The BDI Index Points To Worldwide Disaster

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By James Wickstrom   Feb 7,2009

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:
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.

http://www.rense.com/general85/des.htm


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One Response to “The BDI Index Points To Worldwide Disaster”

  1. Frank Weston Says:

    Check this eco-friendlyy safe storable fuel out. It is amazing product that can store for the next 30 years and still be as good as it was when you put it on the shelf. This will burn long enough to cook your food, boil water etc. If you are preparing for a disaster and want a simple safe way to store fuel. This is it.

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