Users Online Now:
GLP Poker Rooms
Donate To GLP
Back to Forum
Back to Thread
REPLY TO THREAD
"NO BID" threat looming. When the computers stop trading...any tradable funds may drop to zero!
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 19514200:MV8yMDQ4NTczXzM0NDIzNDUxX0EwQTU2RDdF] Warning, she tends to get worked up a bit and scary at times, but her financial data is sound. [/quote]
The Greece emergency domino effect could be just around the corner...
According to rumors from the "pit", computer analogs are now trading the vast majority of the action we see. In the event of a "meltdown", the computer action would get shut off and you may very well have a case of "no bid" on any tradeable entity including most "funds" of folks savings entities.
What this means is that since banks are SO LEVERAGED RIGHT NOW (they are way past bankrupt), the value you see on your account is actually FICTITIOUS and could be wiped to "0" in an instant. This can happen when there is "no live body" in the trading pit to give a bid to buy your funds and this means "no bid" which drops that stock to "0" value, which is much closer to the true value anyway.
This kind of thing happending en masse is a very real possibility and would give financial institutions a "way out" of and "unsecured" funds, in other words they would love to NOT HAVE TO PAY on these funds and do it legally. This is how you can be legally dropped to zero overnight.
You thought getting whacked HALF in 2008/2009 was bad?... The only modest protection you have is "cash in hand" and anything you could guarantee as a "secure entity" (not many of these exist now). The buying power of cash would also be greatly diminished in such an emergency, but something is better than nothing.
Pictures (click to insert)
Big Round Smilies
Aliens and Space
Friendship & Love
Misc Small Smilies
View All Categories
Next Page >>
The Fascist Monopoly on Electricity
The Chinese government is building affordable housing in Brooklyn
New Study: Hepatitis B Vaccination in France Sparked a Wave of New Cases of Multiple Sclerosis
Rouble collapse prompts Moscow shopping spree
Hedge Fund Manager Who Remembers 1998 Rout Says Prepare for Pain
Police union boss flips out over cartoon showing kids telling Santa, "Keep us safe from the police"
13,500,000 Millennials Live in Poverty.
46,000,000 Americans on Food Stamps.
65 Percent of Children Live in Households on Federal Aid Programs
Sony Hackers Threaten 9/11 Attack on Movie Theaters That Screen ‘The Interview’
Why Are Atheists Investing So Much Money on Billboards Fighting a God They Don’t Think Exists?
These American Generals Are Taking a Public Stand Against Barack H. Obama
Is Your Church Secretly Indoctrinating You To Accept Chrislam?
‘Lucius II The Prophecy’ Video Game Lets You Be The Antichrist
State Orders All-Natural Creamery To Inject This In Its Milk
Video: Border Patrol Agent Claims FEMA Expects ‘200 Million Deaths’
ALERT: Secret Service experts worry about Obama’s safety; now fearing a repeat of JFK
How long can Ebola live?
Research finds copyright confusion has 'chilling effects' in online creative publishing
Attitudes to climate change depend on people's sense of belonging to the planet
Climate change could leave cities more in the dark
Crashing crude may blow a $1.6 trillion hole in the global oil sector, annually
Some experts Warn of bonds funds Crashing in 2015
Five reasons why you’re totally crazy if you aren’t growing your own food
Deadly Fukushima radiation up 50,000% as elevated radiation levels seen across North America
Disclaimer / Copyright Info
with questions or comments about this site.
"Godlike Productions" & "GLP" are registered trademarks of Zero Point Ltd.
Website Design Copyright © 1999 - 2014 Godlikeproductions.com
Page generated in 0.005s (5 queries)