As of this week fully 25% of American households – about 48 million people – are dependent on government food stamps to put food on the table.
The system is plagued with fraud on every level. Food stamp scams are rampant, with recipients often off-loading their monthly electronic benefit transfer cards for cash value. Mega lobbies spend tens of millions of dollars a year just to keep the pump primed and the funds flowing so that companies like Walmart and 7-11 can keep their revenues up. Big banks, including behemoths like JP Morgan, are cashing in by providing the processing facilities to make it happen.
It’s a racket.
There are hundreds of billions of dollars on the line every month and as an American taxpayer you are paying for it all.
Watch the following micro-documentary from Future Money Trends and prepare to be shocked by how deep this goes.
This type of welfare has made American companies and citizens dependent on aid.
With Obamacare forcing companies to reduce the hours for employees, we can only imagine how many more millions will need government assistance, something that will be built into their lifestyle regardless of if they actually need it or not.
The middle class is caving in right before our eyes.
As you can see, everyone from consumers, to businesses, to banks are now creating businesses and lifestyle models dependent on government assistance.
When will it ever stop?
Earlier this week Congressional Republicans passed a bill that would eliminate food stamp loop holes, requiring adults between the ages of 18 and 50 without minor children to find a job or enroll in a work training program in order to continue receiving benefits. The move was immediately rejected by Democrats and social aid groups, who claimed the new regulations would force millions of people into poverty.
If this new measure were to make it through the Senate and the President’s desk (which it likely won’t), millions would be thrown into poverty according to opponents.
Now consider what happens when the government of the United States hits a brick financial ceiling, where they can no longer dole out these funds. Or, we continue to print more money keeping the food stamp system operational, but insufficient with respect to supporting the needs of recipients because the price of food goes through the roof.
Fifty million dependents would immediately run out of the ability to use these cards for food (or extra cash if they are reselling them).
It should be clear.
There will be riots on the streets of America , likely turning to looting as people hit back at the system that is no longer providing them the welfare they need.
When the Food Stamps stop all hell will break loose.