Re: Economic fun
Posted by Jurassosaurus on 20 April 1999 at 19:34:42:
In Reply to: Re: Economic fun posted by Swift Claw on 19 April 1999 at 23:54:09:
: : : : Bigger problem than a few days of no power or water. If people around the world panic and destabilize the economies by pulling out of stocks and other such things, then the fun begins. After all the economy is really based on faith as I understand it. If people lose faith in what their money is worth, then they don't invest. Interesting to see what will happen.
: : : That's why there isn't a bank in the country that would dare admit that it's bank isn't y2k compliant. And it only takes one non-compliant bank to dominoe the rest (since banks talk and transact globally with one another). : : : Plus, since most fiat money is in fractional reserve banking, it would only take about 6% of the population taking out it's money from the bank to cause a worldwide depression. : : : Now that's fun >:)
: :
: Based on that crappy/boring Channel 1 news thing our school has sold out to, stocks are on the rise, nearing an all time high, especially the internet and technology based ones. Hmmm, let me predict what will happen when people start to panic over Y2K. Especially, say, stocks involving the whole thing that started it. Smart...
: : A worldwide depression now would be more fun then the last one, more riots, looting, etc. The police would be powerless to stop rioters, besides, they might be rioting.
: : -Sunflash the Mace
:
: *eehehehe!* I always wanted to run around in one of those post-apocalyptic things! Anyone know where a 17 year old can buy a gun? ;)
: ~Swift Claw
: (MadRaptor)
Yeah, try Florida, they don't seem to mind that stuff there