you act as though the white people can help it. But they are telling you now that unemployment keeps mounting and they can do nothing about it.”–

GREETINGS,

    YOU THOUGHT THAT MUHAMMAD WAS JUST TALKING. YOU THOUGHT THAT HIS WORDS AND PROCLAMATIONS WERE JUST BLUSTER. BUT TODAY YOU THEM AND THEY HAVE AND ARE CONTINUEING TO BE PROVEN RIGHT AND EXACT, 100% TRUTH.

   OH’ PRODIGAL SON, WILL YOU HEED THE CALL FOR SEPARATION FROM YOUR OPEN ENEMIES AND UNITING WITH YOUR OWN KIND TO DO SOMETHING FOR SELF BEFORE IT IS TOO LATE?

   THE TIME IS FAST APPROACHING WHEREIN YOU WILL REGRET NOT SEIZING THE CHANCE AND OPPORTUNITY TO UNITE AND DO SOMETHING FOR SELF. YOU MUST REMEMBER THAT IN AMERICA….”  hunger is staring at you now. Unemployment-you cannot buy the food that you used to buy, for you have nothing to buy it with. This is why I plead with you to come join up with me and let us go to the earth and grow our food not go walking around the city with a basket for the devil to drop food into–he will not help you for he will not have any food to drop into his own basket. “–pg.29(TFOA)

  AND KNOW AND UNDERSTAND THAT….”  True…the world is warning you now, and you act as though the white people can help it. But they are telling you now that unemployment keeps mounting and they can do nothing about it.”–pg.218(O.S.H.A.)

   “Your EBT Card Has Been Denied”: 700,000 Are About To Lose Their Extended Jobless Claims Benefits

SOURCE: ZEROHEDGE

While virtually everyone has opined on the topic of the massive fiscal “cliff” set to take place on January 1, 2013, which could crush US GDP unless American politicians manage to find a way to end their acrimonious ways, most forget that a far more tangible cliff is set to take place much sooner, specifically over the next several months, as those currently collecting handouts from the government in the form of extended unemployment benefits (i.e., those who have been out of a job for a year) are about to get as angry as Germants pre-funding TARGET3, once the free money stops. Goldman explains why: “First, more than 150,000 workers per month exhaust their allowed benefits. Second, recently legislated thresholds will reduce benefit eligibility in many states with below-average unemployment rates beginning in June. Third, apart from legislative changes, labor market improvement in some states has taken the state-level unemployment rate below eligibility thresholds, with many states looking at likely expiration of one or more tiers of benefits around mid-year.” In other words, unlike the bulk of other transfer payment programs (read government subsides) which could be extended with the flick of a switch at the end of the year following the now traditional 1+ month congressional theatrical impasse, extended claims can not. The net result: by June some 700,000 people who are currently collecting benefits will lose everything. It seems that the old faithful EBT card is about to be denied- and while one can assume that extended benefits are not a core source of marginal aspirational product (read AAPL) sales, we all know the truth. Is the time finally coming to short the one company that is and has always been the primary beneficiary of government transfer payment largesse? Because if AAPL’s recent shakiness has been, by some, attributed to the expiration of EBTs, what will happen when Americans are again forced to pay their mortgages?

Today’s scary chart du jour: Legislated benefit cutoffs have started to take effect.

Goldman explains the reasons for this dramatic cliff:

Over the next several months, eligibility for federally funded jobless benefits will decline. This is due in part to legislative changes over the last few months, and in part to broader economic factors. In particular, there are three factors likely to contribute to reduced benefit eligibility and increased exhaustion of benefits over the coming year:

1. “Natural” exhaustion of emergency and extended benefits. The rate of benefit exhaustion has declined somewhat over the last year, but remains between 150,000 and 200,000 individuals per month on a three-month average basis, as shown in the first chart below. To estimate this, we consider “final payments” reported each month by the Department of Labor in the final two tiers of the Emergency Unemployment Compensation (EUC) program and in the Extended Benefits (EB) program, net of first payments in other benefit tiers that might feed into those programs (for instance, a worker who exhausts Tier 3 will receive a final payment from Tier 3 and a first payment from Tier 4)……MORE HERE

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