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.
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 >>
Philly Police Union mad police victims have voice at DNC, not cops' widows
CNN posted 100 (one-hundred) videos about SANDY HOOK! WHY did CNN suddenly post 100 Sandy Hook videos in 1 HOUR??
Giuliani will reopen Clinton email probe if Trump wins
Class action lawsuit over Smart Meter harm to humans dismissed by Supreme Court
Millennials Are Facing Existential Crisis
Agenda 21: New Senate Bill "Ramrods U.S. Citizens and Hands Over Their Lands"
The Feds “Assault” on U.S. War Veterans You Won’t Believe
University Shuts Down Campus for Students Who Are Scared Because Cops Are Staying There for the RNC
Alex Jones Fight With Communist BLM Protester at #RNCinCLE
L.A. Times Suggests Military Coup Against President Trump
Russians stocking up supplies as Fears Of War with NATO Circulate
U.S. to bake for days under enormous ‘heat dome’
Firefighters forced to remove police flag due to ‘extremist’ fears
Refugees Secretly Flooding Into US Cities
Earthquake swarm continues in California
How The Government Takeover of America Has Already Started
Nickelodeon Cartoon to Introduce Same-Sex Couple, Howard and Harold
Iris Scans Set to Replace Fingerprints
Huge UFO Spotted Over NY Stirs Up Local Residents
Government Says Biological Sex No Longer Important on Passports
Obama Floats “Fixing” His Healthcare Plan with Obamacare 2.0
DoJ: Supreme Court ruling means only 5 states will have federal election observers this November
Democrats Introduce Bill to Ban Kids from Using Assault Rifles
Texas governor joins push to add police to hate crime laws
Engineered Chaos and Fear the New Norm In America As Many Assume the “Reality” Of Staged Events
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 0.005s (4 queries)