December 18, 2008

Baltic Dry Index portends absolute economic disaster worldwide

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 about a 94% drop in goods actually being shipped worldwide. (Click the chart below to see entire graph)

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.

Over the past year, I have urgently asked each of you to stock up on dry foods like 50 lb bags of rice, 50 lb bags of oatmeal, 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.