..I honestly believe that Clinton wants everyone wired up with irridium phones, not Greenspan. Anyone wanna guees what kind of "heroic" measures they plan on taking? Could it be to declare war against Russia/China? Could it be so that Clinton can inform them he is going to declare Martial Law? question...Can congress overrule the President and negate a declaration of martial law?

-- Vern (bacon17@ibm.net), December 12, 1999

Answers

Something Heroic????

Try 1) Declaring a "banking holiday" to avoid additional bank runs 2) Keeping Wall Street on Vacation to avoid a crash

Greenspan and company have already planned on what needs to be done if people freak out and panic, that's you can take to the bank.....

-- MMireles (MMireles2@hotmail.com), December 12, 1999.

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From earlier this year...

Alan Greenspan was asked his opinion of how the year two-thousand rollover might affect a typical American. His reply will have to be paraphrased...

"I think the typical American will be at home, and hear something on the radio, possibly the television, something very disturbing, I say he should try not to panic. He should try to remain calm."

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-- snooze button (alarmclock_2000@yahoo.com), December 12, 1999.

Does the President actually declare Martial Law? Or is it a military commander in the field that does that?

I'm not looking for a declaration of any Martial Law, just an announcement regarding going into a "National Emergency" situation with FEMA taking the lead. Even then, their resources will be pulled in so many directions that they'll have little control or ability to help.

*IF* things go very badly then people might want to get used to the idea of being on their own for awhile.

Mike

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-- Michael Taylor (mtdesign3@aol.com), December 12, 1999.

A declaration of emergency, FEMA in place, but also the military this year has been reorganized to be able "to work with" civilian forces domestically during any such emergency.

And so it would go...

-- (normally@ease.notnow), December 12, 1999.

yep, normally, we're thinking along the same lines

Mike

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-- Michael Taylor (mtdesign3@aol.com), December 12, 1999.

Perhaps a massive bailout of a major trading partner like China or Japan would require Congressional authorization for trillions of new orangebacks to replace the old greenback OR a declaration that all greenbacks are no longer legal tender and a cashless system is being implemented.

-- Bill P (porterwn@one.net), December 12, 1999.

They all have there iridiums---and they are waiting for the heroic words from Alan.

"don't act with irrational exuberance"

Ok Al we got it!!

-- d----- (dciinc@aol.com), December 12, 1999.

Another possible "heroic measure" might replacing the current graduated income tax with a "flat tax" or a "value added tax".

In the event that IRS crashes and is unable to properly fund government tax collection and disbursement, Congress may be asked to rush an alternative government funding procedure into action.

Since, Senator Bennett's stated that the Iridium phones were supplied by the Fed Reserve, it would appear that the "heroic measure" alluded is fiscal/finacial/monetary in nature.

-- Bill P (porterwn@one.net), December 13, 1999.