#596: The Edge Of An Economic Cliff

You know things are bad when nobody is going to Las Vegas, but that is just the tip of the economic iceberg, and the over-taxed American consumers have tickets aboard the Titanic. Warren Buffett is selling equities and stockpiling cash as a hedge against uncertainty, as well as future bargain hunting after the economic collapse decimates Western society.

SNAP benefits have been intergenerational in many cases, with entire family trees built upon complete government dependence and free handouts. With yearly totals exceeding $100 billion in the United States for food programs, and more than nine million Americans on Section 8 government assistance, the Ponzi seems to be coming to a conclusion, and they never end well.

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