patrick.net

Bomb the bankers laundering the $250 billion in drug money flowing through the US financial system on a yearly basis.

During the Housing bust, Bernanke talked Congree into letting the Fed pay interest to the banks for keeping reserves at the Fed. At the time the Fed fund rate was about 1% and there was about $600 billion in reserves, Now there is about $6 trillion in reserves with an interest rate about 4%. This is about $120 billion in free money to the banksters annually.

You think the niggers will behave badly having their EBT cut off. Just wait until you try cutting off the Banksters free money.

Snap is why Groceries are 50% to 70% inflated, because SNAP recipients don't have to price shop. More and more lower middle class families are having to make hard choices in the grocery isles. While SNAP recipients just reaches over their shoulder and buys that $8.00 of Mayonnaise, $10 Chicken and $9 eggs and 17.99 lb stew meat.

The Grocers are the true SNAP benefit recipients.

Now is a great time for Trump to do two power moves to fuck the Democrats. I would get with all of the Republicans tell them to chill out while he goes and just authorized the FDA to go ahead and continue the SNAP program as business as usual. And while he's at it, go ahead and fund the military. Come on we all know, it's not like the US government bank account is empty and they have to make a deposit every month to cover it.

That would make the Shitfuck Libturds SUE Trump to stop it. That would be a very bad look and would win over what is left of the Democrat black vote to full MAGA.

Then as I said before, I would rebuild the program to be more like how it was in the 70's. When poor families would have to go to a food bank and pick up generic sacks of rice, beans, big ass block of government cheese, and other items from the classic food pyramid(get rid of that MyPlate big Mike imposed). I would make the food assistance program, a partnership with the producers to produce generic bulk items, that the government hands out to families with proper vetting to get it.

This would kill the model of every fucking neighborhood cut rate grocery store charging Publix and Wholefoods prices, because they have captivated government dole buyers. At the expense of working families that has to do without more and more every month.

I only hope to God that the Democrats are so fucking stupid that they allow the shutdown to continue for a good month or so.

I bet we will see grocery store prices tank, we will see many alternatives to get families groceries that needs it. The faith based and philanthropic efforts to feed the poor. There already is many food banks out there, which I have also said in the past. Also helps keeps food prices inflated. Feeding South Florida, makes Publix expiring food stock disappear. So rather than the classic business model where a grocery store has monthly and weekly specials to clear out expiring products. They hang on to them until they expire, then they are donating them to local food banks. Allowing Publix to write off 100% at face value of the original retail. I think the grocery stores can still do that, while lowering costs substantially.
No SNAP for retail would be just the thing to reform the program. It would take the greedy grocers out of the equation.

I was promised SNAP riots!

Where the fuck is my TV footage of 400lb Shaniqua smashing through the glass doors of "we accept EBTs!" Denny's?

One reason for Democrat apparatchiks to go full throttle on mobilization with voter registration and mail in ballot canvasing for the midterm election. They are going to push Trump to return to Biden era policies not only on Affordable Care Act subsidies but also student loan forgiveness.

Student Loan Delinquency Rates (2025)
• Serious delinquency (90+ days past due): 12.9%
• Delinquency among borrowers with payments due: 31% are at risk of default
• Pre-pandemic comparison (Feb 2020): Only 11.7% were delinquent (90+ days past due)
(it was 5.8% in 2024 when payments resumed)

What’s Driving the Spike?
• End of pandemic-era relief: The federal moratorium on student loan payments ended in late 2024, and missed payments are now being reported to credit bureaus
• Economic pressures: Rising living costs and stagnant wages are making repayment harder for many borrowers
• Lack of awareness: Some borrowers didn’t realize payments had resumed or were confused by new repayment plans

HUD section 8 should be ended. I know several people who scam the system so they get HUD to pay 90% of their rent.

I read this morning in the Boston Globe that 1 in 8 Americans rely on SNAP. I also know anecdotally that the local food pantries have seen increased demand.

It makes one wonder, are we in a recession or possibly even a depression but it's been papered over with direct government assistance (instead of bread lines) and an AI stock market bubble making the economy looking better than it really is?

clambo says

HUD section 8 should be ended. I know several people who scam the system so they get HUD to pay 90% of their rent.

How the hell do you do that?

GreaterNYCDude says

I read this morning in the Boston Globe that 1 in 8 Americans rely on SNAP

I think that is more an example of accumulated fraud than a recession.

GreaterNYCDude says

It makes one wonder, are we in a recession or possibly even a depression but it's been papered over with direct government assistance (instead of bread lines) and an AI stock market bubble making the economy looking better than it really is?

True, as they have to keep government spending propped up to avoid an outright depression. It looks like Trump realizes this, but he's trying to reduce the rate of spending increases while growing the economy in order to ultimately reduce debt load like debt service as a percentage of tax revenue, and debt to GDP ratio.

I think its different now as the companies benefitting from the AI spending boom are making a profit, unlike a lot of the dot com companies back in 1999. However, many companies survived that bubble burst like Ebay, Amazon, Oracle, Cisco, Dell, Microsoft, etc. Just look at how Google stock has increased by about 45% year to date, and has a solid earnings history.

Just like a lot of good came out of the dot com era with Dell, Ebay, etc., a lot of good will come out of the AI spending boom.

I remember how big of a thing it was getting DSL back in 1998 for my desktop computer I bought at a weekend computer fair in Centreville, Virginia.

GreaterNYCDude says

It makes one wonder, are we in a recession or possibly even a depression

we are in a recession or depression only if the media decides to call it that. It has nothing to do with the fake econony numbers.

So, Trump is going to enter the "Free Money" contest. He's now proposing $2k to everyone (except the rich) from the proceeds from the tariffs.

He forgot Rule 1: Never get in a "Free Shit" fight with commies.

https://t.me/JulianAssangeWiki/4683

Misc says

So, Trump is going to enter the "Free Money" contest. He's now proposing $2k to everyone (except the rich) from the proceeds from the tariffs.

He forgot Rule 1: Never get in a "Free Shit" fight with commies.

As if he never engaged in it before, LOL.

https://sukwan.substack.com/p/monday-memes-17a

Boy do I miss the SNAP benefits firehose of Trump 1.0, when I used to buy cavier with my food stamps. Yes, really.

In March of 2020, due to some worldwide shutdown over an allegedly deadly virus, my job editing and publishing financial transcripts went away. I did what I had been encouraged to do in this situation, which is file for SNAP benefits. With my two children living with me my base amount was maybe $600 per month, but then they added on insane extra money for the kids: extra benefits for school lunch programs which kids couldn’t attend and special summer spending allowances which seemed to bring my total to more than $1000 every single month just for food. I had no idea how to use all of this money on food in a month. In part due to the unprecedented shutdowns food prices also went into a short lived summer of 2020 deflation.

I became creative with my SNAP benefits and tried many foods usually out of my price range. Me and my daughter sampled every exotic cheese that we could find. ...

I made a full on feast for my niece’s 5th birthday in Toledo with prime cuts of steak, lobster and oven roasted salmon. I hosted a cookout with my friend in St. Louis where I made the fanciest sushi that I could come up with. Truffles (along with many other exotic types of mushrooms), escargot, frog legs and uni were all on the menu, sauteed (or not) in the finest and most appropriate cooking oils from EVOO to coconut to sesame to mustard seed to black seed oil. ...

Ceffer says

https://t.me/JulianAssangeWiki/4683

This is medicinal grade Hopium

About 14% of federal income taxes collected come from capital gains. There are no plans in place if this free money disappears if/when the market goes down. It gets even funnier with some state finances like California relying on capital gains for about 16% of its tax revenue. Democrats don't know how to cut government spending, so other taxes would have to go up substantially.

Capital gains is just free money based on the whims of the markets.

BTW, Medigap Types C or F aren't available if you turned 65 after 2020

And Medigap no longer can offer drug coverage since 2005.

https://x.com/ImMeme0/status/1987856104500367737

Man shows his local grocery store where everything is suddenly on sale.

Guess, the missing SNAP benefits have created a glut of inventory, causing prices to drop overnight.

https://cognitivecarbon.substack.com/p/what-does-iq-have-to-do-with-snap

What does IQ have to do with SNAP benefits, the end of money, and robots?

... Let’s now consider how IQ and SNAP benefits fit into this whole picture.

Jordan Peterson gave a talk in San Francisco seven years ago...

The gist is that the U.S. Army, over many decades, has determined—after trying very, very hard to find ways around this obstacle—that there is an IQ threshold of 83, below which they simply can’t train potential recruits for any meaningful job in the Army.

Given that some of the work in the Army is simply peeling potatoes in the mess hall for dinner, that’s a worrisome statistic. Jordan has reiterated this “useful work” floor relative to IQ several times in the years since, and these ideas are backed up by extensive research in Psychology.

So, what does it mean to US society that there is potentially an IQ threshold of 83 below which most people will be unable to do essentially any useful work and hold jobs?

In a population of 330 million, it means that 10-12% of the population — as many as 40 million people — fall below the IQ threshold and are effectively unemployable. Not because they don’t want to work, but because they aren’t trainable.

This is a harsh fact that we can’t just walk past.

This fact is the reason that we have so many people on EBT and SNAP welfare programs, among others—aside from the fact that millions subsisting on these programs are also illegal immigrants (and some of those also happen to fall below the same IQ threshold, too.)

Sure, there are also people attached to the teat of the State who are fit and capable of work who choose not to work out of sloth and laziness or a love for Xbox and Communism; but a sizeable fraction of people on these programs are there simply because they fall below this 83 IQ threshold.

The reflexive “get a job!” retort that many Republicans often lean on is entirely valid for those lazy, work-the-system, TikTok ne'er-do-wells who post videos about their abusing the welfare systems—but it doesn’t really hold for a vast majority of the rest. Those people don’t tend to post on TikTok.

The problem of low cognitive ability is not so simple to solve.

Patrick says

The problem of low cognitive ability is not so simple to solve.

Politics offers a pathway.

Hakeem Jeffries is the face of fetal alcohol syndrome, for example.

Patrick says

Guess, the missing SNAP benefits have created a glut of inventory, causing prices to drop overnight.

Yup. Holy crap did some stuff come down.

"Shit, we're not getting 15% of our inventory/products subsidized anymore. Cut prices and get it gone before there's a glut!"

Regarding the IQ thing…

I’d be curious how many of those actually get snap or even live independently. I’d bet the author of that post doesn’t know and I’d also bet that the number is way lower than the author assumes.

I’m guessing since the author incorrectly pulls from the entire US population, ignoring the 70 million plus kids, the author doesn’t even care if their numbers are accurate.

Furthermore, of those that do have iq’s lower than 83, the vast majority are very close to that 83 mark and legitimately are trainable and employable. Why is 83 so important? Because it’s considered the low end of the average iq. So someone with an 80 IQ isn’t inherently unemployable. Also I find it quirky that one could navigate the government support systems, but somehow isn’t smart enough to learn a job.

Anyway, point being that the number of truly low IQ people incapable of independently supporting themselves yet living independently is a quite small number..way more do than this author ignorantly assumes.

Misc says

What other Free Money should be cut off ???

All of it. Free or subsidized housing / medical / utilities / phones / cash.