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When
the political and economic systems of entire nations collapse the
consequences are devastating.
Earlier
this year pharmacies and hospitals in Greece were unable to provide life saving medicines due to a shortages
caused by a freeze in the flow of credit from manufacturers to
distributors to patients. A collapse in the country’s economy has forced many Greeks to turn to black market barter economies
and has left millions financially devastated, with no hope of finding an
income stream for the foreseeable future.
The
credit system of the entire country is in shambles. So much so that reports
are emerging about food shortages and hunger within the Greek prison system,
suggesting that serious problems in the food delivery chain have begun to
materialize.
As
Nigel Farage warned recently, we are beginning to see the rise of extreme political parties as a consequence of
the total and utter desperation of the populace.
Today
the news gets even worse. Greece’s Regulatory Authority for Energy
(RAE) announced an emergency meeting to deal with what can only be construed
as a tell-tale sign that this crisis is very rapidly reaching critical mass
and may spiral out of control in the very near future:
Greece’s
power regulator RAE told Reuters on Friday it was calling an emergency
meeting next week to avert a collapse of the debt-stricken country’s
electricity and natural gas system.
“RAE
is taking crisis initiatives throughout next week to avert the collapse of
the natural gas and electricity system,” the
regulator’s chief Nikos Vasilakos told Reuters.
RAE
took the decision after receiving a letter from Greece’s natural gas
company DEPA, which threatened to cut supplies to electricity producers if
they failed to settle their arrears with the company.
Source:
Reuters
You
may have thought the financial collapse of 2008 was bad.
That
was just a warm up. The main event is staring us in the face, and the whole
of Europe has front row seats.
We’ve
repeatedly warned about what author James Rawles portrays in his fictional yet prescient
account of the effects an economic collapse has on a society. In his
book Patriots (and his follow up Survivors) Rawles details the loss of confidence in a
nation’s currency and credit, a collapse of basic services, the
emergence of bartering, the collapse of power grids and supply infrastructure
due to lack of money and labor, the rise of political extremes, and even the
civil unrest and war that follows.
Do
you still think this can only happen in fiction novels?
We
are now seeing the first signs of this happening inside of the European Union
– the largest economic zone in the world.
If
there’s is one thing we can surmise based on the last four years,
it’s that the contagion is spreading and it cannot be contained.
Today
it’s Greece. Tomorrow it could be your hometown.
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