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Wednesday, January 13, 2016

"Nothing Is Moving," Baltic Dry Crashes As Insiders Warn "Commerce Has Come To A Halt"

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 aren’t experts on shipping, however, so if you have a better site or source to track this apparent phenomenon, please let us know.

6 comments:

Anonymous said...

Bring it , been waiting for this , thanks Obama , 7 years of pure BS and lies. Our country who was the leader in world power and economics has fallen to the bottom. Survival of the fittest. WE used to set the example , I assume obama's example was incorrect.

Anonymous said...

Most of the ignorant people in the U.S. don't understand this , most are the liberal socialist of the Obama administration . We predicted this a few years back. Now that it has happened , where is the media on this , oh I see , power ball is the big and important news and the weather.

Anonymous said...

I'm predicting that this should have in excess of 100 comments , at least I hope there is a lot of concern and maybe some solutions.
I can't believe that this post isn't generating a multitude of comments.

Anonymous said...

Bank lending rates for the rich are about to go negative so they can continue to spend while the rest of us wait for a world recession that will affect everyone.

Anonymous said...

So the race is on, WWIII or world economic crash, time to repent and get right with God.

lmclain said...

This SHOULD be big news on the networks.....the ripple effect alone is worth billions.
Hope you have your food, water, guns, ammo, batteries, and med equipment....
Keep cheering.
While you still can....