This page has been archived and commenting is disabled.
If You're Waiting For An "Economic Collapse", Just Look At What Is Happening To Europe
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.
»
- 92396 reads
- Printer-friendly version
- Send to friend
- advertisements -
"Collapse" with HOw MUCH MONEY SITTING IN OFFSHORE ACCOUNTS? or stupidly invested?
But it just doesn't matter.
It just doesn't matter.
Cuz we can print all the money we want and hand it out to the proles, forever. The problem is, when welfare pays the equivalent of $100k a year, who wants any normal job?
That's what they get for not using Bitcoin.
I gotta tell you guys, and i did not scroll through the comments or even actually read the post itself, but the little people will be OK. The ones wringing their hands are the one-percenters and the ones on welfare are the ones who are truly fucked. Little do the one-percenters know that it's the little people who are their safety net, and the welfare folks can't, in their wildest dreams, pick up the yoke. Our " elite class" has unwittingly designed their own demise. Where's the popcorn?
I did not mark you down.
I either need to hear more about what you mean OR
I just think you are engaged in wishful thinking.
We have artificailly built up a way of living that is not sustainable. Food, transportation, housing, even education, all of it is based over specialization, over centralization, JIT logic and on the idea that growth will continue. When it does not, contraction will and must happen. It will not be orderly. People are not materially or ideologically prepared for it. Many are strangers to any kind of adversity and are or will be blown away by the coming contraction.
The "elite" will last a lot longer than your popcorn.
Where was that popcorn that you're going to eat grown? Where was it packaged? Where was the last meal that you ate grown, processed and packaged? If you can answer that, you're a rare bird indeed. Now, start asking normal sheep that question. What percentage of sheep actually know how to cook? Over an open wood fire with something that isn't a marshmellow or a hotdog? If you gave them corn, could they turn it into hominy? Could they tell you why eating some hominy every once in a while, as opposed to normal corn is a good idea? How many know how to grow food? How many know how to save seeds? How many are familiar with animal husbandry? How many could butcher a cow or a chicken? How many know how to preserve meat without a fridge or a freezer?
That's just food. Now, what happens when supply chains break?
I'ii try to elaborate. El Vaq, you're helping make my point, thanks. Do the oligarchs have practical, hands-on knowledge of the skills/methods you describe? I think not.
MsC; maybe it is wishful thinking on my part, and I wasn't clear on who the "little people" are either. They are the ones El Vaq describes, and you needn't be an expert in all facets of life to survive. You simply need to be able to provide value to your neighbors, and they to you.
IF (big if) a sufficient number of the "little people" (the ones who know how to actually do stuff) stop supporting the status-quo, things will change, and quickly.
Then again, I may simply be full of shit. Wouldn't be the first time.
edit:
Ok, I gave y'all 12 hours to reply.... crickets. The little people may, or may not be little people, in your eyes. In any case, rest assured that they are the ones who make your world work. They may be billionaires, or they may be garbage collectors. They are most definitely NOT politicians, or lobbyists for the corporations that currently rule.
Is my message any clearer now? Or are you both in denial, thinking you're all patriotic and shit while making your living from financialization?
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.
We don't need no stinkin jobs just better acid and rock n roll.
Haven't you ever been experienced?
Out here on the periphery there are no stars.
No, but I've been to Electric Ladyland.
Now I can understand the reluctance of european governments to allow citizens to own guns. Can you imagine? But then the Europeans have done OK with pitchforks and axes in the past. One can only hope. Let the games begin.
Bombs are much deadlier, easy to construct, and less expensive. Pitchforks and Shovels??? That is so World War I.
Bombs and Rockets. Rockets and Bombs. Even the Palestinians know how to make them...
Who needs a gun?
Let the games begin in the United States in Movie Theaters across the country. Everyone likes a show, right? It is just Audience Participation Night.
You joke as it is happening in Europe? It is coming across the pond.
Countries around the world are taking on more debt without any fruitful attempts to curb their expenditures. This has resulted in a much more fragile and artificially held up financial system which is on a much shaky ground than it was in 2008. In 2008 companies failed due to excessive leverage and debt and now countries are likely to default because they took on the same bad debt on themselves.
There is no economic recovery because all the efforts of politicians, government, central banks etc are focused on saving banks instead of targeting job creation which is the only way economy can recover.
The weakness in the democratic process ensures the victory of the Wall Street over the Real Economy for the foreseeable future. Things are definitely going to get much much worse before they get better for the real economy i.e. for more than 90% of the population.
www.marketoracle.co.uk/Article40231.html
Like Max Kieser, I am looking to the United Kingdom for a full on implosion. The fact is 50% of the entire GDP of the Kingdom consists of Government. Yes, you heard it, government. In many parts of England, Wales and Scotland, government is the majority employer. That's right. If you live on a typical middle class street, 1/2 of all your neighbors goes to a government job. If you live on a former working class street, but what is now called a Benefits Street, anywhere from 20 to 90% of your neighbors will be on benefits, those with jobs are likely to work for government or a government contractor. To make this system run, the UK prints billions of pounds and buys it's own bonds. Yes, a circle jerk. While the UK has a major government manipulated housing bubble, they also have a major student loan bubble brewing. Along with EU open borders attracting the hard working Roma people, and now scores of east Europeans. Poles came in numbers of over one million and ended up with most of the working class jobs.
Lets face it, being outside the Euro allows vast money printing. But the day is fast coming when all the money printing, borrowing and housing bubbles crash. Face it, with 50 government GDP, that is a Soviet Economy. In the USSR, half of all the economy was state owned, the other half was all black market. "Soviet Britain". The USSR collapsed, so will the UK.
And I agree about France. I called for it to enter the danger zone 5 years ago. I was wrong in my timing, I was not wrong in the end result. The EU has now got millions of poor Eastern Europeans ready and willing to move west, this can tear apart the social contract in the western nations. Big trouble brewing.
Western Europe, once again gets to have "the enemy" right there, up close and in-country.
the "white nationalism" movements will take hold and time for the popcorn.
sadly
what other types of nationalist movement should you have in Europe
Unfortunately it isn't only in the Euro-Zone. So, better lose the 'look at Europe' attitude.
WORLD ECONOMY COLLAPSING!!! - HEADLINES JANUARY 2014
WORLD
- China’s Inflation Decelerates (=Disinflation ->Deflationary)
- China Services PMI Crumbles To 2nd Worst Level On Record
- China December services PMI falls to four-month low
- Singapore GDP Contracted Last Quarter as Output Eased
- Qantas Debt Cut to Junk by Moody’s Amid Virgin Competition
- Brazil Economists Lower 2014 Growth Forecast Below 2%
- Bond Tab for Biggest Economies Seen at $7.43 Trillion for 2014
- IMF paper warns of 'savings tax' and mass write-offs as West's debt new high
EURO-ZONE
- Spain Youth Unemployment Rises To Record 57.7%, Surpasses Greece
- Italy Unemployment Rate Rises to Record 12.7% in November
- Euro-zone lending to private sector plunges
- German Service-Industry Activity Slowed
- Swedish manufacturing PMI falls in December
- U.K. Services Growth Unexpectedly Cools For Second Month
- U.K. Manufacturing Cools as Export Demand Weakens
U.S.
- Service Industries Unexpectedly Grew At Slower Pace In December
- 95% Of Total Consumer Credit Lent In Past 12 Months Is For Student And Car Loans
- Holiday Shopper Traffic Tumbles 14.6% As Online Sales Miss Expectations
- Domestic Vehicle Sales Lowest In 14 Months; Miss By Most In Over 5 Years
- GM’s Vehicle Sales In The U.S. Declined 6.3% YoY
- HP deletes a further 5,000 jobs on top of earlier layoff of 29,000 jobs
- Morgan Stanley to Barclays See Second Yearly Muni Losses
Qantas Junk amid Virgin Competition you say????
Qantas Debt Cut to Junk by Moody’s Amid Virgin Competition
8 January 2014, by David Fickling (Bloomberg)
http://www.bloomberg.com/news/print/2014-01-08/qantas-debt-cut-to-junk-by-moody-s-amid-virgin-competition.html
more here: http://forum.prisonplanet.com/index.php?board=198.0
I will be in Hawaii next week, but I will not be SCUBA diving. Pressure on the food chain is causing a 500% increase in serious and fatal shark attacks. Real data is here.
http://nukeprofessional.blogspot.com/2013/12/apex-predators-in-hawaii-ar...
Your loss. Was in Maui in November for 2 weeks. Probably put in over 15 hours of snorkeling. Saw no dead sea life, no mutations or open sores in the reef fish, including multiple schools of ulua, turtles everywhere, saw pods of spinner dolphins frolicking & feeding, and a few humpbacks breached off Makena. Abundant as ever sea life. Yeah, there were a few shark attacks the week after I left, but there are more people snorkeling now than I've seen in the past, the kayak fisherman who died had bleeding fish near his dangling foot, and some speculate the large turtle population is to blame. From charts I've seen the main thrust of radioactive currents run north of Hawaii ~ for now.
sounds nice
we're locked in winters grasp
looking for seal breathing holes in the ice
so we can harpoon them, oil for the lamps
food for the people..
The same shit was going on in the 70s. We lived.
https://www.youtube.com/watch?v=rGIY5Vyj4YM#t=38
Yes we lived through the 1970s. It was a shitstorm. But it IS DIFFERENT THIS TIME.
In the 1970s the United States was the World's largest CREDITOR NATION. Today we are the World's largest DEBTOR NATION.
That is a total shift.
We cannot raise Interest Rates. But we must do just that in order to stop the collapse.
Our Goose is cooked as there will not be a Volcker Miracle. Those types of "Miracles" happen just once in a Lifetime. You cannot expect reoccurence.
That was the "Wake Up" call. We did not heed it.
Fair enough.
I just think they'll come up with a scam to extend it longer than anyone thinks.
The two talkers on CNBS' told me all is recovery for EU. Obligations are paid off. If you were a higher wage income earner. Thanks to austerity, wages are lower to repay government/banking obligations. Whip up a new long term loan under new taxes. Let the fucker's pay out 5 times the expected value of actual principal.
You cannot make this shit up.
The fact that commodities are in the dumpster says it all...the 'recovery' in the US is entirely QE driven and limited to Wall St. How long this little game can go on is anyone's guess but it will not end well.............
“Mr. Chairman, we have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve banks. The Federal Reserve Board, a Government board, has cheated the Government of the United States out of enough money to pay the national debt. The depredations and the iniquities of the Federal Reserve Board and the Federal Reserve banks acting together have cost this country enough money to pay the national debt several times over. This evil institution has impoverished and ruined the people of the United States, has bankrupted itself, and has practically bankrupted our Government. It has done this through defects of the law under which it operates, through the maladministration of that law by the Federal Reserve Board, and through the corrupt practices of the moneyed vultures who control it.”(McFadden)
http://dandelionsalad.wordpress.com/2008/07/21/louis-t-mcfadden-1876-193...
God bless you for serving the United States of America.
We can install a vibration device under all the chairs of NSA to alert them of next financial terrorist attack within the three branches of US government. Sad, but true.
Dr. Paul Craig Roberts - Ship of Fools http://www.informationclearinghouse.info/article21943.htm
The EUSSR is a bank/political construct, not for the well being of most people, and its founders admitted as much. This may come as a surprise to Americans, but it is true. Edward Heath, the boy killing paedophile* former British Prime Minister who sold out Britain by misrepresenting the intent of the 'Common Market', admitted that it would never have passed in Britain if he had told the truth.
The truth: the EUSSR is a power grab by international financiers, and 'globalists' who want to end 'democracy', end sovereignty. They are the old feudalists, making new feudalism, this time with a smiley face.
*Since the death of Britain's pied piper of paedophilia to the British establishment Jimmy Saville died, it has become known that Heath was a boy rapist who killed some of his victims. Imagine how easy it was for him to be blackmailed by the forces of international financiers, and their ring leader Rothschilds who recruited Britain's biggest known spy traitors Philby, McClean, Blunt etc, and still run Mi6.
Love your posts. Truthful, less than 5% understand what you're talking about. Don't stop posting. Where can we meet, dinner is on me. Not a joke.
Thank you for the compliment. It's good when like minds meet. I'd like to take up your offer, but this is the world weird web, and I can't. Boston would be a good place if it was possible.
Happy New Year, Atomizer. No surrender. That's not our way.
Democracy is the rule of monee and guess who controls credit.
Just have faith in the Fed god. It can do all things! Just ask any central crimin... er, I mean central banker!
End the Fed. End the monarchy. Return Israel to its inhabitants of all faiths.
Europe is doomed under the jackboot of international intrigue beyond the imagining or control of its little inhabitants.
Howzat?!
Have a decent job? Prepped? Then not living large is a sin. Superb line-up just announced at Coachella, for crying out loud have some fun ~ http://www.coachella.com
And Emperor Obama is taking us down precisely the same path in the United States.
This emperor (and those preceding) has no clothes. Nor any empire. A straw man.
so, things are looking up?
Ah, the US is the same, except all stats are falsified there.
Upcoming poverty in Germany or Europe?
No way, the party has just started....The government in Berlin has enough financial capacity to bring - since January 1th 2014 - First-Class-Medical-Obamacare AND (!) Social benefits AND (!) child benefits AND basic security for old & young to almost all Romanians, Bulgars, Romani people and Moldovas (just buy a cheap European Passport in Romania, look: http://www.welt.de/politik/deutschland/article123677197/Rumaenien-wird-z...) - a total capacity of 34 million people entitled and invited to come, stay, work and rest in social security-systems in Germany.
As e. g. Romanian workers earn in their homecountry (...if they've a job) just 20% salary of what they get in Germany for free and those cheap workers are welcome to work for a salary at social benefit-level - you can imagine what's going on next....
Complete villages of Romani people move to Berlin - often not able to write or read - but courtesy of public & non-public "Welcome-Centers" to register as self-employed business - e. g. as ironer or laundress: It's not important that you really make a job - just quote 15 or 20 hours monthly to the tax-authority and put your feets up for three month - that's enough to step permanently into the German Social System. You have no home, no rooms? Not important, quoting an adress is enough - e. g. your youth-hostel or your letterbox together with 60 other business in one flat. The authorities don't care and within a couple of weeks as a poor Romani men you make a step from 100 bucks to 2.000 or 3.000 bucks per month - more kids the better it is - if you don't have kids you should borrow some - after register-procedure they are allowed to return home to Romania - nobody will ask you - and complete medical care is - of course - from now on for free. In your home-country you will be the new King.
You don't have money to make the first step and move? Don't worry: Travelling from those countries to Germany has become extremely cheap (50 bucks) and once you reached Germany with the intention to stay your family will get the so called "Welcome-Bonus" of 3.000 bucks and another 700 bucks for expenditures at authorities (...or your smuggler...)...don't forget: You don't know any word in Germany - but doesn"t matter: Even school is free for you.
But the worse you speak German, the better it is: In Job-Center-View you remain difficult to place so nobody will bother you. Take your time, enjoy your free-time or do some black labour for extra-money, send your kids on street for begging or pickpocketing, break in by yourself or send your wife for prostitution as you might were used to all the years before. Or invate your friends or family to register in Germany - perhaps your old mother wants to upgrade substantually her low Romanian pension - quintuple it between 24 hours.
Time has changed in Europe and espacially for the Germans, who are paying for all the mess in Europe - not just in Greece, Portugal, Cyprus or Spain - no - from now on also for the South-Eastern of Europe....
You can imagine how enthusiastic we are...
You want to measure enthusiasm? Look at the voting figures for anti-EU parties in any of the EU states - they are laughable. The ovewrwhelming bulk of the ppulation of the EU votes massively for pro-EU parties.
"The ovewrwhelming bulk of the ppulation of the EU votes massively for pro-EU parties"
You're kidding?
UKIP in Britain : 25%
Front National in France : 25 to 40%
The European elections are going to be a bloodbath and the composition of the next Euro Parliament is going to be a scream!
And, All you have to do is listen to MArine LePen to realize that SHE UNDerstands her future role and potential.
All her current declarations show that her public IMAGE is now being positioned with 2017 in mind; where she will come in as the legitimate daughter of DE GAULLE, not of her neo fascist father.
Just one example : Today, the people's magazine CLOSER will reveal a liasion between current President Hollande and a young film actress (According to media buzz Hollande has not denied it and will claim he has right to personal privacy. The article states that Hollande frequently spends the night at her flat and his bodyguard brings him the croissants for his morning breakfast).
Marine Le Pen has immediately reacted this morning in public, 10 Jan, by saying : THe private lives of Presidents of France should not be delved into by the gutter press. Its none of our business.
Very astute comment. She is not into Hollande bashing; currently media sport and political opposition knee jerks.
She is above the gossip rhetoric as this corresponds to her future presidential potential.
Very clear message to the electors!
TPTB of whatever time in history always do their darndest to hide the truth and try to prolong the agony of the consumer collapse, attempting to squeeze money from a broken middleclass and the poor.
It is so sad that the obvious flaw and problem with capitalism is kept from you and from the intellectual conversation regarding economics. It is always this way but it does not need to be.
If you are aware of the fundamental problem in capitalism then the solutions become clear and doing nothing becomes clearly stupid.
The invisible hand of economics always slits its own wrists. Monopolies and super Trusts always rise to distort the politics and the response by government.
Socialism with private ownership but a progressive tax system is the only system to date that can achieve a balance to the free market economy whereby consumers are granted sufficient buying power to maintain spending to match production. Germany and Sweden seem to be the ideals to look toward.
Sweden has a gigantic housing bubble. Ready to pop
People often forget that there is a big difference between official and actual figures. In countries like Spain, a lot of the youth unemployment disappears when accounting for grey-market jobs. If you have to pay 50% taxes on your salary, taking a grey-market job looks suddenly pretty attractive.
Thank yOU
In europe the kids work at the family biz, its all unreported income, no employees, no income tax free gig, and everybody does it,
in the USA all the ma&pa biz is gone,
In europe and asia almost all biz is ma&pa
I repeat its the USA that is the fucking liar, the fool, and the one that has fucked itself to death.
If Europe is a mess, why is the euro so strong then?
The EURO has caused a lot of problems, but remember its like what not even 20 years old, and before the EURO it was a different europe.
Things take time to find themselves. Growning pain if you will.
The adoption of the EURO destroyed rural GREECE 15+ years ago, your just seeing the pain expand to the savers. When the villages died at the adoption of the EURO kids left the family village to Athens, and now the kids need to return to the villages, ... guess what they will.
Germany was strong before the EURO, Greece was a basket case before the EURO, nothing new,
Italy was fucked before the EURO, italy was a klusterfuck, unless your in the mob, or church
***
Nothing wrong with EURO
The SHIT is 100% in the US, and that's why ZH takes you away from the USA.
I agree about the big difference between Germany and Greece unemployment, that could blow up soon, only when the people can't cope with it anymore. But we Europeans are very nice people and don't riot. I'm a Belgian and we already cope with 50% taxes, bank cash controls, justice, etc... We'll cope with this as well.
"Italy was fucked before the EURO, italy was a klusterfuck, unless you're in the mob, or church"
Not true : before the Euro mess they'd devaluate twice a year and they'd be given a shot of energy. With the common currency they're fucked.
The LIRA are you kidding me? What was it 10,000 LIRA to a dollar or 2,000? I remember having to carry wheel barrels of LIRA to buy a beer :)
***
In Italy we have said forever, you have to have 3 sons, one goes to the mob, one to the church, and the other to business.
The other thing we say is there is only one Tuscany, and people are still going there.
***
Greece is the worst, because of the EURO, but I think the EURO did a lot for Italy, IMHO
***
South of Rome, its just as fucked as its ever been, ... just a nature of the beast.
***
A bad day in the worst part of EUROPE, is still a good day in the best part of the USA, ALL of EUROPE is like DISNEYLAND compared to the USA.
No where in EUROPE will you die in 90 nanoseconds, ... I would say 1/2 of the USA is unsafe for humans,
NO FUCKING comparison
Everywhere in CHINA is safe for humans.
The economic collapse news blog is one of the stupidest sites on the internet,
but now that even the dead know the USD is going to skyrocket, and the DOW to the moon.
The 'experts' at ECN, have tomorow find a NEW GIG. and they only know collaps so its ...
China collapse and/or EUROPE collapse,
Funny I can't ever get anybody on ZH to even define 'collapse' I know what it means, it means zilch, like BTC when it collapse even fonestar will be gone, then you know the bitch is dead.
**
The collapse fuckheads are in a DEEP fuck, I have been writing for months here about how the USD is stronger than fuck, that the FED will print to INFINITY that the MIL has already engineered a COUP.
Now we just wait, wait for Uncle Sam to do something stupid, or wait for another 911, its coming we know this, but it goes unsaid, ... too many innocent people have been murdered.
It's always when sam is the most comfy that he gets bitch slapped.
The EURO is doing fine and the china YUAN is still rock solid.
***
Who gives a fuck about the FAUX paper market's I don't DOW,asian,uk,germany its all fucking paper shit, just like BITCOIN;
MONEY, CASH&GOLD is what matters now.
So wait, and keep your powder DRY, but talk about 'collapse' when you don't even know what it means? For what?
What economic collapse, main stream media says everywhere and everything is recovering lol.
"If you are anxiously awaiting the arrival of the "economic collapse", just open up your eyes and look..."
sounds to me a bit like "listen, choir, I'm gonna preach a bit to you"
add some data from Citigroup analysts (which are bearish on Europe since years), an article from The Telegraph (of AEP, of course) which is based on a mistranslation of a Reuters article with a spin on what the Italian Prez said
add further some european data that scares the shit out of Americans, particularly because they can't place them in context
all I'm missing is the choir chanting "Print, Draghi, print!". the US and the eurozone would be so much more comparable if Draghi and the ECB govs would just print, bitchez
If you are waiting for the Law to Opt Out Of Obamacare, here it is.
http://www.youtube.com/watch?v=dfKMupYPc3c
And...if you are waiting to hear about the ELE in fukushima, forget it.:
http://www.educateinspirechange.org/2014/01/36-signs-media-lying-fukushi...
APPLES & ORANGE and COLLAPSE ASIA/EUROPE versus the USA
***
Folks don't have a clue, but I will explain it for all.
In ASIA and in EUROPE most kids work at the MA&PA shop, and have done so for 500 years, every village and hamlet have the same family selling bread forever.
The familys don't have the kids on the payrolls there is no income, no tax, and no reporting, .. all under the table.
In the USA all MA&PA has been destoryed, 150% GONE
Long ago eveybody in the USA knew the corner HW store, or corner dime shop, or corner drugstore, ...all fucking gone.
In EUROPE & ASIA, nothing is gone.
SO when the GOD damn fuckheads anywhere here or any other MSM talk about un-employed kids, remember that you can't COMPARE NAZI USA to the real world.
You would have to be very stupid to think the EU or the euro is going to fail anytime soon.
"Expect both France and Italy to make major headlines throughout the rest of 2014"
France WILL make the headlnes this year but for political reasons first : Marine Le Pen (the US Ron Paul?) will win all the two elections we have in 2014.
And she'll be the next President in 2017...
Thank god we will have 55 bilion Euro's in 10 years to back te 70 trilion in Deutsche Bank derivates!
looks like an anti-europe troll article and it looks slightly dated...with a strong euro..and booming job figures coming from spain..but europe doesnt give
a fig for greece and spain-those places were always poor they are just reverting to type-its like kentucky or alabama suddenly had a boom then a bust
really- theres high unemloyment in kentucky?
meanwhile the germans are making stuff the world wants like gangbusters!
Me thinks the Tylers have to balance anti-europe and anti-china posts wtih the anti-usa, or the otherwise the advertisers would bolt. Just my professional opinion. for what its worth.
In other words this POST is a fucking filler, for ad-bots to green light and index this site.
GOOGLE will drop you quicker than shit if you get flagged as 'anti-usa', or anti-msm, so I feel for ZH, to have to post this shit so the AD-BOTS think that ZH is mainstream america bullshit.
.
Yes, well we know all that.
On the other hand EU Industrial production is now recovering smartly, European auto sales have been up sequentially for the last four months including 10% last month. Sothern European bond spreads vs Germany have collapsed and the Euro is now starting to weaken vs the dollar giving the economy another boost. Keep being mega bearish and you will be right one day - but not anytime soon. You all missed the 170% rise in the S&P since March 2009 and you will miss the recovery in Europe.
Sold to you.
So as I understand. In EU unemployment is 12% and in US is 15%.
If you look at those numbers than US is even in a deeper shit.
https://www.youtube.com/watch?v=rvwkXxyXUsE