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01-14-2011, 08:18 PM #1
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Broke and Hungry: This Chart Says It All
Broke and Hungry: This Chart Says It All
Mac Slavo- January 11th, 2011
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Contrary to the opinion that our economy is on a booming trajectory to the moon, the following chart from the USDA Food and Nutrition Service tells the real story:
One in seven Americans now depend on food stamps to pay the grocery bill each week, and according to a recent report, private food distribution and food assistance organizations have seen a 10% rise in their client base. This on top of reports that food banks are actually running low on food (1,2) due to fewer donations caused by a failing economy and rising food prices.
Had someone forecast in 2007 that the rate of food stamp participation would nearly double by 2011 few would have believed it, likely dismissing the thought as lunacy. But the chart above shows that the prediction would not have been too far off. And given that the employment situation remains bleak, while commodity prices around the world continue to rise, we would not be at all surprised to see the participation rate accelerate and reach 50 million within the next 18 months.
If we see the kind of 50% zhang in prices that is currently being experienced in China, it may come even sooner. Looking strictly at the government’s CPI inflation data, one might surmise that prices have “stabilizedâ€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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01-14-2011, 08:48 PM #2
Re: Broke and Hungry: This Chart Says It All
Originally Posted by AirborneSapper7
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Americans first in this magnificent country
American jobs for American workers
Fair trade, not free trade
Laura Loomer - Woke up this morning to a @nytimes article...
03-27-2024, 11:36 PM in General Discussion