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Food Stamp Usage Hits New High Of 43.2 Million

Tyler Durden's picture


Ever wonder where all the money for equity inflows came from? Here's the answer: with all the money saved from participating in the Supplemental Nutrition Assistance Program, better known as foodstamps, which in October hit a brand new record, 43.2 million Americans decided to join in on this "wealth effect" they had been hearing so much about and buy Apple stock. After all 190 hedge funds are doing it: and there is no way that 190 hedge funds can possibly be wrong. As a result, the chart below shows our nation's pending wealth effect in its full glory. Just think: 43.2 millionaire in waiting. Just consider the guaranteed explosion to money velocity...

h/t john lohman


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Fri, 01/07/2011 - 14:59 | 856983 Sophist Economicus
Sophist Economicus's picture

Well, looks like Harry is gonna have another record sales month

Fri, 01/07/2011 - 15:57 | 857251 Art Vandelay
Art Vandelay's picture

Thread over!

Fri, 01/07/2011 - 16:14 | 857303 Haywood Jablowme
Haywood Jablowme's picture

Vienna Sausages and SPAM sammiches biznitches!

That Potted Meat Spread starting to look DAMN GOOD!



Fri, 01/07/2011 - 16:41 | 857407 iDealMeat
iDealMeat's picture

And a little Spotted Dick for desert..   mmmmmmmmm

Fri, 01/07/2011 - 19:16 | 857808 Haywood Jablowme
Haywood Jablowme's picture


In the meantime, a sign of things to come.  Good thing TD thinks 10 steps ahead....

and to think of all those google (gmail / google voice), facebook, and youtube users.  the elitists make it look all so easy...


"Tunisia Arrests Bloggers....."

Two web activists, Slim Amamou and Azyz Amamy, have not been heard from since Thursday, sources in Tunisia told Al Jazeera.

Reporters Without Borders (RSF) said that it had been alerted that at least six bloggers and activists had been arrested or had disappeared in locations across Tunisia, and that there were probably others who had been targeted.

Al Jazeera spoke with Amamy on Wednesday evening, local time, after his email and Facebook accounts were hijacked in an alleged government-led "phishing" campaign. His last tweet was published on Thursday morning, as was Amamou's.

Fri, 01/07/2011 - 19:34 | 857833 Armchair Bear
Armchair Bear's picture


This video is long - 12 parts.

It was made 2+ years ago.

Kind of scary stuff but if it's true everybody needs a heads-up...


Head's UP!!   CIA, NASA, Navy & COG are planning for this.

Fri, 01/07/2011 - 23:57 | 858164 gaoptimize
gaoptimize's picture

Look, I'm as open as anyone to unusual concerns, but as a physicist, a recurring "Planet X" interacting in a meaningful way with the orbit or "electromagnetics" (sigh) of the Earth would leave unmistakable astrological evidence.  Here we are in phase 3 or 4. Weather variability not that unusual, no backyard astronomers (with powerful instruments BTW) in the southern hemisphere reporting any planet size approaching objects.  I'm kind of sorry for this guy and anyone who acts on his advice for his reasons.

Video section 8 on how to prepare is worth while, but only for the almost inevitable collapse due to the Earth's economic interaction with astronomical debt.

Sat, 01/08/2011 - 04:43 | 858383 Hephasteus
Hephasteus's picture

And I'm as open as you. Uranus sits on it's side and every planet between it and the sun has the same polar orientation. It's plausible to me that the sun switches poles and puts out a huge magnetic burst that flips the cores of every planet between here and uranus with the field lines converging at uranus which is why it's on it's side. The magma under the crust is low enough friction to make that plausible. My only problem with my theory is electromagnetic phenomenon drop off at a distance squared rate. What we know as magentic phenomenon drop off at a distance cubed rate. So the distances it spans are the only thing that gives me serious pause to my theory. If it's a distance cubed thing the intensity involved with mars venus earth has got to be frog levitating kind of insane. The magma friction during the flip settling the earth into a different precession angle every flip makes sense to me and accounts for the slight differences of every flips signature discovered in the crust. People always look for gravity and big planet explanations when it could be pure magnetics.

Sat, 01/08/2011 - 06:33 | 858401 silver_serf
silver_serf's picture

Thanks for the link, very informative. 



Fri, 01/07/2011 - 19:36 | 857837 I Am The Unknow...
I Am The Unknown Comic's picture

Please man, no matter how hard times get, don't ever put that in your mouth!

Fri, 01/07/2011 - 22:25 | 858041 caconhma
caconhma's picture

I am just curious,

How soon will farmers go on getting food-stamps and stop farming?

Where will all this food come from? China? Russia? India?

Fri, 01/07/2011 - 21:20 | 857975 Haywood Jablowme
Haywood Jablowme's picture

2 junks = 2 people apparently have stocked up on dehydrated potted meat spread....


don't forget to buy the dehydrated water emergency packs also!!


hug the person next to you :)




Fri, 01/07/2011 - 22:11 | 858031 cocoablini
cocoablini's picture

Food stamps are also a giveaway to corporations. You can buy Soda(like 30% goes to food like soda) but you can't buy organic produce. What the fuck is that about? Oh yeah, and JP morgan runs the " snap" program

Sat, 01/08/2011 - 10:11 | 858499 Widowmaker
Widowmaker's picture

You bet you ass it is a bonanza with only one price control --  UP.

Fri, 01/07/2011 - 16:42 | 857415 bankonzhongguo
bankonzhongguo's picture

I would just make a point that it used to be that you could only buy "cold" food - meaning food you had to prepare yourself - raw fruits, veggies and meat. 

You know 'real food.' 

I don't know about the rest of the country, but in California you and your kids can now swipe your EBT card at any fast food drive-thru. Too busy to give your kids milk.  Have a coke and some fries on your way to Redbox (at the grocery store).

Somehow this may be the first recorded Depression where people get fatter as austerity sinks in.

Fri, 01/07/2011 - 17:17 | 857501 Michael
Michael's picture

I would give my left nut to be able to buy an Apple Ipod made in the USA.

Fri, 01/07/2011 - 17:45 | 857591 RockyRacoon
RockyRacoon's picture

They wouldn't trade one for your old, shrivelled, pruney nut.

Fri, 01/07/2011 - 19:29 | 857828 High Plains Drifter
High Plains Drifter's picture

No you would not.

Fri, 01/07/2011 - 20:27 | 857908 homersimpson
homersimpson's picture

One of those phrases that sound better spoken but in reality just a load of crock..

Fri, 01/07/2011 - 22:26 | 858047 Gold...Bitches
Gold...Bitches's picture

OK, I'll do it.  Send me the nut and I'll send you the Ipod - a new one even.  But I want proof that it is the left one.

Sat, 01/08/2011 - 04:34 | 858380 Hephasteus
Hephasteus's picture

I'm not going to hang around you guys if this place turns into a enuch hangout. I don't care how smart and entertaining you all are. I'm drawing the line.

Fri, 01/07/2011 - 22:47 | 858067 SwingForce
SwingForce's picture

Foxconn, Taiwan

Fri, 01/07/2011 - 18:44 | 857745 Gully Foyle
Gully Foyle's picture


"I don't know about the rest of the country, but in California you and your kids can now swipe your EBT card at any fast food drive-thru. Too busy to give your kids milk.  Have a coke and some fries on your way to Redbox (at the grocery store).

Somehow this may be the first recorded Depression where people get fatter as austerity sinks in"

I guess you missed the episode of BULLSHIT! where a family discusses just why they eat fast food frequently.


I know you missed this

Professor Actually Loses Weight By Eating Only Twinkies, Junk Food

For 10 weeks, Mark Haub, a professor of human nutrition at Kansas State University, ate one of these sugary cakelets every three hours, instead of meals. To add variety in his steady stream of Hostess and Little Debbie snacks, Haub munched on Doritos chips, sugary cereals and Oreos, too. His premise: That in weight loss, pure calorie counting is what matters most — not the nutritional value of the food. The premise held up: On his “convenience store diet,” he shed 27 pounds in two months.

But you might expect other indicators of health would have suffered. Not so.

Haub’s “bad” cholesterol, or LDL, dropped 20 percent and his “good” cholesterol, or HDL, increased by 20 percent. He reduced the level of triglycerides, which are a form of fat, by 39 percent. “That’s where the head scratching comes,” Haub said. “What does that mean? Does that mean I’m healthier? Or does it mean how we define health from a biology standpoint, that we’re missing something?”


I refuse to judge how or what ANYBODY CHOOSES to eat.

Personal choice is a cornerstone of Liberalism, Conservatism and Libertarianism. Oh and Anarchy.






Fri, 01/07/2011 - 20:33 | 857916 bankonzhongguo
bankonzhongguo's picture

Dude.  Do you work for the golden arches?

I am all for personal choice, but the official Food Stamp program name is "Supplemental Nutrition Assistance Program (SNAP). Notice that word "nutrition."  If the Bernak's money is going to subsidize "supplemental nutrition" then I would hope you could at least see the nutritional utility difference between a $20 sack-o-burgers from Burger King and $20 - or 16 lbs - of local organic foods.  The difference is between "feeding" two people one night, or 4 people for several days.  Calories are not the same as nutrition.

Let them eat dog shit for all I care.  The point is Uncle Sugar is just transferring money to Corporate food pushers.  SNAP payments made to Taco Bell at 2AM is fundamentally no different than TARP funds to AIG, GM bondholder apocalypse, individual mandates to purchase private health insurance from an industry immune to anti-trust laws and adds no value to practical health care and the $1,200 no-bid defense contractor hammers.

And since you enjoy media so much, check out Morgan Spurlok's Super Size Me.  Don't ask Obamacare to pay for the triple bypasses on a 40 year old stumble-grunt roly poly Big Mac addict.

We are all coming from the same place.  Things are bad and everyone is freaking out in their own very special way.

'... so remember, Tuesday is Soylent Green day.'

Fri, 01/07/2011 - 21:08 | 857961 -Michelle-
-Michelle-'s picture

It's not just the fast food.  I couldn't care less what anyone chooses to purchase with their own money.  But when someone else is footing the bill?  And I'm not saying that nobody should have treats.  However, you can spend 10 SNAP bucks on a bakery cake or you can get a box of cake mix, a can of frosting, a bottle of vegetable oil, and a dozen eggs for $6 and still have 9 eggs and oil leftover for something else.

  • Soft drinks, candy, cookies, snack crackers, and ice cream are food items and are therefore eligible items.
  • Seafood, steak, and bakery cakes are also food items and are therefore eligible items.
  • Energy drinks that have a nutrition facts label are eligible foods.
  • Gift baskets that contain both food and non-food items, are not eligible for purchase with SNAP benefits if the value of the non-food items exceeds 50 percent of the purchase price.
Sat, 01/08/2011 - 09:11 | 858456 nmewn
nmewn's picture

Exactly Michelle.

We have some of the fattest "poor people" on the planet.

I guess I'll wait for a different thread to expound on the wonderful merits of us paying for wards of the state to have a cell phone jacked up to their ear sixteen hours of every day.

More thievery on the link...and no truer words were ever spoken here;

"Ever wonder why Obama was so focused on health reform? It is so those who have no interest or ability in working, make as much as representatives of America's once exalted, and now merely endangered, middle class."

Cloward meet Piven...Piven this is that introductions are out of the way...

Fri, 01/07/2011 - 22:44 | 858060 Gully Foyle
Gully Foyle's picture


Prove to me an organic meal worth $20 is either more nutritious, better tasting, or a better value buy? ( From the Wikipedia entry below;

n April 2009, results from Quality Low Input Food (QLIF), a 5-year integrated study funded by the European Commission,[56] confirmed that "the quality of crops and livestock products from organic and conventional farming systems differs considerably."[57] Specifically, results from a QLIF project studying the effects of organic and low-input farming on crop and livestock nutritional quality "showed that organic food production methods resulted in some case: (a) higher levels of nutritionally desirable compounds (e.g., vitamins/antioxidants and poly-unsaturated fatty acids such as omega-3 and CLA); (b) lower levels of nutritionally undesirable compounds such as heavy metals, mycotoxins, pesticide residues and glyco-alkaloids in a range of crops and/or milk; (c) a lower risk of faecal Salmonella shedding in pigs." but also showed no significant difference between traditionally grown foods on other studies.[58] The QLIF study also concludes that "further and more detailed studies are required to provide proof for positive health impacts of organic diets on human and animal health."[57] Alternatively, according to the UK's Food Standards Agency, "Consumers may choose to buy organic fruit, vegetables and meat because they believe them to be more nutritious than other food. However, the balance of current scientific evidence does not support this view."[59] A 12-month systematic review commissioned by the FSA in 2009 and conducted at the London School of Hygiene & Tropical Medicine based on 50 years' worth of collected evidence concluded that "there is no good evidence that consumption of organic food is beneficial to health in relation to nutrient content."[60] Other studies have found no proof that organic food offers greater nutritional values, more consumer safety or any distinguishable difference in taste.[61][62][63][64] A recent review of nutrition claims showed that organic food proponents are unreliable information sources which harm consumers, and that consumers are wasting their money if they buy organic food believing that that it contains better nutrients.[65]

Regarding taste, a 2001 study concluded that organic apples were sweeter by blind taste test. Firmness of the apples was also rated higher than those grown conventionally.[66] Current studies have not found differences in the amounts of natural biotoxins between organic and conventional foods.[67]

You are just another elitist trying to tell people how to live.

No better than those you bitch about.

Why is organic food more expensive, and when will it change?

Certified organic food. Certified organic products are generally more expensive than their conventional counterparts (for which prices have been declining) for a number of reasons:

  • Organic food supply is limited as compared to demand;
  • Production costs for organic foods are typically higher because of greater labour inputs per unit of output and because greater diversity of enterprises means economies of scale cannot be achieved;
  • Post-harvest handling of relatively small quantities of organic foods results in higher costs because of the mandatory segregation of organic and conventional produce, especially for processing and transportation;
  • Marketing and the distribution chain for organic products is relatively inefficient and costs are higher because of relatively small volumes.

Why Does Organic Food Cost More than Conventional?

Organic products typically cost 10 to 40% more than similar conventionally produced products.[68] According to the USDA, Americans, on average, spent $1,347 on groceries in 2004;[69] thus switching entirely to organics would raise their cost of groceries by about $135 to $539 per year ($11 to $45 per month). Processed organic foods vary in price when compared to their conventional counterparts. An Australian study by Choice magazine in 2004 found processed organic foods in supermarkets to be 65% more expensive, but noted this was not consistent. Prices may be higher because organic produce is produced on a smaller scale, and may need to be milled or processed separately. Furthermore, there is an increase in shipping costs from more centralized production in otherwise regional markets. In the case of dairy and eggs, the animal's requirements such as the number of animals that can be raised per acre, or the breed of animal and its feed conversion ratio affects the costs.

Penn & Teller Organic Food is Bullshit!


( A few months ago someone posted a breakdown on just what a scam Organic foods are. How the same amount of acreage produces less and eats far more energy.)


Sat, 01/08/2011 - 01:08 | 858261 Blankman
Blankman's picture


I usually like what you post however what you posted here is rather misleading as most of your sources are govt sources.  dont tell me wikipedia isn't we all know better including you.  take a burger for example, if you can't tell the difference between corn stuffed cow meat and grass fed beef than god bless you and eat all the McMSG's that you like.  (You probably also think budweiser and boxed wines taste great)  I will agree with you the vegetables are far harder to distinguish in flavor.  SO my argument on vegetables would be would you rather have you fruits and vege's grown by natural methods or by Monsanto methods?

Sat, 01/08/2011 - 01:50 | 858306 bankonzhongguo
bankonzhongguo's picture

Good lord cowpuncher.

I live and farm in an agricultural region with a lot of poor people.  That is my perspective - that food from the ground is a little better than petrified Happy Meals - Youtube it.

Feed yourself and your kids with whatever Penn & Teller tell you to eat.  Please try to avoid welding your shotgun inside Trader Joe's. 

Like you said earlier - 'freedom of choice.' 

If you think eating fast food and Twinkies will get you ready to fight the Chinese hand-to-hand, then come back in a million years and tell us all about it angel.

I have to go now.  The Biggest Loser is on.


Sat, 01/08/2011 - 10:48 | 858547 Sam Clemons
Sam Clemons's picture

Fruits and vegetables, like humans, are usually stronger when raised in a tough situation.  They create more antioxidants (why a lot of organic food is smaller and brighter colors) to protect themselves from more bugs, harsher conditions, and less fertilizer.  Ever notice how broccoli gets more green to protect itself from heat?  All plants do this.  Spoiling plants with GMO, like spoiling kids, works out in the short-term, but not in the long term.



Fri, 01/07/2011 - 23:35 | 858148 jomama
jomama's picture

cherry picked the quotes from the article to suit your obviously flawed position. 

scroll down for:

Despite his weight loss, Haub feels ambivalence.

“I wish I could say the outcomes are unhealthy. I wish I could say it’s healthy. I’m not confident enough in doing that. That frustrates a lot of people. One side says it’s irresponsible. It is unhealthy, but the data doesn’t say that.” -CNN Health

Another thing that isn't captured is the affect that this diet is having on his DNA and cell walls.  You can bet it isn't favorable.  Conveniently, those parameters aren't assayed. 


Fri, 01/07/2011 - 19:08 | 857798 Saxxon
Saxxon's picture

Yes!  I maintain that MCD and some of the rest are eerily morphing into Quasi-State entities as Big Food scales up to feed the growing number of its helpless, gas-dependent, charity-dependent masses.

Sat, 01/08/2011 - 00:31 | 858229 TruthInSunshine
TruthInSunshine's picture

Well, looks like Harry is gonna have another record sales month


Harry Wang sells urinal cakes. Those are not covered by food stamps, are they?

Sat, 01/08/2011 - 00:36 | 858236 Cheesy Bastard
Cheesy Bastard's picture

Urinal cakes are covered by food stamps as along as you buy candles to put on top.

Fri, 01/07/2011 - 15:03 | 856987 Zé Cacetudo
Zé Cacetudo's picture

This should be good for a few comments:

"The Pasadena Police Department would like to inform the public that buying gold is against the law unless you are licensed by the California Department of Justice," the statement said.


In addition, police added, "Gold buyers are required by law to ask for identification from whoever they buy from and maintain a description of the items they are buying. This information is then reported to law enforcement."


Oh, and while I'm at it, don't go through the TSA body scanners at the airport - they're cancerous:

Fri, 01/07/2011 - 15:24 | 857075 Maos Dog
Maos Dog's picture

Same thing in Florida, to buy gold at your place of business, you need a secondary metals dealers license, background check and fingerprints of all employees, and a scale certified by the state. I am still waiting for the forms to come in.

In all fairness, the state people were kind of apologetic about the hassle and told me that all of these regs were put into place because of some federal money-laundring laws and the patriot act.

Fri, 01/07/2011 - 16:01 | 857265 MachoMan
MachoMan's picture

Check the laws.  It is likely a uniform, state law.  There are some powerful lobbies in each state that get exempted from the requirements.  One of them, here at least, are pawn brokers.  It might actually be easier to get an exempted business "started" than comply with the requirements.

Fri, 01/07/2011 - 19:09 | 857800 Saxxon
Saxxon's picture

Fuck that noise.  Go to coin shows and buy from the dealers.  Go to the foreign guys first; they aren't afraid of governments.

Fri, 01/07/2011 - 20:01 | 857862 Zé Cacetudo
Zé Cacetudo's picture

Right, that makes sense if one is buying. But what if one is selling? According to this interpretation of the law, one has to provide ID to the buyer - who then passes this info on to law enforcement.

Fri, 01/07/2011 - 23:10 | 858109 ColonelCooper
ColonelCooper's picture

"But what if one is selling?"


Fri, 01/07/2011 - 15:04 | 856991 bob_dabolina
bob_dabolina's picture

Seeing as the unemployment rate went down this makes perfect sense.

Not sure if I could live without the truth that streams from the BLS. It really centers me.

Fri, 01/07/2011 - 15:08 | 856997 hedgeless_horseman
hedgeless_horseman's picture

"There is no such thing as a free lunch."  -Milton Friedman

"There is free lunch."  -hedgeless_horseman

Now, who ya going to believe?

Fri, 01/07/2011 - 15:06 | 857018 Bear
Bear's picture

Paid for my you and me

Fri, 01/07/2011 - 18:45 | 857751 Gully Foyle
Gully Foyle's picture


"There is no such thing as a free lunch."  -Milton Friedman

TANSTAAFL - Heinlien.

Fri, 01/07/2011 - 15:03 | 856999 alien-IQ
alien-IQ's picture

No doubt the market will rally on this news.

Please shoot me.

Fri, 01/07/2011 - 15:09 | 857026 Hollywood
Hollywood's picture

Just don't look at the labels on the chart, then you will realize that the uptrend is good for stocks.

Fri, 01/07/2011 - 18:13 | 857668 VeloSpade
VeloSpade's picture

haha funny I was thinking the same thing.  Seriously though, that chart looks like my equity curve from trading activities from early 2008 through the present.  Hope I can keep it up, my EQ that is...

Sat, 01/08/2011 - 00:29 | 858226 Cheesy Bastard
Cheesy Bastard's picture

Wow!  Change your avatar back to Amy Calistri.  Or something else.  You make it difficult (hard) to keep (it) up otherwise.

Fri, 01/07/2011 - 15:45 | 857194 TriggerFinger
TriggerFinger's picture

can you buy ammo with food stamps?

Fri, 01/07/2011 - 18:18 | 857687 VeloSpade
VeloSpade's picture

Yes.  Just do this:

Buy any junk food that comes in a cheap flimsy bag.

Eat all food but save the bags.

Shit into each bag and set aside for rainy day.

When an intruder aproaches your property, grab a bag of shit, set it on fire and hurl it at the intruder.

Fri, 01/07/2011 - 23:32 | 858145 HungrySeagull
HungrySeagull's picture

Along with Medevial Warfare tatics such as dead bodies and other rotting things so that the invaders will be sickened.

Fri, 01/07/2011 - 15:06 | 857007 gookempucky
gookempucky's picture

There's nothing like the daily double

Numbers from oct--better hang another million handle on that one.

Fri, 01/07/2011 - 15:06 | 857008 Bear
Bear's picture

The Food Stamp (FSUSA) chart looks just like AAPL (except for 5/6/10).

Fri, 01/07/2011 - 15:06 | 857011 Commander Cody
Commander Cody's picture

How do you qualify?

Fri, 01/07/2011 - 15:12 | 857052 Dr. Engali
Dr. Engali's picture

Quit your job, go lay on the sofa and watch tv...have a baby or two out of wedlock and complain all day because those that work don't pay you enough.

Fri, 01/07/2011 - 15:18 | 857071 Vashta Nerada
Vashta Nerada's picture

I'd like to see a correlation chart of food stamps vs. tramp stamps.

Fri, 01/07/2011 - 15:23 | 857094 Judge Smales
Judge Smales's picture

Roughly 100 percent corrolation, including all the kids.

Fri, 01/07/2011 - 23:42 | 858161 thetruth
thetruth's picture


Fri, 01/07/2011 - 15:44 | 857189 wisefool
wisefool's picture

"have a baby or two out of wedlock"

This is the absolute key. We have our PhDs in economics working on the wrong problems. Unemployment, Education, housing, agri-business, commuter pollution, and to a large extent, crime revolve around one and only one issue. Enlightened Bureaucratic Pornography.

If you encourage parental situations that match the 18 year maturity duration of a well raised child, <sarc>those types will have too many children.</sarc> Also one parent, if comfortable in a strong monogamous relationship, is likely to forgo playing master of the universe like Murphy Brown. This affects GDP and tax revenues.

If you discourage long term monogamous parental situations, then the partners have less control in the upbringing. If you take away the reward of a well raised child, why pay into the production? Enter FoodStamps, The Department of Education, The Department of Corrections, and the entire academic industrial complex, which the financial collapse has proven, teaches one curriculum, regardless of degree = Psychopathology! 

"A system of morality which is based on relative emotional values is a mere illusion, a thoroughly vulgar conception which has nothing sound in it and nothing true."

End the Fed, The IRS (tax code), and re-train anybody who has a graduate degree in LAS.

Fri, 01/07/2011 - 15:53 | 857232 alien-IQ
alien-IQ's picture

I'm looking forward to your next comment in which you will surely be rambling on about the luxurious life of state prison inmates.

The vast majority of people on food stamps are not there by philosophical choice but rather by desperate need to EAT. If you are looking for a chart correlation, why don't you look at the unemployment rate since 2007 and see if it correlates to the food stamp chart...Do you think the unemployment has just a little something to do with the rise in food stamp use or is that just a fucking coincidence?

There's a fine line between being a capitalist and being a heartless asshole...if you look in your rear view mirror, I'm sure you'll see it.

Fri, 01/07/2011 - 16:20 | 857340 wisefool
wisefool's picture

Not sure if you are responding to me or Dr. Engali, but my post applies to poor people with children as well as TPTB with their clepto-captiolistic ponzi (I was hoping to get some takers on the POMO/maturity language)

Fri, 01/07/2011 - 16:31 | 857383 midtowng
midtowng's picture

The correlation is between food stamps usage and the U-6. A lot of people forget that a majority of the people on food stamps are working poor.

Fri, 01/07/2011 - 16:36 | 857397 wisefool
wisefool's picture

The "talent" in a psuedo-intellectual inflationary buerocracy produced adult film.

Do you realize what most people at the SEC use their internet connections for? Continuing education.

Fri, 01/07/2011 - 16:57 | 857448 dbach
dbach's picture

My wife's coworker who is a single mother of a few, had something like $600+ that were about to expire, so what did she do? She threw a block party, buying the food with the SNAP money.

It's not about being/not being compassionate. We give to the food pantry - there people get what they need with better oversight for abuse.

And no we weren't invited to the block party, but we sure paid for (part) it.

Fri, 01/07/2011 - 20:29 | 857911 Max Hunter
Max Hunter's picture

Let's see.. Since SOME of the people take advantage of the system, the people that ARE poor and NEED the assistance get the same label.. Nice...

Yeah.. you're right, no such thing as poor people down on their luck.. Just a bunch of lazy fuckers spitting in the face off opportunity laid out so fairly by our FREE COUNTRY and capitalism..

Fri, 01/07/2011 - 22:54 | 858035 dbach
dbach's picture

There are poor people down on their luck. And I identified an appropriate means to meet these people's needs. I also didn't call anyone a lazy fucker as you so kindly put it.

Jeesh lighten up.

EDIT: You should read more critically before taking the time to tee-off on someone; you completely missed my point. But I won't hold that against you because your failure of reading comprehension is the fault of our broken education system. 

Your argument is one level of logic deep (people need food -> SNAP is good), while ignoring that charity isn't charity when it is forced by the government. Contrast that with the proposition that citizens help those around them through a conduit of their choosing, out of their own free will because its the right thing to do as a citizen/neighbor. The average person will say "Yes I can go without something I want and help the less fortunate". The most effective conduit for helping people will get the resources they need. I don't think the government is good at that and I would like to allocate my resources elsewhere but am I free to do that?

Finally, now the US government has 43 million people dependant on its help. Are people going to bite the hand that feeds them if there are other transgressions against them? (think TSA, excessive taxation, stupid wars, bailing out buddies).

Fri, 01/07/2011 - 23:38 | 858155 HungrySeagull
HungrySeagull's picture

It is good that the United States is so compassionate towards the poor.

My last can line I ran at the food pantry revealed about 300 families who were required to come to the Church and sign in as they were also receiving USDA foods etc. Every month the same people come. Along with some new faces. The cars they drive to get to the pantry are essentially out of service for a variety of reason, least of which is the pile of trash that they are too "Tired and Depressed" to take a moment and shovel out.

Every time some one swipes a food card, the entire checkout line is stopped waiting on a supervisor to come out, swipe his card and enter a pass code to allow the system to get it all in.

I just recently left a local grocery, in it were about 20 single mom families half of which are coughing and displaying signs of sickness and hunger while filling carts with the cheapest possible generic drinks and foods. The kind you open the box and pour instead of actually cooking .

Sat, 01/08/2011 - 10:37 | 858529 Max Hunter
Max Hunter's picture

because your failure of reading comprehension is the fault of our broken education system. 

Good idea.. We will just forget about indifference and chuck it up to my failure to comprehend... good one..

Look where the conversation goes everytime there is a post about food stamps.. Very little is said about the NEED for such programs and much is said about the abuse of it.. You decide where consensus stands..

Fri, 01/07/2011 - 20:22 | 857897 Max Hunter
Max Hunter's picture

There's a fine line between being a capitalist and being a heartless asshole...if you look in your rear view mirror, I'm sure you'll see it.

I liked your entire comment.. By looking at the number of junks on it, it appears that heartless assholes are not in short supply.. surprise.. surprise..

"poverty is the worse form of violence" Gandhi

Sat, 01/08/2011 - 09:31 | 858467 Dr. Engali
Dr. Engali's picture

There is a difference between being compassionate and taking care of the poor (which we should do) and dealing with those who take advantage of the system. All they do is provide nothing and raise the cost of living for the rest of us. Never ending food stamps,never ending welfare,or unemployment insurance provides a disincentive to work.

Sat, 01/08/2011 - 10:48 | 858544 TheGreatPonzi
TheGreatPonzi's picture

Max Hunter -> Why do I have the feeling you never were poor in your life?

The ones who always talk about poverty are the rich or the middle class.

The poors don't give a fuck about it.

My grand-parents were poor, just like nearly everybody else, they just sucked it in and worked. At the time they were living in a 14 degree Farenheit home during the winter and were killing hogs for a living.

Today, I have the feeling - and not just the feeling, actually, because I lived right next to a lot of "poors" - that if people spent more money on basic needs than on expensive clothes and phones, they would have a lot more disposable income. You can call me an heartless asshole, I don't care, because I'm probably more sensible to injustice than you, and poorer than you.

Fri, 01/07/2011 - 23:45 | 858166 thetruth
thetruth's picture

if you look in the rearview mirror, shouldn't you be seeing the road behind you?  just saying

Sat, 01/08/2011 - 10:24 | 858515 nmewn
nmewn's picture

"There's a fine line between being a capitalist and being a heartless asshole..."

I've wondered where that line resides myself.

I've also wondered how much time "the poor" spend worrying about the hopes/dreams/aspirations of "the rich".

Not being poor or rich I wouldn't know...I would like to believe it's a two way street...but I kinda doubt it ;-)

Fri, 01/07/2011 - 16:01 | 857269 voltaic
voltaic's picture

You may want to look at the demographics of SNAP before jumping on the Glenn Beck rant:


About 40% of recipients worked 48 or more weeks.

Less than 5% of recipients collect welfare.

About 25% have some college education.

Fri, 01/07/2011 - 16:10 | 857305 AnAnonymous
AnAnonymous's picture

Rather stupid. Guys laying those accusations do not care about that. They want to blame people.

Food stamps is the life. Much better than eating in fancy restaurants.

When you want to beat a dog...

Fri, 01/07/2011 - 20:31 | 857914 Max Hunter
Max Hunter's picture

Zacky!!  spot on..

Fri, 01/07/2011 - 16:31 | 857382 Dr. Engali
Dr. Engali's picture

Glenn Beck is a fool. Me thinks you probably follow him more closely than I.  I do know people who were employed by me and I know how they would calculate just how much they  could work before it affected their benefits.They wouldn't work a minute more. They all fit the same demographic.

Fri, 01/07/2011 - 16:34 | 857390 midtowng
midtowng's picture

That only means that you aren't paying much.

In order to collect food stamps you have to be very poor, and own very little.

Considering the way you talk about your employees, you must not have any respect for them at all.

Fri, 01/07/2011 - 16:43 | 857409 Dr. Engali
Dr. Engali's picture

Sorry but you are wrong there. I made sure to pay above what the market would bare to retain good help. I never felt turnover led to anything good,and over the long haul was more expensive. But there was always a certain  group of people who would always do the same thing....calculate what they can work and not work past that. Of course you are probably the type of person who believes that  you should make more money than the business operator.

Sat, 01/08/2011 - 03:40 | 857404 AnAnonymous
AnAnonymous's picture

Are you telling that your employees are intelligent enough not to push themselves into impoverishing situations?

You should have hired stupider people then... Less able to compute the best deal for them. You should be able to extract more from this type for a lower cost.

Fri, 01/07/2011 - 17:29 | 857545 QQQBall
QQQBall's picture

I cannot provide it, but I serious doubt if only 5% of welfare recipients food stamps. they might call it WIC or some other bullshit, but it is absolutely unbelievable that only 5% get food stamps. SO there junk me.


Over 70% of black babies are born to single moms or sumtin like. That is messed up! Da' be getting da' SNAP. 


Is it really true you can us SNAP at Fastfood restaurants? Really?

Fri, 01/07/2011 - 18:48 | 857753 Agent P
Agent P's picture

I believe the comment was 5% of SNAP recipients also receive welfare payments, not the other way around as you have it.

Fri, 01/07/2011 - 22:38 | 858057 Gold...Bitches
Gold...Bitches's picture

If you got a problem with WIC - you're a fucking moron.  Obviously you have no idea how WIC works or what is allowed to be purchased or the amount that is provided.  I'm not gonna spam the entire list but here is an example:



Type and size specified on check
Fluid milk: Least expensive brand, Fat Free, 1% Lowfat 
NO flavored milk or buttermilk

Only when specified on check:
Fluid milk:  Least expensive brand, 2% Reduced Fat milk, Whole milk
Evaporated or dry milk: Least expensive brand , Whole, Lowfat or Fat Free
Long-Life milk: Any brand, Whole, Lowfat, or Fat Free
Lactose free milk: Any brand (Example: Lactaid)


One package only, up to 16 ounces

Any brand, American, Colby, Cheddar, Monterey Jack, Mozzarella or Muenster
NO deli cheese
NO sliced cheese (except American)
NO string, shredded or imported cheese, cheese food/product/spread, individually wrapped slices, snack packs, or flavored cheese


Its all like that for all the items.  Google something next time for 10 seconds.

and they say qty of each item.  If they dont list that you can buy one of this or that and at this specific size you cant get it.,+Infants+and+Children+(WIC)+Nutrition+Program&sid=Eeohhs2&b=terminalcontent&f=dph_wic_c_list_food&csid=Eeohhs2



Fri, 01/07/2011 - 18:47 | 857752 Dr. Sandi
Dr. Sandi's picture

How do you see to type with your head that far up your ass?

Fri, 01/07/2011 - 15:06 | 857013 Dr. Engali
Dr. Engali's picture

Not a bad looking chart. Maybe I should have put my money to work there.

Fri, 01/07/2011 - 15:38 | 857167 Sudden Debt
Sudden Debt's picture




Fri, 01/07/2011 - 15:51 | 857224 DonnieD
DonnieD's picture

Don't give GS any ideas. They'll get long Food Stamp calls and drive every middle class American onto the rolls.

Fri, 01/07/2011 - 19:48 | 857846 NumberNone
NumberNone's picture

Too bad for GS that JP Morgan has already cornered the market on food stamps.  Does anyone think that the food stamps numbers will ever go down as long as that giant leach JPM makes money from it?

Here's an interesting online question I found about this from someone on food stamps..."Can JP Morgan stop you from getting food stamps when you owe them money?" 

If this is a concern to people on food stamps...the possibilities are endless in terms of what JPM could do with this power.  Feel free to speculate. 

Fri, 01/07/2011 - 15:08 | 857016 DonnieD
DonnieD's picture

That's 43.2 million people contributing to food price inflation. Have we learned nothing in the past 2 years? If you can't afford it, you shouldn't get it!


Fri, 01/07/2011 - 15:13 | 857055 Zon
Zon's picture

depends. In a true free market(fyi, the one we have right is nowhere near free) there should be no food stamps. However in our current Corporatist economy, food stamps are needed as they are the only thing keeping the corporations from paying us in a loaf of bread for every 40 hours worked.

Fri, 01/07/2011 - 15:25 | 857107 tmosley
tmosley's picture

Logic failure.

Compensation rates are set by market forces, not corporate fiat, even in a corporatist economy.

Fri, 01/07/2011 - 17:28 | 857549 QQQBall
QQQBall's picture

Is it true that the 43.2 MM are only the adults?

Fri, 01/07/2011 - 17:46 | 857593 tmosley
tmosley's picture

A very interesting question for which I do not have an answer.

Fri, 01/07/2011 - 22:49 | 858073 Gully Foyle
Gully Foyle's picture


"Is it true that the 43.2 MM are only the adults?"

It should include anyone having regular meals in the home. States differ, and obviously claims differ. There may be adult children having meals but not included in the food stamp calculation.


Fri, 01/07/2011 - 15:21 | 857079 goldfish1
goldfish1's picture

Looks like I'm truly fortunate to be working at the grocery for minimum wage parttime. No layoffs there.

Fri, 01/07/2011 - 15:42 | 857177 uno
uno's picture

also the feds pay farmers not to plant

Fri, 01/07/2011 - 15:49 | 857211 hedgeless_horseman
hedgeless_horseman's picture

It is very important to understand that farm subsidies subsidize the consumer, not the producer.

Fri, 01/07/2011 - 16:06 | 857288 MachoMan
MachoMan's picture

They're both subsidized and, for the poster above, the government doesn't pay dick to not farm your land...  that practice is largely over.  Now, there are numerous programs to take your land out of production, but this is not the same as fallow.  Don't forget farming via crop insurance.

Fri, 01/07/2011 - 16:31 | 857380 NotApplicable
NotApplicable's picture

Now, there are numerous programs to take your land out of production, but this is not the same as fallow.

What's the difference?

Around here there are many farms that do nothing with the land now but cut hay.

Fri, 01/07/2011 - 18:36 | 857730 MachoMan
MachoMan's picture

The difference is the time frame.  Some governmental programs take land out of production permanently, others only temporarily or do not require, for example, planing of trees on the property (just leaving land fallow).  As a result, the respective subsidies are different.

Fri, 01/07/2011 - 18:36 | 857729 Widowmaker
Widowmaker's picture

Smartest comment on this thread.

Fri, 01/07/2011 - 15:08 | 857017 RobotTrader
RobotTrader's picture

Dean Foods up 9% on huge volume today.


Fri, 01/07/2011 - 15:14 | 857034 Cognitive Dissonance
Cognitive Dissonance's picture

Huge volume. I can't believe I ate the whole thing.

Fri, 01/07/2011 - 15:48 | 857214 Greater Fool
Greater Fool's picture

That poor dog's owner should be shot. </hijack>

Fri, 01/07/2011 - 15:58 | 857252 DonnieD
DonnieD's picture

Apparently the owner was already eaten.

Fri, 01/07/2011 - 16:08 | 857293 MachoMan
MachoMan's picture

My guess is someone got the "ma'am, you can't buy dog food with food stamps" speech in the checkout lane.

The response is always the same, "I'll just git em' some ground beef instead, he likes it more anyway".

Fri, 01/07/2011 - 16:22 | 857350 RobD
RobD's picture

Actually feeding a dog ground beef would not make it fat like that. What makes dogs fat are all the grains they put in the dry dog food. That dog will die(or already has) of a diabetes related illness.

Fri, 01/07/2011 - 16:44 | 857419 DonnieD
DonnieD's picture

At least he's good for a couple coats and a rug.

Fri, 01/07/2011 - 18:23 | 857697 VeloSpade
VeloSpade's picture

If its owner ever gets cut off from food stamps, slaughter the dog. Free food for a year.

Fri, 01/07/2011 - 22:47 | 858068 PalmiticGlycerin
PalmiticGlycerin's picture

Don't be foolish, that's a cross between a Husky and Grizzly bear.

Sat, 01/08/2011 - 00:53 | 858250 tickhound
tickhound's picture

Clearly this dog is American

Fri, 01/07/2011 - 21:38 | 857995 Cathartes Aura
Cathartes Aura's picture

RobD has the comment closest to the truth here. . .

pet food used to contain "mechanically reclaimed meats" - but that's now used in human fudstuffs, and the pets get "by-products" - which is anything that isn't classified for human consumption, and given pretty much EVERYthing is "fit for humans" now, all the pets are getting is ground feathers, tumours, and. . . well, you can *imagine*. . . plus major amounts of GMO grain filler (soy & corn mainly), and you've got - voila! pet diabetes!

any vet will tell you that selling pet health insurance helps pay for all those daily injections - and it's growing exponentially, like the pets. . .

Fri, 01/07/2011 - 18:37 | 857733 Widowmaker
Widowmaker's picture

That is the owner.

Fri, 01/07/2011 - 16:02 | 857264 Hulk
Hulk's picture

Holy carp! Hairy Armadillo!

Fri, 01/07/2011 - 18:57 | 857767 Agent P
Agent P's picture

My compliments to you for posting the picture and kicking off one of the funniest string of comments I have ever seen on this site.  All of you (above) should be proud of the work you have done today.

And to the one serious comment from RobD, you'll be happy to know I feed my dog grain free dog food...not because I'm worried about her getting fat, but because the regular stuff causes her to shit all over the house.

Fri, 01/07/2011 - 21:39 | 857999 Cathartes Aura
Cathartes Aura's picture

that's one smart dog, kudos.

Fri, 01/07/2011 - 19:49 | 857849 I Am The Unknow...
I Am The Unknown Comic's picture

Hey!  It's the Goldman Sachs mascot!  (You ought to see it from behind - yowzah!)

Fri, 01/07/2011 - 15:10 | 857043 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I told you to buy Whole Foods a year ago.  You do buy and hold, don't you?

Fri, 01/07/2011 - 15:38 | 857166 velobabe
velobabe's picture

homeless just graze whole foods all day here. these hippies can't say a thing, like please don't eat all the samples, they are for our customers. what a fuck sell out that store has become. i always use Benjamin's a couple usually. dumb blond woman hold it way high in the sky to the light. this could be counterfeit, really what is plastic. i let them have it and tell them how insulting this procedure is to me. i just can't stand corporations pass along a procedure of quilt when using large bills. pisses me off to no end. but i put them thtrough hell every time. love it. insult right back. you know what your looking for. hell at staples i got the light test and the pen test.

Fri, 01/07/2011 - 16:15 | 857314 dark pools of soros
dark pools of soros's picture

what do you do with the change??  besides pad your ego with it..

Fri, 01/07/2011 - 19:02 | 857781 Agent P
Agent P's picture

If she's shopping at Whole Foods, I'm guessing there isn't much change coming back from a hundo.

Fri, 01/07/2011 - 16:18 | 857324 MachoMan
MachoMan's picture

I remember a presentation by James "the amazing" Randi (former magician turned "critical thinker").  He said he loved to fuck with people who check for counterfeit bills because the tests they used were not accurate and the practitioners had no idea what they were testing.  Case in point, he always washed/sprayed bills with starch.  He'd then go places and pay with the starch bills and the counterfeit pens would show a false positive.  He'd then argue with them about the accuracy of their testing.

I think he got frustrated with that approach and instead went to the bank and started getting thousands of dollars of 50's and 100's and spraying them all with starch and then going back, dumping them on the bank, and letting the bank circulate them through the general currency.

Some other suggestions I've seen would be to also carry a cotton paper bill you made yourself...  you could put ben's money shooting ass on it and tell them to run the pen on it...  what do you know, it passes! 

Fri, 01/07/2011 - 16:25 | 857343 hedgeless_horseman
hedgeless_horseman's picture

Flush with C-notes?  Sounds like you are back in business again, Kathy.  Congratulations!  Is he someone I might know?

Fri, 01/07/2011 - 16:28 | 857368 Dr. Porkchop
Dr. Porkchop's picture

There are so many places in Canada that won't take $100 or even $50 dollar bills. I shudder when I get one, thinking where can I get rid of this thing? The funny thing is that one of the coffee shops that won't take $100 or $50 has handed me at least two $5 fakes. I still have one as a conversation piece. The other I got rid of in a change machine! So much for the fancy holograms on the bill, this fake didn't even have them.

Fri, 01/07/2011 - 16:35 | 857394 NotApplicable
NotApplicable's picture

Protip: Never admit to passing counterfeit bills in public, especially in writing.

Now, I'll give you a 15 minute head-start before I alert the Mounties. ;-)

Fri, 01/07/2011 - 16:54 | 857432 Dr. Porkchop
Dr. Porkchop's picture

It's a shame, the banks hand out fake money all day long.

Fri, 01/07/2011 - 22:45 | 858065 Gold...Bitches
Gold...Bitches's picture

people never learn

Sat, 01/08/2011 - 13:31 | 858762 Bananamerican
Bananamerican's picture

oh they learn....

they just always forget

Fri, 01/07/2011 - 17:40 | 857569 QQQBall
QQQBall's picture

yeah, I had it when they make me feel all quilty and shit ;)


Pretty soon, they will call the TSA to search you if you be passing C-notes.

Fri, 01/07/2011 - 21:47 | 858007 Cathartes Aura
Cathartes Aura's picture

always good to hassle the low-level employees who are doing what they're instructed to, in order to stay employed. . . good to hassle them about people eating free samples too, can't have free-loading. . . also good to stereotype blonde women as "dumb" and then hassle them too. . .

always patronise shops you can patronise I say!

Sat, 01/08/2011 - 13:36 | 858769 Bananamerican
Bananamerican's picture

if she lives in CA she's entitled to say those things.....

Fri, 01/07/2011 - 15:27 | 857109 Bill Lumbergh
Bill Lumbergh's picture

It is referred to as "filling the gap"...maybe that is taught at IBD Level 23.

Fri, 01/07/2011 - 15:07 | 857020 DoChenRollingBearing
DoChenRollingBearing's picture

Food related ETFs might be a way to play this.

DBA (various foods)

CORN (corn)

There may be other newer ones as well.  Hard to keep up with all the ETFs.

Fri, 01/07/2011 - 15:12 | 857044 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

ETFs are crapola.

Fri, 01/07/2011 - 15:14 | 857057 DoChenRollingBearing
DoChenRollingBearing's picture

Well, yes, especially gold & silver ETFs.

I mention the above two as ways to speculate (on paper of course) on food...  

Disclosure: I have some DBA

Fri, 01/07/2011 - 15:17 | 857069 walküre
walküre's picture

DBA had nice upside


Fri, 01/07/2011 - 15:41 | 857175 velobabe
velobabe's picture

i bought some DBA a while back, when jimmy rogers was a little more prominent. i saw that he started his own ETF.

Fri, 01/07/2011 - 17:43 | 857575 Sancho Ponzi
Sancho Ponzi's picture

PBJ is another

Fri, 01/07/2011 - 21:06 | 857955 VeloSpade
VeloSpade's picture

Leveraged DAG up around 110% last 9 months.  Free buying power if you know how to trade around the decay...when it happens.

Fri, 01/07/2011 - 20:57 | 857949 VeloSpade
VeloSpade's picture

This isn't some fucking investment website.  No disclosures are required.  In fact you can totally talk your book without fear of reprise....or not.

Fri, 01/07/2011 - 15:11 | 857048 Bear
Bear's picture

Try POOP ... it looks to be a great mover in the weeks ahead ... GS just revised guidance from hold to buy

Fri, 01/07/2011 - 15:14 | 857054 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Great minds think a like.

Fri, 01/07/2011 - 17:05 | 857469 dbach
dbach's picture

Just wait til everyone decides to dump at the same time, things will really be in the crapper

Fri, 01/07/2011 - 19:26 | 857824 EvlTheCat
EvlTheCat's picture

No, just buy PLNGR.

Sat, 01/08/2011 - 01:19 | 858269 RockyRacoon
RockyRacoon's picture

Up to my ass in DRNO.

Sat, 01/08/2011 - 11:01 | 858559 Mesquite
Mesquite's picture


Too much...

Got my moneys worth on that one..

( Hope they don't find a way to tax laughter..!)

Fri, 01/07/2011 - 15:09 | 857021 Racer
Racer's picture

Must be that trickle down wealth affect from rising share prices... see how much the chart is going up so a great result...

ZimBen and the Genocidal InkJets... give yourself a pat on the back for a great achievement

Fri, 01/07/2011 - 15:07 | 857022 Spalding_Smailes
Spalding_Smailes's picture

I think the chart is showing weakness and should be rolling over soon ...

Fri, 01/07/2011 - 15:24 | 857099 Commander Cody
Commander Cody's picture

Pick your nose and eat it.

Fri, 01/07/2011 - 16:37 | 857398 NotApplicable
NotApplicable's picture

A booger a day keeps the bird flu away.

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