Posted originally on Sep 26, 2025 by Martin Armstrong |
College graduates throughout the world are facing record unemployment. The unemployment rate for recent graduates in the United States is nearly double that of the general population. College grads in the United Kingdom face a similar level of unemployment. The youth in Europe are in a far worse situation, and it is not uncommon for areas to see unemployment levels around 20% to 40%. Chinese and Indian cultures value higher education, but the youth in both nations are facing unemployment levels of up to 20%. College degrees no longer guarantee financial success.
One of Britain’s largest recruitment agencies is encouraging young adults to explore blue-collar positions. James Reed, chief executive of Reed, told Times Radio that he averaged 180,000 graduate job position openings three or four years ago, but that figure has declined to 55,000. “The direction of travel is what worries me. Some people might say, well, that’s your business. But every other business is saying the same thing, that far fewer graduate opportunities are available to young people,” he said. Job recruitment agency Indeed found a 33% annual reduction in available graduate jobs over the summer and that trend is expected to continue thanks to automation and increased business costs. “It’s like a white-collar recession, rather like the blue-collar recession of the 1980s. I recognise the same pattern in a way, when a lot of jobs are being hollowed out by automation. I’m thinking about factories [before] and offices now,” Reed also commented.
Gen Z comprises 30% of the global population. They were told that good grades and an advanced degree would provide them a head start in life. Instead, especially in the United States, these young adults are saddled with debt that they cannot pay off. Less than half of graduates can find jobs within their field of study.
Youth unemployment can become the catalyst for political unrest and even revolution, which is precisely what recently happened in Nepal. The youth are the future taxpayers, yet governments are destroying them before they even begin. Youth unemployment is a direct result of bad economic policies, taxation, and regulation that drive jobs offshore. Universities have turned into political indoctrination factories producing debt slaves rather than skilled workers. This generation has been robbed of opportunity, and history warns us that when the youth see no future, they rise up against the system.
Youth unemployment ties into the birth rate crisis as the number of deaths far outnumber births in nearly every developed nation, and therefore, there are not enough taxpayers to offset the decline. If they cannot find work, they certainly cannot afford a home. Only 9% of Gen Z adults in America owned homes as of 2024. Less than 15% of Gen Z can afford homes in the UK, compared to 63% of Millennials, Gen X, and Baby Boomers. In Canada, youth are experiencing a similar level of home ownership, with rates above 15%. Europe varies widely but the market is largely inaccessible to Gen Z. The youth in South Korea are experiencing the lowest documented rate of home ownership among young adults at 2.5%.
The younger generation is questioning the entire system. They played into the system their entire lives and lost. Civil unrest always begins with the younger generation, who demand to be heard. When the youth see no path forward, they burn down the status quo. The younger generation in Nepal burned down Parliament and forced leaders to flee due to building resentment that grew into hatred for government overlords. Unemployment is expected to steepen as we enter the end of the next ECM cycle, and the youth will feel the brunt of the burden. History shows that the younger generations will not quietly accept defeat.
Posted originally on Sep 25, 2025 by Martin Armstrong |
The European Central Bank (ECB) is urging citizens to “keep calm and carry cash.” The ominous message is a warning of trouble ahead. Bank runs, defaults, war, grid failures, pandemics—the current banking system cannot rely on what’s ahead. “Cash provides essential redundancy – a ‘spare tire’ – for the payment system,” the study’s authors write. “This redundancy is vital for any system, as no system is infallible.”
Indeed, no system is infallible. I have been consistently warning for decades that tangible assets are a necessity. Cash is freedom, which is precisely the reason that governments want to transition to digital and CBDC. Cash is anonymous, untraceable, and outside the immediate reach of bureaucrats. The entire fight against “money laundering” and the push to link biometric data to bank accounts is a direct assault on cash. Every penny will be tracked, and if they decide you owe taxes, they can simply deduct it without a trial.
However, you cannot simply flee with cash in a suitcase as the majority of nations consider that a crime and will seize your money. Customs agents do not need evidence of a crime, and even if the courts clear you of wrongdoing, there is no guarantee you will ever receive it back. Money is whatever someone is willing to accept as payment. I have long advocated for silver coinage that is easy to carry and identifiable as one such alternative, especially valuable if the currency fails.
“The sustained demand for banknotes has been amplified by sharp increases in public demand during major crises, which highlights the unique role and attributes of physical currency,” the ECB states. The 2014-15 sovereign debt crisis in Greece led to massive bank runs, and people had no access to their funds. There were surges in withdrawals during COVID and at the start of the Russia-Ukraine wa,r and the ECB knows that banks simply do not have the liquidity to provide customers with cash in the event of a true bank run.
Central banks are issuing specific instructions for civil protection. “For instance, authorities in the Netherlands, Austria and Finland suggest holding amounts ranging from approximately €70 to €100 per household member or enough to cover essential needs for about 72 hours. Some jurisdictions, like Finland, are even exploring “disruption-proof” ATMs to ensure access during digital failures.” The ECB is keenly aware that trouble is around the corner.
The recent power outages in Spain and Portugal led to a significant disruption in the financial system. Grids will be targeted during times of war. Nations bordering Russia have seen a much higher demand for cash withdrawals, “with issuance levels reaching six to ten standard deviations above their respective historical norms.” The ECB reports that this level of deviation is “highly unusual,” but in times of panic, people hoard as a survival tactic. There was a 36% spike in daily net banknote issuance during the first month of the war. Expect this figure to multiply when it becomes obvious that the war is expanding beyond Russia and Ukraine.
Keep cash on hand for day-to-day needs, but remember that its use will be increasingly limited, and its portability across borders almost impossible. The real hedge will remain tangible assets that cannot be canceled by government. Next year will be devastating. If you are in Europe, the best thing you can do is get your affairs in order and leave immediately.
Posted originally on Sep 25, 2025 by Martin Armstrong |
Barack Obama will never miss an opportunity to juxtapose himself with Donald Trump as the pious president who preached peace. In reality, the extreme political divide of right v left began under Obama as he used divisive politics to split the nation into “us” vs “them.”
Obama was the first to label his political opponents as an “enemy,” as reported by the Washington Examiner. “Those extreme views were not in my White House,” Obama claimed in remarks to the Jefferson Society regarding the assassination of Charlie Kirk. “I wasn’t empowering them. I wasn’t putting the weight of the United States government behind them. When we have the weight of the United States government behind extremist views, we’ve got a problem.”
(Obama’s typical middle-class yacht)
Economic woes were blamed on the “top 1%,” a phrase that derived from Obama’s presidency following the 2008 financial crisis. “The gap between the wealthiest and the rest of us has never been wider,” he stated in 2011. He contrasted the struggles of “working families” with the “special interests” and “wealthy few” who benefited from tax loopholes and deregulation. “I believe in an America where opportunity is open to everyone—not just those at the top,” he preached during his first campaign against Mitt Romney. The Obama Administration was touted as the defender of ordinary “folks” who were suffering due to the greed of the “wealthy few,” a class that Obama himself is within.
“We don’t think government can solve all our problems, but we don’t think government is the source of all our problems—any more than are welfare recipients, or corporations, or unions, or immigrants, or gays, or any other group we’re told to blame for our troubles,” Obama stated during the 2012 Democratic National Convention where he pushed for Obama Care. “Government” was the same as marginalized groups like the LGBTQ+ community and immigrants, Obama declared, and anyone who disagreed with his policies was acting in a discriminatory manner. Closed borders? Racist! Voting against paying into Obamacare? Racist greed directed at marginalized communities.
Legacy media ran his rhetoric 24/7 across every platform, and that rhetoric has continued today into “progressive” ideology that aligns with socialist views. Donald Trump is certainly not the first nor the last president to take an “us” vs “them” stance. In contrast to Obama, Trump began his campaign by portraying government as the problem—drain the swamp and fire the judges. Notice how there has not been a wave of violent riots in the wake of Charlie Kirk’s assassination. The “MAGA extremists” are vocal but not violent.
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