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"NO BID" threat looming. When the computers stop trading...any tradable funds may drop to zero!
Ms Sans Serif
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[quote:Anonymous Coward 2836766:MV8yMDQ4NTczXzM0NDI1NDE2XzdGQzY2MjA1] [quote:Saddletramp:MV8yMDQ4NTczXzM0NDI1MjE3X0M0QzJFMjE=] The problem really now is that interest rates are so low. Many investors would love to put their money or a portion thereof into safter vehicles, but with an essentially negative return after inflation, what's the point? We've never (at least in this prolonged financial cycle) faced such chronically low interest rates for such an extended period of time. Doom for the system as it currently stands is a rise in effective interest rates. Then you will begin to watch this thing unfold like a lawn chair... [/quote] Interest rate (and in general, economic data manipulation) = the silent weapons for the quiet war on class. The vast majority of seniors are saver who hope to live on the return on their savings - this return has been stripped via ZIRP while at the same time their COLAs have been suppressed thus forcing them into the risker vehicles proffered by the investment casino gulag - it is a quiet way ofshearing the sheep via despair and increasingly marginal returns whenever there are returns and not simply outright negatives and theft sponsored by the US Attorney General! What would Jon Corzine do? He'd probably continue to bundle while enjoying his freedom and his former client's money! [/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.
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