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 19514200:MV8yMDQ4NTczXzM0NDM3MDE3Xzk4QTExQjc0] [quote:Anonymous Coward 26344682:MV8yMDQ4NTczXzM0NDI5MTQ2XzRFQUNFQjEz] Ann Barnhardt. She imparts some scary Religious beliefs. She can't ever have been told how to wear a tie. I bet she's damn scary when she's really mad. She is a zealot. BUT her financial summary is spot on. [youtube]http://www.youtube.com/watch?v=7dFVFJ0iRRA[/youtube] [/quote] Yes, she seems to be getting on a real good point, then suddenly whips out bible scripture as fact completely throwing people out of sync. There's no need for it. [/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 >>
Obamacare Hardship Exemption Offered to Offset Hardship Caused by…Obamacare
(VIDEO) MSNBC Host Says “SANTA ‘COULD BE TRANSGENDER”
Convention of States: We Can Rein in the Federal Government
Science Focues on Body’s Own ‘Inner Light’ as the Ultimate Healer
Druids celebrate winter solstice at Stonehenge
House Introduces Bill to Prevent Military Pension Cuts
Recession in 2014: “The Government Will Not Be Able to Save the Economy”
Map: Areas Of Probable Power System Collapse: “130 Million Lacking Power For Several Years”
The truth about Education – A Truth We have to Accept
Obama Sends Openly Homosexual Delegation to Russian Olympic Games – Advances Communist Goal #26
U.S. Air Force plans to add 1,000 new cybersecurity personnel
'Green Bullets' Overtaking Lead Thanks to EPA, State Regs, Military
Autism and Vitamin D
Meteor Slams Moon, Creates 59-Foot-Wide Crater
Scientists Manufacture Biofuel from Algae in Minutes
An Inside Look at Sustainable Farming in America
Plant some flowers the macho way: from the end of a shotgun
Scientists looking closer at what happens when body dies...
First foreign-owned toll road hits Dallas!
You'll Never Guess Where This FBI Agent Left a Secret Interrogation Manual
Magic Mushrooms Repair PTSD?
OH Bill Would Require Parents to Undergo State Investigation Before Homeschooling
9/11 Families 'Ecstatic' They Can Finally Sue Saudi Arabia
Experts Fear Nuclear Famine: “A Disaster So Massive in Scale that No Preparation is Possible”
Supreme Court to make landmark ruling on prostitution
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 0.003s (3 queries)