Thread-thoughts dangling their wares stimulating new thoughts
- Investors shun Greek debt as shipping crisis deepens
- Credit crunch 'may hit UK growth'. What kind of growth are they talking about?
- The human mind is an invaluable asset to be wasted by the monetising societies.
- Throwing overboard relentlessly whatever is remotely connected with what is not agreed now.
- The paradigm shifts in our minds.
This article 'Investors shun Greek debt as shipping crisis deepens' in Telegraph.co.uk announces the spread of the credit crisis in the shipping industry stating that
"The daily rental rates for Capesize big ships have dropped $234,000 to $7,340 in weeks, leaving operators stuck with heavy losses on long leases. Empty ships are now crowding Singapore and other global ports."
why would they be empty ships crowding Singapore and other ports? Are there no goods to be transported, has the world stopped producing
"... coal, iron ore, and grains, and other dry goods."
why in the same article states that
"... It is telling us that world trade in raw materials has slowed dramatically."
is it not the case that
" .... banks shut off credit lines to the industry .."
that created the woes in the shipping industry. Certainly, you would expect a reduction in the amount of raw materials produced worldwide, but not to the extent that they would entirely account in the announced downturn in the shipping industry.
And besides that, raw materials will get cheaper as they would cost less for the individuals the world over. What is the primary and foremost concern of the article's author, for such an unsolicited act? Interested only to safeguard the unscrupulous demands of shipowners, speculators, or any other parasites that suck up unreasonable profits, just because they happen to have the control of the means for rendering the services the world expects from them.
The comment by the article's reader John Wood,on October 29, 2008, at 05:04 PM, readers comments that have a lot more juice than the article has, gives a proper account of the reasons for the credit crunch
"All that this 'credit crunch' is doing is proving that you cannot borrow for growth indefinitely. It is like the cartoons when a character is carrying a leaking barrel of gunpowder and a fuse is lit behind. Eventually he stops, the lit fuse catches up and Kaboom."
incessant purposeless growth, growth for the sake of growth, that do not add any value in the lives of individuals, as the reader, O G Osborne, on October 29, 2008, at 07:43 AM, states
"Perhaps, as it's no longer easy to transport goods, de-industrialised nations that no longer produce anything but forms and pop music can start producing a real form of wealth again. Wait till fuel gets so expensive that we have to make stuff right where it's sold!"
De-industrialised that produce thin air, services that offer so little, materializing just for the sake of keeping societies in motion, creating jobs that are worthless and which are wasting individuals lives.
And on whose shoulders the burden will fall? The reader, A German in Spain, on October 29, 2008, at 11:49 AM, spells it out
"Both countries will have to suffer a lot. Spain because of the housing crisis and low productivity and therefore unemployment and Germany because a big part of the industrial sector will be send on forced holidays for some time. Mercedes will close all factories for 5 weeks in December. In the end unemployment should soar there too."
Unemployment which is expected to rise, forced holidays and/or what has already been decided for Iceland
"... Iceland was forced to raise interest rates 6 percentage points to 18pc by the IMF as a condition for its $2bn (£1.3bn) rescue package."
straightaway, the burden is passed on to the people in Iceland to bear it, to bail out the handful of individuals that caused it, in the first place. A fate that is in store for other countries to come.
Whereas individuals who have exploited to the hilt their privileged positions, as the reader named Greek, on October 29, 2008,at 04:02 PM, stated in his comment
"Most of the traditional Greek Shipping companies, are very cash rich and have mortgage free ships. This drop in the market has been anticipated and is an opportunity to purchase more ships at reduced prices, only to have more mortgage free ships, when the market picks up again, as it will."
will remain unscathed and not only but, as the reader Aloicius, on October 29, 2008, at 11:49 AM so emphatically declares
"Today's piece is more of the same. The situation is shipping, banking and elsewhere is extremely serious but it is no more then par for the course as evidenced by the past couple of centuries of cycles and excesses. To the astute it spells opportunity while all the others whine and regret."
This callous remark, indicative of an individual so detached from his surroundings, so cocooned within his bubble, his little world, ignorant of others, sees the whole affair as just another opportunity for making more money. So much gives the essence in the whole shambles. For the astute, he says, it spells opportunity, while the others whine and regret. The astute, the wise guys, who would not be affected at all. And who are the ones that, not so much about whine, but certainly will regret it, all the other individuals, that through no fault of their own, they would allow these smart-alec individuals to make a kill and make more bucks.
They will continue their past practices, as the reader Peter Charter, on October 29, 2008, at 08:48 AM, states
"Having spent 10 years as a client of these shipping companies I am overjoyed at their demise. A more greedy, unreasonable, lazy bunch of proverbials you will never find. When the goods times roll they double their rates overnight, now listen to them bleat. Their mates the ship brokers are no better always using bunker prices as an excuse to add 50,000 to the charter rate. I will not be alone in rejoicing."
And certainly is not. Voices of this sort, as the reader's Chris, on October 29, 2008, at 11:49 AM, are no longer shouted out in the desert
"Steve at 9:35 is right. It's absolutely wonderful that a destructive world economy system based on raping the planet to produce rubbishy goods most can do without is winding down. A system which requires year on year increase in rubbishy consumption and destroys families because it's all based on fractional reserve banking is breaking down. We should throw a party."
They no longer fall onto deaf ears, they are heard and get responded.
