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 23992770:MV8yMDQ4NTczXzM0NDI1MDc0X0MwOUIwQzcz] [quote:Anonymous Coward 957572:MV8yMDQ4NTczXzM0NDI1MDA0XzhGREE5QUI0] On a practical note , I wonder how people barely getting by living with mom and dad. Are going service college debt , obamacare fees and transportation costs , if they are even lucky enough to have a job. The train has bout run out of track lol. [/quote] One of those people is right here. I just sold my car because I worked out the maths and realised I was working part-time (can't get full-time hours) at a crappy job and was just making enough to run the car, and I was only using the car to go to work. Hilarious if it wasn't so desperately sad. I want to work but can't get anything. And before any smart ass starts up about there 'being work if you are willing to do crap jobs' - the job I do is cleaning offices at night - despite a university education and lots of experience in much better jobs. What's the point? [/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 >>
Boehner rips Cruz: 'Lucifer in the flesh,' 'miserable son of a bitch'
Check Out Models Of The Cosmic Web That Connects Galaxies
The end of humans working in service industry?
Alabama House Committee Approves Bill to Abolish Marriage Licenses in State
Hubble Telescope Captures Sharpest Image Yet of Mysterious Red Rectangle
Scientists claim first successful gene therapy against human ageing.
It's Now Almost Impossible To Save For Retirement
New Report Shows Police Preparing For Rioting On A National Scale
Judges Call For Law Banning ‘Fattism’
The driverless truck is coming, and it’s going to automate millions of jobs
Here’s what might start WW3
How To Detect A 2 Way Mirror
Mind-reading computer deciphers words from brainwaves BEFORE they are spoken
Secret Project Created Weaponized Ebola in South Africa in the 1980s
194 Countries Agree to Regulate Synthetic Biology
NSA Cyber War Will Use Internet of Things as Weapons Platform; Your Home is the Battlefield
Vatican Climate Change Speaker Wants Earth Constitution
‘Scientists Can Now Make Lithium-Ion Batteries Last a Lifetime’ *
Missing Y Chromosomes Found to Be the Missing Link Between Neanderthals and Modern Humans
Traffic lights in sidewalks so smartphone users don't have to look up
Sharks Glow, But Only For Each Other
Massive food deception: Genetically engineered crops soon to be marketed as 'Non-GMO'
Smart Meters causing tidal wave of mysterious illnesses that strike people in their own homes
Trump warns he'll disappear from public life if he loses
Proposed law would make it illegal to protect your body from being shot by police
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 0.006s (5 queries)