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Technology Stocks : Discuss Year 2000 Issues
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To: John Mansfield who wrote (3111)1/1/1999 10:39:00 AM
From: Hawkmoon  Read Replies (2) of 9818
 
Secondly, let me say that the Federal Reserve Bank in Washington
has publicly announced -- and they did this several weeks ago --
that they are printing $50,000 million to $75,000 million extra
dollars to prepare. Because they understand people will want to
have some more cash with them.

John,

Given that there are AT LEAST 100 million single or family units in America, that should equate to about .50-.75 per person.

Mighty Generous..... <vbg>

Of course, this is a typo... The Fed is printing up $50 "B"illion extra greenbacks, as well as breaking out the $150 Billion in emergency reserves in order to augment the approx $400 Billion in current circulation.

That should be sufficient enough to give those 100 Million different households at least $5,000 per person.

Much more generous..... <vbg>

Regards,

Ron



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