Monday, September 14, 2009

This Is Haunting In Every Respect...

I wanted to link this post from Barry Ritholtz's Big Picture. The photo in the post should shock everyone into reality about the condition of the U.S. economy.  Next time you hear the idiots running our system, like Banana Ben Bernanke or Tiny Brain Tim Geithner, remark about how they saved our system and that we're on the road to recovery, think about the picture in this post, which says more than 1000 words about how ugly the economy is globally:

The biggest and most secretive gathering of ships in maritime history lies at anchor east of Singapore. Never before photographed, it is bigger than the U.S. and British navies combined but has no crew, no cargo and no destination – and is why your Christmas stocking may be on the light side this year (here's the link):

A Picture Says 1000 Words

Everyone got gold?


  1. I caught that picture of the ships on anchor. Very surreal, though many sources are trying to say that is usual to have that many ships not in use. Who are you going to believe?

  2. LOL. Hmmmmmm, let's see...ya I guess it's typical to leave mega-million dollar assets unuitilized and floating around doing nothing except burning capital....

    The Baltric Dry index is all you need to watch. When that index goes up, there's not any ships waiting outside of port.

  3. What does that have to do with the US? Seems to me that picture says more about China than it does the US.

  4. It's a picture to emphasize my rhetorical question about whether or not everyone reading the post has taken measures to protect themselves by accumulating physical gold.

    It's an editorial statement about what real money looks like...

  5. "protect themselves by accumulating physical gold"

    Why would they want to do that? Buying gold is little more than buying a room at the roach motel. You obviously have little understanding of the gold market and what animates it up or down. Keep your idiotic "investment advice" to yourself.