The Ice Blog

by Ice

John Harris: It’s an Illusion


April 14, 2009 Posted by | Commodities, Contracts, Corporations, Fraud, Government, Law, Legislation, Policy, Political Partys, Politics, Statutes, Terms and Conditions, Trade | , , , , , , , , , , | 1 Comment

Analysts: New Era Of Chaos Has Taken Hold

Analysts: New Era Of Chaos Has Taken Hold 230209meltdown

Banking collapse has already happened; Crisis is worst ever; Financial system has effectively disintegrated; Mass social insurrection likely

Steve Watson
Monday, Feb 23rd, 2009

A wave of economists, investors and other financial experts issued a series of dire warnings concerning the global financial crisis over the weekend, stating that a new era of chaos has taken hold all over the globe.

Some asserted that a total banking collapse has already occurred, while others said that the downturn is now the worst on record, far outstripping the great depression.

Hedge fund manager and billionaire philanthropist George Soros said the financial system has effectively disintegrated, with the turbulence more severe than during the Great Depression and with the decline comparable to the fall of the Soviet Union.

Former chairman of the Federal Reserve Paul Volcker said he could not remember any time, even in the Great Depression, when things went down so fast and quite so uniformly around the world.

Financial market analyst Martin D. Weiss has stated that the banking collapse has already occurred and a major Wall Street meltdown is now imminent.

Leading forecasters, The National Association for Business Economics, have warned that the recession is projected to worsen and unemployment could hit 9% this year, 10% percent next year and continue to rise into 2011. In 2008, the jobless rate averaged 5.8 percent, the highest since 2003.

Financial professors Carmen Reinhart of the University of Maryland and Kenneth Rogoff of Harvard University have said that the crisis is “as bad as they come”, warning that if the averages of previous crises hold, Americans can expect unemployment to reach 11 or 12 percent, housing prices nationally to drop 36 percent, stocks to lose more than half their value, and real output per capita to plunge 9.3 percent.

New York University economist Nouriel Roubini has predicted a lost decade of Japanese-style stagnation (a deadly combination of stagnation, recession and deflation) but on a worldwide basis.

“The global economy is now literally in free fall as the contraction of consumption, capital spending, residential investment, production, employment, exports and imports is accelerating rather than decelerating,” Roubini wrote.

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February 24, 2009 Posted by | Bailout, Banks, Chaos, Commodities, Credit, Deficit, Deficit Spending, Economy, End of America, Finance, Government, Inflation, Loans, Martial Law, New World Order, Politics | , , , , , , , , , , , , , , | Leave a comment

BDI Falls 93%

The Baltic Dry Index (BDI) is a number issued daily by the London based Baltic Exchange.  The index provides an assessment of the price of moving major raw materials by sea.  The BDI traces its roots to the Virginia and Baltick Coffeehouse in London’s financial district in 1744.  Taking in 26 routes measured on a timecharter and voyage basis, the index covers Handyman, Panamax and Capesize dry bulk carriers carrying a range of commodities including coal , iron ore and grain.

Will the US be CUT OFF from the World?  Watch the video, do some research and draw your own conclusions.


Update:  For those of you unaware of the recent news, the BDI has fallen 98% since this article was posted.  There is no merchandise being moved by sea.

December 23, 2008 Posted by | Commodities, Credit, Economy, End of America, Index, manufacturing, Production, raw materials, Shipping, Trade | , , , , , , , , , | 6 Comments