I'll keep this short.
As an engineer I am trained to analyze systems. Here is why Y2K immediately got my attention:
-Involving all complex, world wide, interconnected systems with countless hardware, software, and embedded system nodes.
-Involving all small scale stand alone systems and nodes.
-Random probability of some node failures as a function of time.
-Potential chaotic cascade failure from a single node failure.
-Potential multiple system failures in a short period of time.
-Potential to cause major disruptions.
-Not enough time to repair all systems.
-Reported by many independent sources.
All of this is far in excess of any original system design or risk analysis, or any standard operating procedure. There is simply no precedent for this kind of threat.
Much is being done, but not enough. Many are ignorant. Hyperbolic statements are made. Some are taking advantage. Everything will not fail at once. Most systems may not fail. The public will wake up and over-react.
Yet the threat is real
and logical
and is not a hoax
by one or two opportunists.
I have no comment on stocks or investments. I am taking what I consider to be prudent action, including pulling out my 401K. I will grant as some wish and not waste any more time on these threads. Stock jockeys must understand all that affects the market, including us bottom feeding consumers. Some of you guys are so in-bread in your ravenous pursuit of the market, that you have lost touch with the bigger picture, and us who don't know how and don't want to play the game. You really live in a different world, yet here we are, unwilling partners in a grand experiment.
P.S.
I tried out SI to say thanks for the threads, my month is almost up. I posted a comment, only to be lynched as a 'survivalist-looney-biblethumper' by Mr. Wexler and told to 'go farm pigs' by Jumper (a real gentleman). Mr. Wexler makes many very intelligent contributions to the SI threads. It is too bad he has to respond with insults to anyone with a different point of view. Such negativity only causes bad feelings and is a waste of time...
>>>
Interesting that the survivalist-looney-biblethumper contingent has picked up on the Y2K hoax.
This doesn't surprise me at all though. You can always count on the most ignorant and illiterate segments of society to blow the mundane out of all proportion.
Bill Wexler
<<<<
...Don't belive me? Then take a vote. How many SI members think Mr. Wexler is a JERK!
Thanks,
If nothing else, it was a learning experience.
James |
