More internationalist central control funded by extorting taxes from greedy capitalists and their exploited (but racist) workers.
Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.
Posted on 09/13/2010 8:05:29 PM PDT by DeaconBenjamin
"The labour market is in dire straits. The Great Recession has left behind a waste land of unemployment," said Dominique Strauss-Kahn, the IMF's chief.
He said a double-dip recession remains unlikely but stressed that the world has not yet escaped a deeper social crisis. He called it a grave error to think the West was safe again after teetering so close to the abyss last year. "We are not safe," he said.
A joint IMF-ILO report said 30m jobs had been lost since the crisis, three quarters in richer economies. Global unemployment has reached 210m. "The Great Recession has left gaping wounds. High and long-lasting unemployment represents a risk to the stability of existing democracies," it said.
The study cited evidence that victims of recession in their early twenties suffer lifetime damage and lose faith in public institutions. A new twist is an apparent decline in the "employment intensity of growth" as rebounding output requires fewer extra workers. As such, it may be hard to re-absorb those laid off even if recovery gathers pace. The world must create 45m jobs a year for the next decade just to tread water.
Olivier Blanchard, the IMF's chief economist, said the percentage of workers laid off for long stints has been rising with each downturn for decades but the figures have surged this time.
"Long-term unemployment is alarmingly high: in the US, half the unemployed have been out of work for over six months, something we have not seen since the Great Depression," he said.
Spain has seen the biggest shock, with unemployment near 20pc. Britain's rate has risen from 5.3pc to 7.8pc over the last two years, a slightly better record than the OECD average. This contrasts with the 1970s and early 1980s when Britain was notoriously worse.
(Excerpt) Read more at telegraph.co.uk ...
Then I would expect the IMF to provide funds to the US to aid in job development. We are a member too.
Losing faith in our government overlords is a good thing not bad. It is a start to self sufficiency.
He's right--I was a teenager during the Carter Era and I've never voted democrat since.
“Social explosion” = people lose hope in government lies
Lets tax the wealthy, make it difficult for businesses to start and use cap and trade to make everyone equal! If it doesn’t work....BLAME BUSH!
the IMF stooges are just worried that they will be among the first europeans against the wall.
What happens when people tell the uber insider class to get stuffed?
Typical tunnel vision of so-called planners. There would be no crisis, if governments would stop spending and turn the free market loose. Jobs are always being destroyed by progress, but new ones take their place. All government does is get in the way.
Subsidies hurt those who receive them....http://www.thefreemanonline.org/columns/our-economic-past-subsidies-hurt-recipients-too/
Well said.
I don’t care about the world job crises. I care about the United States of America job crises and wonder why we allow illegals to take jobs from Americans and why we don’t require public service in exchange for 96 weeks unemployment by the over 4 million who take tax payer money!! REQUIRE COMMUNITY SERVICE!!!
True, but keep in mind a truer headline would be, “IMF plans on ‘social explosion’ from world jobs crisis.”
They want total breakdown in order to destroy America as a super power. Once that is done, they believe it will be easy to make Americans heel to the new Global Masters.
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The IMF created the crisis.
Please educate yourself. The IMF is funded almost entirely by the US taxpayer. It is staffed by traitor neocons who left the Bush/Clinton/Bush administrations to over see the global redistribution of wealth that ‘global economy’ ‘green economy’ outsourcing, offshoring and shutting down of US industry has funded.
They will never give us OUR money back under any circumstance.They’ll make sure it keeps flowing out, like Arnold Schwarzenegger is doing by going to China to have them build a rail line in California with our state tax money.
The IMF is a criminal globalist cabal of thieves.
More internationalist central control funded by extorting taxes from greedy capitalists and their exploited (but racist) workers.
They can't allow that. The money extorted from the producers are used to buy the votes of the lazy non-producers(Democrats).
Amen randog, I was a young pup 9-12 during the living he!! imposed by the peanut idiot. I still remember going to the grocery store with my mother and asking her what was wrong when she would get mad. She tried numerous times to explain inflation to me but I was to young to comprehend.
Me too!
And I’m a bit of a gold bug also!
You think we’re running a deficit of useless state workers?
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