Same side of the same coin

it just that the federal reserve

is evil and lies!

Food-Stamps Reach 33.8 Million in April,

5th Consecutive Monthly Record

The record hit parade keeps right on rolling.
Earlier today, in Continuing Claims Soar by 159,000 to New Record; Initial Jobless Claims Skewed By Autos I noted The peak in initial claims might be in but the peak in unemployment has not. Moreover, reported continuing claims hit 6.883 million, setting a new all time record. However, the real number of continuing claims is closer to 9.4 million on account of extended benefits via the Emergency Unemployment Compensation (EUC) program as detailed in the above link. I hope to have charts of this phenomenon later today or tomorrow. Unsurprisingly another record was broken today and that is a record for food stamps. Please consider U.S. Food-Stamp Recipients Reached Record 33.8 Million in April.

But the government, wall street and the fed say

Fed’s Bullard Says He Doesn’t

See Recovery Faltering
By Steve Matthews and Kathleen Hays

July 9 (Bloomberg) -- Federal Reserve Bank of St. Louis President James Bullard said he doesn’t expect a U.S. economic recovery to falter or central bankers to make errors in their policy on inflation.

“We are going to have just the right policy to get the right inflation rate,” Bullard said today in a Bloomberg Television interview. “I do not buy into the stories about the Fed making a mistake one way or the other going forward.”

Who's definition of "the right policies" is he using? When you have been working hard all your life and your retirement disappears and you have to go on food stamps that is the right policy for wage slavery. The right everything for the depression now. These are the same jackasses that got us into this FU*KING SH*T in the first place and NOW they know what they're doing and how they're going to get us out of this mess. Ask yourself where were then doing for the last 10 years while they were designing this economic crisis!