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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: RagTimeBand who wrote (956)	10/29/1998 10:32:00 AM
From: Chip McVickar	Read Replies (2) of 3536

Emory, I don't know what to do with this information......? If 'everyone' in this country goes to the bank during the week of Dec 25th-31st at the same time and takes out $1,000 to tide them over the 2 weeks after Jan 1, 2000, wouldn't the banking system be insolvent. But that problem exists now On Oct 29, 1998 Everyone or Anything who deals with a bank or completes any financial transaction has a printed balance statement to define financial worth and has a paper trail to clarify holdings. That will also exist on January 3rd 2000 [maybe scrambled] Money is not going to disappear. Nor will the banks. Unless some strange "Harmonic Converagance Deletes Them" I thank you for the notification...yes I expect there will be some confusion, but the best advice in the article is don't throw out your bank statements. The IRS will still be around too. Chip

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