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Greek Power Regulator Calls Emergency Meeting to Avert Collapse of Power Grid and Natural Gas System
SHTF Plan ^ | 6/3/12 | Mac Slavo

Posted on 06/03/2012 6:25:59 PM PDT by Kartographer

When the political and economic systems of entire nations collapse the consequences are devastating.

Earlier this year pharmacies and hospitals in Greece were unable to provide life saving medicines due to a shortages caused by a freeze in the flow of credit from manufacturers to distributors to patients. A collapse in the country’s economy has forced many Greeks to turn to black market barter economies and has left millions financially devastated, with no hope of finding an income stream for the foreseeable future.

The credit system of the entire country is in shambles. So much so that reports are emerging about food shortages and hunger within the Greek prison system, suggesting that serious problems in the food delivery chain have begun to materialize.

As Nigel Farage warned recently, we are beginning to see the rise of extreme political parties as a consequence of the total and utter desperation of the populace.

Today the news gets even worse. Greece’s Regulatory Authority for Energy (RAE) announced an emergency meeting to deal with what can only be construed as a tell-tale sign that this crisis is very rapidly reaching critical mass and may spiral out of control in the very near future:

(Excerpt) Read more at shtfplan.com ...


TOPICS: Business/Economy; Government
KEYWORDS: eucrisis; eurosocialism; gloriesofsocialism; greece; greececrisis; greeceutilities; italy; obamanomics; preparedness; preppers; russia; thecomingdarkness
Reuters:Greece's power regulator RAE told Reuters on Friday it was calling an emergency meeting next week to avert a collapse of the debt-stricken country's electricity and natural gas system.

http://uk.reuters.com/article/2012/06/01/uk-greece-power-idUKBRE8500QA20120601

1 posted on 06/03/2012 6:26:08 PM PDT by Kartographer
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To: Kartographer

What is the Ann Rand quote about not being done until the lights blinked out in NYC?


2 posted on 06/03/2012 6:40:24 PM PDT by bill1952 (Choice is an illusion created between those with power - and those without)
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To: Kartographer

To put this in the right prospective for people to understand...when you are a diabetic and need insulin from the pharmacy....you need to cough up cash because the national health care plan won’t put the stuff at the drug store on a dependable basis. The pharmacy doesn’t keep the stuff in the store....they have to order it from France, so you wait three days for it to be flown in. Cash is the only way...to make drugs flow to the people who need them.

So you come to natural gas. In the old days, you ordered a delivery of tank, and paid two weeks after the fact. Now? You have to have cash...to get the delivery guy to fill your tank.

Then you come to electrical power. If you get the bill, I would imagine that you have five work-days to pay it in full, or they cut you off.

The key to this whole mess....is that you need to carry around a wad of money for just about everything. Your mechanic won’t talk to you about the transmission job unless you put down cash when you drive the car in. Your Dentist won’t work on you...unless you put the cash on the table. Your lawyer won’t talk divorce paperwork, unless the cash is on the table.

So put yourself and America into the Greek scenario, where your life is ever dependent on cash in your pocket and how quickly you can pay every bill as fast as possible. This is what you really have to worry about.


3 posted on 06/03/2012 6:40:31 PM PDT by pepsionice
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To: pepsionice
-- So put yourself and America into the Greek scenario, where your life is ever dependent on cash in your pocket and how quickly you can pay every bill as fast as possible. This is what you really have to worry about. --

My impression of this emergency meeting is that the same issue is playing at the supplier level. Power plants, power transmission grids, and gas lines need fuel and maintenance in order to operate. And fuel and maintenance take money. No coal? No gas? Then the power plant has to shut down. Equipment breakdown, need a repair? Show me the cash.

Instead of the fine-grained, personal impact, now we get into coarser-grained effects, where large geographical areas find utility availability to be spotty.

4 posted on 06/03/2012 6:47:35 PM PDT by Cboldt
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To: bill1952

Exactly... Greece meets Atlas Shrugged.


5 posted on 06/03/2012 6:52:25 PM PDT by Brilliant
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To: Kartographer

....with no hope of finding an income stream for the foreseeable future.

Does that mean they will die of financial dehydration?


6 posted on 06/03/2012 6:52:50 PM PDT by RetiredTexasVet (There's a pill for just about everything ... except stupid!)
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To: pepsionice
"So put yourself and America into the Greek scenario, where your life is ever dependent on cash in your pocket and how quickly you can pay every bill as fast as possible. This is what you really have to worry about."

I don't worry about paying in cash - prefer it actually--

So far.....

7 posted on 06/03/2012 7:14:18 PM PDT by Paladin2
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks Kartographer.

http://www.freerepublic.com/focus/news/2890299/posts?page=10#10


8 posted on 06/03/2012 7:50:30 PM PDT by SunkenCiv (FReepathon 2Q time -- https://secure.freerepublic.com/donate/)
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To: pepsionice

What is the advantage of cash over a prepaid debit card?


9 posted on 06/03/2012 8:11:42 PM PDT by Ken H (Austerity is the irresistible force. Entitlements are the immovable object.)
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To: Kartographer
"So much so that reports are emerging about food shortages and hunger within the Greek prison system..."

Now that's vanity and cruelty. All who are moral and see that news will pray for the general process to complete. Have fun. Enjoy the fall.


10 posted on 06/03/2012 9:09:24 PM PDT by familyop ("Wanna cigarette? You're never too young to start." --Deacon, "Waterworld")
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To: Kartographer

When the socialist government controls everything and the people are totally dependent on the government for survival and have no inclination to prepare, people die when the socialist government runs out of other people’s money.

A lot of Americans would be up the creek. But the whole nation is not totally dependent in mentality - yet.


11 posted on 06/03/2012 9:24:56 PM PDT by SaraJohnson
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To: Ken H

What if there’s no money in the ATM? What if the stores say “Cash only”? What if the electricity is off? Debit cards won’t work.


12 posted on 06/03/2012 10:06:11 PM PDT by Terry Mross ("It happened. And we let it happen." Peter Griffin - FAMILY GUY)
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To: Ken H
What is the advantage of cash over a prepaid debit card?

The person or business receiving a debit card payment must have the ability to process the payment in order to get paid. In the present day, that would require either a merchant account or a Paypal account. Those accounts also require electricity to fully process. If the power starts to get intermittent, processing electronic payments gets more difficult. That is why cash will be King for awhile. And when electricity gets unreliable, many present day businesses will have to fold or at least experience numerous complications. For example, Facebook is useless without power.

13 posted on 06/03/2012 10:07:08 PM PDT by justa-hairyape
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To: bill1952

“He stepped to the window and pointed to the skyscrapers of the city. He said that we had to extinguish the lights of the world, and when we would see the lights of New York go out, we would know that our job was done.”


14 posted on 06/04/2012 12:42:45 AM PDT by John Locke
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