• BullionStar
    05/30/2016 - 21:24
    The US Gold Market is best known as the home of gold futures trading on the COMEX in New York. The COMEX has a literal monopoly on gold futures trading volumes worldwide, but very little physical...


Tyler Durden's picture


Think Apple is the only thing allowed to hit new records every month? Think again: presenting iFoodstamps - the number of Americans living in poverty (or at least doing a damn good job of fooling the government in pretending they do). As of December, per SNAP this number just hit another record high of 46.5 million, an increase of 384,000 in one month (and ending the trend of declines from October and November), 2.4 million in 2011 (about as many as have dropped out of the Labor force, hmmmm), and 14.3 million since Obama took office.

But it's not all good news for iCommunism: as of December the benefit per household has dropped to a series low of just $280.5. One can only hope this money is being spent on edible iPads and not on silly things such as iPot.

Finally, for the supreme definition of irony:

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Fri, 03/02/2012 - 13:14 | 2217045 ilion
ilion's picture

This is bullish for stocks?

Fri, 03/02/2012 - 13:18 | 2217062 swissaustrian
swissaustrian's picture

Yes, for JPM because they're a big player in the foodstamp business


Fri, 03/02/2012 - 13:19 | 2217074 Buckaroo Banzai
Buckaroo Banzai's picture


Fri, 03/02/2012 - 13:23 | 2217098 The Big Ching-aso
The Big Ching-aso's picture



On a positive note, at least they're not on Soylent Greenstamps.

Fri, 03/02/2012 - 13:24 | 2217104 Wakanda
Wakanda's picture

Are you sure?  Monsanto is everywhere.

Fri, 03/02/2012 - 13:42 | 2217177 redpill
redpill's picture

True patriots bypass purchasing their own food so they can buy Yelp stock on credit.

Fri, 03/02/2012 - 13:45 | 2217186 Thomas
Thomas's picture

I see a different oddity: Why is the rise so steady?

Fri, 03/02/2012 - 13:50 | 2217205 YBNguy
YBNguy's picture

Because taking one's gov benes is patriotic!


My take, if we cannot starve the beast (no taxes) we climb on its back and enjoy the ride. The more that jump on, the faster it dies from strain.


Fri, 03/02/2012 - 14:20 | 2217282 Simulacra10
Simulacra10's picture

I am starting to rethink the whole Cloward-Piven stratagey. Everyday I am becoming more convinced that the only way to change it is to collapse it. 

Fri, 03/02/2012 - 14:27 | 2217295 Conrad Murray
Conrad Murray's picture

The collapse is inevitable. Once that premise is accepted, all that's left to do is prepare, then ride this motherfucker til the wheels fall off, two guns up.


Also available as pdf thanks(!) to member WhiskeyTangoFoxtrot - http://maydaycalltoaction.wordpress.com/

Fri, 03/02/2012 - 14:58 | 2217451 Harlequin001
Harlequin001's picture

Oh C'mon, surely at some point it costs more in printing real ink than these things are worth. Can't they just make it 'universal', so everyone can have them? Just think what it will do for GDP...

Fri, 03/02/2012 - 22:17 | 2218881 jerry_theking_lawler
jerry_theking_lawler's picture

***How do you starve a 'hope and change' Obama supporter..............




you hide their foodstamps under their workboots.***

Fri, 03/02/2012 - 17:19 | 2218115 earleflorida
earleflorida's picture

wherever there's permanent pollution you'll find Monsanto's fingerprints

Exception: sterilized [?] hybrid corn ___  a genius pure play on marketing [ one-time throwaway/ non-recyclable] seed crops] http://www.gardenguides.com/3019-hybrid-delemma.html http://en.wikipedia.org/wiki/Monsanto 

Fri, 03/09/2012 - 02:46 | 2238784 Silver Bug
Silver Bug's picture

The welfare state continues to grow.



Fri, 03/02/2012 - 13:24 | 2217105 economics1996
economics1996's picture

I see green shoots. 

Fri, 03/02/2012 - 13:26 | 2217111 Hippocratic Oaf
Hippocratic Oaf's picture

You mean fried chicken.

Fri, 03/02/2012 - 14:16 | 2217276 ilovefreedom
ilovefreedom's picture

soylent green

Fri, 03/02/2012 - 13:27 | 2217114 AbruptlyKawaii
AbruptlyKawaii's picture

Yelp me ihungry

Fri, 03/02/2012 - 14:22 | 2217297 Simulacra10
Simulacra10's picture

nothing new. See this video if Virgnia Ironsides http://youtu.be/5RAAhTL4Arg 

Fri, 03/02/2012 - 15:02 | 2217492 trav7777
trav7777's picture

just...wow.  "ethicists" said this shit?

The entire framing of the argument is absurd on its face.  Depriving a person of their life doesn't represent a "loss" to them either because they will be DEAD and unable to copmrehend the loss.  So long as you do it without telling them, the argument is equivalent.

Fri, 03/02/2012 - 15:18 | 2217569 redpill
redpill's picture

Dehumanization is an important step in a much larger process.

Fri, 03/02/2012 - 16:35 | 2218012 Cathartes Aura
Cathartes Aura's picture

if you want to discuss "dehumanization" then you might start at the "sex" of the babies being theoretically discussed:

“We take ‘person’ to mean an individual who is capable of attributing to her own existence some (at least) basic value such that being deprived of this existence represents a loss to her.”

As such they argued it was “not possible to damage a newborn by preventing her from developing the potentiality to become a person in the morally relevant sense”.

and while you may not think it matters, I ask you to ponder why most arguments are framed in "he" - but this one isn't.  and also take into consideration that most abortions in places like India or China are because families traditionally seek a "male" baby, the female being "unnecessary" rather like a luxury good.

Fri, 03/02/2012 - 13:29 | 2217127 dryam
Fri, 03/02/2012 - 13:30 | 2217128 dryam
dryam's picture


Fri, 03/02/2012 - 14:22 | 2217298 johnQpublic
johnQpublic's picture



...looking for a job

...paying my mortgage

...paying any bills for that matter



Fri, 03/02/2012 - 15:36 | 2217654 prains
prains's picture


Fri, 03/02/2012 - 13:23 | 2217100 A Nanny Moose
A Nanny Moose's picture

That shadow story the the bleeding hearts miss. The Welfare/Warfare state is merely welfare for the oligarchy.

It's all trickle-up

Fri, 03/02/2012 - 16:14 | 2217871 WhiteNight123129
WhiteNight123129's picture

You mean JPM is benefiting because of its foodstamps derivatives business, not actual foodstamps.

Fri, 03/02/2012 - 13:20 | 2217080 idea_hamster
idea_hamster's picture

I suspect the falling per-household figure is due to a rise in the number of single- and two-person households that qualify.

If you're single and don't have a dependant child, qualifying for SNAP is pretty tough -- even your minimum-wage, 20-hour-per-week, U-16 level job likely puts you out of reach of a food stamp.  You're just too rich!

But as more and more singles and working single parents spend through their savings and slip down the ladder, they land on the SNAP safety net.  Those smaller absolute payments bring down the average per-household figure.

Fri, 03/02/2012 - 15:04 | 2217502 trav7777
trav7777's picture

your second paragraph just prequalified almost all black women

Fri, 03/02/2012 - 13:21 | 2217088 battle axe
battle axe's picture


Fri, 03/02/2012 - 13:30 | 2217129 I should be working
I should be working's picture

How about - OBAMANOMICS.

It rolls off the tongue much better.

Fri, 03/02/2012 - 13:59 | 2217232 Matt
Matt's picture

Obamanation rolls off even smoother. Pronounced like Abomination (no relation hehe) but with an Oh as the first syllable.

Fri, 03/02/2012 - 23:24 | 2219008 dolly madison
dolly madison's picture

I down arrowed both comments about Obamanomics and Obamaeconomics because I think food stamp usage would be about the same now with McCain. 

Tue, 08/28/2012 - 09:43 | 2743331 l.hauri
l.hauri's picture

this is the future in this area. Great job! ways to lose weight fast

Fri, 03/02/2012 - 17:06 | 2218134 Belarusian Bull
Belarusian Bull's picture

Nah, cmon, just good old socialism, nothing else. Comrads Americans. You make tovarish Lenin proud


Fri, 03/02/2012 - 13:22 | 2217093 Gene Parmesan
Gene Parmesan's picture

As Pelosi or the Obama administration will tell you, government welfare expenditures actually stimulate the economy and "create" more money. True story - they wouldn't lie, would they?

Fri, 03/02/2012 - 14:06 | 2217249 Dr. Richard Head
Dr. Richard Head's picture

Paul Krugman would concur.  Government spending = GDP = Feed Everyone.  This is a war on hunger you know hunger is apparently losing.

Fri, 03/02/2012 - 13:43 | 2217180 LongSoupLine
LongSoupLine's picture

iCapitulate...coming soon to an exchange near you!

Fri, 03/02/2012 - 13:57 | 2217219 Zero Govt
Zero Govt's picture

State subsidised poverty and State subsidised food ..luvvin it

This is bullish food inflation and bearish problem solving

Govt perfects the art of society and economics going pear-shaped

Welcome to the global village, Shitville, an unsustainable unproductive community built by Govts everywhere

Fri, 03/02/2012 - 15:07 | 2217513 trav7777
trav7777's picture

these systems work better where there are no significant minority populations, and by that I mean brown people...but in the end, any system predicated upon perpetual growth is doomed.

Fri, 03/02/2012 - 15:42 | 2217678 Zero Govt
Zero Govt's picture

you've got your arse about tit, or head up your arse, as usual Trav

the "minority community" you talk of is the Govt (and its behind the scenes parasites). It is Govt that ruins society and ruins economies (a right bunch of suckers)

the "perpetual growth" you talk of is productivity, which is in effect mans knowledge, which is technically infinite.. which means growth is infinately possible (unless your brain seizes up in Kindergarten like most lefties!)

Black, yellow, red and white is a skin colour mate, not a measure of IQ or sociability (Hitler, Mao and Ide Ahmin are mixed race maniacs ...and there's the current US President who is a mixed race Marxist of course)

the only assured "doom" you'll realise is however that mentaility effects your lifespan.. try to think positive Trav, or just get that "End of the World" sign and tramp down the High Street and fulfill your destiny

Fri, 03/02/2012 - 15:57 | 2217787 sun tzu
sun tzu's picture

Hitler and Mao were mixed race? Mind telling us which races?

Unless you consider Jews to be a separate race, Hitler was not mixed race. The Ashkenazi Jews are definitely white. You can consider then an ethnic group if you want.

What race was Mao mixed with? How about Idi Amin?

Fri, 03/02/2012 - 18:32 | 2218346 Zero Govt
Zero Govt's picture

Hitler, Mao and Idi Amin are mixed race as a collective, not individually, but were all fuking maniacs (ie. the colour of your skin matters not one jot to human characteristics we all share as a species)

the US President is mixed race, so presumably Trav thinks his white (good) genes are fighting (and losing) with his black (naughty) genes which is why this Trotsky tosser is sending the US down the tubes even faster than that white fascist, Bush, who presumably Trav thinks is a white angel

Sat, 03/03/2012 - 16:53 | 2220177 vened
vened's picture

ZeroGovt: "Hitler, Mao and Idi Amin are mixed race as a collective, not individually" - has to be the DUBMEST thing I have ever heard on zerohedge.  I will keep this message to entertain my friends for ages.  Thanks.

"Fuking maniacs" - you mean they were sex addicts? 

Fri, 03/02/2012 - 17:00 | 2218114 Taffy Lewis
Taffy Lewis's picture

@Zero Govt: Instead of Shitville, how about Mortsville? That's from an old John Waters movie called Desperate Living. When the King & Queen declared Backwards Day, all of the people had to put their clothes on backwards and walk backwards.

Fri, 03/02/2012 - 18:34 | 2218372 Zero Govt
Zero Govt's picture

Taffy, sounds like a film about Brussels!

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