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To: John Hunt who wrote (23723)12/3/1998 5:59:00 AM
From: John Hunt  Respond to of 116762
 
Nick Chase's Contrarian - Y1.999K

fiendbear.com

<< Much of the focus on the Y2K problem has been on, what will happen on January 1, 2000? Though not unimportant, this has (in my opinion) given short shrift to the "pre-failures" that will begin cropping up in 1999, which is currently shaping up to be a most interesting year.

To date, most of the Y2K failures have been isolated and subtle, and (for the most part) it has taken a technologically-aware person to recognize them as such, as my own two personal Y2K-failure incidents (the "unauthorized" credit card, and bogus Amtrak refund) demonstrate. This makes sense; people working on Y2K repairs in programs will obviously have fixed first the bugs due to crop up in 1997 to 1999, so what we have seen is the occasional bug that fell through the cracks.... or the early-warning signs of unremediated systems doomed to fail.

But in 1999, the failure rate will likely increase sharply, due to (1) past programming practices, (2) the year 2000 being less than 12 calendar months away, and (3) missed deadlines. >>

I suppose if it gets bad enough, we can always pass a law that says it really is 1900 again. < ggg >




To: John Hunt who wrote (23723)12/3/1998 6:05:00 AM
From: John Hunt  Read Replies (3) | Respond to of 116762
 
Gold In A Deflationary Global Economy

Part- III ANALYZING HISTORY USING THE JASTRAM STUDY

gold-eagle.com

<< Although our own database goes back 200 years, the Jastram study is the best to use not only because it contains data back to the year 1560, but because Jastram was able to keep the basket of commodities he used consistent from 1560-1976, and because I am able to keep them constant through the present day. This is true of his study of both the English experience and the American experience beginning in the year 1800. Additionally, Jastram was able to find a constant value for gold's purchasing power to which gold returned repeatedly throughout time, both in England and in America and both on and off the gold standard. This value is called parity and was assigned a value of 100 in Jastram's Gold Price Index (to which we'll refer as GPI). ..... >>

If this link was posted earlier, I apologize in advance.