{"id":202829,"date":"2016-01-15T16:18:50","date_gmt":"2016-01-15T16:18:50","guid":{"rendered":"http:\/\/juniorminingnews.com\/?p=202829"},"modified":"2016-01-15T16:18:50","modified_gmt":"2016-01-15T16:18:50","slug":"nothing-is-moving-baltic-dry-crashes-as-insiders-warn-commerce-has-come-to-a-halt","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=202829","title":{"rendered":"“Nothing Is Moving,” Baltic Dry Crashes As Insiders Warn “Commerce Has Come To A Halt”"},"content":{"rendered":"

\"dollarvigilante2\"<\/a><\/p>\n

Submitted by Tyler Durden<\/a> on 01\/11\/2016<\/p>\n

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<\/a>, it appears the worldwide ‘real’ economy has ground to a halt!!<\/p>\n

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Last week, I received news from a contact who is friends with one of the biggest billionaire shipping families in the world. \u00a0He told me they had no ships at sea right now, because\u00a0operating them meant running at a loss.<\/p>\n

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.<\/p>\n

You can see one such report here<\/a>. \u00a0According to it,<\/p>\n

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.<\/p>\n

This has never happened before. It is a horrific economic sign; proof that commerce is literally stopped.<\/p>\n

We checked VesselFinder.com<\/a> and it appears to show no ships in transit anywhere in the world. \u00a0We aren\u2019t experts on shipping, however, so if you\u00a0have\u00a0a better site or source to track this apparent phenomenon,\u00a0please let us know.<\/p>\n

\"\"<\/p>\n

We also checked MarineTraffic.com<\/a>, and it seemed to show the same thing. \u00a0Not a ship in transit\u2026<\/p>\n

\"\"<\/p>\n

If true, this would be catastrophic for world trade. Even if it\u2019s not true, shipping is still nearly dead in the water according to other indices.\u00a0 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…<\/p>\n

\"\"<\/a><\/p>\n

Factories aren\u2019t buying and retailers aren\u2019t stocking. \u00a0The ratio of inventory to sales in the US is an indicator of this.\u00a0The last time that ratio was this high was during the \u201cgreat recession\u201d in 2008.<\/p>\n

\"\"<\/p>\n

Hey, Ms. Yellen, what recovery? The economy is taking on water at a rapid rate.<\/p>\n

The storm has\u00a0been building for some time, actually.\u00a0Not so long ago, there was a spate of reports that the world\u2019s automobile manufacturers were in trouble because cars were not selling and shipments were backing up around the world.<\/p>\n

ZeroHedge reported on it this way:<\/p>\n

\n
<\/div>\n
<\/div>\n

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 \u201cchannel stuffing\u201d, of which General Motors is particularly guilty and whose inventory at dealer lots just hit a new record high.<\/p><\/blockquote>\n

Here is a photo of unsold cars in the United Kingdom from that article.<\/p>\n

\"\"<\/p>\n

The world\u2019s economy seems in serious trouble. You can\u2019t print your way to prosperity. All you are doing is hollowing out your economy. Draining it. And sooner or later it\u2019s empty and you have to start over after a good deal of crisis and chaos.<\/p>\n

It\u2019s no coincidence that\u00a0China is struggling desperately to contain a stock implosion. \u00a0Reportedly, banks have been told they are forbidden to buy US dollars and numerous Chinese billionaires have gone missing. \u00a0And the markets have just opened on Monday and are again deeply in the red.<\/p>\n

Here at The Dollar Vigilante we\u2019ve specialized in explaining the reality of the global faux-economy and why it\u2019s important that you not believe mainstream media\u00a0lies.<\/p>\n

In the meantime, keep your eye on this shipping story! \u00a0If it is true and worldwide shipping is disastrously foundering, it\u2019ll only be a matter of days before grocery store shelves will reflect that with increasingly bare shelves.<\/p>\n

Are people upset now? Just wait. Interruptions in goods and services, most critically food, almost happened in 2008 during the Great Financial Crisis. \u00a0For three days worldwide shipping was stranded\u00a0due to shipping companies not knowing whether or not the receiver\u2019s bank credit was good.<\/p>\n

That crisis was staved off due to a massive amount of money printing. \u00a0It 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.<\/p>\n

Sailors watch the weather to see if it is safe to set sail. \u00a0Investors should be watching the economic climate with the same\u00a0intensity.<\/p>\n

We are already sailing through very\u00a0stormy waters.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Submitted by Tyler Durden on 01\/11\/2016 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 […]<\/p>\n","protected":false},"author":1,"featured_media":5956,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[253,252,138,137,251,115],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/202829"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=202829"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/202829\/revisions"}],"predecessor-version":[{"id":202830,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/202829\/revisions\/202830"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/media\/5956"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=202829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=202829"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=202829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}