Susan Duclos told us in a story yesterday that when the mainstream media is no longer able to hide the fact that the US and global economies are about to implode, we know that real financial doom is upon us and after watching events in the business world unfolding today and this week, we have to say there's little doubt remaining that we have finally arrived at this long-warned moment in time.
We have reported that the Baltic Dry Index is like a 'canary in the coal mine' for the global economy and for those who have not yet been paying attention, the new video below from Bloomberg Business should clue you in. Called "Perfect Storm? The Shipping Industry Has a Warning for the World Economy", we see once again a mainstream outlet putting out a warning cry that all is not well in the financial world and it may be about to get much worse.
As our videographer MoneyBags73 tells us in the 2nd video below, the global markets are crashing while the gold rush is on. As we learn in the 3rd video below which features the classic speech from the movie "Network" called "I'm mad as hell and I'm not going to take this anymore!", Americans would be fools to allow the banksters to take everything that we've worked our entire lives for because of their foolish mistakes.
The audio of that absolutely classic scene is played along with visuals of important current financial world news headlines to paint a picture that should leave all of us concerned about the future and investing in long-term emergency/survival food, gold and other supplies to help us weather the coming storms.
As Bloomberg tells us in this 1st video below, experts are expecting 'more storms upon the horizon' and if the state of the Baltic Dry Index is any indication at all of what's to come, we should all buckle in for a bumpy ride.
"That is why we must all hope that the turmoil of recent days in the financial markets, and the increasingly worrying economic news, will turn out to be a false alarm. It would certainly be ridiculously premature, at this stage, to call a recession, let alone a financial crisis. But at the very least we are seeing a major dose of the 'dangerous cocktail of new threats'.
No developed nation today could possibly tolerate another wholesale banking crisis and proper, blood and guts recession.
We are too fragile, fiscally as well as psychologically. Our economies, cultures and polities are still paying a heavy price for the Great Recession; another collapse, especially were it to be accompanied by a fresh banking bailout by the taxpayer, would trigger a cataclysmic, uncontrollable backlash.
A new economic crisis would trigger a political backlash in Britain, Europe and the United States which could drag us all down into poverty."