Are we going to witness an historical housing price correction amid sharpest rise in unemployment and social tension?...and the minimum you should know in order to protect yourself from this downturn from an economic, stock market and political point of view... with a pinch of humor and sarcasm.
Saturday, 5 April 2008
Food Stamp, Poverty, Media and Propaganda...
"Food stamps are the symbol of poverty in the US. In the era of the credit crunch, a record 28 million Americans are now relying on them to survive – a sure sign the world's richest country faces economic crisis."
"Dismal projections by the Congressional Budget Office in Washington suggest that in the fiscal year starting in October, 28 million people in the US will be using government food stamps to buy essential groceries, the highest level since the food assistance programme was introduced in the 1960s. "
That's pretty surprising, isn't it? Maybe, you have been watching too much the BBC "smart-propaganda" channel and need urgently different sources of information...
Indeed the internet is not only a great tool for finding information, participating in open discussions but it provides you different way of thinking, allows you to be more critical. Let's just hope that organization such as yahoo or Google don't turn up like BBC (which was probably a model when first born then later was used as a pure political tool (we clearly see that with the way they report any news about Zimbabwe, China etc...))
This article although slightly shocking for some, can be clearly related indirectly to the Housing market. The information you are getting through different channels can be wrong or distorted so you need to be more critical and not absorb blindly any information. That's the point I try to make in this article.
Note: this is not an anti American article, I don't fall in those cliché; I am not. There is good and bad in all nation and categorizing "Black and White" certain communities and countries would be a mistake.
Some Finnish media are clearly promoting discrimination by unfairly targeting the minorities such as Romanians or Somalians. Let's just remind that they represent a very small portion of the total immigrant... This media participate in the process of shaping incorrectly the mindset of the most fragile one as well as distorting the view of the most educated one. There is nothing that can be done about it but I encourage people to have different view and have access to different source of information: "Knowledge is Power"
I'm maybe utopic into believing that one day we will be living in societies when all people are equal and where discrimination will disappear but at least I'm really hoping that history taught us lessons and in time of crisis people come together to solve it instead of being against each other...
Source: Food stamps
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