' 60-MINUTES TV PROGRAM & Y2K
(AG)
Dec 01, 15:24
One of the most watched TV programs during the last 25
years is UNDOUBTEDLY 60-MINUTES. On Sunday November 28,
1998 the Y2K made its Worldwide TV Debut. It was the
lead feature of the hour long show. No punches were
pulled… the Y2K was painted as having potentially
catastrophic ramifications. Following are some of the
more startling comments. These are verbatim quotes from
the program.
- More than $600 BILLON worldwide will be spent before
New Year's Eve 2000 to try to make computers Y2K
compliant. (that's Billion, not million)
- There is a 70% chance the Y2K problem will plunge the
world into a Global Recession -- per interviewee
Dr. Yardeni, Chief Economist at Deutsche Bank
- There are about 100 million computers around the world
which are inter-connected. If they are not ALL compliant
by 31 December 1999, the entire grid may be shut down.
- All public services may become affected:
Communication, Transportation (especially Air), Food
Distribution, Power, Law Enforcement, Fire-Fighting,
Water Distribution and even Hospitable Services.
(although Sanitation Services were NOT mentioned, this
writer can visualize the breakdown of garbage collection
services if all other services are immobilized -- which
would cause unimaginable public health problems).
- The fallout of the Millennium Mayhem may will give
birth to the biggest litigation movement in the history
of mankind. Lawyers' fees will soar - as litigation
damages go ballistic. We are talking Trillions in
damages.
It is an absolute certainty that as media hype about the
Y2K Bug gains momentum throughout the world, 60-MINUTES
will again pick up the baton many times before the fatal
M-Day less than 400 days away.
Without fear of exaggeration, I venture to say the
growing concern about the Millennium Menace will slowly,
but inexorably disintegrate into panic - causing havoc
in the world stock markets and all paper currencies.
gold-eagle.com |
