It all ends Monday [UPDATED]

Originally posted by SuperTripps
if you fell for this whole post, you are a loser. zerohedge had to admit they were wrong BABABAB

Here is a clear example of: It takes one to know one.

Kind regards

can we just get together and end the world already! the anticipation is killing me.

and.... nothing will happen.

reply to post by surrealist


10 pages of people dooming and glooming off 1. misinfo 2. zero hedge is a KNOWN bear blog who focuses on everything negative they can


and if you read all the posts..you did waste your time. threads like this should be able to be DELETED. its a waste of time

It should be fairly obvious to anybody that people are sick of this system and any news or even rumor of its demise will bring the flocks of gawkers running. Some people feed off this and others run and hide from it. i just want it all to end ASAP. And we all know its going to happen its just a matter of when. I myself think its going to be a slow and painful death. But time will tell.

reply to post by marg6043


Jekyl - Hyde ----- Hide the $$$ that is

2nd it follow it

Originally posted by TechniXcality
can we just get together and end the world already! the anticipation is killing me.

Only with you

ATS - it's French for 'everything is doom'

No matter what happens in the world, it's not in the banks' best interest to have global meltdown

What are the odds that every time a country has issues, some magical slush-fund will appear to bail them out? Quite high.

Stop dooming, go to work and keep buying things. Do your part. There are too many people on these forums that are just itching for a global catastrophe of any type.

Slightly off topic but watching the news the other day about the near EU crash. And thinking the UK is one of the 5 core countries of the EU and isn't part of the Euro. Did we have additional knowledge of things to come that all the other member states didn't? In the Iluminati's eyes are we a core country, essential to the running of the Illuminati and this is why were not as deeply embroiled in this as every other country in the EU.

LOL. No offense to the OP, as nonetheless it is good to bring this topic out in the open in terms of discussing systemic risk baked into the system, but it is a good example that if you are going to post an important topic:

1) Understand what you are posting, and if you don't understand it, research.
2) Never blow things out of proportion from the initial source for dramatic effect.
3) Be factual.

At least Zerohedge have now come out and said they got it wrong. Is this thread now officially a hoax, or just a trainwreck?

Originally posted by SANTA CLAWS

Originally posted by TechniXcality
can we just get together and end the world already! the anticipation is killing me.

Only with you

what dose that mean?

The initial CME announcement was vague but leave it to ZeroHedge to run with the most sensational interpretation. After quickly scanning 10 pages lets give it up to Dance4Life. Not only did he correctly explain the futures process (if initial margins had been raised), but I believe he was the first person to post the clarified update from CME .

I just wanted to add that neither the exchange (NYMEX) or the parent company (CME Group) has a claim to margin deposits (I think somebody intimated that margin increases were an indication that the CME was in need of money). Initial margin is deposited by the trader (or his broker) into his trading account when he opens a position...it belongs to him. The same applies to maintenance margins when his position goes underwater. Ultimately these funds are used to settle his contractual obligations when he either offsets (closes his position for a loss) or holds the contract to delivery. The vast majority of futures contracts (95%?) are speculative positions - never intended to be held to delivery.

A *Clearing Member acts as the counterparty to all trades. If a trader is unable to honor his contractual obligation , the responsibility shifts to his broker. If the broker is unable to perform, the obligation shifts to the clearing member. Only if a clearing member should default would the exchange be obligated to assume financial responsibility, and even then, only with specific limitations. The exchanges are pretty well insulated and to my knowledge there has never been a default by a US futures exchange.

List of CME Clearing Members.

Clearing members not only have full access to their 'house' accounts, but they also know how their clients are positioned, including the number of contracts held and stop densities (where the highest number of sell stops are congregated). An advantageous position if you were an unscrupulous bullion bank.

Of course reputable firms JPM/HSBC etc would never stoop that low

GL

reply to post by cloudbreak

At least Zerohedge have now come out and said they got it wrong. Is this thread now officially a hoax, or just a trainwreck?

Well none really... it was based on the CME being a bunch of vague bastards.

So now they clarified and it's not what it means. But if it did indeed ended up like ``we raise all margins to 100%`` then it would have been the end of a lot of people.

But since it's not that, nothing will end on monday.

The mods should let me edit the OP... or just trash bin the thread.

reply to post by TechniXcality


Please do, I would prefer to get the weak out of the way so that the strong may continue.
I myself fear no financial, heavenly, biological Etc. catastrophe.
Why?
Because every couple of years they invent a new "END OF TEH WORLD AS WE KNOW IT", just to get folks to act and do stupid things.
Wanna know the funny part, it really works.
Me myself, the only thing I kick myself about nowadays?
Instead of making a crapload of cash doing plumbing, I should have gotten into sales of survival items.
I'd be a zillionare with all of the panic.
If life is so hopeless, please leave the world in a whimper and please let's not spread panic to the strong folk.

reply to post by Vitchilo


or...it all fizzles out monday

y'know, roaring in like a lion, out like a lamb

reply to post by g146541
im going to elaborte on this, when i say the antcipation of the world ending is killing me it's a sarcastic pun, For if the world is ending surely i will die. But because im alive, and because these dooms day notions are spread like wild fire's. Perhaps it would be more reasonable to stop talking about the end of the world. But instead to facilitate our demise.

You mean the herd will collapse. If you are delusional enough to put all your finances into J.P. Morgan and not a local credit union, that donates locally and thinks at a local, cultural level-you deserve it.

Originally posted by Vitchilo
reply to post by cloudbreak

 

At least Zerohedge have now come out and said they got it wrong. Is this thread now officially a hoax, or just a trainwreck?

Well none really... it was based on the CME being a bunch of vague bastards.

So now they clarified and it's not what it means. But if it did indeed ended up like ``we raise all margins to 100%`` then it would have been the end of a lot of people.

But since it's not that, nothing will end on monday.

The mods should let me edit the OP... or just trash bin the thread.

No, you are still getting it wrong - and have just highlighted a key issue. Nowhere in the original article did it suggest, let alone state, the CME was raising margins to 100%. That is your interpretation, which is incorrect.

Second, were we to believe margins at the CME were going to be raised (and why wouldn't we? They've done it before, you have stated clearly they are, and the original souce suggested they will be raised too), then how on earth you would have everyone believe we are talking 'trillions and trillions (even "hundreds of trillions") in margin calls - more than the world's GDP' due Monday for just the CME is beyond me.

Third, it is not going to"all end Monday", counter to the claim in the headline.

Don't get me wrong, I am not being antagonistic to you personally, just going on the (false) info you provided via a source who misintrepreted and the wild speculation you threw in on top.

So this all to me at least, makes the original post and headline (not you personally) a hoax, or at the very least now that margins are actually doing the complete opposite of the original post, a trainwreck.

reply to post by TechniXcality


Just the same, facilitate your own, some of us have fun with our lives.
I love all of this doomporn, it makes fools do stupid things and panic.
Not me, I realize if a planet is gonna crash into me, I'ma have a beer in mah hand screamin at the top of my lungs.
Ala woody Harrelson in 2012.
Alot of folks here forget to live due to the fear that a tornado may hit their soccer game or a terrorist may hijack their bus or some militia will explode a bomb at their mall.
Folks that are so downtrodden don't need thoughts of how to end, if they need they'll do that themselves.
But to facilitate is to accept fear, the suicide hotline website is a few addresses over.
Me myself, ima have some fun, I'm fat old and retired and enjoy this . . .. ... Doomporn cosplay?
It is only entertainment but some do not realize this.
All that you see on TV, hear on radio, read in print is seen for a reason.
Even on ATS, some folks.....shape the conversations.
It makes for good earnings.
I wish I would have gotten into doomsday sales when I was young.
I'd be fat, old, retired and rich to boot.
If what you have said was in jest however, just remember some of the fragile minds who read this may consider what you suggest, and I apologize for jabbing at you.

This is a good thread.
The Nazis tried to fool people into believing they are nice guys.
Yeah, flock on to their train, everything is swell and safe