‘No Bread’ – This Is What Happens When Your Economic And Monetary Systems Collapse

While Americans still enjoy easy access to basic necessities like food and medicine, the last several years have shown us just how bad things can get when it all hits the fan.
When the country of Greece collapsed in 2012 we highlighted the desperate situation faced by its millions of residents:
With untold billions in private and public sector debt, the situation in Greece (and other debt laden European countries like Spain and Italy) has devolved to such an extent that some EU member nations are mobilizing their military personnel in preparation for full spectrum meltdown across the entire region.
Jobs are so scarce that many have been forced into underground barter economies and family farming to make ends meet. From massive austerity spending cuts that have torn to shreds the government social safety net, toshortages in critical life saving medicines and the near breakdown of the nation’s power grid, Greece is experiencing all of the overt signs of a nation on its last leg.
It’s a story that we have seen time and again throughout history, and one that is once again playing out before our eyes. Though the economic factors that trigger a crisis may be different, the outcome is often the same for the general populace.
We need look no further than the deteriorating situation in Venezuela, where the government has tried everything from currency devaluations and price controls to blaming the country’s malaise on ‘hoarders’ and speculators who purportedly drove up prices. As anger and frustration gripped the country, the government took unprecedented steps to restore order, to no avail:

This post was published at shtfplan on March 2nd, 2016.