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Time To Celebrate The Recovery: Food Stamp Usage Hits Fresh Record

Tyler Durden's picture




 

That average monthly benefit of $133.24 for 44.199 million people will help with the purchase of one third of a very edible iPad. Food stamp participation chart presented without further commentary.

courtesy of John Lohman

 

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Tue, 05/31/2011 - 10:14 | 1325153 Ancona
Ancona's picture

No soup for you....One Year!

Tue, 05/31/2011 - 10:18 | 1325159 Herne the Hunter
Herne the Hunter's picture

go long soup nazis

Tue, 05/31/2011 - 10:28 | 1325194 Dolemite
Dolemite's picture


Top in place after today?

http://deadcatbouncing.blogspot.com/

Wed, 06/01/2011 - 03:26 | 1327747 mr_T
mr_T's picture

How much for one rib? 

How much if you pour some soda in my hands?

 

The only change, is no change... suckaas....

 

Wed, 06/01/2011 - 03:30 | 1327748 mr_T
mr_T's picture

How much for one rib? 

How much if you pour some soda in my hands?

 

The only change, is no change... suckaas....

 

Tue, 05/31/2011 - 10:41 | 1325275 Hugh G Rection
Hugh G Rection's picture

USA USA USA!!!

Tue, 05/31/2011 - 10:50 | 1325313 throughthewire
throughthewire's picture

Barrack Hussein Obama, mmmmm, mmmmm, mmmmm!

Tue, 05/31/2011 - 10:56 | 1325322 kridkrid
kridkrid's picture

Right... because if only we had a different president, things would be... well.... different.  You are being fed the words that you use to keep the false dichotomy alive.  The pendulum will swing back and forth as we circle the drain.

Tue, 05/31/2011 - 11:10 | 1325394 redpill
redpill's picture

Yep.  Meet the new boss, same as the old boss.  Does anyone think Mitt Romney or any of the other silly gaggle of "GOP Frontrunners" is going to do anything but follow whatever the Fed/Goldman tells them to?

They all can talk a mean game of fiscal responsibility.  But in the end they are all politicians at heart, and when they realize real fiscal maturity would mean they become the "bad guy" of history that cut off the slop from the government trough, they'll decide it's better to kick the can down the road some more.

 

Tue, 05/31/2011 - 11:28 | 1325475 kridkrid
kridkrid's picture

Even when austerity comes, it's still just part of the same evil system.  The purpose  of austerity isn't to pay down debt, rather maintain some level of debt servitude until the system completely unravels.  The oligarchs wishes are still being served. 

Not only are the final two candidates carefully vetted (final representative of each party), I believe almost all of the candidates in the respective primaries are vetted.  Elections are fixed, but not in the way many people think.  The fix is in waaaaaay before people go to polls.  It doesn't matter much from there.  All my opinion, of course.

Tue, 05/31/2011 - 11:50 | 1325544 Arthor Bearing
Arthor Bearing's picture

What you say about austerity needs to be shouted from the rooftops, it's frustrating to hear from convservative voters how we have to buckle down and balance the budget with austerity... that just keeps money funnelling to the banks and senior capital pools without the corresponding benefit of government services. We need to default and then prepare for war (a defensive war against debt collectors), or die as slaves. This sentiment will get more popular as the practical consequences of austerity begin to manifest themselves.

Tue, 05/31/2011 - 12:09 | 1325600 kridkrid
kridkrid's picture

Well... I guess that makes two of us.  Try having this conversation with a conservative and he looks at you as if you have 3 eyes.  The fact that this conversation isn't happening anywhere goes to show just how pervasive the control on information really is.  Even in the big "showdowns" between those for and against austerity, like the whole Wisconsin thing from a few months ago... the anti-austerity crowd never describes it for what it is.  At least it's never reported that they do.  The debate is driven towards "this is unfair vs. of course we need to live within our means"... and while both positions may be more or less correct, neither address what it is that underwrites our system... neither deal with reality.

Tue, 05/31/2011 - 12:47 | 1325650 Bob
Bob's picture

Three of us.  The virtual absence of that narrative, other than applied to the PIIGS and third world nations, reflects the conflicts the larger investment community suffers, imo, even its brilliant and irreverent representatives here at ZH.  On the merits, there really is no other worthwhile argument about public debt to be made at this point.  But people get caught up in applying the old ideas about markets that used to matter . . . an old habit that makes even more sense when you consider they're still playing the game. And their gain by cuts in "entitlements" and government services would be a hugely outsized benefit for them.  While it lasts.

Rather than talking around the obvious irrelevance of "fiscal responsibility," other than as a continued feeding program for the parasite class, it would be nice to hear our perspective more often. 

Keep talkin, I guess. 

Tue, 05/31/2011 - 20:39 | 1327161 Astrolabe
Astrolabe's picture

I am very interested in this, but do not have the economics background that many of you ZH'rs have.

Could you spell it out for me, in a way that I could explain to someone who knows even less than I do, how austerity would result in a huge (and unfair) benefit for the monied class?

Tue, 05/31/2011 - 12:41 | 1325689 ibjamming
ibjamming's picture

Rich business guys...not content with their wealth/power get their fellow rich and powerful business buddies to "place" them in office.

It IS much better than the other side of the coin...an unknown...

Tue, 05/31/2011 - 12:52 | 1325705 Hugh G Rection
Hugh G Rection's picture

kridkrid

 

100% agree.  That's why we will never see a Kucinich or Ron Paul get nominated by either party.  The cartel controlled media works fervently to paint principled candidates as "fringe", no matter what initial precedes their name.

Tue, 05/31/2011 - 11:29 | 1325477 pirea
pirea's picture

and if by accident, somebody will come and dare do the right things, will be dead in no time

Tue, 05/31/2011 - 11:50 | 1325509 Don Birnam
Don Birnam's picture

This Government "Of The People" is making dependent serfs of them. Alas, the electorate ultimately gets exactly what it voted for -- in this regard, SNAP cards.

Tue, 05/31/2011 - 11:11 | 1325396 rbjmartin
rbjmartin's picture

It's also very important to use his middle name when mentioning how bad he is, because Hussein is a bad guy name.

Tue, 05/31/2011 - 16:48 | 1326514 Parousia
Parousia's picture

Much less so "Herbert."

If only Mondale used Reagan's full name...

Tue, 05/31/2011 - 11:02 | 1325340 DeadFred
DeadFred's picture

Anyone want to do the math, if you extrapolate that straight line into the future when will Warren Buffett start receiving food stamps?

Tue, 05/31/2011 - 11:21 | 1325441 mayhem_korner
mayhem_korner's picture

I was thinkin' the chart looks like a radioactive tsunami about to break.

(with a little sharky swimmin' away)

Tue, 05/31/2011 - 19:33 | 1327007 Bwahaha WAGFDSMB
Bwahaha WAGFDSMB's picture

Looks like a slope of 5% per 3 years, so we'll hit 100% in 2062.

Tue, 05/31/2011 - 11:08 | 1325366 GoatETF
GoatETF's picture

+1

LOL, that coffee really burns when coming out of the nose....

Tue, 05/31/2011 - 10:17 | 1325154 LRC Fan
LRC Fan's picture

Ohhh snap!

Tue, 05/31/2011 - 10:55 | 1325328 Cash_is_Trash
Cash_is_Trash's picture

Snap indeed.

This is once again the most BULLISH news to date.

That is of course until, we break even more food stamp usage.

Then the UBER BULLISH rally comes on.

Tue, 05/31/2011 - 10:14 | 1325156 Cdad
Cdad's picture

You know, Tyler, you should include a link where we can all sign up.  

Tue, 05/31/2011 - 10:29 | 1325198 Henry Chinaski
Henry Chinaski's picture

Sign up?  Everyone with an SSN should be enrolled automatically.  Get it over with.

Benefits bitchez!

Tue, 05/31/2011 - 10:46 | 1325285 FEDbuster
FEDbuster's picture

Isn't this one run by Morgan Stanley?  I know the unemployment is handled by JP Morgan Chase.  Citi should get Medicare/Medicaid?  Goldman Sachs military spending and foreign aid?

Government Cheese, bitchez!

Tue, 05/31/2011 - 10:17 | 1325160 Cognitive Dissonance
Cognitive Dissonance's picture

On the public dole means the mob is somewhat sated............for now.

Tue, 05/31/2011 - 10:20 | 1325165 alien-IQ
alien-IQ's picture

just more people who will soon be forced to add a new word to their vocabulary: Austerity.

Tue, 05/31/2011 - 10:28 | 1325216 Cognitive Dissonance
Cognitive Dissonance's picture

Do it for the children bankstas.

Tue, 05/31/2011 - 13:29 | 1325811 Ben Fleeced
Ben Fleeced's picture

Do it for the sick childlike bankstas.

FIFY. Tugs at the heart a little more?

Tue, 05/31/2011 - 10:44 | 1325270 InconvenientCou...
InconvenientCounterParty's picture

What does food stamp volume (A.K.A.money printing) have to do with Austerity? Maybe austerity in U.S. would mean maintaining < 2500 calories a day?

Food Stamps, housing subsidies and whatever else will follow (fuels vouchers?) are all adding to the pool of fiat chasing fixed resources. ZH'ers know what that means for hard assets.

Tue, 05/31/2011 - 10:49 | 1325296 ElvisDog
ElvisDog's picture

Food stamps will represent austerity because (1) the only way to pay for food stamps and other government transfer payments is to run deficits (2) the only way to pay for deficits is through Fed monetization (3) Fed monetization creates commodity price inflation (4) food stamp payment amounts won't keep up with food price inflation.

So it will be a type of stealth austerity in that people will still get food stamps, but they just won't buy as much as they used to.

Tue, 05/31/2011 - 12:56 | 1325724 Bob
Bob's picture

Exactly.  The squeeze is well underway.

Tue, 05/31/2011 - 12:25 | 1325636 alien-IQ
alien-IQ's picture

When it's time to "tighten" spending...food stamp program will be cut back...hence...austerity for those on the program.

Tue, 05/31/2011 - 10:15 | 1325161 alien-IQ
alien-IQ's picture

the good news just keps on coming. this is shaping up to be a 300+ point gainer for the DOW today...because they roll like dat.

Tue, 05/31/2011 - 10:20 | 1325163 Alcoholic Nativ...
Alcoholic Native American's picture

Go long JP Morgan, they get their cut from EBT tards.

Tue, 05/31/2011 - 10:17 | 1325167 flacon
flacon's picture

What a compassionate country - see, socialism is working because we are "feeding the hungry" more and more! /s

Tue, 05/31/2011 - 10:17 | 1325168 Id fight Gandhi
Id fight Gandhi's picture

All ignored by the market. Because Greece is more important to our domestic market than our domestic market.

Tue, 05/31/2011 - 10:18 | 1325169 Mercury
Mercury's picture

Bring on the labor force participation rate/food stamp participation rate compression trade...

Tue, 05/31/2011 - 10:22 | 1325171 oogs66
oogs66's picture

Consumer confidence supports the fact that we are splitting into 2 nations.  Those making $50k and higher had confidence of 77.2...down from last month, but well above the low 40's average amongst those making less than $50k. 

Tue, 05/31/2011 - 10:50 | 1325291 RKDS
RKDS's picture

The more the globalist elites do to destory the economy, the more they deserve to profit it seems.  Once this gap gets large enough, it'll be impossible to close.  On one side, the evil poor who have nothing to take, on the other, the saintly rich who deserve everything and then some.

Tue, 05/31/2011 - 13:36 | 1325823 Ben Fleeced
Ben Fleeced's picture

Is that you King Edward? May we have our guilded age back, please?

Tue, 05/31/2011 - 10:23 | 1325175 Bastiat
Bastiat's picture

That participation rate looks like it is per total population.  Total households as a denominator would give a more telling number.

Tue, 05/31/2011 - 10:34 | 1325223 Bastiat
Bastiat's picture

Avg people per household 2.59 (2010).  So households receiving foodstamps as a % of total households should be 2.59 X 14.4% (right scale on chart at top) or 37%.  Making some allowance for households where several members may be receiving foodstamps it still looks like it would be around 1/3 of total households.

Tue, 05/31/2011 - 13:27 | 1325810 Bastiat
Bastiat's picture

Just read that the 44.5M folks receiving SNAP are in 21M households.  So it works out to about 18% households on food stamps.

Tue, 05/31/2011 - 10:20 | 1325177 weimdog
weimdog's picture

Summer of Recovery Part 2?

Tue, 05/31/2011 - 10:26 | 1325184 TheMerryPrankster
TheMerryPrankster's picture

The canary in the coal mine has stopped singing. One in Seven on the stamps. Oh what  a wonderful vibrant recovery!! Battle Two of the war on poverty has begun, this time the troops are firing into  the crowds.

What happens when the cards don't get reloaded at the first of the month? Do they herd everybody into refugee camps like in Ethiopia? Strange days indeed.

Tue, 05/31/2011 - 11:23 | 1325437 ColonelCooper
ColonelCooper's picture

The cards will continue to be reloaded until the bitter end.  Cards will keep better pace with inflation than the poor SOB's who try to eek by on their wages.  The working poor will be hungry long before the non-working. 

This will serve the purpose of driving more and more onto assistance as wages cease to keep pace with our "non-inflation".  This also serves the purpose of controlling what foods the poor consume. 

Enjoy your high fructose corn syrup laden, genetically modified, growth hormone injected foodstuffs, Bitchez.

Tue, 05/31/2011 - 12:57 | 1325716 merehuman
merehuman's picture

Damn, someone ate my green shoots!

Tue, 05/31/2011 - 15:05 | 1326101 Cathartes Aura
Cathartes Aura's picture

seeing your avatar/name today made me smile - good to *see* you again merehuman!

Tue, 05/31/2011 - 13:37 | 1325839 Ben Fleeced
Ben Fleeced's picture

this time the troops are firing into  the crowds".

MerryPrankster indeed.

Just like Urban renewal made gated communities. It was for the pooour.

Tue, 05/31/2011 - 10:23 | 1325186 firstdivision
firstdivision's picture

This is bullish for agri and consumer staples. 

Tue, 05/31/2011 - 10:24 | 1325187 youngman
youngman's picture

This is quite telling....I agree how do we all sign up...might as well get the bailouts before they are all gone...this is pure Socialism...made simple for the sheeple...wait until that 15% inflation hits them hard...those URBAN Weekend party boys and girls for that matter... are going to get angry...and want your stuff..

Tue, 05/31/2011 - 10:24 | 1325189 Caviar Emptor
Caviar Emptor's picture

44 million on food stamps, over 2 million in US jails, over 5 million on probation or parole. That's over a cool 50 million. Nice! 

 

Tue, 05/31/2011 - 10:28 | 1325209 TheMerryPrankster
TheMerryPrankster's picture

Add in the military and the state and federal government workers and the inverted pyramid becomes even more wobbly. How many private sector jobs does it take to support the columns of the empire? Even Atlas himself would shudder under the weight he would be required to carry as a member of our free and freedom loving nation.

Tue, 05/31/2011 - 10:34 | 1325237 Caveman93
Caveman93's picture

All 50 million plus sheep wake up and march on Washington in 3...2....1....

Tue, 05/31/2011 - 11:12 | 1325372 firstdivision
firstdivision's picture

Highly doubtful due to the influx of right/left wing nut jobs that have been populating this site.  Only a mind free of politics sees the travisty that is Washington for what it is.  Those on food stamps still have wool over their eyes.

Tue, 05/31/2011 - 11:31 | 1325473 magis00
magis00's picture

I think those who read ZH already know the game that's afoot.  Doesn't matter if partisan trolls show up to me. 

 

The point is that "reality" is going to reveal itself to our 50mm+ comrades, and the political hacks won't be able to spin it.  Other than to blame those "commodities speculators" ...

Tue, 05/31/2011 - 11:00 | 1325332 Cruel Aid
Cruel Aid's picture

50 mill out of 308

Tue, 05/31/2011 - 10:28 | 1325195 Caviar Emptor
Caviar Emptor's picture

We are starting a new "Upscale" Food Stamp Program for the aspirational underemployed

Tue, 05/31/2011 - 10:28 | 1325211 svc101
svc101's picture

How does this compare to the monthly war outlay (3 theatres)?

Tue, 05/31/2011 - 10:38 | 1325238 TheMerryPrankster
TheMerryPrankster's picture

Its not really a fair comparison as people on food stamps usually don't fire back, especially when confronted by armed troops. The real question is: "How many remote controlled death drones can we buy for what we are currently spending on supplemental food programs?"

For bonus points, calculate how to continue subsidizing agri business corporations while not paying consumers to buy those products.

Think of how much money we could save if we could convince the CIA to use American farmers and land to grow Opium! No need to spend trillions guarding crops on unfriendly soil, and think of the boost to the domestic economy! Let's let American Junkies buy American made Heroin, Poppies for Peace.

Tue, 05/31/2011 - 10:59 | 1325341 RKDS
RKDS's picture

Heh, reminds me of a post I read on an art forum the other day.  Some idiot was posting on an American-dominated art forum asking how to start an animation studio in India.  You see India is more cost efficient but he still can't find artists to work for him.  You know American entrepenuership is on its deathbed when even 3rd world labor is deemed too expensive.

Anyway, the "cost efficient" buzzwords caught my attention.  When you think about it, alot of stuff is perfectly cost efficient in America if you don't have to support a coke habit.  So it got me thinking more.  If we didn't send animation work (as just one industry amongst hundreds) overseas to Korea or wherever, Hollywood's parasitic executives would have less money to snort up their collective noses, right?

This would reduce the demand for drugs from South America and force reform in those countries.  Fewer drugs coming in also means fewer Mexican drug gangs fighting over courier routes through the US.  Less tax money squandered on the drug war, fewer prison inmates to support, the benefits are practically endless.

Too bad nobody wants solutions when they can hook the people on expensive treatments.  The government and its worthless tax-funded band-aids is no different than Big Pharma and its disease maintenance programs.

Tue, 05/31/2011 - 11:22 | 1325431 TheMerryPrankster
TheMerryPrankster's picture

The best solution is legalize all drugs for adults. Some people will die, same as letting everyone drive. The price of drugs will drop, forcing out the black market, the drug gangs, the violence and the CIA.

 

It will never happen, because too many people make too much money off the black market. The money laundering alone keeps some of the biggest banks in the nation solvent. The judges, the border patrol, the police, the intelligence services all profit from the black market, directly or indirectly. The prison industrial complex would shrivel without drug prisoners.

The black market is all about control and profit, legal drugs would destroy those 2 pillars.

Tue, 05/31/2011 - 11:49 | 1325539 AnAnonymous
AnAnonymous's picture

The best solution is legalize all drugs for adults.

 

Coca Cola used to contain cocaine. So once legalized, it should be legal to put drugs into food and drink.

Now how profitable if people have to buy food and drink contained drugs in order to get their regular fix.

Tue, 05/31/2011 - 13:11 | 1325759 merehuman
merehuman's picture

a little more fluoride with my radiation please ?

Tue, 05/31/2011 - 13:44 | 1325870 Ben Fleeced
Ben Fleeced's picture

Sears and Roebuck delivered "Tooth Ache Powder" via United Parcel Service to homes across the United States for $35 USD per pound until 1932. 

 

Tue, 05/31/2011 - 10:43 | 1325286 Taint Boil
Taint Boil's picture

1.2 trillion dollars for the cost of the war since 2001:

http://costofwar.com/en/

Divided by 44 million is about $27,000 per person on food stamps.

Tue, 05/31/2011 - 11:11 | 1325395 Bwahaha WAGFDSMB
Bwahaha WAGFDSMB's picture

133.24 * 44.2 million = 5.9 billion a month

Less than half. More than a quarter.

Tue, 05/31/2011 - 10:28 | 1325215 PulauHantu29
PulauHantu29's picture

Can you please add a little Meat to that there soup?

Tue, 05/31/2011 - 10:31 | 1325224 Robslob
Robslob's picture

This goes along with a statement made earlier today (I think by akak) when discussing deflation versus inflation / hyperinflation...a truly original though; Velocity of money achieved by distribution of money through the Government instead of through the banking cartel...FoodStamps are one of many ways to do this while justifying continuous debasement of currency?

 

Tue, 05/31/2011 - 10:36 | 1325232 SheepDog-One
SheepDog-One's picture

Sad part is, $133 doesnt buy jack shit in the way of groceries! 

Tue, 05/31/2011 - 11:25 | 1325447 MachoMan
MachoMan's picture

At a nearby butcher, I can get an 8oz. filet mignon for ~$5.75 (and they're even wrapped in bacon!).  30 of them could probably be had for around your figure...  a filet a day keeps the pitchforks at bay.

But, $133 can get a ton of shit...  a months supply of brown rice, 12 lbs of pre-trimmed chicken breasts, turkey, dozen cans of purple hull peas, dozen cans of tuna, lettuce, milk, orange juice, wheat, pasta...  

You drop me off in wally world (maybe in tandem with sams) with $133 dollars and I'll come out with enough food for a month...  and, further, enough good food to keep up with reasonable exercise and maintain a healthy lifestyle.  The problem is, we have an entire society of people who go will load up their carts with $1.50 pizzas and call it a day...  (and wonder why they get too fat to get out of bed).

Tue, 05/31/2011 - 21:18 | 1327246 ColonelCooper
ColonelCooper's picture

BINGO!!!!!!  You give me $10, and I'll feed a family of four supper for two days.  That's a whole Amish raised organic chicken, potatoes, carrots and homemade biscuits.  Nice ass chicken dinner with mashed potatoes and vegetables tonight, dad gets a sammich in the lunch bucket tomorrow, and chicken soup/stew tomorrow.

Are we really broke this month?  Gotta stretch that money?  Skip the psuedo thanksgiving dinner and make it into dirty rice with black beans.  Leftover white rice with milk and raisins, cooked with cinnamon and a little brown sugar makes about the cheapest damn hot cereal you can buy. 

I'm not saying food isn't expensive, and getting more so, but 2/3 of the expense is in the convenience bullshit that people pay a premium for, and get shit food in return.  I understand that I am fortunate to live in a rural area, but it doesn't take much space to plant enough garden to provide your vegetables for a year.  I have two 1/4 acre plots that I rotate from garden into clover (green manure) every few years.  That 1/4 acre provides 95% of the vegetables for 2 families, PLUS I give away a shitload of food.  Know what the problem is?  It's work.  My kids are kept busy, 50% (if not more) of my spare time is tied up, in the late summer/fall, sometimes I'm up til two or three o clock in the morning baby sitting pressure cookers, before I go to work at six.  I got news for you.  I can afford vegetables.  What do I get out of it?  All the healthy food I can eat, I'm not a lard ass, and I get to look at hundreds of jars of fruits, vegetables and soups on the shelf.  If you figured in all my time, the shit is expensive as hell.  Wanna know what I laid out of pocket this year?  Less than $100.  To feed TWO families all their produce for a year. 

Do you know that 3 doe rabbits can provide enough meat to feed a family of four?  They can (not necessarily ideally) be kept in 1/4 of a two stall garage.  They're silent, easy to raise, and their manure makes excellent fertilizer.  20 to 25 dollars a month is your only outlay for feed.

Not enough people understand that a $100 chest freezer found on Craigs List lets you buy beef by the whole, half or quarter.  Hogs too.  You get a couple/three families to split a whole beef, and you can average out around 3.00/lb.  That's steaks, roasts, burger, everything, cut and wrapped.  You don't have to lift a finger except to pick it up from the locker plant.   You know what? Towards the end of the year, sometimes we end up with way more chuck roasts than we wish, and I'm grinding it into burger, but I'm not bitching about the grocery bill. 

Imagine how your budget changes when you can walk right past the meat and produce department.  I don't have a lot of sympathy for people who bitch. 

 

Tue, 05/31/2011 - 22:58 | 1327464 kridkrid
kridkrid's picture

Awesome post. Thanks for sharing that.

Wed, 06/01/2011 - 09:25 | 1328161 MachoMan
MachoMan's picture

Yep.  It's basically a way of life for many rural persons...  The monetary largesse of our political and financial heads cause traps for the unweary around every corner.  Often times, the simple answer is elbow grease.  (and believe it or not actually improves quality of life)[although, you can also play the extreme couponing game (or a combination of both approaches) to go the "urban" route].

It's a realization that a lot of people are going to have in very short order.  The immediately affected parties will never forget the lesson...  however, their grandchildren will recreate their mistakes (in their entirety)...  c'est la vie

Tue, 05/31/2011 - 10:37 | 1325234 RobotTrader
RobotTrader's picture

I know many guys making 6 figures who are self-employed collecting food stamps here in California.  It's a huge scam, second only to the California Disability program where many people I know have filed stress claims against their employers and are now getting 2/3 of their pay for sitting around doing nothing.

Any wonder why retail spending is going through the roof??

Tue, 05/31/2011 - 10:40 | 1325266 TheMerryPrankster
TheMerryPrankster's picture

So what are these 6 figure scamsters buying with that huge $133 per month? $1,596 per year doesn't seem worth the risk of fines and jail for someone who makes over a hundred thousand per annum.

If what you say is true, why don't you turn them into the authorities? You might make some bank for dropping the dime and if you know and don't say anything you could be an accessory to fraud and other crimes.

Tue, 05/31/2011 - 10:47 | 1325300 firstdivision
firstdivision's picture

Robo,  something is quite amiss here.  Stocks are set up for a fall at this point (becuase otherwise Gross will be proven right).   http://stockcharts.com/h-sc/ui?s=$SPX&p=D&b=5&g=0&id=p01415536738

Tue, 05/31/2011 - 10:51 | 1325315 SilverDosed
SilverDosed's picture

I'm gonna take a wild guess and say you pulled that one out of your ass. Show me two people that make 6 figures that dont deal drugs yet still qualify for food stamps. I know you're trolling but this is just moronic. I'm not a big supporter of social entitlement/ welfare but i do know they have a bureaucratic process set up to keep people  from getting food stamps, especially people like your friends... sorry.... acquaintances. Do your friends just not pay any taxes and therefore report no income? Food stamp fraud is a felony and there are enforcement officers who audit all claims at least twice a year. Tax evasion is a crime as well and although the justice department never goes after the big dogs it loves to fuck small businesses in the ass to show its doing something. If your friends want to jump from the growing sector of people on food stamps to the growing sector of people imprisoned thats there prerogative, I still believe these friends are just made up.

Tue, 05/31/2011 - 11:09 | 1325384 lieutenantjohnchard
lieutenantjohnchard's picture

"many guys": of course this is a lie. how many is "many guys?"

the fact is that the moron known as robottrader has to opine on topics even if he has nothing to say or offer of substance. he has a peculiar narcissistic personality disorder (hence the large blow up charts in the past to attract attention to himself) that needs constant attention.

that's why the moron known as robottrader continues to exaggerate in ever increasing fashion as he did last week with his ridiculous posts about him being part of some large syndicate lending group at a commercial bank where large numbers of investors were beating the door down to borrow money with their huge pristine balance sheets to buy distressed debt. please. then he ups the ante with wild stories about his four monitor work station in a corner office in a prestigious location. please. this even as he spends the days posting at zh on every thread. please.

 

Tue, 05/31/2011 - 11:19 | 1325417 Marley
Marley's picture

I know, talk about scams.  It's like people getting something for nothing.  Like sitting around looking at electrons all day. 

Tue, 05/31/2011 - 12:21 | 1325631 alien-IQ
alien-IQ's picture

"I know many guys making 6 figures who are self-employed collecting food stamps here in California."

You obviously hang around a very classy group of people. Where'd you all meet? The NAMBLA conference?

Tue, 05/31/2011 - 10:35 | 1325240 -Michelle-
-Michelle-'s picture

http://nutiva.com/articles/coconut-oil-price-increase/

The rising prices are due to many trends...

 

1. Weather-The major coconut-growing regions of the Philippines, Thailand, and Sri Lanka, have experienced dry weather, resulting in about a 30% decline in tree-nut production. This might improve in the latter half of 2011, but it’s still uncertain. Additionally, poor weather conditions in Australia and South America, has affected other crops–driving up many commodities. Expect to see many more    weather-related issues impact food production. For example western Canada has seen record snow levels this winter. Canadian farmers are concerned the ground will be so wet in late spring due to flooding conditions from snow that many crops won’t get planted. One aspect of climate change to note: extreme weather may well become more common as CO-2 levels rise–and our rain forests are “clear cut”.

 

2. Demand –There’s a world-wide rising demand for cooking oils, including soy, palm, and coconut oils. Plus the huge surge in sales of coconut water and coconut milk is creating more demand for all coconut products.

 

3. “Hot Money”- The US Federal Reserve Bank is undertaking the unprecedented act of printing trillions of US Dollars–for loans to large banks and hedge funds. These funds are not for building US factories or infrastructure. Instead they are being invested in the “speculation” of commodities and other investments. With the historic collapse of the real-estate boom continuing to gain speed, the Fed hopes inflation will stem the red ink of price declines. We have created a true “casino economy”. As Rep. Ron Paul has reminded Americans many times, our founding fathers–George Washington and Thomas Jefferson–warned us never to hand over the keys to the money-printing presses to foreign bankers. With the formation in 1913 of the Federal Reserve, we lost control of our economy and have paid dearly since.


4. Food Inflation- In general, food inflation is rising.  Most supermarkets have postponed raising prices in order to maintain market share. But many people feel that this will change, and 2011 may well see strong increases. Interestingly, the US government considers food and fuel “non-essential”, so these numbers are not included in total inflation reports. Is it any wonder the price of gold keeps going up, while US printing presses flood the world with more paper money?

 

We live in interesting times. Please be assured, Nutiva® is working hard to supply quality organic foods at reasonable prices. We specialize in bulk sizes, and we’re doing everything we can to streamline our operations to be as efficient as possible.

Tue, 05/31/2011 - 10:39 | 1325241 wake up America
wake up America's picture

Modern day soup lines in the form of a personal debit card with $ uploaded to it via the internet courtesy of the printing press.   No one sees the magnitude of this versus the obvious food lines in the 1930's.   Can you imagine 44 million people in soup lines every day?  Perhaps then the "recovery" would not be so easily sold to the people by the govt media.

Tue, 05/31/2011 - 11:06 | 1325370 cxl9
cxl9's picture

Can you imagine 44 million people in soup lines every day?

At least then I wouldn't have to stand behind them in line at the supermarket while they buy the groceries that I'm paying for.

Tue, 05/31/2011 - 16:56 | 1326517 ColonelCooper
ColonelCooper's picture

That's kind of funny.  The problem isn't the food they're buying on the SNAP card, it's the Playstation3 game that gets scanned after the food that pisses me off.

Tue, 05/31/2011 - 11:11 | 1325399 Henry Chinaski
Henry Chinaski's picture

I observed the magnitude while grocery shopping recently when the store manager announced that EBT system went down and they couldn't be sure when it would come back up.  More than 1 in 7 were bailing out of the lines at the register, more like 1 in 2.  It was a somewhat downscale store in a downscale neighborhood.  Nonetheless, it was a shockingly ugly reality.

Fortunately the system came up after a few minutes and everything was great again...

Tue, 05/31/2011 - 10:38 | 1325258 Bansters-in-my-...
Bansters-in-my- feces's picture

Mmmm Mmmm...iPads....

Tue, 05/31/2011 - 10:39 | 1325261 Mr Rogers
Mr Rogers's picture

In Ca, they changed the name from food stamps to "Cal Fresh" because the genius politicians thought "food stamps" carried with it to negative a stigma.  So now they are also advertising on the radio how people can sign up.  It's a sign that the end of the republic is near.

Tue, 05/31/2011 - 10:58 | 1325337 pepperspray
pepperspray's picture

http://www.dss.cahwnet.gov/foodstamps/

16 language applications on the Cal Fresh frontpage.  Nice.

Tue, 05/31/2011 - 11:02 | 1325353 pepperspray
pepperspray's picture

Important CalFresh Information for Noncitizens 

http://www.dss.cahwnet.gov/foodstamps/entres/forms/english/pub373.pdf

Tue, 05/31/2011 - 11:08 | 1325364 Mr Rogers
Mr Rogers's picture

LOL!  Nice to know that applying for food stamps won't hurt their "immigration status".  Gawd I love this country.

Tue, 05/31/2011 - 11:13 | 1325392 aheady
aheady's picture

SNAP out of it, man!

Tue, 05/31/2011 - 11:15 | 1325403 pepperspray
pepperspray's picture

No difference between this and sharecropping!

Tue, 05/31/2011 - 13:24 | 1325782 merehuman
merehuman's picture

perhaps its just my german pride, but i refuse all government handouts despite being entirely  destitute for several months. The good news...all my pants fit and am trimmer that i have been in many years..now i can dance with the stars or the sheep.

Tue, 05/31/2011 - 13:27 | 1325805 bugs_
bugs_'s picture

california - super cool to the country-less

Tue, 05/31/2011 - 11:18 | 1325390 pazmaker
pazmaker's picture

I was in the Burbank Glendale area this past week.   Every MCdonalds, burger king, taco bell all have signs in big letters EBT accepted here.

 

How do people live out there?  1 bedroom apartments for $1035 per month.... Gas at $4.05 per gallon and wall to wall people no matter where you go!  Boy was I glad to get out there and come back to my rural home.  I would not want ot be in a big city when TSHTF!

Tue, 05/31/2011 - 10:47 | 1325287 dark pools of soros
dark pools of soros's picture

big money in parasites supporting parasites

 

Tue, 05/31/2011 - 10:49 | 1325306 TheMerryPrankster
TheMerryPrankster's picture

your charity is underwhelming. Do you want the banksters to starve? Do you know how much pure profit JPM makes administering the food stamps programs?

Tue, 05/31/2011 - 10:50 | 1325299 pepperspray
pepperspray's picture

FRDI

Federal Riot Delay Insurance

Any thing new on Drudge today?

Tue, 05/31/2011 - 10:51 | 1325305 tslv50
tslv50's picture

Ah you just dont understand socialism, this is a good thing.

Tue, 05/31/2011 - 10:50 | 1325310 Cone of Uncertainty
Cone of Uncertainty's picture

Starvation bitches.

And anyone that thinks society will stay calm when the shit hits the fan needs to simply read these delightful news reports from our great American weekend.

The good thing is that the violence was geographical diverse, thus lowering the standard deviation of excess deaths.

 

http://miami.cbslocal.com/2011/05/29/poet-gunned-down-in-north-miami/

http://www.boston.com/news/local/massachusetts/articles/2011/05/31/fights_break_out_at_carson_beach/

http://www.myfoxny.com/dpp/news/long-island-beach-riot-20110531-apx

http://www.tennessean.com/article/20110530/NEWS01/110530007/Unruly-crowds-shut-down-Wave-Country

 

 

Tue, 05/31/2011 - 11:13 | 1325408 kridkrid
kridkrid's picture

The overly cynical part of me wonders, do the drudge headlines represent a big movement away from the norm, or is there a reason we are being led to believe there is a state of lawlessness on the rise.  Actually, the cynic in me can see it both ways.

Tue, 05/31/2011 - 11:30 | 1325480 John Law Lives
John Law Lives's picture

There are some alarming headlines on Drudge today...

Tue, 05/31/2011 - 11:56 | 1325575 Cone of Uncertainty
Cone of Uncertainty's picture

Drudge hits on certain themes, and one of them is the deterioration of our society during this "economic reovery."

We are fucking animials, from the MCD attacks to these weekend shootings, and all the other bullshit in between.

These events will be magnified in the near future, as our situation worsens.

Perhaps in aggregate nothing has changed, but it does seem that the confluence of technology, flash mobs, youth unemployment and a genuine fuck it attitude are as high as ever.

In another sense, society is simply reflecting the lawlessness of the ruling class, albeit under differing terms of expression.

Tue, 05/31/2011 - 12:17 | 1325620 kridkrid
kridkrid's picture

Most of me agrees with you... and it mostly fits my narrative.  The conflicting part of my narrative... I may not be 100% at the wheel of my own narrative. 

By the way... two random "themes" that I've noticed over the years with Drudge... Animal abuse / animal hording and transsexuals.  These stories never seem to have the same level of "news-worthiness" to them, but tend to find their way onto drudge quite a bit.  I have no real opinion on this... just something I've noticed over the years.

Tue, 05/31/2011 - 16:33 | 1326435 RKDS
RKDS's picture

Weird, I read his comment as suspicion that we were being prepared for the imposition of a police state (or for the cynical, a more repressive one).  Get the people scared enough of abstract "lawlessness" and they'll accept any type of boot on their neck in exchange for protection.

Tue, 05/31/2011 - 11:57 | 1325562 FreeNewEnergy
FreeNewEnergy's picture

It's a lot more than just those you mention. Reports of fight and unruly behavior were everywhere yesterday, but, as usual, downplayed (or simply not reported) by the MSM.

Just can't wait until the NFL officially cancels their season. Sundays won't be a "day of rest" anymore. They will be called the "days of restiveness."

Tue, 05/31/2011 - 14:43 | 1326055 -Michelle-
-Michelle-'s picture

Obama himself would intervene to keep that from happening.  Gotta keep the soma flowing.

Tue, 05/31/2011 - 11:07 | 1325360 I am Jobe
I am Jobe's picture

Jamie Dimon must be partying

 

Tue, 05/31/2011 - 11:08 | 1325367 Frozen IcQb
Frozen IcQb's picture

I Got It!
They’re trading their food stamps for nflx credits which explains the correlation and the near perfect coefficient of determination. Who say’s these markets are not driven by fundamentals?

Tue, 05/31/2011 - 11:11 | 1325381 I am Jobe
I am Jobe's picture

Prepaid card to rape the consumers and unemployed just like WFC and BAC. How pathetic , going after their own citizens. Amazingly people still bank with these guys.

Tue, 05/31/2011 - 11:06 | 1325371 I am Jobe
I am Jobe's picture

32 Signs That The Entire World Is Being Transformed Into A Futuristic Big Brother Prison Grid

http://www.infowars.com/32-signs-that-the-entire-world-is-being-transfor...

Tue, 05/31/2011 - 11:07 | 1325376 GoatETF
GoatETF's picture

Does anyone know how I go long food stamps...is there an 'ETF for that'

Tue, 05/31/2011 - 11:13 | 1325391 luciusfargo
luciusfargo's picture

So the 'recovery' lasted for a few months at the end of '08?

Tue, 05/31/2011 - 11:11 | 1325401 I am Jobe
I am Jobe's picture

yeap and the rest is just hog wash and make believe.

Joseph Gerble will be proud.

Tue, 05/31/2011 - 11:15 | 1325405 wombats
wombats's picture

There's 44.1 million easy votes for Obama next year.

Tue, 05/31/2011 - 14:15 | 1325971 Use of Weapons
Use of Weapons's picture

Logically, you'd think so. Realistically, no. % voting by socio-economic class 101 - people are often too lazy to vote.

Percentage of actual voters in lowest 20% income quinitile in USA: 36.4 %

So that's more like 16 million votes.

 

http://www.infoplease.com/ipa/A0781453.html

http://en.wikipedia.org/wiki/Voter_turnout

 

Sorry if this is depresses you further.

 

 

Tue, 05/31/2011 - 11:17 | 1325412 GOSPLAN HERO
GOSPLAN HERO's picture

Chimping in Myrtle Beach this weekend?

Tue, 05/31/2011 - 11:21 | 1325428 mayhem_korner
mayhem_korner's picture

Please sir, can I have some...more?

Great caption, Tyler.

Tue, 05/31/2011 - 11:22 | 1325446 mayhem_korner
mayhem_korner's picture

Who prints food stamps?  Can we invest?

Tue, 05/31/2011 - 11:31 | 1325483 Chuck Walla
Chuck Walla's picture

YES WE CAN! Enslave a major part of Americans!  You have no choice, Idol worshippers, all your food belong us!

Tue, 05/31/2011 - 11:35 | 1325486 John Law Lives
John Law Lives's picture

The data table in this link shows 44.587 million on Food Stamps in March of 2011.

http://www.fns.usda.gov/pd/34SNAPmonthly.htm

The intro. to this article on ZH reported the February, 2011 total of 44.199 million.

Tue, 05/31/2011 - 11:57 | 1325579 sbenard
sbenard's picture

We're an entitlement civilization now. Everyone feels entitled to the fruits of someone else's labor. Nothing could be a more sure predictor of collapse!

Tue, 05/31/2011 - 12:26 | 1325648 rumblefish
rumblefish's picture

what is the criteria for being accepted on food stamps? can one get foodstamps in addition to unemployment? 

Tue, 05/31/2011 - 12:34 | 1325659 OutLookingIn
OutLookingIn's picture

Anyone see reports on the MSM Government Networks of the arrests made at the TJ memorial in DC for "dancing"?

Now against the law to dance at certain times and places!

You won't see anything on MSM. NBC had a full news video crew there - and not a peep! You can bet the powers had it 'canned'! Shitcanned!

Police. Brown shirts. Gestapo. All in the name of "for your own protection."

They no longer "serve & protect" the people. They serve those who pay them and protect their bosses! Fascists.

Tue, 05/31/2011 - 12:41 | 1325678 HungrySeagull
HungrySeagull's picture

We are walking outside to pick produce fresh from our garden as they come in and building a menu around it.

Food Stamps is the final effort to keep the masses happy, now that they have exhausted the 99 weeks of unemployment benefits.

I recall one Ham that came in the mail as a gift, it was large enough to feed us both into spring and early summer. Just that one ham.

Tue, 05/31/2011 - 12:48 | 1325695 TruthBeforeAll
Tue, 05/31/2011 - 12:57 | 1325729 Cone of Uncertainty
Cone of Uncertainty's picture

Cloward Piven planned crisis:

http://blogs.abcnews.com/thenote/2011/05/congress-mulls-cuts-to-food-stamps-program-amid-record-number-of-recipients.html

"ABC News' Huma Khan reports: Congress is under pressure to cut the rapidly rising costs of the federal government’s food stamps program at a time when a record number of Americans are relying on it."

 

Man these social engineers must really think they have a handle on things.

Great idea: as food stamp usage soars, lets cut the benefit!

That won't cause anybody to riot.

God fucking help us.

Tue, 05/31/2011 - 13:30 | 1325806 Clueless Bill
Clueless Bill's picture

Since 2008 it looks like the benefit per person has increased about 14% per year, BUT According to the April 2011 Consumer Price Index, food inflation is at 3.2%. Hmmm...

Tue, 05/31/2011 - 13:38 | 1325832 OutLookingIn
OutLookingIn's picture

To put ANY confidence in the CPI as being the 'truth' - is to also believe in the 'Tooth Fairy'!

Real inflation is north of 10%. Done any grocery shopping lately?

Tue, 05/31/2011 - 13:50 | 1325894 bankonzhongguo
bankonzhongguo's picture

Whether you need them or not, everyone needs to go out and apply for Food Stamps.

Does any of this ever get on the "evening newz?"

Break the system (administered by your friends at JPM).

The faster everyone gets the government cheese the sooner it all runs out and the sooner we can hit the reset button on this star spangled fiasco.

Tue, 05/31/2011 - 14:04 | 1325955 Clueless Bill
Clueless Bill's picture

Yes, I shop for groceries, so I know about reality. But isn't reassuring that government does not believe it's own CPI stats?

Tue, 05/31/2011 - 15:54 | 1326247 AldoHux_IV
AldoHux_IV's picture

Well at least JPM benefits off of the fact that many are having to use food stamps-- literally the peasants are becoming more and more reliant upon their masters as food stamps and American Idol/Jersey Shore is all one needs nowadays to sustain themselves.

Tue, 05/31/2011 - 22:10 | 1327354 Youri Carma
Youri Carma's picture

Congress Mulls Cuts to Food Stamps Program Amid Record Number of Recipients, 31 May 2011, (ABC News) http://blogs.abcnews.com/thenote/2011/05/congress-mulls-cuts-to-food-stamps-program-amid-record-number-of-recipients.html

Wed, 06/01/2011 - 04:00 | 1327763 Youri Carma
Youri Carma's picture

New Mexico to end food stamp supplement
31 May 2011
, by Matthew Reichbach (The New Mexico Independent)
http://newmexicoindependent.com/70258/new-mexico-to-end-food-stamp-supplement

NM proposes to eliminate food stamp supplements for low-income elderly, disabled
31 May 2011
, by Barry Massey - Santa Fe, N.M. (Associated Press)
http://www.dailyjournal.net/view/story/1b6b9cc942254522a2f243eae700396e/NM--Food-Stamps/

Congress Mulls Cuts to Food Stamps Program Amid Record Number of Recipients
31 May 2011
, (ABC News)
http://blogs.abcnews.com/thenote/2011/05/congress-mulls-cuts-to-food-stamps-program-amid-record-number-of-recipients.html

Wed, 06/01/2011 - 14:03 | 1329612 suckerfishzilla
suckerfishzilla's picture

I have countless anecdotes that I could share about SNAP benefits.  Once at the can and bottle return center where I shop for groceries I saw a guy dumping out more than 8 cases of small water bottles so that he could collect the cash deposit on the bottle returns.  He was satisfied once a month for what about 10 bucks cash RIGHT NOW for all of his monthly entitlement in food.  I am not just making it up.  I made a nosy inquiry with the gentleman.  That is extreme though because I've seen people buy those same water bottles and sell them on the water front for a buck a piece.  They actually turn an eventual profit on their benefits.  I have lost track of the number of times people have tried to sell me their benefits for some arrangement where I would get a 50% discount on my food.  That is criminal activity and I do not participate.  If somebody in this country is inclined to go and tell the department of human services that they are incapable or too stupid to provide nutritional sustenance for themselves I do not have a problem with it.  I don't argue about food.  I don't want to upset the apple cart.  If you want a rebellion let their tummies go empty. 

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