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World Production Down 78%, Baltic Dry Index

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  • World Production Down 78%, Baltic Dry Index

    Baltic Dry Index on 6/4/08 was 11,623 and on 8/20/09 is 2,614.
    That's 78% down.

    What is it? The Baltic Dry Index is a daily average of prices to ship raw materials.
    Unlike stock and commodities markets, the Baltic Dry Index is totally
    devoid of speculative players. The trading is limited only to the
    member companies, and the only relevant parties securing contracts are
    those who have actual cargo to move and those who have the ships to
    move it.

    (what is not said above is without credit from the bankers, nobody is
    going to BE shipping anything .. so the above statement at least misleading and most disinformation)


    It's so bad on 7/1/09 they did what they do when they want to hide the
    real numbers, they changed the way the Baltic Dry Index is calculated.

    To see what was freaking everyone out during the beginning of the bail outs,
    see chart of the past 2 years, click on the 2y at the bottom of the chart.

    Hello, people .. 75% less raw materials being shipped means 75%
    fewer products in the stores ...
    The Prices of products will RISE no matter what the value of the
    dollar does... and they still be calling it a Recession.

    No matter what they call it, we have not even see the shock waves
    of this thing yet as the products start disappearing off the shelves at stores.


    Lack of demand is going to mess these shipping companies up.
    They have ships not making money.

    I'm very thankful I did not know about this when it crashed .. else
    I'd probably had been like chicken little screaming the sky is falling.

    So for those that hate living like a mushroom
    and being treated like one too :

    The Sky Is Falling ... Wake Up

    Randy
    Is it not better to know, than to not know?
    Remember to be kind to your mind ...
    Tesla quoting Buddha: "Ignorance is the greatest evil in the world."

  • #2
    Originally posted by Vortex View Post
    So for those that hate living like a mushroom
    and being treated like one too :

    The Sky Is Falling ... Wake Up

    Randy
    Is it not better to know, than to not know?
    At the end of your life will you look back and say my life was dark and fearful, but I was "in the know" and that's what counts. I spent my time thinking on and listing in full detail all the reasons why life sucks and described them all over and over. The more I looked, the more there was to be terrified about. I found every part of it. Man was I smart, especially compared to others who heard all the same info but didn't understand how important it was to dwell on it, and consume their lives with it.

    Or will you say, I lived every precious moment in as much joy as possible doing my part to make the world a better place. I thought on and listed all the reasons to make something of my life. The more I looked, the more miracles I discovered. I smelled the roses, I hugged a friend, jumped into a lake, and really lived.


    And btw if conspirators who want to keep you under their thumbs are making you a target, which way do you think they would like you to spend your life? Under which mentality is it easier to control and limit you?

    There's a balance to life, no?
    Keep your mind on the aether www.PathsToSucceed.com

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