This Flash Crash was by no means a “Fat-Finger” Error as portrayed previous. This Flash Crash was illustrating how unsettled the markets are and the lack of confidence in general that exists. Of course, the rumors prefer to blame a cascade effect that of algorithmic and high-frequency trading platforms. Others call this the robot attack. Still others say it was JP Morgan who sold gold short a other attribute it to selling one million ounces of gold all at once for an Asian fund (10,000 futures contracts).
We are headed toward a debt crisis of untold proportions. This is so drastic that it will bring down all government and require a complete restructuring. This is the same type of crisis brought down
Communism in both China and Russia. We are past the point of no return.
