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Chart Of The Day: Five Years Of Jobs Versus Entitlements

Tyler Durden's picture


The Second Great Depression officially started in December 2007. The NBER tells us that the recession that started at the same time ended some time in the summer of 2009. The Second Great Depression continues. The chart below shows the cumulative increase in Americans receiving foodstamps and disability benefits since December 2007 on the positive Y-Axis, and the jobs lost on the negative Y-axis. No additional explanation is necessary.

And on a standalone monthly basis:


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Tue, 09/11/2012 - 10:07 | 2781512 LawsofPhysics
LawsofPhysics's picture

"Five years of jobs versus Bailouts"- FIXED.

Tue, 09/11/2012 - 10:28 | 2781606 GetZeeGold
GetZeeGold's picture



That was fun.....can we do it again!

Tue, 09/11/2012 - 13:05 | 2782266 economics9698
economics9698's picture

More EBT cards to help the 85 IQ crowd breed out the 110 IQ crowd.  

Tue, 09/11/2012 - 16:57 | 2783147 Element
Element's picture

Take note that since 1st Jan 2008, 464 US banks have failed.

FDIC failed Bank:


Many thousands more will soon be joining this list.

Tue, 09/11/2012 - 10:28 | 2781608 Pladizow
Pladizow's picture

Go long Apple?

Tue, 09/11/2012 - 10:40 | 2781668 Big Slick
Big Slick's picture

It's Bernanke's multiplier effect.  Same way 3.6 Debt/GDP will help us out of this. /sarc/

Tue, 09/11/2012 - 10:07 | 2781513 mrktwtch2
mrktwtch2's picture

hope and change..

Tue, 09/11/2012 - 10:09 | 2781520 Winston Churchill
Winston Churchill's picture

Hopelessly changed.

Tue, 09/11/2012 - 10:43 | 2781679 Yes We Can. But...
Yes We Can. But Lets Not.'s picture

Trademark that.

Tue, 09/11/2012 - 17:37 | 2783251 FEDbuster
FEDbuster's picture

At least put it on a bumper sticker.

Tue, 09/11/2012 - 10:12 | 2781538 max2205
max2205's picture

by the chart, I think dead people are collecting...don't you

Tue, 09/11/2012 - 10:16 | 2781553 divide_by_zero
divide_by_zero's picture

Why not? They'll be voting in a few weeks!

Tue, 09/11/2012 - 10:29 | 2781614 GetZeeGold
GetZeeGold's picture



Not even death keeps Grandma from's tradition!

Tue, 09/11/2012 - 10:41 | 2781671 Big Slick
Big Slick's picture


Tue, 09/11/2012 - 11:00 | 2781758 Metalredneck
Metalredneck's picture

"Vote early, vote often."

Tue, 09/11/2012 - 10:33 | 2781630 Zero Govt
Zero Govt's picture

that'll be the postal vote then

if you check the stamps they all eminate from GOP and Dem headquarters by some strange coincidence

Tue, 09/11/2012 - 11:53 | 2781989 Boondocker
Boondocker's picture

as they say in early and vote often!

Tue, 09/11/2012 - 10:07 | 2781516 malikai
malikai's picture


Tue, 09/11/2012 - 10:39 | 2781653 Zero Govt
Zero Govt's picture

don't hold your breath ...Benny is trying to fix it

$16 trillion in 'fixes' and still, Zzzzzzzz

Tue, 09/11/2012 - 10:09 | 2781523 vote_libertaria...
vote_libertarian_party's picture

...and this is BEFORE Ben loses control of interest rates...

Tue, 09/11/2012 - 10:09 | 2781526 blunderdog
blunderdog's picture

"Second Great Depression" is just not a fitting name.  This is the 21st century.  How about "Great Depression 2.0"?

Tue, 09/11/2012 - 10:13 | 2781541 WonderDawg
WonderDawg's picture

I think history will refer to it as The Collapse or maybe The Great Collapse.

Tue, 09/11/2012 - 10:18 | 2781558 StychoKiller
StychoKiller's picture

The Great Implosion™

Tue, 09/11/2012 - 10:42 | 2781674 Big Slick
Big Slick's picture

INCEPTION!!! ('cause I own gold)

Tue, 09/11/2012 - 11:48 | 2781961 ParkAveFlasher
ParkAveFlasher's picture

Iz Glorious Revolution, da?  Da.  Now what do you want to tell me about your neighbor's bank accounts, Komrade?  See?  I feel your glass wid wodka.  Iz good, da?  Da.

Tue, 09/11/2012 - 12:14 | 2782078 dark pools of soros
dark pools of soros's picture


Tue, 09/11/2012 - 13:23 | 2782321 MachoMan
MachoMan's picture

"The Great Swindle"


Tue, 09/11/2012 - 17:51 | 2783288 FEDbuster
FEDbuster's picture

"The winds of shit started to blow, it became a shit blizzard, pushing all the shit rats and their little shit apples into the shit abyss.  A real SHITNAMI" 

Jim Lahey, Trailer Park Supervisor

Tue, 09/11/2012 - 10:24 | 2781582 Sudden Debt
Sudden Debt's picture

I've got a question for you!

What can you tell me about the fall of English empire in the 19th century? In 20 sentences or more.

What can you tell me about the fall of the Spanish empire?

The Portugese empire?







ps: quoting movies is not allowed.


People only remember the glorious days of a lost empire. Nobody remembers the end and yet that is the only constant in all the stories.


Tue, 09/11/2012 - 10:29 | 2781617 WonderDawg
WonderDawg's picture

The only thing I know for sure that they all have in common is none of them happened overnight. This one might be different.

Tue, 09/11/2012 - 11:02 | 2781760 BandGap
BandGap's picture

No, this is the same. See the erosion for what it is - a slow, methodical degradation of the circumstances until some event touches off the avalanche. But this IS not happening overnight.

Tue, 09/11/2012 - 11:07 | 2781788 WonderDawg
WonderDawg's picture

You're right. But to the masses with their heads buried in the sand, it's going to seem like it.

Tue, 09/11/2012 - 11:49 | 2781965 Winston Churchill
Winston Churchill's picture

The one thing they all have in common is leaving a gold standard

because of debt.Whether it was done oficially(Nixon 1971,Churchill 1925)or

via adulteration(Rome,Spain,Portugal) all invoved funny money.

This will happen much quicker because of the sheer volume of funny money in the

monetary system.Quadrillion plus range now.

No slow decline for us,overnight in relative terms.

Tue, 09/11/2012 - 13:20 | 2782309 dark pools of soros
dark pools of soros's picture

depends when you start to feel the decline...  to some it started in 71.. for others 1913,  and probably every year inbetween it started for someone

Tue, 09/11/2012 - 10:33 | 2781635 AlaricBalth
AlaricBalth's picture

Don't need 20 sentences. One word will suffice: CORRUPTION

Tue, 09/11/2012 - 10:42 | 2781681 Big Slick
Big Slick's picture


Tue, 09/11/2012 - 10:38 | 2781665 Urban Redneck
Urban Redneck's picture

How about the collapse of Florentine banking from bad loans financing bad wars and the arrival of the Black Death with the upitty redistributionist movement in town? 

Being ZH, 20 sentences or LESS would save space and time though...

Tue, 09/11/2012 - 11:02 | 2781764 Metalredneck
Metalredneck's picture

My family lost it all in the big Tulip market, way back...

Tue, 09/11/2012 - 11:19 | 2781847 SelfGov
SelfGov's picture

Well the English empire fell shortly after they peaked in coal production.

Russia collapsed a few years after they hit their first peak in oil production.

The US Economy was shocked to shit shortly after the US peaked in oil production. There would have been a collapse if the US $ wasn't taken off the gold standard and put on the oil standard.

I bet energy and resource limitations led to the fall of ALL of these empires.

Tue, 09/11/2012 - 10:31 | 2781620 edifice
edifice's picture

I think it'll be referred to as The iBubble. I mean, according to NPR, Apple will contribute $3 billion to the 'economy' this year, via iPhone 5 sales... Right?...

Tue, 09/11/2012 - 11:18 | 2781843 CaptainObvious
CaptainObvious's picture

Yeah, it will save the US GDP just like the Facebook IPO saved Kalifornia!

Oh, wait...

Tue, 09/11/2012 - 10:44 | 2781690 knightowl77
knightowl77's picture

It has a ring to it....and seriously, this IS what is happening...

So call it what IT is... "The Great Collapse"

Tue, 09/11/2012 - 11:25 | 2781880 michael_engineer
michael_engineer's picture

How about calling it "The Great Contraction" ?

Tue, 09/11/2012 - 12:55 | 2782225 lasvegaspersona
lasvegaspersona's picture

I prefer The Great Correction

more honest

Tue, 09/11/2012 - 15:07 | 2782727 RichardP
RichardP's picture

Morph The Great

Tue, 09/11/2012 - 16:29 | 2783050 michael_engineer
michael_engineer's picture

The Dreaded Other Shoe Dropping is a catchy name.

And it's got that Quantitative Easing kind of misdirection going for it.

Tue, 09/11/2012 - 10:13 | 2781527 Mercury
Mercury's picture

Finally ZH is identifying food stamps primarily as an entitlement.

The mouth on that chart is opened wide...

Tue, 09/11/2012 - 10:14 | 2781545 gggunchi
gggunchi's picture

Don't like the term entitlement.  It implies people are entitled to something.  I believe "social program" is more accurate. 

Tue, 09/11/2012 - 10:25 | 2781596 Sudden Debt
Sudden Debt's picture




Tue, 09/11/2012 - 10:37 | 2781657 Ricky Bobby
Ricky Bobby's picture

You better get with the program; everything is a Right accept for Liberty. The state has exchanged promises for chains, and most amerkans are fine with it.

Tue, 09/11/2012 - 11:09 | 2781777 Mercury
Mercury's picture

  --Exercise for the class--


Place the *You are Here marker on the following scale:


Liberty                                          “Security”


Tue, 09/11/2012 - 11:16 | 2781833 johnQpublic
johnQpublic's picture

i thought we deserved niether at this point

Tue, 09/11/2012 - 13:42 | 2782401 cynicalskeptic
cynicalskeptic's picture

Having given up our liberty for the illusion of security, the sad truth is that we now have neither.    

Tue, 09/11/2012 - 12:33 | 2782158 blunderdog
blunderdog's picture

Obama done kept us SAFE from terrah.  Derp derp.

Tue, 09/11/2012 - 11:20 | 2781858 CaptainObvious
CaptainObvious's picture

I prefer the real world definition of "food stamps"--government-enforced theft.

Tue, 09/11/2012 - 10:18 | 2781563 LawsofPhysics
LawsofPhysics's picture

yes, now about those corporate entitlements...


how about letting bad business models and bad management fail for a change?  Let the fucking owners and management payback the creditors for a fucking change? Leave the taxpayer out of it.

Tue, 09/11/2012 - 10:30 | 2781616 Shizzmoney
Shizzmoney's picture

Right. So Mitt Romney can't pay his debts to his creditors (the Federal Govt), and he gets another low interest loan (which he then uses to game the system, make money off the backs of vulnerable poor people to back that back, and makes profit).

Yet, if you or I can't pay OUR debts, we get our wages garnished, health care denied, and future loans at a higher interest premium.

Financial Apartheid. FTW.

Tue, 09/11/2012 - 10:34 | 2781644 GetZeeGold
GetZeeGold's picture



....according to Harry Reid anyway.


Geez I hate politics.


Tue, 09/11/2012 - 11:21 | 2781859 kito
kito's picture

@getzeegold--if you hate politics so much, why do act like a pathetic partisan pinhead?...........both sides love bailouts, both sides voted for bailouts, and both sides continue to gut this country.......try voting for a third party........and here is romney and his bailout...............and dont forget all of the bailouts that paul ryan voted for.............


Tue, 09/11/2012 - 11:31 | 2781907 TonyCoitus
TonyCoitus's picture

What third party do you suggest?  Enlighten us.

Tue, 09/11/2012 - 11:39 | 2781932 kito
kito's picture

thats for you to decide. not actually have a CHOICE!!!!

Tue, 09/11/2012 - 12:24 | 2782120 marathonman
marathonman's picture

kito,  there is no choice.  Vote third party and the D will win because it will take R libertarian votes away.  Vote R and the policies will pretty much remain the same.  CFR Team A wins or CFR Team B wins?  Heads they win, tails you lose. 

Tue, 09/11/2012 - 13:08 | 2782277 kito
kito's picture

oh lordie, you still dont get it.....YOU have a choice.....does principle count for YOU? it isnt about winning or losing at this point, its knowing YOU have done the right thing by making the effort to examine what other CHOICES are out there...................its knowing you can go to sleep satisfied that you exercised real CHOICE, regardless of the outcome...................

Tue, 09/11/2012 - 10:50 | 2781718 LawsofPhysics
LawsofPhysics's picture

Right, because venture capital firms never receive government (i.e. taxpayer) monies.  Please, pull your head out of your ass.

Tue, 09/11/2012 - 11:08 | 2781796 ultraticum
ultraticum's picture

Not that I agree with Shizz .... But Romney did default on a loan backed by the FDIC while at Bain. Look it up. That's a bailout. Not that he's against bailouts, mind you. Also, PE and VC guys are the most notorious legalistic pricks known to man. Hence Mittens reference to asking his lawyers, and RP responding to just read the constitution.

Tue, 09/11/2012 - 11:18 | 2781846 Too Big 2
Too Big 2's picture

Shizzmoney, if you are taking a stand against one party or the other then you are missing the entire problem.  The 2 party political system is designed and "played" to maintain their power. They may differ (on the surface) in their rhetoric but their collective track records are dismal, corrupt, ineffective, criminal, and (insert your own adjectice).  Needless to say, engaging in political rhetoric and blaming one party or the other is a waste of our time here at ZH.   Now go vote for Obama and get in line for your SNAP check. 

Tue, 09/11/2012 - 10:11 | 2781532 insanelysane
insanelysane's picture

But the government is making huge profits on all of the bank bailouts so everything is honky dory.



Hopefully someone can explain to me how or if the government actually made money on the AIG bailout.  For some reason, I just don't trust the press releases.

Tue, 09/11/2012 - 10:15 | 2781542 Cognitive Dissonance
Cognitive Dissonance's picture

Wait....wait.....I think the lines are converging a little bit.

Oh joy! I have to admit it's getting better all the time.


Tue, 09/11/2012 - 10:18 | 2781562 diogeneslaertius
diogeneslaertius's picture

I am Jack's asymptotic optimism? XD

Tue, 09/11/2012 - 10:37 | 2781659 Cognitive Dissonance
Cognitive Dissonance's picture

Better that than his enlarged prostate.

<Can I give you a hand with that Jack?>

Tue, 09/11/2012 - 10:45 | 2781699 linrom
linrom's picture

In all the prior recessions, Food Stamps participation rate would plunge until about 2000 when it started to rise. US has been in a recession since 2000.

Tue, 09/11/2012 - 11:04 | 2781775 Cognitive Dissonance
Cognitive Dissonance's picture

Trying to date when "The Great Depression" really started is a little like trying to figure out how many angels can dance on the head of a pin.

The Great Distraction!


Tue, 09/11/2012 - 12:06 | 2782048 linrom
linrom's picture

You mean like calling something 'Great Depression or Great Distraction'.

Tue, 09/11/2012 - 10:16 | 2781555 diogeneslaertius
diogeneslaertius's picture

No additional explanation is necessary.

$JPM helps rig the crisis and manages the EBT program? say it aint so aunty em! say it aint so!


we are living in the borg beehive already and dont know it because they implemented via incrementalism - again, my fear is that you will Not See an off the cliff "wiemar/great depression" scenario, but rather a long, protracted, drawn-out pressure cooker a la Britain over the last several decades at the end of which the control grid will have crystallized

the police state metrics and etc. are in place, DARPA R&D of autonomous platforms is proceeding apace etc.

you will never get a good chance to question authority, our liberties, civil and otherwise, will simply be progressively bled out until we wake up and the prison walls have moved close enough for us to notice them


fuckin lovin the lack of hedges

Tue, 09/11/2012 - 15:12 | 2782753 RichardP
RichardP's picture

... we are living in the borg beehive already and dont know it because they implemented via incrementalism ...

Morph The Great

Tue, 09/11/2012 - 10:17 | 2781556 divide_by_zero
divide_by_zero's picture

Need a third dataset on the chart for SS disability payments, there's more going on that each week than jobs being created.. real or otherwise.

Tue, 09/11/2012 - 10:20 | 2781566 Jason T
Jason T's picture

6 out of 7 are collectively paying $22 a  month for each 1 out of 7 food stamp recipient. (average benefit being $134 a month)


Family of 4 not receiving food stamps?  $88 a month is your family's contribution.  

And it's being borrowed from your kids future earnings.  

Tue, 09/11/2012 - 10:47 | 2781703 blunderdog
blunderdog's picture

If it's being paid for, how is it being borrowed?

Derp derp.

Tue, 09/11/2012 - 13:13 | 2782292 Totentänzerlied
Totentänzerlied's picture

Are your kids and grandkids and unborn future generations currently paying their share of the national debt via federal income taxes? No? Didn't think so.

Tue, 09/11/2012 - 18:31 | 2783415 blunderdog
blunderdog's picture

Given that they don't exist, no. 

Nevertheless, a dollar paid cannot also be a dollar owed--the concepts are logically exclusive.  IF "food stamps" are being paid with $22/month from every citizen, those expenditures aren't being added to the debt.

Get it?

Tue, 09/11/2012 - 10:21 | 2781574 AynRandFan
AynRandFan's picture

NFP = non-farm payrolls

Sometimes the abbreviations get a little thick around here.

Tue, 09/11/2012 - 10:35 | 2781648 insanelysane
insanelysane's picture

no fucking problem

Tue, 09/11/2012 - 11:22 | 2781864 CaptainObvious
CaptainObvious's picture

No future, peasants

Tue, 09/11/2012 - 10:23 | 2781588 Shizzmoney
Shizzmoney's picture

Don't worry guys, the jobs are coming. 

In the meantime, buy stocks.  Especially guns, gold, and any company that has a government contract.  Those IEDs don't pay for themselves.

Tue, 09/11/2012 - 10:28 | 2781607 dwdollar
dwdollar's picture

A 99.99% chance it's just a political stunt, but we can always hope...

Tue, 09/11/2012 - 10:39 | 2781666 AlaricBalth
AlaricBalth's picture

The defense industry's equivalent of Hank Paulson on his knees begging for a bank bailout.

Tue, 09/11/2012 - 10:36 | 2781651 linrom
linrom's picture

So how would one go about creating more jobs?

Tue, 09/11/2012 - 10:39 | 2781663 Big Slick
Big Slick's picture

(Such a sweet kid)

Tue, 09/11/2012 - 10:43 | 2781683 Zero Govt
Zero Govt's picture

leaving wealth in productive peoples pockets, rather than thieving (taxing) it would be a good start

Tue, 09/11/2012 - 10:50 | 2781715 linrom
linrom's picture

How about something more than empty rhetoric?

Tue, 09/11/2012 - 11:10 | 2781805 Metalredneck
Metalredneck's picture

Stop participating in the paper economy.  Black market, grey market, second-hand & cash.  Let the serfs fend for themselves, or they'll take you down, too.

Tue, 09/11/2012 - 11:13 | 2781822 sdmjake
sdmjake's picture

WTC Bldg 7 housed over 3,000 SEC investigation files that were all destroyed in an OBVIOUSLY controlled demolition. How's that for empty?

Tue, 09/11/2012 - 12:03 | 2782037 Boondocker
Boondocker's picture

WTC Building 7 should not be discussed on Patriot Day.....after all, if the masses will buy three planes into three buildings by people with virtually no training on multi-engine aircraft, they sure won't believe you about Building 7.....

For those of you convinced three morons could pilot those aircraft, go to you local General Aviation Airport that offers training and watch newbies try to land a single engine plane......

Tue, 09/11/2012 - 10:50 | 2781712 Bartanist
Bartanist's picture

It is interesting that we all think of jobs as "the thing" we need. Why? Because IMO, for most of us, we assume that we need a job to earn money to get food, shelter and the other things we need. The system has been set up so that we self enslave ourselves to work for the greater benefit of others. We are slaves to those who create and distribute "money". The ability to create infinite fiat give infinite power to those who create and distribute it.

However, I would be the first to say that the output of jobs can be valuable to society as a whole AND the act of working can be very valuable to the individuals who accomplish something of through their work (what is of value to the individual varies obviusly ... for some it is stealing the work of other, but that is anti-social as a whole).

Maybe the long-term plan should be thinking about reinventing the system to gives people what they need without the friction in the pipe and the parasites who feed off of those who create value.

... and my guess is that this has been thought of countless times through many societies and universes.

Tue, 09/11/2012 - 11:19 | 2781852 johnQpublic
johnQpublic's picture

fudge the numbers seems to be working


Tue, 09/11/2012 - 11:53 | 2781992 Kickaha
Kickaha's picture

It is not possible for an one entity to "create" a job.  A job is a contract entered into by an employer and an employee.  Private industry cannot create jobs.  Government cannot create jobs.  At best, the powers that be can create an environment where emloyers and prospective employees can meet and agree upon the terms of an employment contract.

Right now, with the lowest employment participation rate ever recorded, it is plain as the control and "p" buttons on the Bernank's money machine that such an environment no longer exists in the USA.

Any politician who tells you they are going to "create" jobs is actually telling you they are going to shovel billions in the direction of their largest campaign contributors.


Tue, 09/11/2012 - 16:19 | 2783011 Overfed
Overfed's picture

Tell ya' what. Start a small business and then try hiring a few people. When you see how over-regulated, and over-taxed a small business owner is, and how much arbitrary power government agents have over said business owner, you'll understand why the number of jobs in this counrty is imploding.

Tue, 09/11/2012 - 20:29 | 2783729 Mentaliusanything
Mentaliusanything's picture

Start a BIG WAR............ And your right and very observant... the shit didn't clear from the Tech bust and they have been wallpapering over the cracks ever since.

Print that Paper Bitches

Tue, 09/11/2012 - 10:42 | 2781677 Bartanist
Bartanist's picture

The majority of people given the legal opportunity to "take" food stamps or other freebies would gladly accept them and surrender their free will. This is sad.

... and yet, I have to think that our outcomes are all determined by the situations we encounter and while it is all well and good for me to think all righteous and independent and all, others have never had that option ... and some die before they even know who, what or where they are. Based on our actions, we are all very young.

Tue, 09/11/2012 - 10:56 | 2781738 sschu
sschu's picture

Politics has morphed primarily into appealing to specific demographic groups.  Hence the political motivation to find emotional single issue voters and spend time and money to show them how the other side "hates" them.

What we are seeing is the newest and large voting class, the dependent class.  It takes but a cursory look to see how now millions of people are dependent on government largess and will vote their self interest.  Any politician who thinks they can get elected by threatening to remove the benefits from this class is foolhardy.

The deal is now done, the ability for America to regain economic stability is gone, less a collapse and rebuilding of the system.  Trillion dollar deficits are here to stay, economic malaise is the by product, at some point it will all come tumbling down.

This election offers a faint glimmir of hope, but IMHO there are just too many road blocks to turning this around.


Tue, 09/11/2012 - 11:29 | 2781901 Oh regional Indian
Oh regional Indian's picture

"Hence the political motivation to find emotional single issue voters and spend time and money to show them how the other side "hates" them."


That is a brilliant insight sschu...


Tue, 09/11/2012 - 10:59 | 2781751 RiverRoad
RiverRoad's picture

"The Second Great Depression oficially started in December 2007."

Thank you.  It's about time somebody called this mess by it's correct name. 

Tue, 09/11/2012 - 11:04 | 2781771 AccreditedEYE
AccreditedEYE's picture

<CLEARLY Tyler, these people need education. ONLY the uneducated are feeling the pain in this crisis. They must have brought it upon themselves by ONLY getting a High School education and not feeding the student loan bubble like they were supposed to.> You know, when you stay away from reality for as long as we have, when reality finally does hit, it is going to hit like a nuclear bomb.

Tue, 09/11/2012 - 11:11 | 2781812 phat ho
phat ho's picture

Will be vwery interesting to see what this morphs into

Tue, 09/11/2012 - 11:14 | 2781824 phat ho
phat ho's picture

what choice do we have; really

Tue, 09/11/2012 - 11:19 | 2781848 Shizzmoney
Shizzmoney's picture

Inflation in the United States is very low by historical standards, but interest rates are so paltry that savers are losing money anyway. “I got hit a couple of years ago pretty badly in the stock market, so now my savings are weighted mostly toward bonds,” said Dorothy L. Brooks, 65, who lives in Garland, Tex., and retired about a decade ago. She recently decided to go back to work as an assistant at a local school. “Now both investments are terrible. And I can’t put my money in a money-market account because that’s crazy. That just pays nothing.”

I really need to start my investment firm, "Sealy Capital".  If you are going to put your money in a place that "pays nothing" - your mattress is always the safest bet.

Tue, 09/11/2012 - 11:26 | 2781857 GeorgeHayduke
GeorgeHayduke's picture

A few thoughts:

1. If those folks on food stamps were not getting them this country would be spending a lot more money than we already do on riot police, jails and guards for the imprisoned rioters.

2. I don't think they included those QE I, QE II and continued under the table QE entitlements paid out to keep bankers and essentially the entire financial sector afloat the past 4 years.

3. Were defense entitlements included too? Defense entitlements have kept large, essentially unnecessary sectors of the economy afloat since about 2001.

This system has existed well beyond reality for at least a decade due to inputs of digital dollars, natural resource inputs, a backlog inventory of military toys, greedy politicians, and a greedy, inept, and willfully ignorant populous. With the free-ride inputs running out, as the greed and ignorance remains the same things will change whether we like it or not. I doubt it will happen smoothly, fairly, or in a manner that most will like,

The old systems have run their course, there's no going back. Many here don't get it either as shown by their constant ramblings about Marx and socialism, etc... They are still stuck in the past themselves.

Tue, 09/11/2012 - 11:21 | 2781860 mademesmile
mademesmile's picture

No additional explanation is necessary


I know what you mean, BUT I think all kinds of explaining is necessary from our elected leaders.

Tue, 09/11/2012 - 11:23 | 2781872 zot23
zot23's picture

Maybe it needs no comment, but what I'm getting from the top chart is that although jobs have been added, the type of jobs are paying much less than before.  Hence people who are technically employed, but falling below the poverty line still (or the food stamp line whatever that level of income.)  I've known lots of people on food stamps over the years, not many of them really want to be on the dole, all of them though did not enjoy watching their children go hungry.  

How about we start looking at why the jobs market is so incredibly shitty instead of just beating on the poor?  Food stamp usage is a symptom, not a cause of our depressed economy.

Tue, 09/11/2012 - 11:44 | 2781953 Totin
Totin's picture

You are missing the point. No one is beating on the poor. There are two sub-stories here. 1) Ineptitude at the highest level has prevented what should have been a cyclical upturn in the economy. This has forced hundreds of thousands of people to get on the government dole. This is planned scheme - if you don't think so, you need to expand your reading horizon. 2) Without any doubt at all, abuse is rampant. It's no coincidence that disability claims have skyrocketed. 

Tue, 09/11/2012 - 12:32 | 2782150 blunderdog
blunderdog's picture

   No one is beating on the poor.

Bullshit.  LOTS of folks here have been beating on the poor for as long as I've been here. 

It's probably the fourth or fifth most common comment ranked by frequency:
beating on Obama,
beating on bankers,
beating on [political affiliation],
beating on [ethnic/racial affiliation],
beating on the poor.

The vast majority of these beat-downs are well deserved, but lets be honest, eh?

Tue, 09/11/2012 - 12:20 | 2782098 linrom
linrom's picture

Yes, and its something that started back in 2000. Food Stamp usage did not just start to rise since 2007, its been rising since 2000. This is unprecedented and is clearly indicative that there is a structural change in USA--the rush to poverty and becoming a third world nation.

Tue, 09/11/2012 - 11:26 | 2781886 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

The price action of the economy may have changed forever, but the status quo has not.  We all know people live paycheck to paycheck, but although it is true that wages have not approaved nominally, and have decreased in real terms, there is a more important point to address:  people are not looking at establishing themselves financially; people are not protecting their wealth.

The buy/spend everything you have now meme is intact.  People live pay check to paycheck when they have to, yes, but even those that earn what could save them a retirement blow it all to have the cool car, the poshe sound system, the new outfit, the new iWhatever.  They spend their last dime of the month or even go into debt.

The interesting part of this is that wealth creation has changed and changed dramatically.  The bank bailout showed the government is here to keep the status quo in place at all costs.  The government is not here to help anyone person, just the corporate power structure.

This is well known.  Everyone knows it.  Yet people continue to ride the consumer wave at all cost.  And this is the reason why nothing has changed.

The system will not change on its own.  The government is a puppet for the system.  The system wants to maintain the status quo.  The status quo is that the corporations run the power structure.

So here are the people of the system - kidnapped by the system, yet not willing to change.  But it could change.  If people took it upon themselves to at least maintain their wealth, or grow their wealth - instead of buying the next iTool - then the system would change, and it would change so that the people were in control of themselves; people would control society not the corporations.

How to do this?  Well obviously buying stocks puts wealth into corporations directly.  But saving dollars perpetuates the the government side of the power structure.  ANother thing to consider is both only lay claim to wealth, neither actually preserve it.  Both (the same is also true for owning corporate/government bonds) are merely IOUs.

The only way to preserve wealth in a simple form is owning precious metal bullion.  Everything else has a counter party risk.  Owning land may get close, but the government knows where that land is and as we have seen lately people can get their house and land taken for no reason.  Land is an easy target.  It could be prosperious and yield a bounty, but it is an easy target.  The ruling class, be they Kings or governments will always be able to rule a landowner (unless all landowners rise up, which will only happen every few thousand years).

So until people take back the bullion - which defines money, has acted as money for thousands of years, and has no counter party risk - there will be no change.  We will be at the behest of the corporate power structure.

Tue, 09/11/2012 - 12:32 | 2782154 marathonman
marathonman's picture

All this pain because some jerk offs want fractional reserve banking and debt as money.  There ought to be a law.....

Tue, 09/11/2012 - 14:09 | 2782479 CitizenPete
CitizenPete's picture

  De chert, it's lebblin off, cunt u c?  Dus luuk!  I tuud u, RObamney wid sav hus! Cunt u heer me, u hav eerh infucktion?  Dunt eaht no rhed pihls.

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