The revolution continues with shipping freeze, stock plunge, US dollar dumping, $20 oil, attacks on gold mines and more

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.

We checked VesselFinder.com and it appears to show no ships in transit anywhere in the world.  We aren’t experts on shipping, however, so if you have a better site or source to track this apparent phenomenon, please let us know.

We also checked MarineTraffic.com, and it seemed to show the same thing.  Not a ship in transit…

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. Today BDIY hit 415…

 

Factories aren’t buying and retailers aren’t stocking.  The ratio of inventory to sales in the US is an indicator of this. The last time that ratio was this high was during the “great recession” in 2008.

Hey, Ms. Yellen, what recovery? The economy is taking on water at a rapid rate.

The storm has been building for some time, actually. Not so long ago, there was a spate of reports that the world’s automobile manufacturers were in trouble because cars were not selling and shipments were backing up around the world.

ZeroHedge reported on it this way:

Read more: http://www.zerohedge.com/news/2016-01-11/nothing-moving-baltic-dry-crashes-insiders-warn-commerce-has-come-halt

There is a systematic effort underway to remove all fraud from the world’s financial system. This campaign is now getting to the point where some major financial institutions and countries, including the US corporate government, are about to go bankrupt. This is all part of a hybrid war involving finance, super-computers, special forces operations, news, propaganda, pin-point assassinations and more.

Perhaps the most dramatic, and under-reported, new aspect of this ongoing struggle has been the freeze on global shipping. To confirm reports on the internet of a shipping freeze, this writer called NYK lines, a major international shipping firm, and was told “we cannot speak for the whole world but, as far as our company is concerned, with current shipping prices we will lose money every time we send a ship so we have stopped.” Chinese government sources told this newsletter shipping companies are now demanding to be paid in Chinese yuan and not dollars and that is a major reason for the freeze in shipping worldwide. If this continues, it will lead to empty super-market shelves and social unrest, especially in the US. The announcement last week by Walmart that it is closing 269 stores is just the beginning.

Another major dimension to this hybrid war has been the attack on the oil cartel and control of the petro-dollar. It is this attack, and not oversupply, that is the real reason for oil prices plunging to the $20 per barrel level, and in the case of bitumen, the lowest grade Canadian oil, $8 a barrel level. What is happening is that China is insisting on paying with Yuan for its oil. Furthermore, now that sanctions against Iran have ended, Iran, which has some of the lowest production costs in the world, will be flooding the market with an extra million barrels of oil per day. China is helping both Iran and Russia deal with low oil prices by sending them Chinese goods at cheap prices in exchange for their oil. India is also avoiding the petrodollar when it buys Iranian and Russian oil.

This campaign will continue until Saudi Arabia, the Gulf Cooperation Countries and the big Khazarian banks go under, according to Pentagon white hats. The first Khazarian megabank domino that is expect to fall is

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Source: http://benjaminfulford.net/

 

 

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9 Responses to “The revolution continues with shipping freeze, stock plunge, US dollar dumping, $20 oil, attacks on gold mines and more”

  1. salty says:

    The Baltic Dry Index, a measure of the cost of transporting commodities, plunged to a record amid signs of slowing economic growth in China that’s also hurting the nation’s stock market.

    The index retreated 1.1 percent to 468 points, tumbling below a previous record low set in December.

    Rates declined for all except one of the vessel types monitored.

    http://afloat.ie/port-news/port-and-shipping-news/item/31144-ship-baltic-dry-index-tumbles-to-fresh-record-amid-china-turmoil?

  2. salty says:

    2016 Will Be Catastrophic For Dry Bulk: Baltic Dry Index Sets Another Historic Low

    Jan. 21, 2016

    After a terrible 2015, the dry bulk sector is bracing for what could be the worst year ever, yes, ever.

    The recent turmoil out of China has provided the latest catalyst for taking the Baltic Dry Index down to historically low levels.

    The current rate environment is unsustainable for any company.

    Sadly, there are no positive catalysts on the horizon, and more negative influences continue to surface on a seemingly daily basis.

    2016 will indeed be a year where only the strong survive.

    Drybulk shippers specialize in transporting cargos, typically commodities, such as iron ore, coal, grain and other materials around the world.

    http://seekingalpha.com/article/3823646-2016-will-catastrophic-dry-bulk-baltic-dry-index-sets-another-historic-low

  3. beLIEve says:

    One of the elements, that is said to be contributing to the reduction in shipping traffic is the ….REFUSAL of CHINA to ACCEPT US DOLLARS as PAYMENT for CARGO.
    If true, this might explain why …MAL-WART….is experiencing problems, stocking its shelves.

    China ‘aint accepting …RAT PAPER….as payment.
    The…. FIAT PONZI ….SCAM is CRUMBLING.

  4. Lynn says:

    Yes you are right …it’s all imploding and the roaches are seeing their plans turning to dust. About time the world turned on these savages..they have had it all their own criminal way for too long. It’s time.

  5. salty says:

    Global Financial Turmoil: A Severe Worldwide Economic Recession in 2016-17

    http://www.globalresearch.ca/global-financial-turmoil-a-severe-worldwide-economic-recession-in-2016-17/5502923

    January 22, 2016.

    The onset of 2016 has been most chaotic for global financial markets with, so far, a severe stock market correction.

    As a matter of fact, the first month of 2016 has witnessed the most severe drop in financial stocks ever, with the MSCI All-Country World Stock Index, which measures major developed and emerging stock markets, dropping more than 20 percent, as compare to early 2015.

    For sure, there will be oversold rallies in the coming weeks and months, but one can expect more trouble ahead.

    Many commentators are saying that the epicentre of this unfolding financial and economic crisis is in China, with the Shanghai Composite Index beginning to plummet at the beginning of the year.

    In my view, reality is more complex and even though China’s financial and economic problems are contributing to the collapse in commodity prices, the epicenter of the crisis is still in Washington D.C.

    http://www.globalresearch.ca/global-financial-turmoil-a-severe-worldwide-economic-recession-in-2016-17/5502923

  6. beLIEve says:

    GOLD BACKED CURRENCIES.

    In the first week of April 2016, China is apparently intending to peg the Yuan to Gold.
    It seems this is an attempt to inject some integrity into the “monetary” system….or, maybe I should say SCAM.

    http://www.goldstockbull.com/articles/gold-price-discovery-moving-to-china-in-april/

    The drop in freight shipping may well have been a result, of China’s decision to refuse payment in $ FIAT.
    If, true it seems this decision was simply a precursor to China’s intention to REINTRODUCE GOLD into the payments system.

    China has warned Foreign Banks (I imagine this is a reference to Foreign Banks operating in China) that they must participate in YUAN based GOLD PRICE FIXING or, face losing their Chinese gold import right.

    Bloomberg has suggested that gold might rise as high as $64,000.00 from its current base of $1,100.00.

    http://www.goldcore.com/us/gold-blog/gold-at-64000-bloombergs-china-gold-price/

  7. salty says:

    World’s Biggest Containership “Hard Aground” As Baltic Dry Crashes Below 300 For First Time Ever

    4 February 2016.

    http://www.zerohedge.com/news/2016-02-04/worlds-biggest-containership-hard-aground-baltic-dry-crashes-below-300-first-time-ev?

    Before this year the lowest level The Baltic Dry Index had reached was 556 in August of 1986 and the highest was in June 2008 at a stunning 11,612. Today saw the freight index hit a new milestone however, crashing through the 300 barrier for the first time ever – at 298, this is almost 50% below the previous record low.

  8. salty says:

    Trading Oil in OTHER Currencies Won’t Kill the Dollar: US Doesn’t Care What Color …..

    Sunday, February 14, 2016.

    … Electrons the World Use

    http://www.4thmedia.org/2016/02/trading-oil-in-other-currencies-wont-kill-the-dollar-america-doesnt-care-what-color-electrons-you-use/

    There are good reasons for doing certain cross-border trade in your own currency, or that of your trade partner.

    Consider that all digital dollar transactions across borders, anywhere on this planet, have to go through one or more U.S. banks.

    And if Uncle Sam doesn’t like you, well, he can just cut you off from that.

    No more foreign trade for you!

    It happened to Iran in 2012, forcing the country to survive on a bizarre gas-for-gold scheme with Turkey, complete with a “gold express” on passenger flights from Dubai to Tehran.

    Russia was also threatened with something roughly along these lines in 2014.

    Thus, the main benefit of using non-dollar currencies in your foreign trade: You’re not as vulnerable to the whims of Uncle Sam.

    And for countries on the outs with the Uncle, that’s very important.

    But that’s it.

    Folks who claim that “de-dollarization” in the oil trade—or any other trade—will “kill the dollar” (or something like that), don’t ever explain how.

    Sure, it sounds good, but what is the mechanism of action?

    Answer: There is none.

    Because, today, demand for the dollar isn’t based simply on the convenience of using it to settle accounts across borders.

    Or more precisely, that’s part of it, but by no means the root of it.

    The dollar is convenient because every country and major bank has some.

    In other words, demand for the dollar is based on its status as the global reserve currency.

    And its status as the global reserve currency is due to the massive, highly-liquid market for U.S. Treasury bonds.

    And the massive, highly-liquid market for U.S. Treasury bonds owes its existence to:

    (1) The USA’s unique position of running perpetual, large, unrestrained budget deficits, while

    (2) maintaining its ability to pay off the debt issued to cover those deficits by issuing more debt perpetually, while

    (3) the world needs somewhere to stuff its trillions in cash (to include trillions of dollars earned by running large, perpetual trade surpluses with the USA.) Because, after all, a foreign central bank holding cash dollars wouldn’t be able to pay itself a return, and as for potential large depositors, your national deposit insurance scheme only guarantees accounts up to some trivial amount. Whereas the USA can print dollars and thus, guarantees all of its bonds.

    Does this sound like a confidence scheme?

    Hell yeah!

    But what are you going to do about it?

    That is, if (hypothetically) everyone suddenly lost confidence in the USA’s ability to pay its debts without inordinately debasing its currency…

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