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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Sophist Economicus's picture

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

Haywood Jablowme's picture

Vienna Sausages and SPAM sammiches biznitches!

That Potted Meat Spread starting to look DAMN GOOD!



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.

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.

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.

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.

silver_serf's picture

Thanks for the link, very informative. 



I Am The Unknown Comic's picture

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

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?

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 :)




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

Widowmaker's picture

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

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.

Michael's picture

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

RockyRacoon's picture

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

homersimpson's picture

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

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.

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.

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.






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.'

-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.
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...

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.)


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?

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.


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.



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. 


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.

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?

Cheesy Bastard's picture

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

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:

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.

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.

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.

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.

ColonelCooper's picture

"But what if one is selling?"


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.

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?

Gully Foyle's picture


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

TANSTAAFL - Heinlien.

alien-IQ's picture

No doubt the market will rally on this news.

Please shoot me.

Hollywood's picture

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

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...

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.

TriggerFinger's picture

can you buy ammo with food stamps?

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.