World Shipping Sinks - Global Economy is Diving - Again!
The Baltic Dry Goods index can be used to measure the vibrancy of global trade shipments.
The index tracks the rate of shipping goods around the world. As shipments dry up, the cost of shipping goes down as vessels are laid up redundant and world trade grinds to a standstill.
So bad is the demand for shipment of goods one owner recently paid the shipper to use his cargo vessel – the alternative was to close down and lose everything.
“They’re doing this because you can’t just have ships sitting. If they sit too long, then that’s hard on the ships. They have to keep them loaded and moving from port to port,” said Darin Newsom, senior commodities analyst at DTN.
In 2008 the Baltic Dry Goods Index crashed alarmingly and proved to be a harbinger of global economic collapse. As can be seen from the graph the collapse was dramatic and recovery barely evident.
As of this month the Index has continued the erosion first seen in 2008, compelling evidence the world economy is poised to complete its inevitable plunge to total oblivion.
False and artificial means of “propping” temporarily created the illusion of “recovery” since 2008 when gravity exerted its irresistible force upon the global bankers and elitist leaders ponzi scheme.
The printing of trillions of dollars/euros/sterling does not a solution make, neither does TARP, EQ sequels and other contrived government and treasury salvation schemes, at best the can is kicked down the road for future generations to deal with, at worst devaluation of prior wealth is diluted beyond belief. In the meantime we witness the awful truth unfolding as countries such as Greece succumb to economic reality and crushing debt envelopes the developed nations–the finality of immutable mathematics cannot and will not be denied.
The burning question of the moment is…
For those in denial – it may seem comforting to see various stock market indicators returning positive growth indications but for the situation-ally aware I advocate a closer look and caution that vested interests have their hands on the knobs that dial such gauges in.
Preparation for self-evident inevitability is a prudent and sensible approach – “no shipping”– may indicate a year of growing shortages.
Stay tuned…
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There is no shipping because there is no money to pay for it. It doesn’t take a genius to work out what happens next.