Jim Lord tells it like it is!!!

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You need to read this if your still putting off preparation.

I'll see if I can make the link work.

http://www.y2ktimebomb.com/Tip/Lord/lord9908.htm

LM

-- LM (latemarch@usa.net), February 22, 1999

Answers

Love the Editors note:

Editor's Note: Some of the recommendations in the above article represent strategies of Y2K preparation that are inconsistent with those supported by Westergaard Year 2000. With increasing evidence that Y2K will not cause as many disruptions as once believed, some of the approaches described in this article, namely leaving population centers, buying gold and silver coins, and leaving the stock market, will not be necessary and could in turn result in creating the very disruptions that they are designed to avoid.

????????!!

-- Deborah (makeup@your.mind.), February 22, 1999.


Web Site Schizophrenia?

Got Thorazine?

LM

-- LM (latemarch@usa.net), February 22, 1999.


Deborah....

I do not know what makes you such an "expert" on Y2K, but I have not seen anything today that has led me to believe that not taking my money out of the stock market is safe. I think each individual needs to make those decisions on there own.

May I ask what you do that makes you suck an expert on the subjects?

PMM

-- PMM (grute22@yahoo.com), February 22, 1999.


Sorry Deborah....

just realized that you were quoting someone else!

Please accept my utmost apology!

PMM

-- PMM (grute22@yahoo.com), February 22, 1999.


I notice that in most of the prep articles I've seen, RARELY is it suggested that you buy the two things that people will trade almost anything for; smokes and booze. Amazing. Easier to get than gold and will be worth more to most people.

-- John Galt (jgaltfla@hotmail.com), February 22, 1999.


Hmmmm "suck an expert?" That was funny...nimble fingers, and tongue in cheek.....

-- Ahhummmmm (Ahhummm@ahhummmm.com), February 22, 1999.

Date: Mon, 22 Feb 1999 20:01:54 -0800 From: AEL To: john@westergaard.com Subject: letter to the editor

To the Editor:

You wrote, on Jim Lord's recent column:

"Editor's Note: Some of the recommendations in the above article represent strategies of Y2K preparation that are inconsistent with those supported by Westergaard Year 2000. With increasing evidence that Y2K will not cause as many disruptions as once believed, some of the approaches described in this article, namely leaving population centers, buying gold and silver coins, and leaving the stock market, will not be necessary and could in turn result in creating the very disruptions that they are designed to avoid."

Well pardon me, but in what way does leaving a population center or buying gold coins "create disruption"? I suppose that the gold-buying might make for a bit of disruption in the minds of the gold shorts, but hey... them's the breaks. If they can't stand the idea of losing, they ought not to be in the casino. Heaven knows the goldbugs have taken a beating for years at the hands of the shorts and the gold-haters. Why do you not condemn the latter for "creating disruption"?

Similarly, if enough people sell their stocks, that could "create disruption" -- called a market correction or crash, which is an ever-present risk of owning stocks, and especially so when said stocks are selling at phenomenally inflated prices. Them's the breaks. If you are looking to blame the next crash on someone, forget about J Q Public trying to save his own ass, and look to the Federal Reserve -- which has done nothing but throw gas (lower interest rates) on the raging fire of the current mania.

In any case, we're talking about individuals acting rationally to avoid personal loss, not to save the world; THAT's the disruption that such actions "are designed to avoid". One's portfolio is not a public trust, it is a personal reserve.

I find it pathetic that your editorial voice has joined the growing chorus of Y2K preparation-related victim-blaming: the ridiculous idea that food supply problems will be CAUSED by people opting (quite rationally) to lay in a reserve, or that banking problems will be CAUSED by people opting (quite rationally) to remove their funds from an at-risk system and/or (heaven forfend!) invest in gold. These remarks confuse symptoms with causes, and assume that problems do not exist until individuals bring them into existence with their "panic" reactions: "The system would be OK if it weren't for the darned people!"

No. Wrong. What Y2K is bringing into focus is that the structure of the system is NOT OK, and that it is that structure that must be changed -- not the (rational, self-protective) behavior of individual victims of the system's deficiencies. As Michael Kosares (a hard-asset commentator) recently wrote of finance ministers desperately waging war on gold in an attempt to salvage failing currencies: "It is THEY who have the frantic aura. I didn't create this monetary nightmare; THEY DID". Precisely right. They did.

Would you rather us all calmly go down with a monetary Titanic in the name of not "creating disruptions"? Certainly that's what the Lords of Finance would have us do.

However, I DO appreciate your guts in publishing Lord's piece with which, obviously, you disagree.

Sincerely,

AEL

PS: You are right that there is "increasing evidence that Y2K will not cause as many disruptions as once believed". However, there is also increasing evidence that Y2K will cause MORE disruptions than once believed. The story continues to unfold in the most interesting ways.

-- AEL (AEL@AEL.COM), February 22, 1999.


Jim Lord's advice is useful.

AEL ..."However, there is also increasing evidence that Y2K will cause MORE disruptions than once believed. The story continues to unfold in the most interesting ways."

DOES IT EVER!! Continuously amazed!

Diane

-- Diane J. Squire (sacredspaces@yahoo.com), February 23, 1999.


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