Dan,
< Now,I am serious, and you think I am kidding?>
We DO have a problem communicating ... but, you and I are actually on the SAME side of fence. You see, I knew you were serious. But, I wanted to highlight that this is a BIG, BIG problem, and what reassured you about Dick Mills' rebuttal(?), was one very small piece of the overall picture. The WHOLE picture terrifies me.
I'm glad you do take this seriously. The problem I had with Dick Mills' rebuttal(?), were his simplistic ssolutions. He's like a horse with blinders on. It's the DOMINO EFFECT that will kill us. One weak link ...... Would you believe, that I watched the Federal Reserve Bank System video over coffee yesterday AM ... and they used dominoes falling in their visual? (You don't have to be a bank director to order the FREE video!)
I'm going to break this post into two parts. This post will be the logical, analytical, researched portion. My next post will address the personal side, as it relates to me, my family, your wife and camouflage clothing!
Cheryl
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Major urban power generation stations rely on coal -- as much as 20% to 25%. The problem here is railway freight. How can the plants get delivery of coal if the railroad system goes down because of noncompliance
Then there is nuclear power, which supplies about 20% of the power generated in the United States. What if the Nuclear Regulatory Commission closes nuclear plants in ate 1999 because they are not y2k compliant. At present, they are not compliant. The NRC has sent a warning to all 107 nuclear plants. Take 20% of the nation's power off line in one day -- 40% in some regions -- and what happens to the grid?
The typical large city power plant has something in the range of 5,000 suppliers of goods and services. How will they be paid if the banks go down? Also, how will users pay the power companies? This problem must be dealt with now, not in 2000 and beyond.
The grid may not go down overnight. (Then again, it may.) The problem is erosion: the second law of thermodynamics. Things wear out. How do they supply the plants with replacement parts if the banking system is in a crisis? This is the problem of the division of labor. A banking failure threatens the grid. The failure of the grid threatens everything.
If your local power plant somehow solves these problems, what happens if others don't solve them? What if an overloaded grid shorts out? It could take down your local system. This is the coordination problem: among the local generation stations, among the regional grids, and among the suppliers.
We don't want to think about this. But the problem exists.
What I am predicting is that the fractional reserve banking system is at risk, and that government controls on banking will not help to repair that endangered system. I fear erosion: the wearing out of all complex systems and the inability of engineers to get replacement parts because of a failure in the means of payment and a contracting division of labor. If railway freight is compromised at the same time, the likelihood of power failures rises.
The above comments are made by Gary North. I totally concur.
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Links to articles from various news sources, related to utiities/power/Y2K
09-Jun-97 Solar Flares in 2000: Another Disaster Factor
garynorth.com
24-Jun-97 The Day the Power Shut Down: July 3, 1996
garynorth.com
24-Jun-97 The Vulnerable Power Grid
garynorth.com
24-Jun-97 Nuclear Regulatory Commission and Y2K
garynorth.com
24-Jun-97 A Vulnerable, Brittle System
garynorth.com
16-Jul-97 Summary of Y2K Issues Facing Nuclear Power
garynorth.com
22-Jul-97 Outsourcing Repairs? The Door Is Closing
garynorth.com
28-Jul-97 Shutdown: If 2 or More Primary Lines Go Down at Once
garynorth.com
28-Aug-97 Specialist Predicts NRC Will Shut Down Nuclear Plants in 12/99
garynorth.com
28-Aug-97 Y2K Dependent Areas of a Utilities Company That Could Tank It
garynorth.com
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