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Technology Stocks : 2000: Y2K Civilized Discussion -- Ignore unavailable to you. Want to Upgrade?


To: Ken who wrote (175)8/13/1999 4:47:00 PM
From: Hawkmoon  Read Replies (1) | Respond to of 662
 
Consider banking. Banks are threatened by y2k. Depositors will draw out cash. Then the system collapses. If a business cannot pay programmers because its bank is closed, it cannot complete its y2k repairs. When it fails, the firms it supplied are trapped by production shortages. Etc.

How do we prepare for this eventuality Ken?

What should we do?




To: Ken who wrote (175)8/13/1999 4:52:00 PM
From: Hawkmoon  Respond to of 662
 
There is no precedent for a breakdown of this magnitude.

Yes there is.

It was called World War II and closely resembles the aftermath of post-war Germany and Russia.

But the real question is:

So what do we do Ken....??!!!!!!

Should WE take all my money out of the bank now? Should I sell my stocks and take the cash?? Should I buy gold??

Should WE buy an arsenal of automatic weapons and learn how to make improvised explosives??

What should WE do???