WORLD TRADE COMING TO VIRTUAL STAND STILL! SOME TRUCKERS STUCK FOR A WEEK AT A TIME FOR PRODUCT TO HAUL-WHEN THE TRUCKS STOP RUNNING, SO DO AMERICAN HOUSEHOLDShttp://www.stevequayle.com/index.php?s=33&d=1724
I import from China and I just received a container of products. I personally know the delivery driver.
We had a considerable delay because he had to drive 65 miles to get a container chassis from Maersk Line. This is unheard of because they always have a lot of chassis at the Chicago rail head. I asked him what was up because it is not peak volume time for anyone.
The delivery driver is part of a company that also imports a lot of products. I asked if they were experiencing any shipping problems out of China (because we have had issues). He said they had a container waiting for 7 weeks because Maersk had cancelled 35 sailings. I know the world economy is bad but 35 sailings is a lot….
Website tracking shipping from satellites:http://www.marinetraffic.com/en/ais/home/centerx:-53/centery:54/zoom:3
Economy is in shambles and only appears to look strong because of the hot money that is holding it up
Central bankers have been on a massive Gold Buying Spree led by Russia and China. One must remember that not only is Putin ex-KGB, but he is also an economist and holds a black belt in judo. Judo teaches you to use your opponent’s momentum to defeat him or her, and that appears to be what Putin is doing.
Ability hits the mark where presumption overshoots and diffidence falls short. John Henry Newman Central bankers have been on a massive Gold Buying Spree led by Russia and China.http://sputniknews.com/blogs/20160311/1036155953/us-russia-china-gold.html#ixzz43M84C6rI
One must remember that not only Putin is ex-KGB officer, but he is also an economist and holds a black belt in judo. Judo teaches you to use your opponent’s momentum to defeat him or her, and that appears to be what Putin is doing. He has this administration running circles, by the time they figure out what he is up to, it is too late to do anything. Putin and China can see that the writing is on the wall that the days of US holding the top spot are numbered.
Our economy is in shambles and only appears to look strong because of the hot money that is holding it up. Regarding illusions, it is a perfect illusion and for now, the masses have bought it, but Russia and China have not.
IMF’s Lagarde Says Negative Rates Have Helped Global Economy
Negative Interest Rates is outright theft of Capital and wealth that is the latest plunder of the citizens by the Public Sector Syndicate. It does not help an economy just as the other Keynesian Economics of Stimulus and QEs does not help any economy as they just destroy the wealth and monetize the debt. The criminals of the Public Sector Syndicate including the Central Banks, IMF, etc. have created and enabled all depressions and recessions since their inception or establishment. The crime and corruption of the Public Sector Syndicate is the cancer that has bankrupted every nation in the World today.
Well That Didn’t Work
This sudden failure of easy money to produce the usual result is potentially huge, because the only thing standing in the way of a debt-driven implosion of the global economy (global because this time around emerging countries are as over-indebted as rich ones) is a belief that what worked in the past will keep working. If it doesn’t — that is, if negative interest rates start strengthening rather than weakening currencies — then this game is over. And a new one, with rules no one understands, has begun.