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[quote name='Norman D. Plume' date='Jan 28 2009, 09:18 PM' post='2058185']
[size=3] Subject: Baltic Dry Index [/size]
       (Shipping situation that effects all of us)

Emphasis added by this poster.

An Email I Received On My Baltic Dry Index Video:

I've been discussing the Baltic Dry Index (BDI) with everyone I 
       can for months now. I started following it in June of 2008. It's not a 
       traded index so no one profits from the index itself, which makes it 
       virtually manipulation proof. It is what it is and that doesn't bode
       well for any of us.

OK, we have 26 shipping routes around the world that the BDI looks 
       at. Shipping stocks are slaves to the BDI. Capesize Ships (over 100,000 
       tons) make up only 10% of the World Fleet but move 62% of Dry Bulk 
       Traffic (at a given time Australia has 35/40, China 20, Brazil 40-50, S.

Africa 1-7). Panamax Ships (60,000-80,000 tons) make up 19% of the world

fleet and move 20% of the Dry Bulk Traffic (at a given time Australia 
       has 40-60, China 20-35, Brazil 3-12, S Africa 0-1). There is a third and
       fourth ship size but they are quite small and they aren't movingeither. 
       
       If we can use the Baltic Dry Index (BDI) as a guide for the next 
       12 months of product delivery and food availability in the stores we 
       shop in then the BDI says shelves will be virtually empty of almost 
       every product we use each and every day. 
       [b]If the BDI is wrong it will be an historic first. The BDI is used 
       by bankers, financial experts, brokers, traders and everyone in high end
       finance to assess the global financial condition and the availability of
       products worldwide.[/b]

The BDI has dropped 94% in a short few weeks which means raw 
       materials, grains, ores, steel, iron, cement and all imported products 
       for food manufacturing and product manufacturing even though we actually
       do very little of that here in the US.

We do make bread and other products that require grains, like 
       cereals. We import clothing, gasoline, various fuels and, well, just 
       about everything these days and the BDI says global shipping has shut 
       down. NOTHING is moving. 
       Because this spells disaster for a country that produces little 
       and imports everything I have been intently blogging about the subject 
       and asking people to view a short video I have posted (8 minutes) 
       on:

[url="http://thegreendragon.ning.com/video/vital-critical-you-must"]http://thegreendragon.ning.com/video/vital-critical-you-must[/url]
        <http://thegreendragon.ning.com/video/vital-critical-you-must>

The Baltic Dry Index (BDI) is an indicator of how much product is 
       actually out for delivery throughout the world. It cannot be cheated or 
       manipulated because it deals with actual products that are either 
       actively being shipped, or are on docks awaiting to be shipped as 
       Freight On Board (FOB).

As the chart below proves, back in June, 2008 the BDI stood at a 
       reasonably healthy 11,600. As of today, the BDI has plummeted to 791. 
       That's about a 94% drop in goods actually being shipped 
       worldwide.

This portends unprecedented disaster around the world, especially 
       as it relates to food. Products are simply not being shipped. They 
       aren't being shipped because there aren't any orders for them.

This will translate into massive, unprecedented unemployment 
       worldwide and, as things get worse, massive food shortages.

I have urgently asked each of you to stock up on dry foods like 50 
       lb bags of rice, 50 lb bags of oatmeal, beans, powdered milk, canned 
       foods, canned vegetables and such to assure your family will have enough
       to eat when the world economy totally collapses.

Many of you laughed me off as some sort of kook for making those 
       suggestions, with some of you going so far as to call me "chicken 
       little, the sky is falling." Well, it appears I'm having the last 
       laugh.

I correctly forecast the economic meltdown which took place in 
       September. For over a year prior to that meltdown, I warned it was 
       coming and, in March of 2008, I actually pinpointed the month the 
       meltdown would take place, warning you it would happen in September. It 
       did.

Now I am once again warning you about food shortages because the 
       facts are irrefutable. The BDI proves that goods are not being shipped. 
       There has been a 94% reduction in shipped goods since June of this year 
       and it is only going to get worse.

If you do not have food stored up for your family, you will starve 
       to death. If you do not own guns and ammunition, any food you DO have 
       will be stolen by roving bands of savages who are trying not to starve 
       to death.

The social breakdown that is coming is unparalleled in modern 
       history. We are going to suffer on an order of magnitude greater than 
       folks suffered during the Great Depression. Please, I urge you, prepare.

There are only a few precious months left before it all goes to 
       hell.

So as I said, I have been emailing everyone I can think of and 
       here's a very interesting email I received back from a friend
       tonight.   He's a senior level electrical engineer for a large engineering and 
       construction firm in Denver and designs and builds large power plants 
       for a living.

Hi Jeff,

Quite the contrary, I'm well acquainted with the Baltic Dry Index. 
       My brother is a mid- to high-level executive with a logistics/cargo 
       firm. His company (as well as all other shipping companies) have seen 
       huge dives in the amount of business they do.

The main point that many people do not understand is that without 
       trade between states and nations no one prospers! It's always
       tempting  to say "screw the third world countries and screw the Chinese with
       all  the crap they send over here! Let's shut our borders down and not
       import  anything!" But the reality is that no country that practices such 
       Draconian protectionist policies ever lasts very long. So with that, it 
       is of huge concern to you, me, and everyone else "in the know"
       when the  BDI drops so drastically! The whole world is truly tied at the hip, as 
       the saying goes!

Brother, I'm on board with you 100%! I sincerely appreciate you 
       taking the time to send me the link (which I will watch by this 
       weekend). You hit the nail on the head in that 98% of the people in this
       country have not one clue what the BDI is, what it indicates; nothing! 
       The truly sad thing, to me at least, is that the masses of "useful 
       idiots" (as Lenin called them) have no clue what is going on around
       them, yet they so eagerly and boisterously vote! I'm afraid that this 
       country is going to have to go through a considerable amount of pain 
       before the uneducated, ignorant (and I won't say stupid because they
       simply have not been taught) masses "get it".

I am a senior level electrical engineer for a large engineering 
       and construction firm in Denver. I design and build large power plants 
       for a living. Without giving the whole story of my career believe me 
       when I say that in the next few years this country will see rolling 
       blackouts (and that's not taking into account another terrorist attack 
       on our country!). If the people in this country knew what I know first 
       hand about our power grid and the condition of our (very old!) power 
       plants in this country, they would probably crap themselves in fear! The
       only surprise to me is that the blackouts didn't happen this past 
       summer, but that was due to 2008 being a cooler year than expected. The 
       bottom line is, our power grid (and for that matter, much of the 
       infrastructure in this country) is tapped out and actually older than 
       its expected life.

And yet, our wonderful federal government, elected by us "useful 
       idiots", continues to spend, spend, spend like drunken sailors.

Why? 
       Well, because that's what we've "always" done! It
        sickens me! 
      
        Take a look at www.chrismartenson.com
        <http://www.chrismartenson.com>

This fellow has his head 
       screwed on straight!

Take it from me brother, I build power plants for a living. But I 
       still have a basement full of not just guns, ammo, and food, but of 
       fuel! White gas, propane bottle's, even sterno & alcohol type cans. 
       Do yourself a favor if you haven't already, STOCK UP on a fuel supply, 
       at least so that you can cook and have some modest heat if you don't
       have a fireplace! Consider what you have and ask yourself if you have 
       enough to get you through a month, 2 months? Three?

God Bless Sam's Club for carrying Coleman fuel and propane and 
       such...

I'll share more of my knowledge (limited though it is) with you 
       later on.

Peace be with you brother. Hope for the best but prepare for the 
       worst!

XXXXXXX

Believe or don't, the choice is yours but at the very least I 
       suggest you start doing the research on this subject or you may be 
       starving in a few short months.
[/quote]

Susan	Posted Jan 29 2009, 09:10 AM
	QUOTE (soakingood @ Jan 29 2009, 09:59 AM) I live in the grocery world. At this point, there are no shortages. Except Nabisco crackers. We're on allocation. One of our metrics is OOS (Out of Stocks). Our numbers have not increased, so no overall shortages right now. dh is in grocery world as well and he's not mentioned any shortages
soakingood	Posted Jan 29 2009, 08:59 AM
	I live in the grocery world. At this point, there are no shortages. Except Nabisco crackers. We're on allocation. One of our metrics is OOS (Out of Stocks). Our numbers have not increased, so no overall shortages right now.
Guest	Posted Jan 29 2009, 08:42 AM
	The Baltic Dry Index gained another 1% today, which makes seven up days in a row. Since bottoming in December, the index has formed a nice uptrend, gaining over 50%. Longer term, however, the index's highs from last Spring are still a long ways off. While the index bottomed on December 5th with a 94.4% decline from its all-time high of 11,793, at its current level of 1,014, it is still down 91.4% from its May 20th high. In order to get back to those highs, the index would have to rally an additional 1,063%. Hey, you have to start somewhere.
Omph	Posted Jan 29 2009, 08:41 AM
	QUOTE (Susan @ Jan 29 2009, 08:37 AM) http://seekingalpha.com/article/117099-bal...n-days-in-a-row BDI broke to the upside a week ago I still expect shortages because people still expect to be paid.
Susan	Posted Jan 29 2009, 08:37 AM
	http://seekingalpha.com/article/117099-bal...n-days-in-a-row BDI broke to the upside a week ago
ehl	Posted Jan 29 2009, 08:34 AM
	Another excellent thread worthy of bump...I'll read later!
$12.4million reply	Posted Jan 29 2009, 07:55 AM

Pulgosa	Posted Jan 29 2009, 07:34 AM
	I guess fruit will be the first noticeable thing to go... for the ba-na-na
Philadel envelope	Posted Jan 29 2009, 07:30 AM
	http://www.instructables.com/id/Easy-orang...-NO-DIG-GARDEN/ http://www.instructables.com/tag/?sort=non...on&q=garden
hari kari butter knife girl	Posted Jan 29 2009, 02:33 AM
	QUOTE (Norman D. Plume @ Jan 29 2009, 02:32 AM) QUOTE (Guest @ Jan 28 2009, 11:38 PM) QUOTE (Norman D. Plume @ Jan 29 2009, 01:15 AM) QUOTE (Guest @ Jan 28 2009, 09:32 PM) What's up with the two other threads saying that the BDI is going UP? There is a bottom somewhere, and then it goes up. Link? What other threads? What do you guys make of this? http://www.proxywhore.com/invboard/index.p...howtopic=156302 I make very little of it because I do not understand such things. Ask Whipsnade to interpret that. I do understand that if shipping is not happening, and we need shipping to eat, then we will go hungry. That is what I am beginning to understand too Norman.
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