Why is it Americans can't say the word "Depression"? Here's a reality trigger to wake you up! A good percentage of people are on food stamps --- known as the EBT Card which is the modern-day food line. In 1969, the average participation in the SNAP program stood at 2,878,000. In 2014, average participation grew to 46,536,000 showing an increase of 1516.96 percent. ruffly 20% of the population is on food stamps.
source: Food Stamp Beneficiaries Exceed 46,000,000 for 38 Straight Months
Democrats keep saying how great the US is doing and how it has recovered under the most socialistic president in US history.. All we have to do is look at the real unemployment figures to understand this is no recovery nor is it a recession - the unemployment is depressionary. the economy descended from essentially full employment in 1929 when the unemployment rate was 3.2 percent into massive unemployment in 1933 when the unemployment rate reached 25 percent.
This graph shows the real unemployment in 2015 which is ruffly 23-25% - prior to 1994 this was how unemployment was calculated and included people that gave up looking for work because of the economy so it is not "alternative" it is how unemployment is supposed to be calculated but a Democrat named Bill Clinton changed all that... The unemployment being reported is actually 4 to 5 times worse which is a pretty substantial difference.. Meanwhile... Obama and his supporters are claiming how Obama fixed the economy and put people back to work - the truth is minus 180 degrees opposite of that statement. The Real Unemployment is similar to the Great Depression! Are you awake yet? For black people in the US their unemployment is at 3rd world levels.. Do you still support Obama? God save us!
Neal Vanderstelt - Currency Analyst