Mission Accomplished: Stocks & Homeless Kids Hit All-Time Highs

Tyler Durden's picture

Submitted by Simon Black via Sovereign Man blog,

Something is dreadfully wrong with this picture.

In a report just released today by the National Center on Family Homelessness, a team of academics has demonstrated that the number of homeless children in the Land of the Free now stands at 2.5 million.

 

This is far and away an all-time high and constitutes roughly one out of every 30 children in America.

The report goes on to explain that among the major causes of this problem are the continuing impacts of the Great Recession that began in 2008.

Funny thing, someone ought to tell these homeless kids that the economy is doing great. Of course, we know this to be true because the stock market is near its all-time high.

The Dow Jones Industrial Average now stands at 17,633, just off its all-time high.

Also near its all-time highs is the bond market, and coincidentally, the US debt—which is now within spitting distance of $18 trillion.

In other words, if these kids ever do manage to pick themselves up off the streets, they’ll work their entire lives to pay off a debt that they never signed up for.

And it all comes down to a completely perverse, corrupt, debt-based paper money system.

Yes, no matter what happens in the world, there are always going to be rich and poor. And as painful as it may be, there will always be homeless children. That’s not really the point.

For the most part, financial wealth used to be something that people had to work to achieve. They had to produce something valuable for consumers. They had to develop new technologies and be innovative. They had to take chances and in many cases risk it all.

That’s less and less the case today.

Today one’s station in life is much more tied to how you grew up. If you were born poor, you have a 70% chance of staying poor (according to a recent study from the Pew Charitable Trust).

And needless to say, if you’re born rich, you’re going to stay rich. Much of that is due to the monetary system.

In our system today, unelected central bankers wield total control of the money supply. In their sole discretion, they have conjured trillions of dollars out of thin air, and have thus greatly inflated the money supply.

This monetary inflation has created a number of effects.

On one hand there has been substantial asset price inflation. We’ve seen the prices of stocks, bonds, luxury properties, etc. hitting fresh highs again and again.

And, naturally, it’s people who are already very wealthy who own these assets.

Then there’s the other side– retail price inflation. Think ‘cost of living’. Rent. Food. Fuel. Medical costs. All the stuff that normal people need to live.

Both asset prices and retail prices have gone up.

Now, if you’re already very wealthy, you might spend as little as 1% of your annual income on living expenses, and you keep the other 99% to invest in these assets that keep hitting fresh highs.

In this case, retail price inflation is irrelevant; central bankers are putting so much money in your pocket you don’t even notice the increase in retail prices.

Then there’s the case for everyone else. People who struggle to make ends meet and have to spend 99% of their income on living expenses. If they’re lucky they save 1% of their income.

Obviously to these folks, retail price inflation eats away at their living standards. And a substantial portion of them fall out of the system entirely and end up on the streets.

Again, this isn’t intended to rant against wealth. We tell our students each year at our entrepreneurship camps– wealth accumulated by producing valuable products and services, through hard work, great ideas, and risk-taking, is pure and noble.

By creating wealth for yourself you create wealth for others, and you create progress for humanity.

But we’re not talking about wealth creation. We’re talking about theft.

This system puts money in the pockets of people who are already wealthy by sacrificing the purchasing power and savings of everyone else. The rich get richer, the middle class gets hollowed out, and pensioners get squeezed.

They have completely broken capitalism and replaced it with state-sponsored welfare for select corporations and special interests. Totally destroying upward mobility in the process.

This is a far cry from a society that’s supposed to espouse ‘freedom and justice for all.’

As a system, it’s a complete failure.

But the only reason why it continues to have such destructive power is because we allow it to have that power.

A hundred years ago when they legalized fractional reserve banking and created the Federal Reserve, people didn’t have the options that they have today.

Now, all of the tools and technologies exist for you to completely divorce yourself from this system. Or at a minimum, substantially reduce the power and influence that governments and central bankers have over your life.

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kowalli's picture

2.5mln it's much more than the army and you are asking - why usa don't care about people - too many mouth? to feed

Kitler's picture

Brilliant idea

Put them in the army

Maybe the Russians won't shoot children

813kml's picture

Kids love video games, just hand them all joysticks to their very own drone.

zerozulu's picture

All American are homeless. American is foreclosed and auctioned by the Bankers.

LawsofPhysics's picture

Perhaps, it's the taking possesssion of those assets that's going to be a bitch.

Abitdodgie's picture

If there is 2.5 million kids on the street then why do the satanists have to keep taking other peoples children for SRA, I know all chldren belong to the state because the biological perants cannot be bothered to cancel the birth cert but with all these kids lying around on the streets of Amerika , well who would miss them .

Anusocracy's picture

If you want to find the real problem, ask the parents of these kids how to correct their situation.

MeMadMax's picture

The writer of this article is a homo...

 

Rants all day about problems to make people feel sorry for him and others...

 

But yet, never offers a single solution to the problem...

 

That's the problem... People like the author of this piece of shit...

Supernova Born's picture

When you look around at your fellows do you see the raw ingredients of a renaissance of liberty?

MontgomeryScott's picture

Excellent question, and well worth responding to.

NO.

I hear a bunch of pathetic, lazy, indolent self-centered people who immediately respond to the idea of taking back the nation with replies like, 'I can't do anything', and 'I'm not smart enough', and 'The experts know what they're doing', and 'You're scaring me' and 'I'm too busy' and 'IT'S INEVITABLE'.

Kids go homeless, and wars continue unabated, and the entire world watches and hates what the former United States has become, and the police arm up with MRAPS, and the CANNIGULA overrides all laws, and the PEOPLE; they just lay back and wait and wish for their next television program or their next medication to take effect.

SURE, there are SOME, but they have no clue as to the fashion of their freedom, and are leaderless now that GOD is a DIRTY WORD.

maskone909's picture

By golly these kids arnt homeless. They are are just participating in fractional reserve housing

markmotive's picture

I guess things are gonna keep getting worse for the homeless kids, cuz Abby Joseph Cohen sees the S&P 500 at 2150 in 12mths.

http://www.planbeconomics.com/2014/11/abby-joseph-cohen-s-500-at-2150-in...

Richard Chesler's picture

How fitting that the first negro potus hands the country to the banksters on a silver platter. FORWARRD!!!

 

Whoa Dammit's picture

OT-- New York cops to take guns when permit holders die:

Buffalo, New York Police Commissioner Daniel Derrenda told WGRZ. Derrenda admitted his department would be sending officers to collect pistols from executors of deceased permit holders' estates

Buffalo cops will find the weapons by matching death records with gun permits.

New York State Rifle & Pistol Association President Tom King commented, “They're quick to say they're going to take the guns."

However, King points out “They don't tell you the law doesn't apply to long guns or that these families can sell [their loved one's] pistol or apply to keep it."

http://www.wsbradio.com/news/news/national/report-cops-collect-guns-afte...

IndyPat's picture

These folks should just sell some stocks and buy a house.

Fuck, folks. Is it that hard? Sort your shit out. Do I have to tell you everything?

johngaltfla's picture

One thing is certain; many Eastern European and Balkan nations have had it with being New York's, London's, Berlin's, and Brussels' bitches...

11.17 1500 ET: Tens of Thousands Protest Against Hungarian Government (Live Video)

Anusocracy's picture

Aren't the protesters against Orban working for New York, London, Berlin, and Brussels?

Like all the recent "protests".

johngaltfla's picture

Oh yes. Orban is a tool of the central banksters big time. He's depreciated the forint to a point where inflation is a weekly event and grocery shopping, well, it's getting down right Argentine style.

Anusocracy's picture

I meant that he wasn't owned by the US.

LawsofPhysics's picture

Homeless kids turn into loyal slaves...

...or cannon fodder.

 

same as it ever was.

ZH Snob's picture

just give the homeless kids stocks, and it will all work out OK.

ApparentlyAPseudonym's picture

A guaranteed basic income could solve poverty. 

Thanatos's picture

That is not a good idea.

Trust me.

 

 

Tall Tom's picture

Why is either a criticism or a whine. As he stated that it is a bad idea then you need to demonstrate that it is not.

 

However you will FAIL as it is a bad idea. Socialism does not work.

 

Go ahead...present your case...I need a good laugh.

ApparentlyAPseudonym's picture

In every case in which it has been tried, if you give sufficient money to a poor person then they will suffer less from poverty. That is my point.

The9thDoctor's picture

Socialism does not work.

$27 trillion in banker bailouts, and you want a "good laugh" at someone entertaining the idea of a guaranteed basic income.

We spend how much on prisons?  It would be cheaper just to literally hand poor people free rent for an apartment than to have to hire C.O.s and all of their bloated overtime payroll to babysit drug offenders in these horrendous prisons.

You are already under "socialism", so if you want a "good laugh" look at your police dept, fire dept, school system, prison system, highway system, parks, and military industrial complex.

We have more vacant homes in this country than homeless people, and righty tighties, heaven forbid, someone gets a "handout"!  Even though the Jesus dude they talk about obsessively advocates helping the poor. Nope.  That's a handout.  Go work for a living.  Work ethic.  The most important ethic in all of humanity, even though the agrarian age is over and everything is or will be automated.  Homeless people have no skills, and can't get skills, screw 'em and throw them in jails or prisons because that creates Jobs! JObs! Jobs! for correction officers!  Oh boy!  That's the work ethic again.  12 hour days babysitting people that hate your guts.  Jobs! Yeah!

Spending $350 a month for an apartment for a homeless guy in the crap part of town.  Oh man, that'll break the bank. Our country will go broke.  Spending $2,500 a month housing that same homeless guy who is now an inmate in a prison, what a bargain, and it provides Jobs! Jobs! Jobs! for correction officers.

Conservatard ideology is beyond joke level.

TeethVillage88s's picture

Agree. BTW cant vote on this one.

- 40% of Working Age Labor Force doesn't work right now.

- Automation, Computers, AI, Robotics... just the other part of Outsources, Off-Shoring, or using Black Market Labor within the USA.

- And Fractional Reserve lending means "Special Privileges" for Banks allows them to create money out of thin air... then when the loan goes bad, business is bankrupt, Merger Fails... the Banks get to own the Assets. talk about Corporate Socialism....

winchester's picture

nobody can calculate the amount of shitload in 10years when  whole generations of line of products will be 100% manufacturized/packed/shipped/sold by robots.

 

from this point half the planet become worthless, human ressources become the main problem.

 

i think the worst is to come around 2035. the next 10 years will be like nothing humanity saw before, just because of technology.

behaviors will be like hunting full cart at wallmart exit with rifle.

 

social meltdown is close.

 

no riot, no revolution, masse will not rise against system, system will make mass raise against itself.

i look at it everyday.

Ruffmuff's picture

Stop picking on my POTUS.

You make it sound like he left his DNA on barney franks dress.... again..

Please stop it!!!!!!

Robinhood's picture

Where is the Bill and Melinda Gates foundation? Oh yeah they made the pledge and still have more than ever before. What happened to charity Bill and Melinda? Oh yeah charity starts at home! We get it. Hope you like living in Africa!

Miffed Microbiologist's picture

Funny if true why they allow so many illegals to flood in? Maybe next they will propose eliminating childhood labor laws and reap the rewards of this largess. Third World country here we come.

Miffed

813kml's picture

Bullish on tiny tot coal miners, and canaries.

RaceToTheBottom's picture

Canaries are too expensive, use children.   Much cheaper...

Plus the tunnels can be so much smaller.   

 

Profits!!!

hootowl's picture

The purpose of the Ovomit progressives is clearly to weaken and destroy Christian America.  If you don't believe that, you are ignorant, uninformed, and you are part of the problem.

 

Starve The Beast!

The9thDoctor's picture

If you don't believe that, you are ignorant, uninformed, and you are part of the problem.

Pot calling the kettle black, eh?

hootowl's picture

The purpose of the Ovomit progressives is clearly to weaken and destroy Christian America.  If you don't believe that, you are ignorant, uninformed, and you are part of the problem.

 

Starve The Beast!

Guerrero Latino's picture

Tell me why that matters?

Religion is the origin of all this idiocy

ebworthen's picture

It brings to mind Johathan Swift's "A Modest Proposal"; feed the children of the poor to the rich.

SWRichmond's picture

Third World country here we come.

We have already arrived.

insanelysane's picture

The thing that is so amazing is that they believe that these illegals, who were probably homeless in their native land, should have a home here payed for by you.  That's quite a racket.  We should all just show up in some other country, with no job or anything, and expect to have a house.

Kirk2NCC1701's picture

We need more Shanty Towns is USSA -- to make the Homeless, the Poor, the Weak, the Diseased, and the Uneducated feel more welcome in USSA.  It's the PC thing to do, so they won't feel inferior.  As long as they get their Walmart EBT cards, so they won't steal from the rich, it's all good. /s*

* For those who need an explicit Sarc tag.

himaroid's picture

We don't need them on the farm.

Too bad all this fine machinery did not come along two hundred years earlier.

We could have picked our own damn cotton.