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American Households On Foodstamps Climb To New Record

Tyler Durden's picture




 

Yesterday, briefly, we were confused by the eruption in the stock market following a not too bad sub-200K nonfarm payrolls number. Because we know that in the New Normal bad is always good, no matter what the well-coifed TV pundit du jour tells you. Then we remembered that yesterday is when the USDA releases its monthly Supplemental Nutrition Assistance Program data, i.e. Americans on Foodstamps.

It was here that the ramp was perfectly explained, because while the bad (for stocks of course) data was that individual foodstamps recipients rose by 170K in March - if just a whisker below all time highs - it was the number of American households on foodstamps, which rose to a new all time high of 23,116,441 (each collecting an average of $274.30 per month) that perfectly explained the Dow Jones' 200 point surge higher: the transfer of wealth from the poor and middle-classes to the 1% continues without a hiccup.

Source: SNAP

 

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Sat, 06/08/2013 - 13:42 | 3637280 francis_sawyer
francis_sawyer's picture

Free shit bitchez!... [Oh SNAP!]

~~~

Fucking Billy Ray Valentine [Capricorn], even had to do something if he wanted something... If he wanted a jacuzzi ~ he had to fart in the tub...

Sat, 06/08/2013 - 14:18 | 3637393 yogibear
yogibear's picture

I see many immigrant parents which never paid anything living via the taxpayer in Manor Care ($75,000/yr for Americans that can pay). 

More and more immigrants ( legal and illegal) getting medicaid, Food stamps, free rent (Section 8), cell phones and welfare. These people never paid into the system.

The word is out in Easter Europe, the Middle East east, South America and Mexico. The US is giving away freebies if you want. Just come to the US, everything is free if you know how to work the system, you don't have to worry about contributing.

 

 

Sat, 06/08/2013 - 14:25 | 3637404 francis_sawyer
francis_sawyer's picture

They need the "X" on the ballot [in case the Diebold machines get sparky]...

~~~

They're especially welcome in Florida, Pennsylvania, Ohio, North Carolina, & Michigan... I'd say New York, New Jersey, & California, but the cheesepopes already have those states sewed into the lining of their clothes...

Sat, 06/08/2013 - 14:33 | 3637422 TheMerryPrankster
TheMerryPrankster's picture

you don't need to control who votes, when you control who they can vote for.

Voter fraud is a smokescreen to hide the fact that the candidates are prechosen and pre-corrupted before you get to vote for them.

Voting is politcal masturbation, it feels good and acomplishes nothing.

They will never take away the right to vote since it a powerful useless ritual. Why bother if you own  the elected, who cares about the electorate?

Sat, 06/08/2013 - 16:02 | 3637638 lotsoffun
lotsoffun's picture

anybody that is waiting around doing things such as:

1 - thinking (?) (sarcasm)) considering, discussing who they are going to vote for.

2 - thinking (?) (sarcasm) waiting, picketing, demonstrating, for government to do something for them.

the list is longer - but you might as well get down on your hands and knees, because if you are  waiting for

the power that be, your god, your religion, your government to do anything for you, you will be waiting

a long time.  inthe between time, you could have been doing things for yourself and others.

it's going to be a lot of fun when people find out the bennie and bama where just playing them, but

i think that's a long way aways.  the 1% are getting really rich and richer so the game isn't going to stop.

 

Sat, 06/08/2013 - 16:05 | 3637645 francis_sawyer
francis_sawyer's picture

@MerryPrankster ~ You're correct in your POV, but you also miss the secondary [& perhaps GREATER] issue...

~~~

Sure ~ the candidates on both sides are pre-chosen... But ultimately, the 'voter' has to 'FEEL' like he/she was a part of something...

Obama & Bush BOTH should be the classic examples of all time... Whereby there still remain multitudes of folks out there who think they did the right thing (& are willing to defend that notion)...

VOTING, in the end, isn't about 'tallies'... It's about 'indoctrination'...

Mon, 06/10/2013 - 12:15 | 3642410 El Diablo Rojo
El Diablo Rojo's picture

+ 1 of anything non fiat or two party.

Sat, 06/08/2013 - 14:38 | 3637431 PiltdownMan
PiltdownMan's picture

Gov't gone wild!

USDA has the farm bill which is 80% food stamps. And USDA and Vilsuck are backing zero down mortgages on ... Martha's Vineyard!

Now, ain't that special!

http://confoundedinterest.wordpress.com/2013/06/08/govt-gone-wild-usdas-...

Sat, 06/08/2013 - 14:56 | 3637474 Remington IV
Remington IV's picture

The quid pro quo  is  they have to VOTE democrat for their freebies

Sat, 06/08/2013 - 14:56 | 3637475 Remington IV
Remington IV's picture

The quid pro quo  is  they have to VOTE democrat for their freebies

Sat, 06/08/2013 - 16:56 | 3637744 booboo
booboo's picture

"The word is out in Easter Europe, the Middle East east, South America and Mexico. The US is giving away freebies if you want. Just come to the US, everything is free if you know how to work the system, you don't have to worry about contributing."

1. It's not really complicated, in order to create a dollar they must first create a dollar of debt first.

2. In order for the uber wealthy to get and keep their wealth via the vig, the system must be ever expanding.

3. A psychopath will do anything to keep his station in life, up to and including cutting his own childs throat.

4. You are not one of them.

Sat, 06/08/2013 - 22:37 | 3638387 j0nx
j0nx's picture

Only people with brown skin or greater can get in on this new largesse. If you are white then you are expected to work. At least that's what I see in my travels.

Sun, 06/09/2013 - 00:53 | 3638573 grgy
grgy's picture

yogibear, all those immigrants (both legal and illegal) on government assistance will end up voting democrat so this government will do nothing but encourage it. Let's just face facts, the US is fucked!

Sat, 06/08/2013 - 14:48 | 3637434 TruthInSunshine
TruthInSunshine's picture

The two wise men told me (in the past 30 days) that the Big Crash was close at hand (the very same two wise men who warned me in June of 2007 of a similar crash), and every day since I read, see, hear and observe more information, data and statistics that shores up my confidence that their track record will go from a "could have been lucky" 1 for 1, to a "they know something" 2 for 2 (and remember, I've only had access to them since 2006).

Aside from all the geopolitical and domestic issues, scandals and crises, here's a short and itemized list of very recently discussed/expressed information as published in the main stream media, with each and every bullet point warranting genuine alarm in isolation, let alone taking all bullet points into consideration in the aggregate:

  • Bond funds, including those invested in "safe" long term U.S. Treasuries, were just eviscerated, with MANY who were invested in them losing 8 to 10 years worth of future interest payments, while at the same time, "safe" dividend yielding stocks got cremated (e.g. Proctor & Gamble); see ***THIS POST*** (which is a segue into why the Big UGLY is coming - which is a fork in the road whereby Central Banks are finally forced to use their tool kits to support bond markets or risk markets (i.e. equities, credit instruments, etc.) but not both [even the BoJ with a truly unlimited printing press and willingness to use it for 20+ years is now at this point]; here's a taste:

A Bond Market Plunge That Baffles the Experts By Published: June 7, 2013

As if it wasn’t bad enough for the millions of Americans scraping by on paltry interest payments, now they face another threat: the loss of principal on their bonds and other fixed-income assets.

The month of May, and this first week of June, were terrible for many fixed-income investors who have spent the last few years reaching for higher yields.

If there was an index for fixed income with the status of the Dow Jones industrial average or Standard & Poor’s 500 index for stocks, the carnage in fixed-income markets would have been a big story and we’d all be talking about a bear market in bonds.

***Consider the damage: mutual funds that invest in long-term United States Treasury bonds lost an average 6.8 percent in May, according to Morningstar, with the loss in principal wiping out years of interest payments. But that’s not the worst-hit sector. Higher-yielding bonds and fixed-income securities, to which investors have turned in droves in recent years, have suffered even more, especially mortgage-backed securities and emerging market debt, as well as just about anything that uses borrowing to increase returns.***

[Let this preceding paragraph sink in because...well...it just drives the point home as to how fantastically broken these "markets" are, and since historical reversion to the norm and basic arithmetic are so, so cruel at times.]

Many individual securities and funds were hit much harder than the averages.

High-dividend stocks, which many bond investors also looked to in their quest for income, were pummeled. Shares of Procter & Gamble dropped more than 6 percent the last week in May.

The severity of the market reaction shows how skittish investors have become about ultralow interest rates. Bond prices fall when interest rates rise, with longer-maturity, higher-yielding and riskier bonds the hardest hit — the very assets that the Federal Reserve’s ultralow interest rate policy has encouraged income-seeking investors to embrace.


  • Despite the fact that new & HIGHLY credible research showing $10,890 as the median financial net worth of an American household today (with median net worth being massively more useful and reliable a metric than "average" or "mean" net worth that sell-siders love to throw out with regularity, with said "average" net worth at any time consisting of "assets" highly subject to future decimation in value - hey, just like home prices or "stawks!"), there's a new MSM push to force the meme down the sheeples' throats that 1 million USD in savings won't be enough for retirement for most, due to repressed interest yields on "safe" assets, so stocks (which the sell-side experts are "generous to concede" are highly subject to extreme losses) have to...they just "have to"...be the way to ensure a livable retirement (despite that the stock market investing construct has done nothing but decimate the sheep who participate for as long as the Wall Street Casino has operated).  When you see the "must be in stocks to survive, if even modestly" meme pushed this hard RUN RUN RUN, bitchez: 
    For Retirees, a Million-Dollar Illusion By JEFF SOMMER 12:28 PM ET
  • These memes are being pushed so hard by a financial industy (backed by Central Bank operations) at a time when equities have been driven to batshit insane valuations (hello PCLN, TSLA, AMZN, most financials...fuck, anything on the Spooz or Russel 2000) due to STAWK BUY BACKS (where companies float debt on the cheap thanks to Bernanke to buy back shares, causing said shares to rise, while taking on massive debt - it won't matter in the long run that the money they borrowed was cheap to borrow as it's still debt and will exist when their future revenues invariably plunge).  Hey, the S&P is near a triple in 4 short years...now's the time to ignore things like fundamentals, the macroeconomic backdrop and trend, the laws of physics & arithmetic, and other historically important things, and BUY BUY BUY stocks, if you want to survive, one-day prospective retirees (whether you're 20 or 80 years old).

You are of MEDIAN NET WORTH if you have a measly 10k in fiat saved, bitchez, but if you have 1 million fiatskis saved (On a NET BASIS, EXCLUDING DEBT, OBVIOUSLY), it's still NOT GOOD ENOUGH, and YOU NEED TO RISK IT ALL AND DOUBLE DOWN ON STAWKS!!!!!!!!

There's a great Harvest coming.

Sat, 06/08/2013 - 14:49 | 3637454 TheMerryPrankster
TheMerryPrankster's picture

amen brother, in music you only slow the tempo so you can speed it up. In stocks you only jack the prices up so you can collapse them.

It's very apparent, they call it "the business cycle", cause the are giving you the business.

Sat, 06/08/2013 - 15:00 | 3637486 Skateboarder
Skateboarder's picture

I am most glad to see your posts again. Thank you for the words man.

Sat, 06/08/2013 - 15:20 | 3637541 jon dough
jon dough's picture

+1, Skateboarder, there are a very few - I include you in this select group -who provide actionable substance on a regular basis.

TIS gets my up vote every time.

Sat, 06/08/2013 - 15:22 | 3637543 BC6
BC6's picture

Ditto. Thanks TIS.

Sun, 06/09/2013 - 02:10 | 3638631 american eyedol
american eyedol's picture

truth in sunshine does this mean i avoid jim cramers accidental high yielders?

Sat, 06/08/2013 - 16:01 | 3637637 GeorgeHayduke
GeorgeHayduke's picture

Yeah, it's about free shit. It has nothing to do with the wealthy and powerful making sure they get a bigger cut of everything while screwing everyone. It has nothing to do with a system that has become so corrupt that it's collapsing under it's own weight. Nope, it's about free shit bitches.

Keep looking inside that little box. You're sure to find the same answers there that you've always found.

Sat, 06/08/2013 - 16:41 | 3637708 TeMpTeK
TeMpTeK's picture

Every mouse trap's got free cheese.

Sat, 06/08/2013 - 23:24 | 3638474 kchrisc
kchrisc's picture

Welfare is NEVER about the recipient, it is always about the crime of stealing one person's production and giving it to another in exchange for their soul.

To focus on the person receiving the "benefits" and their resulting criminality and sloth is to focus on the symptom and not the cause--the criminals of government.

Just look at niggers (ignorant, subsidized and coddled black people), they could and should be more than they are as a community and a people but after 40 plus years of coddling and "free shit" they live miserable and brutish lives that will only get worse as the US implodes.

Sun, 06/09/2013 - 11:19 | 3639034 fxrxexexdxoxmx
fxrxexexdxoxmx's picture

You will always lose your arguement when you resort to racism.

The welfare state will always fail. The symptoms are every where and at times on or another social group will show the effects of the disease to a greater extenet than than others. It is these early deaths that can be used to teach others how the welafare state is only death,

These teaching moments are destroyed and rendered useless when using racism.

Mon, 06/10/2013 - 15:43 | 3643332 kchrisc
kchrisc's picture

Like most people you should look up the word "racism."

I never mentioned superiority of race but that as a coddled group minority things have not turned out well for them.

Sat, 06/08/2013 - 13:38 | 3637284 PAWNMAN
PAWNMAN's picture

With the media applauding the transfer the entire way. One sick society we find ourselves in.

Sat, 06/08/2013 - 13:39 | 3637285 IdeasRbulletproof
IdeasRbulletproof's picture

Hmm, food stamps go up, unemployment falling. In bizarro world, everything makes sense! USA, USA, USA...

Sat, 06/08/2013 - 13:50 | 3637308 Midasking
Midasking's picture

Food Stamps are one of the quickest ways to stimulate the economy... thus it makes perfect sense. http://tinyurl.com/n8hmfya

Sun, 06/09/2013 - 00:32 | 3637325 IdeasRbulletproof
IdeasRbulletproof's picture

So now we're blaming the rise of EBT cards for friday's market gains. Sounds legit...

Edit: apparently I have to put the "/s" for sarcasm in order for people to get it. And i thought the irony was perfectly clear...

Sun, 06/09/2013 - 12:54 | 3639230 expres12
expres12's picture

Except unemployment is falling. Unless you're talking about the worthless indicator U3.  Which is only falling due to LFPR falling and not job creation.

Sat, 06/08/2013 - 13:40 | 3637287 QE49er
QE49er's picture

Forward!

Sat, 06/08/2013 - 13:44 | 3637296 surf0766
surf0766's picture

In Amerika, everyone on food stamp. no?

Sat, 06/08/2013 - 13:45 | 3637298 JJ McApe
JJ McApe's picture

Our Society as a whole and the complete social structure is deteriorating. Cyprus, Greece already destroyed.

Spain youth unemployment +50%, italy 40% (just read about it), france also very high. The US is eroding from the inside out. Cheap money is keeping the house of cards intact. German elections in September... Till then things are not allowed to change.

Young people without jobs and without money and without direction are becoming the new strong force against the existing social structure. Because they realize they have no future and no money, no jobs in this society.

Things will change. It's only a matter of time this whole shit is going down.

 

Sat, 06/08/2013 - 16:42 | 3637713 GeorgeHayduke
GeorgeHayduke's picture

Yep. The owners are preparing everyone to be peons in the next system they are setting up for us. Meanwhile, the lesser minds will continue to blame the hapless victims of this plan for causing it. The owners win either way.

Sun, 06/09/2013 - 11:08 | 3639012 sun tzu
sun tzu's picture

Anyone making over $50K/yr is rich and evil, unless they belong to a union.

Sun, 06/09/2013 - 14:48 | 3639468 e-recep
e-recep's picture

spot on, it is the youth unemployment that will bring everything down.

Sat, 06/08/2013 - 13:48 | 3637302 vlad335
vlad335's picture

Imagine the day the EBT cards don't get replenished. The feces will hit the fan blades. The locusts will swarm. The sheep will become ravenous wolves.

Lock n load.

Sat, 06/08/2013 - 14:09 | 3637359 TheMerryPrankster
TheMerryPrankster's picture

Paranoia suits you. If they want to ensure chaos, they will destroy the water supplies.

you can live weeks without food but only about 3 days without water, and that last day won't be very pleasant.

Sat, 06/08/2013 - 22:44 | 3638402 j0nx
j0nx's picture

I don't understand people not being able to get water. FFS it falls from the sky aplenty where I live and rivers and streams are filled with it if you have a couple hundred dollars of filtering gear. Nobody in my house is ever going to die of thirst and hopefully of hunger as long as there are squirrels and rabbits running around and soil capable of growing vegetables and fruit.

Sat, 06/08/2013 - 13:51 | 3637307 Bunga Bunga
Bunga Bunga's picture

Guys, we are all prisoners in a reality trap. Reality does not matter anymore, it's a barbaric relic. Free yourself, stop trying to understand anything. Do what the big media are telling you to do. You must believe them, don't ask questions, since reality makes no sense.

Sat, 06/08/2013 - 14:06 | 3637350 TheMerryPrankster
TheMerryPrankster's picture

There are at least 2 realities that I am aware of. The real world that we all live in and the MSM reality, painted daily on your television,ipad or whatever apparatus you use to "watch" - it is not simply watching, it is hypno-indoctrination at a subconcious level.

I can stop any time I want you say.

You are fed bullshit 24/7 to make you want what they want you to want, to make you think what they want you to think, to make you act like they want you to act.

If you participate in their world even passively by watching/listening to their propaganda, you are their puppet.

The NSA spying is a feedback loop to ensure the programming is working, they sample you r conversations, your business transactions, your retail purchases and model it against their desired results and modify the programming to ensure maximum participation by the public.

Turn off your tv and learn to live before your days are gone and you are dust.

Sat, 06/08/2013 - 13:50 | 3637309 Kreditanstalt
Kreditanstalt's picture

"the transfer of wealth from the poor and middle-classes to the 1% continues without a hiccup."

Sounds more like a transfer from the few of us still in the private sector - and everyone silly enough to try investing or saving in USD - that is subsidizing the poor...

Sat, 06/08/2013 - 14:00 | 3637330 TheMerryPrankster
TheMerryPrankster's picture

Step back 10 feet and see the circle within a circle within a circle.

You subsidize the poor who subsidize the rich.

Its how the stream flows they (the poor)are the conduit to make it appear as if it is not happening.

Sat, 06/08/2013 - 14:06 | 3637343 Kreditanstalt
Kreditanstalt's picture

Shouldn't be subsidizing ANYONE! 

There is no difference between bailing out the TBTF banks, bailing out mortgage-holders and bailing out the unemployed.

We need a little FREE MARKET CAPITALISM.  Not because of "profit" but because of LIBERTY.

Sat, 06/08/2013 - 14:13 | 3637379 TheMerryPrankster
TheMerryPrankster's picture

Shouldn't be and is are 2 different things. we can argue all day about what should be, but first we must recognize what is.

We cannot change the world if we cannot see it.

There is no free trade, there is no captialism, it is all labels used to cloak insider trading techniques by the oligarchy.

its their world baby, you are just using it for a while.

Sat, 06/08/2013 - 14:16 | 3637387 Accounting101
Accounting101's picture

Free market captalism you say? Please can me the exact dates and data to prove this country, or any other for that matter, has ever engaged in free market capitalism. I wait with bated breath.

Sat, 06/08/2013 - 14:42 | 3637437 Kreditanstalt
Kreditanstalt's picture

Did I say we ever had true free market capitalism?

That's why we need to try some...but a lot of people seem terrified of free markets.

Sat, 06/08/2013 - 17:31 | 3637812 MachoMan
MachoMan's picture

News flash...  free market capitalism is a notion conceived in academia...  and, interestingly enough, failed to launch...  it sat in the incubator and died...  it was never fit for the real world.

The "referee" in the free market system is ALWAYS corrupted...  ergo, free markets might exist, but only long enough to whimper...  instead, each and every trial we ever partake tends to wind around the road of self interest...  always leading to the same conclusion.

Sun, 06/09/2013 - 11:11 | 3639020 sun tzu
sun tzu's picture

Most of those on welfare have nothing that can be stolen. They don't work!!!

Everything they have, obamaphones, TV's, clothes, free rent, medical etc all came from the middle class. 

Sat, 06/08/2013 - 14:05 | 3637340 surf0766
surf0766's picture

Alex I'll take "what are reparations for 7 trillion please."

Sat, 06/08/2013 - 13:50 | 3637310 Gringo Viejo
Gringo Viejo's picture

I imagine we're just 2 or 3 years from loaves of bread being tossed into the stands at MLB games.

Sat, 06/08/2013 - 22:47 | 3638406 j0nx
j0nx's picture

We are Nazi Germany circa 1936. Some very nasty shit started happening in 1938. Folks better get learned and quick.

Sat, 06/08/2013 - 13:50 | 3637311 americanspirit
americanspirit's picture

Why wait?

Sat, 06/08/2013 - 13:56 | 3637313 vlad335
Sat, 06/08/2013 - 13:52 | 3637314 lolmao500
lolmao500's picture

While Obama is laughing his ass off...

U.S., Chinese presidents agree to work together on cyber-security (Reuters)

Treason, treason everywhere.

Sat, 06/08/2013 - 14:24 | 3637405 yogibear
yogibear's picture

Who are they kidding. Unless they plan on changing the flag in front of the Whitehouse to the Chinese flag.

Better start taking Madarin Chinese.  

Sat, 06/08/2013 - 13:52 | 3637315 Atomizer
Atomizer's picture

Let’s just IPO the EBT card. We all can make some serious monez bitchez!!!

/sarc

Sat, 06/08/2013 - 13:58 | 3637326 TheMerryPrankster
TheMerryPrankster's picture

Let me just say this about that, before anyone else can vomit up the propaganda they have been taught, yesterday I was  in line behind a woman wearing some very nice jewelry who was driving a lobster and 4 steaks and she purchased a cadillac, a BMW, a Mercedes, and a Lexus with food stamps.

Oh and she was talking to Obama on an Obamphone the whole damn time.

Sat, 06/08/2013 - 14:10 | 3637352 Atomizer
Atomizer's picture

Everyone knows it’s a standing joke. Just wait for ObamaCare to kick in..

 

This lovely women broke the news long ago.

EBT Card

Sat, 06/08/2013 - 15:11 | 3637514 Bastiat
Bastiat's picture

LBJ's "Great Society" right there.

Sat, 06/08/2013 - 13:55 | 3637322 nickels
nickels's picture

But remember- what's good for M&M Enterprises is good for America. - Milo Minderbinder.

Sat, 06/08/2013 - 14:10 | 3637366 Gringo Viejo
Gringo Viejo's picture

@ nickels Ever wonder what became of Nately's whore?

Sat, 06/08/2013 - 14:20 | 3637397 francis_sawyer
francis_sawyer's picture

'Minderbinder' was the token cheesepope in that story... There's always a cheesepope embedded in every story...

~~~

And they ALWAYS play the role of the sleazy profiteer as they basically do in real life... [Think SMEAGOL in 'Lord of the Rings' trilogy]...

Sat, 06/08/2013 - 15:39 | 3637585 Bastiat
Bastiat's picture

I think I just figured out what a "cheesepope" is -- been driving me nuts.

Sat, 06/08/2013 - 17:00 | 3637753 francis_sawyer
francis_sawyer's picture

Yeah ~ Pretty much when you 'personify' SMEAGOL [in the real world]... You know what a cheesepope is & how you can expect him to behave...

Sat, 06/08/2013 - 14:28 | 3637415 Bearwagon
Bearwagon's picture

+1 for "Catch 22". And remember what Milo said: "Everybody has a share!"  ;-)

(By the way: There is a second part, "Closing Time". A recommendable read.)

Sat, 06/08/2013 - 14:07 | 3637354 seek
seek's picture

I think the transfer must be to the 0.1%. I'm in the 1% and I'm seeing any wealth I have in the system getting transferred out just like everyone else.

Sat, 06/08/2013 - 14:21 | 3637400 are we there yet
are we there yet's picture

$$ Being transfered to the politicaly connected class. The productive and saving class is being increasingly bled to support the growing circus. There is no good ending.

Sat, 06/08/2013 - 14:11 | 3637356 Mr. Saxby
Mr. Saxby's picture

SNAP is simply purchased complacency. So long as the EBT cards stay hot, they won't hear a peep from the lower classes. In interesting follow up story would be how the state vs. state variations in benefits stack up. I believe that higher benefit payouts are being used to lure the poor into urban areas. Baltimore has seen it's population rise in 2012 for the first time in 40 years.

Sat, 06/08/2013 - 15:30 | 3637556 are we there yet
are we there yet's picture

As more SNAP parasites move to centalized urban areas, homeland security and FEMA will be able to control any future civil unrest. Perhaps that is their plan, or part of it.

Sun, 06/09/2013 - 01:00 | 3637383 are we there yet
are we there yet's picture

 Economic exsanguination is what is happing slowly but relentlessly to Japan, US, Europe.

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

Sat, 06/08/2013 - 14:15 | 3637384 Unknown Poster
Unknown Poster's picture

I'm not cutting the banksters any slack, but...

The whole SNAP expansion seems primarily designed to keep polticians who champion it in their cushy jobs. What with SNAPs' advertising and easy eligibility, they are cultivating loyal voters. It's a variation on Ben Franklin's saying that the problem with democracy is that when people realize they can vote themselves a raise, we're toast.

People in trouble DO need to be helped, this just doen't seem to be the right program.

So back to the banksters...Excessive deficit spending leads to huge debt and debt enslavement. But when there are EBT cards to be used why worry about deficits. SNAP is just a drop in the ol' bucket of debt, so feel free to substitute your own gripe.  If you change politicians you just change who is cashing govt checks. Bankster profits ~ 5% of GDP, with little credit risk lending to US gov... more profits.

I guess my point is we,re selling our souls, the devil made me do it(?).

Sat, 06/08/2013 - 14:21 | 3637401 TheMerryPrankster
TheMerryPrankster's picture

go long jp morgan. They are the foodstamp kings. getting bigger everyday with your tax dollars. Feeding the poor with debit cards charged up with your tax dollars every month.

The conduit in action, money from you, to JP Morgan via your taxes to Uncle Sam. The rich get richer and the poor get food stamps, and you don't even get a reach around.

Sat, 06/08/2013 - 14:28 | 3637413 Unknown Poster
Unknown Poster's picture

When the checks re being cashed it isn't squid-morgue's fault, They benefit, but we are selling ourselves into slavery.

Long JPM.

Sat, 06/08/2013 - 14:42 | 3637439 TheMerryPrankster
TheMerryPrankster's picture

as long as we have only one currency , one global financial system,  there is no escape from slavery.

We put our head into the noose to feed ourselves and the leash is tightened by our masters. We subjugate our selves to survive, but that doesn't mean we should be blind or happy about our conditions.

We should not be blamed for particpating in a system that provides no alternatives. But we should be blamed if we are complacent slaves and seek no way out.

Freedom awaits but we must find the way to build an alternative economic mechanism that can become self sufficient before the oligarchy has a chance to destroy/coopt it.

 

 

Sat, 06/08/2013 - 14:54 | 3637466 Unknown Poster
Unknown Poster's picture

.gov has a monopoly on force. You can say piss on the squid, but it won't keep you out of slavery. Frreedom is the goal, less gov the key. Sure, gov acts as henchmen for hire.  The irony of it was when Maxine Waters grilled Jamie Dimon over the whale fiasco.  Only one of those liars could land in jail.

Sat, 06/08/2013 - 14:27 | 3637410 Uncle Remus
Uncle Remus's picture

It's the recovery stupid.

Sat, 06/08/2013 - 15:35 | 3637573 jon dough
jon dough's picture

...and yet still no sign of a recovery from stupid ...

Sat, 06/08/2013 - 14:27 | 3637411 Atomizer
Atomizer's picture

SNAP is designed to pamper US GDP growth. Just look at the accounting numbers. Any idiot can see! 

Also, share those firms who have allegedly created new jobs under fewer work hours and less payroll tax contributions to our drug induced Federal Government spend thrifts.

Sat, 06/08/2013 - 14:28 | 3637412 Frastric
Frastric's picture

USSA proceeding accordingly...

Sat, 06/08/2013 - 14:30 | 3637418 kevinearick
kevinearick's picture

American Capitalism: License to Steal

Socialism is fighting over free sh- and assigning the bill for the stupidity to future generations. Communism is forming groups to fight over the free sh-, internally and externally. Capitalism is assigning licenses to groups to determine in what order they are going to fight over free sh-. In all cases, the bill is delivered to future generations, in the form of economic slavery to the past, more fighting over free sh-, and then blaming Act of God for the ultimate outcome, environmental catastrophe. “But I pay taxes [to belong]…”

Given a false choice, between A and B, the answer is always C, any alternative not presented for repetition. At least you will learn something, while the majority dies off and gets out of your way. Fighting the majority, under any flag, only ensures the reoccurrence of the false choice, because it gives the majority a focal point for its ‘economic activity.’ All participants, not choosing a new C, end up in the dead zone. No one in the Fed’s dead zone is getting out.

You need a new education system, not a better banking law. And your children cannot possibly do any worse than the current sh-show propagated by the majority. Economic profit, physics, is not rocket science. You don’t need a rocket. The rocket, like money, is a derivative. Money goes to money due to its gravitational nature. Don’t follow the misdirection of false complexity and expect to learn anything useful.

Each generation is an opportunity to abandon the false assumptions of the last, which always recognizes the different as a threat, exclaiming some legal mantra in the form of “if you don’t understand it, kill it.” If there is no privacy, and it is the empire’s goal to eliminate privacy, then there is no escaping the stupidity of the past, and everyone gets an equal opportunity to lose, separated only by time, which is the only difference between European socialism and American capitalism. Capitalism is just another layer on the same foundation of sand.

From the empire’s perspective, the majority wins. You comply, you destroy yourself, or you learn and the entire majority gets to exploit your work. Congratulations; the majority exploited derivative technology to lock themselves into a psychotic bi-polar prison of repression, complete with an automated delivery system for self-medication, while they compete to make themselves increasingly disposable in an increasingly disposable world.

The Family Office sets up the Law to grant licenses in a pyramid of event horizons, each licensed to steal from the one below and pass a percentage upward, exempting itself from the law first, of course. You don’t have to be a rocket scientist to see what Frank/Dodd is all about. Whether Volcker is well-meaning or not, the problem is not identifying the problem.

The Family Office defined labor to its own end, liquidating the nation/state system with the resulting labor arbitrage, into its own currency bankruptcy, assuming a New World Order under its control. Having failed miserably, it now seeks to tax new currencies under the 10th Amendment, surprise, surprise. The United States is, not are, as Lincoln so aptly demonstrated, just another iteration of stupidity.

So, I called through all the false flags in my record again the other day, and got to the idiot feminists in Riverside again, who told me again that I had to pay the arbitrary tax assigned to me in order to get my licenses back, which I need to go to work and pay their arbitrary tax, and they maintained the right to assign arbitrary levies against me in the future. So, we continue, to allow them to cut their own throat, thinking that they are competing to see who can force me to wash their dishes. Good luck with that.

Having nothing better to do, while the empire targets me and the kids get on with their lives, I set up a guy with the most expensive RE sale in Vermont, requiring no mortgage payments, enough 0% credit cards to buy and rent as many tax sale properties as he wanted, and an unregulated elevator company for additional revenue. Naturally, he throws it all away because he doesn’t get the same peer accolades that he would have gotten by driving a mortgaged Vette up to the bar in South Beach. Go figure.

It's not about empire regulated jobs. It's about making a living, by building your community.

Sat, 06/08/2013 - 14:33 | 3637424 crazyroadlizard
crazyroadlizard's picture

I'm amazed every day the world continues to buy our debt - apparently, we are the smartest country on the planet after all!

Sat, 06/08/2013 - 17:02 | 3637761 robertocarlos
robertocarlos's picture

Money for nothing and your checks for free.

Sun, 06/09/2013 - 11:26 | 3639053 sethstorm
sethstorm's picture

Also helps to have a very powerful military.

Sat, 06/08/2013 - 14:49 | 3637455 BattlegroundEur...
BattlegroundEurope2011's picture

Don't you get it?

 

Food stamps is a way that your Government shows it loves you.

 

Sat, 06/08/2013 - 15:05 | 3637494 newworldorder
newworldorder's picture

Remember that regardless of our ecomomic circumstanses, we all live in a  JUST IN TIME world. Everything from food distribution to water purification is dependent on OIL. Disrupt this on a world wide basis and armaggedon starts, especially among those living in concrete jungles.

Sat, 06/08/2013 - 15:11 | 3637511 f16hoser
f16hoser's picture

Courtesy of "Your" Privately owned FEDERAL RESERVE BANK and "Your" elected officials. Who choose to borrow at interest as opposed to printing our money interest free as per the US Constitution.

Sat, 06/08/2013 - 15:10 | 3637513 Divine Wind
Divine Wind's picture

 

 

 

I wonder how many of these SNAP homes have da intawebs, big screen TV, iPhones and an Escalade in the driveway?

Time to go get "turnt up."

Sat, 06/08/2013 - 15:33 | 3637563 lotsoffun
lotsoffun's picture

i think it is rather odd.  according to the lovely cia.org site - (complete with a 'kids' page)  the world fact book states there are 317MM of us.

85 billion/per month / 37MM = $268 person a month.

does anybody find that odd?  that's an awful lot of money printing......

a family of five - that's $16,000/year.

good times kids!!!  uncle big bad bama is buying and we livin' fat!

 

Sat, 06/08/2013 - 15:34 | 3637564 Wakanda
Wakanda's picture

The number of cars at the weekly "food pantry" is far more than are at the local grocery stores.  It only happens once a week, but a lot of calories get handed out that day.

Sat, 06/08/2013 - 15:34 | 3637568 q99x2
q99x2's picture

Use the food to build your strength to marine fitness. You are going to need it to kick out the globalists.

Take all free bankster handouts and use it against them.

Sat, 06/08/2013 - 16:19 | 3637669 Manic by Proxy
Manic by Proxy's picture

And thus, we have 23 million households standing in a virtual soup line. Why, that line would stretch to Obama's birthplace in Kenya and back. That must mean something. Go long cheese?

Sat, 06/08/2013 - 17:00 | 3637752 robertocarlos
robertocarlos's picture

If you cut off foodstamps then how will the people make their Govt Motors, or BMW, lease payments?

Sat, 06/08/2013 - 17:06 | 3637769 dolph9
dolph9's picture

They have you right where they want you.

Remember, if you say anything about food stamps, then surely you are an evil, perhaps racist person who wants people to starve.

This has been a long time coming but it happened slowly enough for us not to notice.  They will not stop until they have bled you for everything you are worth.

Sat, 06/08/2013 - 19:26 | 3638008 Fix It Again Timmy
Fix It Again Timmy's picture

America's jugular vein is the trucking industry - screw, mess with or disable that no matter what the reason and the US of A starts going into death spasms for both the 99% and the 1%... It's that simple folks.  You will not be OK no matter how many EBT cards or how much money you have....If you don't like it - join an Amish community...

Sat, 06/08/2013 - 22:14 | 3638325 world_debt_slave
world_debt_slave's picture

and who does the gov use to process this taxpayer handout? the likes of JPMorgan, Wells Fargo and other Wall Street criminals.

Sun, 06/09/2013 - 01:00 | 3638579 ponzisaurus
ponzisaurus's picture

Most people pay their bills in this order.

food

utilities

mortgage

If food is not a issue the mortgage gets paid.

Sun, 06/09/2013 - 11:23 | 3639043 sethstorm
sethstorm's picture

Thank the private sector.

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