![]() ![]() Millions of American families could face a sparse holiday table when food stamps benefits get reduced in November, and that could be just the start of deeper cuts to the program to feed poor families. This is certainly not going to put those living in poverty in a good mood… NBC News is reporting that ALL food stamp recipients are going to have their food stamp benefits reduced in November. Could a similar thing happen in this country? Wherever “austerity” has been tried in Europe, it has resulted in protests and riots. early next year and food stamp benefits are temporarily cut off completely? So what would happen if we have another “debt ceiling crisis” in Washington D.C. And considering the “mini-riots” that we witnessed earlier this month when the system that processes food stamp payments went down for a few hours, it is obvious that a lot of food stamp recipients can very easily be pushed over the edge. Most of them will just be very upset that the government is “taking money away” from them. But most of the people that are having their benefits cut will not understand this. The reason that this is happening is because a temporary boost to food stamp benefits that was put in during the last recession is expiring. Needless to say, a lot of them are going to be very angry when they discover that they cannot buy as much food for their families anymore. In a recession where consumer spending is plummeting, foreclosures are rampant, workers are losing jobs, credit is tight and markets are strained, some are warning about a worst-case scenario.Ĥ7.6 million Americans are about to have their food stamp benefits cut, and most of them have absolutely no idea that it is about to happen. “He added that violent protests could break out in countries worldwide if the financial system was not restructured to benefit everyone rather than a small elite,” London’s Guardian reported. “ocial unrest may happen in many countries – including advanced economies” if the economic crises are not properly dealt with, Strauss-Kahn said. Incidents of economic collapse, terrorism and disruption of legal order could require deployment of forces within the U.S., it said.Ī “strategic shock” could require the nation to use “military force against hostile groups inside the United States.” “Widespread civil violence inside the United States would force the defense establishment to reorient priorities in extremis to defend basic domestic order and human security,” the War College study states. Army War College’s Strategic Institute reported. troops may be used if needed to quell protests and bank runs during an economic crisis, the U.S. In a revealing interview, Trump predicts a ‘massive recession‘ ![]() The bankers assure us that these financial instruments are far less risky than they sound, and that they have spread the risk around enough so that there is no way they could bring the entire system down.” Globally, the notional value of all outstanding derivatives contracts is a staggering 552.9 trillion dollars according to the Bank for International Settlements. national debt, and it is a ticking time bomb that could set off financial Armageddon at any moment. That is an amount of money that is more than 13 times the size of the U.S. banks collectively have more than 247 trillion dollars of exposure to derivatives contracts. banks have become entangled in, despite assurances to the contrary: The scary part is that we are all exposed to the enormous derivative risks that the biggest U.S. economy was on the verge of a “very massive recession” hit a wall of skepticism on Sunday from economists who questioned the Republican presidential front-runner’s calculations.Īs with all forms of gambling, derivatives trading carries a certain amount of risk. WASHINGTON – Donald Trump’s prediction that the U.S. Trump’s ‘massive recession’ forecast stumps economists ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |