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Mission Accomplished: Stocks & Homeless Kids Hit All-Time Highs
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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Weren't the Krotch Brothers one of the principles behind all those lucrative Empty beds that the those 20+ year old teenagers from Central america were being placed? Wait..they mean Home ohhhhh....like a mom and dad..Mr. n Mrs Cleaver, Room for one more, Tuff call..when the state says they own your kids.your savings...and those kids with a home have no future..pawned. Let's not forget the 13 million displaced in the middle east.. homes with complete families wiped out . All together this sounds eerily like..the G word. From above..don't bank on the Republicans..the very same faces Graham, Bush, Reid McCaine all voted together on the last Immigration push.under Bush Jr... ..dangerous they may be used for cannon fodder, but the problem with that is unles they have a fancy implant..they can still vote..that makes them potentially a problem down the road..but I digress..
blahblahredblueredblueblahbittylblahblahblah.......but I regress..
"If you're not inside, you're outside."
Damn
Hope-n-Change, baby... Hope-n-Change. Congratulations Dear Leader Obama, Biden, HIllary(!), Kerry, Reid, Pelosi, et al. Your dream society is almost here.
Every thing they have a czar leading it and a prefix of 'War' seems to have failed miserably.
War on poverty, war on terror, war on drugs and so on.
Since when do democracy's appoint czars?
Maybe they should try something new, without the war and czar. Maybe it would work?
None of it will ever work because the morals and principles of those at the top are putrid and selfish.
The way I understand it, and I'll be the first to admit I don't, the underlying assumption of Economics is that goods and services only get distributed to the owners of capital and their employees. The problem is that the division of labor and advances in technology have made a significant percentage of the population superfluous as employees. I mean, is there anybody out there, upon reading Adam Smith's Parable of the Pin Factory, who didn't realize that a shyteload of pin makers would be put out of work?
Before anyone thinks I'm going on a socialistic screed, the defining feature of socialism is that a (to date non-existent) cadre of Smart People becomes the de facto economic masters of the nation. That is probably one of the stupidest ideas to ever hit the pike (anybody remember that expression?). And that's not what I'm saying. What I'm saying is that maybe, just maybe, we should target production to the size of the population, with enough extra added so those involved in production can reap their well-earned rewards, rather than to the number of the employed.
Keynes is a great example of what I'm trying to say. Reading him is like trying to watch TV with a fog machine running between you and the television. Because you're never intended to have enough residual mental acuity to question whether the foundation of the arguments are fashioned out of manure. If you could penetrate through the language of the ego, the jargon, the innumerable charts and (frankly laughable) equations and the apparently God-given ability to predict human behavior, you might find yourself asking, is consumption a function of the number of consumers rather than the number of producers? Heaven forfend!
And yet the best solution we've come up with so far is to (always temporarily) conjure up a bunch of unnecessary jobs that add enough costs to goods and services to make them unaffordable to the majority. Is that the best we can do? Do we really want to live in a "Fuck you, I've got mine" world where we would rather waste resources than see the cycle of poverty broken?
Apparently so.
Maybe but I go back to the banks. They ARE the problem. We would have more thriving small businesses in America if the deck wasn't rigged between the goobermint and the banks.
The goobermint HATES small business (they don't get their taxes every 24 hours) and the banks DESPISE AND HATE small business (they are smart).
The banks have been allowed to dismantle the economy. The goobermint helped.
Still have direct deposit?
Then join up with other businesses and start you own bank. You will run it the way that is proper and correct.
Or use a savings and loan.
No worries i'm sure Santa will piss all over them at DOW 18k. The US has turned into a real fucking shithole.
Tylers:
Awesome job, and especially today...you are the surrogate conscience of America.
Good job neoliberal criminals! Doing God's work like bankster Blankfein?
Banks did this more than govt.
Govt just made it worse
Put the blame where it belongs, on your local 2b2f bank.
All I can say is: Still have direct deposit?
Many have no choice but direct deposit.
One Ohio Walmart is asking employees to donate food for other workers who are struggling so much they can't afford to buy a Thanksgiving meal for their families.
http://www.huffingtonpost.com/2013/11/18/walmart-food-drive_n_4296618.html
This isn't walmart, it's the employees pulling together. But when walmart's profits increase with the subsidies they get from the taxpayer, something is f'kd up.
https://www.youtube.com/watch?v=3lKIeUsy6aE&list=UUm4MDetGkKs-WnuCJiHBoFg
Tylers:
Awesome job, and especially today...you are the surrogate conscience of America.
Iraq & Afghan Kids Homeless Rate is up also.
One More in the Name of Love. One more Drone Strike Obama. One more War in the Name of Love.
- Harry Reid, Nancy Pelosi, Mitch McConnell, John MacCain, Lindsey Graham, Phil Gramm, Bob Corker, Bill Clinton, Dick Cheney, G. W. Bush, and Barack Obama... all are responsible
- One more Drone Strike to kill Mothers, fathers and Kids
I have to wonder how stupid they think we are, I trust what I see happening around me far more than what I hear from the media. As the stock market continues to remain at historic highs please show me what is so good? What is so much better?
As I see it the weight of carrying a large number of unemployed and people who have dropped out of the work force is wearing society down through attrition. The article below points out some of the glaring flaws in the argument that blue sky lies ahead as the stock market seems to indicate. As I look at a landscape of empty and under-leased buildings that once housed thriving businesses that provided Americans with good paying jobs I'm forced to ask, How are things getting better?
http://brucewilds.blogspot.com/2014/10/tell-me-again-how-things-are-getting.html
I wonder if Simon would put his money where his mouth is...and adopt a child or two? It woudm't even be a burden, he could hire a nanny.
I would tomorrow, but I don't qualify financially.
It's called tough love. Homeless kids can go fuck themselves.
If Tyler lets that image stay, I'm leaving for good.
Finally removed, I can safely visit the Hedge at work now, Thanks Tyler.
Yur a dick Alcoholic Native. Hope youre not native american.
It's people like you, why I've got to leave this site. It used to have intelligent comments.
Years ago I left Kitco because it was just a bunch of greedy emotionally crippled "men" who were constipated and upset because the wife got wise and finally divorced them; taking half the 401K with her.
Just send an email with the pig's comment link to abuse@zerohedge.com
Damn dude, you are making ME look good.
Dude... there is seriously something wrong with you
It's called my boot in your face is what is it called.
Seems to me that the promulgator of the 'report' has a vested interest in promulgating. It's the way of public Bernay's policy promulgation.
I think Zerohedge has EBOLA.
The symptoms are diarrhea of economic news (after 6 months of them, how many times can an editor get upset about new highs?) and constipation of foreign affairs analysis, namely the rash of baby Maidans going on in Prague and Budapest.
I recommend a valium for the economic diarrhea and a jar of vaseline for the consitpation.
Call me in the morning.
The old double up.
I see 2.5 million kids who could be put to productive work just strolling around doing nothing but playing with their iphones, all those little hands are excellent for doing fine work, they don't take up much space or need to be paid an adults wage.
Opportunity lost......do I really need a sarc tag?.....
Are there no prisons, are there no workhouses?
When you change money - you change everything.....Add this stat to the littany of other insane stats. Just another day of more insaneness. Its the new normal.
I noticed a young fella today, 15 or 16 at Starbucks... discretely take an empty cup out of a trash bin and fill it with milk & sweetener... he sat back down and continued using the free wifi on his computer while my heart sank just a little bit lower.
The signs are there. Something's gotta change.
fuck sbux - rob them for all they have
Reminds me of a rough patch we had as a kid... my parents would take ketchup packets from fast food restaurants to make tomato soup for us. That was a fun time....
Everything is Broken
from Keith Diaz 1 year ago
http://vimeo.com/75113425
.
John Trudell - Mining our Minds For The Machine
http://www.youtube.com/watch?v=6GgUyZ4F7CU
.
Rich Mans War by Steve Earle
http://www.youtube.com/watch?v=tjT6B6IFUU8
.
Rich Man's War - John Trudell
http://www.youtube.com/watch?v=fDOZ00A1aos
So the takeaway conclusion is that homeless children need to rebalance their portfolios to include more exposure to the stock market?
The headline is genius! Still enjoying the deep yet painful humor!
Once upon a time, because you have to question how story would start out, there was a day when you could go hunting or fishing without the state being involved. Yes, it is true. In those days, you did not need a license to go hunt for yourself to gain sustenance. Where I grew up and when I grew up, it was fairly common for the old timer's who taught me what I know to not need a license. They were exempt and as young child so was I. It was drilled into my head by those old timers that you never take more than you need because if you do, you will ruin your future.
If the fish were biting really well one day you would take enough fish for two days but not more than that. The old timers would pull anchor and we(Me) would row to shore much to my chagrin. I would complain that would should get what what should get while we can and the getting is good. I was met with cold stares from the old timers but I did not know what it really meant at the time. I could not figure out it out at age ten or so but I do understand now.
Once again we embark upon the great Wisconsin tradition of Whitetail deer hunting. Much of it is about children and passing on the tradition there has been an impasse. I observe culture and many things have changed as we all know. For what I am as an outdoorsman, the children don't get it. My children are nine and three years old but there are issues. I do not understand minecraft but i do understand a rifle and I have had them shooting. They like that but they go right back to playing on Ipad crap.
The kids like when I kill some rodent critter but they won't kill anything themselves. The deer population has been decimated by predators such as wolves and bear that have re-introduced to area BY THE STATE after the old timers had eradicated them. Wolves and bears are dangerous and on my website you can see where I face off against a mama bear and her cubs. I won. Get off my lawn.
As far as that goes, the state can get off my lawn too now that they killed pretty much all off the deer off because insurance companies PAID them do so. Now they bitch that no one is buying licenses and kids are not gett ing involved in hunting. Well, they accomplished that via the fact that ammo so expensive that no one will go and teach their kids to shoot but at the same time they fucked themselves and their retirement because no one is paying into their "management system". Aww, what did the old timers teach me? These state officails have taken far more than what is reasonable so now you get what you deserve.
I am not deer hunting per se this year again. I will buy no state license and I have chosen my rifle to take with me to protect my land. It is one my most simple rifles though I upgraded with Williams Firesights. It is a simple Wichchester model 70 .308 short action but I have killed over 20 deer with that rifle. Technically, I am not hunting but maybe if a deer presents itself.... That is protein for the children. It is also a felony. It was a felony the last time I did too. We will feed any little kid who needs a hand.
I have never seen anyone "starving" in my life. The community would never let anyone go hungry.
Part of that was giving excess game and fish to poor (usually black) folks.
Same as you with the license. Never heard of one when I was very young.
You could also legally possess dynamite when I was a kid.
You didn't have to worry about bears.
There has too be a way himaroid.(interesting moniker). I sounds like you grew up like I did. We didn't have much but a good day of fishing needed to be shared. You NEVER took more than you needed. As I learned to clean fish I started to understand things more clearly. This is a a lot of slimy messy work. I learned the same on deer. I didn't have a dad who made it past six months of me being born so I had to learn it all on my own with the old timers and they would give me no quarter. You shot it so now you clean it. They would offer advice of course.
You didn't dare waste anything. I still am to this day the ultimate conservative. If I can get value from something then I do so. It drives me crazy when I get called a "Republican" because that is not what I am. I am a conservative. I do not believe in wasting anything that might have value.
I am just going back to what I was taught as a kid. You don't take more than you need and you don't take any shit from anyone.
Bingo Manip.
There is something to be said for "sink or swim".
You can progress faster with lot's of grooming for success.
But it just don't stick like learning the hard way.
Here is the last Great True Conservative leader.
http://en.wikipedia.org/wiki/Jesse_Helms
He died July 4, 2008.
Something died in 2008 for sure.
Ah, those were the days, when hunting and fishing licenses were unnecessary, when there were no building codes, when business licenses didn't exist, when taxes were only paid by city folk, when a man could live by drinking badger milk, and could cover over his crap with a bunch of leaves, without having the STATE step in and tell him he must flush it away in some sort of communist sewer system, when you could beat your wife without interference, and piss on anyone who told you different without having to flush the excess down the aforesaid sewer system, when you could sleep with your daughter without the STATE coming round and making things uncomfortable, when money was gold, and not some namby-pamby concept of exchange backed by goods and services, when movies were in black-and-white, etc, etc, etc.
And even better before those types of worthless bastards ran from the problems they created elsewhere and brought them here.
And they are always VERY SURE that those problems existed before they came.
As opposed to these days when you can cover your shitty CDS bet with a .gov bailout at everyone else's expense? Like that? I see your avatar so I ask what goods and services do I get from Sweden? Jack shit is what I get from Sweden. Why are you not on the Euro then if you are going to speak like you are? What is up with that? I should buy Swedish bonds? Shut your face Riksbank. Yeah, when I get up in the morning I check Swedish bond yields because doesn't everyone? You are a play toy for FX. You want to take a shot a gold, well fine: Where is your gold? I at least know where some of it is.
I know where my guns are too.
Chill, Winston. Might I suggest Panama? I think their interest rate is around 9%, although I know fuck all about the tax situation, vis a vis the U.S. I do know they have no deposit insurance, but they have universal health care, and a pretty easy passport policy for Yanks who can demonstrate a meager income.
Panama is an entrepot that will exist as long as trade goes between the Atlantic and Pacific, so it seems like a good investment.
Put your guns away, tovarisch.
Global Gaza's been the plan ever since the creation of the Fed. Creation of fake paper money, backed by nothing which would then be spread around amongst each other until the owners of the Fed owned everything. All resources. All intelligence. All labor. All creativity. All beauty, elegance, creative genius would be replaced by what they are inside. Ugliness, modern art, pornography, shite music, crap architecture, fake food, fake everything.
We are 5 minutes 'til midnight on their timeclock.
100% correct.
I take solace in the fact that, historicaly, those behind this plot ALWAYS overreach. And when they do, it's curtains to them - with extreme prejudice.
We just have to wait a while and hope this time the solution is indeed final.
I have difficulty as some others are I am sure just how this problem is defined..see below..and it it looks like it was a broad definition to inclusde as many as possible and in both temoprary as well as chronic states.I have no doubt we have kids on the street..families in transit..and sadly those that just fall through the cracks..The rport was unnecessarily sprinkled if not stuffed with sad pictures of children and profuse backslapping.. I didnt like this. In this collapse we have going yes families will have to move in with parents if they are lucky enough too...and if we must turn to the ways of Third world wiwhere extended families functioned well close knit...loving....that may be a good thing..a healthy thing. To arrest organization leaders for feeding the homeless is a shameless thing..to ask the government to give a solution is like asking them and the same economists and bankers who caused this to provide a solution, and that simply can't work..imo..
http://www.homelesschildrenamerica.org/mediadocs/280.pdf
page 11
Accurately counting homeless children in the United State must start with a comprehensive
definition of child homelessness. Since passage of the McKinney-Vento Homeless Assistance
Act in 1987, various reauthorization bills have refined and expanded the federal definition of
homelessness, yet a unified federal definition is not yet in place. Different definitions used by
different federal agencies create confusion in states, cities, agencies, and the public regarding
estimates of homeless populations and eligibility for services and housing.
The HEARTH Act recognized a broader scope of children who are homeless who qualified
under certain sections of the Runaway and Homeless Youth
Act, Head Start Act, Violence Against Women Act, Public
Health Service Act, Food and Nutrition Act, and
the McKinney-Vento Act (HUD, 2011). Despite
this expanded definition, these groups are
difficult to identify and count using HUD’s
single-night PIT approach.
Using its narrower definition of homeless
and its single-night PIT counting method,
HUD reported a decrease in unsheltered
family homelessness in 2014 and an
increase in sheltered families (HUD, 2014).
However, this count does not include
homeless families and children living in
“doubled-up” situations with relatives
or friends—a number estimated at 75%
Stockholmless syndrome
Charles Manson finally found love. These kids will too.
No, no, no, no, no.
It's shelter insecurity! Dontchaknow?
Lol you swim backwards buddy, you might as well be freezing outside cause nig you ain't gettin' a coffee.
uh yeh how about i don't wanna be like the bait i fed to my catfish because I put an oval peg in a round hole.
hmmm, maybe all the too-fertile shit-for-brains on a hyper breeding binge should just fuck each other but not breed, then a lot of problems would be reduced, eg homeless kids, poverty, obola voters, entitlement program lifetime enrollees, etc, etc
Record bonuses makes the illegal legal and deserved you Fascist peasant. Now start sucking.
domestic (ussa citizen) .... no one gives a shit
illegal... LIBTARDS falling all over themselves to accomodate
example: HHS pays ... you ready for this.... $6000/month/illegal to house feed and take care of illegal kids. one local facility reaped $3.5 million for a THREE YEAR CONTRACT... yazza man... this illegal shit is very profitable... and makes LIBTARDS FEEL SO important spending YOUR MONEY... warm and cuddly ms13 babies... how fucking sweet