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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.
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.
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.
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
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:
(Blog with a few more details on the P&G angle)
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!
EDITED TO ADD LINKS.
[edit on 6-5-2010 by Vitchilo]
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.