MICHAEL HYATT last appearanceTONIGHT ON CHUCK HARDER

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1:51 hours into the 3-hour show of (I believe, since it's replayed)NOV 24/99 RealPlayer Audio icon, or the other if you have MICROSHOT. Listening as I type this:

He says there will be a decade of severe disruptions!Assume depression."Creeping corruption" will make things WORSE as we go forward into 1999, whereas JQP has been lulled into thinking that if all's well at 12:01 A.M. JAN. 1, then NO PROBLEMO!

Mentioning that one estimate has shown 8000 MAINFRAMES wil go T/U at rollover. I assume this is in the USA alone.

Last appearance ON ANY MEDIA UNTIL AFTER Y2K!

Criticizes Klintoon for saying "3 days", while he has a $50 Million bunker to hide out in.(But how long can he hide?)

New media poll out today says 40% will prepare by stocking up on goods.25% will take out LARGE amounts of cash, etc...So, Mike asks WHEN? IT'S TOO LATE FOR THESE PEOPLE. THERE ARE NOT ENOUGH GOODS/CASH FOR THE LATECOMERS--they will face empty shelves/ATM's.

Lambasted Y2K--the Movie as garbage.(I turned over to NFL after about the first 45 minutes--total cr**). OIL--pipeline shutdowns. 25% of members will shutdown for 8 hours or more. Expect more to announce.

CHEMICALS: Some are shutting down totally DEC.31/99 for unspecified period. Some specific BIG names mentioned.

LLOYD'S of London SILENT on Y2K(?)Only say $1TRILLION in lawsuits.

Asked by host which sector Mike thinks will trigger the public--says infrastructure(e.g. banks not giving out money, utilities out, payroll glitches).

Embedded chips explained. 50 Billion estimated w/w.7% on average use dates at all in the processing. BUT which 7%. No records! Chips are not now available as COTS--long out of production."00" will be interpreted as "OH-OH"! I'm at 2:22 into the show now, and I have to go.

-- profit of doom (doom@helltopay.ca), November 24, 1999

Answers

Those who know are preparing for the worst.

At first Y2K will be a *wash*, but afterwards the pollyannas will be taken to the cleaners!

-- dinosaur (dinosaur@williams-net.com), November 24, 1999.


POD...Can't get Chuck in this area any more. Do you know what freq. he is on on Short Wave. By the way, reading (off & on) the book on the FED that you referred me to....Your right it's a pisser offer!! Also, since you seem to be very well versed in "micro/macro economics",what's your "take" on today's action and are you currently participating in this insanity.Aways look forward to your pontifications (and great links)

-- Larry (Rampon@cyberramp.net), November 24, 1999.

http://www.forthepeople.org/satellite.htm

This will give you the satellite times/freq. and SW freq. for the FORTHE PEOPLE broadcast.

I have been listening to Chuck since 1994, and he was where I first really got the incentive to investigate the dark-side machinations of the world, not only now, but throughout history.

He is one of the VERY FEW honest, true-blue Americans standing, yet I don't believe he has ever gotten any recognition for it (wonder why?)

I am personally VERY doubtful that digital money will survive the CDC.

I do expect to see a full-blown panic in December, even(especially) by the dumbed-down masses who finally have a serious run-in with a y2k experience, of which there WILL be many come Dec. 1, as almost EVERY program out there has to look ahead at least 1 month.

If digital money disappears, it will be the QUICKEST mass-deflation in world history--Gary North had some great posts about the ratio of digital money to physical dollars, and the ratio was astounding, somewhere on the order of 100-1, or 1000-1. Someone may correct me on this, but I know that's close.

But the conundrum remains: if physical money, which is only a small amount per capita, is the only "money" left, you would have to argue that it will appreciate drastically in value. BUT, with the collapse of the infrastructure that this would imply, there also would be VERY limited foodstuffs, goods, guns, etc--basically, no more would be made/grown. SO, the cost of these items should also be expected to skyrocket!

I have yet to see any article that resolves this paradox. I do know that Dr. Ravi Batra is calling for a massive INflationary depression, but that could be more due to monetary forces(loss of confidence in the currency, hence sky-high rates needed to try to keep people invested in that currency, hence massive inflation, hence a rush out to gold).

I do have some DEC DJX index puts, expiring on DEC 16. But the amount is small, and the risk/reward is very favorable. I did not buy the Jan. puts since I was not sure that I would be able to collect even if I am right after Jan. 1/00!

One very good poster here has mentioned to watch out for the dec/jan FUTURES difference in the crude oil market to see where the pulse will be WRT Y2K fears.

The amazing thing is that all long-term technical measures show us to be in a huge BEAR market already, at least by any previous standards!. Yet, the numbers just keep falling through the floor. Take a look at the anemic pre-Turkey Day "rally" data from the NYSE today.HORRENDOUS. Yet the media gives it the great spin, due partly i am sure to the continuing Nasdaq blow-off. Most stocks have been in a bear market for 1-1/2 years now, and it will only get worse before the whole thing collapses. NEVER has the "narrow" market been this much ahead of the broad market and a BIG BEAR NOT followed. In other words, the troops will NOT catch up to the generals. Regardless of whether the DJIA does gasp out one last near-high here, it is an exhausted wave that we are seeing curling.

It would truly be fitting as a vindication of mass-psychology theory that a crash/collapse happen in DECEMBER, since No-one is saying that, and in fact they are all saying that since we got through the 3 worst months statistically-speaking, we are home free for the stretch. This is thinking that presages a BIG surprise dead ahead. Even that senile toady Greedspin is probably being slapped on the back now by Klintoon for a job well-done. PREMATURE. But then, Klintoon probably gave MOANICA the same compliment!

Take a look at the DJUA>That is a premier interest-rate sensitive index, and forms part of the classic Dow Theory buy/sell signal. It is sounding a death-knell for the Industrials.

Again, try www.wavechart.com

Inverted-flat clearly formed, (b)wave almost finished, (c) wave comes after that.Can't say more, as it is a pay-site, but for $2.50, try it! Can you sing (in "B-flat")"It's all Over But The Crying"?

-- profit of doom (doom@helltopay.ca), November 25, 1999.


And to complicate the chicken-entrail readings further, our resident family man, Mr Milne, predicted recently on this forum that y2k would bring massive INFLATION! Help, save us from the prophets.

-- Lars (lars@indy.net), November 25, 1999.

Interesting....I was listening to a guy (didn't get his name - I was driving) the other day on the radio who said that the big Y2K hit was going to be in August 2000. We would have intermittent problems starting in January, but most of the bad stuff would go unreported until it couldn't be hid anymore. That got me to remembering reading about a couple of companies that started having Y2K related problems in January of this year, and they went belly up this past September, to many people's surprise. Wish I could remember the names of those companies. Must by having a problem with my RAM.

-- PillsBury DoughBoy (pbdb98@yahoo.com), November 25, 1999.


Y2K Pro, keep beating that dead horse! Don't add anything constructive to this forum, just keep beating that JAE dead horse over and over and over.

-- Boy Scout (boyscout@beprepared.com), November 25, 1999.

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