While reading this thread, 'Suez Root Canal' popped into my head.
"The canal has been the site of occasional groundings that have halted shipping. Tugboats managed to get the OOCL Japan unstuck after a few hours in October 2017. In one of the most serious delays, the canal was closed for three days in 2004 after an oil tanker, Tropic Brilliance, got lodged."
I'm still suspicious.
How do you mean? Are you thinking something amorphously 'threatening' like China sending out a message with a warning like 'we can impose 'sanctions' too'? Or something to do with Meng Wanzhou? The video you posted seems pretty legit, though, and these tankers are getting quite unwieldy within a narrow strip of water.
I was thinking more along the lines of putting pressure on humanity during a time of already great stress. Trying to squeeze the life out of everyone. Although it does seem likely to be an accident and a symbolic message from the Universe.
A good article from the Guardian, (imagine that these days).
Stranding of Ever Given in Suez canal was foreseen by many
"Maximize economies of scale". There it is... also "megaships have been described as a 'bet on globalization'. Bottom dollar, bottom (fill in currency of almost every autocratic country in control of millions or billions of lives here).
I can't remember quite when the 'globalization is inevitable' mantra started, but I have heard it for decades - from all the 'official sources'.
When you have a complex, all encompassing economic, trade, (or other) system that roots out all alternatives, and doesn't bother with fail safes because nothing will go wrong, (wishful thinking), you are asking for trouble.
Murphy's Law states that "anything that can go wrong will go wrong". That has been true in my personal life it seems. AKA - do not tempt the lord thy god.
Another mantra that has been spread practically forever by those same official sources is: 'America should not be an isolationist country'. We don't hear that much anymore because she is now sticking her nanotech prosthetic Pinocchio nose into everybody's business these days. But I don't blame her for everything. India has a saying: "don't be shy and get pregnant". America is at least partially a victim of her own success I guess.
She's been infected with something equivalent to Toxoplasmosis gondii - the microbial parasite that is spread by cats to mice and causes mice to be less cautious around cats. Is Joe Biden's brain infected with something? Anyway, I digress.
We know that much of the evil and skullduggery on this planet comes via 4th density STS. Besides Covid-19, we have another, more esoteric pandemic going on.
Our fearless globalist leaders will manipulate any event that happens to benefit them - planned or just Murphy's Law. It's only natural right? Survival of the fittest right? The wind is at their back and their god/(their alter ego) is always on their side... right?
Steer through the Suez Canal
Navigating the Suez Canal is a high-stress, complicated feat that requires master piloting skills. To demonstrate, we worked with Master Mariner Andy Winbow and Captain Yash Gupta to produce this simulated passage.
Try your hand at traversing one of the most highly trafficked nautical thoroughfares in the world.
Note: This is a non-scientific simplified interactive experience intended for illustrative purposes only. There are many factors that have not been accounted for, including (but not restricted to): the depth of water; proximity to the banks; interaction with passing ships; the turning circle; availability of tug boats and other weather conditions like visibility. We have also sped up the time it takes to maneuver a ship of this size. Master Mariner Andy Winbow and Captain Yash Gupta have been advisers.
The Psaki firm and Dexter connections seem like pattern recognition running amok to me.
I think we should stay focused on the three Evergreen incidents and try to work out the symbolism of these incidents.
Looking up the definition of the term evergreen, there is this interesting definition from Merriam-Webster:
So it could be that these events are physical manifestations of what is going on metaphorically around the world where the elites are burning down their own economies and blocking the flow of creative energies and causing a backup which has serious negative consequences.
Here goes the 'it was bound to happen' narrative. May be true to some extent, however giving what info have been brought up in this thread I'm a bit skeptical about it being the "whole story".
As researchers of maritime security, we often simulate incidents like the Ever Given grounding to understand the probable long and short-term consequences. In fact, the recent event is near identical to something we have been discussing for the last month, as it represents an almost worst-case scenario for the Suez Canal and for knock-on effects on global trade.
Around 13% of world trade passes through the Suez Canal, meaning disruptions can have significant knock-on effects.www.weforum.org
The first ships have passed through Egypt’s Suez Canal expansion in a trial run ahead of next month’s official opening. If completed on time, the $8.5 billion project will have been finished in only 12 months.
Egypt ranked 119th out of 144 economies in last year’s Global Competitiveness Report, and 97th out of 138 in its Global Enabling Trade Report. The canal expansion is intended to improve these performances. It’s also intended to address youth unemployment, a particular concern in a country where 60% of the population is under 40 years old. Egypt’s President Abdelfattah Said Hussein Alsisi told delegates at the World Economic Forum’s Annual Meeting that once the expansion is open, “the second phase will entail developing the canal zone and opening the door for investment”.
Marx works through three different detailed examples in which the circulation time is shorter, equal to, and longer than the working period. He does so in excruciating detail and, of course, discovers some oddities (provided the credit system does not intervene). In particular, he shows that there are instances – as when the circulation time and working period are equal or when one is a simple multiple of the other – when no capital is freed up at all. But these are clearly special cases. In all other instances, the amount of capital freed up varies according to the turnover time and the ratio between working period and circulation time. The amount of free money capital created will also fluctuate according to the overlapping turnover processes that ensure the continuity of production.
But the main point is prefigured and somewhat obvious already (even though conventional economists had failed to spot it): “If we consider the total social capital, then a more or less significant part of this additional capital exists for a prolonged time in the state of money capital.” For the individual capital, the
intervention of the additional capital required for the conversion of….circulation time into production time thus not only increases the size of the capital advanced and the length of time for which the total capital has to be advanced, but it also specifically increases that part of the capital advanced that exists as a money reserve, i.e. exists in the state of money capital and possesses the form of potential money capital. (341)
As usual, Marx uses this insight to go after the economists
who have never produced a clear account of the turnover mechanism, [and who] constantly overlook this basic aspect, i.e. the fact that only a part of the industrial capital can be actually engaged in the production process, if production is to proceed without interruption. In other words, one part can function as productive capital only on condition that another part is withdrawn from production proper in the form of commodity or money capital. Since this is overlooked, so also is the importance and role of money capital in general (342)
By extension, this must surely apply also to money markets and credit although this is an issue that is not directly taken up here.
Plainly, if there is some reduction in circulation time (due, for example, to improvements in transportation and marketing) in relation to production time, then this too will release excess money capital for use elsewhere. Under such conditions, some of the
value originally advanced is precipitated out in the form of money capital. As such it enters the money market and forms and additional part of the capital functioning there. We can see from this how a surfeit of money capital can arise – and not only in the sense that the supply of money capital is greater than the demand for it; the latter is never more than a relative surplus, which is found for instance in the depressed period that opens the new business cycle after the crisis is over. It is rather in the sense that a definite part of the capital advanced is superfluous for the overall process of a social reproduction (which includes the circulation process) and is therefore precipitated out in the form of money capital; it is thus a surplus which has arisen…..simply by a contraction in the turnover period. (358)
We can thus imagine a scenario in which the reductions in the time of transport outlined in the previous chapter may dramatically reduce circulation times, and so release a flood of surplus money capital onto the money markets, which will bring interest rates down. Conversely, if the circulation time is for some reason extended (for example, the Suez Canal gets blocked), then “additional capital will have to be obtained… from the money market”; by which Marx presumably means that the extra demand for money capital will, other things being equal, drive up interest rates (358-9).
While not identical to our team’s table-top scenario, the latest incident does highlight that as ships get larger and more complicated, their reliance on narrow shipping routes constructed in an earlier age looks increasingly risky. Today’s blockage will have limited long-term implications, but incidents like it could be triggered maliciously, causing targeted or widespread impacts on global and local trade. We need to be more aware of these weaknesses as our world becomes more connected.
If the Suez Canal blockage has been planned it could just be to put more pressure on middle class businesses. Here's an excerpt from Companion to Marx's Capital Volume 2 by David Harvey. Curiously enough, it actually mentions a blockage in the Suez Canal!
So basically, extended delivery times slow down cash circulation for producers, wholesalers and retailers. If they've got cash reserves, they can dip into that to keep themselves afloat. If they haven't, which is likely given the impact on businesses of the response to coronavirus, then they have to apply for credit in an environment where interest rates are likely to rise because of vulture capitalism. Basically another transfer of wealth.
Well that's from mid last year when the market was still being some what propped up by stimulus packages.
Also interest rates have been abnormally low since the 2008 GFC - that was also a move to prop the market up that will come to an end sooner or later.
Also where there is a trade contract and the supplier gives 30, 60 or 90 day payment terms for example, extended delivery times can push payments out and if those payments are later than the agreed payment terms, the contract often includes the addition of interest or additional fees on late payments. So credit isn't necessarily just extended by banks, but it can still push up operational costs and increase the squeeze on businesses.
So if the Suez blockage was planned, debt entrapment is one of the oldest plays in the book for the transfer of property and wealth, so there's the financial motivation for it.
You ask some good questions though and I don't have the answers for them yet.