Robots controlling our money - is it worth the risk?

The future doesn't bring an army of robots walking down the streets shooting at humans who don't obey them. You've seen the movies & read the sci-fi.

It would be a lot easier if the robots just took our money wouldn't it? Then we'd kill each other.
Wanna help me write the movie/book? Contact me.

On a side note, from an article at Security Industry News:

The rise of high-frequency trading and speed-of-light transactions has fueled the need. Now, 70 percent of average daily trading volume in equities involves a buy or sell order from a high-frequency trader, according to research Aite Group[.]

The article goes on to describe how the industry is working it's butt off to increase that & to speed up the trading which is currently measured in milliseconds.

And from a different article at Security Industry News:

There's even a thriving business to be had in "latency arbitrage," which focuses on fast and frequent trading.

This so called "trading" is done by algorithmic software written for the most powerful hardware & stretched to squeeze out "profits" in milliseconds. Sounds like it's simply trying to squeeze out waste, but what happens when the computerized trading "breaks" and loses control?

On Black Monday in October 1987, the stock market melted down in a catastrophic one day.

In 2008/09, it took several months to melt down to its current "bottom" in March '09.

So far, regulations have not been put in place to address the incredible risk, complexity, lack of safeguards re: massive high-frequency trading. Not to mention other safeguards. Writing such legislation & regulation in such a short time is impossible.

That being said, have you contacted your legislators to demand they tighten the regulations on the gambling, I mean, on the finance/banking industry? No? Are you still contributing to your 401(k) & IRA buying stocks & mutual funds?

Like somebody once said, "fool me once, shame on you. Fool me, you can't get fooled again."