Hypothetical Question

[GodIsMyStrength]

This is a question to the economic gurus on the board: Would it be within the realm of reason that IF an economic collapse started to occur, and the govt would freeze the Standard & Poors index and the other indicators including the stock market, etc., in order to protect the corporations, institutions, etc. from collapsing too far and then create new indexes, markets, etc. that would use a new currency?:idunno

I do not have an economic background and I have virtually no idea what indexes are, so if this is an poorly phrased question or totally off base, please forgive me but please correct me. Let's just say I need confirmation.

Thanks, Kim

[Issachar]

Your question is worded fine. Yes, it is possible for Wall St. to shut down trading. These days especially, anything is possible.

Issachar

[dramama]

they closed it down on 9/11 and on black tuesday and a couple of other times to try to head off the fall...I think they'd give it a whirl again but it won't do much good, if it's gonna fall into a pit it will no matter what they do....

[Homesick777]

...and the govt would freeze the Standard & Poors index and the other indicators including the stock market, etc., in order to protect the corporations, institutions, etc. from collapsing too far and then create new indexes, markets, etc. that would use a new currency?:idunno


Kim, the probability of the events you have speculated about actually all taking place is quite low, and would likely coincide with unprecedented civil unrest leading to the overthrow of the US government. Perhaps with the same probability of a meteorite destroying everything within 50 miles of NYC or the odds of Russian and Chinese troops pouring onto our beaches next Tuesday to invade the US. Sure, they are all possible events, but not probable. The odds are extremely high for any of the above scenarios.

Your question appears to have arisen because of a decision you need to make. If you can be more specific about what's on your mind, I'm sure you will receive more specific recommendations.

[BeNotAfraid]

I would say yes to the first part for a short-term period...things would have to be VERY bad for the second part to occur, IMO. That would be more of a long-term "solution"--as in post-rapture or trib as part of the global economy, one world government...possible, but not probable that believers will see it (even if we see hard times, which I believe is likely). :)

[GodIsMyStrength]

Thanks for the responses. I had a dream involving this and I am trying to figure out if my imagination was working overtime. I was trying to phrase my question without bring up the dream aspect since I didn't want the scenario of tin foil hat brigade coming down on me for stirring up the chicken littles. I knew that the stock markets were closed after 9/11 and other drastic occassions but the Standard & Poors and the indexes thing really threw me though since I had to look it up to find out how it was spelled. I don't remembering seeing this referenced in this forum, so I am not sure where it came from and I still don't know really how it is related to the economy.

I really don't have any decisions to make financially nor have I been more worried about the economy than most people. I am concerned about the future with the price of gas, etc. and I have been buying a little extra groceries here and there but I haven't gone as far as pricing a supply of MREs.