Users Online Now:
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 6493463:MV8yMDQ4NTczXzM0NDI1MjA5X0YyRUYzMjY3] [quote:Anonymous Coward 23992770:MV8yMDQ4NTczXzM0NDIzODkwXzcyMERFQjgw] [quote:Anonymous Coward 26120291:MV8yMDQ4NTczXzM0NDIzNzAxX0RGOTQyNzYy] One solution, well two actually. Gold/silver [/quote] Don't put too much faith in this. Whilst gold and silver have had a certain stability to them in the past because they are a physical and scarce 'real thing', they won't save any of us from the future. The system is so out of whack, and the issues driving it all are so vast and detached from any conceivably sustainable system that it will still fall apart. You see what most people are not factoring in is that there are hundreds of millions of disenfranchised younger people (by younger I mean forty and younger) right across the western world who really couldn't give a crap about the security of Boomer's investments. When the reality of their future finally dawns on them those people will rip this society limb-from-limb in a violent convulsion of rage and despair. It won't matter if you have gold assets or silver because the entire fabric of the system, and its infrastructure is going to be destroyed. The only questions really left are when will the spark come that ignites the inferno, what alternative ideologies will present themselves and vie for power, and how long will the chaos last? [/quote] That's a compelling vision. However I think that it's going to end with a whimper, not a bang. The chinese will be brought in to save us from the vision you described. They'll buy up everything, put those millions of disenfranchised young people to work in various factores and exile the rebellious ones to camps in the far north. The rest of us will try to march forward acting as though nothing happened as our country and our way of life crumble in front of us in s l o w m o t i o n . . . [/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 >>
Bill of rights to protect black shoppers from racial profiling...[Another Sharpton Shakedown]
Chart Of Radiation Dose Levels In Millisieverts
Christians Are Being Burned Alive, Beheaded, Crucified, Tortured To Death And Imprisoned In Metal Shipping Containers
Facebook teams up with NYU for artificial intelligence study
U.S. Power Grid Unprepared for Renewable Energy
NSA and CIA Spied in Online Games
Geoengineered Snow Storms Wreaking Havoc Around the Globe
EPA To Control Private Streams And Creeks
NASA to attempt to grow vegetables on the moon
New Evidence Shows Native Americans' Origins are Older than Previously Thought
National Parks Could Close Again: Another Government Shutdown Set for Next Month
Predatory tax lien buyer spreading misery across U.S., but who’s behind it?
Virginia Cops Encouraging Citizens to Take Photos of Other Citizens Taking Photos
CNN Caught Staging News Segments on Syria With Actors
Why Are Key Obama Policies Shrouded in Secrecy?
Where are the FEMA Camps? Right In Front of You
Most Americans Aren’t Getting Enough of this Vital Nutrient
Inventor of ADHD’s Deathbed Confession: “ADHD is a Fictitious Disease”
Iron Mountain- The Blue Print For Tyranny (Playlist)
Scientist Photographed Soul Leaving the Body in Death?
Method of Recording Brain Activity Could Lead to Mind-Reading Devices
FHA To Drop Loan Limits (Lowering The Brad Pitt Mortgage Limit), Hawaii Still The Highest
Student Arrested for Burping During Class
Odds of Alien Life 'Very High,' House Panel Hears
Food-tech startups aim to replace eggs and chicken
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)