Adan Salazar & Kit Daniels
February 11, 2014
Atlanta residents ransacked neighborhood grocery stores in frantic preparation for their second major snowstorm of the year, waging fights over food items and leaving destruction and empty shelves in their wake, a stunning precursor to what will ensue once a major crisis impacts the U.S.
After three inches of snow shut the city down two weeks ago, causing major havoc and leaving miles of cars stranded on immobile roadways, the residents of Atlanta took heed and shopped early.
According to people who Tweeted photos of barren store shelves, residents went crazy over essentials like milk, water and eggs, and in some cases “people were fighting. Yes fighting,” alleges one user.
Given Americans’ propensity to riot over such inanities as Black Friday sales and winning sports teams, could fights and empty shelves be expected in the midst of a major crisis?
Of course, and the only remaining question is merely what kind of crisis would trigger such panic. It could easily be triggered by an economic collapse, for example, which America is already teetering towards.
Currently, the U.S. stock market is behaving eerily similar to how it behaved right before the stock market crash of 1929 which ushered in the Great Depression.
“The market over the last two months has continued to more or less closely follow the 1928-29 pattern outlined in that two-months-ago chart,” Mark Hulbert with MarketWatch reported. “If this correlation continues, the market faces a particularly rough period later this month and in early March.”
America is already in worse shape economically than it was prior to the 2008 financial collapse and a number of other past economic crises.
“We’re in worse than we were at the peak of the NASDAQ bubble in 2000,” financial commentator Peter Schiff said in October. “We’re in worse than we were going into the Great Depression in the 1930s.”
For the past several decades, countries around the world have relied on the fiat U.S. dollar as the world’s reserve currency, which has kept America afloat despite its mass disappearance of manufacturing capability and its burdensome trade deficit.
Yet demand for the dollar is already waning globally.
China already announced back in November that it would stop stockpiling dollars, which will gradually decrease the demand for the dollar as well as its value.
The Shanghai Futures Exchange also announced that it may start pricing crude oil in yuan instead of dollars, a move that will accelerate the dollar’s collapse even further.
So it’s a given that a major crisis will occur, at least economically, and we’ve already seen mass panic recently.
As we documented late last year, Americans were already prepared to riot if the EBT food stamp system crashed, as it did in Mississippi and Louisiana, where residents staged mini-riots and looted several Walmart chain stores.
And a recently passed federal farm bill will bring even more cuts to the food stamp program, approximately $8.6 billion, or roughly $90 per month per recipient – nearly a week’s worth of groceries.
Following the acquittal of George Zimmerman in the Trayvon Martin murder case, teens in different parts of the country instituted a “rolling crime wave,” establishing a trend of flash mobs, mini-riots and looting.
Indeed, one need look no further than last November 29, where Black Friday shoppers at Walmart trampled and ravaged one another over cheap electronics and other non-essentials.
While users are correctly attributing this round of panic buys to inclement weather, the fact that stores across the nation could see similar activity in the wake of a major crisis isn’t so far-fetched.
If Americans already engage in riots at nearly every opportunity, it’s certainly no stretch to speculate the type of scene witnessed in Atlanta grocery stores could unfold in every U.S. city in the event of a bank run, a food stamp crisis or the dollar’s eventual collapse.