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Socio-Economics & History Commentary

First Ocean Freight Rates Collapse to “Zero,” China Freight Index Plunges to Record Low, Bailouts Loom

China-Containerized-Freight-Index-2016-03-25

  • First Ocean Freight Rates Collapse to “Zero,” China Freight Index Plunges to Record Low, Bailouts Loom
    by , http://wolfstreet.com/  
    The next stage of “Moral Hazard?”
    The amount it costs to ship containers from China to ports around the world has plunged to historic lows. As container carriers are sinking deeper into trouble, whipped by lackluster global demand and rampant oversupply of container ships, they’re escalating a brutal price war with absurd consequences. Maritime research and advisory firm Drewry (emphasis mine):


    Recent news stories, backed up by anecdotal stories told to Drewry, report that carriers have quoted zero dollar freight rates to some forwarders on certain lanes out of Asia. Whether these are merely isolated cases or something more widespread is difficult to judge at the present time, but whatever the exact quantum, there is no denying the container rates are now close to the historic lows as seen in 2009.

    The World Container Index, an average of spot freight rates on 11 global East-West routes connecting Asia, Europe, and the US, plunged last week to a record low of $666 per 40-foot equivalent unit container (FEU), down 73% from mid-2012!

    The China Containerized Freight Index (CCFI) tells a similar story. It tracks contractual and spot-market rates for shipping containers from major ports in China to 14 regions around the world. On Friday, the index dropped 1.6% to 659.19, its lowest level ever! It has plunged 39% from February last year and 34% since its inception in 1998 when it was set at 1,000: (top of post)

    read more.

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March 30, 2016 Posted by | Economics | , , , , , , , , , | Comments Off on First Ocean Freight Rates Collapse to “Zero,” China Freight Index Plunges to Record Low, Bailouts Loom

Strategy Now in Place for Systemic Financial Collapse as Federal Reserve Expands ‘Too Big to Fail’ Bailout Practices … Globalists Positioning for Collapse!

Newspaper-With-Financial-Collapse

  • Strategy Now in Place for Systemic Financial Collapse as Federal Reserve Expands ‘Too Big to Fail’ Bailout Practices … Globalists Positioning for Collapse!  
    by L.J. Devon, http://www.naturalnews.com/  
    (NaturalNews) The 2010 Dodd-Frank financial reform law gave the Federal Reserve central bank the power to loan out large sums of money (hundred of billions of dollars) to individual companies that had failed in the marketplace and had become insolvent. The Dodd-Frank law allowed the Federal Reserve to be a puppet master of the economy. It gave a small group of globalist bankers the power to hand out bailouts to the big play makers on Wall Street. This is the opposite of free market capitalism.

    For example, the Federal Reserve bailed out AIG and Citigroup Inc. when the companies failed, and couldn’t pay their debts. The FED also bailed out JPMorgan Chase & Co after they risked it all and failed buying Bear Stearns, which was on the brink of collapse. Dodd-Frank essentially took all the risk out of doing business, allowing the largest companies in the US to become “too big to fail.”

    Federal Reserve destroying the value of the currency, accelerating income inequality
    As the Federal Reserve printed erroneous amounts of money to bail out companies that had failed, they were simultaneously inflating the currency and destroying the value of the dollar. This kind of free-for-all money printing by the Federal Reserve negatively impacts lower income families the most, as costs for staple goods go up. The Federal Reserve has silently taxed the poor in the process of bailing out big business. This has rapidly accelerated income inequality in the country.

    Now that the damage is done, the Federal Reserve Board has agreed to adopt a new rule going forward, blocking their ability to bail out individual companies. At first glance the new rule seems much fairer, but after looking more closely it becomes apparent that the rule won’t end Federal Reserve bailouts. Instead, the rule expands the bailouts, allowing the FED to rescue the broader financial system instead of individual companies.

    Are globalists positioning for a massive wipe-out of the financial sector? This seems to be the case. The FED isn’t planning to rescue individual companies when they crash in the future. The FED is giving itself the power to hand out emergency loans to entire sectors of the economy, consisting of at least five companies at a time!

    read more.

Ludwig_von_Mises-No_avoiding_final_collapse_of_a_boom_brought_about_by_credit_expansion_voluntary_abandonment_of_further_credit_expansion_or_toatl_catastrophe_currency_collapse

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December 10, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , | 1 Comment

Bix Weir: Implosion and Restart of Financial System Coming

  • Fed Plan is Print Money Until System Blows-Bix Weir
    by Greg Hunter’s USAWatchdog.com (Early Sunday Release) 
    Financial writer and analyst Bix Weir is not surprised by the Federal Reserve’s policies because it is all part of the long term plan. Weir explains, “The goal, since we went off the gold standard in 1971, has been to run the financial system as long and as hard as possible, sucking up all the benefits of fiat money, and there are very few attempts to slow this mess down. The idea is to put as much money as you can . . . until you have printed so much money the system implodes. This was a Nobel Prize winning paper in the 1960’s called “On the Road to the Golden Age.” It basically says if you have this freedom and flexibility with the monetary system, run it as hard as you can until people stop accepting the unbacked fiat money, then crash the system and go back to something safe and sound after it all blows up. . . . What they need is a big enough bubble so when it crashes, it take out all the derivatives, the malfeasance of the banks, the good guys and the bad guys and all the things going on behind the scenes. They need the bubble so big, and that’s what they are doing right now is blowing the bubble so big everybody feels the effect of a crash.”

    When is the next crash coming? Weir says it will all unwind before “the end of this year.” Weir contends, “The decision will need to be made this year. The banks will, once again, come to Congress and say we need money for a bailout. That decision will be made by the U.S. people, not by Congress, not by the Fed and not by the banks. It’s going to come to the people, and I believe they will say no to bailouts.”

    read more.

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October 5, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , | Comments Off on Bix Weir: Implosion and Restart of Financial System Coming

Greek Banks Could Be Shut Within Days as Citizens Rush to Withdraw Money: Two Billion Euros Taken Out in Three Days as Fears Grow Country Will Leave Eurozone

http://www.dailymail.co.uk/news/article-3130737/Greek-banks-shut-days-citizens-rush-withdraw-money.html

Click on image for article.

  • Isn’t it wonderful to have such great Illuminist banksters making such “good comments” about Greek banks that encourages bank runs? Of course, their denials came fast and furious, afterwards.
  • The message is clear to the Greek government: “Do as you are told and behave yourself or we will tighten the screws and send your country to hell!”
  • The problem is: Greece is already in “Hell”. The Greek Tsipras government has a much stronger hand. What more can the banksters do to Greece that they are not already doing? The reality is: Should the Illuminist banksters continue to screw Greece, continue with the financial rape …. Greece has nothing more to lose. The final financial Armageddon card is in Greece hands. Should Greece say: “Goto Hell!” and DEFAULT, the entire Eurozone will collapse. The entire European banking system will go bust. The Illuminist banksters know this and are quaking in fear, despite all their threats. Who is threatening whom?
http://www.workers.org/articles/2015/02/03/banks-bailed-out-themselves/

Click on image for article.

http://www.forbes.com/sites/afontevecchia/2012/02/21/greek-bailout-deal-a-farce-to-benefit-banks-at-the-expense-of-greece/

Click on image for article.

http://www.attac.org/en/Stories/greek-bail-out-77-went-financial-sector

Click on image for article.

http://www.theguardian.com/commentisfree/2012/mar/22/greece-european-banks-eurozone

Click on image for article.

https://www.opendemocracy.net/can-europe-make-it/thomas-fazi/troika-saved-banks-and-creditors-%E2%80%93-not-greece

There is no bailout of Greece. It is a LIE by the MSM. It is a bailout of TBTF European and American banks by the troika!

Greek_Bailouts_Rescued_European_bankers_not_the_people

http://www.attac.org/en/Stories/greek-bail-out-77-went-financial-sector

Click on image for article.

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June 20, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , | Comments Off on Greek Banks Could Be Shut Within Days as Citizens Rush to Withdraw Money: Two Billion Euros Taken Out in Three Days as Fears Grow Country Will Leave Eurozone

Greece, Eurozone Agree to Extend Bailout Deal by 4 Months!

  • Published on Feb 20, 2015
    Athens and eurozone finance ministers have struck a deal to extend the Greek bailout by another four months. RT’s Peter Oliver has the details. Read More:
    http://on.rt.com/j3exuv

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February 21, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , | Comments Off on Greece, Eurozone Agree to Extend Bailout Deal by 4 Months!

Greek Bail-Out: 77% Went to the Financial Sector! EU Policy Saves Banks, Not The General Population!

http://www.attac.at/news/detailansicht/datum/2013/06/17/greek-bail-out-77-went-into-the-financial-sector.html

Click on image for article!

“The so-called Greek bail-out turns out to be another bail-out for banks and wealthy individuals”

  • Quotes: 

    More bizarre details
    Moreover, the investigation conducted by ATTAC brought to light several bizarre details of the so-called “Greek bail-out”:


    * Several times, EU and IMF reneged on their announcements and withheld promised disbursements by weeks or even months to put pressure on Greek democracy: in autumn 2011 to prevent a referendum on austerity policy; in May/June 2012 to raise the chances of Troika-friendly parties in the national elections. By withholding promised funds, the Troika forces the Greek government to issue short-term bonds to avoid imminent bankruptcy. Since those “treasury bills”, maturing within a few weeks or months, carry a higher interest rate, this actually increases Greek government debt. This serves as further evidence that debt reduction is not the Troika’s main interest, but rather a pretext to push forward the destruction of the welfare state and workers’ rights.

    * A tranche of €1 billion disbursed in June 2012 was primarily used to finance Greece’s compulsory contribution to the EFSF-replacement ESM. Thus, the EFSF financed its own successor – yet not directly but by raising Greek government debt.

    * Klaus Regling, managing director of EFSF and ESM, has switched between politics and the financial sector numerous times during his career. Before joining the EFSF, he worked in turn for the German government, the hedge fund Moore Capital Strategy Group, the European Commission’s Directorate-General for Economic and Financial Affairs and the hedge fund Winton Futures Fund Ltd. Regling thus stands as a symbolic example of the intertwining between financial markets and politics which partly explains why the EU’s crisis management policy is primarily aimed at saving the financial sector.

    * According to its Annual Accounts, the EFSF’s personnel costs amounted to €3,1 million in 2011. (9) According to media reports, 12 people worked for the EFSF in this year, (10) so an average €258.000 was spent per person. Managing director Klaus Regling allegedly earns €324.000 plus extra pay per year (11). People making these amounts of money supervise the reduction of the Greek gross minimum wage to €580 per month (€510 for youths) (12).

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January 29, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | 1 Comment

The Raping of Cyprus by Global Banking Cartel Escalates!

March 21, 2013 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , | Comments Off on The Raping of Cyprus by Global Banking Cartel Escalates!

Expect Stunning Global Expansion Of Government Theft !

ron-paul-do-not-steal_government_hates_Competition

  • Expect Stunning Global Expansion Of Government Theft! 
    by www.kingworldnews.com
    In the aftermath of the disaster in Cyprus and escalating fears from investors around the world that their savings will be confiscated, today King World News spoke with Michael Pento to ask him what people should expect going forward.  Pento spoke candidly about the frightening situation the West faces in the future. 

    Eric King:  “Obviously (after Cyprus) people are worried that governments are going to go in and start to steal money right out of their bank accounts.”

    Pento:  “This is the truth.  Governments follow something called, ‘The Rule of Law.’  But it is also true, Eric, that the rule of law is mutable.  By that I mean the rule of law changes with the whims of politicians.  In normal times what the government will do is they will steal the purchasing power of your currency surreptitiously.  In other words they will just print money and steal the purchasing power of your money without your permission.

    What’s happened now in Cyprus is they have actually taken a more honest step, a more overt means of taking away your money.  They are taxing your deposits in the bank.  Now, when you have an insolvent bank, and you have an insolvent nation, the only thing you can do is to go into the private sector and take their money.

    Normally that is done via money printing, but now the governments are getting aggressively in the business of stealing your money directly….

    read more!

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March 21, 2013 Posted by | Economics | , , , , , , , , , , , , , , , , | Comments Off on Expect Stunning Global Expansion Of Government Theft !

Cyprus Banks To Reopen Next Tuesday At Earliest As Capital Controls Become Reality!

Map_of_Cyprus

  • Cyprus Banks To Reopen Next Tuesday At Earliest As Capital Controls Become Reality! 
    by Tyler Durden, www.zerohedge.com
    We can only hope that nobody will be shocked that the greatly overhyped Friday Cyprus bank reopen has been postponed.

    C
    YPRUS BANKS EXPECTED TO REMAIN CLOSED THROUGH END OF WEEK:CYBC

    And since March 25, Monday, is another Cyprus bank holiday, “Greek Independence Day” (from whom? Certainly not the Troika), it means Cypriot banks will now remain closed at least until next Tuesday and likely far longer. In the meantime, since TV cameras can’t show lines of people at their freindly neighborhood bank, which will have been closed for over a week, the propaganda machine will blast full bore how because the market is pushed higher by the Fed, any fears of bank runs can be forgotten. Actually instead of “can”, replace with “must.”

    But since banks have to reopen at some time, at which point the inevitable bank runs will become reality, the already discussed Plan B is now taking shape:

    CYPRUS CABINET TO DISCUSS DECREE ON CAPITAL CONTROLS: CYBC

    It remains to be seen if a country can’t have a bank run in the New Centrally-Planned and Despotic Normal, if there is simply a law saying it is now illegal to pull or transfer more than €100 of cash per day.

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March 21, 2013 Posted by | Economics | , , , , , , | Comments Off on Cyprus Banks To Reopen Next Tuesday At Earliest As Capital Controls Become Reality!

Putin: Cyprus Bailout Deposit Grab Unprofessional & Dangerous!

March 19, 2013 Posted by | Economics, GeoPolitics | , , , , , , , , | Comments Off on Putin: Cyprus Bailout Deposit Grab Unprofessional & Dangerous!

Michael Rivero: QE4 is Little More Than LEGALIZED COUNTERFEITING! Economic Collapse & WW3 !

December 29, 2012 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , | Comments Off on Michael Rivero: QE4 is Little More Than LEGALIZED COUNTERFEITING! Economic Collapse & WW3 !

Europe Clings to Scorched-Earth Ideology as Depression Deepens!

euro_logo_dynamite

  • Europe clings to scorched-earth ideology as depression deepens! 
    by , http://www.telegraph.co.uk/ 
    Like the generals of the First World War, Europe’s leaders seem determined to send wave after wave of their youth into the barbed wire of tight money, bank deleveraging, and fiscal austerity a l’outrance.

    The strategy of triple-barrelled contraction across a string of inter-linked countries has been the greatest policy debacle since the early 1930s. The outcome over the last three years has been worse than forecast at every stage, and in every key respect.

    The eurozone has crashed back into double-dip recession. It will contract a further 0.3pc next year, according to a chastened European Central Bank. The ECB omitted mention of its own role in this fiasco by allowing all key measures of the money supply to stall in mid-2012, with the time-honoured consequences six months to a year later.

    The North has been engulfed at last by the contractionary holocaust it imposed on the South. French car sales crashed 19pc last month, even before its fiscal shock therapy — 2pc of GDP next year. The Bundesbank admitted on Friday tore up its forecast on Friday. Germany itself is in recession.

    The youth jobless rate has reached 58pc in Greece, 55.8pc in Spain, 39.1pc in Portugal, 36.5pc in Italy, 30.1pc in Slovakia, and 25.5pc in France, with all the known damage this does to the life-trajectory of the victims and the productive dynamism of these economies.

    EU policy elites blame “labour rigidities”. The United Nation’s economic arm UNCTAD counters that the EU demand for “wage compression” is itself perpetuating the crisis.

    read more!

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December 11, 2012 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , | Comments Off on Europe Clings to Scorched-Earth Ideology as Depression Deepens!

Eurozone on Edge of Disintegration!

November 30, 2012 Posted by | Economics | , , , , , , , , , , , , | Comments Off on Eurozone on Edge of Disintegration!

EU Economy Headed to More Trouble!

November 15, 2012 Posted by | Economics | , , , , , , , , , , | Comments Off on EU Economy Headed to More Trouble!

What’s Left To Cut? ‘Greece Sacrifice on Euro Altar’!

November 13, 2012 Posted by | Economics | , , , , , , , , , , | Comments Off on What’s Left To Cut? ‘Greece Sacrifice on Euro Altar’!