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Technology Stocks : Discuss Year 2000 Issues -- Ignore unavailable to you. Want to Upgrade?

To: John Hunt who wrote (7192)	7/25/1999 7:38:00 PM
From: Ken	Read Replies (1) \| Respond to of 9818

<fill the strategic reserve> John, not workable; any amount added in time will be totally inadequate to meet normal/or less, needs. I have seen documents as well as reports by oil-related insiders (at least some have to be authentic) that paint the gloomiest picture of all relating to serious oil disruptions/stoppages, perhaps lasting up to a year...or? There are about 9 layers from oil pumping to oil at the pumps/utility plants; Any one of these seriously disrupted can/will cause oil to be substantially reduced/unavailable here. I have seen NO confirmable reports to indicate ANY ONE OF THESE links will operate flawlessly, much less all nine or so of them. These reports indicate very serious problems, some unsolveable, others that probably could not be solved even with 5 more years available. Would I buy a new car after what I have read? Ha! Remember the 70s pics of masses of chinese on bikes? Expect that here also for a long, long time. Remember also that individuals will have last priority for any available gas.

To: John Hunt who wrote (7192)	7/25/1999 7:51:00 PM
From: Lane3	Read Replies (3) \| Respond to of 9818

I do run a rudimentary form of JIT on my pantry. I grocery shop almost every day, sometimes more than once a day. Never know what I'm going to be in the mood for. :) I read through a lot of posts and linked articles and my overall impression was that that "a bunker in Montana" was proportional to one end of the risk range being advocated. If all we're talking about is 4 days worth of water, I retract my concerns. Re: printing money, I recently read a very cogent argument about that either in the Journal or the Post, I think. My brain has a habit of storing only the bottom line and dispatching the supporting detail. I'll try to find or reconstruct it. Karen

To: John Hunt who wrote (7192)	7/25/1999 9:31:00 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 9818

Why is it a problem for the Treasury to print more money? ... They have already managed to print enough of it to wash the world in US currency. Come one John... surely you can distinquish between electronic currency and actual greenbacks. The Fed says that they are going to print an extra $50 billion in "cash" (which I understand they are FINALLY thinking about increasing). There is currenly about $250-300 billion in actual cash (according to figures I heard last year) in circulation around the world, most of it held or used overseas. There is an emergency reserve of some $150 billion locked in Reserve vaults. So the grand total is $500 billion available, which I personally feel is inadequate. But the unknown variable is the amount of currency that is not being destroyed in the normal process of wear and tear. I understand that they will be maintain that old currency in circulation longer as well, which could add several hundred more billions of dollars in greenbacks to the system. Now the question is with all of that cash finding its way on the street, is that impacting the Fed's decisions to drain liquidity from the money supply?? But again, printing money electronically is not the same as printing physical proxies for that electronic currency. Regards, Ron