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Over 46 Million Americans On Foodstamps For The First Time Ever
While the capital markets may be cheering that in the past month 120,000 people supposedly found jobs, even if these were largely temporary or part-time just in time for the year end shopping sprees, we wonder how they will react when learning that according to the latest update from the Supplemental Nutrition Assistance Program (SNAP), some 423,000 Americans found their way to minimum way subsistence, courtesy of Food Stamp handouts from Uncle Sam. Since the start of the Second Great Depression, food stamp participation has increased by 18.7 million, and is now at an all time higher 46.3 million. All Bush's fault, or something. At least the chart below appears to be plateauing... Actually, sorry, no isn't.
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Yes We Can Bitchez
Redistribution of wealth!
Oh, Snap!
Bullish for JPM, because they run the food stamp issuance overseas by way of Indian tele-services.
Let's hope for JPM that they can grow another 10% in that division next year...
It's all good as far as those highly desirous of creating total reliance on Big Brother are concerned.
And by the way:
The scarier thing is that before the downturn, we already had 30 million in the electronis soup lines.
Yo, Tyler, you should embed your EBT video link on this one.
BTW, 46 million?, that's Obama's core support.
EBT, Bitchez!
<iframe width="500" height="315" src="http://www.youtube.com/embed/o64Fz-KW1Dk" frameborder="0" allowfullscreen></iframe>
Obama's Free Ride!
we all must come to love big brother, he is our provider...
It's okay, the Barrasso Heller Amendment is out there...
TL;DR - All your Water in all of North America belong to us.
TL;DR admirality law everywhere, suck it corporate slaves
Thank god they aren't on the unemployment list...
One month into his term , 911 haPpens.
And one month left on his second term the market crash happens.
No it couldn't possilbley be BUSH.
The terrorists won.
one month into his term, 911 happens? So our presidents begin their terms in August? One month left in his second term, the market "crashes"? So the market "crashed" in December and not October?
You seem to be using that fuzzy government math. You should go long on a calculator and calendar.
We Can Has Cheezburger?
I can haz ur cheeseburger ?
I 8 yur burgerz
Wis pickles!
and creepy euro mayonaise
At Wendy's we have plump juicy cheezeburgers. But we have to omit the tomato due to rising input costs, or wait was it El Nino? La Nina? Fuck it just try our cheeseburgers.
Can of Spam
Without doubt, the best ticker ever: HRL.
All that is missing is U....
May I recommend this can of spam of the year 2002 sir?
That was a perfect year for spam!
http://www.ebaumsworld.com/video/watch/82063504/
Woman With 15 Kids, Somebody Needs To Pay For All My Children
is now at an all time higher 46.3 million
Is this 46.3 million individuals
OR
46.3 million families ?
YOU MEAN THEY DON'T SHARE THEIR FREE WEALTH???!!!!????
I've asked that question a couple of times, I've never received a response. I assume that number is individuals, no? Food stamps aren't issued to kids. Though I assume the more kids you have, the more stamps you get. So that number could reflect a total number.
and just think .. There was record breaking sales this Past black Friday and cyber monday ...
According to other infor, the number of requests for instant background checks for purchasing firearms was 32% higher on Black friday. Any correlation?
One would assume individuals. There are 115 million +/- households in the US.
When the revolution comes, these folks will be the majority.
Hence, no revolution.
No it will be a revolution of the 99% taking from the 99%. Don't worry Obama is going to take care of the car payments, the phone, the gas, the rent, the food, the healthcare...
How about you get off your fucking back for 15 minutes long enough to put your goddamn feet on the ground? Then we'll talk about prospects on providing for 15 fucking kids.
This is fucking ridiculous. I'm so depressed that people even give this shit the time of day. She should have thought about that on her... 3rd fucking kid. Maybe even her 7th. Hell, she could even wait til her 10th kid. But 5 more after that and it's someone elses fault? Fuck that. FUCK. THAT.
It blows my mind. People on my street even... they don't even know how they're going to provide for themselves and they're popping out kids like it's going out of style.
god's little miracles...
This is how, with the support and encouragement of big Government, the meek shall inherit the Earth..until it is no longer sustainable. Then very bad things happen.
thx tekhneek- "FUCK. THAT." will be the newest quote entered into my ZH classics. lmao
"How to Serve Man"...it's a cookbook! Twilight Zone episode, remember?
How to cook [for(ty)] humans.
Kang and Kodos FTW!
? People..., people who eat people...., are the hungriest people, in the world......?
Hmm, on the bright side -- the growth rate is tapering back to linear! :>(
The Foodstamp President.....i like that
YES WE STAMP!
Yes we can!
http://kogibbq.com/wp-content/uploads/2011/06/Canned-Unicorn-Meat.jpg
feed me
http://www.youtube.com/watch?v=L7SkrYF8lCU
Fiddy is next up...
Incredable.....really...this is the non seasonally adjusted pluse of the market....IMHO...Obama is doing wonders..
How do I sign up?
Stop functioning and you're signed up automatically by the JP Morgue.
benefits.gov
My favorite website, after Zerohedge.
I need to pick me up some of these.. why not? Everybody else is doing it..
The trend has been set and is now accelerating: the real economy can no longer support the population of the USA. SNAP, and other assistance programs will be the only means of support. That's why law local and state enforcement has been purchasing tanks, APCs and other heavy hardware from the military
Yeah, I am afraid you are correct. We have been joking around here for a long time about bread and circuses... and now the bread part of the equation is poised to get "real." If the next inevitable wave of money printing hits along side public-sector downsizing and middle-east chaos (e.g. spike in oil prices), SNAP is going to go vertical.
edit: I forgot the bright side of this.... just like unemployment statistics, it won't go up forever, and could actually reverse at some point. Naturally, there will be a slowing of the trend as larger and larger proportions of the country qualify for SNAP. And, once the SHTF, the numbers may actually decline!
Once the definition of "Terrorist" is broad enough there will no longer be a need for SNAP, Social Security, Medicare, Medicaid, Elections....................
How many returning disenfranchised US troops have mastered the vocation of building/dismantling IED's I wonder?
There is plenty of work, just not plenty of work people are willing to do.
Illegal immigrants always seem to find work. I had one raking my leaves the other day and I always pay them very well because I like loyal servants.
Lazy Americans prefer foodstamps and trying to get a disability check.
cause it takes time to accept that you live in a third world country
Ever visit a free clinic? Hospital? Prison? There you'll find huge numbers of illegal aliens. Hire one.
How nice of you to "pay" your servant.
Bravo to the millions not willing to be your servant.
And bravo to those not willling to demean themselves for peanuts.
Yes, much better to just grub off of people anonymously - that is dignity
Actually it's better to steal the money at gun point, at least it shows some entrepreneurial spirit.
I know when I'm at my last $500, it will be spent on a handgun. Better investment than a dependable car.
That way no fucking fascist right-winger can call me lazy...to my face.
Why not? No rule of law at the top means no rule of law at the bottom. You don't need any fancy theories. When Joe's kids are hungry and Joe doesn't have any money, Joe is going to find some food somewhere for them, law be damned.
+1 Chump, I too, am not moral enough to starve.
Hence you just explained the purpose of SNAP and Welfare, violence insurance.
batterycharged remarked:
I strongly recommend not waiting to make that purchase.
oooooohhhhh. I'll lend you one of my guns. Lazy....
Idiot for missing his sarcasm and idiot for preferring unemployment to a "demeaning" job.
If I build a business supported by SNAP benefits, are the profits taxable?
Yes and it seems if you "build a business" ENABLED by food stamps you are then a glorious job creator and are showered with all manner of "benefits".
Hail the mighty yob creators.
Guess which bank profits from this?? Hint: This bank not only engineers poverty but profits from it.
http://www.youtube.com/watch?v=eYRG9f5F4gw (Max Keiser)
Here in Michigan, the state put $1 cash on everyone's EBT card. Only $1. The only way to get it out was through an ATM, which incurred a FEE.
Guess who benefitted from that?
What's ironic is that people demonize the poor for using food stamps when JP Morgan and grocery chains really benefit the most.
batterycharged correctly noted:
That's because the occupational government in Vichy, D.C., has decreed that socialism is for the wealthy, and ass-raped-by-the-big-red-white-and-blue-dickism is for everybody else.
Fuck ism.
It's truly disgusting, isn't it? I don't fault the people on foodstamps, yes, I am sure there are some that are milking the system but the banks/corporations have made the conditions in which people are so destitute they need assistance, and then these greedy bastards profit from their misery.
And this market just marches to a different drummer, day after day. Until, it stops.
It's transitory
Another bullish sign for JPM as their EBT customer base keeps increasing.
How can you sell and make money on this Wall Street.
One more sad day for the USA.
Does the Govenment cheese come in Sharp Cheddar?
Imagine this # when UE reaches 7.9 percent
What a fucking disgrace....
Anyone else notice the obvious Groundhog Day daily charts in the S&P? The huge before bell ramp-ups in futures by the insiders followed by the zombie like flatline like nobody want so play along anymore. It's almost like they are just trading with themselves and when they get bored they'll go short to break the cycle and make the market look like it's animated when it's really just a play thing on puppet strings. I call the chart formations circle jerks becasue the go in a cycles. I can't prove it but I think we are nearing the end of another masturbatory formation and the trend line is about to go flacid.
Imagine if 46 million people were kicked off the food stamp program. What would be the over under on full blown chaos?
If they were told through and EBS message during DWTS then about 60 seconds.
Well since most 'merikans have about 3 days worth of rations stored up, I would say about 4 days.
pods
That gives me 4 days to get the hell out of the country.
give or take. and be careful to not be on the wrong side of your assumption.
Think about the last great depression. Most people were no more than one generation removed from a mostly agrarian existence. The knew how to survive. People sill had to do things like can their own vegetable. Hell, my mother canned vegetables as recently as the 70's. It'll get ugly, for sure.
they are being starved by the real inflation rate, also add in the number of people who stopped paying their mortgage. I just heard of a real estate vulture who took a 2 week vacation in St Barths besides other globetrotting and now declared bankruptcy.
There is no inflation. Unless of course you wish to be nit-picky and count stupid shit like energy, food, clothing, housing, medical care.............
I saw that story in Brazil 25 years ago. It ends with soldiers standing on every street corner with assault rifles. Well, that or daily food riots.
long soup and cat food
Or Long Cat Soup for Food?
pods
Brings a new meaning to having "bullion" as part of your investment plan.
Is it beef or chicken stock that you use to make cat soup? Heck, might as well cover the bases and get both.
As long as BAC and JPM and GS and such remain open and operating, this chart will only continue to go up. It really is that simple.
And the ball suckers on the BlowHorn will eat it all up...
Few realize the Death Star (BAC) was set to implode last week. Another stick save by the FED.
/sarc on
Bullish. One less expense for the people, like delinquent mortgages. Deficits don't matter, bichez.
/sarc off
Doubleplusbullish!
pods
Hate to say is, but this is VERY BULLISH for Gold and Silver
Is that why all the Central Banks are buying gold?
Must keep the debt slaves and pod army fed.
No bifurcated society here.
I say this without snark, and with good intentions. Give every single person food stamps. Wealthy people wont use them. the middle class can atlest see that some of their tax dollars are spent domestically, and they are allowed to participate. The moderate food inflation will primarily hurt the scammers, as truly poor people generally know how to strech their groceries.
Give............ lol.
Don't you know we have to feed Iraq, Afghanistan and Israel with foreign aid. We can't afford to take care of America, we are too busy keeping the empire afloat so the war machine can keep making $$$$$.
What ever became of a nation that was humble and peaceful and was an experiment in freedom and new ideas?
Starving to death on empty calories, swimming in a sea of diet soft drinks, the obese bob like great fat whales, the cetacean canaries alerting all who are aware that a cave in is imminent.
46 million people can no longer feed themselves in a 1st world nation where 1 in 4 children live in poverty.
But don't you know the recovery is rolling right along and not only are we not in a depression, we are enjoying record days on Wall Street. The illusions grow thinner everyday becoming more transparent and easier to see through.
Anyone who isn't pissed, isn't paying attention.
This is why U6 is a better indicator of the economy than U3. How many of these 46.3 m are employed but supported by the gov.
And out of the 46 million on food stamps, roughly 1/3 of them are not paying their mortgages either. Reminds me of this video from a few years back...
http://www.youtube.com/watch?v=P36x8rTb3jI
You can't make this shit up...
Americans or residents?
An extraordinarily dangerous trend. Indeed -- if "austerity" is ever visited upon the food stamp legions, what do we all believe will be the result: timid acquiescence, or take to the streets ?
A dependent populace is a precarious and potentially menacing thing indeed. Fuit America.
Fuckin dependent whiners.
I say bring it, parasites.
Time to bring back the days of personal responsibility. Get your fuckin ass out there and rake leaves for your food.
think we should clean up our government before we clean up our yards.
This overall problem has more to do with the lazy and dishonest rich than their poor counterparts
While the 0.15 % rake the taxpayers.
AUSTERITY IS IMPOSSIBLE. If you expand the money supply, you get inflation... If you borrow to do so, then you get debt and inflation... If none of this money trickles down to the general population, then the general population gets debt and inflation without any corresponding benefit... if wages are stagnant, then the inflation has an even more profound effect on the population... if you then attempt to decrease taxes to ease this burden, then your ability to repay the afore-mentioned debt decreases...
It's a simple vise... if you decrease taxes to ease the pressure from inflation, then your ability to repay your national debts decreases... if you increase the money supply (/devalue the currency) to ease the pressure from lack of available jobs, then you get food and other inflation.
can you buy beer with snap? wheat and barley are grains. healthy for you.......
Dammit man! You've got "president" written all over you.
KITO 2012! SNAP BEER FOR EVERYONE!
SCHNAPPS
Spirits CHasers 'N' Ale Public Provisioning System
SCHNAPPS was not invented here. What, do you want our jerbs to go to foreigners?
Better yet:
K I T O
2 0 1 2
S N A P
B E E R
4 words, 4 lines, 4 letters each. Has a nice symmetry to it.
A simple slogan for a simple citizenry.
As soon as SNAP credits replace dollars as a currency. Judging from the current statitics, we probably won't have to wait too long.
>can you buy beer with snap?
"Interpersonal exchange is called indirect exchange if, between the commodities and services the reciprocal exchange of which is the ultimate end of exchanging, one or several media of exchange are interposed."
http://mises.org/humanaction/chap17sec1.asp
This is why we need to legalize weed NOW.
A stoner with $100,000 of college debt in his mom's basement would never start a revolution.
The cure to our ills, legalize pot and give every person an iPad and free internet.
Shit, pot would be like 10 cents an ounce if Nebraska grew it. Cornhuskers to pot pickers, can I get an AMEN??
SNAP recipients would double overnight. Kraft stock would go up 700% as billions of boxes of Kraft macaroni and cheese where whisked off shelves by hungry tokers everywhere!
future O voters
The good news is a lot of them will be dead soon due to obesity so the problem will solve itself...
http://blogs.wsj.com/economics/2011/12/03/number-of-the-week-the-economics-of-obesity/?mod=e2tw
Yes of course because there is no such thing as a rich fat American.
"At least the chart below appears to be plateauing... Actually, sorry, no isn't."
Hahahahaha!
Aaaaaaaaaand it's gone!
46 million vested in keeping the state payments going...bullish for Obama, bullish for status quo...only change would occur if these folks "life of luxury" was cut in half or cut off.
Obama's like the Oprah of Cheeze Whiz.
Much better than "Millions of Americans on food stamps" is of course "Percentage of population on food stamps" because that would adjust for population growth.
Not really. It's the same slope. Lethargy breeds lethargy.
Charts are showing a major selloff coming at the close. Bernanke and his PWG better hold the line or else today will look plain stupid.
It's almost time to invade Iran.
We need bread AND circuses.
American circus is MTV, jersey shore, American Idol, Football, presidential elections, Black Friday
Circuses seem to be the easy part. It's the bread that will run out first.
<golf clap>
New EBT rap
"Obama keeps us gettin paid"
"now I can buy red kool aid"
http://www.youtube.com/watch?v=6RhQsRKsU0M
And that's it America. Hope and Change
there was a rule change in FSs this year. even you can get them and JPM makes money issuing the card.
Helps the Morgue's bottom line and that's the important thing right? Recapitalizing the banks?
Hey, can you order pizza with food stamps?
Yes, but it has to be frozen so that you "prepare" it at home.
Take your lipitor before watching this. (different vid then the one I posted above)
http://www.youtube.com/watch?v=NzspsovNvII&feature=related
I want my money back.
Bullish for JPMorgan.
/not sarcasm
what is the ticker symbol for foodstamps? i wanna buy that stock.
lI believe ObamaCorp. is the primary manufactuer of them. Go long ObamaCorp.
JPM
http://publicola.com/2011/11/18/chase-bank-receives-millions-from-washingtons-food-stamp-program/
By next year expect outsourcing of food-stamp manufacturing to China in order to keep up with the increasing supply with cheaper labor.
Since the start of the Second Great Depression, food stamp participation has increased by 18.7 million, and is now at an all time higher 46.3 million. All Bush's fault, or something. At least the chart below appears to be plateauing... Actually, sorry, no isn't.
Why would Obama ever want this number to go down?
For better or worse, food stamps = wealth transfer, pure and simple.
Coming soon: healthcare stamps, childcare stamps, college stamps, job stamps...
One man's symptom of failure is another man's symbol of success.
AKA money.