BNSF spokesman Matt Jones says the rail engines and two sets of box cars remain at the railroad’s yard in the Donkey Creek area because of a downturn in rail shipping.
The problems can be attributed to the decline in the coal sector. The passage of the federal Clean Power Plan has pushed power plants away from coal and toward natural gas.
The impact can be seen in the Powder River Basin, as nearby coal companies Alpha Natural Resources and Arch Coal have filed for bankruptcy.
Jones says the declining demand for transportation has hit several sectors, not just coal.
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Baltic Dry Index
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Global Stocks Enter Bear Market: One-Fifth Of All Worldwide Stock Market Wealth Is Already Gone
It’s official – global stocks have entered a bear market. On Wednesday, we learned that the MSCI All-Country World Index has fallen a total of more than 20 percent from the peak of the market. So that means that roughly one-fifth of all the stock market wealth in the entire world has already been wiped out. How much more is it going to take before everyone will finally admit that we have a major financial crisis on our hands? 30 percent? 40 percent? This new round of chaos began last night in Asia. Japanese stocks were down more than 600 points and Hong Kong was down more than 700 points. The nightmare continued to roll on when Europe opened, and European stocks ended up down about 3.2 percent when the markets over there finally closed. In the U.S., it looked like it was going to be a truly historic day for a while there. At one point the Dow had fallen 566 points, but a curious rebound resulted in a loss of only 249 points for the day. (Read More....)
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Alert: LA gas well has ‘destabilized’, large crater develops in area ,Officials: 'Could be catastrophic' , TV: Risk of massive fire, possible explosion — Expert: 'If wellhead fails, the thing is just going to be full blast… a horrible, horrible problem'
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ALERT: Gerald Celente Warns $6 Trillion Global Stock Market Carnage Just A Prelude To The Disaster That Lies Ahead
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Like sheep to slaughter: You still aren't grasping the systemic risk in the stock market (or else you would have sold everything already)
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It Has Begun - Food Shortages Already In America And What Is Coming Next Is Going To Be Ugly - The Crash Felt Round The World
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Markets Reflect Government, Not Economics
It seems fitting that on the day a black man who's dream was absolute freedom from all tyranny is remembered, the U.S. stock market and the government are closed.
Those two institutes work hand-in-glove. Instead of measuring economic progress the market really only reflects the state of government. There is a hint of promise in the air--the promise that the government we all grew up with is about to implode.
This happenstance occurred to me as I watched a very early-morning financial show that replaced the usual blather about what stocks to buy. Since the market is closed today, the banter was centered on what is happening around the globe, economic-wise. One of the numerous interjectors made the following remark, "The stock market has nothing to do with the economy."
He's right. The market has nothing to do with the economy but has everything to do with government. This is why the government worked so hard to prop up the market on a sea of non-valued, red-ink fiat and proclaimed the "recession" was over in June of 2009 when it rose back to within 20% of the all-time highs.
If the economy were still 11% better than it was when the housing market burst in 2007 no average American can tell it. Yet that is what the current level of the markets would suggest.
The niggling thought is because the market is struggling--it, as a mirror-image of the government--means our government is extremely vulnerable right now.
Here's the way the market disconnected from the economic realm and became a measurement of government health. It is called government over-reach. It all stems from the policies enacted in the foundations of "The Great Society."
The first thing that really came from "The Great Society" was political correctness. This was taught in our schools. As soon as enough of a generation was steeped in this concept, then the government had gained a power never dreamed of by the Founding Fathers--even when they opposed King George violently.
Out of political correctness we got the greatest evil--people who thought because they could control the population by threatening to withhold "entitlements", they could control the environment of nature as well. The human masses, as has been shown by history, have always been relatively easy to control. First you enslave them, then exterminate the few who are foolishly brave enough to fight for their "unalienable rights." Every time but once when the rabble won out over the Establishment, the rabble merely became the tyrants they were against. Only in America was this trend broken.
For a long time our stock market reflected the state of the citizen. But then came the Great Depression. In their travail the citizens listened to a false message of hope, a message rooted in the fact the government could provide for their needs. The fact this was done by stealing wealth from the few who had managed to remain afloat was carefully concealed.
As the years went by, government faced more and more problems of its own making. Each one resulted in a bigger power grab carefully concealed behind political doubletalk. "We'll give you this" or "We'll provide that," or "The American worker deserves better" were all crafted in a way which appealed to man's baser instinct of letting Mommy care for him or her. After all, they were only taking it from those who could afford.
The market went along with the nonsense, even when the government began eliminating Gross Domestic Product with 'service sector' economics as a linchpin.
Then we elected a man who didn't believe in America's difference, American greatness. He split us more deeply than we've been split in 150 years.
But he appealed to those who attended schools where grades were allocated on a curve and everyone passed--whether they did any work or not. Where every student got the same grade because to do otherwise would 'stigmatize' those who received lower scores.
Now the 99% are opposed to the 1% who pay for everything. Without the 1%, the 99% would, surprise, be slaves again. But the buffer now is government who redistributes the wealth. That wealth is coming from a mostly improved service sector, not tangible GDP.
GDP values disappeared in the housing bubble of 2007. More people are afraid of a peak environmental change because there's money and jobs in that false idol promoted by the political class. More money disappears into the rat holes of "tax-exempt, government-approved activities" than into real economic development.
In the '60s Martin Luther King supported the goals of "The Great Society" not knowing the horrors hidden in the details were worse than the segregation policies he knew.
Today the U.S. markets are in decline--appropriate since it also reflects our government's dismantling of our industrial base and self-reliance. America was not established to be part of a global economy. That's what our government wants to be part of, not its citizens.
America became a leader through its essential differences of "unalienable rights." Each citizen's exercise of those unalienable rights put us ahead of the rest. That's why people wanted to come here--there was a distinct difference.
Our government's erosion of those rights is reflected in the market's value since the two have been wedded instead of dating for the past eight-plus years. They are a nice couple, and they deserve each other.
"I have sworn on the altar of God eternal hostility to every form of tyranny over the mind of man."--Thomas Jefferson
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Senator Says She Wants To Avoid ‘Constitutional Arguments’ on Gun Control Maryland Sen. Barbara Mikulski said at a Senate hearing Wednesday that she wanted to avoid getting “involved in constitutional arguments.” The only problem is that the hearing in question dealt with President Obama’s recent executive actions on guns, which many believe infringes on Americans’ Second Amendment rights. “I look forward to…listening to the attorney general
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Waves of Judgement: Julie Higgins’ dream of America in flames Julie Higgins says God showed her a vision of America being nuked, Obama laughing at the chaos, and waves of destruction & foreign soldiers invading the US.
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A Run On The Banks Begins In Italy As Italian Banking Stocks Collapse
The Italian financial meltdown that we have been waiting for has finally arrived. For quite a long time I have been warning my readers to watch Italy, and now people are starting to understand why. Italian banking stocks continued their collapse for a fifth consecutive day on Wednesday, and nervous Italians are beginning to quietly pull large amounts of money out of the banks. In particular, Monte dei Paschi is a complete and utter basket case at this point. A staggering one-third of their loans are “non-performing”, and the stock price has fallen a staggering 57 percent since 2016 began. Monte dei Paschi is going to need a major bailout, and the same thing could be said about almost all of the largest Italian banks. But where is the money going to come from? (Read More...)
The Italian financial meltdown that we have been waiting for has finally arrived. For quite a long time I have been warning my readers to watch Italy, and now people are starting to understand why. Italian banking stocks continued their collapse for a fifth consecutive day on Wednesday, and nervous Italians are beginning to quietly pull large amounts of money out of the banks. In particular, Monte dei Paschi is a complete and utter basket case at this point. A staggering one-third of their loans are “non-performing”, and the stock price has fallen a staggering 57 percent since 2016 began. Monte dei Paschi is going to need a major bailout, and the same thing could be said about almost all of the largest Italian banks. But where is the money going to come from? (Read More...)
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New York: Multiple Agencies to Hold 'Active Shooter' Drill at NY High School
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Don't Delay It's Time To Accelerate Your Preps For The Economic Collapse
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FBI postures to aggressively raid Wildlife Refuge occupiers
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NORTHEAST BRACES FOR SNOWMAGEDDON
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Davos head predicts influx of 1 billion refugees to Europe
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Outlaws Chapel Cause - American laws are becoming so blasphemous that Christians can no longer obey them....time to go outlaw!
The Outlaws Chapel is a place for Christians who are determined to stand loyal to God even if it means disobeying the civil authorities.
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SITUATION CRITICAL. Stock Market Meltdown: The Worst Is Yet To Come. By Gregory Mannarino
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