welfare dreams

WELFARE DREAMS
I can't remember who pointed this fun fact out to me, but in the last sixteen weeks as much money was created as was since the Federal Reserve Bank started devaluing the dollar in 1913. And that is before Obammy's TARP II is passed. Yet no one is panicking. The shelves of supermarkets are not being laid bare under an orgy of emergency food shopping. I've seen more merchandise being moved at the start of hunting season than is leaving the camping section right now. More people are buying ammunition because Obammy got elected than because inflation is about to explode ( okay, I'm only guessing on that one- but why is rimfire disappearing? ). I've already said you should be more worried about food right now than ammunition, but I think we've already established that no one listens to me. Did you buy junk land when it was under a grand a lot? NO. Now, if you are lucky, you live near BLM land where you can park for two weeks and then must move twenty miles away and start all over ( yes, enforcement will be spotty, but you should apply Murphy's Law ). Of course, if you are unemployed and homeless than good luck getting the gas to move. If the car doesn't break down. It would have been easier to just buy the land.
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As we are collectively pushed from the frying pan into the fire, the welfare system is going to start breaking down. Oh, no doubt the checks will continue to come in. But they won't buy much. Hyperinflation will be ten percent a month ( perhaps "hyper" is too strong until the inflation rate is thousands or millions of percent, I'm just using it here to differentiate from our "normal" 3-7% a year official rate ) yet the government will back out food and energy and only adjust the cost of living allotment by the core rate of, say, one percent. I remember one customer I met in Florida while managing the Stop And Rob who was from the UK. His pension was something like $65 a month. Granted, this was pre-housing bubble and you could rent a trailer space for under $200 if you lived next to the ghetto. And I'm sure when he started working that amount was enough for a modest survival if your home was paid off. But it does illustrate inflation on a pension system. And how about those poor bastards over in Russia? Their pensions were adequate when rent and food controls were in place. Soon they wouldn't buy much of anything. Thank you, comrade, for saving us from the Nazi's. Now go freeze in the snow.
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I consider Social Security a form of welfare. Don't get all uppity on me, I understand you worked all your life paying into the system. But no money was ever put aside, and payments to you are taken out of my paycheck. To me that's welfare. If I got my cut of the loot, I'd feel different. I've said before, given a chance I'll receive Social Security myself. But I won't lie to myself or my kids and pretend its a retirement system. It is geriatric welfare. It was embarrassing when Gore and Bush were bleating over the alleged "lockbox" of the system. Even more embarrassing was people fell for it. It has been a Ponzi scheme from day one. What about other welfare? Food Stamps and unemployment. Unemployment is already in trouble in a lot of states. And even before the Greater Depression started, ten percent of the population was on Food Stamps. The numbers will rise slower than Social Security, but only because we are starting to see the Baby Boomer waves start to retire. And the lack of workers for applications might not be reversed fast enough, so the numbers don't look as alarming ( if the Web site for the unemployment office crashes, fewer applications that week ).
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But, regardless of details, the same inflation numbers will make most checks next to worthless. They can claim to be helping out those in need, but it will be more of a bitch slap than a helping hand. As more and more folks lose their jobs and homes, who helps out family members that are only getting these crappy checks from welfare? We are losing our only two support systems, welfare and family help. Caught between a rock and a hard place. Don't count on either one, but on your own preparations.
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