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Food Stamp Usage Hits New High Of 43.2 Million

Posted By admin On January 8, 2011 @ 6:50 am In Money Watch | Comments Disabled

Tyler Durden
Zero Hedge [1]
Jan 8, 2011

Ever wonder where all the money for equity inflows came from? Here’s the answer: with all the money saved from participating in the Supplemental Nutrition Assistance [2]Program, better known as foodstamps, which in October hit a brand new record, 43.2 million Americans decided to join in on this “wealth effect” they had been hearing so much about and buy Apple stock. After all 190 hedge funds are doing [3]it: and there is no way that 190 hedge funds can possibly be wrong. As a result, the chart below shows our nation’s pending wealth effect in its full glory. Just think: 43.2 millionaire in waiting. Just consider the guaranteed explosion to money velocity…

Food Stamp Usage Hits New High Of 43.2 Million  food%20stamps 0 [4]

Stock up with Fresh Food that lasts with eFoodsDirect [5]

Food Stamp Usage Hits New High Of 43.2 Million  101210banner4 [6]

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URL to article: http://www.prisonplanet.com/food-stamp-usage-hits-new-high-of-43-2-million.html

URLs in this post:

[1] Zero Hedge: http://www.zerohedge.com/article/food-stamp-usage-hits-new-high-432-million

[2] Supplemental Nutrition Assistance : http://www.fns.usda.gov/pd/29SNAPcurrPP.htm

[3] 190 hedge funds are doing : http://www.zerohedge.com/article/apple-now-held-190-hedge-funds-and-other-groupthink-observations

[4] Image: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/havenstein/food%20stamps.png

[5] Stock up with Fresh Food that lasts with eFoodsDirect: http://www.efoodsdirect.com/2010-holiday-special/?aid=14&adid=48

[6] Image: http://www.stansberryresearch.com/pro/1011PSIENDVD/PPSILC35/PR

[7] On Charles Ponzi Day We Celebrate Another All Time Record In Food Stamp Usage: http://www.prisonplanet.com/on-charles-ponzi-day-we-celebrate-another-all-time-record-in-food-stamp-usage.html

[8] Food stamp use rises to record 45.8 million: http://www.prisonplanet.com/food-stamp-use-rises-to-record-45-8-million.html

[9] US food stamp list tops 34 million for first time: http://www.prisonplanet.com/us-food-stamp-list-tops-34-million-for-first-time.html

[10] U.S. Food-Stamp Use Reaches Record 45.8 Million, USDA Says: http://www.prisonplanet.com/u-s-food-stamp-use-reaches-record-45-8-million-usda-says.html

[11] Obama Spends 3 Million to Increase Food Stamp Rolls: http://www.prisonplanet.com/obama-spends-3-million-to-increase-food-stamp-rolls.html

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