Users Online Now:
GLP Poker Rooms
GiveMeGossip.com - Gossip Forum
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:IssueX:MV8yMDQ4NTczXzM0NDI2ODk2X0FDQjBCRTg3] [quote:Anonymous Coward 23992770:MV8yMDQ4NTczXzM0NDI0MTQwXzU1QTU5NkZC] [quote:Serendipity 25458009:MV8yMDQ4NTczXzM0NDI0MDE2X0MwNzNBREJD] [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] Wow, where did you come from? And do you hang out here very often? [/quote] I do tend to spend a little time each day lurking around GLP. Its kind of like an addiction that I can't kick (I don't join because Trinity keeps banning my IP). [b]Its fascinating to read the rantings of so many people who are totally deluded, clinging the old 'certainties' yet ignoring the growing tide of anger and disillusionment that is permeating through all western societies.[/b] [/quote] this is truth this is why I sold our house in 2006 and did not purchase another one just think of the fact there are fewer young people than boomers...that those young people will NEVER live as well, earn as much, save money as the boomers did that those young people are 10x deeper in debt just to go to college, have emerged into a world where they are earning less yet paying 500% more for just about everything needed to live than the boomers did How the fuck is this system going to support houses that cost $500-$1MM in most urban areas of the USA? That is just the beginning The fact that this house of cards has not blown over so far has given many who were nervous a new false sense of security...and because of this more and more people - even the cautious - are being sucked into the casino this is always the last phase of a blow off...when even the previous bears capitulate and join the market ...just before the implosion sorry , just the way I see it, and I'm willing to eat all the losses if I'm wrong and a huge bull market is about ot start but frankly, given global demographics, global consumer debt levels, global government debt levels, I think we're about 5 minutes from midnight :hiding: [/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 >>
How Our Thoughts Control Our DNA
News Jade Helm “Exercises” cancelled in two Texas counties. Jade Helm “Exercises” cancelled in two Texas counties
This Urn Will Turn You into a Tree After You Die
You Can Now Turn Your Dead Loved Ones into Perfume
Man Crushed Under Semi-Truck Rescued by Angels
Guess Who the 1st Legal Slave Owner in America Was? Don’t Expect the Liberal Media to Report This
You Won’t Believe Which State The U.S. Federal Government Might Take Over – And What Is “Jade Helm 15
VIDEO Top 5 Reasons Ted Cruz Is So Concerned About Jade Helm 15
Obama Won’t Let States Ask for Proof Of Citizenship … On Voter Registration Form!
EPA spends $84,000 to study churches that preach climate change
University of Florida Closes Fraternity after Members Disrespect Disabled Vets in Unbelievable Way
SHARPTON ADMITS Federalizing of POLICE is the END GAME
Two Mysterious Tunnels Discovered In California – Where They Lead Is Disturbing
Adam Carolla Shows How Cops Are Assholes
Obama’s Admin Chose This State as a Dumping Ground for THOUSANDS of Islamic “Refugees”
VIDEO: Huckabee Just Told Islamists His Plan for Them… They’d Better Pray He Doesn’t Win
In 2008 Obama Revealed His Plan for Law Enforcement… and Now He Has the Perfect Excuse
Alabama is just one state making a move to limit the federal government and take back its sovereignty
Black Reverend Makes Chilling Revelation About Obama’s Real Plan for the Baltimore Riots - To FEDERALIZE The Police Depts
The Black Panthers’ New Leader Just Sent This Terrifying Message to the Entire Country
The 17 Things the Media Does NOT Want America to Know About Baltimore
George Soros Gets Some Devastating Bad News… This Could Bring Him Down
Baltimore Mayor Told Cops, “Let Them Loot”… But the Next 3 Words Were Even More Shocking
Sheriff Drops Bombshell About Order He Received During Baltimore Riots
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 0.009s (5 queries)