“There are a thousand hacking at the branches of evil, to one who is striking at the roots.” – Henry David Thoreau, 1846
Institutional trust and confidence continues to unravel as less and less participation, combined with isolation, threatens the middle class. As in all major crises throughout Anglo American history, the weight will be carried on the shoulders of the pragmatic caught in the middle.
The Hidden Crisis
It is unprecedented that 50 million people in the United States rely on food assistance. Or that nearly 50% of all Americans receive some form of assistance from the government.
Jobs and Production
Labor participation has fallen to levels not seen in over three decades.
October 2013 saw, in the midst of a quasi-government shutdown, a sad reality.
Two events surrounding the Electronic Benefit Transfer (EBT) of food assistance stood out. The first was the programs shut down for one day, causing shoppers to abandon grocery carts while in checkout lines. The second was the following week, when card limits were temporarily removed.
The first case was a demonstration of fear, the second one of greed and panic.
The degree of poverty among children is equally astounding. If it were not for electronic transmission of benefits, the psychological profile of the nation would be much more aligned with depression. This scenario is in comparison to the giddy celebration of equity all-time highs or the so-called housing recovery.
Source Gold Seek