It's now obvious why the market ``crashed``

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posted on May, 7 2010 @ 10:38 AM
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People need to educate themselves quick.

I mean- say for a minute that this was caused by a B and not a M on the keyboard. Ok.

Who designs software like that?
Who would allow software where a mistyped keystroke could sink the US economy in an hour? Who HAS that software, and WHY?

Say there is software like that, then who using it has the power to hit a button and do THAT?

Do people really believe that? Do "they' - the media, the whitehouse, the banks, whoever they are - really think people are that stupid?

Cause if that IS the situation, why is everyone sitting around going ....'"oh, that's what happened, ok...."

Look, when you work in a big IT department and things go wrong, usually your upstream provider gladly accepts the blame for your outtages - just keep buying their bandwidth....a lot of things go wrong in IT - and IT uses the blame game easily because people are usually totally accepting of "it's a glitch, we're working on it" But 99 times out of 100, the GLITCH is really some human error that was pure stupidity....unplugging a cable and your cabling system being a total mess, hardcoding an IP address and then changing it, something.

What I am saying is....fat fingers or not...this is totally unacceptable, so don't accept it.




posted on May, 7 2010 @ 11:04 AM
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Interesting take on things. S&F.

If congress has any accountability to those who put them in office, then they'll launch a detailed investigation and prosecute those responsible as terrorists.



posted on May, 7 2010 @ 11:23 AM
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I think it backfired.

They reported the USD was at it's strongest at the height of the dip. Because they wanted our money to fund them. And our money is backed by our work.

We are their capital.

But I also think it was more than a threat. It was a redistribution of wealth. The stocks dip for normal investors. Every day Americans. They end up losing money.

Meanwhile it's equivilent to a buy 9 get 1 free for people who can afford it. So once the stock rebounds, your average person loses money. And your wealthy person gains even more money.

[edit on 7-5-2010 by mryanbrown]



posted on May, 7 2010 @ 11:28 AM
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reply to post by Violater1
 


I wouldn't care if everyone lost their money. That's what they get for gambling and building and empire around a casino (Wall Street).



posted on May, 7 2010 @ 11:32 AM
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It's simple: either you A) don't trust the stock market because it's run by a conspiracy, or B) don't trust the stock market because a "fat finger" can ruin the day.

Either way, how can anyone trust this thing?

Either way, this also PROVES the stock market can be manipulated by a "fat finger" so do you really think a power hungry greedy globalist will not realize "hey, all I need is a fat finger to manipulate the market."

Case closed, the market is easy to manipulate.

[edit on 7-5-2010 by filosophia]



posted on May, 7 2010 @ 11:41 AM
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Originally posted by Phlegmi
I think your statement that the banks took over the US is false... The banks have ALWAYS owned the US.


Not always, but pretty damned close.

Thomas Jefferson was among the first to publicly proclaim that an all powerful central banking system was more dangerous for the American people than a "standing army"

A few hundred years later, we have guys like Ron Paul who are saying the same thing.

The only problem is, at this point, what could we do, what should we do, short of a French Revolution style overthrow, to address this issue?

Many people agree that the banking system in this country is obscene, and is corrupt beyond repair. But, say we ended the FED today, say we forced all the guys who run these Mega-Banks to retire. What then?

Everyone has great ideas on what we should do away with, but I have yet to see someone propose what to do after. The Fed was started when the government realized they didnt know squat about money management. They asked the richest men of the day to oversee the treasury and banking systems, thinking "who better for the job?"

Little did they know, all they were doing was setting us up like sheep to be watched by wolves in shepherds clothing....



posted on May, 7 2010 @ 11:42 AM
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IMHO it's a show. The government gave the banks the power to do this. Now they are blaming the banks for crashing a market that the U.S. Government not only let happen, but gave the authority to do so. They work together, it's an election year, everyone knew it wasn't going to pass and someone wants votes. Typical shenanigans.



posted on May, 7 2010 @ 11:51 AM
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Interesting how "they" destroy everything, rape us for Trillions of dollars, buy all our homes... and THEN make new laws to "protect us" and never let this happen again (so no one else can favorably tip the scales like they did).

We've been had by global elite families and nothing will change it but an all out re-construction of money.



posted on May, 7 2010 @ 11:53 AM
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Originally posted by hadriana
People need to educate themselves quick.

I mean- say for a minute that this was caused by a B and not a M on the keyboard. Ok.

Who designs software like that?
Who would allow software where a mistyped keystroke could sink the US economy in an hour? Who HAS that software, and WHY?

Say there is software like that, then who using it has the power to hit a button and do THAT?

Do people really believe that? Do "they' - the media, the whitehouse, the banks, whoever they are - really think people are that stupid?

Cause if that IS the situation, why is everyone sitting around going ....'"oh, that's what happened, ok...."

Look, when you work in a big IT department and things go wrong, usually your upstream provider gladly accepts the blame for your outtages - just keep buying their bandwidth....a lot of things go wrong in IT - and IT uses the blame game easily because people are usually totally accepting of "it's a glitch, we're working on it" But 99 times out of 100, the GLITCH is really some human error that was pure stupidity....unplugging a cable and your cabling system being a total mess, hardcoding an IP address and then changing it, something.

What I am saying is....fat fingers or not...this is totally unacceptable, so don't accept it.


I just found out something today from Rick Santelli of CNBC that I theorized about and it may be true. They where talking about he problem yesterday and when they went to Rick he asked the one man how big of an order can you place on e-mini's. They guy just had to ask this simple question but he started to him and haw and make up a story. Rick answered it for him and said that they will only allow 2,000 contracts at one time. And when the guy with the anchors started to say on one hand that it will show you a warning are you sure you want to place this order, he also made comment that they can take off the "limits" on the orders. Rick came back and said no, e-mini's and CME or CMS will not let you go over 2,000 contracts at one time.

Every time Rick explained this the other anchors where trying to over talk him. And when this important aspect was put out their, none of the other anchors didn't even follow up on what he said. There was another rumor yesterday afternoon that a fund was liquidating but no one has said anything or found anything out so far. I knew that it couldn't be possible to transpose either numbers or letters by mistake without the limits catching the error. And if people used their heads, think about this. Humans aren't machines, this problem would have came up years ago on more than one occasion. And when so they would have programmed the system to make sure this error didn't happen. And the funny thing, Jim Cramer came out on the Goldman Sachs thing and on this came out to see the problem and then massage the markets saying that their was an error in the system.

As the weeks go by, I'm starting to see more and more amateurish explanations too things that happen to hide the fact that somebody comes in to save it from a blood bath. And one more logic to denote the fund being liquidated. If Europe is going through what happened to us back in 2008 where banks weren't loaning to each other (Liquidity issue). Then it makes perfect sense that one or more funds may have been caught on the wrong side of a bet in europe and had to unwind/liquidate. We are being scammed and our leaders are desperate. They are using the MSM and economists to keep things quiet (happy thoughts, happy thoughts).



posted on May, 7 2010 @ 12:18 PM
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Originally posted by OBE1
I'm still not not sure what to make of this theory, but a few of the sites I visit are a-buzzin' with it.

Anyways, here's the other source.

Nate:


Posted by Nathan A. Martin at 12:52 PM

Now, let’s talk about today, the drop was NOT a “fat fingered” mistake. The backdrop was set for a crash with the movement in currencies over the past several days. Today Harry Reid made a statement that he was going to support legislation to break up the big banks and that it and the audit the Fed bill would make it to a vote. KABOOM. The central banks who own all the computers and all the stock hit the sell button. The lesson? Don’t mess with the people who control the money. This is yet another historic event where the central bankers are flat out blackmailing the people in order to get their way. The message is, “keep your hands off or we crater the markets.” - Full Text


And with that said...and mind you I do not "play the market" per se, but I guess the question I would have is; do we pay the price now and just let the chips fall in an effort to do the right thing and put into place measures to aid in preventing this from ever happening again in the future?

Or...

Do we wait and take the punishment later...after the powers that be fleece us even more for their drive towards a one world government/banking system?

I dunno man...again I do not have a lot at "stake" in said market, but I would be willing (as I have been now struggling to make it over the past year anyways due to this crappy economy), but I say PRESS ON with the legislation to regulate these fools, and deal with whatever consequences that may result....as the sooner we feel the pain, the sooner we as Americans can get back on track and do our best to prevent something like this from EVER happening again.

But that is just me, so please excuse any ignorance on my part, I just have this little birdie whispering in my ear that we should deal with this NOW rather than LATER.

Thanks



posted on May, 7 2010 @ 12:36 PM
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In regards to that senate vote to break up "big banks", I wonder if that would have included the Fed? Petty sure we all know the answer.



posted on May, 7 2010 @ 12:45 PM
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Originally posted by Byrd
The cause appears to be algorithm trading ("Algo trading) combined with the rapidity of electronic trades which then ran amok. There's now a call for a crackdown on computer-driven high-frequency trading -- some exchanges had mechanisms in place to slow the pace of trades.

The problem is rumored to be a trade in Proctor and Gamble stock (via a trade in Citigroup), though other sources cite the problems in Greece as the foundation. The crash lasted for a period of about 15-30 minutes:

www.reuters.com...

www.usatoday.com...

abcnews.go.com...

www.nydailynews.com...

(Blog with a few more details on the P&G angle)
blogs.wsj.com...


It seems like this is the most plausible cause, though there had to be a huge initial sell that started the ball rolling - trading programs are designed to not only act on new information but respond to market movements, so a large enough sell on a certain stock that a majority of programs are looking at could have created a snow ball response.

Apparently the SEC is narrowing in on the initial sale - www.bloomberg.com...



posted on May, 7 2010 @ 01:03 PM
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Hi folks, this is an email I sent to BS's (Bernie Sanders) office last night regarding his dismantling of the fed audit legislation. It doesn't look like he was moved by it.

Dear Senator Sanders,

As an informed citizen of this great nation I highly recommend the Ron Paul/DeMint S604 legislation in regards to your decision on Federal Reserve transparency. If you do not endorse this legislation you are harming all of humanity living under the interest bearing debt machine created to suck the pockets of the American taxpayers dry since its inception during the Wilson administration. A full audit will provide WE THE PEOPLE the opportunity to witness the abhorrent lending practices that in recent history have taken their toll on the U.S. populace in near real time, not in a retrospective manner as practiced today. The World knows the raw deal that the fed has served America, and it is time it was acknowledged by our ELECTED officials in government (That's you Bernie). Please sir, do not dilute the bill to succumb to the Jekyll Island crew. I'm sure they (the fed) have been very "persuasive" in their lobbying to have the bill diluted and I encourage you sir, grow a pair and tell them NO, THE BILL READS AS S 604!

Expecting Resolve,

(user wishes to remain anon on ATS)



I thought it sounded good, too bad our leaders are cogs in a corrupt machine



posted on May, 7 2010 @ 01:42 PM
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Originally posted by Vitchilo
Know what was planned today for a vote in the senate?

A vote to BREAK UP THE BIG BANKS.

Here BNO, as a source

And here's huffingtonpost, a pro-Obama source



Senate votes 61-33 against a proposal to require giant U.S. banks to split up


This was a direct threat... DO THAT AND THE ECONOMY IS DEAD, WE OWN YOU.

This is not different from September 2008 when the bankers, Paulson in particular, threatened martial law, blood in the streets and the stock market plunging a few thousands points if they did not get their bailout.

THIS IS FINANCIAL TERRORISM PEOPLE.

The banks have taken over the US!

WAKE UP.

EDITED TO ADD LINKS.

[edit on 6-5-2010 by Vitchilo]


Very good observation, my friend.
What you just wrote actually sums up the overall agenda of this ccoming planned economic collapse which they intend will 'force' society to depend on the Gov't for the very necessities of life, which they will then control.

Once they control the economy they control its population, then martial law will begin.

Check this site out:

rikijo.blogspot.com...



posted on May, 7 2010 @ 01:48 PM
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reply to post by hoghead cheese
 


I saw the same segment on CNBC. The idea that this was caused by someone accidently entering a trade for billions of shares is laughable. A trade like that would never go through.


Electronic trading doesn't work that way. No way this was caused by a single trader fat fingering an order. We are being scammed yet again.



posted on May, 7 2010 @ 02:20 PM
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Has history not showed us that those who rule will almost always live in style?



posted on May, 7 2010 @ 02:27 PM
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I fail to see anything wrong with making these "too big to fail" much smaller, unless I missed something?



posted on May, 7 2010 @ 02:53 PM
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Originally posted by marg6043
reply to post by Vitchilo
 


But this means that that 1 trillion really doesn't exist, is nothing but computer generated image of something that is and never was there.


Quite and don't you think it sad that the west adjusts its behaviour to court favour with "the markets" which are nothing more than gamblers in pin stripe suits using funny money.



posted on May, 7 2010 @ 03:28 PM
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I might believe you and BE VERY WORRIED except that I have read your other threads.


Just sayin.'

[edit on 7-5-2010 by kinda kurious]



posted on May, 7 2010 @ 03:48 PM
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reply to post by OBE1
 


Your source makes me wanna, well, cry. It can't be that easy for them, can it? I mean, are we really hostages to these people? What the eff can we even do? It's not like people aren't furious. That we aren't protesting on Wall Street, at the White House, at our state capitals. Yet, all they have to do is remind us how much they control and we panic at the site of the DOW falling soooo fast.

I was thinking about how the perpetrated "crash" reminds me of a bad action movie where someone takes some rich kid hostage. They tell the cops they will kill the kid if the cops try to make a move. The cops call their bluff and the kidnapper sends them the kid's finger.

We called their bluff, they hit the button, we gave in...what's the next move?





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