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May-Day, May-Day: Houston, We Have Global Unemployment

Tyler Durden's picture




 

While it might have slipped your notice, today was a holiday in most of the world as it celebrates May-Day. In Europe, The Economist notes, this day typically 'belongs' to 'international workers' of the world, and has been associated with left-wing anti-government protest. This year even more so as extreme political parties are on the rise and austerity seems to have no end in sight - but most of all because of the broad-based high-levels of unemployment. Outside of Greece (and perhaps the UK), violent confrontations have so far been rare in the wake of the financial crisis but tensions are mounting (notably in Spain) and as the following graphic shows - with Spain now the 12th nation in Europe to fall into recession - the dramatically bad changes in unemployment and GDP since the crisis began (especially among the youth) suggest more angst is to come as the political compact is pushed to its limits.

Chart: The Economist

 

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Tue, 05/01/2012 - 15:38 | 2389055 NewThor
NewThor's picture

When the poor begin to use violence as a currency, they will win more class warfare battles.

I'm not promoting violence, but soon it might be their only option.

Tue, 05/01/2012 - 15:40 | 2389073 WatchingIgnorance
WatchingIgnorance's picture

I tell my coworkers all the time: "Never underestimate the desperation of a hungry person, especially a hungry person that had his benefits taken away when the well went dry."

Of course, being in the US, the best I get is a blank stare.

Tue, 05/01/2012 - 15:42 | 2389076 NewThor
NewThor's picture

A man without hope is a man without fear.

Tue, 05/01/2012 - 15:44 | 2389087 Sudden Debt
Sudden Debt's picture

Nothing to lose, everything to gain

Tue, 05/01/2012 - 15:55 | 2389112 Eeyores Enigma
Eeyores Enigma's picture

One in your hand beats two in her bush...or is it the other way around?

Tue, 05/01/2012 - 16:15 | 2389200 francis_sawyer
francis_sawyer's picture

It's always 'Bush's' fault... That's why all the chicks shave their pussies nowadays...

Tue, 05/01/2012 - 17:12 | 2389407 eaglefalcon
eaglefalcon's picture

Bush is what Texans call the old man. "shrub" for the younger one

Tue, 05/01/2012 - 18:12 | 2389508 SemperFord
SemperFord's picture

If it's not, I walk away and say, "This ain't the 70's, call me back when it's smooth"!!!

Tue, 05/01/2012 - 22:36 | 2390041 jeff montanye
jeff montanye's picture

i'm sure you do.

Tue, 05/01/2012 - 17:41 | 2389442 Woodyg
Woodyg's picture

the well wouldn't be dry if the bankster scum didn't steal anything not nailed down - and then used the $ to buy off the politician/kleptocrats.....

burnin and lootin soon to come!

a hungry mob is an angry mob....

Babylon system is the vampire,
Suckin' the children day by day,
Me say: de Babylon system is the vampire, falling empire,
Suckin' the blood of the sufferers,

Tue, 05/01/2012 - 23:19 | 2390152 WallowaMountainMan
WallowaMountainMan's picture

"When the poor begin to use violence as a currency, they will win more class warfare battles."

 

tell that to ghandi

Wed, 05/02/2012 - 10:05 | 2390995 Andre
Andre's picture

Uhmmm. Nehru?

People seem to have a hard time remembering him for some reason.

Tue, 05/01/2012 - 15:37 | 2389057 machinegear
machinegear's picture

Idle hands do the Devil's work...

Tue, 05/01/2012 - 15:39 | 2389068 NewThor
NewThor's picture

...and so do the Federal Reserve, JPmorganchase and Goldman Sachs.

Tue, 05/01/2012 - 16:49 | 2389302 noses
noses's picture

You don't have to be idle if you put your hands below the table...

Tue, 05/01/2012 - 15:43 | 2389081 EscapeKey
EscapeKey's picture

... the result of elected politicians blatantly representing the banks and not the populace.

Tue, 05/01/2012 - 17:50 | 2389470 Woodyg
Woodyg's picture

one thing about sociopaths is there is NEVER enough for their depravity.....  they'd gladly sell their grandmothers for an extra nickles worth of profit.....

they'll blithely crash the world economy for the last $20 in my wallet..... even if it costs them more in the long run.....

thgey're sociopaths -  it's the only way they know...

funny they bitch about taxes but historically Taxes are the easiest way out - 

during the Revolutionary War we tarred and feathered them(see John Adams HBO)http://youtu.be/hFWZ925zK0A

the french invented a nifty new toy to use on them(guillotine)

the ruskies lined them up and shot them(men, women and children)

the allied forces at the end of WW2 hung them from the nearest lightposts - http://www.custermen.com/ItalyWW2/ILDUCE/Mussolini.htm

and FDR and Eisenhower taxed them at up to 90%....

the choice is theirs up to a point -  after a certain point after pushing us too far We the PEOPLE will choose one of the 1st options...

 

Tue, 05/01/2012 - 15:38 | 2389061 GeneMarchbanks
GeneMarchbanks's picture

'This year even more so as extreme political parties are on the rise and austerity seems to have no end in sight - but most of all because of the broad-based high-levels of unemployment.'

Where? Unless you mean the technocrats?

Tue, 05/01/2012 - 15:55 | 2389121 NewThor
NewThor's picture

More global easing and more (GS) Technocrats is their plan.

Tue, 05/01/2012 - 16:16 | 2389202 NotApplicable
NotApplicable's picture

Next up: Goldman's O'Neill tipped to join Bank governor race.

http://www.independent.co.uk/news/business/news/goldmans-oneill-tipped-t...

So, did Simon say a Tip O'Neill joke? Or did the git get lucky?

Tue, 05/01/2012 - 15:38 | 2389062 b_thunder
b_thunder's picture

Deutsche Uber Alles!

 

Tue, 05/01/2012 - 16:50 | 2389309 noses
noses's picture

*ROTFL* And this coming from the former Land of The Free that has become a self-made concentration camp.

Tue, 05/01/2012 - 15:39 | 2389066 penexpers
penexpers's picture

Seriously, fuck this chart...

U.S.: 8.5%?

More like 23.5%

Why do we still play along with these statistical fucking gimmicks?

Tue, 05/01/2012 - 15:42 | 2389080 Sudden Debt
Sudden Debt's picture

Because else the foodstamp graphic wouldn't make any sense anymore.

Tue, 05/01/2012 - 16:07 | 2389173 Doubleguns
Doubleguns's picture

Drop statistical and its better.

Tue, 05/01/2012 - 15:40 | 2389071 timbo_em
Tue, 05/01/2012 - 15:42 | 2389075 Sudden Debt
Sudden Debt's picture

Clearly we need a new way to draw statistics...
Green we need more green...

Tue, 05/01/2012 - 15:43 | 2389077 Let The Wurlitz...
Let The Wurlitzer Play's picture

We are having a rally in the global unemployment numbers.

 

Tue, 05/01/2012 - 15:43 | 2389082 Sudden Debt
Sudden Debt's picture

SURPRISE ON THE UPSIDE!

Tue, 05/01/2012 - 15:46 | 2389094 Dr. Richard Head
Dr. Richard Head's picture

Bull markets EVERYWHERE.  Global banking is winning. Carry on.

Tue, 05/01/2012 - 15:56 | 2389130 NewThor
NewThor's picture

Rampant unemployment drives down benefits and wages while driving up corporate profits, so yes, this is BULLISH for the Beast aka 'The Markets'.

Tue, 05/01/2012 - 15:57 | 2389118 Benjamin Glutton
Benjamin Glutton's picture

Spain's unemployment will be solved by counting our votes.

 

Do you know who is going to be counting the votes on Election Day 2012?  Most Americans never even think about this.  Most Americans just assume that their votes will count and that the government will ensure that the counting process is done honestly and fairly.  But is this really the case?  Sadly, the vast majority of people never take the time to "look behind the curtain" to see how things really work.  If they did, they might find themselves extremely upset about what they would find.  The integrity of our voting process is of the utmost importance.  If we do not have the ballot box, then what avenues for changing our government do we have left?  Unfortunately, the integrity of our elections has been called into question quite a few times in recent years, and now a Spanish company known as Scytl will be involved in reporting election results for hundreds of jurisdictions across the United States this upcoming election day.  Will those election results be accurate?

It is absolutely amazing that a foreign company has been able to gain such control over the reporting of election results in the United States without it ever making a significant splash in the mainstream media.

You would think that there would be a law against this sort of thing, but apparently there is not.

So how did this all come about?

Well, the story starts with a company called SOE Software.

SOE Software was founded in 2002 and has been involved in reporting election results in 25 U.S. states....

Founded in 2002, SOE Software (SOE) has been working in 25 states to provide election management tools that include online pollworker training and election night reporting solutions to over 900 state and local election jurisdictions.

SOE Software was purchased by a company based in Barcelona, Spain known as Scytl earlier this year.

This combination of the two companies has produced a giant firm.  Scytl now has a dominant market position in the election software market....

With the acquisition of SOE Software, Scytl is now the industry leader in the election software market with a full range of solutions that cover the whole election process and include secure online ballot delivery, Internet voting, electronic pollbooks, election night reporting, and online pollworker training.

Scytl will be involved in reporting election results in more U.S. jurisdictions than any other company.

In fact, the new combined company will be involved in reporting the election results in 30 U.S. states....

 

Thank You for posting something positive about May Day!

 

Tue, 05/01/2012 - 16:22 | 2389214 Widowmaker
Widowmaker's picture

Are you questioning W Buttfuck Bush's win in Florida by not a vote but court decision at his brother's house?

What is not fair about installing Bush to create a war or two, destroy capitalism, and give us the crotch grabbers and TSA!?

Tue, 05/01/2012 - 17:28 | 2389429 Benjamin Glutton
Benjamin Glutton's picture

I question everything.

 

BUSH; Well, I have obviously made a decision to make sure the economy doesn’t collapse. I’ve abandoned free market principles to save the free market system. I think when people review what’s taken place in the last six months, uh, and put it all in one, in one, (sigh), you know, in one package, they’re realize how significantly we have moved.

 

 

Tue, 05/01/2012 - 17:38 | 2389444 Bear
Bear's picture

However, the bigger consequence to Bush is not TSA, wars, crony capitalism ... it is Obama with just as much war, a TSA takeover, killing of Americans w/o trial, NSA surveillance of us all, Obamacare, and another 8 trillion in debt. There is no way out.

Tue, 05/01/2012 - 15:57 | 2389133 sbenard
sbenard's picture

Emperor Obama is "fundamentally transforming" the working class into the welfare class, one family at a time!

Tue, 05/01/2012 - 17:32 | 2389431 Bear
Bear's picture

And once everyone is living on the gov's slush fund, Democrat voters from here to forever, Obama wins POTUS, Supreme Court becomes 6/3, gerrymandering of States and Congress ... and then what?

Tue, 05/01/2012 - 16:01 | 2389157 YuropeanImbecille
YuropeanImbecille's picture

I have said this before and will say it again, the "unemployed" of continental Europe are all africans and arabs on wellfare handouts, they bring their 8 kids and live off white mans guilt trough a marxist system of taxes.

Almost no whites in Continental Europe are unemployed unless they are:

 

*drug addicts

*mentally ill

*or just genereally fucked up.

 

Unemployment will not be a problem until it affects the productive part of society, so therefore these numbers are nothing to worry about until they affect the white productive majority.

 

Tue, 05/01/2012 - 16:08 | 2389178 NewThor
NewThor's picture

The majority of the evil bankers who've destroyed the  foundation of the global economy are white guys, bro.

 

Wed, 05/02/2012 - 04:36 | 2390454 YuropeanImbecille
YuropeanImbecille's picture

That is bullshit and you know it. Are the Goldsteiners and rothmans and silversteins and baumgartners white? 

Tue, 05/01/2012 - 16:09 | 2389182 Doubleguns
Doubleguns's picture

YI, The name says it all. No further comment needed.

Tue, 05/01/2012 - 16:09 | 2389185 SmoothCoolSmoke
SmoothCoolSmoke's picture

So my son, with a new BS in Biochemistry/Microbiology (3.9/4.0) from a major US university...and no job yet, should move to Europe?   

Tue, 05/01/2012 - 16:11 | 2389191 Doubleguns
Doubleguns's picture

He should contact P&G. My neighbor is retired and called back because they are short Microbiologists.

Tue, 05/01/2012 - 17:03 | 2389371 Ratscam
Ratscam's picture

yes of course if he has a job offering. you get ex pat benefits which include housing, extra costs, health benefits etc. so go for it even if it iis a 3 moth contract. i know so many people who demanded a promotion by going to an unknown place. if he/her learns the language you have a potential future additional income to your 401K plan.

Tue, 05/01/2012 - 16:37 | 2389254 CH1
CH1's picture

the "unemployed" of continental Europe are all africans and arabs on wellfare handouts

No sale, and I've lived in Europe too.

In one major city where I lived, huge numbers of whites were on welfare and the Arabs ran the stores.

 

Tue, 05/01/2012 - 16:44 | 2389280 denis84
denis84's picture

nonsense. i´m from europe. that´s just nonsense

Tue, 05/01/2012 - 16:09 | 2389186 Peter Pan
Peter Pan's picture

I need a chart showing the movement in bread, fuel and milk prices pre GFC and post GFC in the various nations.

Don't worry about the I-Pad

Tue, 05/01/2012 - 16:19 | 2389207 LFMayor
LFMayor's picture

Speaking of May, and just where is the hell is my promised Great May 1st Peoples Uprising, Riots and other wild Shit?

5 fuck sticks in Ohio put an add in craigslist for C4 and tried to knock down a bridge with the silly putty the FBI sold them.  Here's the best:  Two of them were "leaders" of the local OWS union of the hygenically challenged.

These people would fuck up respiration if it didn't come natural.  And they want to "take over".  Kiss my lily white ass.

Tue, 05/01/2012 - 16:27 | 2389233 drink or die
drink or die's picture

It was raining in NYC, so there was no turnout.  Generation Fail.

Tue, 05/01/2012 - 16:30 | 2389241 Randall Cabot
Randall Cabot's picture

LONDON - Barcelona's soccer players are the best-compensated in all of sports, with an average weekly pay of $166,934.

Spanish rival Real Madrid was second at $149,935 in the study produced by the website Sporting Intelligence for ESPN. Only three American franchises were in the top 10, down from five last year, with the remaining seven spots held by European soccer clubs.

The NBA's Los Angeles Lakers are No. 5 — below Barcelona, Madrid, Manchester City and Chelsea. They're followed by baseball's New York Yankees at No. 6 and the Philadelphia Phillies at No. 9.

 

 

 

 

http://www.myfoxphilly.com/dpp/sports/mlb/phillies/Phillies_World_Sports_Salaries_050112   

Tue, 05/01/2012 - 16:37 | 2389255 Zero Govt
Zero Govt's picture

the size of unemployment cues are equal to the capital consumption (destruction) of Govt in an economy

you want employed people, sack the whole public sector and watch private capital go back to work productively

Stop Paying Your Taxes 

..don't feed the suckers

Tue, 05/01/2012 - 17:26 | 2389425 goforgin
goforgin's picture

Empty rhetoric.

Tue, 05/01/2012 - 17:33 | 2389433 lemonobrien
lemonobrien's picture

not really.

Tue, 05/01/2012 - 22:58 | 2390107 Tom Green Swedish
Tom Green Swedish's picture

Spain is going backwards along with the rest of Europe. These teams make 1 dollar per person and are full of debt.  You cannot make money from people running around kicking things. 

 

But it fits for Europe they love to kick things down the road.

Tue, 05/01/2012 - 16:43 | 2389277 Shizzmoney
Shizzmoney's picture

"When people lose everything....they lose IT"

-Gerald Celent

Tue, 05/01/2012 - 16:55 | 2389331 shortus cynicus
shortus cynicus's picture

Unemployment may be easily reduced if we allow people to self employ in production of own organic food, cloth and shelter.

But that would require more dispersed village-like housing and it's politically incorrect - NWO want us all living in mega-cities with sky scrappers and eating Nutella.

Maximal system dependency increases also the voting predictability of all the sheep.

Tue, 05/01/2012 - 22:55 | 2390102 Tom Green Swedish
Tom Green Swedish's picture

Here's an idea.  Since the youth of the world is already in a ton of debt, why doesn't Geithner write a check to them for 8 trillion dollars like he did for the "banks".  Then they can experience what "money" which equals labor times 10,000 can really do for somebody.  After all what do they have to look forward too?  A lifetime of fuding the Social Security Ponzi Scheme only to get 50 percent in return?  A bleak economy filled with job hopping and lower wages every year. A stagnant market with no real returns over the last 10 years, and no guarantee they willl ever produce any returns except for the casino house. Increasing pressure on commodities and scarcity. Competing with the rest of the world (funding national government companies who take the money to expand and people who will work for 1 dollar an hour), which Goldman thought was such a good idea to invest in. A lifetime of saving for nothing. The kick the can game has to end somehow.  Last time I checked the bank was a place to store money not to take handouts.

Wed, 05/02/2012 - 00:37 | 2390293 The.Oracle
The.Oracle's picture

We are running out of cheap oil, which has ballooned our population. Basically, we are discovering very quickly that our population itself is a bubble. There's just a shit load of people which there are sadly no practical purpose for. And we all know what happens in bubbles.. when cheap [credit] fuels an [asset] bubble way out of whack with reality. That's right. 'Corrections'

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