This is shocking but BDI (Baltic Dry Index) is down 76% in a month; its high was 4949 and it has come down to 1149 in a month; it is down 90% since May.    What does this mean?  BDI tracks the cost of global shipping and a decline of this magnitude indicates that global trade has not just declined it has evaporated — in a month.

Let’s just call it a GLOBAL DEPRESSION right now.

America is doomed.