Baltic Dry Index: BDI says global shipping has shut

[Pragmatic]

Subject: Baltic Dry Index
(Shipping situation that effects all of us)

posted by:

Norman D. Plume

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ProxyWhore

Emphasis added by this poster.

An Email I Received On My Baltic Dry Index Video:

I've been discussing the Baltic Dry Index (BDI) with everyone I
can for months now. I started following it in June of 2008. It's not a
traded index so no one profits from the index itself, which makes it
virtually manipulation proof. It is what it is and that doesn't bode
well for any of us.


OK, we have 26 shipping routes around the world that the BDI looks
at. Shipping stocks are slaves to the BDI. Capesize Ships (over 100,000
tons) make up only 10% of the World Fleet but move 62% of Dry Bulk
Traffic (at a given time Australia has 35/40, China 20, Brazil 40-50, S.

Africa 1-7). Panamax Ships (60,000-80,000 tons) make up 19% of the world

fleet and move 20% of the Dry Bulk Traffic (at a given time Australia
has 40-60, China 20-35, Brazil 3-12, S Africa 0-1). There is a third and
fourth ship size but they are quite small and they aren't movingeither.

If we can use the Baltic Dry Index (BDI) as a guide for the next
12 months of product delivery and food availability in the stores we
shop in then the BDI says shelves will be virtually empty of almost
every product we use each and every day.
If the BDI is wrong it will be an historic first. The BDI is used
by bankers, financial experts, brokers, traders and everyone in high end
finance to assess the global financial condition and the availability of
products worldwide.

The BDI has dropped 94% in a short few weeks which means raw
materials, grains, ores, steel, iron, cement and all imported products
for food manufacturing and product manufacturing even though we actually
do very little of that here in the US.

We do make bread and other products that require grains, like
cereals. We import clothing, gasoline, various fuels and, well, just
about everything these days and the BDI says global shipping has shut
down. NOTHING is moving.

Because this spells disaster for a country that produces little
and imports everything I have been intently blogging about the subject
and asking people to view a short video I have posted (8 minutes)
on:


Ed note: good video...

http://thegreendragon.ning.com/video/vital-critical-you-must
<http://thegreendragon.ning.com/video/vital-critical-you-must>

The Baltic Dry Index (BDI) is an indicator of how much product is
actually out for delivery throughout the world. It cannot be cheated or
manipulated because it deals with actual products that are either
actively being shipped, or are on docks awaiting to be shipped as
Freight On Board (FOB).

As the chart below proves, back in June, 2008 the BDI stood at a
reasonably healthy 11,600. As of today, the BDI has plummeted to 791.
That's about a 94% drop in goods actually being shipped
worldwide.

This portends unprecedented disaster around the world, especially
as it relates to food. Products are simply not being shipped. They
aren't being shipped because there aren't any orders for them.

This will translate into massive, unprecedented unemployment
worldwide and, as things get worse, massive food shortages.

I have urgently asked each of you to stock up on dry foods like 50
lb bags of rice, 50 lb bags of oatmeal, beans, powdered milk, canned
foods, canned vegetables and such to assure your family will have enough
to eat when the world economy totally collapses.

Many of you laughed me off as some sort of kook for making those
suggestions, with some of you going so far as to call me "chicken
little, the sky is falling." Well, it appears I'm having the last
laugh.

I correctly forecast the economic meltdown which took place in
September. For over a year prior to that meltdown, I warned it was
coming and, in March of 2008, I actually pinpointed the month the
meltdown would take place, warning you it would happen in September. It
did.

Now I am once again warning you about food shortages because the
facts are irrefutable. The BDI proves that goods are not being shipped.
There has been a 94% reduction in shipped goods since June of this year
and it is only going to get worse.

If you do not have food stored up for your family, you will starve
to death. If you do not own guns and ammunition, any food you DO have
will be stolen by roving bands of savages who are trying not to starve
to death.

The social breakdown that is coming is unparalleled in modern
history. We are going to suffer on an order of magnitude greater than
folks suffered during the Great Depression. Please, I urge you, prepare.

There are only a few precious months left before it all goes to
hell.

So as I said, I have been emailing everyone I can think of and
here's a very interesting email I received back from a friend
tonight. He's a senior level electrical engineer for a large engineering and
construction firm in Denver and designs and builds large power plants
for a living.

Hi Jeff,

Quite the contrary, I'm well acquainted with the Baltic Dry Index.
My brother is a mid- to high-level executive with a logistics/cargo
firm. His company (as well as all other shipping companies) have seen
huge dives in the amount of business they do.

The main point that many people do not understand is that without
trade between states and nations no one prospers! It's always
tempting to say "screw the third world countries and screw the Chinese with all the crap they send over here!

Let's shut our borders down and not import anything!"

But the reality is that no country that practices such
Draconian protectionist policies ever lasts very long. So with that, it
is of huge concern to you, me, and everyone else "in the know"
when the BDI drops so drastically! The whole world is truly tied at the hip, as the saying goes!

Brother, I'm on board with you 100%! I sincerely appreciate you
taking the time to send me the link (which I will watch by this
weekend). You hit the nail on the head in that 98% of the people in this
country have not one clue what the BDI is, what it indicates; nothing!
The truly sad thing, to me at least, is that the masses of "useful
idiots" (as Lenin called them) have no clue what is going on around
them, yet they so eagerly and boisterously vote! I'm afraid that this
country is going to have to go through a considerable amount of pain
before the uneducated, ignorant (and I won't say stupid because they
simply have not been taught) masses "get it".

I am a senior level electrical engineer for a large engineering
and construction firm in Denver. I design and build large power plants
for a living. Without giving the whole story of my career believe me
when I say that in the next few years this country will see rolling
blackouts (and that's not taking into account another terrorist attack
on our country!). If the people in this country knew what I know first
hand about our power grid and the condition of our (very old!) power
plants in this country, they would probably crap themselves in fear! The
only surprise to me is that the blackouts didn't happen this past
summer, but that was due to 2008 being a cooler year than expected.

The bottom line is, our power grid (and for that matter, much of the
infrastructure in this country) is tapped out and actually older than
its expected life.

And yet, our wonderful federal government, elected by us "useful
idiots", continues to spend, spend, spend like drunken sailors.

Why?
Well, because that's what we've "always" done! It
sickens me!

Take a look at Chris Martenson | Information on the global economy, environment, and our energy challenges. Real estate, oil, community, homes, money.
<http://www.chrismartenson.com>

This fellow has his head
screwed on straight!

Take it from me brother, I build power plants for a living. But I
still have a basement full of not just guns, ammo, and food, but of
fuel! White gas, propane bottle's, even sterno & alcohol type cans.
Do yourself a favor if you haven't already, STOCK UP on a fuel supply,
at least so that you can cook and have some modest heat if you don't
have a fireplace! Consider what you have and ask yourself if you have
enough to get you through a month, 2 months? Three?

God Bless Sam's Club for carrying Coleman fuel and propane and
such...

I'll share more of my knowledge (limited though it is) with you
later on.

Peace be with you brother. Hope for the best but prepare for the
worst!

XXXXXXX

Believe or don't, the choice is yours but at the very least I
suggest you start doing the research on this subject or you may be
starving in a few short months.


Peace be upon you