Tags: EBT

McDonalds’ Latest Advice to its Peasant Employees: “Quit Complaining” and “Sing a Song”

Back in July, I highlighted a ridiculous and insulting campaign that McDonalds ran with Visa in which the company tried to help its impoverished employees plan a budget. The only thing the campaign did was embarrass the company by proving that you can’t survive working there.

Well the company is right back at it in time for the holidays, with several pieces of advice for its legions of serf employees through its “McResource” website. Three of the more insulting pieces of wisdom include:

“Sing away stress: Singing along to your favorite songs can lower your blood pressure.”

“Break it up: Breaking food into pieces often results in eating less and still feeling full.”

I saved the best for last…

“Quit complaining: Stress hormone levels rise by 15% after ten minutes of complaining.”

Are you “lovin’ it” yet? Video below:

 

Happy Veteran’s Day: 40% of NYC Vets Need Food Assistance

Just the sort of headline you’d expect four years into an economic recovery. Well at least we bailed out the TBTF banks and saved Wall Street bonuses!

From CBS:

NEW YORK (CBSNewYork) — Veterans are returning to New York City from their service only to be faced with going hungry, the head a city food bank said.

“On this Veterans Day, when we’re waving our flags — I need every New Yorker to know — 40 percent of New York City veterans are relying on soup kitchens and pantries,” Purvis said.

That amounts to 95,000 people.

“That is not a guesstimate; that is a fact,” she said.

Thanks for your service guys, now here take this EBT card. With any luck you’ll get a part time job in year 10 of the recovery.

Full article here.

In Liberty,
Mike

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American Dependency: A Food Stamp Micro-Doc

My friend Dan at Future Money Trends has just put together a fantastic micro-documentary on the rise of our food stamp nation and the far reaching consequences to society. From the art of selling excess food stamp dollars at the end of each month, to JP Morgan profiting from the program as a line of business, this video covers it all. I’ve written about food stamps on several occasions, and have highlighted how they are merely a way to boost corporate profits at the taxpayers expense. More corporate welfare and crony capitalism. My three most popular articles on food stamps are below:

McDonald’s Math: You Can’t Survive Working for Us

Where Food Stamps Go to Die

AMAZING. The USDA Has Partnered with the Mexican Government to Encourage Food Stamp Participation 

Now check out the video.

AMAZING. The USDA Has Partnered with the Mexican Government to Encourage Food Stamp Participation

As more and more information emerges about the food stamp program in the United States, the more absurd and downright disturbing the entire thing becomes.  I first posted on the topic in late June with the piece The Government is Encouraging More Food Stamp Usage, Calling it “Stimulus”.  I thought this was ridiculous enough, but only a couple of weeks later it become mainstream news that the USDA was using Spanish-language soap operas to encourage “non-citizens” to enroll in the free food program (as a result of public outrage the USDA actually removed those videos from its website).  Oh, but the rabbit hole goes far deeper.  We now find out that the USDA has an official agreement with the Mexican government to boost participation.  I wish I was kidding but one of the English and Spanish posters used to market food stamps to Mexicans is actually titled “Food Stamps Make America Stronger.”

It has now become so obvious that TPTB are engaged in a deliberate and desperate scramble to get as many people living in the United States as dependent as possible on the government for survival.  Hungry people that need handouts are obedient slaves.  It really is that simple.

Key quotes:
The Mexican government has been working with the United States Department of Agriculture to increase participation in the Supplemental Nutrition Assistance Program (SNAP), or food stamps.

“USDA and the government of Mexico have entered into a partnership to help educate eligible Mexican nationals living in the United States about available nutrition assistance,” the USDA explains in a brief paragraph on their “Reaching Low-Income Hispanics With Nutrition Assistance” web page. “Mexico will help disseminate this information through its embassy and network of approximately 50 consular offices.”

Sessions isn’t simply concerned that the USDA has eschewed transparency with their Mexican partnership or that legal immigrants are encouraged to get on the government’s handout rolls — he is also worried about the lack of protections against undocumented immigrants receiving benefits for which they are not qualified.

As the senator detailed in his letter to Vilsack, and the USDA’s 2011 Guidance on Non-Citizen Eligibility for SNAP explains, although undocumented immigrants are usually not eligible to enroll in SNAP, illegals may enroll their eligible children.

It is up to the states to determine if applicants or households are qualified aliens. In some circumstances, SNAP benefits can be conferred upon people who merely state, upon penalty of perjury, that they are in the country legally.

“Applicants need only attest that they are citizens of the United States, and the state must accept that attestation as conclusive,” Sessions explained in his letter.

Mexico is the only country with which USDA has a nutrition assistance outreach partnership agreement.

Full article from the Daily Caller is here.

Where Food Stamps Go to Die

Anyone who has the power to make you believe absurdities has the power to make you commit injustices.

No snowflake in an avalanche ever feels responsible.

Common sense is not so common.

I have never made but one prayer to God, a very short one: “O Lord make my enemies ridiculous.” And God granted it.

In general, the art of government consists of taking as much money as possible from one class of citizens to give to another.

The sovereign is called a tyrant who knows no laws but his caprice.

All murderers are punished unless they kill in large numbers and to the sound of trumpets.

– All Quotes by Voltaire

Where Food Stamps Go to Die
We all know the economy sucks.  We all know we are headed in the wrong direction.  We all know our leaders are corrupt, immoral, greedy and violent.  You don’t need me to tell you that.  One thing that I have noticed recently while watching the financial markets is that despite the fact most stocks charts I pull up look awful, the major indices continue to hang in or grind higher.  While it is not new news that a few large cap stocks are holding the major averages up, I want to focus on one in particular.  Wal-Mart.  Yes we all know Wal-Mart.  Everyone has an opinion; whether you love it or hate it.  In this instance, I’m not so much interested in the company itself, the stores or disturbing images of some of the people seen shopping there.  No, in this case I want to take a look at the stock and ponder what it tells us about the state of affairs in both the U.S. and the global economy as a whole.

Wal-Mart’s stock is up 14% YTD, which is triple the return of the S&P 500.  The stock also packs a dividend yield of 2.3%, so the total return is even better.  In the last month or so the stock has become a real powerhouse as you can see in the chart below.  Crushing any and all shorts under the weight of its rapid appreciation.

Wal-Mart Three Year Chart

I think the above chart, in particular the move in the past month or so, speaks volumes to what is happening on a macro level.  First, from a purely flow of capital perspective, the U.S. economy was the last one to hit recession (most money managers still have no idea).  With Europe in a situation where monetary and political chaos appears likely here and now (and inevitable ultimately) and the BRICs in total free-fall, we have seen a rush into perceived safe havens.  We all know about treasuries and bunds, but at some point people don’t want to continue to funnel money to instruments yielding negative real returns.  So what has apparently happened is global money managers have been allocating more dollars to very large cap U.S. shares as an alternative to treasuries and bunds.

There’s more to it of course.  Nothing exemplifies the ghetto status of the U.S. economy more than the success of Wal-Mart in the face of the ongoing destruction of what was once a vibrant and strong middle class.  In case you missed it, Marion Nestle, Professor in the Department of Nutrition, Food Studies, and Public Health at NYU, came out with some interesting tidbits regarding the food stamp program.  One of them is extraordinarily disturbing.  She shows that Wal-Mart’s gets as much as 25% to 40% of revenue at some stores from food stamp dollars.  This says it all folks.  Food stamps are or course the perfect business for Wal-Mart and JP Morgan, which as I pointed out previously makes a lot of money running the program and keeping the populace in perpetual serfdom.  Meanwhile, guess what another of the best performing stocks this year is?  Corrections Corp of America, ticker CXW, up 41% YTD!  Guess what they do?  Yep, you guess it.  They lock up the serfs that get out of line.  This is the Bloomberg description of CXW.

Corrections Corporation of America provides detention and corrections services to governmental agencies.  The Company owns correctional and detention facilities in the United States and the United Kingdom. Services include design, construction, ownership, renovation, and management of new or existing jails  and prisons, as well as long distance inmate transportation services.

There you have it folks.  What sectors are leading the American economy in the “recovery”: Food stamps and Prisons.  They are actually perfectly complimentary.  If the food stamps don’t work the prisons will.

Meanwhile, in the real economy we have the latest earnings blowup.  Ryder System, a company involved in the leasing, rental and logistical business of trucking lowered its forecast and the shares were smashed.  Too bad you can’t lease a truck with an EBT card, although who knows, that might be in the next stimulus package.

Ryder Three Year Chart.  Thanks for Playing!

The global economy is currently staring into a cyclical recession in the midst of the biggest structural debt and derivatives ponzi scheme that mankind has ever witnessed.  The desperation to keep things looking decent into the election continues at a frantic pace and now there are only four more months left.  As I have said before, if they do not allow pressure to be released until after the elections the comeuppance is going to be way more awful than I care to think about.  Prepare accordingly.

Peace and wisdom,

Mike