Common Sense Commentary: Someone asked me, concerning my last blog, if my assessment of the U.S. economy and debt weren't an exaggeration like my statement about a container ship carrying 10,000 shipping containers. In case you are interested, France has now built a ship which can carry nearly 18,000 of them. Though these particular shipping containers are 20X8X8 feet, they also come in 40X8X8. You see these shipping containers on flat-bed train cars and being pulled down our highways on trucks. The 40 foot ones are about the size of a 16 wheeler trailer. A revealing fact is why these shipping companies would start building these huge ships when world imports and exports are falling rapidly. The one described above only made two trips across the Pacific to California before the company ceased to make that trip for lack of demand. You would think the shipping executives would have seen this coming ... Even I did. These same types of visionless, thoughtless elitists are running the world.... into the ground.
This from the Wall Street Journal
May 9, 2016 by Erika Phillips