OH NO...Securities and Exchange Commission just launched new "flash crash" algorithms...THAT PROBABLY WON'T WORK. by mepatriot

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· @mepatriot · (edited)
$0.30
OH NO...Securities and Exchange Commission just launched new "flash crash" algorithms...THAT PROBABLY WON'T WORK.
I've been waiting for this as have many astute investors who know that the whole market is entirely rigged, even down to what DOW number is reported at any given minute throughout the trading day.  In the wake of the 2007-'08 disaster and near liquidation of the banking sector (and the American consumer fraud-based economy with it) the CROOKS at the SEC put in place "stop-gap" computer algorithms designed to shut down markets if they plunged more than 10%.

These stopgaps were triggered already, and they did work...so WHY MESS WITH THEM NOW, when the market is showing real volatility and when many believe a major crash on the order (or worse) of the infamous 1929 crash is imminent?  (That was the morning, btw...when Bernard Baruch, a Rockefeller lackey, stood on the balcony at the NYSE with Winston Churchill and said to him, "now watch what we can do.")  To me, this is the final indicator that the flash crash fail safes have actually BEEN REMOVED.

![](https://cdn.steemitimages.com/DQmZx9nZeBBQK9eLGGnUrGxXaHPunzRwx3CZbCNb96dhtrG/image.png)


I could be wrong.  It has happened before, but then I found I was just wrong for thinking I had been wrong...lol...

No...seriously, this could be a very ominous sign, and only increases my belief that a final crash is near.  Check out this article, for example:

https://www.corbettreport.com/sec-launches-glitchy-database-to-prevent-another-flash-crash/

And here is a key excerpt from the above link:

"So the noble agents of the SEC got to work adopting a new rule that would require a Consolidated Audit Trail to 'efficiently and accurately track all activity throughout the U.S. markets in National Market System (NMS) securities.' Specifically, the dream was to build a 'supercomputer' that would act—in the memorable words of SEC Commissioner Kara Stein—as the 'Hubble Telescope of securities markets.'"

![](https://cdn.steemitimages.com/DQmc1kwvUfn4GsUpevbkTYN7GamFQTs4Vh59iTigrawNnmQ/image.png)

This system is glitchy and will likely not work as intended.  All we need is a minor panic...for example...a riot at the border that spills over into the U.S. side somehow, or Pence being detained tomorrow by the socialist cabal down in Mexico for the inauguration of the new socialist Mexican President, to trigger a 10% sell off from which systems for "throwing the red switch" will be tested, and IMHO, likely FAIL.

Here's some additional excerpting:

"Well, guess what? The Consolidated Audit Trail has been a technical nightmare to get launched and, even now as it is going online, it suffers from critical flaws that make it mostly useless. As Dave Michaels at the WSJ helpfully explains: 
The problem partly stems from certain options trades that can’t always be tied to the underlying orders that make up the transaction, one of the people said. Mr. Beller has told the exchanges that the flaw would be fixed by March 2019, the person added.

'Without the linkages, investigators surveying for market fraud and analysts doing research for the purpose of improving market structures cannot see the full picture,' said Larry Harris, a financial economist at the University of Southern California who sits on an advisory committee to the project.  But don’t worry, everyone. As I say, the technologically competent and business savvy folks in the government are good at solving these types of problems and I’m sure it’s just a matter of time before this over-glorified $50-million-and-counting lemon of a database is up and running without a hitch.  So let’s just assume that they can get the system functioning correctly with minimal cost overruns. Will this actually help prevent another flash crash? Will the database do what it’s supposed to do?

Of course not. In order to actually help prevent another flash crash type of event, we’d have to assume that:

    The SEC could be trusted to run such a scheme fairly.
    The database did anything at all to address the root cause of the problem.
    The technology actually worked.

There’s just three problems with that little wish list.

    They can’t.
    It doesn’t.
    It doesn’t."

![](https://cdn.steemitimages.com/DQmRmKj4uaVmFCnWBpLaaTzS8ZDgGc9C2LXQc24FaXUcxLz/image.png)

Are we worried yet?  The timing is critical right now...what with all the "wars and rumors" of wars down on our southern border and in Texas, in particular.

Pay attention.

This could be a very hot week.



---------
EDIT: Dow Jones Industrials are down 450 points as of 2:30 PM (ET).
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 10 others
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@mepatriot ·
THANKS!
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@janton ·
howdy sir mepatriot! you think there is going to be a border war in Texas? 
I didn't know Mexico elected a new president but you say he is a leftist?
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@mepatriot ·
Yes...there are rumors...but I think they've already been proven false.
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@janton ·
ok mepatriot but what about Mexico's president, do we know anything about him? Wouldn't any conservative candidate just get assisinated?
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