To: Jeff Mizer who wrote (9553 ) 12/29/1999 2:55:00 AM From: foobert Respond to of 9818
He may be wrong, it may be worse (for him) I read that whole article by infomagic, and here is what I think of it. In paragraph 3 he states his belief that he is looking for a complete breakdown of the global monetary system. Why? see below. He then states that in the fall of 1998 he has dropped out of the Y2K remediation scene to persue other activities. One year later he looks through his periscope and describes how in his expert professional opinion, the global prognosis is worse today than it was a year ago. He does not state where and how he got the information for this observation other than a reference to some friend in the army. Is he pessimistic? Is the Pope Catholic?? He describes the futility of even trying to do a remediation project because his estimate for the time required comes to 5 - 8 years of work. Big projects are slow, but this must be humungeous! (or he is estimating the absolute worst case) A little later he gives his opinion that it can't be fixed, not even in thirty years. So now that he has given up all hope, he comes up with a survival plan: since late 1997, he has invested exclusively in precious metals and stored them with relatives offshore. Aha! He has been buying gold north of 300, and now that the price is hovering under 300, he needs to pump it up. His whole posting comes to 25 printed pages, half of which is used to make the case for gold as the only one true currency. Finally at the end of the posting he erases hope for the 10% of us that he expects will survive by forecasting an outbreak of a pestilence of diseases and disasters. Having read this far, I was ready to slit my throat. (the horror, the horror) Thought I was finished, when I read the last few lines. There is a copyright notice so that none of us non-believers will use his writings for profit. How many people copyright their postings to an internet newsgroup?? But wait there's more - if we really want a personal autographed copy, then he wants us to send him several silver coins. Now why would we want to do that? Aren't we all doomed? And besides, who has silver coins lying around to buy his masterpieces? I will grant that there is some small probability that some of the things he looks for will happen. I also buy lottery tickets with the knowledge that there is a small probability that I will win big. In the first case, no one knows the exact probability, and in the second case it is about one chance in 14 million. The worst that can happen for him is that no one will bite at his magnificent offer, or that gold will go down even further than it is now.