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Recommended Resources 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

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1997-09-23 12:10:02


London, 2000: A Grim Scenario



Matryn Emery's organization is studying the effects of y2k on New York City and London -- the West's financial centers. His is what I would call a mild scenario. When you read it, think of what happens in every major city on earth. It will not just be London.

Note these two: "Banks: closed 1 December 1999-24 January 2000; Stock market: closed 20 December 1999-24 January 2000." If these institutions shut down for this long, what confidence will people have in banking on January 25? Some well-funded businesses can shut down for two months -- not many, but a few. But fractional reserve banks? Stocks? The recovery will take years -- maybe decades.

What effect will such events have on people's emotions? On their faith in government?

* * * * * * *

Power supply: 75% available December 1999 and 50% January 2000

Hospitals: four weeks of emergency-only cover

Telecoms: 75% available 1-20 January 2000

Transport: 30 days disruption

Banks: closed 1 December 1999-24 January 2000

Stock market: closed 20 December 1999-24 January 2000

Education: schools closed for four weeks

Post [Office]: 10 days disruption


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