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Technology Stocks : Discuss Year 2000 Issues
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To: Skeptic who wrote (530)11/25/1997 5:42:00 PM
From: Bill Ounce  Read Replies (2) of 9818
 
re: Y2K religion versus a logical approach

P.S. Maybe you thought I was questioning your credibility. I wasn't.

Posts such as
techstocks.com
will lead many to question C.K.'s credibility. Y2K looks to be a real problem. But, arrogant "Y2K Religion sermons" will convince people NOT to take this issue seriously.

Skeptics prefer an argument where one can examine the premises. You know, how about something like:

P1: International banks don't make Y2K compliance.
P2: FED shuts down transactions to these banks.
P3: International Banking ceases to function normally.
P4: No satisfactory contingiencies planned.
P5: International Trade falls apart without
--------------------------
C: World-wide economic depression

If this is valid sequence of events, one can contemplate on P1 and P4. My understanding leads me to believe in P1. I think P4 is where all the action will be. My big question is 'what contingencies are being planned for this (likely) event?'

Think a skeptical viewpoint can be used to increase understanding.
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