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June 2009 
Palm Beach Ponzi exposed; Baltic Dry Index falls 93%
Posted on Dec 14th, 2008
by 
Tigana
Tigana
Image: Milton Frieldman, Red Star, by Tigana
"Creatures of night, brought to light..."
The Last Unicorn
First, the bad news from the USA:
http://news.yahoo.com/s/nm/20081212/bs_nm/us_madoff_arrest
"On Thursday, two agents for the U.S. Federal Bureau of Investigation entered Madoff's New York apartment.
"There is no innocent explanation," Madoff said, according to the criminal complaint. He told the agents that it was all his fault, and that he "paid investors with money that wasn't there," according to the complaint.
The $50 billion allegedly lost would make the hedge fund one of the biggest frauds in history. When former energy trading giant Enron filed for bankruptcy in 2001, one of the largest at the time, it had $63.4 billion in assets.
U.S. prosecutors charged Madoff, 70, with a single count of securities fraud. They said he faces up to 20 years in prison and a fine of up to $5 million."
Are We Heading into a Global Recession or Possibly a Worldwide Depression?
http://survivalacres.com/wordpress/?p=1595
“The Baltic Dry Index which is a direct indicator of the health of vital worldwide shipping and supply activity as well as the potential health of the global economy has recently slipped more than 93%. Its value has gone from over 11,000 to less than 800 with little except for a floor of zero to suggest the slide will stop in the near future. This means that worldwide, the demand for cargo ships and more importantly raw materials that go into producing the everyday items that consumers buy has come to a near standstill. This is an indicator of a massive worldwide slump and likely foreshadows more economic woes for not only the US, but also the entire globe.”
http://www.associatedcontent.com/article/1258270/baltic_dry_index_falls_93.html?cat=3
Shipping crisis as global economy slows down
“As a result there has been a collapse in the Baltic Dry Index, which tracks the cost of chartering ships to shift raw materials such as iron ore, coal and grains. Since June the index has fallen by more than 90 per cent.”
http://www.telegraph.co.uk/news/uknews/3550715/Shipping-crisis-as-global-economy-slows-down.html
The whole world may soon look like New Orleans.
http://en.wikipedia.org/wiki/The_Shock_Doctrine
72-hour preparedness kit
http://lds.about.com/library/bl/preparation/72_hour_kit.pdf
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