Imminent Food and Product Shortages Here In The US Within Months?

[Jeff]

In an Economic System whose every facet and nuance is subtly linked with that of every other country through the domino chain monstrosity known as "Globalism", shipping of goods and commodities is the lifeblood of our current consumer society. A massive drop in shipping activity is a prophetic indicator of near-future economic instability, or in this case, complete collapse. The "Baltic Dry Index", which tracks and records this activity, would certainly be a warning alarm to such a collapse. So why then has this index been completely ignored by the Mainstream Media? Perhaps because it is one of the few index's that is not directly associated with Stock Market trade, meaning, its information cannot be manipulated by short sellers, corporate monopolies, or speculators, the way that the Gold and Silver markets have been manipulated. If the MSM were to inform the public of the BDI's 93% drop over the past year, they would be effectively alerting the people (who still have naive hopes of some fantastical recovery) that a complete disintegration is about to take place. Such an early warning would surely risk the plans of the Media's CFR puppet masters.

Creditors are no longer willing to take lending risks on the shipping of goods that may not sell. Shippers are then unable to continue operations of their businesses, and thus, the vicious cycle of "scarcity" begins. This is how the current Food Crisis will expand one-hundred fold within a period of only a couple years, crushing what was left of the American Consumerist Illusion, although it is likely that island nations such as the UK and Japan will be effected first. Here is a very well made video explaining how the BDI works, and what it means:

See My Posted Video here or on Vote Strike - The Baltic Dry Index - Vital, Critical Information

Crisis Hits World Shipping

Oct. 20, 2008 (EIRNS)—World shipping of key commodities is grinding to a halt as shippers cannot get banks to give them the credits they need to finance operations, according to numerous reports today. The Australian reported that the "Baltic Dry Index" has plunged 80% this year. This index is a measure of commodities-shipping costs, which reflects demand and prices for bulk carriers, which is at the lowest point since November 2002, when demand for metals was low. Australia is one of the world's biggest iron ore producers. The Baltic Dry Index was at 1,506, down from 11,893 points in May this year.

The U.S. market is contracting: In September, inbound container numbers at the Port of Long Beach in California were down 15.8% from a year earlier.

China is expecting a severe downturn in shipping. China Shipping Container Lines, China's second-largest container line, expects a 10% volume shrinkage this year. Bloomberg quoted Zhang Denghui, assistant president, saying that "Traffic will drop at least 10% for the full year. An even much larger drop is possible, as the full impact of the global economic turmoil is yet to come."

Also, the Pacific Basin Shipping Ltd., Hong Kong's biggest dry-bulk carrier, and Precious Shipping Pcl. said demand for moving coal, iron ore and other commodities will fall because banks are guaranteeing fewer loads, Taiwan's Central News agency reported today. "Letters of credit and the credit lines for trade currently are frozen," Khalid Hashim, managing director of Precious Shipping, Thailand's second-largest shipping company, said in Singapore yesterday. "Nothing is moving because the trader doesn't want to take the risk of putting cargo on the boat and finding that nobody can pay."

SOURCE: http://www.larouchepub.com/pr/2008/081020crisis_hits_shipping.html


BELOW: The Baltic Dry Index

http://www.investmenttools.com/futures/bdi_baltic_dry_index.htm