Piper McGowin | June 2, 2016 at 4:55 am | Categories: Uncategorized | URL: http://www.dcclothesline.
Can you imagine lining up around the block overnight just to be able to shop in a government-run, government-restricted grocery store where you have to be fingerprintedto enter and then your food is allotted to you so that you can only buy a limited amount of a certain item each month?
As the sharp drop in oil prices continues to destroy Venezuela’s economy, the IMF, who owns large portions of the developing world, is now predicting inflation will skyrocket to 720% in Venezuela this year.
Food prices are hitting astronomical rates. Pretty soon, it’s looking like hardly anyone will be able to afford to eat.
The L.A. Times recently interviewed a 42-year-old single mother who works as an accounting assistant for the government ministry and lives in Caracas. She makes 27,000 bolivars, including a food allowance, each month. That would equal $2,700 a month normally, but check out how much money she has to spend these days on food and what she has to go through just to feed her children.
The cost of everything has skyrocketed. Eggs are now an astonishing $150 a dozen. Powdered milk costs between 750 and 1000 bolivars now. Corn flour, which is a staple in Venezuelan diets, went from 9.5 bolivars a pound up to 95 a pound. And the prices for absolutely everything just keep going up.
A 23-year-old named Alejandro who works at a law firm during the day and teaches at night now makes the equivalent of $57 a month. He will sometimes decide to splurge to buy butter, even though the price is now $2, or 4% of his monthly income.
Everyone is buying from the black market because shopping at the government-regulated grocery stores have become such a time-consuming and restrictive process to deal with. They force people to buy sets of items or extra items they can’t afford just to be able to buy the ones they can. Many black market vendors will wait alongside everyone else in the hours-long lines, buy up as many products as they can and turn around and sell them on the black market for insane prices, leaving the people who actually went to the stores to buy food for their families in an even worse situation.
Shortages on everything continue. Every basic toiletry, from shampoo to toothpaste to toilet paper, is scarce if not impossible to find. Rolling blackouts rock the nation, and some 85% of companies have cut back or stopped production entirely. Foreign companies like Coca-Cola have shut down their plants there and pulled out. Government employees are on a strict government-ordered holiday, meaning they are down to working only two days a week, which at least gives them enough time to spend hours and hours in lines trying to buy food and basic necessities to continue to survive.
The question isn’t even how much longer is this going to last... the question is whether or not people elsewhere are taking this situation seriously and heeding the warnings of a society drowning in total economic chaos. Venezuela is such an oil rich country. By all accounts, this shouldn’t be happening.
Surely those people never thought something like this could happen to them, just like if you asked your neighbor right now if he or she thinks this could ever happen here... your neighbor would probably laugh at you.
And yet, Venezuelans are living in a daily nightmare. The rest of the world standing idly by should heed this warning accordingly.
Piper writes for The Daily Sheeple.
The potential for a truly devastating economic collapse has been real for some time.
And it is coming to America.
Though most Americans are accustomed to having shelves full of food and goods, and enough money to keep going, this sense of security is quite false.
The real economy is bottoming out, and the experts have been warning about the extreme stress in the system for some time.
Job growth has stagnated, personal and institution debt is teetering on edge and the central bank policies of the Federal Reserve have been widening the gap between artificially-boosted corporate interests... and all the rest who have been stymied by low-interest cash flowing to the top of the pyramid at zero interest (and failing to trickle down).
While the United States seems miles apart from the implosion taking place in Venezuela, looks can be deceiving. Even former Federal Reserve chairman Alan Greenspan is admitting it.
The warning isn’t just that oil prices are rendering socialist economies vulnerable, but that too much power in the hands a central government and a central bank creates an inevitably unstable situation.
All the dollars and all the paper money in the world can’t hold things together once things reach a certain point.
Things are so far gone, that even the iconic faces of Federal Reserve are addressing the problem, and redirecting blame for what is coming to most of the people of the world.
As Berwick explains:
What is in the news today in Venezuela are the events of the slow-motion long term collapse that is coming globally, and will not spare the United States or its dependent population of serfs.
What is happening will reach every part of the global economy... be ready.
Courtesy of SHTFplan.com
Laura J Alcorn
Friday, June 3, 2016
LOOK WHAT SANDERS-LIKE SOCIALISM HAS DONE TO VENEZUELA! IT IS DEADLY!!!
Submitted by: Conservative 2 Conservative