[86748] in Cypherpunks
Re: Preparing the Remnant for the far side of the crisis
daemon@ATHENA.MIT.EDU (Jim Burnes)
Thu Sep 18 15:32:39 1997
Date: Thu, 18 Sep 1997 12:34:40 -0600 (MDT)
From: Jim Burnes <jim.burnes@ssds.com>
To: Robert Hettinga <rah@shipwright.com>
cc: cypherpunks@toad.com
In-Reply-To: <v0311070eb046c146ecf3@[139.167.130.248]>
Reply-To: Jim Burnes <jim.burnes@ssds.com>
On Thu, 18 Sep 1997, Robert Hettinga posted:
(and someone else wrote)
> >
> > In 1999, chaos will hit the financial markets, all over the world --
> >assuming that this does not happen earlier, which I do not assume. The
> >public will know the truth in 1999: THE DEFAULT ON U.S.
> >GOVERNMENT DEBT IS AT HAND. The tax man won't be able to
> >collect in 2000. The tax man will be blind. Consider how many banks
> >and money market funds are filled with T-bills and T-bonds. Consider
> >how the government will operate with the IRS completely shut down.
> >Congress hasn't thought much about this. Neither has Bill Clinton.
Two words,
"Sell Bonds!"
> "... however it may deserve respect for its usefulness and antiquity,
> [predicting the end of the world] has not been found agreeable to
> experience." -- Edward Gibbon, 'Decline and Fall of the Roman Empire'
> The e$ Home Page: http://www.shipwright.com/
Interesting juxtaposition, eh?
Jim Burnes
"How do you explain school to higher intelligence?"
Elliot to his brother in ET
