Market Celebrates Just Announced Record Foodstamp Usage By Closing At 2010 Highs

Tyler Durden's picture

For those seeking a perfect explanation of what is happening in United Banana States of America right now, then look no further: the just released September Supplemental Nutrition Assistance program data is out and we are happy to report that the number of poor Americans has never been higher - SNAP recipients just hit a fresh all time high of 42.9 million. Naturally, the market celebrates the record number of poor Americans by closing at 2010 highs. No long-winded, somnolent essays, no rants, just observations. These two facts explain everything that is happening in this unrecognizable banana republic. Now that is a five year banana plan you can believe in.

h/t John Lohman

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Sudden Debt's picture


DeanTheMachine's picture

You know, I've seen that gif a thousand times now, and it never gets old.  I'm chuckling to myself right now.

66Sexy's picture

methinks we're pricing in QE3... bad news is good news.


im sure the free money junkies appreciate the efforts of the american people to remain unemployed.

Nepenthe's picture

This. (or QE2 supersized) The Bernank will be on 60 Minutes and indicates that QE2 could grow...

Divided States of America's picture

Anyone want a Banana Split courtesy Banana Ben?


I guess they just call it QE∞

Kina's picture

They will have to price in nation wide riots at some stage.

FEDbuster's picture

Urban riots will be a good reason to bring some of the troops home, mostly National Guard units.  As two million "99'ers" roll off the unemployment teat this month, local PD and National Guard groups will gear up for the coming collapse of society. The Ben Bernak will be blindsided again, "We did not see this coming, real estate prices in NYC, Georgetown and the Hamptons were improving?"

Idiot Savant's picture

+1 - Not just any troops either, but troops that have spent several years perfecting urban combat. Citizens, no matter how well armed, won't stand a chance.

Shameful's picture

Fighting the American public would be retarded.

Why on God's green earth would you fight them when any major town can be turned off with a flip of a switch and a few predator drones?  Turn off the water and power and block food.  Block the roads with light to medium armor and you create a siege situation, against a angry, narcissistic population with no provisions.  Will the people assault the open freeways into teh face of armored combat vehicles?

After a few weeks the locals would accept anything to get the water/power/food turned back on.  And such a thing would be quite easy.  Instead of using hundreds of thousands of troops pacifying a major metropolitan area they could let the areas destroy themselves.  This can be done with a few thousand or less even with major towns, just spread the net wider.  All about knowing your opponent and using their strengths and weaknesses against them.

Think about what LA would look like with no power and no food coming in.

Idiot Savant's picture

You read way too much into my post and jumped to conclusions. The tactics and hardware you mention is exactly what I'm talking about.

Don't you think citizens would attempt to rise up?  Again, citizens, no matter how well armed, wouldn't stand a chance.

If I'd known you are so hung-up on semantics, I would have used warfare instead of combat.

Shameful's picture

Rise up in an organized way, no. There is no leader or unifying force. They would get pissed and loot their neighborhoods. Think we have seen this in our own culture enough.

As to reading to much in, if that is what you meant I stand mistaken. Many people tend to assume that Uncle Sugar would actually sent the troops out to fight door to door. So I had no way of knowing from your comment about such conflict.

We are in agreement that should the oligarchs wish they should be able to suppress any civil unrest by letting it burn out.

Red Neck Repugnicant's picture


I find your thoughts on urban warfare fascinating, especially the idea that our government might block all food to our cities.  That's fucking scary!

In such a scenario, do you think Americans will resort to cannibalism?  I may not have a bunch of missile launchers like you guys, but I've got one hell of a barbecue pit and I've got no qualms about eating my neighbors.  If ever there was a meal that called for Heinz Bold and Spicey, it would be a porterhouse cut from Mr Czervik down the street.   

Do you know if human flesh has gristle?  

StychoKiller's picture

And this post is from the same person goin' hyperbolic when someone mentions beans, bullets, bullion and bunkers?  WTF?

tmosley's picture

Liberals do love converting productive capital into consumption goods.  Eating the flesh of men rather than working together with them to build a better future is not that big a leap for them.

DaveyJones's picture

Let's experiment on DC?

bankonzhongguo's picture

A grotesque display of how bad things are is the fact that many of the dependents of deployed US service personnel are Food Stamp recipients.

Never mind the veterans that return from combat and discharged only to be unemployed.

Even when you go out on your third deployment in two years, your wife and kids are getting by on EBT.

RockyRacoon's picture

Lots of talk about our troops turning on citizens...

Don't forget about Xe.

Kopfjager's picture

Don't be ridiculous.  These troops that have spent years perfecting urban warfare would be, have always been, and always will be on the side of the people.  We, more than anyone, have been on the receiving end of Washington's policies since the inception of the United States.  

johnnynaps's picture

I agree. Along with that point......One, my military friends are down to earth enough not to turn on the American public. Two, Congress fears the military and keeps them overseas (watch Gladiator!) which would heavily deflate their impact. Three, look at how effective our military was in the BP oil-spill and Hurricane Katrina.

trav7777's picture every turn, they have done exactly that.

Civil War, Bonus Army, Draft Riots, Kent State, Katrina?  The military will follow orders.  If they don't, there will be penalties imposed by those who still are following orders.

One thing the history of warfare has shown is that things have to be REALLY bad before the enlisted will even turn on their own officers.

Shameful's picture

Do you really think the oligarchs are stupid?

First off they will not tell the troops "We are going to kill a bunch of Americans for bankers! Get some!"

What they will do is have them briefed how it's a succession movement or domestic terrorists. And that they are the last line of defense to old America together. They will invoke Lincoln and the Civil War and that they have to do what they must to keep the Union together. After all Americans invaded and killed other Americans in the Civil War did they not? Hell troops attacked vets in the protests marches of the Great Depression. History is full of the nations military suppressing the people, America is not special in history. It like all other nations is made of men and women.

Also correct me if I'm wrong but don't they block some of the net on bases? How much more will they block from the troops when things really heat up?

Founders Keeper's picture

[These troops...have always been, and always will be on the side of the people.]---Kopfjager

Thanks for your post.  And, from the sounds of it, thank you for serving our country in uniform.  We, The People, certainly hope our military men and women will honor our Constitution.

Shameful's post regarding the use of military siege to quell a city-wide riot deserves some discussion.  It is not out of the realm of possibility---nothing is, anymore. 

For the sake of gaming it out, let's say 4 medium size U.S. cities and 1 large city experience city-wide protests that simultaneously erupt into disruptive and violent riots.  Riots beyond the scope of local law enforcement to control. 

Media coverage is going to be the wild card.  Coverage reported from outside the cities, and live coverage broadcast from within the cities.  Will the rioters receive media sympathy or will the victims of the violence? 

How about the troops securing transport routes in and out of the cities.  How many will protest the siege orders.  Will troops be injured by citizens at checkpoints? 

How about life within the sieged cities.  Law enforcement will be overwhelmed.  Will some officers quit their job to be at home to defend their loved ones and property from roving looting gangs and criminals? 

What about militia groups outside the sieged cities.  How long will they wait to act---to come to their countryman's aid?  How will they respond?  Will they act in concert will other militias?  Will they limit their aid to smuggling food, water, and fuel into the starved cities?  Will militia members sneak into the cities to aid police efforts to provide security?  Or, will the militias act with force against US troops at checkpoints? 

What else is developing in other cities or states or nations while all this is going on? Will coverage of the sieges take backseat to other more compelling news? 

There is much to consider.  Scenarios like this are not black and white.  Very fluid.  Lots of wild cards.

OK to think through it.  Hope we don't have to live through it.

Hope for the best, and prepare for the worst.

Red Neck Repugnicant's picture


There is much to consider.  Scenarios like this are not black and white.  Very fluid.  Lots of wild cards.


Agreed.  Lots of wild cards.  Very, very fluid situation right now.

You need guns.  You need canned food - lots of it, preferably with minimal sodium because water will be scarce. You need a network of friends, each one with a unique talent to help keep the community intact. All extraneous people should climb trees, and be on lookout with binoculars.  You'll need a tank.  Definitely need tanks.  Probably could use some sort of tarp to help hide the hams - people will be hungry.  There will be dysentery, so anyone with rectal surgery training should be held in secret locations across town.    

Lots of variables.  Very fluid.  Many, many wildcards.


Snidley Whipsnae's picture

We need only read 'The Rise and Fall of the Third Reich' to see how civilians can and will be controlled by government.

The take down of civilian resistance is done one group at a time, be it political, religious, ethnic, or mental defectives. By the time that the few remaining dessenters are 'come for', it's way too late for any protest because there are few left to protest.

In addition, an army of informers will be quickly formed to rat out any groups meeting secretly to form resistance groups. Simply read how East Germany was coopted under the Stazi secret police by giving informers small favors. Kids were ratting out parents, spouses were ratting on each other, neighbors were ratting on each other, etc. After E German Stazi records became accessable it was found that about 75% of the population were ratting on someone.

Guns to fight an army of Brown Shirts or SS or German Natl Police or Stazi? Get real.

Founders Keeper's picture

[All extraneous people should climb trees, and be on lookout with binoculars.  You'll need a tank.  Definitely need tanks.  Probably could use some sort of tarp to help hide the hams...]---Red Neck Repugnicant

I read your Reply before logging off to go to bed last night. 

I don't much like gaming worse-case scenarios in public.  It makes some people feel uneasy.  I generally prefer facts and solutions.

Before climbing into bed last night, I prayed for you and your family.  I asked God to bless you and your loved ones.  To grant you financial prosperity and good health.  I prayed for you and your family peace, joy, and freedom.  (No sarcasm here.  Sarcasm is not my thing.  And no, I usually don't tell people I've prayed for them.)

I've read many of your posts.  I disagree with your position of course.  But, I think it's worth noting you have a gift for writing.  Your sarcasm is potent.  More importantly, you develop your posts, moving from subtle to surprise.  I hope God helps you find the means of channeling that talent toward helping others.

OK.  Now that's about as nice as I can stand being this morning.

Red Neck Repugnicant's picture


You win. I lose - that doesn't happen often. 

That was actually a really nice post, and I now I think I regret targeting you. 

I hope you have a wonderful weekend, and good health and happiness this new year.

Take care...


BaboonAss's picture

Don't forget the Predator/Reaper drones. I'm sure they'll be put to good use in the domestic "urban pacification" role. Wedding parties in Waziristan or Watts, whats the dif to the drone "pilots" sitting in the command center outside Vegas?

johnnynaps's picture

Predator drones will become mantle pieces.....I will trade a good bottle of scotch for a displayable drone!

Founders Keeper's picture

[You know, I've seen that gif a thousand times now, and it never gets old.  I'm chuckling to myself right now.]---DeanTheMachine

Now I'm chuckling.  I swear, earlier today I was going to write the same thing to Sudden Debt about his animated avatar.  Best avatar on the website.

Mr Lennon Hendrix's picture

Do you wear a different hat for each one of your avatars?


JGus's picture

What cracks me up about THE HarryWANGER is that he was spouting things off just like this from Feb-April 2010. The S&P was on it's way to new all-time highs and there was absolutely nothing that could stop it!


Then, a little something called the flash crash turned him into this big grizzly bear. He was shorting the market and shooting down bulls left and right. His comments were often very dark and foreboding and we were likely on our way to test the lows of March '09.


Sometime during the rally that began in late August (probably late September) he suddenly decided that all of the horrible things HE had been saying about the economy were actually false and that we were once again on our way to the moon.


I don't have the time, energy, or patience, but it would be hilarious if someone went back through his comments over the course of the year and posted a sampling of them beginning in the spring and going through present day.


What a WANGER!!!

A Nanny Moose's picture

or just manic depressive?

Ham Wallet's picture

Shocking turn of events...stores are packed during the holidays.  Wow.

Thanks for the news from the ground. 


Aknownymouse's picture

The Wanger seems to be eyeing a spot on CNBC with Steve the Lies Man

Ratscam's picture

Your comment on a topic like that? PLEASE!

GO FUCK YOURSELF at your wonderful evening show, and please shove any of your home decor 5-20'000 USD item up your hairy ass, you stupid ...I could go on...

Thank you Tyler for not taking him offline, the most flagged person on ZH, since he helps me to release my stress level back to normal, by just flagging him. Sometimes for no reason, just for the fun of it!

Since ZH I cannot call myself prolific any longer.

DaveyJones's picture

the only thing jammed are your ears 

Ted K's picture

What's wrong with you?? Everybody knows the first thing you do with California welfare is you get on the bus going to Vegas Casino, get 5 packs of cigs and head to the slot machines.  You must be one of those new immigrants to America that actually wants to work for a living.  

KTV Escort's picture

to all you idiots (welfare, retirees on SS & pensions, etc) who regularly blow your wad at the casinos: buy a silver coin every week instead... in 3 years you'll have made up all your losses, and you'll be doing your part to stick it up Blythe's ass

Troublehoff's picture

Yes! Mwhaha


But 'Sudden Debt'.... I fear I may need a new icon called 'Sudden M2'. Less catchy, I admit but ultimately it will dwarf the sudden debt monster. 

Gully Foyle's picture

Sudden Debt

Where the fuck are this weeks bank closings? Fucking lord, don't tell me they are posturing for the Christmas season!

unununium's picture

Maybe they are holed up at the Round Table test kitchens, getting ready to close BAC next week.  Like the tide going out before the tsunami.


Miss Expectations's picture

And BANANA Cake:

This banana cake is just the right size for a small family. Serve this banana cake as a snack cake or as a dessert. Ingredients:
  • 4 ounces butter, softened
  • 3/4 cup light brown sugar, firmly packed
  • 1 large egg
  • 2 to 3 bananas, mashed, about 3/4 cup
  • 1/4 cup buttermilk or sour milk
  • 1 teaspoon vanilla extract
  • 1 1/2 cups all-purpose flour
  • 1 1/2 teaspoons baking powder
  • 1/2 teaspoon baking soda
  • 1/2 teaspoon salt
  • 1 scant teaspoon ground cinnamon
  • 1/8 teaspoon ground cloves
  • 1/8 teaspoon ground nutmeg

Heat oven to 350°. Grease and flour an 8- or 9-inch square pan. In a large mixing bowl with electric mixer, cream butter and brown sugar. Beat in egg, milk, vanilla, and mashed banana until blended. Combine remaining dry ingredients and spices. Stir the dry ingredients into the first mixture until moistened. Spread in prepared pan. Bake for 25 to 30 minutes, or until cake springs back when lightly touched with finger.
Frost with a cream cheese frosting or sprinkle with powdered sugar.

101 years and counting's picture

i told everyone this morning....just buy the fucking dip.  it's a buy the dip scheme and it works!

Sudden Debt's picture

the dow still needs to catch up with the gold and silver explosion.

RIDE TO THE MOON!'s picture

Heat chicken and hot sauce in a skillet over medium heat, until heated through. Stir in cream cheese and ranch dressing. Cook, stirring until well blended and warm. Mix in half of the shredded cheese, and transfer the mixture to a slow cooker. Sprinkle the remaining cheese over the top, cover, and cook on Low setting until hot and bubbly. Serve with celery sticks and crackers.

Jim in MN's picture

Well, DIP MAH SCRIP that sounds nice.

jedimarkus's picture

YOU BETTER BUY NOW!!!!  IT IS NEVER TOO LATE TO GET ALL IN!!!  QE3 guaranteed!  Free put options too!  VIX plummets!!!