Y2K warnings and advice for personal finances

greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread

"What we're recommending is that people take out as much cash as they would need for a long weekend," says James Chessen, chief economist for the American Bankers Association."

Guess that all depends on what the meaning of the word "long" is!


-- @ (@@@.@), March 23, 1999


I wonder how much cash the rich and famous spend each weekend? I say don't even use banks. They all act like it's their money that they are loaning it to you! Ever have a teller ask you what you plan on doing with all that money? A lot of people are going to be stuck between a rock and a hard place.

-- bardou (bardou@baloney.com), March 24, 1999.

Bardou's point is applicable to all areas of life, including y2k. That is that *you* are responsible for your life and you need to think independently. No banker or government official is going to lie awake at night worrying about what's going to happen to you individually. Bardou makes the point that it's your money. It's also your health, your family, your pet, your life.

I'm going to stay out of the banking issue, but my perspective on stockpiling is that if I heard this month's readiness reports in 1995, I'd be totally trusting. Right now it appears that govt/industry is Indiana Jones running through the tunnel with that big boulder bearing down on him. I think I'll stay out of that race given the chance. Indiana Jones made it, but this ain't Hollywood.

-- Puddintame (dit@dot.com), March 24, 1999.

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