We are watching what happens when the economy of a developed nation totally implodes. Just a few years ago, Venezuela was the wealthiest nation in all of South America, and they still have more proven oil reserves than anyone else on the entire planet including Saudi Arabia. But now people down there are so hungry and so desperate that some of them are actually hunting dogs, cats and pigeons for food. Just a few days ago, I gave a talk down at Morningside during which I warned that someday we would see armed guards on food trucks in America. After that talk was done, I went back up to my room and I came across a New York Times article which had been republished by MSN that explained that this exact thing is already happening down in Venezuela…
With delivery trucks under constant attack, the nation’s food is now transported under armed guard. Soldiers stand watch over bakeries. The police fire rubber bullets at desperate mobs storming grocery stores, pharmacies and butcher shops. A 4-year-old girl was shot to death as street gangs fought over food.
Venezuela is convulsing from hunger.
Hundreds of people here in the city of Cumaná, home to one of the region’s independence heroes, marched on a supermarket in recent days, screaming for food. They forced open a large metal gate and poured inside. They snatched water, flour, cornmeal, salt, sugar, potatoes, anything they could find, leaving behind only broken freezers and overturned shelves.
All over the country, people are standing in extremely long lines day after day hoping to get some food. Sometimes the food trucks don’t bring anything, and sometimes it is just scraps like fish heads and rotten fruit. To get a better idea of what life is like in Venezuela right now, just check out this YouTube video…
Anyone who insists that the same things cannot happen here, has their head shoved up their network-news outlet. The fact is, things may well be just as difficult here, in a matter of months…
The only reason our ecojomy didn’t plunge like this in 2008 is because the US currently owns the world’s “reserve currency”. But even that can’t forestall the inevitable, indefinitely.
We have reached the ultimate end of a very long ‘road to hell’ which began in 1913 with the formation of the US Federal Reserve Banking System – when Congress abdicated its responsibility to mint and issue money for the United States, and handed that sovereign duty and power over to a private banking consortium, without conditions.
WE HAVE BEEN WARNED