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US Foodstamp Usage Rises To New Record High
While the 0.4% perfectly unmanipulated and totally coincidental swing in the unemployment rate in an Obama favorable direction one month before the election came at a prime time moment for the market, one hour ahead of the open, setting the market mood for the rest of the day (which despite all best efforts still closed red, valiant efforts by Simon Potter and the FRBNY's direct pipe to Citadel notwithstanding), there was one other, far more important data point released by the government's department of agriculture, sufficiently late after the market close to impact no risk assets. That data point of course was foodstamps (or the government's Supplemental Nutrition Assistance Program, aka SNAP), and we are confident that no readers will be surprised to learn that foodstamp usage for both persons and households, has jumped to a new all time record.
At 46,681,833 persons hooked on SNAP, the July number crossed the previous record posted a short month before, as the foodstamp curve continues 'plumbing' newer and greater heights each month.
More disturbing is that in the same month, the number of US households reliant on foodstamps rose by a whopping 99,493 to 22,541,744. Assuming a modest 2 persons per household, the increase means that more people went on Foodstamps in the month of July than found jobs (181,000 according to the latest revised NFP data). Furthermore, it appears that buying votes has become a tad more expensive in the past month. After the benefit per household dipped to a record low in April at just $275.81, this has since retraced some of its losses and is now at an inflationary $277.92. Oh well: inflation.
Adding the number of disability recipients in the month of July, which in that month rose by 20,474, and one can see why the government is quite happy with dumping this particular release long after everyone was on their way back home for the weekend.
Finally, and putting it all into perspective, since December 2007, or the start of the Great Depression ver 2.0, the number of jobs lost is 4.5 million, while those added to foodstamps and disability rolls, has increased by a unprecedented 21 million. Oh and about $7 or $8 trillion in debt. Who's counting really.
And this is the real and only key economic statistic of today that nobody wants to talk about, because it is equally the fault of both parties.
Total foodstamp recipient persons:
Total foodstamp recipient households and benefits per household.
Putting it all into perspective: Jobs versus Foodstamps/Disability:
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Clearly Ben needs to print more food stamps. With the benefit for household going down.
Benz trying to do congresses job cause they don't want to touch the tar baby. It's disgusting and they are the lazy corrupt scardeecats
So if you were to extrapolate with the unemployment number (7.8%) back to 44 month low you would expect food stamps to be back to that low in January 2009. The number on food stamps should be closer to 32.5 million on food stamps.
Huh. Now you no why people don't trust the unemployment number. Oh sure we know these jobs produced are lower paying jobs from various other sources. Primarily the tax revenues. These are low wage and part time jobs that people unfortunately have no choice but to take. Thanks again O. Who in there right mind can endure four more years of this guy. Forward is such a joke.
Throw it all in the crapper people (extrapolations, Newtonian-physics)....we on Chicago Math. You know...!
Next month they'll borrow Pinocchio from the BLS to do the calcs for disability. Then O can have a pre-election televised tent revival featuring all of the disabled he healed, with a special appearance by Dickens' Tiny Tim.
One of the more insidious stealthy things this administration has done is to redfine benefit eligibilty levels for food stamps and many other forms of assistance. So for example the qualifying poverty level was increased quite a lot, the definition of "hunger" was changed to be "food anxiety" (ie no reference to actual nutrtional/caloric deficits) etc etc. So that in a time where economic hardship would already increased them, they wildly outpaced what ordinarily would have taken place, as these numbers show. These changes are buried in geek speak papers and gov studies but you can dig them up if you look. I did several years ago when these articles came out mid 09 time frame about sudden increase in hunger & poverty in america and why something "must be done". Well something was done and it was to redefine qualification levels and basic terms, so that massive amounts of additional stimulus (vote bribes?) could be handed out under the guise of compassion in hard times.
All in the spirit of locking in more Democrat voters. Its working. Perhaps we should all just quit our jobs, stop paying taxes, and get on the dole.
It is closely related to the jobless numbers and workforce participation rates. It has become relatively much more lucrtative to be on the dole, so why look for work? This has gone on better part of 4 years, soon a whole generation will be lost to gov dependency. It won't take much more of this for there to be a voting majority receiving assistance, and then it is game over. Got electrolytes? (obscure Idiocracy reference)
Beware "Food Anxiety"! Remember stockpiling more than a few day's worth of anything now labels you as a "Potential Terrorist".
The quantities of "supplies" we have in the back of our garage would, by this strange "anti-self reliance" mindset, probably qualify us as a latter-day Al Quaeda cell.
Perhaps there's a pharmacotherapy that we can follow to relieve "food anxiety" - surprised the major players haven't jumped on this one yet . . . . . . .
That's pretty much bullshit.
There was really esoteric modification to how certain types of income were handled in the '08 farm bill, but it wasn't a major thing. Qualification limits haven't been adjusted significantly on a Federal level.
They did start indexing the benefit to inflation, but you know the gummit, there's no inlation, anyway.
The reason so many people are eligible today is because wages keep falling in real terms. Another few years and 50% of the population will qualify.
To steal money from healthy people so that fat people can get fatter without first requiring the fat fuckers get a presscription (oh and they stink. some of them have green mold in their flabby creases,) is evil.
because it is equally the fault of both parties....
+1
Fucking Big Bird.
Screw Big Bird he's wealthier then Romney and it's our tax dollars that help keep that show going
@LMAOLORI
I guess the Big Bird mafia can't take a joke. Nevertheless, he is a freeloader. If PBS didn't, who would? LOL. Does anyone think Disney or Nickolodean wouldn't pay top dollar for the Sesame Street product?
Guess not cause I'm not the one who junked you
Perhaps Bain wants to take Sesame Street private.
My kids always wanted to know why Ernie and Bert lived together...not that there's anything wrong with that.
Not one of my kids watched that overgrown turd. None of them could stand it.
I remember my Grandma turned me on to sesame street when I was five or so. I watched it for about 5 minutes and then realized it was fucking retarded.
Mr. Rogers was AWESOME, though. Man I loved that show.
exibit-@ "fucking sesame street", would describe the [ New York- Federal Reserve "tungsten"storage house", adequately!]
> At 46.7 million the persons hooked on SNAP, the July number crossed the previous record posted a short month before, as the foodstamp curve continues plumbing newer and greater heights each month.
Woodstock 1969 - Sly and the Family Stone - I Want to Take You Higher
http://www.youtube.com/watch?v=rS042Cy21W0
JPM issues almost half of the EBT cards in the US. Imagine if a large percentage of EBT cards stopped working for a week or two in LA, NYC or Chicago. That's JPM's cudgel against us all:
"Keep us afloat or your cities will burn."
That could work both ways...if those EBT cards quit working for a while JPM and other entities will want to have an extended full lock-down in their basement bunker.
Personally I hope no one at JPM makes it to the corporate bunker. I'd like to see Jamie Demon drawn and quartered.
You know what they say about talking to yourself ....
+1
> "....if those EBT cards quit working for a while JPM and other entities will want to have an extended full lock-down in their basement bunker."
Otherwise known as "extended vacay in the South Pacific".
Maybe further evidence (if ever more was needed) as to who really runs the Country - and who will remain first in line for further examples of Taxpayer funded largesse ("Risky practices, we don't care - if we win, we get the spoils; if we lose, the Taxpayer picks up the tab - just as it has always been.")
This scenario is all too real. Get out of Dodge.... at least from these basket case major Cities.
Has the debasement continues (globally) these EBT cards (who whatever Socialist Benefits programme your State jurisdiction favours) will buy less and less essentials. They will print more for that reason so the cycle is self-fulfilling - because growth is not coming back to save the day this time.
It's still gotta a long time to run. They are still faily subdued in Greece, Spain, etc, considering what's actually going down. Once one of the so-called modern democracies goes Balkan... lookout - no matter what Country you reside in as you could be next.
We are all so Fucked :/
i wish my personal portfolio, had a ramp-up like that!
Time to introduce SBS (Slaved Backed Securities).
{ indentured servitude} is the fucking, " Politically Correct" definition.
A/K/A "Full Employment."
Since 2007 the Federal Government has been spending around $700B a year paying for the lifetime expenditures of the average American.
Oddly this is not being talked about in any constructive way, during the silly season know as election time.
The upper 10% get wealthier and everyone else suffers. And the Federal Reserve is monetizing the Federal Governments expenditures for those average American's.
Oddly didn't hear anything about that in the debate on Wednesday.
Lizzy I re-read your post, and although you are "Statistically" correct,.
I'll shoot some short term numbers over. They will [reinforce] your statistics.
http://www.zerohedge.com/news/450-billion-zirporized-purchasing-power-tw...
Not even that hack Romney will bring that in the debate.
Give them a bow and send them deer or turkey hunting....food stamps el natuaral ...
10 /1 started bow season here...freezer is filling fast...I love hunting
learn to feed your self....
Deer season just opened here. I'm going out this weekend.
YUM, Deer jerky. I have a great smoke house! Get/er done! +1
Would you really be expecting an Administration that seems ever more keen on limiting personal defensive capability to be in the business of encouraging ownership and use of a very effective covert killing device, with fully recyclable ordnance too??
Give the 47 million bows 'n' arrows (probably made in China anyhow - so they'll WILL work just fine - despite all the negative rhetoric on this forum, China does make some VERY good quality stuff - for reasonable prices too) and that'll certainly make the next Occupy movement event quite interesting . . . . . . .
Maybe this is part of the "Grand Plan" - encourage an armed insurrection, so the Militia have a "legitimate" excuse to use up all those 0.40 hollowpoint rounds the US Taxpayers have conveniently provided??
We were at the grocery store today and as the total rang up, my husband noted to me that in the lower right-hand corner of the main register's screen, the store software advised us (in like size 30 font) what purchases we made were "food stamp eligible". I'd not noticed this before. Geez, it could sort of work as a not-so-subliminal advertisement for those considering applying for assistance. But, I understand that the "register" doesn't know who is going to be paying via assistance $'s and who isn't. But, it is interesting that it's right there in everyone's face.
> "food stamp eligible".
The Bernank gets the same message when he's buying T bills.
friday night comedy......must read on snap
http://www.cbpp.org/cms/index.cfm?fa=view&id=3239
Free phones and free food.
Socialists buying votes, and it works.
Every week it gets just a little worse. This incrementalism sucks. The American people slowly get used to "the new normal" and the next generation grows up thinking this is a good as it gets. Next thing you know our kids are making iPhone 10s for China.
That's how it has progressed so far. And time has been their side for years. They used to have the luxury of having the change take a decade.
Small example... Imagine in the 80's David R. asked some think tank "How can we get the proles to feel more like proles and be happy about it?" Well, Mr. R. we have a couple interesting things we can do. How about this, We are going to have to cut down the middle class's wages over the next decade as we export those tasks, so, we start making them feel like they are in a different class than us. Sort of a Dr. Seues "Stars On Thar's" thing. So we have an idea to have them demand it. We will start it out as a benefit. We will call it "Casual Friday's, By the end of the decade no middle class person will be dressed in 2/3 piece suits, except for "Our Class" They will start to see themselves as "Less Important" then those higher up who will be allowed to wear suits.... The conditioning is subtle. They will never see the mind perception changing.... )
But those were the days when they had time. BUT PHYSICAL limits (which were the only things they cannot not print/control/destroy/take over) they have their timechart all bunched up. Peak Oil, Ocean Fish, Rare Earths... Whatever. We are running out...
So they are moving faster. Total surveillance, isn't totally in place, Digital money isn't quite there(no cash transactions). etc.
So one is able to catch mistakes more often. They are rushed, Time is not on their side any longer. And more than anything, More and more are blocking their ears to the siren's calls. They are using the internet to read articles by outlets not in the "Company"...
They are awaking...
Or something like that...
It's all good Dr. Engali We can fly from coast to coast on a G-6 for 500$.
I'll post the (link) later.
http://www.centurion-jets.com/
https://westernrifleshooters.wordpress.com/2012/09/03/bracken-when-the-m...
"The only thing we think we know for sure is that the tinder on the forest floor is piled high and it is very dry." -- Lee Quaintance & Paul Brodsky, Apropos Of Everything
Next time your found, with your chin on the ground
There a lot to be learned, so look around
Just what makes that little old ant
Think hell move that rubber tree plant
Anyone knows an ant, cant
Move a rubber tree plant
But he's got high hopes, he's got high hopes
Hes got high apple pie, in the sky hopes
So any time your gettin low
Stead of lettin go
Just remember that ant
Oops there goes another rubber tree plant
When troubles call, and your backs to the wall
There a lot to be learned, that wall could fall
Once there was a silly old ram
Thought he'd punch a hole in a dam
No one could make that ram, scram
He kept buttin that dam
Cause he had high hopes, he had high hopes
He had high apple pie, in the sky hopes
So any time your feelin bad
Stead of feelin sad
Just remember that ram
Oops there goes a billion kilowatt dam
All problems just a toy balloon
They'll be bursted soon
They're just bound to go pop
Oops there goes another problem kerplop
This fucking country is in a death spiral.
Something to consider:
Most here probably were around during the dot.com bubble and the housing bubble. Im sure you remember thinking to yourself: "This is unsustainable, there is no way this will go on like this forever."
And you were right.
We have a dependency bubble (I just made that up). There is no way this amount of dependency is sustainable. This bubble WILL pop. When this bubble pops and those dependents dont have food to eat, they are going to come after you and your family and they are going to try to eat you.
You have been warned. Plan accordingly.
The risk (and likelihood) is that "they" will not be content with paying you and yours just the one visit either . . . .
There are alreade plenty "out there" who have demonstrated a willingness to place their interests over those of a reasonable civilisation. Usually these individuals end up incarcerated, but once "society" collapses, then the inmates may well become future "outlaws" - with all those very useful skills they've gained whilst "inside".
Those who prefer to live off Society are not planning to change their preferences any time soon - and I suspect many would welcome the breakdown of order, since they would be able to operate an effective "divide and conquer" strategy over the remaining small enclaves of "civility".
Time will tell.
Everyone scared now?
Good. Halloween's coming up.
I'm ready to feed them bullets any time.
You didn't buy that cheese! Someone else did!
People who are poor are so un-American.
We need to create a pure, perfect race in this country - an America full of only rich, wealthy, white people. Then it TRULY WOULD BE the Greatest Country in the World.
Am I Million Dollar Bonus good, or what?
Shouldn't you be looking into cell plans?
There's only one Obama plan..... Free to any freeloader.
Seems the "Behind the Scenes" Administration is well on top of that programme already, or have you failed to notice the predominant ethnicity of the G7 and G20 / Bilderburg elite??
Sorry Dup. (Dam touch screens)
I think we have a makings of a couple of memes going.
Great Depression 2. = GD 2.0
American Revolution 2 = AmRev 2.0
Amrev just kicked in yo!
Good one. Short and to/ the POINT! Me likey
OK....I don't know how this is ever going to stop and I am certainly not going to come up w/any brilliant ideas after Happy Hour on a Friday night but could the U.S. at the very least require some of these recipients to WORK for their EBT benefits? How about a civil service program...lots and lots of jobs to do. I can think of twenty projects in our local towns that could use some people-power...even if its just slinging sand/dirt or whatever. It kills me that an able-bodied young person can just "collect".
Work is not just about getting paid (though that's a definite plus point!!). Work is also about developing social skills, interacting with others (customers, workmates), and providing a degree of "meaning" to life. This is one of the many reasons why those who retire young often die young, whereas those who continue working (OK, through desire rather than need in many cases) tend to "last longer".
Of course the downside arises where those who choose to remain in employment in effect remove opportunity from those wishing to enter the workforce. It is very far from easy to establish yourself in your own business without at least some form of prior employment experience that lenders can assess, as part of their risk assessment in funding you.
The fact that many new successful start-ups in real businesses are reliant on family money and / or connections, would seem to support the above.
A lot of foodstamps recipients work already. I worked full-time the year I received foodstamps. Most of the households receiving foodstamps have gimps, old folks, and kids living in 'em.
We could probably use the kids for kiddie porn. Big bucks to be made in that.
I don't think you'll get much "labor" out of the average 50 year old Down's Syndrome "dependent adult," tho, or the average 70 year old with Parkinson's.
I applaud you, however your experience is not the only one. We are surrounded by recipients who do NOT work and CAN.
And you know this because....you hang out with these folks?
And why would they work; to send more money to corrupt and crony banks, corporations, and foreign countries?
To support the military industrial complex?
To support Wall Street and Washington?
To support the Supine Court?
To delay collapse?
Because there are hundreds of civil service projects that need workers but municipalities cannot afford to hire workers. So, able-bodied people receiving EBT benefits should be applied accordingly.
Stop your complaining, losers.
The only two groups that can't find a job are those over 50 and those under 50.
You can get a large pizza and two liter soda with your EBT card, and considering the amount of cash thrown at banks, bankrupt companies, and foreign governments - I see no reason most of the population shouldn't get $300 a month from the government.
What a "oxymoron"! Moose shelle is starving the kids whilst, pizzas are EBT free! Good post ebworthen
Politics aside, some things do need to be said.
Remember...always, in America, these people are "the salt of the earth." "Fallen on hard times." "Turning their life around." "Future millionaires" "Nuclear physicists in the making."
And thereby you must pay, forever, for their subsidized housing and food. And if you disagree with the arrangement, you are evil, a supremacist, a nazi.
If you save and pay for food, you are the bad guy. If you pay your mortgage (or don't go into debt) you are the bad guy. If you are healthy and fit and have a functioning, able mind that isn't clouded by psychotropic substances and medications, you are the bad guy. If you are fiscally responsible, you are the bad guy. If you are independent, you are the bad guy.
And not only must you pay for the bottom feeders, you labor must also go to the benefit of the TBTF banks and subsidized corporations that wouldn't exist if it weren't for this transfer.
Start to realize this, and you will realize the urgency of going Galt. It's an existential, life or death struggle now. We are not talking Disneyland or Hollywood or soap opera fantasy anymore. We are not in Kansas anymore.
You just have to accept this and make some decisions accordingly.
For going Galt to succeed it must include getting rid of any cash visible to government and taking every handout you can get to hasten the collapse of the ponzi.
The ponzi must be attacked from both sides.
Really? What the fuck happened to ZH? What the point of this post? How the fuck does it help me trade? So you are saying that useless breeders are not sustainable? No fucking shit. Totally fucking stupid.
Shut your cunt trap.
This helps you trade in the fact that the dollar is fucked, our economy is in a shit filled urinal, and highlights how our current political regime will lead us into a situation in which we will be begging for it to be as good as it was in 2008.
Now go buy some hard assets and STFU.
Been in hard assets for 30+ years moron. The dollar is fucked? Wow, you are really smart. LMFAO! Let me guess, you figured this all out in 1 week and three days? Ha Ha Ha Ha Ha Ha
So what are you BITCHING about?
You're bitching about the content of the website. Say something or shut the fuck up girl scout.
You:
You cry baby bitch.
I did say something, it is a rant, you are just too stupid to figure that out. Hilarious.
You must have a penis in your butthole for making such a flippant rant. Good to know you're out in the open about it. Respect.
Boys! Boys! There is no trade other than WalMart and TIPS.
You are on the same side, now tear the fucker down.
Post doesn't make sense, another nuwb. He has been here a week, better get use to fight club. Walmart and TIPS have in fact been paying though.
You are on a jag. What's up? Pissed off at the bullshit storm?
Oh really?
I better get "use" to fight club?
mmmk.
What are your views on iTraxx Europe Crossover vs. CDX.EM? Which of the underlying is more prone to convexity permutations, in your opinion?
I think somebody has been awake to many days and smokin' on e-mini crack nuggets. Just put the pipe down son. A few xanax will put you right again. Step away from the consol!
(Psst: this is a "2 minute hate" thread. It's for people to bitch and vent, that's all.)
No shit genius. But obviously my rant must have offended otherwise you would have shut the fuck up.
No, actually, I thought you were just that stupid. Same as the last time I replied to you.
Still waiting to see that hypothesis proven wrong...any day, I'm sure.
Forgot this was fight club blunderdog? Sad, better get back on the food stamps.
Good point. I suspect we are venting, whilst the markets are taking a breather. I, if I were you, would sell (xau) intraday, there is a huge gap that needs to be filled.
Average in on the dip! I can see crude over bought? We are all thinking about the next trade.
Despite all the propaganda, the world demand for crude is still strong. As trade slows, war draws closer. Same as it ever was. XAU is a sell, maybe. Sell the fluff into the election, lots of puts in my future.
That was my suggestion. "nothing / more or less". You are overthinking the trade.;_}
Coincidentally, WMT is hitting new highs
Depressing to see how many of you fucking morons are yet again sucked into left vs right and the whole hegelian dialectic.
Those bamaphone wielding foodstamp niggers arent the fucking problem, dickheads. They are the solution to keeping your ignorant rock filled heads away from seeing and discussing the outright theft and corruption that *is* the problem.
That's very metaphysical.
Is the tree that falls across the path an obstacle or is it part of the path?
The path to hell is paved with many shiny distractions (and guardian readers)
"Negotiable hazard to navigation"
Yes, smoke screens and false flags.
You have to distract the crowd to pick their pockets.
Are we obese yet malnourished? Can we excel in school when we lack brain food? Are we dependent on the government for our next meal? 46 million and growing are at risk and our politicians aren't concerned? Maybe the agenda is to keep 'em dumb and make 'em dumber, difficult to see the sleight of hand when you are fed BS daily.
I love ya Z/Hers' ! Hey, lets explore {Biden/Ryan} next week/
Biden; Al Gore says it was all oxygen.
Ryan; Al respect-fully, you are a living "TABLE MUSCLE", and (helium) is your best friend!
These numbers actually work.... 4.5 million job openings of which half are living wage...>40 million able bodied work age people (unemployed+ part time+workage NILF)... Well look at that....adds up to the total on food stamps...fucking shocker
Wages do matter, who would have guessed it?
you can bet that fat sweatpig with the obamaphone is getting foodstamps, free cable and other assorted goodies from Barry Hussein.
I'm currently unemployed... I gotsta get me some of dis free food!
Classic example/ or Amerikan Edukation? yes, I caught the sarc/
Let me ax you a question.... where do I get me one of them Obamaphones?
"Four more years and bi-partisan cooperations will solve all our problems!"
The flames of Hell are licking at the nation while unemployment % is fudged and a false flag choice is proferred up for the sheeple so they keep believing and spending and fucking and voting.
another hmmm...lets check these facts..immutable because they are real and people would starve otherwise.
there are 314,159,265 people 46,681,833 are on stamps = 15%
there were 111,400,000 occupied households in 2008 and 22,541,744 households are on stamps = 20%.
http://www.census.gov/compendia/statab/brief.html
the payment per household is 277.92 per month or 75.2 billion a year. or $134.2 per person per month.
using mickey d's as a proxy for cheap food, a big mac costs $3.57, so about 109 bucks a month forr one a day, and about 1 and a quarter big macs a day at 134.3 a month.
the other federal benefits per household go for rent, food, health, utilities and city taxes.
assuming that every household on stamps is underemployed and would otherwise not seek hand-outs, the unemployment rate is 15% for people and 20% of households. shove that in your U6.
oops...should have blended this in with bruces post here
http://brucekrasting.com/wp-content/uploads/2012/10/SSCBOasis.png
next..the number of owner occupied houses is 67.8% (same source) of the 111.4 or 75 millon households.
what is the food stamp poverty trap of the next cohort of households? how many of the 75 million are on food stamps and how many of these households are underwater on their mortgages or are above water, but have taken on too large a mortgage and, because banks and the government dont want a fair price for their houses (because the banks would be insolvent), are paying off too much debt to buy too little a house.
on the flip side..who knows how many houses were built with too many mod cons and too high a spec for a stagnant economy to ever afford? it raises a few more questions.
how much of the 75 billion in food stamp benefit is paid from those who are just above this food stamp poverty trap?
how much of the other benefits to cover utilities, clothing, rent are paid from those ust above the benefit poverty trap?
in other words...we are not only headed for debt servitude and poverty..we are already mired in it.
if the bottom 47% pay no taxes are they not unemployed? i suggest this is the cost of globalization of trade..the unemployment rate is not 8%, not is it 16%, it is somewhere between 20% and 47%.
this is the true price of the style of socialism favored by advocates of the fed. it is wefare democracy with a big sponsorship of banks. the shame is that even though freddie and fannie and the fha are modifying loans, they are only modifying interest rates on overly large loans from a still (by around double) inflated housing market. the banks are taking charges for loans on their books and passing these charges on to fully trapped mortgagees, yet nothing gets done.
remember margaret thatcher who said "the trouble with socialism is that you run out of other peoples money". the fed thinks printing debt can be reversed.
blame globalisation and wal-mart for this..and apple and all those american companies who put foreign taxes ahead of american taxes.
FINALLY someone bothers to bring in some data.
Yep, yep, yep, and pretty much.
We'll all be fine as soon as we can compete globally.
So...figure when monthly rents average about $50, we'll have no trouble at all eliminating all these fuckin' dole programs.
You hit nailed it dude! With Bernanke's 40 billion MBS/month will I'll be the sucker paying PITI at 8 Franklins a month while Bernanke Way Condos will have a 75% vacancy renting for $50/month. We were laughing at China for building ghost cities?
http://www.zerohedge.com/news/two-year-anniversary-chinas-ghost-cities-epic-keynesian-fail
Maybe all this QE money is going to fortify Greenwich Conn.?
How awful for us all! (Except you people getting the sweet new condo for $50/month)
You don't have to quote ZH to me, newb.
I'm fascinated at the "you people," though.
What do you think you know about me, hrmmm?
you=people paying $50/month for Benji Condos.
I don't think about you!
What do you assume about me?
You're still in the "honeymoon period" here at ZH. Aside from that, nothing.
You asked: "if the bottom 47% pay no taxes are they not unemployed?"
They may not earn enough to have to pay federal taxes after exemptions. Lots of folks pay federal taxes but then end up get most (or all of it) back in refunds, so I would not assume the bottom 47% paying no taxes are unemployed.
Yo don' trip 'boutSNAP, Obamaphones an' da 47% who is protecting loafer wage standards. dere be uh strong passage o' grassroot brudda who support Romney!
Blacks fo Romney
/Friday night humor
Too proud for food stamps? Try the dine and dash
AKA the hog and jog.
Won't sell silver for food
"colloidal xag?" just having some fun.
" the number of jobs lost is 4.5 million, while those added to foodstamps and disability rolls, has increased by a unprecedented 21 million. Oh and about $7 or $8 trillion in debt. Who's counting really.
And this is the real and only key economic statistic of today that nobody wants to talk about, because it is equally the fault of both parties."
It is chaos, regardless, and the behavior of little people in high places would be the same, regardless...
but certain scenarios, supported by key numbers, tend to stand out as being a concerted effort to destroy the USA.
This doesn't matter because 873,000 people got jobs last month!!!!!!!!!!!!!
Food stamps up as unemployment declines.
This economy is completely detached.
The next wave down in the markets is pending.
http://bullandbearmash.com/chart/standard-poors-500-weekly-october-05-2012/
Don't knock Food Stamps -- as food prices rise faster and faster, it's the non-banker's only connection to the Fed's money press. For a few weeks the poor will eat while the middle class goes hungry, then everyone gets EBT cards, then the stores stop accepting them, and the riots begin.
they'll NEVER stop accepting them... walmart gets over 20% or so revenue from them.. that is why you see all that food show up in there and target..
does the local farmers market take EBT yet??
Just a matter of time. Some day soon cash will be confiscated and everyone will have an EBT card for ALL purchases. The Dept of Agriculture will be so proud. No more irritating cash that can't be traced or taxed. Confiscation will be so much easier - just tell Jamie Dimon to hit a few keystrokes multiplying all balances by .5. And when hyperinflation hits, no awkward stickers adding several zeros to the bills. Jamie just adds a zero or two to all balances every week or so. No problemo. The Banksters will love it. Get rid of all those expensive tellers, guards, armored trucks, and branch office real estate devoted to taking, protecting, storing, and distributing cash. Bank reduces operating expenses by 80%+ down to just a web site and some rented servers. Borrow from the Fed at .001%, charge 18% on credit cards, what is not to love??
Governments will abolish cash (and the seignorage they get from it) when Coca-Cola stops making Coke. If I can't even pay the babysitter without connecting to a bank, I might as well use Bitcoin and cut government and banks out of the loop entirely.
The food won't keep showing up in Walmart and Target if their suppliers stop delivering it. Why would anyone sell a pound of flour for $100 if they could wait a few days and sell it for $200? There will be only barter until the currency stabilizes or an alternative is found.
EBT is not a different currency, just a different way of printing the same currency.
I'm holding out for a free Chevy Volt.
smartass!! heh..
it will be a yugo equivalent...and half the batteries will be required to power the other half...wait..what about magnets in a wheel configuration! call me uripeedeaz(e)
Looks like 15 million people gave up on finding work, said "fuck it", threw in the towel, found the connected SS attorney and are now living in socialist paradise.
No need to plan your next vacation! Your living it bitchz!
Does anyone have that SS attorney's #?
If I can find one of those new condos Bernanke is financing with that 40 billion in MBS/month..... I'll just write myself a lease..... kick in the door...... get the utilities connected........ board up the windows with plywood....... seek utilities subsidy from the local gov't and rent out a room or two and I'll be living like a king!
Maybe get the Feds to give me some of them th'air solar panels to run my itoys.
Next I'll spend my days lobbying my senators to make a high speed internet connection added to the bill of rights then I'll even have gov't porn!
Livin' in Amerika. Gonna be high times!
I wonder if I can make beer out of kudzu? If I can mash it I can distill it and boy howdy! Sweet liberty!
" lobbying my senators to make a high speed internet connection added to the bill of rights "
already done.. Comcast has to provide cheap interent like $9 a month to da poor folks
That's it!!!!! I've had it!!!!! I am going to get fired next week so help me Budda!!!! Then, right after I get back from San Francisco (already got tickets), I'll pile on to all this sweet socialist paradise I've been missing out on.
I thought it was strange coming home for lunch (I have to eat soup cause I am getting fat eating out) and seeing all those people who look like they just woke up!!!!
Using those ETB cards to get lattes at Dean & Deluca no doubt!
Then I'll be scouring the highways for kudzu to mash for my new liquor brand. I'll call it 'Ben's New Normal Brand'. Now I just published my copyright!
See me on Fortune mag' in a few years! A picture of me holding off the sherriff from trying to evict me from my fortifide, Benji, condo. I just declared bankruptcy, online, bitchz! Now put my flat screen back on the wall!
interent!!! that must be a 2x4band, soon to be built (and mortgaged to the fed) breeze blocker (no windows, but an apple tree in the solar panel)
I don't understand why some of those folks aren't spending some time gardening and raising chickens. Clearly you couldn't do that in a Manhattan skyrise, but surely not all of these folks live where they can't grow anything. Ah well...it does take time to establish a garden. Maybe next year they will get around to it.
HUH?? and turn off the tv or internet porn or gaming?? in between runs to KFC and FoodMarts and trading for some cheap liquor? you want to stop that?? HUH? Shovel what? Plant who??
Pull ur head out... Popeye's fried chicken is the mutha fuckin' bomb.
"At 46,681,833 million"
wow 46 trillion on foodstamps?? Dimon is shittin his pants in fees!!!! :D
Cretdit Unions /BITCHEZ { mispell intended}
7.8
No worries. QE3 has worked; 7.8 unemployment. We can always print more money to cover more foodstamps. Trust in Bernanke.
http://www.facebook.com/photo.php?fbid=423161634407367
20.5 minus 7.8?
are you selling (government) or buying (real hard earned "proper" money)
That's it. All supermarkets, grocery stores, cafeterias, vending machines, restaurants, fast food franchises and everywhere food items are sold must be required to first see a doctor's prescription before allowing anyone that is fat to buy any food--even top ramen. If you are fat fuck you. You wait outside until some one fills your prescription. You have no reason to be hanging around blocking up the isles of a supermarket or making me wait in my car at in-and-out drive through while you drool in front of me thinking about making yourself fatter. And those of you on EBT fuck you too. You can wait till Jamie Dimon's helicopter drops your containers in a field. And you better have your card with you otherwise you won't be able to open your monthly allotments.
Say what? Romney suck. Well fat people suck too. Go see a fucking doctor.
Given these numbers, Bow down before your gods such as O'B and Romney.
Give em both a blow job with a good thank you to boot as you wish.
Long as were spending gov dollars, might as well force people to become independent.
Change eligiblity criteria for SNAP to enhance growing your own food.
SNAP laws already have a seed procurment component.
What about an independence criteria?
Shift from watching TV to local food production for SNAP citicizens.
Preservation of the current order is held above all else including survival over the long haul.
Eligibility criteria for SNAP needs to change so that more foks are driven to grow and preserve food.
Become more self sufficient, make us all more resiliant.
A huge chunk of the best farm land in the USA is in the suburbs and cities.
I believe we are going to drop a good billion plus folks off the planet in the next 10 years due to greed and stupitidy linked to an underoptomized information processing base and memory errors.
Machine algos dominating our trade systems provide a meth like high for a few so transitory, but rewarding to machines who are winning.
Many will answer with a cry to cut off all folks on SNAP immedietly. Let the poor sorry ass parasites starve all 22.5 million of them.
Let us make the law so the hungry can legally be killed.
We will be within our rights then.
Show them parasites the right way to reality.
Maybe we could start a new C corp, how a bout 1 $ a name, get the addresses of all them SNAP folks.
Have the gov give us a $5 bounty on each one dead, lots of ROI on that. With a 20% tax and a 10% hit rate per month soon the national debt will be gone, we will be happy, no more hungry people left.
The final solution to all the problems in your life is to simply make sure people not in your liking or who are taking advantage of you and causing you so much pain are eliminated.
So I have presented a solution to the problem which requres you to invest your money to kill you neighbors who are poor and hungry.
The more things change the more they stay the same.
I would live to hear any alternatives to change the system and help people become free short of any political or religious conversion.
Suckers!
OHHHH, I feel some "local discourse", in the cards. ACE high "Red or Black"?/
Hey Yen check this vid out.
http://www.youtube.com/watch?v=x0GZSZD-e4A&feature=youtube_gdata_player
Thank You. Well Done ;-}
All is well, Obozo created 873000 jobs. This statistic is a lie. Keep Obama iN President...you know wha I sayin.
Urban squatting.
Take over abandoned property, hold it until the law gives you the right to own or you’re evicted.
Drop your expenses.
There is a ton of money to be made by changing the laws of title to leverage common English law on principles of possession.
We need better paper backed by a new reality.
Long term absentee landlords are welcome to reside in their property or give it up.
Posession.