Monday, January 11, 2016

Recession, deflation, and shipping that has ground to a dead halt

Earlier today, Jeff Berwick, also known as the Dollar Vigilante, reported a monumental announcement from one of his sources in the shipping industry that exports and sea transport had suddenly ground to a dead halt.  This of course validates the ongoing theme that the world is in a global recession, and that central bank money printing has long past its point of diminishing returns.

To double down on Berwick's information, another source created a graphic from real time shipping itineraries and came up with something that is not only historic, but utterly heard of since perhaps the 15th century.

No commercial shipping taking place at all in a given period anywhere around the world.


As noted in this graphic, not a single commercial vessel has left port to carry cargo to another destination.
Last week, I received news from a contact who is friends with one of the biggest billionaire shipping families in the world.  He told me they had no ships at sea right now, because operating them meant running at a loss.This weekend, reports are circulating saying much the same thing: The North Atlantic has little or no cargo ships traveling in its waters. Instead, they are anchored. Unmoving. Empty. 
You can see one such report here.  According to it, 
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. – Dollar Vigilante

At this point, we await CNBC with baited breath to report an actual financial news story like this one.

We are still waiting...

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