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As the administration’s scandals and retributions mount, the cost to maintain power is escalating. The price to the real Americans is staggering. The tax burden coupled with the devaluation of the dollar has resulted in the largest redistribution of wealth in history.
Let’s clarify some terms used above:
1. Real Americans – the portion of the people who value Liberty more than entitlements and “assumed rights”.
2. Devaluation of the dollar – the policy of the Federal Reserve to direct the US Treasury to print money without any backing. The result is inflation which devalues the dollar and your life’s savings.
3. Redistribution of wealth – the policy of the Federal government to give entitlements to people who value “assumed rights” over Liberty. Once that tipping point was reached, the Republic fell as votes were cast based on personal wants instead of public virtue. Synonym: theft
Where does that leave the minority of the country that now support welfare, foodstamps, disability benefits and government employees? Waiting for the economic collapse that the administration is purposefully orchestrating to take over the government completely. And waiting for the retribution for speaking out against tyranny.
David DeGerolamo
American Households On Foodstamps Climb To New Record
Yesterday, briefly, we were confused by the eruption in the stock market following a not too bad sub-200K nonfarm payrolls number. Because we know that in the New Normal bad is always good, no matter what the well-coifed TV pundit du jour tells you. Then we remembered that yesterday is when the USDA releases its monthly Supplemental Nutrition Assistance Program data, i.e. Americans on Foodstamps.
It was here that the ramp was perfectly explained, because while the bad (for stocks of course) data was that individual foodstamps recipients rose by 170K in March – if just a whisker below all time highs – it was the number of American households on foodstamps, which rose to a new all time high of 23,116,441 (each collecting an average of $274.30 per month) that perfectly explained the Dow Jones’ 200 point surge higher: the transfer of wealth from the poor and middle-classes to the 1% continues without a hiccup.
