To: Bert Zed who wrote (8743 ) 11/2/1998 8:32:00 AM From: Tech Master Respond to of 10786
Del- A post from Yahoo: ********************************************************************By: XDied4Me Date: Nov 2 1998 7:31AM EST Hi TM, Yes, the problem is known and understood by top gov't officials. They are in the slippery position of either not saying enough and people under react, or saying too much, and people over react. I see this as an admission of a very severe problem. Mr. Greenspan was a mainframe programmer. When asked about the impact of y2k upon the Fed Reserve, he simply stated the problem of y2k, it's results on data, and said ABSOLUTELY NOTHING about y2k and the Federal Reserve. It would have been a perfect opportunity to put a feather in the hat of the Feds, and he didn't do it. Why? Because there are no feathers. In the words of Mr. Greenspan, "99% compliance in the banking industry is not enough..." Japan is not compliant (the entire country), Asia is not compliant (the continent), the US Govt is not ready, etc. My belief is that in 1999, we are going to see an unraveling of the non compliant systems. We are going to see the first signs of a war zone world wide. By this time next year, stocks like ALYDAAR will be worth more than gold. My opinion. BTW, TM, do you have any programming experience? I do. And there is absolutely nothing sociological about a computer malfunction. By that I mean, it is a purely technical issue. The program does exactly what you do or do not tell it to do. Mr Greenspan knows this. It is why he is willing to allow Fed rates to go to 2%. But the truth of the matter is, there are not enough programmers to resolve the issue. Does the name 'Titanic' mean anything? Hang on, the ride will begin soon.. 425 days to 1/1/2000. In Him, TJ