Foodstamps at the household level also rose to a record 22.685 million:
Finally, going back to the start of the official start of the depression in December 2007. In the 57 months from then until August 2012, there have been 4.6 million jobs lost even as Americans on foodstamps & disability have risen by 21.2 million.]
In the 57 months from then until August 2012, there have been 4.6 million jobs lost even as Americans on foodstamps & disability have risen by 21.2 million. What will we need to see as far as economic data to finally realize there is something really wrong about the supposed recovery at home in America? What will it take for the average investor to start adding up the pieces of the puzzle to see what direction things are going? Violent crimes are on the rise, food stamp demand is through the roof, early retirement is putting even more stress upon the social security program at a point where it is already buckling under itself. Do you notice that the ‘fiscal cliff’ wasn’t mentioned not one single time during the presidential circus but now that the circus has left town it is seemingly all they can talk about? If we have proof that these politicos in conjunction with the corporate media have chosen to omit a controversial hot button topic, is it that far of a stretch to assume they may have withheld something else that we should be worried about? Is it possible that they are unwilling to maybe admit that we are in fact not in a recovery at all, but instead are actually in a depression & have been for several quarters?
At some point the ugly truth will come out, but as usual it will only happen when the wheels are falling off & there is little to no hope of stabilizing things moving forward. Once the proverbial poo hits the fan they will offer a variant of the truth as a last ditch effort offering & it will be delivered with genuine fear in the face of whom is speaking it. But why does it have to go that way? Why does it have to that far? Unfortunately I feel it is because of the human condition of arrogance & nothing more. Arrogance because deep down inside I believe these ‘shot callers’ truly believe they will be able to forcibly create the reality they so desire & believe me they have done everything in their power to force their version of reality to come into alignment with what is happening around us. But as each day passes it is becoming more clear to those paying attention that there is little to no chance that this ship will be able to be turned around with any real agility but instead we must begin to accept the fact that there is a new coarse for the ship & we are about to pull into a foreign port.
What if the politicos are unable to reach a compromise that would offer a stabilizing effect for the economy at home? What if China finally has had enough & decides they no longer feel safe holding a couple trillion worth of US Govt. debt? What happens if the trade agreement that China has drafted with almost 150 nations forcibly removes the USD from its world reserve currency status & the world buries the US with out own fiat paper money? What if there is a natural disaster that causes groceries to be unable to restock their shelves? Hurricane Sandy has hopefully served as a wakeup call to everyone that even a ‘civilized’
It’s time to begin to consider the what ifs in America & begin to prepare for the outcome of the what if scenarios should they manifest. On the other hand, if this ends up not being the direction things go, then you will be ready for anything less that may occur & be comfortable. We have done it their way for 4 years now & the only thing that has changed is that the banks have been pumped up with $43,000,000,000,000.00 of newly printed bailout money that your grandchildren will be on the hook to repay & main street has been told the recovery was coming because Wall Street has obviously been doing better since the housing crash began. Now maybe we should consider that when you introduce ANY new money into existence it devalues those already in circulation that you have already slaved away at your job to acquire & will send consumer goods prices marching upward with no end in sight. Establish your “Weak Dollar Insurance Policy” now in physical gold & silver bullion today & begin to participate in the sound money debate. Inflation can morph into hyperinflation while currency wars like the one between the FED & China currently can degrade into trade wars. Recessions can also fall into depressions when these conditions worsen. Remember that it is a far better strategy to PREPARE your portfolio than to attempt to REPAIR it once the damage has begun. Tick, tock.