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If You're Waiting For An "Economic Collapse", Just Look At What Is Happening To Europe

Tyler Durden's picture


Submitted by Michael Snyder of The Economic Collapse blog,

If you are anxiously awaiting the arrival of the "economic collapse", just open up your eyes and look at what is happening in Europe.  The entire continent is a giant economic mess right now.  Unemployment and poverty levels are setting record highs, car sales are setting record lows, and there is an ocean of bad loans and red ink everywhere you look.  Over the past several years, most of the attention has been on the economic struggles of Greece, Spain and Portugal and without a doubt things continue to get even worse in those nations. 

But in 2014 and 2015, Italy and France will start to take center stage.  France has the 5th largest economy on the planet, and Italy has the 9th largest economy on the planet, and at this point both of those economies are rapidly falling to pieces.  Expect both France and Italy to make major headlines throughout the rest of 2014.  I have always maintained that the next major wave of the economic collapse would begin in Europe, and that is exactly what is happening.  The following are just a few of the statistics that show that an "economic collapse" is happening in Europe right now...

-The unemployment rate in the eurozone as a whole is still sitting at an all-time record high of 12.1 percent.

-It Italy, the unemployment rate has soared to a brand new all-time record high of 12.7 percent.

-The youth unemployment rate in Italy has jumped up to 41.6 percent.

-The level of poverty in Italy is now the highest that has ever been recorded.

-Many analysts expect major economic trouble in Italy over the next couple of years.  The President of Italy is openly warning of "widespread social tension and unrest" in his nation in 2014.

-Citigroup is projecting that Italy's debt to GDP ratio will surpass 140 percent by the year 2016.

-Citigroup is projecting that Greece's debt to GDP ratio will surpass 200 percent by the year 2016.

-Citigroup is projecting that the unemployment rate in Greece will reach 32 percent in 2015.

-The unemployment rate in Spain is still sitting at an all-time record high of 26.7 percent.

-The youth unemployment rate in Spain is now up to 57.7 percent - even higher than in Greece.

-The percentage of bad loans in Spain has risen for eight straight months and recently hit a brand new all-time record high of 13 percent.

-The number of mortgage applications in Spain has fallen by 90 percent since the peak of the housing boom.

-The unemployment rate in France has risen for 9 quarters in a row and recently soared to a new 16 year high.

-For 2013, car sales in Europe were on pace to hit the lowest yearly level ever recorded.

-Deutsche Bank, probably the most important bank in Germany, is the most highly leveraged bank in Europe (60 to 1) and it has approximately 70 trillion dollars worth of exposure to derivatives.

Europe truly is experiencing an economic nightmare, and it is only going to get worse.

It would be hard to put into words the extreme desperation that unemployed workers throughout Europe are feeling right now.  When you can't feed your family and you can't find work no matter how hard you try, it can be absolutely soul crushing.

To get an idea of the level of desperation in Spain, check out the following anecdote from a recent NPR article...

Having trouble wrapping your head around southern Europe's staggering unemployment problem?


Look no further than a single Ikea furniture store on Spain's Mediterranean coast.


The plans to open a new megastore next summer near Valencia. On Monday, Ikea's started taking applications for 400 jobs at the new store.

The company wasn't prepared for what came next.


Within 48 hours, more than 20,000 people had applied online for those 400 jobs. The volume crashed Ikea's computer servers in Spain.

Of course that should kind of remind you of what I wrote about yesterday.  We are starting to see this kind of intense competition for low paying jobs in the United States as well.

As global economic conditions continue to deteriorate, things are going to get even tougher for those on the low end of the economic food chain.  Poverty rates are going to soar, even in areas where you might not expect it to happen.  In fact, one new report discovered that poverty has already been rising steadily in Germany, which is supposed to be the strongest economy in the entire eurozone...

A few days before the Christmas holidays, the Joint Welfare Association published a report on the regional development of poverty in Germany in 2013 titled “Between prosperity and poverty—a test to breaking point”. The report refutes the official propaganda that Germany has remained largely unaffected by the crisis and is a haven of prosperity in Europe.


According to the report, poverty in Germany has “reached a sad record high”. Entire cities and regions have been plunged into ever deeper economic and social crisis. “The social and regional centrifugal forces, as measured by the spread of incomes, have increased dramatically in Germany since 2006,” it says. Germany faces “a test to breaking point.”

Of course poverty continues to explode on this side of the Atlantic Ocean as well.  In the United States, the poverty rate has been at 15 percent or above for three years in a row.  That is the first time that this has happened since the 1960s.

And this is just the beginning.  The extreme recklessness of European banks such as Deutsche Bank and U.S. banks such as JPMorgan Chase, Citibank and Goldman Sachs is eventually going to cause a financial catastrophe far worse than what we experienced back in 2008.

When that crisis arrives, the flow of credit is going to freeze up dramatically and economic activity will grind to a standstill.  Unemployment, poverty and all of our current economic problems will become much, much worse.

So as bad as things are right now, the truth is that this is nothing compared to what is coming.


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Thu, 01/09/2014 - 20:36 | 4317578 Kirk2NCC1701
Kirk2NCC1701's picture

Fleshwound!  I've had worse.

Thu, 01/09/2014 - 20:51 | 4317642 stocktivity
stocktivity's picture

Obama comes home from 15 days of golf in Hawaii and starts hearing shit about Obama Care and taxpayers getting stuck paying for Michelle's extended vacation. What happens next??? Crispy Cream Cris Christie takes all the heat off Obama. Barrack must be absolutely giddy tonight.

Thu, 01/09/2014 - 20:56 | 4317667 WayBehind
WayBehind's picture

Young people in Spain, Greece, Europe, US and other "developed" countries are lazy generation with socialistic attitude looking for a free ride. Thats why the youth unemployment is so high.

Thu, 01/09/2014 - 21:08 | 4317719 malikai
malikai's picture

This kind of unemployment is bullish for black markets.

Thu, 01/09/2014 - 21:41 | 4317850 WayBehind
WayBehind's picture

I never said the job situation in Spain and Greece is great. All I know is that 60% youth unemployment in Spain is a BS. Its much easier to collect unemployment than to hassle working a low paying job. After all, the "cheap" labor from eastern Europe is not having difficulties finding entry level jobs in Spain. Just go and look for yourself!

Thu, 01/09/2014 - 22:14 | 4317981 i_call_you_my_base
i_call_you_my_base's picture

Do I have to state the obvious and say that there are no jobs to get? Look at this article, there are thousands of people applying for hundreds of jobs. Your biases are clouding your vision. It's math, not "all you know."

Thu, 01/09/2014 - 22:38 | 4318041 myblueshades
myblueshades's picture

Young people in Spain, Greece, Europe, US and other "developed" countries are lazy generation with socialistic attitude looking for a free ride. Thats why the youth unemployment is so high.

National Socialistic attitude?

No broken windows, no burning cars..

Can you guess which book is flying up the Amazon charts?

Pro-tip, It aint Marx.

Thu, 01/09/2014 - 23:04 | 4318098 i-dog
i-dog's picture

Nationalism is the best thing that could happen to the European Soviet States that are currently ruled by the Brussels Politburo.

BUT the people need to be careful to avoid being manipulated into supporting populist demagogues who will ALSO be financed and directed by the 'Marxist shadows behind the curtain'. Just because a popular leader SAYS he is independent of the globalists, doesn't mean that he IS independent of the globalists. Note who he associates with and what globalist groups he participates in.

Thu, 01/09/2014 - 23:35 | 4318165 BoNeSxxx
BoNeSxxx's picture

Precisely.  First an economic union (itself unthinkable just 20 years ago) followed by a political union (never let a good crisis go to waste). 

It's been in the script since the 1950's.

Time is running out for the once sovereign nations of Europe to regain what they once took for granted.

Fri, 01/10/2014 - 00:04 | 4318241 WarriorClass
WarriorClass's picture

"In what can only be described as the most flagrantly racial appointment (and clearest example of Obama's War on White America) of his career, NAACP Legal Defense Official Debo P. Adegbile has been nominated to head the Department of Justice Civil Rights Division as an assistant attorney general. [Obama Nominates Cop Killer Advocate to Head DOJ Civil Rights Division,, 1-8-14]:"

Knockout game indeed.



Fri, 01/10/2014 - 00:50 | 4318365 myblueshades
myblueshades's picture

I'll go in for a bit of casual racism. Everyone else seems to be at it.

If everyone remembers that this divide & rule bullshit is part of the same old scam, maybe the world can learn to appreciate the differences in cultures & races, rather than this Marxist attempt at mixing everything/one up into a murky brown proletarian stew. Funny how 'multi-culturalism' is by definition genocide. both are lost, what. I can't believe I didn't see it until recently. Anyway, on with the shoah..

*Bonus hatred & intolerance*




by Rudyard Kipling





It was not part of their blood,


It came to them very late,


With long arrears to make good,


When the Saxon began to hate.




They were not easily moved,


They were icy -- willing to wait


Till every count should be proved,


Ere the Saxon began to hate.




Their voices were even and low.


Their eyes were level and straight.


There was neither sign nor show


When the Saxon began to hate.




It was not preached to the crowd.


It was not taught by the state.


No man spoke it aloud


When the Saxon began to hate.




It was not suddently bred.


It will not swiftly abate.


Through the chilled years ahead,


When Time shall count from the date


That the Saxon began to hate.



Fri, 01/10/2014 - 01:57 | 4318468 JohnnyBriefcase
JohnnyBriefcase's picture

It doesn't matter how many times you state this, people always default back to their preconceived notions of us and them. It isn't their fault, it's been programmed into them their whole life. It takes serious strength to abandon these divisive notions and see who is pulling the strings.

Once seen, your whole world-view changes and not for the better so...


GO (insert sports/political team here)!!

Fri, 01/10/2014 - 06:38 | 4318714 negative rates
negative rates's picture

Federal live by the contract, Federal die by the contract!

Thu, 01/09/2014 - 23:47 | 4318200 myblueshades
myblueshades's picture

Agreed. I suspect the whole Golden Dawn fiasco in Greece will generate lots of good PR for Nationalism generally. But who the fuck knows right? The mainstream media cant be trusted in the slightest, bloggers & 'Informed commenters' like our good selves are equally untrustworthy & agenda laden.

I held my breath for 3 years or more waiting for the big collapse. If the whole thing is as top heavy & precarious as Tyler would have us believe, it would have been kicked over by someone by now. The whole show is a complete farce. 

The up and coming young digital natives have more knowledge & information to draw from than anyone in all history, they can locate & dissimilate it in the time it takes us old bastards to find the Home button. But they are also pasty, pencil armed faggots who sit about all day waiting for that mythical high paying job that involves staying indoors out of the weather & utilising their over developed X-box thumbs.

At least Obama had the good sense to make his drone army work from Playstation controllers.

Shrewd move that.

Fri, 01/10/2014 - 02:36 | 4318486 i-dog
i-dog's picture


"it would have been kicked over by someone by now"

Be patient! They're still building the chaos for their "Ordo ab Chao" (order out of chaos...coined by the Jesuit Illuminati 228 years ago).

I don't wish to disappoint you, but there will be no "reset". They have a plan for centralised world domination, not a "Mad Max"-style crash and splinter. DHS is being "tooled up" to contain any "irrational exuberance" in the US.

I'd be hard-pressed to find a single country (Syria and Iran excluded) that is not currently controlled by a small clique-in-waiting, with their hands already on the local throttles, that is not "in on" the globalist gig.

Fri, 01/10/2014 - 03:28 | 4318549 Lore
Lore's picture

Re: "...pasty, pencil armed faggots who sit about all day waiting for that mythical high paying job that involves staying indoors out of the weather & utilising their over developed X-box thumbs..."


AAAAUGH. I could go on all night. They wouldn't even be happy living in a cave, because rubbing sticks to start a fire WOULD RELEASE "CARBON EMISSIONS." BRAINWASHED, ANDROGYNOUS, COLLECTIVIST CLOWNS, RIPE FOR HARVEST.

Fri, 01/10/2014 - 02:22 | 4318493 TahoeBilly2012
TahoeBilly2012's picture

Jewish monetary "debt paradise"! Stop complaining. Have a beer and turn on the TV.

Fri, 01/10/2014 - 09:50 | 4319040 the tower
the tower's picture

You can also create your own job. I know plenty of people in southern europe that are auto-didact in programming. 

Of course, since you make more money in other countries they leave. But still, they found a job.


I do agree that we will never have enough work for everyone, this is nothing new though. Already in the 70's this was clear.

We are beyond the tipping point, and no war will ever bring back prosperity like WW1 and WW2 did.

So, the next step will be even more automation and robotics, and a basic income, which will replace the benefits system in the West.


Just hang in there, it will happen sooner than you think. Meanwhile, educate yourself, and don't be afraid to sweat.

Thu, 01/09/2014 - 23:46 | 4318197 Tall Tom
Tall Tom's picture

Twenty Thousand Applications for 400 jobs at Ikea...


I hope that you convince many of your proposition.  Really I do.


The violence will not be directed at the Ghettos and slums this time around.


Rockets fly over Gated Communty walls. The Middle Class has marketable skills, science education, and knowledge. They are the masses whom will be starving. They know where the wealth is and whom have wrongfully gained.


It is just far too easy to build rockets and explosives.


I'd sure hate to live in the Hamptons. I'd sure hate to relocate to some "Island Paradise" which is so easy to cut off from trade. Look at Cuba..


Enjoy your inferno. Enjoy the Hell which you serve to create.


Collapse baby collapse.

Fri, 01/10/2014 - 01:04 | 4318386 ElvisDog
ElvisDog's picture

I know a woman who was born and grew up in Spain. She told me that the Spanish don't really want to work. What they want to do is eat, drink, and fuck.

Fri, 01/10/2014 - 03:30 | 4318583 Lore
Lore's picture

Ummm... That actually sounds pretty good.

Fri, 01/10/2014 - 08:31 | 4318788 EastCoast90
EastCoast90's picture

Don't we all want to do those things?

Fri, 01/10/2014 - 05:01 | 4318658 foxenburg
foxenburg's picture

@waybehind  "After all, the "cheap" labor from eastern Europe is not having difficulties finding entry level jobs in Spain. Just go and look for yourself!"


That's a silly thing to say. I live in Spain. Many of the young Spaniards I know have pushed off to Germany or South America looking for work. There is no cheap labour "not having difficulties finding entry level jobs". There are no spare entry level jobs to find. What is your source for this nonsense, which is hurtful for the millions of hapless youngsters struggling quite heroically, in my opinion?

Fri, 01/10/2014 - 07:35 | 4318745 the tower
the tower's picture

Actually, many young Spaniards are off to Germany to find decent jobs. There is plenty of work in Spain, but it's done by low wage workers from Eastern Europe and North Africa, stuff that the Spanish won't do, same for Greece.

On the other hand, the figures are rigged. The Spanish government is using the figures to get out of paying their fair share to the EU after years of being on the receiving end. Idem dito for Greece.

Spain, Portugal and Greece have been the poorest of European countries, together with Ireland, but since the introduction of the Euro and the economic policies that followed - easy credit - they became "rich".

Austerity is showing where we really are: living within our means. Which boils down to Spain, Portugal and Greece still being poor.

Of course, if QE would be stopped then there would be money flowing from the rich to set up shop in these countries, to invest in businesses etc.

So it's a bit of a mixed bag, but it's not as bad as it seems.

Fri, 01/10/2014 - 09:17 | 4318892 the tower
the tower's picture


The same is happening in the UK: many young, educated Brits cannot find a job, at the same time many southern europeans come in and do find jobs. And not any job: well paying tech jobs, management jobs and financial jobs.

The problem is really that many young people in the UK are not educated for the market, there's no fit, so companies look elsewhere. This is why many educated Brits are working in supermarkets or live on benefits. 


Thu, 01/09/2014 - 23:07 | 4318105 yogibear
yogibear's picture

Black market for weapons. The governments have a tough time ignoring armed protestors.

Thu, 01/09/2014 - 23:49 | 4318206 Tall Tom
Tall Tom's picture

I do not know what you are talking about...Shhhhhhh...

Thu, 01/09/2014 - 21:15 | 4317722 BLOTTO
BLOTTO's picture

Hey, as long as the Queen bee is warm...the workers dont matter.


'Our thighs pack with wax, our mouths with honey,

We bring it to the hives, and, like the bees,

Are murdered for our pains.'

- 2 Henry IV, i.v 4

Thu, 01/09/2014 - 22:55 | 4318085 Yes_Questions
Yes_Questions's picture



so, no moar brazilians for the mrs?


Thu, 01/09/2014 - 21:10 | 4317723 gmrpeabody
gmrpeabody's picture

"Young people in Spain, Greece, Europe, US and other "developed" countries are lazy generation with socialistic attitude looking for a free ride. Thats why the youth unemployment is so high."

There is much truth to that..., and much sadness.

These kids are so stupid, they don't know what they're in for.

Of course, it's not just their fault, but...

Thu, 01/09/2014 - 23:57 | 4318219 Tall Tom
Tall Tom's picture

It is really not their fault that there are no job opportunities. It is both the Fiscal Policies of the Federal Government, the mandates, and the Monetary Policy of the Federal Reserve.


When they get rid of the ACA and stop QE then maybe the rich will reopen shop and start up small businesses again.


Until then they will take the guaranteed gains in the Financial Markets. Why have the headache of running a business when you get 30% Gains in the Stock Market? You cannot get that by running a business and hiring employees.

Fri, 01/10/2014 - 03:33 | 4318590 Lore
Lore's picture

Perceptive. We're witnessing the last gasp of the "Something For Nothing" cult.

Thu, 01/09/2014 - 21:12 | 4317735 kaiserhoff
kaiserhoff's picture

Solid article but poor context.

Unemployment checks are forever in Europe.  There is nothing like the urgency, even panic to get a job that long term unemployed Americans face, and yes, it affects incentives.  The data base is helpful, but we need to examine pressure points.

Thu, 01/09/2014 - 21:56 | 4317922 hungrydweller
hungrydweller's picture

They are now forever in Amerika as well; just one 99 week extension after another!

Fri, 01/10/2014 - 01:06 | 4318392 G.O.O.D
G.O.O.D's picture

That is wrong, 99 weeks is all there is..then it is over. All they voted on was to keep the 99 weeks going, not to do a restart and give everyone another 99 weeks.

Fri, 01/10/2014 - 03:36 | 4318592 Lore
Lore's picture

That's why the jobs numbers are so stupid. Another 1.x million people disappeared from the work force on January 1, and that's spun as "RECOVERY."

Fri, 01/10/2014 - 07:43 | 4318749 mjcOH1
mjcOH1's picture

"That is wrong, 99 weeks is all there is..then it is over."

Then it's on to Disability for life and the EBT.

Fri, 01/10/2014 - 00:08 | 4318249 disabledvet
disabledvet's picture

there is no "mass of humanity" anymore. How does one "exploit" when one has no "persons" anymore? worse still..."there is a land mass" sits not just devoid of human life...but empty period. "not even sheep or cow." my supposition is that "the Americans are not going to fill the void" because we have always had the same problem over here..."a huge void" called "the Great Plains" or "property" in general that simply lies vacant. And we solved this problem...mostly with cattle actually...although to some extent with horses and "cowboys." this time around we have oil wells and natural gas plays. "and drilling so deep it causes earthquakes." we did have inflation...once.

Fri, 01/10/2014 - 09:46 | 4318815 Fíréan
Fíréan's picture

Unemployment checks are NOT for ever in Europe !

For  example in the Netherlands  the duration of unemployment benefit is a minimum term of 3 months and a maximum term of 38 months.( During this time  one is required to look for work and show proof of application). The duration of unemployment benefit  depends upon how long one had been in employment prior to becoming unemployed. The benefit  is 75% of your last earned wage for the first two months of unemployment and then 70% thereafter depending on your circumstances.


Thu, 01/30/2014 - 12:39 | 4384318 Not My Real Name
Not My Real Name's picture

38 months * 4.33 weeks/month = 164.5 weeks of unemployment bennies. Not too shabby. With that kind of safety net, there is little incentive to start looking for the first two years.

Thu, 01/09/2014 - 21:44 | 4317868 rubiconsolutions
rubiconsolutions's picture

@WayBehind - it may be that they are sick and tired of paying for assholes who are riding their coattails in retirement, paying to meet the promises that the older generation voted themselves. Yeah, no sarc tag by the way.

Thu, 01/09/2014 - 22:09 | 4317964 Haus-Targaryen
Haus-Targaryen's picture

Gas yourself you shitboomer. 

Thu, 01/09/2014 - 22:15 | 4317982 johnconnor
johnconnor's picture

of course old timer, nobody is more hard working than the me-me babyboomer generation that have destroyed any future for their kids and grandkids

Thu, 01/09/2014 - 22:19 | 4317995 Haus-Targaryen
Haus-Targaryen's picture

The boomers did to the nation in 40 years what the British, Canadians, British again, Mexicans, Confederates, Spanish, Germans, Germans again, Japanese, Soviets, Vietnamiese, Koreans, and Allah Ak Bar have spent hundreds of years doing - destroying the USA.   

Thu, 01/09/2014 - 23:56 | 4318218 Harbanger
Harbanger's picture

In truth, 1/2 the boomers were stoned, much like people are now.  It was 50yrs of liberal policies, with their big gov solutions to justice, social engineering and multiculturalism. 

Fri, 01/10/2014 - 00:37 | 4318291 willwork4food
willwork4food's picture

WTF are you young dudes talking about? Do you actually believe that all boomers had it fucking easy?? Are you fucking shitting me? Leave your divide & conquer empiricial contrived garbage out on the curb with your mom's old lamps. Not many of us were Mike Milikens or greed is gooders. Fucking wake up. I lived in my van for months, lived in a 12x60 trailer without central heat or AC in my 20's. I was dirt fucking poor before that and many of the people i knew were too. The damn smartphone you're glued to was created by one of the baby boomers. Do something about the situation you're in and stop blaming your parents!

Fri, 01/10/2014 - 01:08 | 4318398 Haus-Targaryen
Haus-Targaryen's picture

No, but you guys elected one corrupt government after another, and GOD FORBID someone talk financial sense and want to cut SS and Medicare, because herp derp you paid into the system.  Therefore, you should have us pay for you so the thing goes bankrupt on us after you all are dead.  


The boomer generation was handed the best and most powerful nation on the planet.  You boomers have turned inthis into a leapor colony full of debtors.  Thanks for that. 

Fri, 01/10/2014 - 01:52 | 4318463 El Vaquero
El Vaquero's picture


No, but you guys elected one corrupt government after another...

Aaaaaand that hasn't stopped now that the next generations are voting.  I might remind you that today, we have the teleprompter-in-chief in the oval office.  Trust me, Gen X and the Millennials would do the same thing as the boomers if put into the same position that the boomers were.  You can bitch and whine about what the boomers did all day long.  In the end, it's just contributing to a division that is not needed. 

Fri, 01/10/2014 - 03:45 | 4318599 Lore
Lore's picture

If the new generation of voters is so exceptional, why then is there no call for less government largesse? 

Fri, 01/10/2014 - 01:23 | 4318418 Joe A
Joe A's picture

"and stop blaming your parents!"

That is exactly what your generation did! They got the blame for everything from the baby boomers. Now you get a 'cooky of your own dough' and you shout 'no fair!'. (I agree with you that not all people from the baby boom generation had it all that good, I trash here that '1968' people)

Fri, 01/10/2014 - 01:13 | 4318403 G.O.O.D
G.O.O.D's picture

Idiot, is nothing more than fiat faliure that happens no matter who is alive at the time.



In 1932, Argentina had the eighth largest economy in the world before its currency collapsed. In 1992, Finland, Italy, and Norway had currency shocks that spread through Europe.

In 1994, Mexico went through the infamous “Tequila Hangover,” which sent the peso tumbling and spread economic hardships throughout Latin America.

In 1997, the Thai baht fell through the floor and the effects spread to Malaysia, the Philippines, Indonesia, Hong Kong, and South Korea.

Post-World War I Weimar Germany was one of the greatest periods of hyperinflation that ever existed. The Treaty of Versailles was essentially a financial punishment placed on Germany to make reparations.

The sums of money to be paid by Germany were enormous, and the only way it could make repayment was by running the printing press. (Huge unpayable debt — that sounds familiar. I wonder what the solution in the U.S. will be.)

Inflation got so bad in this period that German citizens were literally using stacks of marks to heat their furnaces. Here is a brief timeline of the marks per one U.S. dollar exchange rate:

April 1919: 12 marks

November 1921: 263 marks

January 1923: 17,000 marks

August 1923: 4.621 million marks

October 1923: 25.26 billion marks

December 1923: 4.2 trillion marks.

In present times, we have Zimbabwe, which was once considered the breadbasket of Africa and was one of the wealthiest countries on the continent. Now Mugabe’s attempts at price controls, combined with hyperinflation, have the nation unable to supply the most basic essentials such as bread and clean water

So forth and so on etc.. but yes it is all the boomers fault.. Dipstick

Fri, 01/10/2014 - 04:12 | 4318620 August
August's picture

Fucking Canadians... they're either at your feet, or at your throat.

Thu, 01/09/2014 - 22:53 | 4318077 Yes_Questions
Yes_Questions's picture



no, its the notes in G-strings.




Thu, 01/09/2014 - 23:08 | 4318106 Dinero D. Profit
Dinero D. Profit's picture


Young people in China, Vietnam, Indonesia and other 'undeveloped' countries are and ambitious generation with a capitalistic attitude looking to be self-reliant.  That's why the youth unemployment is so low.

Fri, 01/10/2014 - 02:45 | 4318526 Wile-E-Coyote
Wile-E-Coyote's picture

You have never been to Europe have you?

You are talking out of your avatar.

Fri, 01/10/2014 - 08:09 | 4318756 Tinpony92
Tinpony92's picture

Dear Waybehind

You are a totally fcuking clueless moron.




Thu, 01/09/2014 - 23:44 | 4318187 elephant
elephant's picture

I'm still wondering how this came to light.  Was it the NSA that found the emails?

Fri, 01/10/2014 - 02:07 | 4318474 Villageidiot777
Villageidiot777's picture

Do not disturb sheep, they get confused and upset.

Fri, 01/10/2014 - 06:24 | 4318702 cpzimmon
cpzimmon's picture

Don't think I care much about who's in charge. What I care about is the MSM spining it to be advantagious  for O'badwordfollows.

Christ! You'd think that liars would know when they've gone to far. Guest not! This is an truly Orwellian world.


Thu, 01/09/2014 - 23:14 | 4318123 tempo
tempo's picture

Post generation everythings wrote in rolling stone magazine that Govt should own everything and guarantee a job to everyone according to their personal passions, like painting murals.  Why doesnt this work in France? Opps maybe everyone with wealth leaves the country leaving a hell hole of poorly educated, entitled, lazy population who would rather live like dogs than work.

Fri, 01/10/2014 - 00:46 | 4318352 CarrierWave
CarrierWave's picture

Hmmmm, so far we can count more than 1000 articles on ZH telling us about the doom and gloom to come - since 2009.

Except for being entertaining to read, those articles as well as this one, are useless in making investing decisions.

The markets will NOT drop, will NOT crash, and should a 5-10% correction develop? - Guess what? - That's normal and healthy in any market.

Don;t fight the FED. Stay with the Trend. Choose your entry points smartly. Set your Stop Loss intelligently and keep enjoy ZH articles just the same.



Fri, 01/10/2014 - 02:04 | 4318472 UH-60 Driver
UH-60 Driver's picture

I moved from the lower 48 to Germany in August.  There is no poverty problem here. 

Thu, 01/09/2014 - 20:36 | 4317579 Big Johnson
Big Johnson's picture

Do you think we could stuff more adds on each comments page.... I really like scrolling through them.

Thu, 01/09/2014 - 21:15 | 4317734 gmrpeabody
gmrpeabody's picture

Use FIREFOX...!  (big johnson my ass)


Thu, 01/09/2014 - 23:39 | 4318172 KnightTakesKing
KnightTakesKing's picture

But if you're reading on an iPad you can't block the ads.

Fri, 01/10/2014 - 00:47 | 4318354 DIgnified
DIgnified's picture

If you're reading on an Apple anything, you've got bigger problems than ads. :)  Get an android, root it (it's easy) and install AdAway.  Removes internet ads, app ads and gets rid of YouTube ads (except that one at the top of the 'what to watch' section, for some reason).

Fri, 01/10/2014 - 04:37 | 4318642 Gaffing_Nome
Gaffing_Nome's picture


ever so few weeks on the ZH, a comment in which commentor comments of his being. Made bother by the ads.

With /no sarc I really do enjoy busting my erroneous half-baked assumptions. The kind which reminds oneself that surprises do exist; they must for the subtle gotchas! to as well.

Of point: The upchuck of oafy shitheads, specifically that pronounced log-turd parabo-boost of counter-sane, divisive-maker, appeals-to-emotion proVacetures (or-and) Bystanders with Kinetic

welp- I say...amount of shit across the lines of Com, Bloog and Würstenstien el-el see? We same 1 yr. ago as now /w a way to experience the conspicuous diff inna moment (time traveller?) "big noticed" by many. Hence my genuine fondness of being flat out pulse dead wrong.

Oh yeah. My brain Cortez=busy with spreading killer bugs across the olde silver something's. Disregard (fucking late).

With all the new, extra blatant+shameless 24/7 sortie thermobaric lung popping crap on crack-the-rocks,

Kinda fell into a complacent script re: the ZH. For a while earlier last year, it appeared as if assholes had taken the forums over by brute numbers' of.

I caught the subtle but important idiocy of my thinking by making wide judgement of the ZH commenter flow- too many merkins yapping on incessantly ala:


Fuck you

Take yer worthless shit tix and go fuck yourself

SilBer? What's Dat?

It's from the land of red-hots, Vienna. They spell stuff not all different.

O duh. Kay.

Fuck you!




You heard me Joobux.

(Need moar mere inter-generational smacking about)

"Entitlements you old shit. Gimmuh/tim-uh"

"Lazy this...that...AND LEAD!"

"I heart Mr. Yellen"

"Whine. Point"

. Play Lippmans' Card. This is known as doing the bad peoples' work pro-boner.


So when watching that freaky spandex animation (the lack of sound made it...more unsettling)

And reading comments below, many abstruse to-and fro talking.

Most which of which harkened to the 09-10 years of the ZH.

Not my favorite but shit that makes me go mmmmmmmh is good .

IPad pop ups? I wanna know for real if there exist any ZH "authentic" fellows who can read those nanex things /w 100% fast-decode/analysis but!

are unawares of the many dozens of I-thing browsers (Adblock being one) which Kybosh Advertus Heraldry Bannercrap?

anyway, it's late and what am I saying.

Ah! Firefox. It's open source and has a zillion add blockers.

also mega recommended plugs:

Do not track

LSO killers

NO SCRIPT<--must


Http header/script editors etc

No Redirect!


The zillion of ARIN-esque back tracers

Google opt-out

Stylish (there you go, no ads)

GreaseMonkey forks

HTML 5 instead of Flash

sys-id spoof

while ur at it

Put ur dang browser in a sandbox

And/or stick that shit in a virtual machine

Use true crypt and double up with a volume inside a volume

d/l DNS-Jumper (free)

and change ur DNS gateway from the damned / crap which is the g00g which you know.

set ur home page to duck duck

using a non-logging search engine search

enter whatever you find (and like any stacking stacker, do the DD to find out if the gateway is "mostly" verifiable as being a no logger

key-scramblers too.

and to end this non-sensical post:

The non-compensated(?) brats if reeeel paragons of their generation to say..,

idiots. talk of lemmings or dunning-this, sheeple of the fallacy that is

unbegging ze statements, present to many as an iconic dump.

Be advised: using weasel words and mockingbird/parroting words heard only on the MSM demonstrates who exactky, is under The Thumb.


Fri, 01/10/2014 - 06:26 | 4318707 cpzimmon
cpzimmon's picture

Jeepers! Excuse Me?

Fri, 01/10/2014 - 08:29 | 4318782 BigJim
BigJim's picture

Someone call NANEX, there's an HFT loose on ZH

Thu, 01/09/2014 - 21:23 | 4317775 Ban KKiller
Ban KKiller's picture

Now we all know why there are more ads! YOU! 


Ok...maybe I did click on the chick with big tits....

Thu, 01/09/2014 - 20:37 | 4317584 Meat Hammer
Meat Hammer's picture

And they'll still say government should do something about it.  

The people should do something about it.

Thu, 01/09/2014 - 20:45 | 4317619 willwork4food
willwork4food's picture

Now there's a real MEATY comment!! I likes the way you think!

Thu, 01/09/2014 - 21:16 | 4317754 Dr. Destructo
Dr. Destructo's picture

I'm going the Brazen Bull route. Time to put that bull at Wall Street to good use!

Thu, 01/09/2014 - 20:38 | 4317591 NOTaREALmerican
NOTaREALmerican's picture

It's not a real collaspe, tho, until the smart-n-savvy people don't win anymore.

The peasants and other dumbasses getting screwed is just normal life.

Thu, 01/09/2014 - 20:39 | 4317597 Hongcha
Hongcha's picture

Clearly time to dump 8,000 Au contracts , en masse, at 3:00 a.m.  Like Mr. Huxley said, nothing says, "sell your gold" like the econ collapse of an entire continent.

Thu, 01/09/2014 - 20:47 | 4317632 BudFox2012
BudFox2012's picture

That was me.  I took the proceeds and bought shares of JC Penny, greek bonds, and 1,000,000 Kayne West crypto coins.  We'll see who's laughing next year...

Thu, 01/09/2014 - 21:27 | 4317792 kaiserhoff
kaiserhoff's picture

Well done.

Hint - might want to balance your portfolio with some velvet Elvis.  Classic Kitch.

Thu, 01/09/2014 - 22:26 | 4318013 BudFox2012
BudFox2012's picture

Good idea Kaiser.  I'm short on cash so I better sell some of those Bushmasters and 5.56 ammo I bought at loan-shark prices last january to raise some paper.  Flee markets, here I come!

Thu, 01/09/2014 - 20:45 | 4317599 Ham-bone
Ham-bone's picture

but but but Italian, Spanish, French yields on their debt is approaching all time lows...all likely to be @ parity w/ US within 2014...they'll come to us, not the other way round.

Means they can take out debt even faster as the cost of servicing continues falling...hello Japan.

More of our world without "market" based consequences...

Thu, 01/09/2014 - 22:32 | 4318028 andrewp111
andrewp111's picture

Markets can be irrational longer than you can stay solvent.

Fri, 01/10/2014 - 00:05 | 4318246 Tall Tom
Tall Tom's picture

I will be solvent after the Marketplace turns rational. Anyone else involved will be broke.

Thu, 01/09/2014 - 20:40 | 4317600 jubber
jubber's picture

That is all well and Good but the IBEX hit a 3y High today and its 10y Bonds was as low as 3.68%, the IBEX is up 600 points alone this year. The FTSEMIB is pretty similar up 800 points so far this year and their 10y Bonds well below 4%

Beware If you are trying to short either of these as you are getting killed, or any small gain you make is usually wiped out within 24 hours.

Thu, 01/09/2014 - 20:41 | 4317605 shepherd
shepherd's picture

It's on Zerohedge, it must be true.

Thu, 01/09/2014 - 20:46 | 4317611 Ham-bone
Ham-bone's picture

Mr. Shepherd - you don't seem to like ZH or Merican's much...what exactly do you like?  Who should we aspire to be to gain your favor??

Thu, 01/09/2014 - 20:47 | 4317629 shepherd
shepherd's picture

Oh, I like it. Don't worry.

Thu, 01/09/2014 - 20:49 | 4317638 Ham-bone
Ham-bone's picture

OK...worrying over.

Thu, 01/09/2014 - 20:56 | 4317668 vulcanraven
vulcanraven's picture

You must be new here....

Thu, 01/09/2014 - 21:53 | 4317907 DaddyO
DaddyO's picture

1 week 5 days, nuff said!


Thu, 01/09/2014 - 22:21 | 4318002 falconflight
falconflight's picture

There are plenty of links, and w/ a modicum of due dilegence, you could orginal source some of this information in mere minutes.  Like going to the web site:


Dumb Ass

Thu, 01/09/2014 - 20:42 | 4317607 nmewn
nmewn's picture

We deported Krugman to Europe?

Thu, 01/09/2014 - 21:09 | 4317721 wee-weed up
wee-weed up's picture



Maybe we can sneak him in with some of those African boat people who are now swamping the EU's southern shores.

With any luck, they'll eat him!

Thu, 01/09/2014 - 23:21 | 4318142 Yardfarmer
Yardfarmer's picture

add 50,000,000 muslims to that.

Fri, 01/10/2014 - 06:29 | 4318709 cpzimmon
cpzimmon's picture

OK. We'll eat them too.

Thu, 01/09/2014 - 21:15 | 4317753 kaiserhoff
kaiserhoff's picture

Where can I contribute to that fund??

Thu, 01/09/2014 - 22:47 | 4318063 dexter_morgan
dexter_morgan's picture

wishful thinking

Fri, 01/10/2014 - 00:08 | 4318251 Tall Tom
Tall Tom's picture

Come on...We are not that smart.

Thu, 01/09/2014 - 20:44 | 4317612 bertone
bertone's picture

It's noise...... Adjust accordingly.

Thu, 01/09/2014 - 20:46 | 4317625 chubbar
chubbar's picture

Why is IKEA opening a store during an economic collapse?

Thu, 01/09/2014 - 21:17 | 4317756 kaiserhoff
kaiserhoff's picture

Probably the same reason home builders always build,

  and hens keep laying eggs.

Thu, 01/09/2014 - 21:25 | 4317786 gmrpeabody
gmrpeabody's picture

They're the Wallmart Superstore of furniture...

They open, and 10 ma and pa places close.

Thu, 01/09/2014 - 22:53 | 4318078 Emergency Ward
Emergency Ward's picture

Bullish for particle-board.

Fri, 01/10/2014 - 02:41 | 4318518 Rubbish
Rubbish's picture

What happened to (2) milk crates and a plank of wood? Oh yeah, that was the boomers.

Fri, 01/10/2014 - 05:31 | 4318673 mt paul
mt paul's picture

29.95 $

down at Home Repo


various colours 

Fri, 01/10/2014 - 00:00 | 4318232 RaceToTheBottom
RaceToTheBottom's picture

Damn IKEA Hens, always depressing the egg market....

Thu, 01/09/2014 - 21:28 | 4317798 mumbo_jumbo
mumbo_jumbo's picture

i was wondering the same thing?  WTF!

Thu, 01/09/2014 - 20:48 | 4317634 Goldilocks
Goldilocks's picture

John Lee Hooker - Boom Boom [HQ] (4:20)

Thu, 01/09/2014 - 20:51 | 4317647 Stuck on Zero
Stuck on Zero's picture

Maybe the statistics look grim but the European elite is getting wealthier than ever.


Thu, 01/09/2014 - 20:54 | 4317660 IridiumRebel
IridiumRebel's picture

Yeah but CNBS tells me all is well! It's fuckin great there right? RIGHT?

Thu, 01/09/2014 - 20:55 | 4317664 papaswamp
papaswamp's picture

ZH is off the the fucking chain tonight!


Thu, 01/09/2014 - 21:00 | 4317684 Roark12
Roark12's picture

Porn star Maitresse Madeline sells one-hour webcam session to top bidder for $42,000 -

A Fool and His Money

Thu, 01/09/2014 - 21:19 | 4317765 kaiserhoff
kaiserhoff's picture

Purloined Bitcoin?

Thu, 01/09/2014 - 21:26 | 4317791 drendebe10
drendebe10's picture

Maybe some people have too much money.meanwhile Charlie Sjeen marries a porno star, cheaper to rent it than own it?

Fri, 01/10/2014 - 02:35 | 4318511 Ignatius
Ignatius's picture

I smell an arbitrage opportunity.

Fri, 01/10/2014 - 03:39 | 4318596 Zero Point
Zero Point's picture

An Australian. 'Nuff said.

Dumb bugger will probably spend the whole time trying to propose.

Thu, 01/09/2014 - 21:01 | 4317691 cpnscarlet
cpnscarlet's picture

Gold negative -

With all this unemployment, who can afford jewelry?

Thu, 01/09/2014 - 21:04 | 4317701 Simplifiedfrisbee
Simplifiedfrisbee's picture

Where is Satoshi 101?

Thu, 01/09/2014 - 21:12 | 4317738 IridiumRebel
IridiumRebel's picture

I'm sure he will have a response to EVERY SINGLE COMMENT soon enough.

Fri, 01/10/2014 - 08:36 | 4318800 BigJim
BigJim's picture

Yes, it's truly astounding how much he 'knows'

Fri, 01/10/2014 - 03:39 | 4318595 satoshi101
satoshi101's picture

I'm here, but sadly I have nothing to say,

When ever I see ZH bash EUROPE or ASIA it bores the fucking shit out of me.

We have seen the enemy and is US.

"You must only look in the mirror, if you wish to see the problem" - V for Vendetta


When I see people seriously talk about solutions I might join, but right now its just people talking about shit they don't know, I live in ASIA and have family in Europe. I know what's going on, and I don't have to listen to TV to tell me, in fact this might disturb you all but I don't watch TV.


Before the USA analyzes the world, they had better get their own house in order, and its fuck.

p.s. yesterday (my time) ZH said 'euro tumbled' it was actually UP, today its even higher, ZH can't even get the real-time right, let alone reality right.


Fri, 01/10/2014 - 04:20 | 4318629 Simplifiedfrisbee
Simplifiedfrisbee's picture

Tell me, why is it you have a love-hate perspective towards the US?

Thu, 01/09/2014 - 21:10 | 4317731 rosiescenario
rosiescenario's picture

Those poverty numbers in Germany are frightening....we all know where that has lead in the past....


I gather from this article that the market for Chinese made goods in Europe must really suck, so that leaves the U.S. consumer to support their economy??? Doesn't sound too promising.

Fri, 01/10/2014 - 04:26 | 4318634 Red Lenin
Red Lenin's picture

It's not poverty - it's relative poverty.  Totally different thing.    You are talking of a country that has one of the finest social welfare programmes on the planet and where the taxis (yellow cabs) are mercedes.

Thu, 01/09/2014 - 21:14 | 4317742 gwar5
gwar5's picture

I guess I can see why the Germans invaded France twice. If the French are true to form in this century they'll commit national suicide again. This time they'll take the EU with them along with the other subprime nations. I hope they succeed in driving Germany into the arms of China/Russia. 




Thu, 01/09/2014 - 21:15 | 4317747 GotNuttin'todo
GotNuttin&#039;todo's picture

"Sittin on the dock of the bay

Watchin' the tide roll away..."

As Otis would might have said, 'Timing is everything'

Thu, 01/09/2014 - 22:39 | 4317774 zjxn06
zjxn06's picture

"-Deutsche Bank, probably the most important bank in Germany, is the most highly leveraged bank in Europe (60 to 1) and it has approximately 70 trillion dollars worth of exposure to derivatives."

Maybe THAT's why the Germans were told they can't get their gold back for 7 years.

If I held their gold for "safe keeping" and my TBTF banks were couterparties to their toxic financial soup, I might be slow to give the REAL stuff back.

Perhaps someone thinks something is going to blow up in the next 7 years.

Am I thinking straight?  Have had a couple of scotches.


Thu, 01/09/2014 - 23:41 | 4318176 BoNeSxxx
BoNeSxxx's picture

Cogent theory and original as far as I have seen.

I recommend you have a few more and see what else bubbles up.


Fri, 01/10/2014 - 02:37 | 4318513 Ignatius
Ignatius's picture

Agree.  Keep drinking.

Fri, 01/10/2014 - 05:50 | 4318687 putaipan
putaipan's picture

best couple of scotches i've seeen spewed. outside of ekm and bgob. but you seen them around here lately?

Thu, 01/09/2014 - 21:28 | 4317799 drendebe10
drendebe10's picture

Would've liked to see the USSA obamconomy numbers next to those reported for Europe

Thu, 01/09/2014 - 22:41 | 4318046 dexter_morgan
dexter_morgan's picture

Yes but the real numbers, not the USSA propaganda.

Thu, 01/09/2014 - 23:10 | 4318111 willwork4food
willwork4food's picture

Just look up John Williams:

Thu, 01/09/2014 - 21:40 | 4317847 saulysw
saulysw's picture

This reminds me of a comment I read here some time ago, which I can't recall exactly but the sentiment is this : Inflation becomes infinite when you are unemployed.

I was unemployed myself at the time when I read this and I could empathise completely - without an income even a coffee can be unaffordable. If you don't have the money, you can't buy it no matter what the price is.

Thu, 01/09/2014 - 21:42 | 4317859 newprepper
newprepper's picture

Wait a minute . This guy on CNBC just said Europe was ready to take off and I should buy more stocks. They don't lie on CNBC . Do they? Constantly Needlessly Broadcasting Crap.

Thu, 01/09/2014 - 22:05 | 4317950 IridiumRebel
IridiumRebel's picture

Buy Greek Bonds! Their Stawk Market is going Gangbusters this year too!

Thu, 01/09/2014 - 22:10 | 4317956 Simplifiedfrisbee
Simplifiedfrisbee's picture

Bullish on the EU. I see the EU ramping up their monetary policy. Bowering is the easiest and friendliest poilicital solution in that God forsaken part of the world. After all, they have some good real estate Bandar and his buddies want to purchase during spring bombings.

Thu, 01/09/2014 - 21:59 | 4317929 OC Sure
OC Sure's picture

Why wait for a collapse when you can just hurry one along ala Central Theft/Banking?

Thu, 01/09/2014 - 22:01 | 4317936 vincent
vincent's picture

I recall hearing that France has substantial exposure to Sovereign debt of just about everybody.

So much for lending a helping hand.

Thu, 01/09/2014 - 22:03 | 4317945 eddiebe
eddiebe's picture

Oh no, gloom and doom and misery abound. Woe is me.

Thu, 01/09/2014 - 22:32 | 4317972 falconflight
falconflight's picture


I could make many comments, but my visceral reaction (doesn't matter how many times similar articles have been read) is that it scares the shit outta me.

Thu, 01/09/2014 - 22:48 | 4318065 Unprepared
Unprepared's picture

No need to flush the toilet in this case.

Ohio must make this article a must-read to solve the frozen water pipes problem.

Thu, 01/09/2014 - 23:12 | 4318116 willwork4food
willwork4food's picture

We're all scared Falcon. Some more than others.

Fri, 01/10/2014 - 00:04 | 4318243 IridiumRebel
IridiumRebel's picture

I'm gonna ask people if they're "Hedge" when this shitbox burns.
"Are you Hedge?" Good for one can of beans and a 16th of a bitcoin.

Thu, 01/09/2014 - 22:14 | 4317979 Haus-Targaryen
Haus-Targaryen's picture

ECB will step in and start printing telling the Germans to sodoff before this burns to the ground.  2014 will be an intersting year.  

Fri, 01/10/2014 - 03:33 | 4318589 JustUsChickensHere
JustUsChickensHere's picture

+1   and they will do it "for the children"

Thu, 01/09/2014 - 22:20 | 4318000 wisehiney
wisehiney's picture

On the College article below, I argued that there is still opportunity in this country. I take it back, sort of. We ZH'ers may have an opportunity to be the needle that pops this mofo. See you in the streets. (from my perch in the woods)

Thu, 01/09/2014 - 22:35 | 4318034 falconflight
falconflight's picture

We've just made it to our perch in the woods barely a month ago. 

Fri, 01/10/2014 - 00:01 | 4318235 IridiumRebel
IridiumRebel's picture

Made it to ours in August. Red Dot.

Fri, 01/10/2014 - 12:50 | 4319785 fedupwhiteguy
fedupwhiteguy's picture

yeah. i'm leaving for my perch in three weeks. everybody watch their six and get to know your neighbors. it'll pay to have that intel when the chips are down.

Thu, 01/09/2014 - 22:22 | 4318004 tony bonn
tony bonn's picture

the impoverishment of the world is the grand design of the satan worshipping rockefeller nazis/illuminati

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