I posted about this over a year ago and the comments I got were BS, Your paranoid and NOT SO.....whelp....here it is:
Thursday, February 3, 2011
Wednesday, February 2, 2011
THOUGHT FOR THE DAY
"When you see that in order to produce, you need to obtain permission from men who produce nothing - When you see that money is flowing to those who deal, not in goods, but in favors - When you see that men get richer by graft and by pull than by work, and your laws don't protect you against them, but protect them against you - When you see corruption being rewarded and honesty becoming a self-sacrifice - You may know that your society is doomed." - Ayn Rand, "Atlas Shrugged", 1957
Millions of Chinese Stunned After Government Makes Obama UFO Statement
This is a translation of what China News is saying....was brought to my attention by a friend living in China....Takes a moment to load....
Foodstamp Recipients Jump by 400K In November, Hit New Record Of 43.6 Million
Much has been said about Bernanke's wealth effect and how it impacts a whopping 1% of the US population (traditionally, those very same bail out recipients who would be insolvent had Helecopter Ben not rescued the entire financial system at the expense of the DXY, which at last check was below 77 again). Unfortunately, a little less time has been spent discussing the equal and opposite effect.... that is the poverty effect.... Luckily, every month they give an update on this just as useful metric. And as of November, the SNAP program had 43.6 million participants, an increase of 400k from October, and a 14% increase, or 5.3 million from a year prior.....YIKES!
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