Post Collapse Argentina
11 years after the hyperinflationary currency collapse of Argentina, the country is still in total disarray. Two people were killed during mass looting sprees last month. At least 12 others were injured as 20 supermarkets were looted. The government of Argentina has claimed that the looting is not fueled by poverty and is primarily instigated by political opposition to the party currently in power. They also claimed that most of the looting was for electronics despite tons of photographs of looting in grocery stores. The following video does show people mostly running off with what seems to be flat screen television sets.
Looting and Riots in Argentina
Argentina’s currency, the peso collapsed in 2001 following irresponsible monetary policy and a huge run up in the national debt. Sound familiar? Argentina has struggled to restart their economy ever since. After the collapse of the peso in Argentina, a barter system arose to accommodate trade among the people. Argentina has had periods of minor recovery, but the devastation from the last decade has proven to be a challenge that they have yet been able to overcome.
Wheather people are looting because of political unrest, poverty or a little of both, Argentina is experiencing a prolonged period of civil unrest. Many people think Argentina is a good example of the turmoil that America could be facing in the near future. We have similar issues with high levels of unemployment particularly among the youth. We are continuing to use monetary policies that increase instability in our currency and bond markets. We are constantly seeing cracks in the veneer of a civil society. We are witnesses to ever increasing levels of frustration as people give up and commit random acts of violence.
Grocery shopping is the last thing you want to be doing if the US has the types of rioting and looting that Argentina is going through. There is no time like the present to start building up a 6 moth stock pile of storable food. It doesn’t have to be expensive. You can buy a little extra of the things you eat normally on each trip to the grocery. Buy watching sales and using coupons, you can quickly build your stock pile with out going over your regular weekly grocery budget. Rice and dried beans make excellent staples that are very cheap. Remember, white rice will keep much longer than brown rice. White rice can last up to 20 years if it stored properly. Brown rice will only last about a year because of the oils in the bran.
Keep prepping and check out our coupon corner for great tips on building your food stock pile on a budget.