I just come across the following news...
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Food Stamp Use Soars, and Stigma Fades
MARTINSVILLE, Ohio — With food stamp use at record highs and climbing every month, a program once scorned as a failed welfare scheme now helps feed one in eight (12.5%) Americans and one in four children(25%).
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From the ailing resorts of the Florida Keys to Alaskan villages along the Bering Sea, the program is now expanding at a pace of about 20,000 people a day.
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Well, this is just another Indicator, showing that the economy and the jobless situation in the US is NOT getting better at all. Yet, a very interesting thing is that despite the economy is still bad and with some recent news on Dubai crisis, it does not bring the market to go down at all.
One way to look at it is that the currency is getting to lose it value faster.
Looking from another angle, US is the world largest food producer. It has no problem to supply more food stamps to their own citizens. All it need to do is just to cut back some bio-fuel production or donation to some poor countries.
Unfortunately, there are many part of the world need to import such commodities. And, when the economy is getting worst, then they do not have such a Food Stamp System to feed their citizens... many things would then happen.
Also that regardless of the economy situation, people need to eat for a living... with the world population keep increasing... Currencies devaluing...
So...
Just have a recommendation here: To preserve the value of your hard earned money, put some of them in Commodity ETF to hedge against the hyper-inflation due to high speed increase in money supply.
The following is a Tape-Reading chart of a commodity ETF (DBC).
Bless You
KH Tang
“Vision without action is merely a dream.
Action without vision just passes the time.
Vision with action can change the world.”
- Joel Arthur Barker
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