JayB Posted January 3, 2011 Share Posted January 3, 2011 Nope. "Europe’s Young Grow Agitated Over Future Prospects" http://www.nytimes.com/2011/01/02/world/europe/02youth.html Increasing Pension Liabilities + Collapsing Birthrate + Rigid Labor Market Rigged for Insiders = Time to emigrate. Quote Link to comment Share on other sites More sharing options...
olyclimber Posted January 3, 2011 Share Posted January 3, 2011 well if we make healthcare illegal and roll back any safety protections gained by the unions we should have a sufficient casualty rate to provide enough job openings. people living in the middle ages don't know how good they had it! Quote Link to comment Share on other sites More sharing options...
olyclimber Posted January 3, 2011 Share Posted January 3, 2011 [video:youtube]xSnLU9nyFSA Quote Link to comment Share on other sites More sharing options...
rob Posted January 3, 2011 Share Posted January 3, 2011 And only landowners should vote. Quote Link to comment Share on other sites More sharing options...
prole Posted January 3, 2011 Share Posted January 3, 2011 What they need is some kind of Handmaid's Tale/Logan's Run style set-up. I expect the European right is working on something. Quote Link to comment Share on other sites More sharing options...
prole Posted January 3, 2011 Share Posted January 3, 2011 It's a good thing America has not fallen into this communist trap and has plenty of under-educated, under-employed breeders to keep us competitive when we figure out what we're going to be competitive at. Quote Link to comment Share on other sites More sharing options...
Hugh Conway Posted January 3, 2011 Share Posted January 3, 2011 Time to emigrate. good thing we don't want them! American youth would flee if they weren't so fucking stupid Quote Link to comment Share on other sites More sharing options...
j_b Posted January 3, 2011 Share Posted January 3, 2011 Increasing Pension Liabilities + Collapsing Birthrate + Rigid Labor Market Rigged for Insiders = Time to emigrate. more divisive bullshit from clueless neoliberals who broke the economy. Outsourcing, deregulation, financialisation of the economy, speculative bubbles and austerity are responsible for lack of jobs for youth in the western world, not pensions. Quote Link to comment Share on other sites More sharing options...
Fairweather Posted January 4, 2011 Share Posted January 4, 2011 Quote Link to comment Share on other sites More sharing options...
j_b Posted January 4, 2011 Share Posted January 4, 2011 well said! it's not debunkable, like your childish personal attacks. Quote Link to comment Share on other sites More sharing options...
JayB Posted January 4, 2011 Author Share Posted January 4, 2011 You should break this news to them ASAP! Contemplating a never-ending stunted pseudo-adulthood in your parent's basement is depressing enough, even without the prospect of diverting ever more of your meager income towards sustaining several 55 year old pensioners. As soon as they learn that the crazy-Thatcherite free-market fundamentalist neocons that have been running, say, Portugal, for the past 40 years are the ones that they should be angry at - I'm sure they'll feel much better. Someone should tell the bond market to - as soon as the folks with real savings to invest learn that it was all the neocons' fault, I'm sure that the bond-spreads their governments are contemplating will compress right away. “Now people are being sent into early retirement at age 55,” said Sara Sanfulgencio, 28, who has a master’s degree in marketing but is unemployed and living in Madrid with her mother, who owns a children’s shoe store. “But if I haven’t started working by age 28 and I already have to stop at 55, it’s absurd.” No worries Sara - as long as you remember it was the neocon's fault there's no reason to fret! Quote Link to comment Share on other sites More sharing options...
JayB Posted January 4, 2011 Author Share Posted January 4, 2011 Listen to this neocon drivel from the right wing goons at the NYT: "Indeed, experts warn of a looming demographic disaster in Southern Europe, which has among the lowest birth rates in the Western world. With pensioners living longer and young people entering the work force later — and paying less in taxes because their salaries are so low — it is only a matter of time before state coffers run dry." Pfft. Quote Link to comment Share on other sites More sharing options...
j_b Posted January 4, 2011 Share Posted January 4, 2011 as if the UK, Ireland, the baltic states (the flagships of neoliberalism in Europe) were any better than Portugal. You are cherry picking again! Quote Link to comment Share on other sites More sharing options...
j_b Posted January 4, 2011 Share Posted January 4, 2011 Listen to this neocon drivel from the right wing goons at the NYT: "Indeed, experts warn of a looming demographic disaster in Southern Europe, which has among the lowest birth rates in the Western world. With pensioners living longer and young people entering the work force later — and paying less in taxes because their salaries are so low — it is only a matter of time before state coffers run dry." Pfft. they have all the immigrants they need to make up for low birth rates, and yes the NYT is a right wing rag. Satisfied? Quote Link to comment Share on other sites More sharing options...
Hugh Conway Posted January 4, 2011 Share Posted January 4, 2011 As soon as they learn that the crazy-Thatcherite free-market fundamentalist neocons that have been running They are apparently close enough to the UK to see what a shithole that country has become. I do like how you are starting with "Europe" the monolithic block and sequing into the Southern Europe cleptocracies who were supporters of the war in Iraq and all other kinds of endeavours you supported. Quote Link to comment Share on other sites More sharing options...
JayB Posted January 4, 2011 Author Share Posted January 4, 2011 As soon as they learn that the crazy-Thatcherite free-market fundamentalist neocons that have been running They are apparently close enough to the UK to see what a shithole that country has become. I do like how you are starting with "Europe" the monolithic block and sequing into the Southern Europe cleptocracies who were supporters of the war in Iraq and all other kinds of endeavours you supported. True - the UK was in top form in the 70's and was a shadow of its former glory when John Major's term ended. The beauty of the Euro is that that between lending the Southern Euro's hundreds of billions of dollars, and being obliged to bail them out - they've effectively imported the worst of the imploding birthrate/exploding pension dynamics and added them to their own. Quote Link to comment Share on other sites More sharing options...
prole Posted January 4, 2011 Share Posted January 4, 2011 More American-style pension reforms should clear the problem right up! Together Again: More Retirees Moving in With Children Since 1980, one-third more Americans are living in multigenerational households When the value of stocks and bonds in your portfolio has declined, tapping the bonds of your family can be a valuable asset — especially in retirement. Joseph Jastrzebski, a 68-year-old manager at Home Depot, wants to retire soon. When he does, he and his wife, Valerie, plan to move in with extended family. The Sayreville, N.J., couple already live part-time with their daughter, son-in-law and grandchildren. Once they sell the family home the Jastrzebskis will move in permanently. "It will afford us an opportunity to save money and have something left for our children," says Valerie, a 63-year-old secretary. "We are doing it because this is a situation that presented itself that is ideal for everyone." Valerie's daughter, Sarah, mother of a five-month-old boy and step-mom to two teenagers, is working as an administrative assistant while studying for a master's degree in holistic health studies. She agrees combining their households makes sense. "A lot of times now with retirement we see someone ends up in a nursing home or other facility like that," Sarah says. "I think staying with your family is the way to go." As retirement investments have been eroded during this economic crisis, the number of multi-generational family households has been growing — returning to a trend from half a century ago. Since 1980, there has been a 33 percent increase in Americans living in multigenerational households. Investors may be recouping some of losses than have sunk their 401(k)s and other retirement portfolios over the past two years, but not enough to keep many soon-to-be retirees from worrying. "What we're seeing here is they don't have confidence in what they think of as the public safety net — a pension plan," says Paul Taylor of the Pew Research Center. "So they are reverting to the age old private safety net, and that's the family. The Pew Research Center found the number of Americans living in multigenerational households grew by 2.6 million between 2007 and 2008, the most recent data available. ( Read the entire Pew study here.) For many families, this living arrangement has significant financial benefits. The Jastrzebskis won't have to pay rent or a mortgage when they move in with their daughter's family. They'll also help defray household expenses for daughter Sarah's family and care for their grandchildren. "We are not paying anything per-se to live here," Valerie says. "But if there is something we see in the house that is needed, we buy it. It is a whole family situation. It is not them and us." Quote Link to comment Share on other sites More sharing options...
j_b Posted January 4, 2011 Share Posted January 4, 2011 True - the UK was in top form in the 70's and was a shadow of its former glory when John Major's term ended. The beauty of the Euro is that that between lending the Southern Euro's hundreds of billions of dollars, and being obliged to bail them out - they've effectively imported the worst of the imploding birthrate/exploding pension dynamics and added them to their own. what a crock of shit! the UK isn't even part of the Euro. England's economy is in the shitters because neoliberals outsourced its industry to the land of the bottom cost. Quote Link to comment Share on other sites More sharing options...
j_b Posted January 4, 2011 Share Posted January 4, 2011 between lending the Southern Euro's hundreds of billions of dollars, and being obliged to bail them out just in case you have lingering doubts the 100 billions bailout of Ireland wasn't for southern Europe. Quote Link to comment Share on other sites More sharing options...
JayB Posted January 4, 2011 Author Share Posted January 4, 2011 between lending the Southern Euro's hundreds of billions of dollars, and being obliged to bail them out just in case you have lingering doubts the 100 billions bailout of Ireland wasn't for southern Europe. True - in Ireland's case it's Ireland's taxpayers that'll be bailing out the Northern European creditors that lent them hundreds of billions of dollars to fuel a speculative property bubble that should have been obvious to anything with an IQ higher than an amoeba's. Since debts that can't be repaid won't, Ireland's politicians should have made the tards that lent them the money pay the price for making idiotic loans. The only thing less likely to be repaid than loans to a guy building the 40th luxury condo tower in Limerick are loans to fund Southern European welfare states - which I suspect even the folks getting the loans know full well, but at least they're smarter than Ireleand's politicians and will refuse to repay them at par, when it's clear that they never will be able to repay they at par. Quote Link to comment Share on other sites More sharing options...
Hugh Conway Posted January 4, 2011 Share Posted January 4, 2011 True - in Ireland's case it's Ireland's taxpayers that'll be bailing out the Northern European creditors that lent them hundreds of billions of dollars to fuel a speculative property bubble that should have been obvious to anything with an IQ higher than an amoeba's. Since debts that can't be repaid won't, Ireland's politicians should have made the tards that lent them the money pay the price for making idiotic loans. The only thing less likely to be repaid than loans to a guy building the 40th luxury condo tower in Limerick are loans to fund Southern European welfare states - which I suspect even the folks getting the loans know full well, but at least they're smarter than Ireleand's politicians and will refuse to repay them at par, when it's clear that they never will be able to repay they at par You forgot how Ireland was providing the convenient tax haven for Eurozone and US businesses..... You also forgot that the UK now is heading towards the same shitter it was in the 70s... And, well, if you'd paid attention, it was a shadow of it's former glory in the early 90s. No one real cares about it accept odd anglophone retrograde conservatives. It's dead. I do like your continued condemnation of real estate bubbles with your continued advocacy, and fellation of, tax policies that encourage such things. It's a nice have your cake and eat it. Quote Link to comment Share on other sites More sharing options...
JayB Posted January 4, 2011 Author Share Posted January 4, 2011 Lots of real estate bubbles around the world in places with vastly different tax and regulatory regimes. What's the secret that makes them all have the same effect on a particular asset class? Quote Link to comment Share on other sites More sharing options...
prole Posted January 4, 2011 Share Posted January 4, 2011 just in case you have lingering doubts the 100 billions bailout of Ireland wasn't for southern Europe. True - in Ireland's case it's Ireland's taxpayers that'll be bailing out the Northern European creditors that lent them hundreds of billions of dollars to fuel a speculative property bubble that should have been obvious to anything with an IQ higher than an amoeba's. Amoebas. Are you referring to the banking elite that have the gold-plated educations in economics from the world's finest universities that are and will continue to enjoy absurdly opulent lifestyles as a result of them taking the country down the tubes or are you talking about the Irish citizenry who, like Americans, have been forced fed and stupidly believed the free market, deregulatory, trickle-down, home-ownership horseshit from political elites and business-friendly media? Quote Link to comment Share on other sites More sharing options...
prole Posted January 4, 2011 Share Posted January 4, 2011 Either way, we mustn't meddle with the naturally operating mechanism of a self-correcting system. LOL. Quote Link to comment Share on other sites More sharing options...
Hugh Conway Posted January 4, 2011 Share Posted January 4, 2011 Lots of real estate bubbles around the world ain't much for bubbles in your favorite betenoirs the scando countries, france, benelux and germany Quote Link to comment Share on other sites More sharing options...
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