The Troubling Trajectory of Hyperinflation in Venezuela

Courtesy of: The Money Project


MAKE AMERICA VENEZUELA AGAIN

Political Cartoons by Bob Gorrell

Via Townhall

Wheelbarrow Economics

Wheelbarrow Economics

In 2014, we published an article entitled “Watch the Movie Before It Is Filmed.” In that article, I described the situation in Venezuela at that time. The effects of fifteen years of collectivism were threatening to collapse the economy. The government was reacting by printing bolivares (Venezuelan currency) on a large scale—a knee-jerk solution that has been utilized by over twenty other countries in the last century—always with the same outcome: hyperinflation, resulting in economic collapse.

At the time, I recommended to readers that they “watch the movie” as it was being played out in Venezuela, as it would offer them insight into what was on the way in their own country, should they reside in Europe or North America.

The pattern followed by Venezuela is roughly the same as for the other jurisdictions; Venezuela is just a bit more advanced in the progression. Therefore, what we are observing in Venezuela is likely to be played out in other countries that have made the same mistake of taking on more debt than they can ever pay back.

As predicted, Venezuela is now well along with regard to hyperinflation.

Continue reading “Wheelbarrow Economics”

Create a Collapse Supply List Based on the Things They Are Out of in Venezuela

Guest Post by Daisy Luther

Sometimes a cautionary tale is more motivating than any amount of positive reinforcement every could be, and the horrifying reports from Venezuela are a perfect example. If you’re paying attention to the things they’ve run out of, you can put together a collapse supply list to see you through the crisis in the event of a breakdown in our own country. The time to prepare is now, well before the situation devolves to one that is similar.

Every day, there is more dire news out of Venezuela.  It’s so bad there that even the mainstream news can no longer ignore that the country is in the midst of an economic collapse. Thousands have turned to looting in order to feed their families. Even their soldiers have been stealing food. Long lines, empty stores, and hospitals without electricity are the norm instead of an unusual occurrence.

It wasn’t always like that. Life before Venezuela devolved into socialism looked a whole lot like our lives do today. In fact, as recently as the 1970s, Venezuela was one of the top 20 richest countries in the world.

So, today, our financial situation certainly looks far brighter than that of Venezuela, but according to a lot of experts, that is a glossy veneer over a crumbling foundation.  Obama calls it “peddling fiction” but the outlook here is not good. Financial statistics are massaged and many of them hidden to keep us in the dark. Jobs are nearly impossible to find, and heaven helps you if you lose one.  The price of living is going up, but financial solvency is going down as personal debt outstrips the ability to pay it. Pension funds that people rely on are going bankrupt, one after another.

It really isn’t a question of if, but when.

Economic collapse starts out as “going through hard times.” It isn’t mobbed on the streets or regression to Third World status initially. Before it ever gets to that, you have time to prepare. So let’s get started.

Pay Attention to What They’re Out of in Venezuela

Continue reading “Create a Collapse Supply List Based on the Things They Are Out of in Venezuela”

This Is The End: Venezuela Runs Out Of Money To Print New Money

Tyler Durden's picture

Back in February, when we commented on the unprecedented hyperinflation about the be unleashed in the Latin American country whose president just announced that he would expand the “weekend” for public workers to 5 days

… we joked that it is unclear just where the country will find all the paper banknotes it needs for all its new physical currency. After all, central-bank data shows Venezuela more than doubled the supply of 100-, 50- and 2-bolivar notes in 2015 as it doubled monetary liquidity including bank deposits. Supply has grown even as Venezuela has fewer U.S. dollars to support new bolivars, a result of falling oil prices.

This question, as morbidly amusing as it may have been to us if not the local population, became particularly poignant recently when for the first time, one US Dollar could purchase more than 1000 Venezuela Bolivars on the black market (to be exact, it buys 1,127 as of today).

And then, as if on cue the WSJ responded: “millions of pounds of provisions, stuffed into three-dozen 747 cargo planes, arrived here from countries around the world in recent months to service Venezuela’s crippled economy. But instead of food and medicine, the planes carried another resource that often runs scarce here: bills of Venezuela’s currency, the bolivar.

Continue reading “This Is The End: Venezuela Runs Out Of Money To Print New Money”

How I was personally affected by Chavez-Maduro socialism in Venezuela

Via Vineyard of the Saker

First, let me clarify that I am an average citizen – working class, born in the 70s when my country Venezuela was called “Little Arabia”, for the flow of money at that time came through oil. Unfortunately this has changed in the last 15 years.

My family are people who work for a living and sacrifice what little they have to achieve home ownership (acquired in those years before the socialists came to power) and even though today we are employed professionals, there is no possibility of getting credit to purchase property.

I was 23 when Chavez arrived in power and already had an independent life and a degree in marketing. I worked, was independent in almost all my needs, had credit cards and I was able to buy vehicle – a 1998 Opel Corsa. In those days if you had a good job you could go to a credit agency and would have credit or cash in 72 hours maximum. After choosing the model, colour, equipment and going through a short administrative formality you could enjoy your vehicle.

To remember that a guy like me with a salary as an editor at a TV channel (I’m a publicist) could have the “luxury” to have new car is now ridiculous. In 1998 the cost of the car was about the same as my yearly salary, with bonuses in December. I cannot dream of buying a car now, because the prices are exorbitant and the currency devaluations of recent years have ended our purchasing power.

There is no market for new vehicles except trucks and a couple of brands that still survive the onslaught of socialism (Toyota which has plant in Venezuela and make lucrative contracts with the government and Ford also has a plant which has crippled its operations on several occasions due to the crisis). Other brands only exist to sell spare parts (what few are available).

Equally, it is almost impossible to travel abroad, one because of the price, two because the Venezuelan government owes foreign airlines at least US$4 billion (here I leave a link to a Venezuelan newspaper to understand this situation regarding air tickets in Venezuela. Sorry if you don’t read Spanish)

Continue reading “How I was personally affected by Chavez-Maduro socialism in Venezuela”

COLTAN: Or, why Venezuela is an “extraordinary” threat to the USA!USA!USA!

Posting this because I have NEVER heard of “coltan”.  Turns out we need it to ……….. BOMB THE SHIT OUT OF OTHER COUNTRIES!  Turns out Venezuela has lots of it and they don’t want to sell it to us, soooo, we eventually might have to bomb the shit outta them …. lol …. assuming we have enough coltan stockpiled.  Also, China has a lot of shit we need to make bombs and missiles too.  Hopefully, we have the wisdom to stockpile that stuff before we go to war with them. (Oh yeah, not in the article but, Russia makes all our rocket engines. lmfao)   Funny shit, ain’t it …. needing shit from the very countries we wanna bomb the shit out of?

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Follow the Minerals: Why the US is Threatened by Venezuela’s ‘Blue Gold’
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US President Obama generated international outcry after imposing further sanctions on Venezuela in March and claiming that Venezuela poses an “unusual and extraordinary threat” to US security.
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President Maduro of Venezuela fired back at Obama, saying the sanctions and executive order are an attempt to use force to control the country. One forthright response to the US decree from Bolivian President Evo Morales demanded Obama to: “Stop turning the world into a battlefield.”
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Is any threat posed by Venezuela merely an illusion created to oil the wheels of intervention? What is real and tangible is the US’ increasing demand for the natural resources Venezuela has in superabundance. Resource wealth can be a blessing and a curse. Not only is Venezuela the fifth largest oil exporting country in the world, with the second-largest reserves of heavy crude oil, but also add to that the country’s rich mineral reserves, plus a turbulent economy, and you have a recipe for ‘resource curse’.
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Staving off the dreaded resource curse, Venezuela has paved a new road to success. Key to sustaining this progress is the country’s ability to maintain its own mineral wealth.

Continue reading “COLTAN: Or, why Venezuela is an “extraordinary” threat to the USA!USA!USA!”

VENEZUELA PREPARES TO INVADE U.S.

Be afraid. Be very afraid. Take a gander at that high powered military force. They are truly an existential threat to our freedom. What if they become allies with Russia, North Korea, and Iran? Then it is only a matter of time before they invade. They are only 2,500 miles from our shores. Ignore the fact they don’t have a navy that could transport 300 soldiers to Aruba, let alone the U.S.

Obama says they are a threat. The American sheeple will believe him. The Republicans will act in a bipartisan manner and support their beloved leader. There is nothing left to do at this point. A pre-emptive invasion is our only choice. It has nothing to do with their 298 BILLION barrels of oil reserves – more than Saudi Arabia. Really. It doesn’t. Believe your leaders. Venezuela is really a threat. Stop laughing. This isn’t a joke.

http://en.wikipedia.org/wiki/List_of_countries_by_proven_oil_reserves

Ten days of military exercises began in Caracas amid rising tensions with the United States over sanctions imposed on officials accused of alleged human rights abuses and corruption.


FOURTH TURNING – THE SHADOW OF CRISIS HAS NOT PASSED – PART FOUR

In Part One of this article I explained the model of generational theory as conveyed by Strauss and Howe in The Fourth Turning. In Part Two I provided an overwhelming avalanche of evidence this Crisis has only yet begun, with debt, civic decay and global disorder propelling the world towards the next more violent phase of this Crisis. In Part Three I addressed how the most likely clash on the horizon is between the government and the people. War on multiple fronts will thrust the world through the great gate of history towards an uncertain future.

War on Multiple Fronts

“The risk of catastrophe will be very high. The nation could erupt into insurrection or civil violence, crack up geographically, or succumb to authoritarian rule. If there is a war, it is likely to be one of maximum risk and effort – in other words, a total war. Every Fourth Turning has registered an upward ratchet in the technology of destruction, and in mankind’s willingness to use it.” – Strauss & Howe – The Fourth Turning

The drumbeats of war are pounding. Sanctions are implemented against any country that dares question American imperialism (Russia, Iran). Overthrow and ignominious imprisonment or death awaits any foreign leader questioning the petrodollar or standing in the way of America spreading democracy (Iraq, Libya, Syria, Ukraine, Egypt). The mega-media complex of six corporations peddle the government issued pabulum about ISIS being an existential threat to our freedoms; Russia being led by the new Hitler and poised to take over Europe; Syria gassing innocent women and children; and Iran only six months away from a nuclear bomb (they’ve been six months away for the last fourteen years). Hollywood does their part with patriotic drivel like American Sniper, designed to compel low IQ unemployed American youths to swell with pride and march down to enlistment centers, located in our plentiful urban ghettos.

The most disconcerting aspect of Fourth Turnings is they have always climaxed with total destructive all-out war. Not wars to enrich arms dealers like Iraq, Afghanistan, and Syria, but incomprehensibly violent, brutal, wars of annihilation. There are clear winners and losers at the conclusion of Fourth Turning wars. Leaders mobilize all forces, refuse to compromise, define their enemies in moral terms, demand sacrifice on the battlefield and home front, build the most destructive weapons imaginable, and employ those weapons to obtain victory at any cost.

It may seem inconceivable that war on such a scale will happen within the next ten years, but it was equally inconceivable in 1936 that 65 million people would die in the next ten years during World War II. We valued all the wrong things and made all the wrong choices leading up to this Crisis and during the early stages of this Crisis. The accumulation of unmet obligations, unpaid bills, un-kept promises and unresolved issues will provide the fuel for an upheaval that will shake our society to its core and transforms the country’s direction for the next sixty years. The outcome of the conflict could be tragedy or triumph. Our choices will make a difference.

There will be war on many fronts, and they have already begun. The culmination will likely be World War III, with the outcome highly uncertain and potentially disastrous.

Continue reading “FOURTH TURNING – THE SHADOW OF CRISIS HAS NOT PASSED – PART FOUR”

FOURTH TURNING: THE PEOPLE vs BIG BROTHER

“The risk of catastrophe will be very high. The nation could erupt into insurrection or civil violence, crack up geographically, or succumb to authoritarian rule. If there is a war, it is likely to be one of maximum risk and effort – in other words, a total war. Every Fourth Turning has registered an upward ratchet in the technology of destruction, and in mankind’s willingness to use it.” – Strauss & Howe – The Fourth Turning

 

“In the need to develop a capacity to know what potential enemies are doing, the United States government has perfected a technological capability that enables us to monitor the messages that go through the air. Now, that is necessary and important to the United States as we look abroad at enemies or potential enemies. We must know, at the same time, that capability at any time could be turned around on the American people, and no American would have any privacy left such is the capability to monitor everything—telephone conversations, telegrams, it doesn’t matter. There would be no place to hide.

If this government ever became a tyrant, if a dictator ever took charge in this country, the technological capacity that the intelligence community has given the government could enable it to impose total tyranny, and there would be no way to fight back because the most careful effort to combine together in resistance to the government, no matter how privately it was done, is within the reach of the government to know. Such is the capability of this technology.

I don’t want to see this country ever go across the bridge. I know the capacity that is there to make tyranny total in America, and we must see to it that this agency and all agencies that possess this technology operate within the law and under proper supervision so that we never cross over that abyss. That is the abyss from which there is no return.”Frank Church on Meet the Press regarding the NSA – 1975

Ever since Edward Snowden burst onto the worldwide stage in June 2013, I’ve been wondering how he fits into the fabric of this ongoing Fourth Turning. This period of Crisis that arrives like clockwork, 60 to 70 years after the end of the previous Fourth Turning (Civil War – 66 years after American Revolution, Great Depression/World War II – 64 years after Civil War, Global Financial Crisis – 62 years after World War II), arrived in September 2008 with the Federal Reserve created collapse of the global financial system. We are now five and a half years into this Fourth Turning, with its climax not likely until the late-2020’s. At this point in previous Fourth Turnings a regeneracy had unified sides in their cause and a grey champion or champions (Ben Franklin/Samuel Adams, Lincoln/Davis, FDR) had stepped forward to lead. Thus far, no one from the Prophet generation has been able to unify the nation and create a sense of common civic purpose. Societal trust continues to implode, as faith in political, financial, corporate, and religious institutions spirals downward. There is no sign of a unifying regeneracy on the horizon.

The core elements of this Fourth Turning continue to propel this Crisis: debt, civic decay, global disorder. Central bankers, politicians, and government bureaucrats have been able to fashion the illusion of recovery and return to normalcy, but their “solutions” are nothing more than smoke and mirrors exacerbating the next bloodier violent stage of this Fourth Turning. The emergencies will become increasingly dire, triggering unforeseen reactions and unintended consequences. The civic fabric of our society will be torn asunder.    

In retrospect, the spark might seem as ominous as a financial crash, as ordinary as a national election, or as trivial as a Tea Party. The catalyst will unfold according to a basic Crisis dynamic that underlies all of these scenarios: An initial spark will trigger a chain reaction of unyielding responses and further emergencies. The core elements of these scenarios (debt, civic decay, global disorder) will matter more than the details, which the catalyst will juxtapose and connect in some unknowable way. If foreign societies are also entering a Fourth Turning, this could accelerate the chain reaction. At home and abroad, these events will reflect the tearing of the civic fabric at points of extreme vulnerability – problem areas where America will have neglected, denied, or delayed needed action.” – The Fourth Turning – Strauss & Howe

Debt

The core crisis element of debt is far worse than it was at the outset of this Crisis in September 2008. The National Debt has risen from $9.7 trillion to $17.5 trillion, an 80% increase in five and half years. It took 215 years for the country to accumulate as much debt as it has accumulated since the start of this Crisis. We continue to add $2.8 billion a day to the National debt, and the president declares it is time for this austerity to end. The total unfunded liabilities of the Federal government for Social Security, Medicare, Medicaid, government pensions and now Obamacare exceeds $200 trillion and is mathematically impossible to honor. Corporate debt stands at an all-time high. Margin debt is at record levels, as faith in the Federal Reserve’s ability to levitate the stock market borders on delusional. Consumer debt has reached new heights, as the government doles out subprime auto loans to deadbeats and subprime student loans to future University of Phoenix Einsteins. Global debt has surged by 40% since 2008 to over $100 trillion, as central bankers have attempted to cure a disease caused by debt with more debt.

All of this debt accumulation is compliments of Bernanke/Yellen and the Federal Reserve, who have produced this new debt bubble with their zero interest rate policy and quantitative easing that has driven their balance sheet from $935 billion of mostly Treasury bonds in September 2008 to $4.2 trillion of toxic mortgage garbage acquired from their owners – the insolvent Too Big To Trust Wall Street banks. This entire house of cards is reliant upon permanently low interest rates, the faith of foreigners in our lies, and trust in Ivy League educated economists captured by Wall Street. This debt laden house of cards sits atop hundreds of trillions of derivatives of mass destruction used by the Wall Street casinos to generate “riskless” profits. When, not if, a trigger ignites this explosive concoction of debt, the collapse will be epic and the violent phase of this Fourth Turning will commence.

Civic Decay

The core crisis element of civic decay is evident everywhere you turn. Our failed public educational system is responsible for much of the civic decay, as a highly educated critical thinking populace is our only defense against a small cabal of bankers and billionaires acquiring unwarranted influence and control over our country. Our children have been taught how to feel and to believe government propaganda. The atrocious educational system is not a mistake. It has been designed and manipulated by your owners to produce the results they desire, as explained bluntly by George Carlin.

“There’s a reason that education sucks, and it’s the same reason it will never ever ever be fixed. It’s never going to get any better, don’t look for it. Be happy with what you’ve got. Because the owners of this country don’t want that. I’m talking about the real owners now, the big, wealthy, business interests that control all things and make the big decisions. They spend billions of dollars every year lobbying to get what they want. Well, we know what they want; they want more for themselves and less for everybody else. But I’ll tell you what they don’t want—they don’t want a population of citizens capable of critical thinking. They don’t want well informed, well educated people capable of critical thinking. They’re not interested in that. That doesn’t help them. That’s against their interest.”

The urban ghettos become more dangerous and uninhabitable by the day. The inner cities are crumbling under the weight of welfare spending and declining tax revenues. The very welfare policies begun fifty years ago to alleviate poverty have hopelessly enslaved the poor and ignorant in permanent squalor and destitution. The four decade old drug war has done nothing to reduce the use of drugs. It has benefited the corporate prison industry, as millions have been thrown into prison for minor drug offenses. Meanwhile, millions more have been legally addicted to drugs peddled by the corporate healthcare complex. The culture warriors and advocates of new rights for every special interest group continue their never ending battles which receive an inordinate amount of publicity from the corporate media. Class warfare is simmering and being inflamed by politicians pushing their particular agendas. Violence provoked by race and religion is growing by the day. The fault lines are visible and the imminent financial earthquake will push distress levels beyond the breaking point. Once the EBT cards stop working, all hell will break loose. Three days of panic will empty grocery store shelves and the National Guard will be called out to try and restore control.  

Global Disorder

The core crisis element of global disorder is evident everywhere you turn. The false flag revolution in the Ukraine, initiated by the U.S. and EU in order to blunt Russia’s control of natural gas to Europe, has the potential to erupt into a full blown shooting war at any moment. The attempt by Saudi Arabia, Israel and the U.S. to overthrow the Syrian dictator in order to run a natural gas pipeline across their land into Europe was blunted by Russia. Iraq is roiled in a civil war, after the U.S. invaded, occupied and destabilized the country. After 12 years of occupation, Afghanistan is more dysfunctional and dangerous than it was before the U.S. saved them from the evil Taliban. Unrest, violent protests, and brutal measures by rulers continue in Egypt, Turkey, Thailand, Venezuela, Bahrain, Brazil, and throughout Africa. American predator drones roam the skies of the world murdering suspected terrorists. The European Union is insolvent, with Greece, Spain, Italy and Portugal propped up with newly created debt. Austerity for the people and prosperity for the bankers is creating tremendous distress and tension across the continent. A global volcanic eruption is in the offing.

It is clear to me the American Empire is in terminal decline. Hubris, delusion, corruption, foolish disregard for future generations and endless foreign follies have set in motion a chain of events that will lead to a cascading sequence of debt defaults, mass poverty, collapsing financial markets, and hyperinflation or deflation, depending on the actions of feckless bankers and politicians. There is no avoiding the tragic outcome brought on by decades of bad choices and a century of allowing private banking interests to control our currency. The “emergency” QE and ZIRP responses by the Federal Reserve to the Federal Reserve created 2008 financial collapse continue, even though the propaganda peddled by the Deep State tries to convince the public we have fully recovered. This grand fraud cannot go on forever. Ponzi schemes no longer work once you run out of dupes. With societal trust levels approaching all-time lows and foreign countries beginning to understand they are the dupes, another global financial crisis is a lock.

The Snowden Factor

With ten to fifteen years likely remaining in this Fourth Turning Crisis, people familiar with generational turnings can’t help but ponder what will happen next. Linear thinkers, who constitute the majority, mistakenly believe things will magically return to normal and we’ll continue our never ending forward human progress. Their ignorance of history and generational turnings that recur like the four seasons will bite them in the ass. We are being flung forward across the vast chaos of time and our existing social order will be transformed beyond recognition into something far better or far worse. The actual events over the coming decade are unknowable in advance, but the mood and reactions of the generational archetypes to these events are predictable. The actions of individuals will matter during this Fourth Turning. The majority are trapped in their propaganda induced, techno distracted stupor of willful ignorance. It will take a minority of liberty minded individuals, who honor the principles of the U.S. Constitution and are willing to sacrifice their lives, to prevail in the coming struggle.

Despite fog engulfing the path of future events, we know they will be propelled by debt, civic decay, and global disorder. Finding a unifying grey champion figure seems unlikely at this point. I believe the revelations by Edward Snowden have set the course for future events during this Fourth Turning. The choices of private citizens, like Snowden, Assange, and Manning, have made a difference. The choices we all make over the next ten years will make a difference. A battle for the soul of this country is underway. The Deep State is firmly ingrained, controlling the financial, political and educational systems, while using their vast wealth to perpetuate endless war, and domination of the media to manipulate the masses with propaganda and triviality. They are powerful and malevolent. They will not relinquish their supremacy and wealth willingly.

Snowden has revealed the evil intent of the ruling class and their willingness to trash the Constitution in their psychopathic pursuit of mammon. The mass surveillance of the entire population, locking down of an entire city in pursuit of two teenagers, military training exercises in major metropolitan areas, militarization of local police forces by DHS, crushing peaceful demonstrations with brute force, attempting to restrict and confiscate guns, molesting innocent airline passengers, executive orders utilized on a regular basis by the president, and treating all citizens like suspects has set the stage for the coming conflict. Strauss & Howe warned that history has shown armed conflict is always a major ingredient during a Fourth Turning.

“History offers even more sobering warnings: Armed confrontation usually occurs around the climax of Crisis. If there is confrontation, it is likely to lead to war. This could be any kind of war – class war, sectional war, war against global anarchists or terrorists, or superpower war. If there is war, it is likely to culminate in total war, fought until the losing side has been rendered nil – its will broken, territory taken, and leaders captured.” The Fourth Turning – Strauss & Howe -1997

It appears to me the Deep State is preparing for armed conflict with the people. Why else would they be utilizing Big Brother methods of surveillance, militarization of police forces  and Gestapo like tactics of intimidation to control the masses? This doesn’t happen in a democratic republic where private individuals are supposed to know everything done by public government servants, not vice versa. They know the cheap, easy to access energy resources are essentially depleted. They know the system they have built upon a foundation of cheap energy and cheap debt is unsustainable and will crash in the near future. They know their fiat currency scheme is failing.They know it is going to come crashing down.  

They know America and the world will plunge into an era of depression, violence, and war. They also know they want to retain their wealth, power and control. There is no possibility the existing establishment can be purged through the ballot box. It’s a one party Big Brother system that provides the illusion of choice to the Proles. Like it or not, the only way this country can cast off the shackles of the banking, corporate, fascist elites, and the government surveillance state is through an armed revolution. The alternative is to allow an authoritarian regime, on par with Hitler, Stalin and Mao, to rise from the ashes of our financial collapse. This is a distinct possibility, given the ignorance and helplessness of most Americans after decades of government education and propaganda.       

The average mentally asleep American cannot conceive of armed conflict within the borders of the U.S. War, violence and dead bodies are something they see on their 52 inch HDTVs while gobbling chicken wings and cheetos in their Barcalounger. We’ve allowed a banking cartel and their central bank puppets to warp and deform our financial system into a hideous façade, sold to the masses as free market capitalism. We’ve allowed corporate interests to capture our political system through bribery and corruption.

We’ve allowed the rise of a surveillance state that has stripped us of our privacy, freedom, liberty and individuality in a futile pursuit of safety and security. We’ve allowed a military industrial complex to exercise undue influence in Washington DC, leading to endless undeclared wars designed to enrich the arms makers. We’ve allowed the corporate media and the government education complex to use propaganda, misinformation and social engineering techniques to dumb down the masses and make them compliant consumers. These delusions will be shattered when our financial and economic system no longer functions. The end is approaching rapidly and very few see it coming.

Glory or Ruin?

The scenario I envision is a collapse of our debt saturated financial system, with a domino effect of corporate, personal, and governmental defaults, exacerbated by the trillions of currency, interest rate, and stock derivatives. Global stock markets will crash. Trillions in paper wealth will evaporate into thin air. The Greater Depression will gain a choke-hold around the world. Mass bankruptcies, unemployment and poverty will sweep across the land. The social safety net will tear under the weight of un-payable entitlements. Riots and unrest will breakout in urban areas. Armed citizens in rural areas will begin to assemble in small units. The police and National Guard will be unable to regain control. The military will be called on to suppress any and all resistance to the Federal government. This act of war will spur further resistance from liberty minded armed patriots. The new American Revolution will have begun. Leaders will arise in the name of freedom. Regional and local bands of fighters will use guerilla tactics to defeat a slow top heavy military dependent upon technology and vast quantities of oil. A dictatorial regime may assume power on a Federal level. A breakup of the nation into regional states is a distinct possibility.

With the American Empire crumbling from within, our international influence will wane. With China also in the midst of a Fourth Turning, their debt bubble will burst and social unrest will explode into civil war. Global disorder, wars, terrorism, and financial collapse will lead to a dramatic decrease in oil production, further sinking the world into depression. The tensions caused by worldwide recession will lead to the rise of authoritarian regimes and global warfare. With “advances” in technological warfare and the proliferation of nuclear warheads, this scenario has the potential to end life on earth as we know it. The modern world could be set back into the stone-age with the push of a button. There are no guarantees of a happy ending for humanity.

The outcome of this Fourth Turning is dependent upon the actions of a minority of critical thinking Americans who decide to act. No one can avoid the trials and tribulations that lie ahead. We will be faced with immense challenges. Courage and sacrifice will be required in large doses. Elders will need to lead and millennials will need to carry a heavy load, doing most of the dying. The very survival of our society hangs in the balance. Edward Snowden has provided an example of the sacrifice required during this Fourth Turning. How we respond and the choices we make over the next decade will determine whether this Fourth Turning will result in glory or ruin for our nation.

“Eventually, all of America’s lesser problems will combine into one giant problem. The very survival of the society will feel at stake, as leaders lead and people follow. The emergent society may be something better, a nation that sustains its Framers’ visions with a robust new pride. Or it may be something unspeakably worse. The Fourth Turning will be a time of glory or ruin.” – Strauss & Howe – The Fourth Turning

Click these links to read the first two parts of this three part series:

Do No Evil Google – Censor & Snitch for the State

Google, China, the NSA and the Fourth Turning



Fingerprint Registry to Buy Groceries; coming soon to America?

I am aware of the unrest in Venezuela. But, I did not know how bad it really is. This is a picture, taken last month, of a food line. HOLY SHIT, BATMAN!!

venezuela-food-lines

 

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Venezuela Enforces Fingerprint Registry to Buy Groceries: What to Do Before Rationing Starts in America

Daisy Luther
April 2nd, 2014
The Organic Prepper

Editor’s Note:

In recent weeks the country of Venezuela has implemented everything from price controls to rationing in an effort to control the hyperinflation that has gripped the nation. All attempts at controlling demand and ‘hoarding’ have thus far failed, prompting government officials to issue directives requiring biometric verification for the purchase of foodstuffs. What’s happening in Venezuela is a clear example of how government first causes the problem, often leading to panic, and then points the blame at everyone but themselves. Officials claim that unscrupulous merchants (who have been forced to sell goods at prices lower than they have acquired them) and the hoarding of food by individuals is to blame for the shortages.

The solution, of course, is more government, and in this case that means registration of fingerprints and other personal data in exchange for permission to purchase food. Be assured that the same plans are in place right here in the USA. In fact, we already have an electronic mechanism of exchange in the form of Electronic Benefit Transfer (EBT) cards. Should the worst happen and the US dollar crashes at some point in the future, those who failed to prepare (or, hoard as the government would suggest) are destined to forced registrations at their local post office or other government entity. Daisy Luther of The Organic Prepper explains what’s happening right now in Venezuela, how a similar situation could unfold in the USA, and what you can do to prepare in advance.

For those looking to implement a frugal and highly effective strategy in advance of food shortages or currency crisis we suggest taking a look at Daisy’s book The Pantry Primer: How to Build a One Year Food Supply in Three Months.

—————- End Editor’s Note:

Venezuela Enforces Fingerprint Registry to Buy Groceries: What to Do Before Rationing Starts in America

What if you were forced to “register” in order to buy groceries?  And what if, through that registration, the food you bought could be tracked and quantities could be limited?

That’s exactly the plan in Venezuela right now.  The AP reports that in an effort to crack down on “hoarding” that ID cards will be issued to families.  These will have to be presented before foodstuffs can be purchased.

President Nicolas Maduro’s administration says the cards to track families’ purchases will foil people who stock up on groceries at subsidized prices and then illegally resell them for several times the amount…

Registration began Tuesday at more than 100 government-run supermarkets across the country. Working-class shoppers who sometimes endure hours-long lines at government-run stores to buy groceries at steeply reduced prices are welcoming the plan.

“The rich people have things all hoarded away, and they pull the strings,” said Juan Rodriguez, who waited two hours to enter the government-run Abastos Bicentenario supermarket near downtown Caracas on Monday, and then waited another three hours to check out.

Checkout workers at Abastos Bicentenario were taking down customers’ cellphone numbers Monday, to ensure they couldn’t return for eight days. Shoppers said employees also banned purchases by minors, to stop parents from using their children to engage in hoarding, which the government calls “nervous buying.”

Rodriguez supports both measures.

“People who go shopping every day hurt us all,” he said, drawing approving nods from the friends he made over the course of his afternoon slowly snaking through the aisles with his oversized cart.

Reflecting Maduro’s increasingly militarized discourse against opponents he accuses of waging “economic war,” the government is calling the new program the “system of secure supply.”

Patrons will register with their fingerprints, and the new ID card will be linked to a computer system that monitors purchases. On Tuesday, Food Minister Felix Osorio said the process was off to a smooth start. He says the system will sound an alarm when it detects suspicious purchasing patterns, barring people from buying the same goods every day. But he also says the cards will be voluntary, with incentives like discounts and entry into raffles for homes and cars.

Expressionless men with rifles patrolled the warehouse-size supermarket Monday as shoppers hurried by, focusing on grabbing meat and pantry items before they were gone.  (source)

Last year in Venezuela, it became a crime to “hoard” food, and the country’s Attorney General called upon prosecutors to crack down on “hoarders” by imprisoning them for the “crime”.

Some people may read this and think to themselves, “Why on earth do I care about what happens in Venezuela?”

You’d better care, because this is our future.

Already the Obama administration has moved the pieces into place on the board to be able to appropriate supplies from anyone, at any time.  Mac Slavo of SHTFplan warns:

It should be clear from the laws that are already in effect that the government has given itself a legal pretext for confiscating anything they so choose in the midst of an emergency.

Should an emergency befall the United States, the military, national guard, and local police operating under orders from the Department of Homeland Security will have carte blanche to do as they please.

In a widespread emergency where supply lines have been threatened and millions of Americans are without essential resources because they failed to prepare, the government will swoop in and attempt to take complete control.

They will enter our homes and search them without a warrant. They will confiscate contraband. And they will take any ‘excessive resources’ that you may have accumulated. This includes food, toiletries, precious metals and anything else emergency planners and officials deem to be a scarce material. (source)

Just think how much easier it would be to do so if every purchase you make is tracked and documented for future reference.

How Much of a Footprint Are You Leaving?

Now, think about those “loyalty cards” that every grocery store in North America promotes when you go through the checkout. Have you noticed how much more those are being pushed lately? Could there be a nefarious purpose to that?  I doubt the person at the cash register thinks twice about it – if these actually are data collection tools, it is something put in place by people far higher up the food chain (pun intended) than the staff of your local supermarket.

I strongly recommend you think twice about collecting “points” – the discounts may not be worth it if it means that your stock-up purchases are in some database, easily accessible to the NSA.  If you feel it is imperative to have one of those cards, consider using a pseudonym and false address.  You really don’t want to provide an inventory of your stockpile to the government. Some cards, like the one from Target, for example, even take it a step further and link to your credit card or debit account.  I can’t even wrap my brain around giving out that type of information to the person who rings up my paper towels and garbage bags.

To take this even further, if you haven’t been convinced yet that you need to begin producing your own food by gardening and raising micro-livestock, this should solidify the importance of not being totally dependent on “the system” for what you eat. Looking at the drought conditions across America’s farmland, is it a stretch of the imagination to think we could soon be facing rationing like that which is currently happening in Venezuela?  As the middle class gasps its last breath here in America, we may soon be faced with a situation where only the wealthy can afford to avoid rationing.  By becoming independent from the purveyors of food, you can assure that your family will not go hungry at the whims of a government who really doesn’t care.

Plan of Action

Here are a few things that you can do to pre-empt feeling the effects of a system like the one in Venezuela before such a change occurs on our own soil. Start now to leave less of a footprint for the government to follow.

  1. Plant a garden.
  2. Grow food indoors in sunny windows.
  3. Consider an aquaponics set-up in a spare room.
  4. Raise chickens and meat rabbits.
  5. Stock up NOW on long-term staples like grains and beans, before limits are instituted.
  6. Buy heirloom seeds – lots and lots of seeds.
  7. Practice careful OPSEC (OPerational SECurity) when making large purchases.
  8. Store longterm food supplies in more than one location. That way if you lose some of your supplies to thugs (government or other varieties), you still have supplies to fall back on.
  9. Learn to preserve food.
  10. Stock up of preservation supplies like lids, jars, etc.
  11. Do NOT use so-called “loyalty cards” or memberships to make large purchases.
  12. When ordering large quantities of supplies, consider having them mailed to some place other than your home.
  13. Use cash or prepaid VISA cards purchased with cash to make large purchases.
  14. Don’t tell others about your supplies and purchases.
  15. Teach your children not to discuss things like food pantries and preparedness.
  16. Don’t store your supplies out in the open for anyone who comes into your home to see. Stash your 5 gallon pails away in closets, under beds, or in the basement.
  17. Disengage from the system by purchasing from small local farmers.
  18. Use the barter system whenever possible.  When money was tight and I lived in a place where I couldn’t grow much food, I worked on a farm harvesting vegetables in exchange for produce that I could preserve for my family.
  19. Change the way you eat – go with a local, in-season menu that is far more difficult to track than grocery-store purchased items.
  20. Learn to forage. Even in the city, you might be surprised at how many things can be found growing in your own back yard or falling off of the trees in a local park.  My children and I picked up one small bag of walnuts a day at a little park down the street one year, resulting in almost 15 pounds of shelled nuts by the time we were through.

Whatever your plan, don’t delay. We need only to read the many articles predicting a food shortage this year due to poor weather conditions to see the writing on the wall. You must become responsible for your family’s sustenance if you don’t want to suffer at the hands of those in power. I have no intention of standing in line for hours with my “ID card”, only to be allowed to purchase a small amount of highly inflated food.

http://www.shtfplan.com/headline-news/venezuela-enforces-fingerprint-registry-to-buy-groceries-what-to-do-before-rationing-starts-in-america_04022014

 

 

 

 

 

 

SUCCESS – SOCIALIST STYLE

These Venezuelans aren’t rioting. They are waiting in line for food. Their country has ample farmland and a great climate for growing food. They put all their faith in their socialist leaders to centrally plan their economy and create a government controlled paradise.

 

Venezuela has 211 billion barrels of oil reserves, 2nd only to Saudi Arabia on the planet. The socialists have been in charge for decades. Why are the people waiting in lines to get fuel for their homes? They put their trust in the all powerful, all benevolent socialist government.

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Barack Obama and his minions believe government can allocate resources (your taxes) better than you can. Forward Amurika!!! Venezuela is our goal. Free shit for everyone. What could go wrong?