12th November 2019, 11.15am. Global
currency trading collapses causing a ninety two trillion dollar drop in world
liquidity. 10.57am all major stock markets stop trading. 12.05pm banks begin to
close their doors and you’re left with the cash in your pocket. After frantic
conference calls there’s worldwide agreement to apply 11th Nov
0.00am backup data to begin 0.00am 13th Nov. With twelve hours to
notify all major players the 13th begins almost as if yesterday
never happened but by midday the collapse began again with the same
consequences and a similar response, but this time using the 4th
November data. This would give a week to figure out what was going on.
Automated high speed and algorithmic trading was banned with currency trades to
be no faster than one per second. This would slow the market. All went well until
on the 19th a collapse occurred again. They went back a month then
two months but each time a collapse occurred. By then January 2020 had become
September 2019. Computer systems were scrutinised along with every aspect of
the financial market but there seemed nothing awry. In these one and two month
periods everything went differently except they ended in a collapse. It was
like they were just climbing a slippery slope only to slide back down again. A
wider range of the brightest minds was brought in to identify the problem. Only
when they built a computer model of the whole financial process did an answer
become evident. It was called the ‘Kid/Toy’ syndrome. Give a kid a hammer and
sooner or later he’ll flatten his finger with it. The combination of the professional
financial mindset and the technology at its’ disposal will always cause a
collapse. (like the 2010 ‘Flash Crash’ where the US lost one trillion dollars
in 32 minutes) It was all just a matter of time. The question then arose, ‘How
far back do we have to go before it doesn’t happen again?’
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