Austerity Effects…

I spoke to a Taxi-driver yesterday, about the looming financial collapse and the changed bank rules (See: http://www.fdic.gov/about/srac/2012/gsifi.pdf ) or read my post: Banks OWN Depositor’s Funds!
The Taxi-driver was shocked, but hopefully I was able to calm his fears and he will research it further as well as discuss it with other passengers, friends and family. Will you share information with your contacts?

Here is a report from ZeroHedge
http://www.zerohedge.com/news/2013-04-24/working-poor-spark-170-increase-britons-needing-food-handouts-past-year

“Working Poor” Spark 170% Increase In Britons Needing Food Handouts In Past Year

While the dismal news of endlessly rising food stamp recipients in the US seems to be glossed over by most of the media because, well, stock markets are at all-time highs, in Britain, things are becoming increasingly awful. As the FT reports, the number of people receiving emergency food rations has surged from 130,000 to almost 350,000 in the past year. As inflation eroded incomes and government austerity pushed hundreds of thousands into crisis, the ‘working poor’ has emerged. The food bank provider estimates about half of the households it helped has at least one person in work. During the Great Depression, the desperation was graphically evident with long lines of families waiting for soup; in the new depression, the record levels of starving and needy are hidden by a blanket of EBT cards and direct transfers from government. The situation is no less terrible – no matter how hidden from view. As one food bank manager noted, “the fundamental thing is that more and more people are living an increasingly precarious life financially.”

Via The FT,

The 170 per cent surge in demand for food handouts will fuel debate over the impact of government austerity on poorer households, amid concerns about the effect on demand as consumers cut back on everyday spending.

For policy makers, the high proportion of emergency food going to working households illustrates the wider trend in the post-recession job market, where many new jobs are part time, temporary and low paid – meaning even those in work sometimes struggle to put food on the table.

“There was a real shock with one group [of donors] at the concept of the working poor… We know many people who are doing everything they can; they’re in a job, they can’t find another job that pays more, they’re paying rent, water, council tax, electric, and they honestly struggle to buy food for their family.”

On food bank manager noted… “We are being so pressured to fill the gap that is now being created by the welfare reforms – and we’re not that. We are meant to be short-term help.”

“the fundamental thing is that more and more people are living an increasingly precarious life financially.”

_______________________________________________________

About

Want Worldwide PEACE and Prosperity. We are the solution we have been searching for... Free People on Earth will solve our crisis and create an era of Creativity. Be Aware; Be Creative; Be Active; Be Free; and then Share it. LOVE & Wholeness AMOR y Paz

Tagged with: , , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in Freedom-Expressed
One comment on “Austerity Effects…

Please Contribute a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 383 other followers

The Worldwide Awakening
Peaceful Awareness & Knowledge Based TransitionSeptember 11, 2017
Exercise freedom and creativity for all Earth’s inhabitants to explore ready breakthroughs in Self Organizing Communities, economics, and technology. This is a D.I.Y. project
State Sponsored Terror
The Big Day ReportMarch 30, 2018
Institutions of crime Big days have come, gone, and come again (Manipulations: Market Exchanges crash, wars, government Elections, and Taxation). Search for what is hidden and for what is not spoken. What secrets are hidden in Antarctica? Be Aware of the next big Day for fraudulent institutions.
RonMamita
Peace Today

Peace Today

RonMamita’s Blog
April 2013
S M T W T F S
 123456
78910111213
14151617181920
21222324252627
282930  
All posts here
Whole-Community
Audio coming soon!
%d bloggers like this: