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Teachers Warn Of "Victorian" Poverty As Socks In Short Supply And Stocks At All-Time Highs
Just yesterday we highlighted the sad, albeit not at all surprising fact that Abenomics is destroying Japan’s middle class as the BoJ’s relentless bid for all financial assets coupled with non-existent wage growth is increasing the disparity between the haves and the have-nots just as one would expect from a set of policies which center around the relentless printing of fiat currency in order to inflate the assets most likely to be held by the wealthiest citizens. This is the same dynamic we should expect to play out in any country which deploys such policies and as such, we weren’t surprised to read the following from BBC:
The NASUWT teachers' union says schools and teachers are increasingly having to deal with the consequences of poor housing and poverty.
Teachers reported bringing in their own food to school to give to children.
Claims about poverty in the school-age population were heard at the NASUWT teachers' union annual conference in Cardiff.
It was not a representative sample of teachers, but among those replying more than two in three reported seeing pupils come to school hungry.
"Children in 2015 should not be hungry and coming to school with no socks on and no coats - some children are living in Victorian conditions - in the inner cities," said one unnamed teacher.
Almost one in four of the teachers who responded said they had brought in food for pupils who were hungry, and an even higher proportion had seen the school feeding pupils.
More than three in four had seen pupils arriving at school with "inappropriate clothing" such as no socks or coats in bad weather.
Similar numbers claimed that a bad diet meant that pupils were unable to concentrate on their work.
More children were being sent home with letters about unpaid school meals and pupils who were sick were still being sent to school because parents could not afford to take time off work, claimed teachers.
And while some children may indeed be doing poorly when it comes to socks, investors are doing just fine when it comes to stocks (which we all know is the only true measure of economic health in the new paranormal) with the FTSE sitting near record highs. And as government officials were happy to explain to teachers, everything is fine no matter what those children are telling you:
Speaking at her own union's conference in Harrogate, National Union of Teachers president Philipa Harvey said: "Many of us will have provided breakfast for children so that they can cope with the demands of a school day as well as the teachers and other staff who are providing school uniform, books, coats."
"Because of our policies, there are more jobs than ever before, wages are rising faster than prices and with the lowest inflation on record, family budgets are starting to go further.”
"The NASUWT should recognise how the Conservatives have rescued the economy, and through that, delivering the jobs that secure a better future for families."
Perhaps, but consider the following projection from Deutsche Bank and ask yourselves: what happens to the privileged children of the country's wealthy citizens if the value of financial assets stops rising? We suspect they'll still have socks...
What outcome to May’s General Election should investors be hoping for? Well, according to Europe’s biggest investment bank, it doesn’t matter – you’ll be feeling the pain either way.
In a research note released on Friday, Deutsche Bank said asset prices would be threatened by either a Labour or a Conservative government.
“For investors, there may be no good outcomes at this general election,” said Deutsche’s Oliver Harvey and George Buckley. “It is likely that growth will have to navigate the Scylla and Charybdis of fiscal tightening and less accommodative monetary policy whatever government takes office.”
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Don't people know it costs money to have kids, not just tricks.
That's racist, you can't have kids cost money, kids should be free to raise, or else the minorities can't afford them. Didn't you learn nothin in your liberal arts school?
Nope, and it's prolly a good thing that I didn't.
Now go forth and make sure your children also flunk out of liberal arts colleges for excessive rational thought.
Stop the immigration.
Europe is full.
Can't afford socks? Let them eat slippers!
I'll bet there are socks for the FTSE!
Soon to be filled with lumps of coal.
This is all horsehit. These kids' parents get free housing, and enough money to clothe & feed their kids.
You could double the handouts to those parents and these kids would still go hungry and cold. The problem isn't poverty; the problem is the social welfare system that incentivised their useless, feckless parents to have kids in the first place.
Increase their incomes and they'll breed even more, and in 5 years you'll be back where you started, but with even more hungry kids, a larger deficit, and a smaller middle class to pay for it all.
Not true for all - but sadly, true enough for some.
Have a s-i-l who teaches in NYC. It's pretty common for her and others to bring in coats and hats and gloves for kids at the beginning of the winter.
BUT she learned early on, you ONLY bring in well used stuff. Too many times parents will sell off anything new their kids bring home. ANY efforts to provide some kind of 'safety net' for those that really need help end up getting abused.
This bit about kids in poverty is just not important. Of major importance is who will be the first ball player who signs a billion dollar contract, who will be the first to have a 1000 foot yacht, and who is going to build the first mile high building.
Are there no prisons? Are there no workhouses?
By Dickens, you're right.
At least America has gotten beyond pondering who will be the first president with enhaced levels of melanin or the first football (American, that is) referee with two X chromosomes. Back, I guess, to fantasy baseball.
All your childrens are belong to us.
Chitlins too.
"Your kids don't belong to you, serf! They belong to the whole community!" - Melissa Harris Perry
And what of the baby daddy
What of him, indeed?
New market Venezuelan socks for UK toilet paper.
Long live capitalism!
Europe is quickly becoming the new middle east.
Invade and conquer.
Who said anything about having kids, save yourself first, then have all the kids you want.
...and excessive student debt to pay for the $400K/yr for one class salary of that Liberal Champion, Taxahauntus.
Ha! A while ago I was talking to a factory worker who complained about high prices and how everything is so pricey...
the guy had 5 kids and a wife who didn’t feel like working...
SHIT MAN! OFF COURSE EVERYTHING IS EXPENSIVE IF YOU HAVE 5 KIDS!
And you’d think that moron figured it out but nop... give it another year and he’ll have 6 kids.
You can’t give those kids what they need. And every moron can make children, it only takes 15 minutes.
Providing is a different thing.
And those beggars with those cardboard signs... please money.. I have 4 children and no work.... need food....
YOU SHOULD HAVE FIGURED THAT ONE OUT BEFORE YOU STARTED MAKING KIDS LIKE A RABIT YOU MORON!!
I mean, we’re not animals and unless you live in Africa, kids aren’t a sign of riches.
there are two major costs coming up for major change
public education and cops on the back of property owners
A - if you have a kid that has no responsibility for anyone else
B - if the the federal government wants to put the country on lock down then that should be national expense not local - cops are way too expensive for what they do - robots would be cheaper and safer
You forgot one thing, that education sucks in this country.
did you mean mor-on, or mor-mon?
lololololololol
At least he's married. All those single moms who never married and begat multiple rugrats with diverse partners are the ones who irritate me. Not that all those deadbeat dads are any better.
Where I live we have a single mothers estate.
Fifteen whole minutes? No stalling or nothing?
I have 6 kids. Love them all, all taken care of by my wife and I. Maybe too well taken care of but that's for my wife and I to address. Way more than I had growing up.
There is a significant number of people who actually have kids here in the US to make money. Essentially a government run program. We know how those work out.
Good for you man! There was a time in this country when most people had ten to twelve kids (although some of them would die in childhood). The wife was able to stay home and look after the kids and the average man earned enough to support his family. They still had a good life. We've lost a lot in this country in the last fifty or sixty years.
Kids have other uses too. As Dr Swift long ago suggested, you can eat them when times are tough. Sell them for medical experiments is a nifty idea from Python's Meaning of Life. Kids are great.
The rich can afford to procreate, and the poor procreate without giving a shit about cost. The only people that can't afford to procreate are the tax donkeys. How will that play out?
We are not rich, and we pay a shitload of taxes.
You have to have kids for the right reason. They are not a product of a biological accident. It's because you love them.
Our "newest" car is a 2008. And we have more fun than most can even imagine.
Human, as with most animals, do not breed well in captivity.
Victorian poverty demands that Dickens be read in schools. If you can't read you can watch - but you still won't be able to spell when you want to write your comments...as we have seen so many times here on Zero Hedge (and I don't mean the typos):
https://www.youtube.com/watch?v=ffAnWNcB-sg
There's not much about poverty, ignorance and illiteracy that is not already known - and known for very long time now. What amazes me is the trashy flash of 'artists' such as Gwen Stefani: as if red lipstick, pricey shoes and a bare midriff are all a 'girl' needs to have in this world.
https://www.youtube.com/watch?v=Kgjkth6BRRY
I have NO sympathy. The inner city lined up for miles TWICE to vote in the horrorshow we have running the country now. Screw 'em.
I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... www.globe-report.com
< "Victorian" poverty,
< Dickensian poverty.
Please, sir, may I have some moar?
don't cry into your gruel e_goldstein
Labourite poverty, in any case. It's their policies at work.
Are there no EBT cards? Obamaphones? Medicaid? If all else fails just give those kids a VERY late term ex utero abotion.
No worries, buzz, I'll punch the orphan next to me and use his tears for my gruel.
Orphan tears are the best spice. At least that's what Jamie told me.
Ahh, the laddie here reckons himself a poet!
just putting a new twist on ye olde quote
Cowbell?
For the less literarily inclined... Dickens level of poverty = gangs of orphans, orphans as young as 4 years old serving in His Majesty's Navy, and Orphanages that were essentially sweatshops.
"What then must we do?" Leo Tolstoy
Powder monkeys and cabin boys filled vital roles in their Majesty's Navy - best of all they were a renewable resource. Messers Malthus and Swift were not far off, though I think it was Mao managed to embody the ulitmate view of disposable humans. (Stalin never realized that growing the herd ultimately would increase his wealth and power.)
If you have 12 pairs of socks and $10 you are richer than 78% of the world.....
If you have $10, you basically hold little joobuck debt notes (that apparently represent the DEBT still owed to some jewish banking families for their COURAGE they displayed in printing them)...
If you spend them wisely, you'll likely get 12 straight SOCK PUPPETS for POTUS who will be glad to kiss the wailing wall & keep the system alive...
But I'm not sure how that makes you 'RICHER'?... Perhaps only in the sense that if, instead, you're one of the 78%, you're likely to get your ass droned by the same Apartheid State fulfillers of THE DREAM...
If you need socks, Francis, just ask......
More than three in four had seen pupils arriving at school with "inappropriate clothing" such as no socks or coats in bad weather.
Welcome to the new economy and corrupt, crony capitalism. The 0.1% make all the money and you cannot afford socks.
The top 0.1% have more wealth than the bottom 90% in the land of the free.
Sucks to lack socks due to your daddy being sacked due to Goldman Sachs sack of the middle class.
As sad as this is, if you can't feed and clothe 'em, don't have 'em. With a job and savings I can't afford 'em.
I keep my frank and beans warm with a tube sock somtimes.
read some history on them Victorian workhouses, we think we have it bad.
http://www.workhouses.org.uk/life/
Cue the Michael Snyder article on 27 reasons why having socks is nice......
OK - just say I made a GIANT PILE of cash over the least 36 months trading stocks.
How exactly would that prevent anyone from buying socks for their kids?
Does me making money in stocks prevent anyone from getting an education, a job or learning a new skill?
If I would have just put my available cash in my sock drawer would some poor kid have gotten better grades, or would someone have found a better job or learned to be a plumber - that other wise would not have?
What exactly would all of these poor people have done differently if I didn't make any money investing?
I am sure as fuck glad I didn't know the answers to these questions because if I had known how other people making money investing would have held me back I would be sitting someplace without any socks - in total poverty.
Why yes it does, their is a long standing and direct relationship between the stock mkt going up, and prices going up as far as the eye can see. So when you make money off of stocks, someone else can not afford socks. Repete enough times and you have a crisis on your hands, do the math and check back later.
So you must think it would be better for the poor if the market dropped 25% a year for a decade or two -
That would cause it to rain socks -
It would be better for the poor if the market had totally imploded in 2008, like capitalism demanded. Instead the bankers pissed into every wallet and bank account in the USA, mortgaging the dollar itself to make them rich at the expense of everyone else.
czar is right - if the necessary implosion and fix of Capitalism had been allowed to occur in 2008 instead of trying to prop it up with Socialism, we'd be better off now. And on a seperate note, I also fail to see how the stock market affects inner city kids from getting socks. Socks are dirt stinking cheap. Like 5/$1 cheap in dollar stores and thrift shops all over the inner city. You can bet your sweet @ss those kids' mommas have new hairstyles, tennis shoes, nails, and smart phones. Half the reason they aren't wearing coats is because they don't give a damn and neither do their moms - who are busy 1) making more of them and 2) trying to find a dad to support the first batch.
Sure, you could say the stock market/Goldman Sachs is messing things up for the inner city. That could be true to some extent. But these people were promised in 2008 and 2012 of freebies galore. Remember Peggy Joseph and how Obamabucks were going to pay for her kids and her kitchen and car and house and everything else? That's the mentality. And they ALL went out and voted for the Kenyan Marxist - twice.
On top of that, these people - and I know this from experience - make it as damned hard as possible to hire them. They are generally poor workers, poorly educated, poorly prepared, poorly organized, they don't stay employed for long, and they complain about everything. That's WHY they're in the inner city STILL after HOW MANY generations of this. I know this because I work around them all day long and I listen to a ton of their BS while I watch them come and go. It's maddening.
I don't hate them. I am incredibly frustrated for them. Occasionally one breaks free from the inner city Matrix but it's seldom. And even those indviduals can't get their friends to listen to them.
I don't think anyone said it was bad to make a pile of money in stocks. But nice strawman argument, dude.
The article and so many other like it tries to make the case that there is a fixed about of income to be made - and if some make a lot then others are somehow cheated out of their rightful due.
This is pure horse shit.
What some Wall street guy does doesn't prevent me from getting an education or learning a marketable skill so I can find a job that pays me enough to buy my kid a pair of fucking socks.
What rich guy ever prevented you from going to school or learning a trade?
I think you're intentionally missing the point of the article. But maybe you're just that dumb.
Smart enough to earn enough to buy my kids socks -
What about you - your kids barefoot because some hedge fund manager made an extra million?
Ask the parents of these kids what they do for a job - I bet most of them have no skills and are on the dole.
This is not the issue. The issue is to bomb Syria, Yemen and Ukraine for the kids.
The critters can only measure what they see, which is public, private and non-profit corporations, feudalism, which is a filter 5000 years in construction, shrinking due to globalization demographics. They can’t swap stupid to keep the system going. At the same time, they are becoming ever more efficient by replacing people with machines, do tomorrow what they did yesterday, faster, which is what the market is measuring. When it’s all going to blow up is anyone’s guess. How you recycle depends upon your perspective, spacetime consideration.
Having children is an act of faith, a function of experience, which you cannot measure accurately in advance, wherein the empire is going to increase the slope against labor to feed the downward slope for the herd. I had no idea that the city of Encinitas was going to dispatch all of its first responders to my house when the Assembly of God orchestrated my divorce, as an example to others similarly situated, but I suspected, as I suspected that the Port of San Diego would then fire me despite alleged property rights to employment. I was quite surprised that CSS was stupid enough to destroy my credit in advance with false reports of delinquency, and then leave its action in the public record. Net, the City of Encinitas is now a cesspool, as is all of San Diego, set to consume its own sewage, on scale. I wouldn’t want to be cleaning those filters.
i guess they missed out on the fb ipo. sucks to be them.
Tax the teachers union to pay for the socks .
Don't buy the lobster or prime rib; buy yer kids some sawks.
And make sure they have the latest iCrap.
Always pull out no matter how good it feelz...
Make the teachers buy them if they're so concerned about it.
You need some Helen Lovejoy in your life.
https://www.youtube.com/watch?v=RybNI0KB1bg
When the banksters print fiat, money, the result is plunder.
Socks are just one of the myriad of things plundered.
The banksters need to repay us.
Guillotines stop plunder.
"Are there no Workhouses? And the Poor Law, and the Treadmill?"
E. Scrooge in C. Dickens _A Christmas Carol_
Dat bitch be gittin sawks afta I pays off dem spinnin rims, yo. I gotsta have my rep.
I haven't posed on here in few weeks. Thought I'd come back to call out a piece of shit racist or two. Not hard to find on ZH, of course. Fuck you.
50%, as in 1 out of 2, american children live in poverty. It's white, black, Hispanic. But, yes, because of institutionalized racism by folks like you, blacks are much much more likely to be poor.
Again, go fuck yourself and eat shit and die.
"But, yes, because of institutionalized racism by folks like you, blacks are much much more likely to be poor."
It's because people like you supported mass immigration.
There will ALWAYS be MORE poverty as long as it is imported AND subsidized.
If you want less poverty, stop importing it and prohibit them from reckless breeding, ie multiplying themselves.
Mr Yellen: to get a pair of socks, first get one sock.
Its always been like this.
The saying "the poor you will always have with you" wasn't just for holy rollers. Its only propaganda of the welfare-warfare state that people are promised, and actually believe, in the 'end of poverty' or the 'end of war'.
dup
"I have been assured by a very knowing American of my acquaintance in London, that a young healthy child well nursed, is, at a year old, a most delicious nourishing and wholesome food, whether stewed, roasted, baked, or boiled; and I make no doubt that it will equally serve in a fricasie, or a ragoust.
I do therefore humbly offer it to publick consideration, that of the hundred and twenty thousand children, already computed, twenty thousand may be reserved for breed, whereof only one fourth part to be males; which is more than we allow to sheep, black cattle, or swine, and my reason is, that these children are seldom the fruits of marriage, a circumstance not much regarded by our savages, therefore, one male will be sufficient to serve four females. That the remaining hundred thousand may, at a year old, be offered in sale to the persons of quality and fortune, through the kingdom, always advising the mother to let them suck plentifully in the last month, so as to render them plump, and fat for a good table. A child will make two dishes at an entertainment for friends, and when the family dines alone, the fore or hind quarter will make a reasonable dish, and seasoned with a little pepper or salt, will be very good boiled on the fourth day, especially in winter..."
http://www.victorianweb.org/previctorian/swift/modest.html
Jesus Christ!
I love children, but I can never eat a whole one........
People still laugh at the idea of paying poor people to be sterilized.
Which costs society more over the course of a year, a decade, a lifetime? Male sterilization or this? It worked wonders in India (albeit too little and too late and with all the usual government corruption and abuse, of course). It's cheap and it works.
Don't even mention compulsory sterilization as a prereq for any form of welfare, you'll be labeled a terrorist.
The thing is, no one involved will ever figure out or admit that there is no contradiction in sympathizing/empathizing with poor people and simultaneously wanting there to be fewer of them, the latter is actually entailed by the former. Every single anti-poverty measure they have tried has failed miserably if we naively assume the goal is or was less poverty and fewer poor people. But of course that is not and never was the real goal.
This union will now pay a bunch of its overfed directors to sit on a committee to draft a recommendation memorandum to submit to parliament and the education ministry and tell all its members to keep voting Labour. Same as ever.
No one is laughing. They are disgusted at the thought. Necessity is the mother of invention, adversity can build character. How many outstanding individuals of history would never have been, if your pet project were enacted?
If you wish to be sterilized- go ahead.
Leave it at that.
Ask that again when black Africa---or hell, black America produces an Einstein. George Washington Carver hardly counts.
Rock and roll wasn't worth black people's shit either.
Don't forget that castration is also the only known cure for faggotry. Convicted child rapists castrated by the west German government back in the day never re-offended, and many claimed it was the best thing to ever happen to them.
Unfortunately, faggots now have rights too, because giving them to niggers worked out so fucking well.
Had a discussion about this with a few people. I suggested offering up a one time payment of $10,000 to any male/female who would undergo sterilization. Payable 1 year after the surgery.
Of course. No money for food, socks or coats in those homes. Plenty for store-brand vodka and cigarettes though, I bet---and a big screen TV to boot, never mind that the parasites living there never pay their TV licence.
Pupils who were sick were being sent to school because parents couldn't take time off work? More like their mas are on the game and wanted their brats out so they could do incalls. I wouldn't be surprised if they made more than the teachers, tax-free, on top of benefits.
Sorry you have to clean up the messes left by chavs and ganjaheads, girls. Next lifetime read a real subject at university---or lose the attitude so you can up your chances of marrying someone who did.
Don't forget, Sharika need dem mon'ey for da weave and dem long nails yo!
What are they complaining about, I'm wearing socks and underwear older than dem starving kids...
Dude, I totally understand where you're coming from.
I wear my underwear and socks until they got holes in them. I'll sew them up as long as I can until the material breaks down and then I'll pitch them in the trash.
I know someone who lives in government housing. For him his wife, and two kids, he pays rent at a controlled rate that is well below what it should be for the city he lives in. The neighbourhood isn't bad, but I personally wouldn't raise kids in it which I believe he realizes as his wife won't let the kids out to socialize with the kids in the neighbourhood who come from mainly single mother households. I've been told one of the single mothers is a former Somali refugee with 10 kids all under the age of 12.
Three weeks ago, he picked up a brand spanking new Audi Q7 !!!!
I couldn't fucking beiieve it. These things go for $80,000 and instead of improving his families living conditions by putting a downpayment on a house in the burbs, he buys a fucking Audi. So, government housing with an Audi in the parking lot!
Stupid!
It happens her in America all the time. But then ask yourself, if he was so smart with money and not status driven, do you think he would be in government housing in the first place?
Im 38 with no kids, My life is so fuckin easy.
Fool, you're surrendering the future to idiots.
Mass immigration is the cause - obviously.
Don't breed em, if you can't feed em! Where in the Constuituion does it say that taxpayers should subsidize indolence and bastardy>!>
"unpaid school meals"
ehh in ussr school meals were free
Yes, more of the same coercive government corruption that caused these conditions is clearly the only solution.