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Europe's Scariest Chart Just Got Scarier-er

Tyler Durden's picture




 

We were the first to note the dire state of youth unemployment in Europe here, and reiterated here, as this terrible social situation just goes from bad to worse this month. Whether youth unemployment is a proxy for sales of PlayStations or for the much more critical likelihood of widespread social unrest and eventually the dissolution of Europe's political compact is unclear but one thing is for sure - Europe's leaders will be watching this chart and quaking as nation after nation breaks to all-time high levels of joblessness for the critical tinder-box of Under-25 year-olds. The Euro-zone youth unemployment rate is back over 22% for the first time since September 1994. With Spain and Greece over 50% (and rising) and Italy now joining Ireland over 35% at the same time as Germany's youth unemployment falls below 8% for the first time since May 1993 - one can only surmise the rising tensions between the haves and the have-nots (even as Germany's PMI disappoints).

For comparison, the US is not exactly sunshine and roses, with 16-17 year-olds back near 30% unemployment and 18-19 year-olds back over 22% - even as 20-22 year-olds improve gradually.

Charts: Bloomberg

 

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Wed, 05/02/2012 - 09:38 | 2390906 pods
pods's picture

So many young people, so little to do.  

Toss in a cable and internet outage and things get ugly real quick.

Wed, 05/02/2012 - 09:42 | 2390919 Dan The Man
Dan The Man's picture

you mean amerika?  not much to do there either

Wed, 05/02/2012 - 09:43 | 2390921 MillionDollarBonus_
MillionDollarBonus_'s picture

I believe that President Van Rompuy is setting himself up as a prime candidate for the Nobel Peace Prize. President Sarkozy correctly warned that a failure of the Euro will inevitably lead to war between the formerly unified nation states and President Rompuy is literally saving MILLIONS of lives by holding the Euro currency together. I hope that his courage does not go unrewarded and that we can find it in ourselves to put aside social prejudice and thank global leaders for their courageous work.

Wed, 05/02/2012 - 09:55 | 2390939 GetZeeGold
GetZeeGold's picture

 

 

I got my Nobel Peace Prize in the mail just last week.....it was an awesome feeling.

 

Wed, 05/02/2012 - 09:59 | 2390981 Red Raspberry
Red Raspberry's picture

Wasn't it a two for one offer?  As seen on TV?

Wed, 05/02/2012 - 10:56 | 2391181 Paul Atreides
Paul Atreides's picture

I ordered 10 for 99 cents and now they will not stop sending them to me...AND they keep charging my credit card!

Wed, 05/02/2012 - 11:07 | 2391219 Charles Wilson
Charles Wilson's picture

Fortunately it's not actually...ummm...your card.

Won't mommy be surprised, what with dad in prison for tax evasion and all.

Oh, well.  Just another day in the FEMA Camp.

 

CW

Wed, 05/02/2012 - 09:47 | 2390940 Canucklehead
Canucklehead's picture

I agree with you on your point. 

What I don't understand is why Europe won't publish the unemployment rate for the 8-14 year old demographic?  Is it good news on the child labor front or are there massive unemployment numbers that will greatly affect investor sentiment?

Wed, 05/02/2012 - 09:54 | 2390964 GMadScientist
GMadScientist's picture

I laughed.

 

Wed, 05/02/2012 - 09:56 | 2390973 LongSoupLine
LongSoupLine's picture

MDB,

I just soiled myself.  Now that's the funny shit I love to see out of you.  Made my morning.

Wed, 05/02/2012 - 09:58 | 2390975 francis_sawyer
francis_sawyer's picture

 "a failure of the Euro will inevitably lead to war between the formerly unified nation states"

~~~

I guess Game Fly accidentally sent you 'The Sims' instead of 'Age of Empires'...

Wed, 05/02/2012 - 10:12 | 2391008 edotabin
edotabin's picture

Yeah ... .Just like "If you don't join the Euro, you will all die of startvation in 1 year!"

Wed, 05/02/2012 - 10:15 | 2391023 theTribster
theTribster's picture

U obviously forgot the [sarc] tag. I think van rompoy will get what he deserves - Nigel Farage will see to that. Remember Mussolini...

Wed, 05/02/2012 - 12:27 | 2391454 laozi
laozi's picture

It's no fun with a sarc tag. it does not make you think. 

Wed, 05/02/2012 - 10:18 | 2391032 The Beam
The Beam's picture

Wow, that's like saying we should give the Peace Prize to a sitting President who hadn't done anything yet and ended up causing more war AFTER winning the Peace Prize.

That willl NEVER happen. Pfft! What fairy tail are you watching?

*insert picture of Obama here*

Oh...wait it has happened?

Well I guess anybody can win it then. I guess I could actually foresee it!

Wed, 05/02/2012 - 10:44 | 2391133 Troncom
Troncom's picture

Yes get Europe's youth unemployment down by getting them all to kill each other

Wed, 05/02/2012 - 16:15 | 2392055 _ConanTheLibert...
_ConanTheLibertarian_'s picture

President? You mean unelected pedophile clown.

Thu, 05/03/2012 - 07:48 | 2393272 MeelionDollerBogus
MeelionDollerBogus's picture

Anything other than dissolution of the Eurozone will mean civil war and mass murder across the European countries.

It's that simple. Romania & Greece show it for what it is. Italy isn't far behind. We'll see about Spain & Portugal but Spain & Ireland have already been hit with massive protests... so what do you think is next?

I think it's executions.

Rompuy is a petty dictator fit for the gallows only.

Wed, 05/02/2012 - 09:46 | 2390938 fightthepower
fightthepower's picture

Revolution bitches!

Wed, 05/02/2012 - 10:05 | 2390997 Gordon Freeman
Gordon Freeman's picture

Yeah, right.  Have you ever been to Europe?  The idea of their "unemployed youth" being any sort of "social threat" is risible.  Despite their protestations, the governments over there keep them well supplied with shelter, food, and vice.

No, I don't think any wars or "revolutions" are in the offing anytime soon...

Wed, 05/02/2012 - 09:48 | 2390944 Eireann go Brach
Eireann go Brach's picture

According to the Greeks, the Young Germans have a low unemployment rate because they are all in Hitlar training camps and this counts as employment!

Fri, 05/04/2012 - 03:13 | 2395989 Bag Of Meat
Bag Of Meat's picture

No we think it's because they take their time making retarded comments.

Wed, 05/02/2012 - 09:39 | 2390907 Aziz
Aziz's picture

Malaise!

Wed, 05/02/2012 - 09:39 | 2390910 LawsofPhysics
LawsofPhysics's picture

The've got the guns, but we've got the numbers?  I see a great opportunity for today's youth in providing "security" to some retirees.  LOL.

Wed, 05/02/2012 - 09:41 | 2390914 astoriajoe
astoriajoe's picture

now might be an opportune time to legalize cannabis there.

Wed, 05/02/2012 - 09:43 | 2390926 Dan The Man
Dan The Man's picture

has anyone done the math on potential revenues from marijuana taxation?

Wed, 05/02/2012 - 09:52 | 2390959 kridkrid
kridkrid's picture

I'll get right on that, sometime this week... Maybe next.

Wed, 05/02/2012 - 09:59 | 2390978 WillyGroper
WillyGroper's picture

Deficit resolved in 2 days. Long chips & chocolate.

Wed, 05/02/2012 - 10:15 | 2391025 Manthong
Manthong's picture

They will never legalize it.

The "War on Drugs" is way too important to legitimizing the police state and controlling currency.

 

Wed, 05/02/2012 - 10:31 | 2391083 astoriajoe
astoriajoe's picture

perhaps, but it may do wonders to pacify a young, angry mob.

Wed, 05/02/2012 - 11:11 | 2391228 Anton LaVey
Anton LaVey's picture

Spain and Holland have legalized it.

A lot of countrues in the E.U. actually turn a blind eye to consumption, as long as the quantities in possession of an individual are small.

So: couple of reefers = OK. Couple of pounds in your backpack = NOT OK.

Make of that what you will.

Wed, 05/02/2012 - 12:11 | 2391409 kridkrid
kridkrid's picture

I can make a broach, a taradactal...

Wed, 05/02/2012 - 12:32 | 2391471 laozi
laozi's picture

I was in the London the day it was legalized for "personal usage". Strange smells from many windows.  

Wed, 05/02/2012 - 09:42 | 2390916 Cognitive Dissonance
Cognitive Dissonance's picture

"Europe's Scariest Chart Just Got Scarier-er"

Lions and Tigers and Bears. Oh my!

Wed, 05/02/2012 - 09:55 | 2390965 GMadScientist
GMadScientist's picture

Bulls, and Bears, and Whales, Oh Shit!

 

Wed, 05/02/2012 - 10:42 | 2391124 matt_chart
matt_chart's picture

So True. Once a trend begins it can be difficult to reverse it, and these trends are saying SKYROCKETING UNEMPLOYEMNT!

 

Understanding Trends

http://stocklegends.com/technical-trading/understanding-trends/

Wed, 05/02/2012 - 09:41 | 2390917 francis_sawyer
francis_sawyer's picture

Hand each one of them an uzi and the chart would get better real fast...

Wed, 05/02/2012 - 09:42 | 2390920 Dan The Man
Dan The Man's picture

nice!

Wed, 05/02/2012 - 09:45 | 2390932 Temporalist
Temporalist's picture

Now that's a jobs plan Obama and Mitt can get behind...because they'd never stand in front of a mob that has Uzis.

Wed, 05/02/2012 - 09:52 | 2390961 francis_sawyer
francis_sawyer's picture

Yet another complicated problem solved with simple deductive reasoning...

Wed, 05/02/2012 - 10:00 | 2390980 i_fly_me
i_fly_me's picture

99% of them, upon failing to find a way to plug said uzi into their Wii, would try to sell it.  This would cause the price of uzis to crash to their scrap metal value and I might finally be convinced to add a couple to the collection.

Wed, 05/02/2012 - 10:07 | 2391001 Gordon Freeman
Gordon Freeman's picture

They's just shoot themselves in the feet.  Think of the additional medical bills!  

Wed, 05/02/2012 - 09:43 | 2390925 Temporalist
Temporalist's picture

No need to work when the central banks are giving away so much free money right? 

Wed, 05/02/2012 - 09:43 | 2390928 Killtruck
Killtruck's picture

Paging Dr. Kalashnikov, Dr. Kalashnikov to Eurozone.

Wed, 05/02/2012 - 10:03 | 2390993 Curtis LeMay
Curtis LeMay's picture

Too Red, guys.

The Colonials/Brits have the patent on Revolution, eh?

I just want the piano wire concession in euroland...

Wed, 05/02/2012 - 09:44 | 2390930 NetDamage
NetDamage's picture

Are many of these young people actually unemployed or are they "working" from their Ipad, surfing the internet for recipes on explosives?

Wed, 05/02/2012 - 09:46 | 2390937 YuropeanImbecille
YuropeanImbecille's picture

no, they are out raping and robbing people and calling it Jihad.

 

http://www.youtube.com/watch?v=n1B7m--1kWI

Wed, 05/02/2012 - 10:14 | 2391017 LFMayor
LFMayor's picture

Oh, they're out there nosing around all right.  Buying up the "anarchist cookbook" (total shit info, for those of you tempted to try it, I bought it at a local gunshow when I was 14) and using craigs list to hunt up C4. 

For all of you pinning your hopes on the "youth",  just look to that set of hydrocephalic morons from Cleveland in the news yesterday and you'll see the apex realized.  That's the best your are going to get.  That represents the sum total of any who can at the very least be moved to independent thinking and action.

When this thing starts, the curtain is going to get pulled back and the left exposed for the muddling, theorizing, incapable of action pack of do-nothings that they are.  Their great armies of 300 pound lard ass SEIU members, rabid 85-IQ inner city futureless gang bangers  and 120 lb. street theater activists are going to momentarily flutter like rags in the wind, then lay around stinking like that cum towel you find on Tuesday under the bed after a wild weekend.

All this, at least here in the USA, where we have all sorts of gats n shit.   Europe, well I worry about them, especially since any bloodlines that had real pep in them got noticeably thinned about 60 years ago.  I hope they surprise and prove me wrong.

Wed, 05/02/2012 - 10:25 | 2391060 CharlieSDT
CharlieSDT's picture

That Cleveland thing was another horseshit "foiled terrorist plot" with all ideas and fake bombs provided by the national security forces.  They do this all the time now.

Wed, 05/02/2012 - 09:44 | 2390931 Manthong
Manthong's picture

It's going to be a hot summer in more ways than one.

Wed, 05/02/2012 - 09:45 | 2390933 YuropeanImbecille
YuropeanImbecille's picture

As I have written in numerous post the question is who are these unemployed youths?

 

Let's take Sweden  once again as an example, sweden has roughly 30% of it's youth with roots outside sweden (mainly Africa and Arab countries) and today about 25% unemployment in this group.

Or why not let Thilo Sarrazine from Germany explain it once again:

"Integration requires effort from those that are to be integrated. I will not show respect for anyone that is not making that effort. I do not have to acknowledge anyone who lives by welfare, denies the legitimacy of the very state that provides that welfare, refuses to care for the education of his children and constantly produces new little headscarf-girls. This holds true for 70 percent of the Turkish and 90 percent of the Arab population in Berlin."

 

So once again, no one gives a fuck about these assholes who only abuse the idiot marxist system.

Look for trouble when productive people are affected.

I know the situation is different in the UK, but seriously who gives a fuck abou them? They have never been part of european culture.

 

 

So if this is the "horror" we should fear, there is nothing to fear but fear itself :)

Wed, 05/02/2012 - 09:49 | 2390946 Killtruck
Killtruck's picture

Hmmm...I have decided that I like you.

Wed, 05/02/2012 - 10:00 | 2390982 Manthong
Manthong's picture

The goal of the immigrants never was integration.

It has been enclaves, subversion and conquest  from the git-go.

http://www.brookings.edu/opinions/2003/03middleeast_taspinar.aspx

Wed, 05/02/2012 - 10:37 | 2391107 Acet
Acet's picture

There is more than one kind of emigrant.

The problem are the ignorant peasents brought-in by the truckload from out of the way vilages in backwards corners of the world. They have huge trouble integrating into a completely different culture (if they try at all) and when in large enough numbers they tend to end up clumped together in segregated neighbourhoods.

Frankly, as a an imigrant myself, my point of view is that I'm the guest here and am supposed to at least respect the culture of the locals.

 

 

Wed, 05/02/2012 - 09:54 | 2390963 mspgrandi
mspgrandi's picture

Breivik is it you?

Wed, 05/02/2012 - 10:21 | 2391044 LFMayor
LFMayor's picture

Let's weigh Breivik against the cream of the Cleaveland Occupy movement. 

Both had conviction, dedication and the will to plan and act.  One got results.  

Are you simply biased becasue Breivik did "bad" things?  Because the MSM told you they were?  
Violence isn't the answer?

Show me a point in history where change occured and there was no violence applied. 

What you got?  "Hands Across America".   The great Tea Party revolution that got how many elected?  "Rock the Vote".

I state that only through violence will there be real change.  If you're not capable of one, you're not ready for the other.

Wed, 05/02/2012 - 11:15 | 2391236 Anton LaVey
Anton LaVey's picture

And you, sir, are definitely a total bag o'nuts.

Seriously, though, Tyler, I thought that sort of comment was a no-no on good ol'ZeroHedge?

Wed, 05/02/2012 - 11:41 | 2391314 LFMayor
LFMayor's picture

That's perhaps the most delicious irony i've ever fucking witnessed.

Tell me you forgot a sarc tag, right?

Otherwise, you're some jackoff with a non de blog of an avowed "satanist" who's offended by talk of violence?

Mother fucker, go Get yourself some Help.  More and more I'm finding i wish this Fight Club thing was real, because theraputic beatings are needed.

Wed, 05/02/2012 - 12:18 | 2391424 Teddy Turner
Teddy Turner's picture

Ghandi bitch!

Wed, 05/02/2012 - 09:59 | 2390977 GMadScientist
GMadScientist's picture

"Unemployed" doesn't mean not working under the table for scraps supporting the small businesses of Europe or <gasp> engaging in other 'underground commerce'.

You've done inventory audits on how much rock they sling outside the, how shall we say, 'quantified' economy?

Nice car...pity about the fire. ;)

 

 

Wed, 05/02/2012 - 10:17 | 2391030 ThirdWorldDude
ThirdWorldDude's picture

-1 on Sweden. The Gov. declared a failure of it's own migration policy 2 or 3 years ago! While on one side the coutry is desperate for workforce as the "babyboomers" are retiring, on the other hand they don't do more for the newcomers than tossing them in a ghetto suburb where no swede wants to live... 

 

Or why not let Thomas Huddlestone of MIPEX explain it again :

 

Sweden, like many states, faces daunting challenges to make equality a reality. Few European countries are as far as traditional immigration countries on an effective implementation, enforcement and evidence-based approach for integration or anti-discrimination. The bar for success for immigrants is comparatively high in Sweden, a society enjoying some of the highest standards of living and levels of development, educational attainment, competitiveness, and active citizenship. The Swedish welfare state comes with its own set of obstacles for “outsiders,” including high levels of employment protection for “insiders”, little appreciation of foreign qualifications or work experiencediscrimination during the job-hunt, closed-off political partiespoor results for students from poor non-Swedish-speaking families. Immigrants also have very different starting points.  Sweden has its fair share of humanitarian migrants and legal respect for all families, including foreigners.

 

 

Much like yourself getting dropped into a rainforest and being told to survive, it depends on one's own adaptability and survival skills. And it doesn't get any better with the rise of the brownshirts, as the ship slowly sinks...

Wed, 05/02/2012 - 10:42 | 2391126 Blue Horshoe Lo...
Blue Horshoe Loves Annacott Steel's picture

Excellent.   Most people think immigrants should just give up all their culture & "fit in".  As if it's as easy as waving a wand...

Wed, 05/02/2012 - 11:47 | 2391340 LFMayor
LFMayor's picture

Piss on those people.  If their goddamn homeland was so wonderful, why didn't they stay there?  Why didn't they work to make it better?  If we wanted their delightful "culture", we'd start implementing it our damn selves.

instead, we have assholes like you telling us we have to understand and support sick shit like
not eating pork, using one sheet of toliet paper, men sucking dicks, kwanza and other make believe heritages, clitorectomies and no suffrage for women.

Keep pushing. 

Wed, 05/02/2012 - 10:34 | 2391095 Blue Horshoe Lo...
Blue Horshoe Loves Annacott Steel's picture

"Integration requires effort from those that are to be integrated. I will not show respect for anyone that is not making that effort. I do not have to acknowledge anyone who lives by welfare, denies the legitimacy of the very state that provides that welfare, refuses to care for the education of his children and constantly produces new little..."

Uh, not only does this sound like the politician parasites, but the politician parasites created this situation.  The people of a country continue it by voting for incumbents the majority of the time. Your blame for the root cause is misplaced.

No wonder U call yourself imbecile.  Fucktard would be more appropriate.

Wed, 05/02/2012 - 11:24 | 2391266 ThirdWorldDude
ThirdWorldDude's picture

He sounds very much like the Hungarian French midget blowing the radical right...

 

That's the beauty (or curse) of modern-day society - you can tell whatever you want without getting your ass linched.

Wed, 05/02/2012 - 10:59 | 2391171 rbg81
rbg81's picture

It will  be interesting to see how this unsustainable situation shakes out in 100 years.  I doubt it will be pretty.  Either the new (Islamic) immigrants will have supplanted the native European culture or there will be be a purge of the newcomers.  Either way, it will mean a bloodbath.  My $$ is on the natives if they ever jettison political correctness--otherwise, the Islamists have the edge.  The ironic thing is that the Europeans are paying these immigrants to come and take advantage of them and forment eventual civil war.  This policy is an example of epic, suicidal stupidity on behalf of a civilization that should have known better. And we're not that far behind.

Wed, 05/02/2012 - 09:48 | 2390942 CashCowEquity
CashCowEquity's picture

<-------Employ This.

Wed, 05/02/2012 - 09:48 | 2390945 dwdollar
dwdollar's picture

unemployed young * food shortage = war

Better hope that food shortage remains zero.

Wed, 05/02/2012 - 09:51 | 2390953 asteroids
asteroids's picture

Charts like this effectively spell a lower standard of living for their generation. But, that's not all. Folks retiring at about the time they hit their 30's will also experience a lower standard of living due to lousy tax base. I now see two generations living in poverty. I hope the Central Bankers are proud of themselves.

Wed, 05/02/2012 - 10:28 | 2391072 GlobalCtzn
GlobalCtzn's picture

The CB bastards are very proud, fucking giddy I would imagine...............

Wed, 05/02/2012 - 09:56 | 2390957 DaveyJones
DaveyJones's picture

Here in Seattle, it's all "the young anarchists'" fault         Never knew the young anarchists had more power than the aging criminal fascists   Maybe if we charge even more for colLege, that'll fix things

Wed, 05/02/2012 - 10:25 | 2391058 The Beam
The Beam's picture

*begin sarcasm* I heard from a mobster (Joey the Gunner) that if you point a gun at an Anarchist, they change their opinion quite quickly and want "rules".

What kind unwavering believe is that? *end sarcasm*

Wed, 05/02/2012 - 11:23 | 2391258 Nukular Freedum
Nukular Freedum's picture

If someone points a gun at someone you no longer have anarchy anymore, you have a ruler. Anarchy ceases at that point, by definition.

Now because I like you all Im going to give you a link that may help you understand the concept a lot better;

http://www.caseyresearch.com/cwc/doug-casey-anarchy

Thu, 05/03/2012 - 09:58 | 2393564 The Beam
The Beam's picture

First, SOMEBODY LIKES ME. My mission in life is complete. :-)

Second, because I like you, I also have a link... http://www.merriam-webster.com/dictionary/anarchy

Now I figure you are going with the 2nd definition of anarchy. But even then I would argue the person is not an authority. The person is just shooting. My example is to show they would want order at that time, some reason to prevent the person from pulling the trigger (ie: the rule of law and authority).

Just my 1 cent (I am not even good enough for TWO CENTS)

Wed, 05/02/2012 - 09:52 | 2390960 Milton Waddams
Milton Waddams's picture

It's going to take a decade or even longer to reintroduce these youths into the slaverpool. Time to ratchet down long term growth potential.

Wed, 05/02/2012 - 10:00 | 2390979 Mary Wilbur
Mary Wilbur's picture

That the failure of the Euro would "inevitably lead to war between the formerly unified nation states" is the most ridiculous and irresponsible thing I have ever heard. What exactly would a war expect to solve or gain for anyone? It doesn't make any sense to me. What the failure of the European Union would be to return sovereignty to the various nation states and therefore increase the power of democracy to them and destroy the power of the Brussels bureaucrats. The European countries have very little in common with each other. Their differences should be recognized and respected.

Wed, 05/02/2012 - 10:07 | 2391000 Dr. Engali
Dr. Engali's picture

. "What exactly would a war expect to solve or gain for anyone?"

We ask that question all the time , yet those in power always seem to find a reason. Sometimes it's for natural resources. Sometimes it's for a distraction. In our case it's for both.

Wed, 05/02/2012 - 10:19 | 2391033 Stackers
Stackers's picture

It's about dominance. that's all the Euro was about, thats all the wars are about. It's about power over other people because they know best. this is a very hard concept for non-psychopaths to grasp because we dont sit around all day every day trying to figure out ways to run other peoples lives. it's not idiology or economics. its about power.

Wed, 05/02/2012 - 10:24 | 2391055 ThirdWorldDude
ThirdWorldDude's picture

Wars deliver profits to those who finance them

Wed, 05/02/2012 - 10:01 | 2390983 buzzsaw99
buzzsaw99's picture

The ptb don't care one whit about the utes.

Wed, 05/02/2012 - 10:03 | 2390990 orangegeek
orangegeek's picture

And the Euro holds instead of tanking.  When the Euro tanks, we should see the USD take off.

 

http://bullandbearmash.com/index/usd/daily/

Wed, 05/02/2012 - 10:04 | 2390992 carbonmutant
carbonmutant's picture

Stealing seems to be a major occupation among the unemployed in Portland...

Wed, 05/02/2012 - 10:28 | 2391076 Blue Horshoe Lo...
Blue Horshoe Loves Annacott Steel's picture

& in DC & on Wall Street.  Why are people so up in arms when someone @ the bottom of the economic totem pole robs a grocery store, but they'll make excuses for taxes, inflation, tolls (all theft because U have no opt-out) & outright corruption from officials & the financial elite who've bankrupted the world's greatest economic powerhouse.

Wed, 05/02/2012 - 10:05 | 2390996 Teddy Turner
Teddy Turner's picture

What youth unemployment does to the mind.

http://www.youtube.com/watch?v=UOg7zOGbjpc

Wed, 05/02/2012 - 10:26 | 2391059 Blue Horshoe Lo...
Blue Horshoe Loves Annacott Steel's picture

& U really trust government numbers?  They're all probably 1.5x to 2x what these idiots'll admit.

Never believe the government...

Wed, 05/02/2012 - 10:29 | 2391080 ZackAttack
ZackAttack's picture

So, tell me how GenY and Millennial savings and earnings are going to be anything *like* enough to support the current valuations of Boomer assets.

This is first and foremost a demographic crisis, intersecting with natural resource limits. It is probably not coincidental that the EU as a whole has fallen to 0.4% average annual population growth over the last decade.

Wed, 05/02/2012 - 10:31 | 2391085 theTribster
theTribster's picture

A world war is coming, it is the only way to deal with unemployment, period. A WW would solve the youth unemployment problem in a hurry and also alleviate the threat of riots. War vs riots, good trade off?
If anyone thinks this will all be resolved without a MAJOR world war is naive, this is the way it works throughout history. Every country will then get a bogeyman to blame it on, this is in addition to immigrants.
Germany will likely be blamed by the southern countries while the northerners continue to call them bums. Terrible shit, really terrible in just 10 years!
WAR is a solution to several of these problems, debt, unemployment, rising hatred, distrust, etc. we've already started to blame the Europeans here in the US even though we are the primary cause of the economic problems worldwide.
Where is the best place to be? A cave deep in the Himalayas probably or maybe the Space Station....

Wed, 05/02/2012 - 11:18 | 2391244 writingsonthewall
writingsonthewall's picture

The day THEY declare war - I delcare war on THEM.

No country has been able to fight a successful campaign with a disobedient population back home - see Vietnam for details.

Wed, 05/02/2012 - 13:04 | 2391570 viahj
viahj's picture

i'd give you a +1 but THEY won't "declare" war in the legal sense.  WWII

Wed, 05/02/2012 - 10:35 | 2391098 YesWeKahn
YesWeKahn's picture

when people have no job, they make kids who don't have job either, goto beginning of the statement.

Wed, 05/02/2012 - 10:54 | 2391176 Blue Horshoe Lo...
Blue Horshoe Loves Annacott Steel's picture

A "Vicious Circle of Unemployment".   Soon to morph into a rioting, revolution-causing...

Wed, 05/02/2012 - 10:49 | 2391151 LFMayor
LFMayor's picture

I heard this little bit coming into work today, going from mem so it's not verbatim but approximate.   In 1912 the average Am. farmer fed 20 people.   Presently, they each feed 50.   In order to stay on par with charted population growth curve,  they'll have to double that in the next 10 years.   Or as it was put, increase efficiency as much as it has been increased in the last 5000 years, again.

So I tossed it back and forth a bit.  Mechanization and ag/pertol/chem have reduced the number of farmers and also increased the acreage that they're capapble of tending. 

The kicker is the population growth/productivity relationship...  famine is coming people, and with it the other 3 horsemen.

Wed, 05/02/2012 - 13:08 | 2391577 viahj
viahj's picture

don't discount the very real strain of diminishing clean water is already placing upon the current population.  now add 3b more people into the mix (and most of these will be in areas where the water issue is already critical..China and India). 

Wed, 05/02/2012 - 10:50 | 2391152 LFMayor
LFMayor's picture

dammit

Wed, 05/02/2012 - 10:53 | 2391173 gatorengineer
gatorengineer's picture

As long as they keep printing this wont be a problem.  What has the unemployment rate been amongst black teens for the last 10 years.  Keep the presses running for Peace....  Cut off the welfare, then you will have a problem..... Simple as that..... 

 

 

Wed, 05/02/2012 - 10:56 | 2391179 LFMayor
LFMayor's picture

until popeyes runs out of chicken to buy with that magic card. 

then it's party time.

Wed, 05/02/2012 - 10:56 | 2391178 marcusfenix
marcusfenix's picture

the problem doesn't stop with unemployment, most who do find work end up in the minimum wage to $10 per hour retail or low end "professional" variety complete with the complementary glass ceiling, no raises and next to zero opportunity for advancement.

when you are older and jaded like myself, grinding out a meager existence is not as big of a deal, but for the younger generation it's different especially since many have been filled with lies, propaganda and hype about how they will earn " 1 million more over their lifetime if they attend college" and the like only to find out when they hit the real world that claim is largely bullshit. but they do get to start adulthood carrying a rather large debt load around with them. those that don't attend college carry a socially engineered stigma of lower expectations right from the start, many higher wage or salaried positions will never be available to them because they didn't go 100k or more in the hole to get that piece of paper that promises to be the golden ticket to upward mobility, but in fact delivers nothing of the sort. 

so when that student loan, higher education is the ticket to a better future (TM) bubble does pop and the younger crowd realizes the full extent of how they have been duped and turned into debt slaves and those who did not go realize that they are being held down for the advancement of one giant ponzi, well maybe then they will start occupying and protesting en mass.

maybe then we will see the bankster police state in it's full, tear gas, body armor, microwave gun,"non lethal" , boot stomping your face glory, then maybe us older jaded, angry folks will also finally decide to gather together en mass, but somehow, when that day comes I don't think we will be bringing sings with catchy slogans to the streets.  

Wed, 05/02/2012 - 11:11 | 2391190 Sandmann
Sandmann's picture

Cometh the hour, cometh the man

These are the Reserve Army of The Unemployed.......when He arrives that man that will harness them into his New Army, a new Fascist Age will be born where ACTION becomes the Zeitgeist.

http://www.historyguide.org/europe/duce.html

Fascism was not given out to the wet nurse of a doctrine elaborated beforehand round a table: it was born of the need for action; it was not a party, but in its first two years it was a movement against all parties. The name which I gave to the organization defined its characteristics.

 

6. Do not ever say "The Government will pay . . . " because it is you who pay; and the Government is that which you willed to have, and for which you put on a uniform.


Wed, 05/02/2012 - 11:14 | 2391235 jomama
jomama's picture

another day, another PM beatdown.

are we there yet?

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