Where are we really?

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

Steve Clement Juglar (respected French economist) said back in the 19th century, " the riches of nations can be measured by the violence of the crises they experience". This statement is precise. According to economist Dr. John L King , as far back as 1988, " America is about to experience the most violent crises the world has ever known, a violent response to the cessation of VITAL services". King claimed that there is no force on earth that can get us out of this, akin to the immovable object. His reasoning was the result of his RELENTLESS LIFELONG STUDY OF ECONOMIC HISTORY. He lived the 30's in the Life Insurance industry. He said the U.S Gov't survived then, barely. He doubts that they will this time. The Y2K bug was NEVER part of his argument in his book - How to Profit From the Next Great Depression. (99.5% of it details what got us into this economic disaster). NOW, add the certainty of y2k failures and tell me that people WON'T respond in a predictable way... where are we really?

-- Earl Robillard (Ejrobill@pcpostal.com), November 17, 1999


I am in the mountains, very remote, not by choice was just directed this way, glad I am here now. Think it may be safe here

-- sandy (rstyree@overland.net), November 17, 1999.

In a loosely related prediction, I talked to one of the analysts (not sales folks) at the Prudent Bear fund trying to understand how they withstood yesterday's big spike with zero loss (rather amazing), and got an interesting DOW prediction...400. Y2K not included. What's he know? I have no idea, but it was curious to say the least.

-- Dave (aaa@aaa.com), November 17, 1999.

Dave: I sure hope you meant 4,000

-- Arnie Rimmer (Arnie_Rimmer@usa.net), November 17, 1999.

woops, delete the first word "Steve". My error I guess.


-- Earl Robillard (Ejrobill@pcpostal.com), November 17, 1999.

>" America is about to >experience the most violent crises the world has ever known, a violent >response to the cessation of VITAL services".

I am haunted by Chuck Lanzas' observation that inspite of a massive campaign encouraging people to prepare for emergencies MORE arrived dependent on the "Gobmint" for their basic needs.

Most who are unprepared will learn painfully that no one is going to feed, water and change their newspapers. Yes, it will be a violent crises and still no one is going to feed, water and change their newspapers.

-- Paula (chowbabe@pacbell.net), November 17, 1999.

Nope. 400 was not a typo. Course, I don't agree with him either.

-- Dave (aaa@aaa.com), November 18, 1999.

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