There is trouble in money land after a Monday premarket stock plunge saw all major U.S. brokerages, including Charles Schwab, TD Ameritrade, Fidelity, Vanguard, E-Trade, Robinhood and Interactive Brokers (IBKR), go offline, preventing traders from selling.
Trouble began late Sunday night when the Nikkei 225 in Japan saw an historic 12 percent overnight selloff. Other markets reacted in kind as Americans woke up early Monday morning to major market carnage in the making.
The Down Detector tracking website showed that all major U.S. brokerages were inaccessible both before and during premarket and at the time of the bell on Wall Street, leaving investors unable to react to the situation.
Panic is spreading as the illusion of safe and secure markets vanished in an instant. Users of the Thinkorswim (TOS) app from Charles Schwab and TD Ameritrade reported getting a message about "Login Unavailable" due to a "technical problem" that left services "temporarily unavailable."
"Schwab.com, formerly ThinkorSwim, shows a 'technical problem' and is already preventing trades, while Robinhood has halted trading on their site," one person wrote on X about the chaos. "These financial institutions are protecting their rigged and corrupt legacy systems. It's time for change!"
Users of other U.S. brokerages reported the same "errors" and problems with their mobile and desktop apps, which prevented them from even logging in to attempt to make trades.
"I can't log on to my brokerage account to buy more $TSLA," one user complained about not being able to fulfill his desire to buy more Tesla stock due to the industry-wide outage. "Something tells me this is not by accident looking at how red the market is today."
(Related: This is only just the beginning of a much more massive financial collapse that will destroy everyone's assets, according to Paul Craig Roberts.)
Whenever the money masters approach their reckoning, they just shut off the system to protect themselves
A stock trader out of China reported the same problems with brokerage apps over there that connect to the U.S. stock market. The following excuse was given as to why even Chinese traders of U.S. stock were unable to trade this morning:
"U.S. markets are experiencing high levels of volatility. There may be related market wide trading halts and / or on individual securities. In this case, orders can be placed and canceled. However, orders cannot fill until trading resumes. Please see the Help Centre for more info."
In other words, too many people were trying to sell their stocks which would have crashed the market even more, so the powers that be (TPTB) just shut the whole thing down to prevent people from doing with their money and assets what they wish in light of the market carnage that preceded this over the weekend in Europe and Asia.
"Charles Schwab won't even let me log into my account," another X user complained. "Have to appreciate the flimsy infrastructure of these brokerage firms on days where it's most critical to have eyes on your portfolio and be in a position to take action that best fits your own needs."
"They solved the problem," joked another. "You cannot dump your stocks if you cannot log in."
In addition to all major U.S. brokerage firms all going offline at once to prevent retail investors from dumping their stocks, internet service platforms CenturyLink and Spectrum also reported outages at the same time as the brokerage failures, as did UPS, Lumen, and Florida Power & Light.
"They are panicking!" someone said on X about these highly convenient outages.
Has the time finally come when the U.S. financial house of cards can no longer be artificially propped up through fraud and chicanery? Find out more at Collapse.news.
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