Chart usGOLD   Chart usSILVER  
 
Food for thought
When virtue is a vice the naughty rule the nice
.  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1294.08-0.58
Silver 19.630.01
Platinum 1404.500.00
Palladium 794.900.90
WORLD MARKETS
DOWJONES 16409-16
NASDAQ 40969
NIKKEI 1451699
ASX 544532
CAC 40 443226
DAX 941092
HUI 220-2
XAU 90-1
CURRENCIES (€)
AUS $ 1.4802
CAN $ 1.5214
US $ 1.3810
GBP (£) 0.8222
Sw Fr 1.2199
YEN 141.4400
CURRENCIES ($)
AUS $ 1.0724
CAN $ 1.1022
Euro 0.7241
GBP (£) 0.5957
Sw Fr 0.8831
YEN 102.3800
RATIOS & INDEXES
Gold / Silver65.92
Gold / Oil12.37
Dowjones / Gold12.68
COMMODITIES
Copper 3.040.02
WTI Oil 104.590.83
Nat. Gas 4.740.21
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
20% on Food Stamps & Deepening Recession Driving People to Dollar Stores
Published : February 19th, 2013
307 words - Reading time : 0 - 1 minutes
( 0 vote, 0/5 ) Print article
 
    Comments    
Tweet
Keywords :   Reality | Recession | Total | Unemployment |

The difference between investing in the dollar store economy and living in it: 20 percent of Americans now receiving food stamps. Dollar stores become a growth industry and top one percent gobble up all income gains after recession.

Lost in the tireless cheerleading for the stock market which in reality, is largely a sophisticated sham for most Americans, we had a report from the Department of Agriculture that should put things into perspective. 

In the latest release of data for November 2012 (released in February 2013), the report noted that 141,067 Americans were added to the food stamp program known as SNAP.  This is a massive increase at a time when the stock market is soaring to near record highs.  For the record, the S&P 500 went up 0.28% for the month of November while we added a stunning 141,067 Americans in the same month to the food stamp program.  This brings our current total to 47.69 million Americans that now rely on food stamps.  To highlight our growing structural issues we now have a mind jarring 20 percent of our civilian non-institutional population on food stamps.  What does this truly say about our economy?

The rapid rise in food stamp usage

While the overall unemployment rate has fallen, helped by many hiding from the recession in college and others entering into retirement, the usage of food stamps has remained incredibly high and has increased dramatically even when the official recession ended in the middle of 2009:
24hGold - 20% on Food Stamps &...
This is a troubling trend.  In 2007 the number of Americans on food stamps was roughly 11 percent.  We have nearly doubled that amount while the stock market inches back to near record levels.  Something tells me that these Americans on food stamps are not necessarily partaking in the speculative fervor that is currently unfolding.
Continue reading>

Tweet
Rate :Average note :0 (0 vote)View Top rated
Previous article by
Charleston Voice
All articles by
Charleston Voice
Next article by
Charleston Voice
Receive by mail the latest articles by this author  
Latest comment posted for this article
Be the first to comment
Add your comment
TOP ARTICLES
Editor's picks
RSS feed24hGold Mobile
Gold Data CenterGold & Silver Converter
Gold coins on eBaySilver coins on eBay
Technical AnalysisFundamental Analysis

Charleston Voice

All the stuff you don't want to know about, but should. And, when you do know, you realize that for the present you are powerless to change it This article is brought to you by the Charleston Voice E-mail List. To subscribe FREE to the distribution list, send an e-mail to the author with 'SUBSCRIBE' in the subject line.
Charleston Voice ArchiveWebsite
Most recent articles by Charleston Voice
4/17/2014
4/16/2014
4/14/2014
4/11/2014
4/6/2014
All Articles
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Receive 24hGold's Daily Market Briefing in your inbox. Go here to subscribe or unsubscribe.
Disclaimer