Baltic Dry Index Slides As 'Insiders' Warn Commerce Coming To A Halt

Sat Jan 16 13:49:53 GMT 2016

"Nothing Is Moving," Baltic Dry Crashes As 
Insiders Warn "Commerce Has Come To A Halt"
http://www.911forum.org.uk/board/viewtopic.php?p=171789#171789
Two brilliant tools to keep an 'independent' eye 
on how healthy the REAL, QE Free, global economy is.
http://www.marinetraffic.com/
https://www.vesselfinder.com/
Submitted by Tyler Durden on 01/11/2016 13:05 -0500
http://www.zerohedge.com/news/2016-01-11/nothing-moving-baltic-dry-crashes-insiders-warn-commerce-has-come-halt

Baltic Dry China General Motors Reality recovery United Kingdom World Trade
The continued collapse of The Baltic Dry Index 
remains ignored by most - besides we still have 
Netflix, right? But, as Dollar Vigilante's Jeff 
Berwick details, it appears the worldwide 'real' economy has ground to a halt!!
Last week, I received news from a contact who is 
friends with one of the biggest billionaire 
shipping families in the world.  He told me they 
had no ships at sea right now, because operating them meant running at a loss.
This weekend, reports are circulating saying much 
the same thing: The North Atlantic has little or 
no cargo ships traveling in its waters. Instead, 
they are anchored. Unmoving. Empty.
You can see one such report here.  According to it,
Commerce between Europe and North America has 
literally come to a halt. For the first time in 
known history, not one cargo ship is in-transit 
in the North Atlantic between Europe and North 
America. All of them (hundreds) are either 
anchored offshore or in-port. NOTHING is moving.
This has never happened before. It is a horrific 
economic sign; proof that commerce is literally stopped.
We checked VesselFinder.com and it appears to 
show no ships in transit anywhere in the 
world.  We arent experts on shipping, however, 
so if you have a better site or source to track 
this apparent phenomenon, please let us know.
We also checked MarineTraffic.com, and it seemed 
to show the same thing.  Not a ship in transit

[]

If true, this would be catastrophic for world 
trade. Even if its not true, shipping is still 
nearly dead in the water according to other 
indices.  The Baltic Dry Index, an assessment of 
the price of moving major raw materials by sea, 
was already at record all-time lows a month 
ago... and in the last month it has dropped even 
more, especially in the last week. Today BDIY hit 415...
Factories arent buying and retailers arent 
stocking.  The ratio of inventory to sales in the 
US is an indicator of this. The last time that 
ratio was this high was during the great recession in 2008.
Hey, Ms. Yellen, what recovery? The economy is taking on water at a rapid rate.
The storm has been building for some time, 
actually. Not so long ago, there was a spate of 
reports that the worlds automobile manufacturers 
were in trouble because cars were not selling and 
shipments were backing up around the world.
ZeroHedge reported on it this way:
In the past several years, one of the topics 
covered in detail on these pages has been the 
surge in such gimmicks designed to disguise lack 
of demand and end customer sales, used 
extensively by US automotive manufacturers, 
better known as channel stuffing, of which 
General Motors is particularly guilty and whose 
inventory at dealer lots just hit a new record high.
Here is a photo of unsold cars in the United Kingdom from that article.
The worlds economy seems in serious trouble. You 
cant print your way to prosperity. All you are 
doing is hollowing out your economy. Draining it. 
And sooner or later its empty and you have to 
start over after a good deal of crisis and chaos.
Its no coincidence that China is struggling 
desperately to contain a stock 
implosion.  Reportedly, banks have been told they 
are forbidden to buy US dollars and numerous 
Chinese billionaires have gone missing.  And the 
markets have just opened on Monday and are again deeply in the red.
Here at The Dollar Vigilante weve specialized in 
explaining the reality of the global faux-economy 
and why its important that you not believe mainstream media lies.
In the meantime, keep your eye on this shipping 
story!  If it is true and worldwide shipping is 
disastrously foundering, itll only be a matter 
of days before grocery store shelves will reflect 
that with increasingly bare shelves.
Are people upset now? Just wait. Interruptions in 
goods and services, most critically food, almost 
happened in 2008 during the Great Financial 
Crisis.  For three days worldwide shipping was 
stranded due to shipping companies not knowing 
whether or not the receivers bank credit was good.
That crisis was staved off due to a massive 
amount of money printing.  It was a temporary 
stay of execution, like bailing out the Titanic 
with coffee cups, however, and one that may reach 
much larger proportions in 2016.
Sailors watch the weather to see if it is safe to 
set sail.  Investors should be watching the 
economic climate with the same intensity.
We are already sailing through very stormy waters. 
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