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Sorry to tell you this, but converting to cash will not be enough. You will
have to use gold coins. All new U.S. paper currency has a micro-chip in the
security strip. To save money the Treasury used old technology (2 digit
dates) in this chip. On Jan 1, 2000 all of this currency will scan as
counterfeit {;-)
Good luck and good trading,
Ray Raffurty
-----Original Message-----
From: Szilassy <szilassy@xxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Tuesday, October 20, 1998 6:28 PM
Subject: Re: My take on Y2K impact?
>Remember the old Rolaids question, which was always answered during their
>30-second spots? It went something like this:
>
>Commentator: "HOW DO YOU SPELL HYPE?"
>
>Satisfied customer: "I spell HYPE Y-E-A-R-2-0-0-0."
>
>Honestly though, isn't 75% a little conservative? I prognosticate that the
>markets will cease to exist. But it won't stop there. The populace will
>lose their trust in banking institutions and insurance companies - they
will
>stage a run on the banks and cancellation of all insurance premiums,
>bankrupting all banks and insurance companies, along with reinsurance
>companies, and causing even non-callable loans to be called, thereby
>bankrupting businesses and individuals en masse. Their inability to pay
>will in turn bankrupt their suppliers, which will ultimately bankrupt the
>government and result in anarchy, mass pillaging, and a return to life in
>the barren wilderness for anyone seeking a measure of safety.
>
>I suggest relocation to an uninhabited island in the South Pacific and
>conversion of all cash and securities into commodities as soon as possible,
>so that you can survive this upcoming desperate period with some measure of
>dignity.
>
>Paul
>-----Original Message-----
>From: Frank Thompson <fthompso@xxxxxxx>
>To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
>Date: Tuesday, October 20, 1998 1:41 PM
>Subject: Fw: Y2K impact?
>
>
>>I am predicting an historic downturn in the market sometime between July
>and
>>December 1999. I also believe that the ability to correct most of the
>>problems exists but I don't feel that investors will gamble with their
>>investment money. I believe that at least 75% of EVERYONE will be in cash
>>on December 31, 1999.
>>
>>Frank
>>
>>
>>-----Original Message-----
>>From: BrentinUtahsDixie <brente@xxxxxxxxxxxx>
>>To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
>>Date: Tuesday, October 20, 1998 2:30 AM
>>Subject: Re: Y2K impact?
>>
>>
>>>Although this looks impressive and I am taking some prudent precautions
>>>myself, this reminds me of the oil fires in Kuwait after the gulf war.
>Some
>>>experts said that the fires would burn for years causing tremendous
damage
>>>to the ecology of the whole planet. It was solved in less than a year as
I
>>>recall. Seems that some always underestimate man kinds resolve to get a
>job
>>>done. I don't want to get into a re-hash of this long a controversial
>>>subject but I do think that there will be some problems.
>>>
>>>Brent
>>>
>>>----------
>>>> From: Mark Jurik <mgj@xxxxxxxxxxxx>
>>>> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
>>>> Subject: Y2K impact?
>>>> Date: Monday, October 19, 1998 11:17 PM
>>>>
>>>> What effect will Y2K have on the markets?
>>>>
>>>> Here's a collection of report summaries posted elsewhere.....
>>>>
>>>> - Mark Jurik
>>>> -----------------------------------------------------------------------
-
>>>
>>>> ----------------
>>>> The Social Security Administration has 30,000,000 lines of code to fix.
>>>> Four hundred programmers have been working on the problem since 1991,
>and
>>>
>>>> had only fixed six million lines after five years of effort. The
>>>Washington
>>>> Post
>>>
>>
>>
>>
>>
>
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