Foodstamp Recipients Hit Record, Alongside Record Dow Jones And Record Debt: 20% Of Eligible Americans On EBT!
- Go back to sleep people! Nothing to see here. DowJones making a new record high, the economy is recovering! Yeah right!? Pigs fly all the time!
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Foodstamp Recipients Hit Record, Alongside Record Dow Jones And Record Debt: 20% Of Eligible Americans On EBT!
by Tyler Durden, www.zerohedge.com
Record Dow Jones, record US debt ($16,701,846,937,879.74), and now, once more, record number of Americans on foodstamps. According to the USDA, an all time high of 47,791,966 Americans closed 2012 in possession of the highly desired Electronic Benefits Transfer (EBT) card, managed by who else but JPMorgan. And with a civilian non-institutional population of 244.4 million in December, this means that a record 19.56% of eligible Americans are on Foodstamps.
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In December an additional 109,924 Americans became reliant on foodstamps for their poverty-level needs, bringing the total to 47.8 million. Number of US households on foodstamps: also a record of 23.1 million, with the average monthly benefit of $277.09.
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Goldman Sachs Made $400 Million Betting On Food Prices In 2012 While Hundreds Of Millions Starved !
- Goldman Sachs Made 400 Million Betting On Food Prices In 2012 While Hundreds Of Millions Starved !
by http://theeconomiccollapseblog.com/
Why does it seem like wherever there is human suffering, some giant bank is making money off of it? According to a new report from the World Development Movement, Goldman Sachs made about 400 million dollars betting on food prices last year. Overall, 2012 was quite a banner year for Goldman Sachs. As I reported in a previous article, revenues for Goldman increased by about 30 percent in 2012 and the price of Goldman stock has risen by more than 40 percent over the past 12 months. It is estimated that the average banker at Goldman brought in a pay and bonus package of approximately $396,500 for 2012. So without a doubt, Goldman Sachs is swimming in money right now. But what is the price for all of this “success”? Many claim that the rampant speculation on food prices by the big banks has dramatically increased the global price of food and has caused the suffering of hundreds of millions of poor families around the planet to become much worse. At this point, global food prices are more than twice as high as they were back in 2003. Approximately 2 billion people on the planet spend at least half of their incomes on food, and close to a billion people regularly do not have enough food to eat. Is it moral for Goldman Sachs and other big banks such as Barclays and Morgan Stanley to make hundreds of millions of dollars betting on the price of food if that is going to drive up global food prices and make it harder for poor families all over the world to feed themselves?
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This is another reason why the derivatives bubble is so bad for the world economy. Goldman Sachs and other big banks are treating the global food supply as if it was some kind of a casino game. This kind of reckless activity was greatly condemned by the World Development Movement report…
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“Goldman Sachs is the global leader in a trade that is driving food prices up while nearly a billion people are hungry. The bank lobbied for the financial deregulation that made it possible to pour billions into the commodity derivative markets, created the necessary financial instruments, and is now raking in the profits. Speculation is fuelling volatility and food price spikes, hurting people who struggle to afford food across the world.”
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So shouldn’t there be a law against this kind of a thing? Well, in the United States there actually is, but the law has been blocked by the big Wall Street banks and their very highly paid lawyers. The following is another excerpt from the report…
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Who owns the world reserve currency, the dollar, the global monetary hegemony? Look at the Satanic capstone on your dollar bill. The Luciferian New World Order will be complete with the arrival of the Satanic capstone: the Anti-Christ, fake messiah, bringer of false peace, the white horseman of Revelation 6!
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Food Prices Rising: Reaching Near Emergency Levels, Riots Expected !
- Food Prices Rising: Reaching Near Emergency Levels, Riots Expected!
by Lisa Garber, Activist Post
According to a group of researchers, their mathematical model using food prices can predict social unrest and riots. Given the drought and rampant speculation, this may bode ill for several regions in the world. Food prices have been rising for quite some time, and aren’t showing any sign of slowing.
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People raise their voices and go to arms for reasons too complicated to address here altogether, but it would be folly to leave hunger out of the equation. The spark may be an anti-Islam film or an incident of police brutality, but Yaneer Bar-Yam of the New England Complex Systems Institute in Cambridge, Massachusetts says that it’s high food prices that create “the range of conditions in which the tiniest spark can lead to riots.”
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History of Accurate Predictions
The NECSI has received attention of late for its accurate predictions of food price behavior, most notably those showing spikes in food prices that coincided with the 2007-2008 riots.
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They even submitted findings to the U.S. government—four days before Mohamed Bouazizi, a Tunisian produce vendor, set himself on fire and, many say, catalyzed the Arab Spring.
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The institute has also drawn fire for not being peer-reviewed. One such critic, economist Dave Lobell, nevertheless concedes that at least the public sees the Institute’s predictions well before the completion of a theoretical peer-review process, and time will tell if the predictions are accurate.
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The Real Hunger Games: Big Commodity Traders Control World Grain Market !
- Who are the people behind these commodity traders, hedge funds … who are manipulating commodity prices? The 13 Satanic bloodlines! It is via their global currency hegemony: the petrodollar USD that they rule the world. With it they finance wars, manipulate prices, cause famine, destroy nations …. etc. Famine is coming because of them. The coming global currency crisis will result in hyperinflation and famine!
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It’s Not Just The U.S.: Food Inflation will Affect Entire Globe in 2013!
- It’s not just the U.S. – Food inflation will affect entire globe in 2013!
by J. D. Heyes, http://www.naturalnews.com/
Grocery prices in the United States have risen steadily for months now, but because of the drought here at home and other global market forces, food costs are set to skyrocket around the world as well, say experts.
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In addition to parched farmland throughout much of the U.S. and near the Black Sea, weak monsoons in India and ongoing hunger across wide swaths of Africa will all combine to drive food prices higher next year.
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“We have had quite a few climate events this year that will lead to very poor harvests, notably in the United States with corn or in Russia with soja,” Philippe Pinta of the French Farmer’s Federation warned recently.
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If conditions persist beyond this year, analysts note, it could be a repeat of 2007-2008, when food prices soared more than six percent to a 25-year high, according to industry analysts and reports at the time.
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A year later, the UN said, prices had peaked to 30-year highs and in December 2010 the food price index rose above its 2008 peak before dropping to an 11-month low in October 2011.
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Memphis, Tennessee-based Informa said a study based on 20 years’ worth of food price data blamed soaring non-farm costs such as “record oil prices and soaring consumer demand from the world economy, notably the emerging middle class in Asia,” were largely at fault, Reuters reported.
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We’ve seen this before
Today, a similar combination of things, combined with a weather element, is once more affecting world food prices. While oil has retreated in recent days, prices remain high despite lower demand, especially from the U.S., the world’s largest oil consumer. That has translated into higher costs for fuel that farmers must pay to harvest and transport their crops.
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A drought continues to grip much of the Midwestern United States, where corn production has fallen to its lowest level in six years, according to the Department of Agriculture, where diminished corn and soybean production will likely contribute to higher costs.
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In India, meanwhile, monsoon rains fell more than 15 percent below normal by mid-August, meaning Asian rice prices are likely to increase by as much as 10 percent in the coming months.
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Drought conditions have also hit parts of Africa’s Sahel region, causing food shortages. In fact, the relief agency World Vision Australia said 18 million people need food assistance in Niger, Mali, Chad, Mauritania and Senegal.
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If conditions don’t change, it “could affect the crop prospects and may have an impact on prices of essential commodities,” Kuruppasserry Varkey Thomas, India’s agriculture minister, told the Bangkok Times.
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Greg Mannarino: People Are Going to Suffer on a Biblical Scale!
- Greg Mannarino – People Are Going to Suffer on a Biblical Scale!
by Greg Hunter’s USAWatchdog.com
Greg Mannarino is a former Bear Stearns floor trader in the mid 1990’s. He has written seven books on the ongoing financial crisis. His latest is called “The Politics of Money.” Mannarinois a rising star on the internet for his YouTube commentaries. He says, “The global debt bubble is the biggest in all of mankind, and every single one has burst in the past.” He thinks what has been going on since the 2008 financial meltdown, “Is theft on a scale that is unimaginable.” When this debt bubble bursts, Mannarino thinks, “People are going to suffer on a Biblical scale. . . . People are not going to be able to acquire basic resources.”
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He predicts, “I am certain we are going to see violent crime erupt on a global level.” Mannarino shucked it all to go to medical school, and today he is a practicing physician’s assistant. He’s back on the internet to warn people of what he sees coming in the not-so-distant future. Join Greg Hunter as he goes One-on-One with Greg Mannarino.
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World Powers Eye Emergency Food Meeting; Action Doubted !
- The Illuminists are attacking humanity. They are creating inclement weather, droughts, floods, earthquakes … using their HAARP tectonic weapons. With their global monetary hegemony they are about to drive the prices of commodities sky-high to cause famine, starvation, deaths … all for their genocidal depopulation agenda. Next in line: virulent Bird Flu.
- - The western Illuminati is fomenting social collapse, violence, destruction of national sovereignties, economic and financial collapse, wars, diseases, disasters … chaos … all in preparation for the coming of their fake messiah, the Anti-Christ, the bringer of false peace, the white horseman of Revelation 6!
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World powers eye emergency food meeting; action doubted !
by Gus Trompiz and Nigel Hunt, http://www.reuters.com/home
(Reuters) – Leading members of the Group of 20 nations are prepared to trigger an emergency meeting to address soaring grain prices caused by the worst U.S. drought in more than half a century and poor crops from the Black Sea bread basket.
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France, the United States and G20 president Mexico will hold a conference call at the end of August to consider whether an emergency international meeting is required, aiming to avoid a repetition of the food price spike that triggered riots in poorer countries in 2008.
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Yet even as the third grain surge in four years stirs new fears about food supply and inflation, many say the world’s powers are no better prepared to rein in runaway prices. Apart from a global grain database, which has yet to be launched, and the Rapid Response Forum that authorities are considering convening for the first time, the G20 has few tools.
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Instead, it must intervene through influence, perhaps urging the United States to relax its ethanol policy in response to the crisis – difficult only months before a presidential election that may be won or lost in Midwest farm states – or urging Russia not to impose an export ban, as it did two years ago.
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“Beyond words, expect little from the G20 on rising food prices,” said Simon Evenett, a former World Bank official who is now professor of international trade and economic development, University of St. Gallen, Switzerland. He described the G20′s record on trade as “feeble.”
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“With a string of broken promises on protectionism, no serious enforcement, monitoring well after the horse has bolted, and a tendency to pull their punches, any G20 promises on food trade won’t be taken seriously – by the G20 themselves or by anyone else.” The group is hindered by the widely differing views of its diverse members, split between big consumers and producers.
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A senior Brazilian government official said that only a major food crisis would raise pressure on the G20 to call for intervention in physical commodity markets, something countries such as the United States and Canada typically oppose.
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read more!
The white horseman logo of the Illuminati Council on Foreign Relations (CFR). They labour to lay the foundation for the coming of the white horseman, the fake messiah, the Anti-Christ, the bringer of false peace of Revelation 6.
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Prepare for What Is Coming: “There is a Very Present Danger that is Facing Every American”!
- Prepare for What Is Coming: “There is a Very Present Danger that is Facing Every American”!
by Mac Slavo, http://www.shtfplan.com/
A warning from Charlie McGrath, founder of Wide Awake News:
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You are under assault. There is a very present danger that is facing every American citizen who listens to me right now. Every citizen of this planet who listens to me right now. You are under attack.
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This is an assault on you, the American people. This is an assault on your intelligence and an assault on your freedom. …. It’s about a complete and total dismantling of a nation, a dismantling of a Constitution, and an implementation of control from on high, [from a] dominant financial authority overtaking this planet. …. It’s not coincidence that Department of Homeland Security and the government in general is picking up all kinds of riot gear.
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It’s because they know the collapse is coming.
They know the engineered collapse that has been papered over and caused 100 million people to be on the government dole, that has caused trillions of dollars of our future wealth being given to a bunch of bankers.
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They know the day of reckoning is coming, and when it does they want 30,000 drones in the air, they want thousands of riot-ready police force on the street, and they want you bickering with your neighbor because you voted Romney, or you voted Obama.
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Get it through your head, folks. If you dont’t understand it by now – time is running out rapidly. You need to understand. There is no change coming with Romney. There is no change coming in term two with Obama. They dance to the tune of the same people who have not been prosecuted or brought to justice for destroying this planet’s economy. There are people dying tonight because of what has happened to this economy on this planet.
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Mass electronic surveillance systems, tens of thousands of drones, riot police, the training of military assets for domestic policing, and the introduction of legislation and executive orders to respond to widespread national emergencies through martial law declarations are all pointing to the same thing.
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Elements within the government of the United States and the cabals that have been engineering this move towards global governance are keenly aware that the system as it exists today is under extreme strain, and the day of reckoning is coming.
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Prepare for it, because it will be like nothing we’ve ever experienced in our lifetimes. As our existing paradigm continues to shift we must understand that it will be plagued with starvation, mass rioting and bloodshed.
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As Charlie McGrath notes, there are wars being fought all over the globe right now – and scores of men, women and children are dying daily. Millions of protesters have taken to the streets in recent months on every corner of earth as the world they have come to know collapses around them. Tens of millions of Americans are, like their counterparts in Europe and Asia, struggling just to put food on the table.
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If the evidence that is right before your eyes doesn’t convince you that a mass destabilization is taking place in real time, then we don’t know what will. The government is and has been preparing. So should you. Time is running out.
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Former CIA Army General: US Economy About To Break & Collapse! Severe Food Shortages, Riots, Civil Unrest … Martial Law!
Click on image to listen to interview on TruNews Radio on 31 July 2012! Interview with Lt. General Boykin begins at the 33.00 minutes mark.
- Former CIA Army General: US Economy About To Break & Collapse! Severe Food Shortages, Riots, Civil Unrest … Martial Law!
by http://www.beaconequity.com/
Dominique de Kevelioc de Bailleul: Lt. General William Boykin (retired) told TruNews Radio Tuesday that the U.S. economy of the United States “is just about the break” and collapse. And when the dam gives way, severe food shortages and pervasive violence throughout America will warrant, in his opinion, an executive declaration of martial law.
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“I’ll be very honest with you; the situation in America could be such that martial law is actually warranted, and that situation in my view could occur if we had an economic collapse,” said Boykin, a former CIA Deputy Director of Special Activities.
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“The dam is just about to break on our economy, and I think when it does, there’s going to be a major disruption of the distribution of food,” he added. “And I think what you’ll see particularly in the inner cities is you will see riots, civil unrest that ultimately might justify martial law.”
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Though the U.S. is the world’s largest exporter of agriculture, in the case of a currency collapse, producers will withhold shipments to retailers and consumers unable to pay in a currency other than U.S. dollars. For a time, barter will take the place of currency for those living in rural areas, but for the majority of Americans living in cities and adjacent suburbs, food shortages can emerge within 24 hours.
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“I think those people that are not in the major cities are going to be far better off, but it could actually justify martial law,” Boykin continued. “And I’m praying that we will not see that kind of collapse, we won’t see a disruption of the distribution of food in America. That’s probably the single biggest problem.”
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Recommendations by “prepper” organizations and a handful of governments (as in the case of Utah and some municipalities) to include storing enough nonperishable food to last a month to 90 days have become commonplace during the four-year-long economic recession, as the history of currency collapses throughout the world demonstrate that for a meaningful period of time food will not be available at grocery stores, food pantries and other collective emergency food supplies.
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Recent examples of food shortages due to rapid currency devaluations include Argentina in 2002; Cuba, following the fall of the Soviet Union in 1989; and in Zimbabwe during its currency collapse of the late 2000s.
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Although, the U.S. is not expected to match Zimbabwe in intensity and duration of inflation (89 sextillion percent in 2008), all nations undergo a period of profound dislocation of commerce during a currency devaluation, which may range from as little as several weeks to several months. At that time, food becomes the king of all commodities while government reestablishes a new workable currency to reestablish normal commerce once again.
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“If people can eat, they can survive for some period of time while we get through the economic crisis and reestablish currency, and systems, and all that,” said Boykin. “But if they can’t eat, you know, they’re going to fight. And that’s my big concern.”
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From his intelligence, as well as from numerous publicly-available anecdotal testimonies and leaked government documents, the U.S. military has been preparing with local law enforcement for a coming crisis. Boykin strongly advises the public to make preparations for the most likely scenario of a coming breakdown of the food distribution channels in America during a dollar collapse.
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“For me, I have three months of food stored. I have a bunch of other essentials that I have stored in my home,” he said. “And my wife and I are preparing for this.
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“Now a lot of people call us, you know, foolish, for that kind of attitude,” he added. “But I would tell you that I’m not going to be unprepared, and I think people should be prepared now for some disruption. You know this economic collapse is a very strong possibility. We need to get ready for it, and we need to be thinking through and developing plans for how we’re going to react to it.”
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The Real Hunger Games: How Banks Gamble on Food Prices – And The Poor Lose Out !
- We no longer have a free market system in the west. Commodity prices are heavily manipulated by Illuminist banks. Via their global financial and monetary hegemony, the western Illuminati can destroy nations, cause famine, finance wars … etc. Remember: they create money out of thin air to finance their casino gambling!
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The real hunger games: How banks gamble on food prices – and the poor lose out !
by Grace Livingstone , http://www.independent.co.uk/
In the last decade, financiers have speculated billions of pounds in food, helping to make prices dearer and more volatile
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Speculation by large investment banks is driving up food prices for the world’s poorest people, tipping millions into hunger and poverty. Investment in food commodities by banks and hedge funds has risen from $65bn to $126bn (£41bn to £79bn) in the past five years, helping to push prices to 30-year highs and causing sharp price fluctuations that have little to do with the actual supply of food, says the United Nations’ leading expert on food.
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Hedge funds, pension funds and investment banks such as Goldman Sachs, Morgan Stanley and Barclays Capital now dominate the food commodities markets, dwarfing the amount traded by actual food producers and buyers. Purely financial players, for example, account for 61 per cent of investment on the wheat futures market, according to the World Development Movement report Broken Markets.
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Speculative investment in agricultural commodities in 2011 was 20 times the amount spent by all countries on agricultural aid. Goldman Sachs, the largest player in the agricultural commodities market, earned £600m from food speculation in 2009, and Barclays Capital, the world’s third-largest player and largest British bank in this market, earned up to £340m in 2010, according to the report. Goldman Sachs and Barclays Capital declined to comment.
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Before it was deregulated in the year 2000, the agricultural commodities futures market was used mainly by farmers and food buyers seeking to insure themselves against changes in the prices of products such as wheat, maize and sugar. When George W Bush passed the Commodities Futures Modernization Act 12 years ago, there was an influx, led by Goldman Sachs, of purely financial players who had no interest in ever buying food, but who sought solely to profit from changes in food prices, says Olivier De Schutter, the UN special rapporteur on the right to food.
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… for more click here!
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About
Societal and economics observer and commentator with an endtimes, future history perspective. Follow me at Twitter: socioecohistory
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