The road to recovery leads through poverty?

reporter(News & Editorial/ The road to recovery leads through poverty?)

It isn’t just about “unemployment”, food stamps or welfare assistance, the USA is overpopulated for its resource base.
……….Mr. Larry

A.  Hungry For The Holidays: 20 Facts About Hunger In America That Will Blow Your Mind
26 Nov 2012, The Economic Collapse, By Michael
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recovery1 All over America there are millions of people that will be missing meals and going hungry this holiday season. Even as much of the country indulges in the yearly ritual of unbridled consumerism that we refer to as “the holiday season”, more families in the United States than ever before will be dealing with not having enough food to eat. Food stamp use is at an all-time high. Demand at food banks is at an all-time high. They keep telling us that we are in an “economic recovery” and yet the middle class continues to shrink and the number of Americans living in poverty just continues to grow. We are witnessing unprecedented hunger in America, and this especially seems tragic during the holidays. Much of the country is partying as if the good times will never stop, but families that are living from one meal to the next are facing a completely different reality. How do you tell your children that there isn’t going to be any food to eat for dinner? How do you explain to them that other families have plenty to eat but you don’t? Sadly, many food banks are overstretched at this point. All over the nation, food pantries have actually had to turn people away because of the overwhelming demand. And more Americans used food stamps to buy their Thanksgiving dinners this year than ever before. This is a problem that is not going away any time soon, and when the next major economic downturn strikes the problem of hunger in America is going to get even worse.

For many Americans, hunger has become a way of life. Families that don’t have enough money are often faced with some absolutely heartbreaking choices. Just check out what one Maine official that works with the Emergency Food Assistance Program recently had to say…
“One in six people in Maine don’t know where their next meal is coming from, or skip a meal so their kids can eat, or have to choose between paying for prescriptions and food, or fuel for your car and food,” Hall said. “What’s amazing is that food is always the first thing to go from your budget. It’s staggering, the choices people have to make.”

Food banks all over the country try their best to do what they can, especially during the holidays, but it is often not enough. In fact, some food banks ran out of turkeys well in advance of Thanksgiving this year…
“Three days in advance of Thanksgiving, the Pear Street Cupboard and Café in Framingham, Massachusetts, is out of turkeys. According to organizers, “requests for help are up 400 percent over last year.”

But it isn’t just during the holidays that food banks are having problems keeping up with demand. The truth is that many food banks find themselves out of food and having to turn away hungry families all throughout the year. The following is from a recent Reuters article…
“Overall, food pantries and soup kitchens reported a 5 percent spike in demand in 2012, according to the survey. More than half of providers said they were forced to turn away clients, reduce portion sizes, or limit their hours.
In Staten Island, all of the agencies that respond to hunger reported not having enough food to meet demand, while in the Bronx that was true for 80 percent of agencies. In Queens and Brooklyn, more than 60 percent of agencies did not have enough food to meet the needs of the populations they serve.”
If you are able, please support your local food bank. The needs are great and they are only going to get greater.

The following are 20 facts about hunger in America that will blow your mind…

#1  According to one calculation, the number of Americans on food stamps now exceeds the combined populations of “Alaska, Arkansas, Connecticut, Delaware, District of Columbia, Hawaii, Idaho, Iowa, Kansas, Maine, Mississippi, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North Dakota, Oklahoma, Oregon, Rhode Island, South Dakota, Utah, Vermont, West Virginia, and Wyoming.” [That’s equivalent to 25 states. Obviously this isn’t just some little problem we can brush away. It certainly isn’t getting the national news media’s attention; result, you are not being alerted to how the problem is insidiously growing to becoming a disruptive social threat. Mr Larry]
#2  In October 2008, 30.8 million Americans were on food stamps. By August 2012 that number had risen to 47.1 million Americans.
#3  Right now, one out of every seven Americans is on food stamps and one out of every four American children is on food stamps.
#4  It is projected that half of all American children will be on food stamps at least once before they turn 18 years of age.
#5  According to new numbers that were just released by the U.S. Census Bureau, the number of Americans living in poverty increased to a new all-time record high of 49.7 million last year.
#6  The number of Americans living in poverty has increased by about 6 million over the past four years.
#7  Today, about one out of every four workers in the United States brings home wages that are at or below the federal poverty level.
#8  According to the U.S. Census Bureau, the poverty rate for children living in the United States is about 22 percent.
#9  Overall, approximately 57 percent of all children in the United States are living in homes that are either considered to be either “low income” or impoverished.
#10  In the United States today, close to 100 million Americans are considered to be either “poor” or “near poor”.
#11  One university study estimates that child poverty costs the U.S. economy 500 billion dollars each year.
#12  Households that are led by a single mother have a 31.6 percent poverty rate.
#13  In 2010, 42 percent of all single mothers in the United States were on food stamps.
#14  According to the National Center for Children in Poverty, 36.4 percent of all children in Philadelphia are living in poverty, 40.1 percent of all children in Atlanta are living in poverty, 52.6 percent of all children in Cleveland are living in poverty and 53.6 percent of all children in Detroit are living in poverty.
#15  Since 2007, the number of children living in poverty in the state of California has increased by 30 percent.
#16  Family homelessness in the Washington D.C. region (one of the wealthiest regions in the entire country) has risen 23 percent since the last recession began.
#17  There are 314 counties in the United States where at least 30 percent of the children are facing food insecurity.
#18  More than 20 million U.S. children rely on school meal programs to keep from going hungry.
#19  Right now, more than 100 million Americans are enrolled in at least one welfare program run by the federal government. And that does not even count Social Security or Medicare.
#20  According to the Natural Resources Defense Council, approximately 40 percent of all food in America “is routinely thrown away by consumers at home, discarded or unserved at restaurants or left unharvested on farms.”

B.  Everything You Need To Know: The Economic Collapse for Dummies *Micro Documentary*
July 22nd, 2012,, Mac Slavo
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This latest micro-documentary from “Future Money Trends”, narrated by founder and chief strategist Daniel Ameduri, highlights the inevitably of a collapse in the global financial and economic systems.

Taking into consideration key data points like demographics, consumer consumption, unemployment trends, government debt, monetary policy, and widespread manipulation, a frightening end-game scenario begins to emerge.

With rampant fraud throughout the financial system and price fixing of unprecedented proportions in global stocks, commodities, interest rates, business loans, mortgages and personal loans, it is only a matter of time – perhaps one to four years according to Ameduri – before all of the machinations engaged in by governments, central banks and their financial industry cohorts to stabilize the system does exactly the opposite. The panic of 1929 will be a walk in the park compared to the utter pandemonium we will witness as the entire way of life we have come to know over the last three decades crumbles before our eyes.

It is likely that the entire financial system will collapse in one to four years. It is likely that the deflationists theory is right and there will be a collapse… Those concerned about a currency crisis and hyperinflation will likely have their conviction shaken to the core in the very near future.

We do not believe we will slip into an out of control hyperinflationary scenario. Instead it will be a deflationary collapse followed by a currency crisis. However, this will be a worldwide currency crisis. You won’t be safe even if you’re heavily invested in Euro or pacific currencies.

Soon the stock market will collapse; the volume is anemic and the entire rally we have seen is nothing more than a Fed money printing rally… There is no driver for jobs and no driver for a continuous bull market…. The game is up. The 401(k) experiment that started in the 1980′s will fail as portfolios collapse and everyone holding their funds realizes that all the buyers of the last three decades are now sellers.

…As selling pressure mounts, equities will crash. And when they do, so will gold and silver. The need for liquidity and the sale of stock will create a demand for dollars like the world has never seen… [Maybe you should hold some extra cash and a couple hundred dollars in 1¢, 5¢, 10¢, 25¢ change at home? …beside your pre 1965 silver change and the American Silver and Gold Eagles mentioned here in previous posts. (smile) Mr Larry]

…Of course, what is to follow is a massive flood into hard assets as the central banks around the world print on a global level – or as economist Mike Krieger calls it, The Big Print.

Between the fundamentals of the US economy being in shambles and the central banks printing, the perception and confidence on the US dollar will force a run on fiat currencies.

Forget about one trillion dollar deficits. It will take that just to help cover the mandatory spending. We will soon see two to three trillion dollar deficits. And, as the national debt soars past twenty, twenty-five, thirty trillion dollars… this type of parabolic move will unleash the fiat currency crisis hyperinflationists have been warning us about.

…Ultimately those investors who cashed out for the deflationary scenario will be holding worthless fiat currency.



See the video “The Economic Collapse For Dummies” at:


.Watch for the signs, because they should be apparent soon. In fact, we are already seeing global economic growth and consumer spending hitting a standstill. Once investors around the world realize that the market rally of the last three years is nothing more than a fantasy based on lies and skewed statistics, the run to safety will begin. This will put extreme pressure on the global financial system as a whole, as trillions of dollars exit stocks and traditional investment vehicles for the perceived safety of U.S. dollars.

But that perception of safety in US government based debt assets will be short lived. As we noted in Predictions of a Mad Tin Foiler, and as Future Money Trends outlines above, confidence in the US dollar will quickly be replaced with panic as the United States itself is unable to service its debt and meet the social obligations of an evermore dependent and dilapidated citizenry.

Confidence will be lost.

Then, all hell breaks loose and we enter what we can only described as the ‘Event Horizon,’ a scenario which is totally unpredictable as our existing paradigm of spending and consumption falls apart, being replaced with riots, violence, starvation and bloodshed and the likely deployment of the United States military as a state of emergency is declared in major metropolitan areas across the country.
What happens next is anybody’s guess, but we can say with confidence that if you haven’t taken steps to prepare prior to the Event Horizon, it’ll be too late.

C.  The Road To Recovery: Over One Million Americans Added to Poverty In Last Two Months
10 Dec 2012,, by MacSlavo
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They’ll tout the latest unemployment numbers as evidence for the strength of America’s recovery, but despite their best efforts to fudge the numbers, the unreported reality is that we are so far gone it’s scary.

The decent into economic oblivion continues at a seeming unstoppable pace. Rather than bloviating about the supposed jobs created in the last month being a clear sign of economic recovery, perhaps a more informed look at how bad things are in modern-day America is to consider the amount of people requiring the aid of federal and state governments to put food on the table and help make ends meet:

 “The just reported foodstamp number for September was a doozy, with 607,544 new Americans becoming eligible for foodstamps, as a record 47.7 million Americans are now living in poverty at least according to the USDA.
The monthly increase was the highest since May 2011, and with August’s 421K new impoverished America, over 1 million Americans made the EBT card their new best friend.
It is unclear just which atmospheric phenomenon will get the blame for this unprecedented surge in poverty, which comes at a time when the pre-election economic data euphoria was adamant that the US economy was on an escape velocity to utopia.
Instead what we do know is that in August and September, over three times as many foodstamp recipients were added to the economy as jobs (324,000).
We also know that with the imminent impact of Sandy, which will send foodstamp recipients soaring, it is now looking quite possible that the US may end 2012 with just over a mindboggling 50 million Americans living in absolute poverty and collecting the $134.29 average monthly benefit per person, instead of working
. [September 2012: 607,544 new elgibilities for foodstamps, but only 324,000 jobs added. Poverty is beating jobs 2 to 1.  Mr Larry.]  Welcome to the recovery indeed.”
Source: Zero Hedge via Steve Quayle

Since the collapse of 2008 Americans have lost 40% of their wealth, millions of homes, their savings have nearly vanished, and recipients of government assistance for services such as food stamps and disability have nearly doubled.

One thing is clear: The trend, although every effort has been made to convince us otherwise, is a progressively worsening economic and social impact on Main Street – and it is showing no signs of returning to pre-crash normalcy.

How long this “recovery” can continue before the weight of the 100 million poverty stricken and poor Americans brings the whole thing crashing down is anybody’s guess. But considering that fully one-third of Americans are struggling daily just to feed themselves and their kids, and the government is borrowing unprecedented levels of cash just to maintain “stability,” we probably don’t have a whole heck of a lot of time.

The quality of life in America is collapsing unabated. A paradigm shift is happening before our eyes. The blowback is going to be so severe that there is a strong possibility our civilization won’t be able to survive it intact.


1 Comment

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One response to “The road to recovery leads through poverty?

  1. America is clearly in deep shit and probably ripe for the plucking.

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