H/t reader squodgy:
“Like I said, if the BDI has effectively stopped, and all transatlantic freighters are held up in port, commodities, food, oil, general cargo is at a standstill, but we still need feeding, warming, healing & the ability to travel.”
The BDI Is At a Record Low
Unfortunately, the BDI, has just dropped another 3.1% to a new record low of 402. To anyone who knows anything about economics, it is clear that the end of this financial era is quickly coming to an end.
The MSM Conspires to Keep the Truth From the People
The Main Stream Media is totally ignoring the precipitous and unprecedented drop in the BDI. However, the impending financial crisis is not going unnoticed by those who manage the shipping industry. They recognize this as the total disaster that it is. For example, total orders at the shipyards in China, have dropped off by a nearly 60% in the first 11 months of last year according to Bloomberg.
Why Is the Record Drop In the BDI a Problem?
In President Obama’s “last” State of the Union Address last night, did he fail to mention that he will not be leaving office anytime soon? Sorry Hillary. The coming catastrophe will soon allow Obama to stay on as President in order to manage the present crisis and to, of course, “save the American people”.
America is the land of the 3000 mile salad. Virtually everything we consume, wear and use is shipped thousands of miles. The BDI measures the volume of shipments on a global scale. If the volume of shipment was any lower, nothing would be shipped. Could you write the ending to this? Can you even imagine mass starvation and civil unrest of unprecedented proportions?
This Perfect Storm Could Cause You to Starve to Death
This Sunday night, on The Common Sense Show, I am interviewing prominent farmers who are going to reveal something that the federal government and MSM will not tell you. Namely, 15% of all American farmers will not be producing food for sale during 2016 because of the onerous federal restrictions placed upon our food producers. In short, they are quitting the business. To those that are still producing food, they are going to have trouble shipping the food. Why? Because the credit that is needed to borrow money for the common purpose of shipping to market is greatly diminishing. As shipping and manufacturing continue to crumble, we are going to see shortages in America that we have never seen.
When the crisis become acute, only days to months away, currencies across the planet will collapse and no product will move. This is the stuff that starvation, mass food riots and martial law are made of. We are about to see suffering in this country on an unprecedented scale
The Economy Is In Free Fall
Another precipitous incident that could collapse the economy will could consist of the the next false flag event which will likely collapse this fragile economy. If it is not a cyber attack upon the banks, any false flag event will do quite nicely (e.g. terrorist attack). When this happens, food will not be shipped to your neighborhood grocery store. The American economy will come to a complete standstill. Economic collapse is imminent.
Michael Snyder wrote an excellent analysis related to the true state of the economy. He was quite clear and convincing in his presentation that America is already in free-fall. Every economic indicator says the economy is collapsing like a house of cards except for the Stock Market. When the Stock Market crashes, that will be the final straw. Oil has crashed as it is now selling for less than $40 a barrel. Oil is projected to soon be at $26 a barrel. This is good news, right? Wrong, if shipping oil is not profitable, it will not be shipped. Subsequently, oil will soon not move. If oil is not in play, every product will sit at is place of origin. How many different ways can you spell starvation and medication shortage? Further, Snyder writes that the cash is being sucked out of the economy. Available cash on hand is at an all-time low. America is like the punch-drunk boxer that is ready to take a tumble with the slightest amount of pressure.
There Are None So Blind As Those Who Will Not See
I feel like it’s the Monday before Black Tuesday in 1929. I know that many of you have family members who think you are insane to suggest that your bank could fail. My heart breaks for many of my fellow Americans who will never know what hit them and have not prepared.
Only a fool is keeping their hard earned assets in the dollar and leaving it deposited inside of a bank that the courts have ruled own your money once you deposit your paycheck!
Despite several and multiple warnings coming from both this publication and dozens of others that the crash of the U.S. economy could come at any time, some people continue to go through life as if nothing is wrong.
Logic means nothing to the sheep of America, proof means nothing to these people, even scripture from Revelations means nothing. It is as if some people go from website to website and leave their message of ignorant bliss that our economy is fine and we will never have anything to worry about and anyone who says different, is a fear-monger. By the way, the term “fear monger”, just like the term, “conspiracy theorist”, was created by the mainstream media, in order to marginalize any individual who has serious concerns about the elite and their intentions regarding the direction that the planet is headed.
Unfortunately, the BDI Is the Tip of the Iceberg
The United States taxpayer is on the hook to JP Morgan and Bank of America for nearly $80 trillion dollars, apiece, in order to cover their share of the derivatives debt. Raise your hand if you knew that. We must have a lot of broken arms in America this morning. Amazingly, very few have mentioned this in the three years that this “silent” bail-out has been in effect.
First of all, if you are one of the millions of customers of these banks, you need to realize that the entire GDP of the planet is under $70 trillion dollars and your bank owes more money to the originators of the Credit Swap Derivatives than the entire value of the planet, per mega bank! Take your time, I will wait right here as you rub your eyes and reread the previous passage… I know that those of you who have a bad case of cognitive dissonance are sweating profusely.
The facts are so indisputable, that even mainstream publications such as Bloomberg are reporting on this reality and have been since 2011 when the Federal Reserve and the FDIC guaranteed the derivatives debt for JP Morgan and Bank of America for derivatives debt up to almost $80 trillion dollars each.
Even Robert Reich previously wrote an editorial piece expressing grave concern over the state of the derivatives debt, the U.S. mega banks and how the U.S. taxpayer is now on the hook to support the trillions of dollars of derivatives debt. The situation is so dire that Bank of America shifted its derivatives debt, previously located in its Merrill Lynch investment banking unit, to its banking depository arm, which magically was given access to the Fed discount window and is protected by the FDIC (i.e. that would be you).
In 2013, Bank of America had a little over one trillion dollars in deposits. The FDIC is guaranteeing the derivatives debt for this bank to the tune of almost $80 trillion dollars. And the entire GDP of the planet is less than the FDIC guarantee. This is a prescription for economic Armageddon.
Solely based upon the condition of the megabanks, it is a foregone conclusion that these bank customers are going to lose their assets. Since the U.S. only takes in $2 trillion dollars per year, where is the money going to come from to cover the derivatives debt? The interest on the derivatives debt is exploding faster than we can pay the interest on it and the interest is estimated to be $505 trillion a year. This one set of circumstances is enough, on its own, to collapse the U.S. economy. This could be the straw that breaks the camel’s back. However, we have a lot of straws sitting upon the backs of the American camel.
The crash could happen tomorrow. If the elite continue to artificially prop up Wall Street’s Stock Market, the economy will still die. When oil does not reach its final destination, neither will food and we will witness the meaning of the term “Hell on Earth”, may God help us.
In short, store food and water, buy guns, and convert your cash to gold and silver.