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Monday, May 23, 2016

"Venezuela had officially run out of money to print new money."

Over the last several years there is documented reporting, with clockwork regularity Venezuela's collapse into failed state status, which was cemented several weeks ago when news hit that "Venezuela had officially run out of money to print new money." At that point the best one could do was merely to step back and watch as local society and civilization turned on itself, unleashing what would ultimately turn into Venezuela's own, sad apocalypse.
This is what Caracas looked like last week:
These are simply hungry Venezuelans protesting that their children are dying from lack of food and medicine and that they do not have enough water or electricity. As AgainstCronyCapitalism added, this is a country with more oil than Saudi Arabia, and their government has stolen all the money and now they bottleneck peaceful protesters and threaten them with bombs (or haul them to prison and torture them).
Now, in the latest shocking development, Venezuela saw a new wave of looting this week that resulted in at least two deaths, countless wounded, and millions of dollars in losses and damages.
On Wednesday morning, a crowd sacked the Maracay Wholesale Market in the central region of Venezuela. According to the testimonies of merchants, the endless food lines that Venezuelans have been enduring to do groceries could not be organized that day.
As time went by, desperate Venezuelans grew anxious over not being able to buy food. Then they started jumping over the gates and stormed the supermarket.
"They took milk, pasta, flour, oil, and milk powder. There were 5,000 people" one witness told Venezuela outlet El Estímulo.
As a result of the massive crowd, the authorities were unable to preserve the peace"There were 250 people for each National Guard officer… lots of people and few soldiers. At least one officer was beat up because he tried to stop the crowd," another source told El Estímulo.
Over the last two weeks, several provinces have hosted scenes of looting in pharmacies, shopping malls, supermarkets, and food delivery trucks. In several markets, shouts of "we are hungry!"echoed. On April 27, the Venezuelan Chamber of Food (Cavidea) reported that the country's food producers only had 15 days left of inventory.
Social Collapse Is Inevitable
With the economy dead, the only thing remaining is to watch as society implodes. To that end, Oscar Meza, Director of the Documentation Center for Social Analysis (Cendas-FVM), said that measurements of scarcity and inflation in May are going to be the worst to date. "We are officially declaring May as the month that [widespread] hunger began in Venezuela," he told Web Noticias Venezuela. … "As for March, there was an increase in yearly prices due to inflation - a 582.9 percent increase for food, while the level of scarcity of basic products remains at 41.37 percent."
Meza said the trigger for the crisis is the shortage of bread and other foods derived from wheat.
"Prices are so high that you can't buy anything, so people don't buy bread, they don't buy flour. You get porridge, you see the price of chicken go up and families struggle … lunch is around 1,500 bolivars… People used to take food from home to work, but now you can't anymore because you don't have food at home."
This why, Español Ramón Muchacho, Mayor of Chacao in Caracas, said the streets of the capital of Venezuela are filled with peoplekilling animals for food. " Muchacho reported that in Venezuela, it is a "painful reality" that people "hunt cats, dogs and pigeons" to ease their hunger."
One can only hope that these shocking scenes remain relegated to the streets of offshore socialist paradises, although Americans should always prepare for the worst in case they eventually manage to make their way into the country.

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