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 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.
Pictures (click to insert)
Big Round Smilies
Aliens and Space
Friendship & Love
Misc Small Smilies
View All Categories
Next Page >>
FDA Warns 3 American Companies Selling Phony Ebola Treatments
Congressman Reveals Shocking Reason Holder Resigned
Obama Plotting to Limit Gun Sales and Infringe 2nd Ammendment Rights
Watch These Americans Try German Food For The First Time
9 Psychopathic Thoughts That Probably Everyone Has Had At
Only Spanish Allowed: School Bans Kindergartners From Speaking English
High Fructose Corn Syrup Linked to Kidney Stones
Feds Place Illegals In Every State
U.S. hospitals are gearing up For Ebola – ‘not a question of if there’s a case, but when’
U.S. quietly preparing for Ebola outbreak: CDC issues Ebola guidelines for U.S. funeral homes – how to dispose of bodies
FBI Says No One Killed at Sandy Hook ??
Obama Announces Attorney General Eric Holder’s Resignation
Monsanto GMO wheat contamination discovered in Montana
Did the Fed Steal Ukraine's Gold?
Facebook to start testing internet beaming drones in 2015
FBI To Enlist Local Police In Mass DNA Collection
New York Scientists Unveil ‘Invisibility Cloak’
POLICE URGE RESIDENTS TO OUTFIT HOMES WITH POLICE-RUN SURVEILLANCE CAMERAS
USDA Awards Over $52 Million in Grants to Grow Organic and Local Food Economies
Children-paralyzing virus spreads across 40 states
The Collapse of the American Economy Has Begun
Coke machines to serve as Wi-Fi hotspots in South Africa
Passenger Plane Design Set to Evolve in the Name of Efficiency and Emissions Control
Coca-Cola Just Paid $1,000,000 To Keep This Hidden From You
DEMOCRAT PARTY ANNOUNCES NAME CHANGE - the Socialist Democratic Committee
We're dropping truth bombs like it's the end of days!
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)