Coming Soon to a Country Near You
There was a great story in last week’s Daily Mail about Athens residents queuing around the block for food parcels – one that should ring warning bells for the rest of the industrialized world. Economic analysts who chart the link between oil production, price and economic crises (including Paul Craig Roberts, Max Keiser and Marc Faber) are predicting another major economic crash by the end of 2012. This time there are virtually no oil reserves, in the US or elsewhere, to call on. This time most, if not all, industrial activity will cease (as it nearly did in 2008). We can also expect the energy and telecommunications grid to collapse in many regions and a major upheaval in food distribution, i.e. you are likely to find empty shelves at your neighborhood supermarket.
From the Daily Mail article:
“Starving Greeks queued around the block for free food handouts yesterday as the country’s politicians managed to end a crippling stalemate to form a coalition government.
Young children as well as the elderly waited in line in Athens to collect the parcels of fruit and vegetables donated by farmers from Crete to help ease the devastating austerity faced by many Greeks.”
The photos are heart rending:
Read more: Starving Greeks