Activity – Peter – The Giza Forum (Legacy)

Peter posted an update 5 years ago

The largest single day DJIA loss is 13% on 3/12/2020 #Trump-shot
I wonder what this crash will look like?
Will they allow a crash? They will certainly halt trading and consider ‘revaluation’. lol – good spirit and blessings to all projecting this righteous collapse. Great time to be alive.
- Laura replied 5 years ago
  Well a crash would be a buying opportunity, but my guess is that there will not be a crash because:
  The stock market is one of the US’s remaining industries, it is a target for the Chinese and Russians therefore it will be defended as a national asset, and there appears to be some kind of safety switch when the algos go zany. But you never know.
  - Peter replied 5 years ago
    Investments in Hell LLC – can i interest you in some stocks and bonds? Great prices. Affordable fees. subsidiary of Berkshire Hathaway666
    - Laura replied 5 years ago
      
      well, gambling has little appeal, but a cozy safe haven sounds good.
  - FiatLux replied 5 years ago
    I don’t know… Crashes are often used as a means of transforming the financial system; and all the insiders know when a crash is going to happen, so they’re not likely to get burned too badly. After a crash, the stock market and financial industry always come back, sometimes in a changed form, so it doesn’t really wipe out the industry in the end.
    - Ady replied 5 years ago
      
      Hi FiatLux, The LIBOR rate is ending in late 2021.. and I think that the timing is perfect for a new organised “crash” to transition to the fully digital economy..additionally, from what i’ve just read they will be transitioning away from the USD “6. As the transition away from US dollar LIBOR progresses, we will continue to consider the case for
      using these proposed powers also to require continued publication on a synthetic basis of the 1-
      month, 3-month and 6-month US dollar LIBOR settings for a further period after end-June 2023,
      taking into account views and evidence from the US authorities and other stakeholders.” https://www.fca.org.uk/publication/documents/future-cessation-loss-representativeness-libor-benchmarks.pdf
      https://www.bankofengland.co.uk/news/2021/march/announcements-on-the-end-of-libor
    - Ady replied 5 years ago
      
      and the GLOBAL transition map for LIBOR: https://www.fsb.org/wp-content/uploads/P161020-1.pdf
      
      FiatLux replied 5 years ago
      
      Interesting… Clearly, changes to the financial system are in the works. The UK gov’t has come out with their intention to “study” central bank digital currency (Britcoin), which I take to mean they’ve already decided they want to implement that new so-called currency.
      
      Ady replied 5 years ago
      
      I think they are going to rollout general crypto/ blockchain tied currency within 12 months..
      
      Peter replied 5 years ago
      
      WHATEVER ‘PAYMENT NETWORK’ THEY OFFER IN REPLACE SHOULD BE REFUSED WHOLESALE WITHOUT QUESTION my money my choice