wisconsin_cur quoted:
$this->bbcode_second_pass_quote('', '&')quot;If you sit in one of the glamorous bars on the south side of Hong Kong, especially in the evening, you will see the lights of lots of ships," says Tim Huxley, chief executive of Wah Kwong Shipping, one of Hong Kong's largest ship-owners.
"Those ships are sitting there, waiting," he says.
"Those are bulk carriers and container ships that haven't got anywhere to go at the moment, there's no cargo for them to carry.
PeakOil is You
Shipping rates hit zero as trade sinks
Re: Shipping rates hit zero as trade sinks
by shortonoil » Tue 07 Apr 2009, 13:45:11
This is what the MSM would declare to be an example of our ongoing economic crisis. Unfortunately, that is a little disingenuous! This is a monetary/economic crisis, and that is not quite the same kind of animal that we ordinarily associate with times like 1929.
It is more like what we saw in Argentine in 1993, but in reserve. It is not a hyper inflationary collapse of the monetary system, but a hyper deflationary shutdown. The intrinsic flaw that is built into our monetary system is coming back to haunt us after almost a hundred years. Unlike Argentine, an isolated country surrounded by big neighbors and the IMF to bale them out, this time the dam fools globalized the problem!
We are witnessing one of the most epic events in history - the collapse of the world’s monetary systems. Asset values will continue to fall and banks will continue to fail. The store shelves will go bare and the gas pumps will run dry. In the case of the US, which has disenfranchised 35% of its population to keep the other 65% in Wally Mart goodies, a lot of cities will burn.
It is not like this is really news, scholars have been discussing the inevitability of this event for the last three centuries. But - when the color of paint for the new addition has not yet be decided upon, or the right flamingo for the lawn has not yet been found - who could have time for the pursuit of such knowledge?
"Paper money eventually returns to its intrinsic value: zero." --Voltaire 1761
Available Energy
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shortonoil - False ETP Prophet
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Re: Shipping rates hit zero as trade sinks
by yesplease » Tue 07 Apr 2009, 18:54:54
$this->bbcode_second_pass_quote('lawnchair', 'T')h technological bounty that meant we were able to have more hairdressers than farmers is beautiful. Declining extracted energy might eventually undermine the tech, but we're nowhere near that point. Nor, logically, should it just fall over.
Extracted energy shouldn't be our conern, since we only get about 20% of that or less. What we need to look at should be useful energy delivered given some application. Course, if we do that, then how can we post those awesome graphs about impending d00m? 
$this->bbcode_second_pass_quote('Professor Membrane', ' ')Not now son, I'm making ... TOAST!
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yesplease - Intermediate Crude
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Re: Shipping rates hit zero as trade sinks
by ReverseEngineer » Tue 07 Apr 2009, 19:29:38
$this->bbcode_second_pass_quote('shortonoil', '
')We are witnessing one of the most epic events in history - the collapse of the world’s monetary systems. Asset values will continue to fall and banks will continue to fail. The store shelves will go bare and the gas pumps will run dry. In the case of the US, which has disenfranchised 35% of its population to keep the other 65% in Wally Mart goodies, a lot of cities will burn.
It is not like this is really news, scholars have been discussing the inevitability of this event for the last three centuries. But - when the color of paint for the new addition has not yet be decided upon, or the right flamingo for the lawn has not yet been found - who could have time for the pursuit of such knowledge?
"Paper money eventually returns to its intrinsic value: zero." --Voltaire 1761
')We are witnessing one of the most epic events in history - the collapse of the world’s monetary systems. Asset values will continue to fall and banks will continue to fail. The store shelves will go bare and the gas pumps will run dry. In the case of the US, which has disenfranchised 35% of its population to keep the other 65% in Wally Mart goodies, a lot of cities will burn.
It is not like this is really news, scholars have been discussing the inevitability of this event for the last three centuries. But - when the color of paint for the new addition has not yet be decided upon, or the right flamingo for the lawn has not yet been found - who could have time for the pursuit of such knowledge?
"Paper money eventually returns to its intrinsic value: zero." --Voltaire 1761
Spot on analysis as usual Short. We agree in entirety.
Reverse Engineer
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ReverseEngineer - Intermediate Crude
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