Make your own free website on Tripod.com
Recommended Resources
Cyberhaven.com Offshore havens, asset protection, global investing and other useful techniques.
The Year 2000 Bookshelf Books to help your evaluate the Y2K problems you face.

Gary North's Y2K Links and Forums - Mirror

Summary and Comments

(feel free to mail this page)


Category: 

Telecommunications

Date: 

1998-04-30 08:37:32

Subject: 

FED Official Warns of Telecom Failure

  Link:

http://www.techweb.com/wire/story/TWB19980428S0024

Comment: 

Federal Reserve Board member Edward Kelley, Jr., warned a Senate committee that the nation's telecommunications firms are at risk.

If he's correct, then the economy is at risk. The entire civilization is also at risk. Without telecommunications, there would be a collapse. Only the power grid is more important than telecommunications.

This is from TECH WEB NEWS (April 28).

* * * * * * * *

If telecommunications networks, utility companies, or other large banks fail during the date change, the Federal Reserve's ability to process the nation's checks and distribute currency could be impaired.

Kelley said he was particularly concerned about how ready telecom companies are for 2000. "They have been very tight with providing information, especially on the testing of interconnectivity between systems," he said.

Link: 

http://www.techweb.com/wire/story/TWB19980428S0024

Return to Category: Telecommunications

Return to Main Categories

Return to Home Page