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:MV8yMDQ4NTczXzM0NDI0MDIyX0VDMzMzQTY2] With the leveraging right now THERE IS NOT ENOUGH LABOR IN THE ENTIRE WORLD to account for even a fraction of the USD in circulation as electrons....this is DANGEROUS! [/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 >>
CFR Member Calls on Elites to “Rise Up Against Ignorant Masses”
US Marines denounce ‘crazy political correctness’ after order to remove the word ‘man’ from job titles
“The Black Budget.” This Is What The ‘Secret Government’ Doesn’t Want You To Know
Police are giving people and homes 'Social Disorder' ratings
Over 5,300 U.S. Water Systems are in Violation of the Law — Poisoning Millions
New Resort Built For Filthy Rich To Survive The “Apocalypse”
U.N. Trucks Mystery Deepens: ‘They’re not ours!’
Presbyterian Church, U.S.A. Prays to Allah at General Assembly
Taking Kids to Church Violates Their Human Rights, Says UN
This False Theology Feeds Into the Antichrist’s Schemes for a One World Religion
Kentucky congressman wants to 'Amexit' from U.N.
People are calling the Orlando Pulse nightclub shooting event the sloppiest false flag hoax ever
Russian Troops Protect Secret Biblical Dig In Syria
NASA Finally Find Evidence Of Life On Mars
BERMUDA TRIANGLE: Ship Reappears 90 Years After Going Missing
Researchers Just Found A Huge Underground Helium Pool In Africa
Strike On Power Grid Could Cripple America For A Decade
Pot Smoking Church Makes Debut In Michigan
Google Plans to Control Public Transit…
Secret Govt Warehouses Set For Health Catastrophes…
EU Wants to Redefine Robots as “Electronic Persons”
Senate Agrees on “DARK Act” GMO Labeling Bill
NY Couple Loses $25k Because Their Bank Doesn’t Keep Records
U.N. Vehicles, Mysterious Troop Movement Spotted In VA, NC, W.VA, Ohio
Texit: Texas Inspired by Brexit, Aims to Break Away from the United States by 2018
Disclaimer / Copyright Info
with questions or comments about this site.
"Godlike Productions" & "GLP" are registered trademarks of Zero Point Ltd. Godlike™
Website Design Copyright © 1999 - 2015 Godlikeproductions.com
Page generated in 0.007s (5 queries)