bubble

#Illegals Dwarf American Households in #Welfare: “ #Obama Seeking $17K For Every Illegal Minor”

May 9, 2016 by mac slavo

Who exactly is the burdensome, broken and disturbingly unsensible welfare system being run for?

A new study found that both illegal and legal immigrants, who typically work low wage jobs, receive more in government assistance each year than struggling American families do.

via the Washington Examiner:

Illegal immigrant households receive an average of $5,692 in federal welfare benefits every year, far more than the average “native” American household, at $4,431…

The Center for Immigration Studies, in an analysis of federal cost figures, found that all immigrant-headed households — legal and illegal — receive an average of $6,241 in welfare, 41 percent more than native households. As with Americans receiving benefits such as food stamps and cash, much of the welfare to immigrants supplements their low wage jobs.

The total cost is over $103 billion in welfare benefits to households headed by immigrants.

Not only is this staggering cost a source of contention with American taxpayers, but it is something of a hidden boon for corporations who can get away with paying workers, many of whom are illegal, less money in wages because their livelihoods are being supplemented by welfare.

For traditional non-immigrant families, it is a double blow to an economy that has forced many native Americans on welfare as well while they watch good jobs slip away and an increasing number of desperate people from all backgrounds race to the bottom.

Though there are many employers benefiting from government largess, Walmart is the classic example of the company that pays its workers minimum wage, only to encourage them to apply for food stamps and other welfare benefits – which are largely then spent inside their own store walls.

But worse than the already over-sized dependence upon the federal government by new arrivals and undocumented immigrants, is that the pace set by the amnesty president who clearly wants to break the system Cloward-Piven style.

Obama is apparently calling for a huge increase in welfare benefits for minors, who according to the Washington Examiner, are often being used by their illegal immigrant parents for household income:

The new report follows another that found President Obama seeking $17,613 for every new illegal minor, more than Social Security retirees get.

While millions of average citizens are struggling and watching the American dream die in front of them, the government is doing all it can to break the back of the real economy, and hand off money from the dole to the very competing workforce that is undermining the effort of Americans just to make it and hold on to what they have.

Stay vigilant, the squeeze is on.

Why Is Obama Encouraging Illegal Immigration When We Can’t Take Care Of Millions Of Our Own Citizens?

This Is How Bad The Economy Really Is: “Walmart Customers Are Too Broke To Shop”

More Evidence: Slave Labor Not Cheap Enough; Walmart Has Ninth Straight Quarterly Decline in Sales

SHTFplan and Mac Slavo www.shtfplan.com

Already Under Crushing #Debt, #Arizona College Forces Students to “Fund #Illegal Immigrants”

April 8, 2016 by mac slavo

Will students at colleges across the country soon be forced to pay for the higher education of illegal immigrants, even as most will already have to struggle for years to repay expensive and burdensome student loans?

That’s what is happening at Prescott College, a private institution in Arizona, and it could become the trend everywhere.

Unbelievably, as good jobs become more and more scarce, the next generation will be forced to support foreign workers who will also serve as competitors in the market place.

via Campus Reform:

Prescott College in Arizona has decided to charge students a $30 annual fee to finance a scholarship fund for illegal immigrant students.

The fee was originally proposed by students and faculty from the Social Justice and Human Rights program, according to Fox News, and will automatically be added to each student’s $28,000 tuition bill starting next semester unless they take advantage of an opt-out provision.

[…]

Prescott College is a private institution, and does not receive either state or federal funding, but some experts warn that the school may yet face pushback over the new fee and scholarship, even as it seeks to bolster the fund through private donations.

College campuses have become sanctuary grounds for many undocumented immigrants seeking a better life, and liberal academics and students have often been willing to back their interests.

But for the average student legally born in this country and attempting to build a better life, it is a slap in the face from both sides – as mandatory contributions for scholarships to illegals pile onto the extreme levels of debt that education imposes, all while the competition for decent employment becomes stiffer.

“It is beyond absurd that this college is going to force all the students to subsidize the education of a student who is in the country illegally,” added Jessica Vaughn, director of policy studies for the Center for Immigration Studies. “It’s a shame these students and faculty don’t have the same drive to help some of their fellow citizens who can’t afford college and who are forced to compete with illegal workers for job opportunities.”

“At a time when student loan debt is over $1 trillion it is irresponsible for Prescott College to offer this privilege at the expense of other students,” Andrew Kloster, a legal fellow at the Heritage Foundation’s Center for Legal & Judicial Studies, told Fox News. “While the dollar amount seems small per student, the fee does send a message to potential donors to Prescott College that the administration is less concerned with sound financial management than it is with making a political statement.”

Like President Obama, these colleges have put a premium on a protected minority group at the expense of ordinary Americans who have seen their living standards decline significantly with economic decline and globalization.

At what point does the plight of the American aspirant become as a important as a “special” group that has been favored by politically motivated interests on campus, and what does that mean for the quality of “education” at such an institution?

Why Is Obama Encouraging Illegal Immigration When We Can’t Take Care Of Millions Of Our Own Citizens?

Owned: How Student Loan Debt Is “Producing a Perpetual Serf Class”

Immigration End Game Revealed: New Law Would Give Illegal Immigrants The Right To Vote, Collect Government Benefits

SHTFplan and Mac Slavo www.shtfplan.com

The Bubble Will Burst, But #Fed Is Waiting For Politics “With #Trump Lurking Around”

March 24, 2016 by mac slavo

It’s no conspiracy. The music will soon stop and the economy will take a big hit when the bubble bursts – even the timing has been chosen.

The Fed has been pumping easy money and buying time with future pain for years now, but the worm is turning. Only, the turn is taking a pause so as to avoid helping – yes – Donald Trump and his bid for the presidency.

SHTF just reported on the startling revelation that not only has quantative easing changed the financial landscape in the wake of the 2008 financial crisis, but it has been directly responsible for a full 93% of market action since that time.

The Federal Reserve is a leviathan if there ever was one. Even its whispers float boats and sink ships. Easy credit has gone so far beyond the logical extremes, and the proverbial roadrunner has pointed out that we are all hanging out over a cliff.

Contracting the money supply (by raising interest rates) is the snap reaction, but it will hurt. So they are prolonging the pain in order to shift the blame and distract everyone from the real problem as much as possible.

Like everything else, it is now somehow Donald Trump’s fault. This time, because the Fed is a in a position where it supposedly “can’t” raise markets and stabilize the economy.

Via the New York Post:

Like it or not, the Federal Reserve will play a big role in this year’s presidential election.

The Fed last week pulled back on its economic outlook for 2016 and beyond. […]

The upcoming election and, especially, the surprising strength of Donald Trump also make it almost impossible for the Fed to boost rates. If Trump gets elected, the Fed will almost immediately be hit by audits that will reveal lots of secret, sinister things.

So Fed Chair Janet Yellen and her fellow central bankers can’t do anything — like raise the cost of money — that might slow the economy down and give Trump a better shot at winning the presidency.

[…]

But then the Fed gets boxed in by politics, especially because of Trump. Even though it eased policy in a controversial move right before the re-election of President Obama, the Fed will probably use the November election as an excuse to freeze policy until after the vote. It doesn’t want the economy to weaken or, worse, the stock market to tank.

Wow.

Sounds like the Fed, which so often claims not to be political, is admitting to the political weight of its station – which is, incidentally, private and quite powerful indeed over American life. The “politics” are over calls to make it accountable, a task which is apparently insurmountable and somehow detrimental to economic stability, itself a fragile ghost.

The Federal Reserve’s power over monetary policy and the power it derives from issuing currency to the nation at interest are at the heart of why former Congressman and presidential candidate Ron Paul has called for auditing and ultimately ending the Fed:

Allowing a secretive central bank to control monetary policy has resulting in an ever-expanding government, growing income inequality, a series of ever-worsening economic crises, and a steady erosion of the dollar’s purchasing power. Unless this system is changed, America, and the world, will soon experience a major economic crisis. It is time to finally audit, then end, the Fed.

Donald Trump, who has proven to be a lightning rod on all issues, has pointed out that Janet Yellen is likely holding off on raising rate because it is clear from basic policy dynamics that the massive recession that has built up like a puss-filled sore would burst, and in turn, Obama’s Administration would appear culpable for the decline.

Instead, Trump has charged, the Fed is putting that off in order to avoid giving his candidacy a boost – nevertheless, the recession is probably inevitable, and a clear result of Federal Reserve monetary policy.

Yellen is “keeping the economy going, barely,” Trump told The Hill. “The reason they’re keeping the interest rate down is Obama doesn’t want to have a recession-slash-depression during his administration.”

He added: “Janet Yellen is highly political and she’s not raising rates for a very specific reason: because Obama told her not to because he wants to be out playing golf in a year from now and he wants to be doing other things and he doesn’t want to see a big bubble burst during his administration.”

They’ve got everyone at gun point, but the gun is concealed, and they won’t let anyone looking in their pockets or question their moves.

‘Don’t anybody get political around here, or the economy gets it…’

The problem with gun control is that criminals don’t follow the laws, and the rest of the economy is totally disarmed and unable to do anything about the hostile actions of the nation’s central bank, save the few who have a bit of gold or silver to turn to. This is economic autocracy in action.

Ron Paul: Unless the Fed is Stopped, America Will “Soon Experience Major Economic Crisis”

“Fed Risks Triggering Panic and Turmoil”: World Bank Warns Against Raising Rates

Federal Reserve Insider Alan Greenspan Warns: There Will Be a “Significant Market Event… Something Big Is Going To Happen”

Proof It Is Rigged: “Fed Moved 93% of Entire Stock Market Since 2008″

SHTFplan and Mac Slavo www.shtfplan.com

Schiff: Obama Caught “Peddling Fiction” to Hide Pre-Election Recession

March 10, 2016 by mac slavo

Despite the extent to which the officials in the White House, and the talking heads in the media and on Wall Street deny that the economy is faltering, it is this very issue that is driving voter outrage in the direction of Trump and Bernie.

It’s the jobs, stupid!

And since Obama can’t fix it, he’s lying about it to maintain appearances.

Because so many have become so ill-adjusted to the unforgiving job market, there is great talk about why our national policy is directed towards destroying employment, income, savings and the American dream in general.

After 8 years, it is a problem that Obama may have inherited, but will now have to own.

Peter Schiff claims that:

In his seventh, and final, State of the Union address this January, President Obama, clearly looking to bolster his legacy as the president who vanquished the Great Recession, boldly asserted that “Anyone claiming that America’s economy is in decline is peddling fiction.” Unfortunately for the President, more and more Americans seem to believe (with an adequate basis for proof) that the fiction is emanating from the White House.

It’s hard to imagine how anyone can really assert with a straight face that the economy is currently “strong.”

[…]

Companies have been incentivized to cut their full-time work force… The view from the street looks quite different, as workers prefer one good job to several bad ones. This is why rallies for Donald Trump and Bernie Sanders are so well-attended. The underemployed are fed up with platitudes from the elites and they flock to these outsider candidates, who seem to understand their pain.

Never mind these two as individuals, but what they represent as symbols. Americans are completely fed up with establishment – and they aren’t ready to accept being pushed back in for another round.

I don’t expect that the President will ever officially acknowledge that the economy has weakened, let alone relapsed into recession. He has walked out too far on his rhetorical branch to walk it back. As a lame duck, he really has no incentive to do so.

The Obama White House has been hiding an economic holocaust during his two terms. Symbolically elected to dispose of the mess created by George W. Bush’s administration and the economic collapse that was engulfing people already drowning in debt.

Instead, he has cheered on the illusion that “recovery” is near, while the bankers have accumulated more wealth than ever, and are waiting for the next wave of the crash to come down on the population.

Meanwhile, critics have accused Yellen – publicly very silent about policy decisions – of timing the blow of the recession.

The recession itself is presumably inevitable, but the announcement and reaction to it could change the major issues of the election cycle, and potentially swing even more votes into those camps who are running as anti-establishment. Trump has previously accused the Fed of waiting to raise rates in order to avoid embarrassing Obama:

But Janet Yellen is in a very difficult spot. If she continues to ignore the growing signs of recession, she runs the risk of letting one develop prior to the election. This would favor the Republican challenger, whether that is Donald Trump or Ted Cruz, neither of whom would be inclined to reappoint her as Fed Chairwoman if elected. Allowing the Greenspan bubble to bust on Bush’s watch sealed John McCain’s fate, allowing Obama to ride a wave of voter outrage into the White House in 2008. Yellen does not want Trump to catch a similar wave in 2016.

As a result, I expect the Fed to soften its rhetoric in the very near future.

As Schiff himself has pointed out many times before, the entire situation is made worse by the prolonged and belabored attempt at cushioning the impact. For better times to be had by all, the Fed out to stop propping up a market of speculators driving a bubble in real estate and other over-priced assets.

Since that isn’t going to happen, pay attention to the handling of the “political football” as Obama & co. try to pretend that job growth is happening and stability is here to stay.

Ron Paul: Unless the Fed is Stopped, America Will “Soon Experience Major Economic Crisis”

NYT Jokes About Trump Assassination: “Good News I’ve Figured Out How Trump Campaign Ends”

SHTFplan and Mac Slavo www.shtfplan.com

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