Nothing Is Moving? Has Commerce Come To A Halt ?

By
Real Estate Agent with Allison James Elite CA. BRE 01501699

Chris B Johnson, REALTOR®, SFR®, CDPE®, CHS®

Interesting If True....

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. This has never happened before. It is a horrific economic sign; proof that commerce is literally stopped.

If true, this would be catastrophic for world trade. Even if it’s not true, shipping is still nearly dead in the water according to other indices.  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.

The world’s economy seems in serious trouble. You can’t print your way to prosperity. All you are doing is hollowing out your economy. Draining it. And sooner or later it’s empty and you have to start over after a good deal of crisis and chaos. It’s no coincidence that China is struggling desperately to contain a stock implosion. Reportedly, banks have been told they are forbidden to buy US dollars and numerous Chinese billionaires have gone missing. And the markets have just opened on Monday and are again deeply in the red.

Are people upset now? Just wait. Interruptions in goods and services, most critically food, almost happened in 2008 during the Great Financial Crisis. For three days worldwide shipping was stranded due to shipping companies not knowing whether or not the receiver’s bank credit was good. That crisis was staved off due to a massive amount of money printing. It 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. Sailors watch the weather to see if it is safe to set sail. Investors should be watching the economic climate with the same intensity. We are already sailing through very stormy waters

 

 

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Rainer
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Erin Bates
CMG Financial and Expansion Marketing Services - Aurora, CO

Wow - I had no idea. Of course this is not something we see much about on mainstream media. I do know that Europe shut down most of the food imports from the US this year due to our excessive and unyielding use of GMO processes. Thank you for sharing - most definitely something to keep an eye on. 

Jan 12, 2016 04:00 AM #1
Rainmaker
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Chris B Johnson REALTOR®
Allison James Elite - Moorpark, CA
5 Star Rated REALTOR® Quality, Not Quantity

Not sure if it is all true Erin Bates , but definitely worth keeping an eye on.

Jan 12, 2016 04:02 AM #2
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Rainmaker
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Chris B Johnson REALTOR®

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