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 help 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.