@lemurproductions if you look close to when it was uploaded, the date is December 15th 2008, also look closer at the scale, the end of the 'line' is just short of Jan 1st 2009..
Want a good model for society to survive without killing each other for an ear of corn??? petition for true land titles back for the people who have paid off their loans end taxes on properties piad in full that does for cars with registration and licenses. Once people have proven to be able to operate a car that is full paid for no liability should be any concern to insurance companies. But full responsibility should be given to people who are reckless in there actions by a Jury.
Ironically Like a shark the economy with Fiat money must keep moving to survive. And if the people stop buying goods stores close tax receipts drop police get layoff projected lists public workers are loosing 1 or 2 days furthering the death of the fiat economy lessening credit. The main issue is we use to have true ownership of land and could survive on that land by saving seeds and becoming resourceful with saving food and using live animals haul goods and supplies.
everyone needs to start supporting local butchors and grocery stores again because if this is true as fast as all the wal marts sprang uup they will be gone!
You know the trend research said somthing about people are going to buy from local farmers and local goods this year of 2010. what this guy is talking about could be the effect of it
The USA can feed itself. It feeds a great percentage of the world as well.
I agree there is a financial crisis but to show empty grocery shelves it is a bit of a stretch. A crisis would mean people drive less or not at all leaving more fuel to farm with. There is lots of land laying idle which could quickly be put to use. Okay, US doesn't get bananas from Bolivia. I would miss them but not starve. Search for Valcent Alga and see where fuel could come from.
I'm wide awake. I have enough land to grow a years supply of food every year. I heat with wood I get from my own land and there is enough for at least five years.
I was born in 46 so of course I have heard of the depression. That is why I support the GOOOH movement. Time to end control of the US by the fed reserve and get serious about ending the plans to bankrupt the country. If the UN tries to take us over, bring home the troops and close the borders. Arm yourself for the coming crisis.
@FLINSTONE9812 AGREED! I am doing the same! I live on top of one of the tallest mountains in the world! Year round skiing!
I am afraid I do not already have the supplies you do athough, my indian herritage makes me a great hunter gatherer....... I only meant for you to connect the dots to food shortage even tho we are a great nation. More is at hand than this....... I have great repect for those older than I, as you are. It is time to prepare, but what time have we left to prepare?
Dehydrated foods take up the least amount of space and require no freezing, no electricity. I suggest everyone get a dehydrator and learn how to use it. Canned goods are handy but heavy. Plus the metal cans might rust if they get wet. They should coated with a vegetable oil and stored in a safe location. Mine are in plastic tubs. A good way to store grain is in Mylar bags with oxygen absorbers and place the bag in five gallon plastic pails. That will last ten years or more.
@flintstone9812 Many ways life soar and wind just to mention some really really cheap ways if you build them on your own........ Easy to do, and easily will power your home ans more.......
@flintstone9812 That was supposed to say: Solar, wind and hydro-electric. Anyway, good job for sharing how to store and "keep" food stuffs. People need to know this stuff. Take it easy Flinstone.
the prices on recyclable metals is high right now...but shipping has stopped....what does that mean....think folks ....the government is preparing for WAR its not a manfacturing boom...
yeah, ammo is gotten real expensive too. What I find intersting about this chart is the comment made author about this index NOT easily being manipulated because its NOT traded or shorted. The chart looks like a classic over traded bubble which bust last year?
@oriondarkwood LOLOL!! :-P I loved that...gotta remember this one! *cracking me up!!!!!!* must share this w/my friends they're gonna love it! Reminds me of "Praise The Lord & Pass the Ammunition!" FOCLHerAO!!
Just finished watching this. What a complete idiot. THE BDI fluctuates wildly but it is a great leading economic indicator, far more accurate than others in predicting GDP growth worldwide. But this guy needs to lay off the dope. There is no global economic meltdown. This index fluctuates from month to month dramatically.
you dipshiat... look @when the vid was posted and look@ what happened this past March... come back in a year and see where everything else is after obamma.... dollar is/ will be vapor... it will not survive ChrisTmas and in case it does, it will not survive -50% tax revenues next April... get your head out of your arse and start hedging
It is not just one country but rather the entire economy and yes the US is at the center of it all. The reserve banks are like the iceberg that sank the titanic to the world economy.
What will cause us long term damage is losing our status of having the reserve currency. If not for that, we'd have been down the tubes long ago. G20 won't allow that to continue unless they see signs that we're addressing our long term deficits in entltlements (now we have 17% of the votes which is a lot of power, but that will change if we keep deteriorating). The economy has nothing to do w/ politics/liberal/conservative - only #s. Watch documentary IOUSA if you haven't, so enlightening!
It's a shame,so many Americans are asleep.Anyone that try to enlighten,and educate,like the person that made this video,is laughed at,or labeled a conspiracy theorist.I don't know if many are asleep,or have been dumbed-down,to the point of NO return.We are headed for some very tough times in America.Look at whats happening in the US,Banks are closing,GM may be gone from the country in a year,,WAKE UP folks
George is a liar and is using the financial collapse situation to gain sympathy for his so called problematic situations and get funds from caring real Americans that care about people, he is a fraud and an actor, don't become a victim of this two face liar looking for victims to pray on for his gain. Sad pathetic dirt bags out there.
eaxxdotcom <--- is right about the USA. I have to strongly agree with this person. I would love to see the USA cut off from the world. Then USA civilians can overturn the governemnt to make it for the people and by the people. We need to put the common man in office who knows whats its like struggling from day to day.
The BDI has recovered considerably since this video to 2039 (17/03/09) and whilst a long way short of the all time high it does indicate that bulk goods are moving again and that an economic upturn is beginning to take effect. Whether it lasts or not, of course, is another thing.
you're forgetting one small thing. industrial farmers in this country haven't turned an actual profit in a long, long time. they survive on federal subsidies.
so what happens if federal support dries up? or if central banks fail, can they get the loans they need to plant this year's crops.
stop fooling yourselves, folks. plant a garden and buy some chickens. and do it soon. there's no one left to bail you out...
North America is fully capable of sustaining itself.
Actually being cut off from the world for a while would be a good thing.
Don't let these fear mongors spread the crap.
For example: Go look at the economic numbers of 1977 - 1982. Us was far worse off than today. Reagan imposed tariffs. Cut the grain off from USSR. USSR crumbled.
USA became the only superpower. How could this have happened during a recession?
USA is the only country beside possibly Canada that can feed itself.
or if we rig them to work on something else than oil, we have had the technology for almost a century. im sure someone with a basic understanding of electrical engineering coupled with mechanics can slap one together.
actually they could cut us off, we are about 80-90% consumption country vs 10% production. We have nothing really going out so all that would have to happen is #1 stop lending us money and #2 trade embargo like the one we have with cuba.
The governments across the globe could easily cut us off, i doubt they would go that far though since we owe them a tremendous amount of money. As for the war issue, it wouldn't be us that started one but other countries that would since we can't pay up. You get a country that needs their money back and we can't pay then they have a very good reason to either cut us off or find "other" means. If you want to have a real discussion then please continue, otherwise troll someone else.
...........................wtf are you talking about......i said US wouldn't be the one to start a war over us owing people money.........as of to date that has never happened so dont take what i said and completely misunderstand. I called you a troll because that is exactly what you did was bash my comment not agree with it, on top of that you didnt even base anything factual on it you just said....wtf you gonna do about it, start a war??? /confused
this is the american society's fault as a whole... no single company, financial institution, branch of government, agency, or official can be wholly blamed. we all have been living way beyond our means for far too long and the chickens are coming home to roost. buying houses we cant afford, getting lines of credit we didnt deserve, etc.... you, me, companies, the government have all been doing this, and now capitalism is finally fighting back as so many predicted it would for a decade.
why the f*ck are we amrican people not rallying together and demanding Bush be taken to court for doing this to the American people. We need to protest and demand Bush be taken to court.
Lindsay Williams alerted me to BDI in Jan 22 guest on RenseRadio. Elites structurig collapse in 9 to 12 months he says, inspite of finding Bakken oil field in N Dakota an Montana. Bankers want to keep US dependent. What George is saying here is right and is getting around fast.
govt incompetence (and corruption) got us into this mess. it is going to take people caring for people to get us through this. the govt. response is always to bring out the men-with-guns to control the starving and desperate. note how the war on drugs has become a military operation..more men with guns...
the war on drugs another result of incompetent govt. policy and more aid to the makers of weapons of war. we need food not weapons.
The whole "Dems vs. Republicans" and "Left vs. Right" debate is a ruse to keep the Sheeple from realizing that there is NO REAL SUBSTANTIAL DIFFERENCE between the Democrat-Socialists and NeoCon-Fascists.
These Statists ALL hate the limitations placed on the Federal Gov't by the 10th Amendment to the Constitution.
The news medias job is to play this Right vs. Left shell game to distract us while Statists pick the freedom from our pockets.
if you had read the wikipedia article a little longer you would have read that the BDI can plummet or go sky high pretty easily because the supply of ships is not elastic... if a sudden peak in demand occurs the price sky rocket because it takes over 2 years to make a ship so they just cant make one on demand so the price go up. They also cant "park them" because of the cost and deterioration of a parked ship so the price go really low if the demand goes down a little.
Now what kind of seeds can be planted, eaten, and replanted the following year? It has been my experance that when you save seed from the current growth, it will not yeld. You have to buy seed from a supplier each and every year just to keep a foodcrop going.
Ok, didn't he say the BDI the cost of shipping goods around the world? If so and I could be wrong, wouldn't that mean its costing less do to the fall in crude oil prices?
After research, I think the sharp decline is related to the decline in price of crude oil. While it does relate to supply and demand, its only bad if it continues to drop, but it's already back to 900+ which is about where it was BEFORE the price of druce oil exploded increasing the BDI to over 11,000.
1929 there were 70/100 people living on farms or some number like that. now it's 2 in a 100. Add an oil embargo to the mix and our"agriculture" will not work. time for edible landscaping not stupid wasteful shrubs!
As far as food imports we have plenty right here. We are the largest exporter of wheat, corn , beef, chicken as well as many more food products in the world.
We will get past the current problem. Better times are ahead of us. Stop watching the negative crap on TV
Do you realize how fragile it all is if Monsanto is in the picture with it's genetic crops? Meaning, they can just shut off deliveries of seeds and farming will shut in months.
Not to shocked on this one. Many people like me called out 3-5 years ago that the US would hit a BIG depression, and bringing the world with it. What is happening? Yep. Hope you guys have a Happy New Year!!!
No show here kid. Shame you have to go to such lengths like that just to make an insult. I hope that some day you see what you did as not a nice thing at all. I don't want you to suffer for it. But that's up to you. I shall turn the other cheek and forgive you, as hard as it is. I hope you have a Happy New year, and hopefully you will be nicer to other people, and not just make remarks to people like that to me or others.
not sure what he's talking about with food shortages. we are one of the biggest exporters of food in the world. we don't need to import anything except certain exotic produce. so while there is danger of hyper inflation and global goods become scarce, food is largely a domestic commodity and there is no reason to start panicing.
fivehorizons80 - during the great depression the gov. destroyed food to create price controls while some ppl were starving, check history of Great Depression, gov pays some farmers $50000 yrly to "not" plant right now.
The panic is our chicken comes from springdale arkansas, our salad comes from mexico or california, all this stuff is shipped far distances. WE MIGHT HAVE "FOOD" BUT TRY SURVIVING ON CORN AND SOYBEANS! the problem is concentration and the inability of our systems to sustain shocks and we have been learning.....stock up on food either way...it's insurance you can eat.....or are you a fat american that can live off his bloated fat body for a while??
Thank you George for this information. I have also been seeing alot about Peter Schiff and others that are also predicting a collapse of the financial system and the US dollar.
The outlook in bleak. In 1933 we had 25% unemployment. We could be back to that by 2010.
Word to the wise- secure your food supply from within 100 miles of your home. Do everything you can to be self sustaining from gardening and buying into local farmers coops to burning wood for heat. Develop a bartering network for things you cant produce yourself. Prepare for food shortages and price spikes coming this summer. The big one is here.
we finally have to be realistic with consumption and population growth. the key is sustainability and hopefully we can make the necessary adjustments without war, famine or anarchy.
dense cities are where the major problems will be. people live day to day on imported goods.
If this is true I will be very upset because I'm trying to live outside of popular society, but I'm not totally out of it (obviously - I'm watching youtube). My bicycle tires are still going to need replacing now and again. I might stock up on cheap durable tires.
When the ratio of the Baltic Dry Index divided by the oil price per barrel return to the 35 range, you will see the Baltic Dry Index return to a healthy 2500 or higher level.
people stopped importing things because fuel was manipulated artificially high for so long that you can no longer justify imports. becoming self-sufficient made sense once more (as it should always be) so the elite manipulated the fuel prices as low as possible to make the idea of importing attractive again. i think it's working. don't freak out.
On Hawaiian island chain and folks here have been preparing for "when the ships donʻt come in anymore"...talk is cheap, action is what counts...think "communities, communal"
The US is a large country with a huge capability to produce food. We produce food for the rest of the world. If imports and exports stopped completely, I'd be a disaster to the world more than the US. We are running 2.7 trillion dollars in trade debt at the moment. I'd take this as a good sign that Americans realize they should be saving and not buy tons of shit they don't need.
Well said...It's about time we americans looked ourselves in the mirror...We have some things to be ashamed of...Like gluttony...and over entertaining ourselves...But we have the ability to change our lifestyles in a very small way and benefit ourselves in a huge way...If we could gain control of our overconsumption..and mindless overendulgence...we would realize that others need us much more than we need them.
Holy shiite!!!! Ok, suppose we do have enough commodities and staples to go around the U.S. but how long would that all last before we exhaust our supplies? There are a whole heck of a lot of people here in the U.S. I mean, there is talk on the news that staple foods are being rationed due to shortage.
the index was almost just as low in 1999... this index is very volatile because if demand goes up they cant just build a ship on demand it takes many years so the price sky-rocket and if the demand goes down a little they cant park the ship because of the cost and deterioration so they offer bargain prices. It by no means mean that shipping as gone down 94%... if shipping would go down 20% the price of shipping could go down 80%.
The damage to the world economy is already a fact of life and the Baltic Dry is pointing to a further slowdown in both output and inflation in many of the world's economies.
The index may also be telling us something scarier. It may be telling us that the world's great industrial powerhouse, China, could be in trouble and that its imports of raw materials are collapsing at a far greater pace than the slow slide in demand from the West for China's finished goods would imply.
If you look at the graph you will see that it merely has been hyper inflated since 2003 and is merely returning to it's "normal" operating range. Nice hype job.
Food is something we Americans really dont have to worry about since our country makes an excessive amount of food for our people, it's so abundent we ship the most about of aid then most of the world donors combined.
And who ever is talking about switching back to gold standerd you are an idiot cuz the world simply does not have enough gold for that.
All of you that dont think times are going to change for the worst, please, move on to some comedy videos. Save your ignorant comments. Those who realize our current situation, simply take the time to prepare. Stop trying to convince (or care for) the ostriches who stick their head in the sand - so their exposed asses can get kicked.
P.S. that graph is rediculous ... and also i havent researched this at all, but i dont buy any of my food off f a ships, maybe TV's and cars, but my milk wheat meat and some fruits and vegetables come from the state i live in good ol' NJ, maybe thats cause were the garden state though i dunno .. i can live without bananas and soy lol
On 21 May 2008 the index reached its record high level since its introduction in 1998, reaching 11,793 points. Half a year later, on 5 December 2008, the index had dropped by 94%, to 663 points, the lowest since 1986. These low rates move dangerously close to the combined operating costs of vessels, fuel, and crews.
you're an idiot, have you seen the korean's during the L.A. riots they kicked ass so just imagine what a bunch of armed fed up citizens can do to a gang armed to the teeth roaming the streets like turkeys
My God !! I have been leaving you messages for the last 4 months trying to tell you nutjob alarmists that the economic problem is global, not just in the USA.
The entire globe is going through the same thing the USA is, some places are worse.
do you read or listen to peter schiff? he argues something like this: that other economies of the world would rebound rather quickly from this trend while the USA wont. what do you think?
I respect Mr. Schiff, he is obviously an intelligent man. He was dead on, in the first part of 2008, however, in the second half of 2008, he was dead wrong.
I think Mr. Schiff has a lot to gain by being an alarmist. I think things will fall somewhere in between the worst case scenario, like Mr. Schiff likes to convey and nothing bad will happen crowd. In other words, it will be bad, but not nearly as bad as the alarmist would like you to think.
You're right that supply of ships is fairly inelastic. Demand is not.
So when demand ticks up even 5%, companies will continually bid up the price of shippers. Similarly, if there are 5% EXTRA ships more than demand requires, the BDI can tank 50 - 60% easily as shippers undercut each other to make sure their ships are not sitting stagnant.
While the BDI decline indicates an overall decline of the total value of goods being shipped and perhaps the decline in the demand for shipments, it does not necessarily imply that goods being shipped are being cut off below basic needs.
First, there was a bubble in commodities, which is resolving. Also, there was excessive demand due to excess capex resulting from excess liquidity, which has now declined. These two factors contribute to BDI decline. BDI has not gone below 2002 levels.
Hi this is "Nicholas from New Zealand". Excellent video, thanks for the heads up... we normally do a lot of importing at this time of the year but have canceled our shipments. Fortunately I got the message early thanks to guys like you!
for those people who want to know what this really really means. Buy from companies that still have contracts!!! The logic is simple if a company has a full warehouse and a contract to accept more goods as well, they won't throw away those goods they don't have warehouse space for. They lower the price of the goods; they even take losses on them. It's more profitable to take a losses than to throw goods away.
NO, this means company warehouses are full and companies do not need any extra goods, or there was a massive increase in the number of cargo boats. This is more the result from the first reason. In "bad times", there isn't as much of a need to ship goods. The truth is like this, companies have contracts with overseas suppliers to keep their warehouses full, if the goods sit on the selves, they do not renew the contracts, then quarterly profits do not show as much money being made, stocks fall.
The decline will not stop until commodities bottom and start to increase. The BDI probably will lag as there won't be anyone ready to speculate on chartering a boat. We'll have to wait and see the exporters find a price that they are profitable for them.
The price of the oil is not in the price of contracts reported to the BDI.
1 ) Contracts just are not being signed. It's at a standstill and that supports the reports I have seen of choosing to let the boats idle in ports until things pick up
2) The BDI decline has been dramatic, but has recently decelerated. Notably the hardest hit Cape size has slowed its decline, and now the supramax (suez canal) is the biggest decliner. While the index is still falling, it's been at a constant linear rate.
I heard this on the NPR. The economist said, while alarming, that the results from BDI is weighed less than it used to for some reason. Just looking at the chart, it looks like it dropped to a little under 2002 levels. Just another bubble collapsing to what it was before the surge.
He says BDI drop of 93 percent reflects shipping demand. WRONG Oil prices go down, and then shipping prices go down. His own chart comparing oil prices to shipping costs shows that but he does not see the truth because fear has overtaken his mind.
He says US to be CUT OFF from World - more absolute bullshit. Lower shipping prices simply mean lower prices on goods.
Oil 147.36 to 32.66 on December 19 2008 is reason for shipping prices coming down.
At 147.36, fuel cost represented 54.6 percent of the cost of doing business in dry bulk ships. If it had represented 100 percent, we would have seen even higher shipping costs.
Listen to this fear-filled person at the risk of unwarranted fear and panic overtaking your own mind.
This is a GOOD thing for America. Time to stop exploiting cheap foreign labor.
As it is now, we send Ships full of "raw" materials to China, etc. and they use slave workers to make the stuff, then they ship the finished products for us to buy. Made In America is what NEEDS to happen anyhow.
If the economy slows so does the BDI. Only a moron would think we are going to starve. This moron is trying to use fear to get stupid people to believe this. Living in fear causes cancer!!!
It is interesting that in the bible it says there will come a day in which a the four horse of the Apocolyse come forth. The black one seems to indicate a world wide famine is to come and a massive amount of people die as a result. There also seems to indicate a false world Messiah comes to unite the world countries and religons by means of peace, but that is short lived. The other horse ( not listed in order) seems to indicate great war and death . Get your bible & start reading. Repent today.
The BDI dropped again over 50%. A 30% drop in a month. Here we go again, get ready.
jacobyodernation 1 week ago
Comment removed
jacobyodernation 1 week ago
this is august 2011 not shut down yet
BADDOOKUS 5 months ago
@lemurproductions if you look close to when it was uploaded, the date is December 15th 2008, also look closer at the scale, the end of the 'line' is just short of Jan 1st 2009..
Delta7101 10 months ago
The loser of the case 1 silver dollar/hr
deathmarch5 11 months ago
Start growing gardens? Is that the best thing to do?
sarahdiane24 1 year ago
Want a good model for society to survive without killing each other for an ear of corn??? petition for true land titles back for the people who have paid off their loans end taxes on properties piad in full that does for cars with registration and licenses. Once people have proven to be able to operate a car that is full paid for no liability should be any concern to insurance companies. But full responsibility should be given to people who are reckless in there actions by a Jury.
deathmarch5 1 year ago
@deathmarch5 who pays the jury??
linwooddeaton 11 months ago
Ironically Like a shark the economy with Fiat money must keep moving to survive. And if the people stop buying goods stores close tax receipts drop police get layoff projected lists public workers are loosing 1 or 2 days furthering the death of the fiat economy lessening credit. The main issue is we use to have true ownership of land and could survive on that land by saving seeds and becoming resourceful with saving food and using live animals haul goods and supplies.
deathmarch5 1 year ago
Thanks George!
pollyhustle 1 year ago
everyone needs to start supporting local butchors and grocery stores again because if this is true as fast as all the wal marts sprang uup they will be gone!
McClinchey09 1 year ago 2
he George, seems this vid has meaning today / golf of aden, I look again
Doenietmeermee 2 years ago
You know the trend research said somthing about people are going to buy from local farmers and local goods this year of 2010. what this guy is talking about could be the effect of it
katazuyakyo 2 years ago
The USA can feed itself. It feeds a great percentage of the world as well.
I agree there is a financial crisis but to show empty grocery shelves it is a bit of a stretch. A crisis would mean people drive less or not at all leaving more fuel to farm with. There is lots of land laying idle which could quickly be put to use. Okay, US doesn't get bananas from Bolivia. I would miss them but not starve. Search for Valcent Alga and see where fuel could come from.
flintstone9812 2 years ago
@flinstone9812 EVER HEAR OF THE GREAT DEPRESSION??????? Ever hear of standing in line for a loaf of bread? Wake up!
mrtruthify 2 years ago
I'm wide awake. I have enough land to grow a years supply of food every year. I heat with wood I get from my own land and there is enough for at least five years.
I was born in 46 so of course I have heard of the depression. That is why I support the GOOOH movement. Time to end control of the US by the fed reserve and get serious about ending the plans to bankrupt the country. If the UN tries to take us over, bring home the troops and close the borders. Arm yourself for the coming crisis.
flintstone9812 2 years ago
@FLINSTONE9812 AGREED! I am doing the same! I live on top of one of the tallest mountains in the world! Year round skiing!
I am afraid I do not already have the supplies you do athough, my indian herritage makes me a great hunter gatherer....... I only meant for you to connect the dots to food shortage even tho we are a great nation. More is at hand than this....... I have great repect for those older than I, as you are. It is time to prepare, but what time have we left to prepare?
mrtruthify 2 years ago
Dehydrated foods take up the least amount of space and require no freezing, no electricity. I suggest everyone get a dehydrator and learn how to use it. Canned goods are handy but heavy. Plus the metal cans might rust if they get wet. They should coated with a vegetable oil and stored in a safe location. Mine are in plastic tubs. A good way to store grain is in Mylar bags with oxygen absorbers and place the bag in five gallon plastic pails. That will last ten years or more.
flintstone9812 2 years ago
@flintstone9812 to be sure can you pre- heat the dry grains to a temp that can kill insects?
datzfast 1 year ago
how do you get electric and internet on a mountain top.
You must have a generator operated by a stationary bicycle and an internet satellite.
YEEHAAA
flintstone9812 2 years ago
@flintstone9812 Many ways life soar and wind just to mention some really really cheap ways if you build them on your own........ Easy to do, and easily will power your home ans more.......
mrtruthify 2 years ago
@flintstone9812 That was supposed to say: Solar, wind and hydro-electric. Anyway, good job for sharing how to store and "keep" food stuffs. People need to know this stuff. Take it easy Flinstone.
mrtruthify 2 years ago
A Paper currency lifecycle is about 70 years.
One off a gold standard (thanx to Nixon) is fiscal suicide.
GAME OVER MAN.
eckyspondoolie 2 years ago
the prices on recyclable metals is high right now...but shipping has stopped....what does that mean....think folks ....the government is preparing for WAR its not a manfacturing boom...
centervilletn 2 years ago 3
yeah, ammo is gotten real expensive too. What I find intersting about this chart is the comment made author about this index NOT easily being manipulated because its NOT traded or shorted. The chart looks like a classic over traded bubble which bust last year?
ELP71 2 years ago
This has been flagged as spam show
USA USA USA USA USA USA USA !
Realtablist 2 years ago
Its coming soon, time to take money out of your 401K plan and put it into your AK47 plan
oriondarkwood 2 years ago 23
@oriondarkwood hahaha yes
Cstrife234 1 year ago
@oriondarkwood LOLOL!! :-P I loved that...gotta remember this one! *cracking me up!!!!!!* must share this w/my friends they're gonna love it! Reminds me of "Praise The Lord & Pass the Ammunition!" FOCLHerAO!!
HigherWaysWoman 1 year ago
@oriondarkwood hellz yea
Omnihilus 1 year ago
@oriondarkwood Dont forget to also diversefy in your 7.62 exchange plan@
HopllyteAlpha 1 year ago
awsome video i think WE AS THE PEOPLE NEED TO WAKE THE FUCK UP!!!!!!
vibez401 2 years ago 14
@vibez401 aaaaand dennnnnnn?
dirtknees 7 months ago
Just finished watching this. What a complete idiot. THE BDI fluctuates wildly but it is a great leading economic indicator, far more accurate than others in predicting GDP growth worldwide. But this guy needs to lay off the dope. There is no global economic meltdown. This index fluctuates from month to month dramatically.
Jsewell0203 2 years ago
you dipshiat... look @when the vid was posted and look@ what happened this past March... come back in a year and see where everything else is after obamma.... dollar is/ will be vapor... it will not survive ChrisTmas and in case it does, it will not survive -50% tax revenues next April... get your head out of your arse and start hedging
merochero 2 years ago
sorry just was at a lecture by senior german institue of bonn for th EU
they are very close to collapse an not sure what is going to happen .
genknorr 2 years ago
It is not just one country but rather the entire economy and yes the US is at the center of it all. The reserve banks are like the iceberg that sank the titanic to the world economy.
oc5nsli341nforce4 2 years ago 2
This has been flagged as spam show
Obama the Antichrist's in the White House
Pass on this message all over the world
Put the "Marks of the Beast" video on your channel page like I did
ShambhalaKing 2 years ago
What will cause us long term damage is losing our status of having the reserve currency. If not for that, we'd have been down the tubes long ago. G20 won't allow that to continue unless they see signs that we're addressing our long term deficits in entltlements (now we have 17% of the votes which is a lot of power, but that will change if we keep deteriorating). The economy has nothing to do w/ politics/liberal/conservative - only #s. Watch documentary IOUSA if you haven't, so enlightening!
dfantozzi 2 years ago
It's a shame,so many Americans are asleep.Anyone that try to enlighten,and educate,like the person that made this video,is laughed at,or labeled a conspiracy theorist.I don't know if many are asleep,or have been dumbed-down,to the point of NO return.We are headed for some very tough times in America.Look at whats happening in the US,Banks are closing,GM may be gone from the country in a year,,WAKE UP folks
b2flyer1 2 years ago
This has been flagged as spam show
George is a liar and is using the financial collapse situation to gain sympathy for his so called problematic situations and get funds from caring real Americans that care about people, he is a fraud and an actor, don't become a victim of this two face liar looking for victims to pray on for his gain. Sad pathetic dirt bags out there.
Real proof:
/watch?v=kxWYCXrfqqU
This post will prob get deleted.
DO NOT GIVE THIS CON ANY DONATIONS. FRAUD!
mastershakelock 2 years ago
eaxxdotcom <--- is right about the USA. I have to strongly agree with this person. I would love to see the USA cut off from the world. Then USA civilians can overturn the governemnt to make it for the people and by the people. We need to put the common man in office who knows whats its like struggling from day to day.
stoneofrefuge 2 years ago 4
@stoneofrefuge
Good comment.
Check out the GOOOH
That is a movement that has a plan to put the "common people" in congress.
flintstone9812 2 years ago 2
The BDI has recovered considerably since this video to 2039 (17/03/09) and whilst a long way short of the all time high it does indicate that bulk goods are moving again and that an economic upturn is beginning to take effect. Whether it lasts or not, of course, is another thing.
Yorkcityknight 2 years ago 2
eaxxdotcom,
you're forgetting one small thing. industrial farmers in this country haven't turned an actual profit in a long, long time. they survive on federal subsidies.
so what happens if federal support dries up? or if central banks fail, can they get the loans they need to plant this year's crops.
stop fooling yourselves, folks. plant a garden and buy some chickens. and do it soon. there's no one left to bail you out...
trippticket 2 years ago
North America is fully capable of sustaining itself.
Actually being cut off from the world for a while would be a good thing.
Don't let these fear mongors spread the crap.
For example: Go look at the economic numbers of 1977 - 1982. Us was far worse off than today. Reagan imposed tariffs. Cut the grain off from USSR. USSR crumbled.
USA became the only superpower. How could this have happened during a recession?
USA is the only country beside possibly Canada that can feed itself.
eaxxdotcom 2 years ago 3
The USA can't feed itself with current farming methods if the oil flow stops.
If you want to put lots of people to work farming, then yes we could.
gmfutube 2 years ago
or if we rig them to work on something else than oil, we have had the technology for almost a century. im sure someone with a basic understanding of electrical engineering coupled with mechanics can slap one together.
Warrivar 2 years ago
excellent analysis, and vid, thanks.
milidude 2 years ago
we are so fcked
looks like we'll be eating cats and dogs in 6 months
llshamelessll 2 years ago 2
come here kitty, kitty, kitty......... check out ammo shipments being shut down/cut-off too.
milidude 2 years ago 2
how much Chinese shit can you cram in your house
peckiledorf 2 years ago
the world can't cut us off since we are the grain belt and 100 nations would starve if we cut them off. dont believe everything you hear
melchert6 2 years ago
actually they could cut us off, we are about 80-90% consumption country vs 10% production. We have nothing really going out so all that would have to happen is #1 stop lending us money and #2 trade embargo like the one we have with cuba.
Drunkz101 2 years ago 2
hahahaaa,the world can not cut us off...., you do a great job in doing it yourself! your values are wrong and you still don't get that part!!
and yes ,if china for example wants their money
back now,what you gonna do,start a new war ???
by now you all should know better!!!
runway1300 2 years ago
The governments across the globe could easily cut us off, i doubt they would go that far though since we owe them a tremendous amount of money. As for the war issue, it wouldn't be us that started one but other countries that would since we can't pay up. You get a country that needs their money back and we can't pay then they have a very good reason to either cut us off or find "other" means. If you want to have a real discussion then please continue, otherwise troll someone else.
Drunkz101 2 years ago
maybe you should read mine again ,i think you missed the point,i agreed with you before!!!
what do you say ,usa never started a war????
i hope i misunderstand ,you, on that!!!!!
america is master in starting wars around the globe,always the nose in something they have no business in,for your record!troll troll
runway1300 2 years ago
...........................wtf are you talking about......i said US wouldn't be the one to start a war over us owing people money.........as of to date that has never happened so dont take what i said and completely misunderstand. I called you a troll because that is exactly what you did was bash my comment not agree with it, on top of that you didnt even base anything factual on it you just said....wtf you gonna do about it, start a war??? /confused
Drunkz101 2 years ago
its all right ,there is no ground of understanding !!
i don't wanna waste my time with you ,sorry!
dismissed!
runway1300 2 years ago
mk.......i guess wherever your from its normal to not make sense at all.
Drunkz101 2 years ago
this is the american society's fault as a whole... no single company, financial institution, branch of government, agency, or official can be wholly blamed. we all have been living way beyond our means for far too long and the chickens are coming home to roost. buying houses we cant afford, getting lines of credit we didnt deserve, etc.... you, me, companies, the government have all been doing this, and now capitalism is finally fighting back as so many predicted it would for a decade.
Jonovak77 2 years ago 2
why the f*ck are we amrican people not rallying together and demanding Bush be taken to court for doing this to the American people. We need to protest and demand Bush be taken to court.
hyylo 2 years ago
Lindsay Williams alerted me to BDI in Jan 22 guest on RenseRadio. Elites structurig collapse in 9 to 12 months he says, inspite of finding Bakken oil field in N Dakota an Montana. Bankers want to keep US dependent. What George is saying here is right and is getting around fast.
kt10585 2 years ago
govt incompetence (and corruption) got us into this mess. it is going to take people caring for people to get us through this. the govt. response is always to bring out the men-with-guns to control the starving and desperate. note how the war on drugs has become a military operation..more men with guns...
the war on drugs another result of incompetent govt. policy and more aid to the makers of weapons of war. we need food not weapons.
bajawind 2 years ago
BINGO!
medicvet 2 years ago
The whole "Dems vs. Republicans" and "Left vs. Right" debate is a ruse to keep the Sheeple from realizing that there is NO REAL SUBSTANTIAL DIFFERENCE between the Democrat-Socialists and NeoCon-Fascists.
These Statists ALL hate the limitations placed on the Federal Gov't by the 10th Amendment to the Constitution.
The news medias job is to play this Right vs. Left shell game to distract us while Statists pick the freedom from our pockets.
The people's best defense is gov't incompetence.
yakyakyak69 2 years ago 4
I agree.
medicvet 2 years ago
they control everything in commerce..throw your diploma's in the garbage...it's all a lie.
MihiLibertas 2 years ago
very good, thanks for this
ceaseyoxoogurl 3 years ago
Georgy.....pat yourself on the back......
they just played this video on the Power Hour radio show...8:44am EST......
you need to ask Joyce or Dave to cut you a check....just playing....ask them to "hook you up" with some of those heirloom seeds........
chelle099 3 years ago
I forgot the date: it's feb 9th....monday morning at 8:44am
chelle099 3 years ago
super amateur here. careful taking guys like this as gospel
ecuatube1 3 years ago
Thank you for the info bro. God bless.
raiderfanrob12 3 years ago
George,
Your video here is a highlight in my survival center newletter-Great Job, keep keeping us all informed! 5*
700eyesonly007 3 years ago 3
followup-
survivalcenter(DOT)com
700eyesonly007 3 years ago
The index was almost just as low in 1999 and nothing major happened.
sts3234 3 years ago 2
post your proof! where do you find the chart!
SIERRAHPBT 3 years ago
who are you talking to? perhaps be a bit more specific next time sierrahpbt.
JojahBoy 3 years ago
except 9/11 2 years later
steveoinflorida 3 years ago
if you had read the wikipedia article a little longer you would have read that the BDI can plummet or go sky high pretty easily because the supply of ships is not elastic... if a sudden peak in demand occurs the price sky rocket because it takes over 2 years to make a ship so they just cant make one on demand so the price go up. They also cant "park them" because of the cost and deterioration of a parked ship so the price go really low if the demand goes down a little.
sts3234 3 years ago
listen at 6:20 ... he adresses this!
SIERRAHPBT 3 years ago
yes, medias are stuffing us on a daily basis with dow jones or nasdaq values where as baltic dry index is way more meaningful
jaar2001 3 years ago
You must be the only person I know of who has discussed this. I have mentionded this to others, but no one cares
brettrobson1984 3 years ago 6
Don't you hate it when you have something important to say and no one wants to care?
MarylandJuly89 3 years ago 5
Ohh well, They are all lambs to the slaughter.
brettrobson1984 3 years ago
They didn't report on it because something like this would have sent a lot of people into a panic. Thanks for the video.
17Revolution76 3 years ago
The tree of liberty needs to be refreshed from time to time, with the blood of tyrants and patriots. Thomas Jefferson
Ant256350 3 years ago 7
Indeed it does.
17Revolution76 3 years ago
Great work! 5 stars*****
Now what kind of seeds can be planted, eaten, and replanted the following year? It has been my experance that when you save seed from the current growth, it will not yeld. You have to buy seed from a supplier each and every year just to keep a foodcrop going.
meanmopar426 3 years ago 5
Ok, didn't he say the BDI the cost of shipping goods around the world? If so and I could be wrong, wouldn't that mean its costing less do to the fall in crude oil prices?
pgpgt99 3 years ago
After research, I think the sharp decline is related to the decline in price of crude oil. While it does relate to supply and demand, its only bad if it continues to drop, but it's already back to 900+ which is about where it was BEFORE the price of druce oil exploded increasing the BDI to over 11,000.
pgpgt99 3 years ago
Rev 18:11 And the merchants of the earth shall weep and mourn over her; for no man buyeth their merchandise any more:
mike29571 3 years ago 3
If you know so much, why were at an unemployment line? If you were so SMART you would have shorted the market and made out well, RIGHT ?
nasdaqq1 3 years ago
G A W D A M N !
NukeMePlz 3 years ago
1929 there were 70/100 people living on farms or some number like that. now it's 2 in a 100. Add an oil embargo to the mix and our"agriculture" will not work. time for edible landscaping not stupid wasteful shrubs!
chanvrehomme 3 years ago
Holy FUCK
Hazzard0 3 years ago
This comment has received too many negative votes show
You are so extreme ! Just utter bullshit !!
Jacobrester 3 years ago
It has risen lately. This is from Dec 15th.
TajiTJ 3 years ago
GOOD VID THANX 4 INFO!!
mlisamyers 3 years ago
As far as food imports we have plenty right here. We are the largest exporter of wheat, corn , beef, chicken as well as many more food products in the world.
We will get past the current problem. Better times are ahead of us. Stop watching the negative crap on TV
assoonas1 3 years ago
Do you realize how fragile it all is if Monsanto is in the picture with it's genetic crops? Meaning, they can just shut off deliveries of seeds and farming will shut in months.
Kenzofeis 3 years ago 2
It would require breaking contracts to be able to supply Americans.
PeekyBooo 3 years ago
Not to shocked on this one. Many people like me called out 3-5 years ago that the US would hit a BIG depression, and bringing the world with it. What is happening? Yep. Hope you guys have a Happy New Year!!!
Chiv
Chivalry4All 3 years ago
lol pretentious fuck
dm4rob 3 years ago
No show here kid. Shame you have to go to such lengths like that just to make an insult. I hope that some day you see what you did as not a nice thing at all. I don't want you to suffer for it. But that's up to you. I shall turn the other cheek and forgive you, as hard as it is. I hope you have a Happy New year, and hopefully you will be nicer to other people, and not just make remarks to people like that to me or others.
Chiv
Chivalry4All 3 years ago
not sure what he's talking about with food shortages. we are one of the biggest exporters of food in the world. we don't need to import anything except certain exotic produce. so while there is danger of hyper inflation and global goods become scarce, food is largely a domestic commodity and there is no reason to start panicing.
fivehorizons80 3 years ago
fivehorizons80 - during the great depression the gov. destroyed food to create price controls while some ppl were starving, check history of Great Depression, gov pays some farmers $50000 yrly to "not" plant right now.
good videos of history at: Larouchepac dotcom
Best Wishes
ngonea 3 years ago
The panic is our chicken comes from springdale arkansas, our salad comes from mexico or california, all this stuff is shipped far distances. WE MIGHT HAVE "FOOD" BUT TRY SURVIVING ON CORN AND SOYBEANS! the problem is concentration and the inability of our systems to sustain shocks and we have been learning.....stock up on food either way...it's insurance you can eat.....or are you a fat american that can live off his bloated fat body for a while??
chanvrehomme 3 years ago
Nope nope.. the fat people are fucked did u see how big those caskets are in GA? yo atleast 3bodies can fit in'em
BlackRadical001 3 years ago
Haha, yah eat as much as you can now!!!!!!!! Get fat, to get through the lean times. So pick up your but, and get to KFC, and eat.
Thunderwavia 3 years ago 2
I love the spirit of fear:)
asmundhagen 3 years ago
the U.S. would never be cut off from the world.
stevenmorookian16 3 years ago
hey, you guys would this have anything to do with the food codex due december 31st 2009?
JCwasaJew 3 years ago
Thank you George for this information. I have also been seeing alot about Peter Schiff and others that are also predicting a collapse of the financial system and the US dollar.
Simkev 3 years ago
Sweet. HUGE buying opportunity in the stock market well on it's way.
AirelonTrading 3 years ago
The outlook in bleak. In 1933 we had 25% unemployment. We could be back to that by 2010.
Word to the wise- secure your food supply from within 100 miles of your home. Do everything you can to be self sustaining from gardening and buying into local farmers coops to burning wood for heat. Develop a bartering network for things you cant produce yourself. Prepare for food shortages and price spikes coming this summer. The big one is here.
vidshooter 3 years ago 3
You are tell the truth.... But some people are like the grasshopper that plays all the time and not is about to play the Pi Piper.....
I going to be like a ant preparing for the worst hoping for the best....
maddog7c 3 years ago
Anarchy would lead to Feudalism and Tribalism.
miniccc 3 years ago
I luvya george, Your the classic shit hawk that adds to sanity.
cycimian 3 years ago 2
we finally have to be realistic with consumption and population growth. the key is sustainability and hopefully we can make the necessary adjustments without war, famine or anarchy.
dense cities are where the major problems will be. people live day to day on imported goods.
burninbushmen 3 years ago 2
Thank you for taking the time to inform all of us. Very good info! We are all in this together! God Bless.............
b13j13e13 3 years ago 2
Thank you George.
It's great to learn something new and obviously very important.
lokir 3 years ago 2
If this is true I will be very upset because I'm trying to live outside of popular society, but I'm not totally out of it (obviously - I'm watching youtube). My bicycle tires are still going to need replacing now and again. I might stock up on cheap durable tires.
bobbygnosis 3 years ago 3
When the ratio of the Baltic Dry Index divided by the oil price per barrel return to the 35 range, you will see the Baltic Dry Index return to a healthy 2500 or higher level.
icollided 3 years ago
people stopped importing things because fuel was manipulated artificially high for so long that you can no longer justify imports. becoming self-sufficient made sense once more (as it should always be) so the elite manipulated the fuel prices as low as possible to make the idea of importing attractive again. i think it's working. don't freak out.
icollided 3 years ago
If you look at $BDI:$WTIC it looks like it bottomed and the trend has reversed
icollided 3 years ago
On Hawaiian island chain and folks here have been preparing for "when the ships donʻt come in anymore"...talk is cheap, action is what counts...think "communities, communal"
bigislandsis 3 years ago
2009 is going to be a dowsey.....
AfricanAnime 3 years ago 2
The US is a large country with a huge capability to produce food. We produce food for the rest of the world. If imports and exports stopped completely, I'd be a disaster to the world more than the US. We are running 2.7 trillion dollars in trade debt at the moment. I'd take this as a good sign that Americans realize they should be saving and not buy tons of shit they don't need.
vavictus 3 years ago 4
Well said...It's about time we americans looked ourselves in the mirror...We have some things to be ashamed of...Like gluttony...and over entertaining ourselves...But we have the ability to change our lifestyles in a very small way and benefit ourselves in a huge way...If we could gain control of our overconsumption..and mindless overendulgence...we would realize that others need us much more than we need them.
timetodepop 3 years ago 2
Holy shiite!!!! Ok, suppose we do have enough commodities and staples to go around the U.S. but how long would that all last before we exhaust our supplies? There are a whole heck of a lot of people here in the U.S. I mean, there is talk on the news that staple foods are being rationed due to shortage.
truthseeker32 3 years ago
I appreciate your interest and enthusiasm, but I agree with others here that you've misinterpreted some of these statistics.
mcfnord 3 years ago
its like saying there is now half the amount of homes there was in the USA because the price of homes is down 40%.
iodyn 3 years ago
You miss the point.
StoneWallD 3 years ago
the index was almost just as low in 1999... this index is very volatile because if demand goes up they cant just build a ship on demand it takes many years so the price sky-rocket and if the demand goes down a little they cant park the ship because of the cost and deterioration so they offer bargain prices. It by no means mean that shipping as gone down 94%... if shipping would go down 20% the price of shipping could go down 80%.
iodyn 3 years ago 2
thanks..this makes sense.
mark7996 3 years ago
The damage to the world economy is already a fact of life and the Baltic Dry is pointing to a further slowdown in both output and inflation in many of the world's economies.
The index may also be telling us something scarier. It may be telling us that the world's great industrial powerhouse, China, could be in trouble and that its imports of raw materials are collapsing at a far greater pace than the slow slide in demand from the West for China's finished goods would imply.
wasaka2 3 years ago
Is Madoff related to the CEO of DryShips (Nasdaq: DRYS)?
mbmalone2000 3 years ago
If you look at the graph you will see that it merely has been hyper inflated since 2003 and is merely returning to it's "normal" operating range. Nice hype job.
fcomstock 3 years ago
the lock down is coming they are going to squeeze you all with inflation and taxes and this will ignite a revolution.
dave777blaster 3 years ago
Food is something we Americans really dont have to worry about since our country makes an excessive amount of food for our people, it's so abundent we ship the most about of aid then most of the world donors combined.
And who ever is talking about switching back to gold standerd you are an idiot cuz the world simply does not have enough gold for that.
MrHairyNutz 3 years ago
All of you that dont think times are going to change for the worst, please, move on to some comedy videos. Save your ignorant comments. Those who realize our current situation, simply take the time to prepare. Stop trying to convince (or care for) the ostriches who stick their head in the sand - so their exposed asses can get kicked.
RythmicOne1976 3 years ago 2
P.S. that graph is rediculous ... and also i havent researched this at all, but i dont buy any of my food off f a ships, maybe TV's and cars, but my milk wheat meat and some fruits and vegetables come from the state i live in good ol' NJ, maybe thats cause were the garden state though i dunno .. i can live without bananas and soy lol
drhatchback 3 years ago
I am already there, my friend. Dont care about gold or silver .. cant eat it. Got loads of food, water and survival stuff.
bobo0049 3 years ago
From Wikipedia (I know not the best source)
On 21 May 2008 the index reached its record high level since its introduction in 1998, reaching 11,793 points. Half a year later, on 5 December 2008, the index had dropped by 94%, to 663 points, the lowest since 1986. These low rates move dangerously close to the combined operating costs of vessels, fuel, and crews.
bobo0049 3 years ago
2009 America will be far worse off than 2008
bankruptcies will double at least
loss jobs will go through the roof
The Baltic dry index drop off of 97% is an indication of zero trust and no banking notes to back the trading.
American will starve to death in the coming years.others will be shot for their food supplies. you will see raving gangs at night
armed to the teeth .
get out of the city just leave get a farm or a small plot of land.you need approximately 1 acre per person .Heed me
dave777blaster 3 years ago
LoL
you're an idiot, have you seen the korean's during the L.A. riots they kicked ass so just imagine what a bunch of armed fed up citizens can do to a gang armed to the teeth roaming the streets like turkeys
MrHairyNutz 3 years ago
My God !! I have been leaving you messages for the last 4 months trying to tell you nutjob alarmists that the economic problem is global, not just in the USA.
The entire globe is going through the same thing the USA is, some places are worse.
Jacobrester 3 years ago
do you read or listen to peter schiff? he argues something like this: that other economies of the world would rebound rather quickly from this trend while the USA wont. what do you think?
cobratip 3 years ago
I respect Mr. Schiff, he is obviously an intelligent man. He was dead on, in the first part of 2008, however, in the second half of 2008, he was dead wrong.
I think Mr. Schiff has a lot to gain by being an alarmist. I think things will fall somewhere in between the worst case scenario, like Mr. Schiff likes to convey and nothing bad will happen crowd. In other words, it will be bad, but not nearly as bad as the alarmist would like you to think.
Jacobrester 3 years ago
seems pretty reasonable. i tend to follow your approach as well. what was he wrong about by the way?
cobratip 3 years ago
You're right that supply of ships is fairly inelastic. Demand is not.
So when demand ticks up even 5%, companies will continually bid up the price of shippers. Similarly, if there are 5% EXTRA ships more than demand requires, the BDI can tank 50 - 60% easily as shippers undercut each other to make sure their ships are not sitting stagnant.
rawblem 3 years ago
While the BDI decline indicates an overall decline of the total value of goods being shipped and perhaps the decline in the demand for shipments, it does not necessarily imply that goods being shipped are being cut off below basic needs.
First, there was a bubble in commodities, which is resolving. Also, there was excessive demand due to excess capex resulting from excess liquidity, which has now declined. These two factors contribute to BDI decline. BDI has not gone below 2002 levels.
meglam2007 3 years ago
Hi this is "Nicholas from New Zealand". Excellent video, thanks for the heads up... we normally do a lot of importing at this time of the year but have canceled our shipments. Fortunately I got the message early thanks to guys like you!
NicholasStevenson 3 years ago
for those people who want to know what this really really means. Buy from companies that still have contracts!!! The logic is simple if a company has a full warehouse and a contract to accept more goods as well, they won't throw away those goods they don't have warehouse space for. They lower the price of the goods; they even take losses on them. It's more profitable to take a losses than to throw goods away.
evilhenny2000 3 years ago
NO, this means company warehouses are full and companies do not need any extra goods, or there was a massive increase in the number of cargo boats. This is more the result from the first reason. In "bad times", there isn't as much of a need to ship goods. The truth is like this, companies have contracts with overseas suppliers to keep their warehouses full, if the goods sit on the selves, they do not renew the contracts, then quarterly profits do not show as much money being made, stocks fall.
evilhenny2000 3 years ago
waht about BDI vs Silver? Id think copper and possibly silver are low right now and will be needed if/when war comes to the planet...
Gizziiusa 3 years ago
This has been flagged as spam show
im watchin sum awsum free movie channels at ww w.tmch1.c om
Yahoo152938402931756 3 years ago
The decline will not stop until commodities bottom and start to increase. The BDI probably will lag as there won't be anyone ready to speculate on chartering a boat. We'll have to wait and see the exporters find a price that they are profitable for them.
The price of the oil is not in the price of contracts reported to the BDI.
arcanekrusader 3 years ago
1 ) Contracts just are not being signed. It's at a standstill and that supports the reports I have seen of choosing to let the boats idle in ports until things pick up
2) The BDI decline has been dramatic, but has recently decelerated. Notably the hardest hit Cape size has slowed its decline, and now the supramax (suez canal) is the biggest decliner. While the index is still falling, it's been at a constant linear rate.
arcanekrusader 3 years ago
Great video. Where do you get your info though?
swirlcrop 3 years ago
I heard this on the NPR. The economist said, while alarming, that the results from BDI is weighed less than it used to for some reason. Just looking at the chart, it looks like it dropped to a little under 2002 levels. Just another bubble collapsing to what it was before the surge.
biohax 3 years ago
He says BDI drop of 93 percent reflects shipping demand. WRONG Oil prices go down, and then shipping prices go down. His own chart comparing oil prices to shipping costs shows that but he does not see the truth because fear has overtaken his mind.
He says US to be CUT OFF from World - more absolute bullshit. Lower shipping prices simply mean lower prices on goods.
Oil 147.36 to 32.66 on December 19 2008 is reason for shipping prices coming down.
CONTINUED
EnergySupply2008 3 years ago
At 147.36, fuel cost represented 54.6 percent of the cost of doing business in dry bulk ships. If it had represented 100 percent, we would have seen even higher shipping costs.
Listen to this fear-filled person at the risk of unwarranted fear and panic overtaking your own mind.
EnergySupply2008 3 years ago
Video maker says:
BDI reflects capacity versus demand = WRONG
He relates lower shipping costs to health of economy = WRONG
He says only floor now is zero. Moronic to think the cost of shipping goods, will go to zero
He says 93 percent decline in shipping costs means shipments have come to a standstill. More moronic analysis. Ever hear of a bubble?
CONTINUED
EnergySupply2008 3 years ago
This is a GOOD thing for America. Time to stop exploiting cheap foreign labor.
As it is now, we send Ships full of "raw" materials to China, etc. and they use slave workers to make the stuff, then they ship the finished products for us to buy. Made In America is what NEEDS to happen anyhow.
zecnobot 3 years ago
I have been buying extra food everytime I go food shopping and started an inventory. CYA.........
Gentilejedi 3 years ago
Interesting. I may have to look this up soon.
LtFang299 3 years ago
Those of you that are scared are RETARDED, we are AMERICA goddamit , we going to bounce back from this. We don't fucking need foreign goods.
FlakJacket86 3 years ago
you're fucking dumb.
we depend on everybody but ourselves.
NarutakiTwins 3 years ago 3
If we were still a capitalism we could, but we're not anymore. Where have you been?
dwdollar 3 years ago
If the economy slows so does the BDI. Only a moron would think we are going to starve. This moron is trying to use fear to get stupid people to believe this. Living in fear causes cancer!!!
TittersRevenge 3 years ago
Attention all enlightened persons. Leave the USA now. Come to Costa Rica. For more info and help, respond to this post. James
james2macd 3 years ago
It is interesting that in the bible it says there will come a day in which a the four horse of the Apocolyse come forth. The black one seems to indicate a world wide famine is to come and a massive amount of people die as a result. There also seems to indicate a false world Messiah comes to unite the world countries and religons by means of peace, but that is short lived. The other horse ( not listed in order) seems to indicate great war and death . Get your bible & start reading. Repent today.
john146only 3 years ago