Your bank has only a little cash in it. Whatever you've deposited has been loaned out. You have been promised that you can draw out all of your money at any time. The banker assumes that you won't do this, and if you do, some other depositor will put in about as much money.

Sometime between now and June, 2000 -- probably in July, 1999 -- this assumption will die, all over the world. When depositors see that their money may disappear in the scrambling of the banks' computers, they will go down and demand payment in cash. On that day, the mother of all bank runs will begin. It will spread to every bank on earth.

That day will be written up in history textbooks for the next thousand years, minimum. It will mark the end of an experiment in central banking that began in 1694 with the founding of the Bank of England.

The run may not start in the United States. It could well start in Japan. Japanese housewives control the pool of investment money in Japan. If they think their families' capital is at risk, they will very politely go down and get cash. Japanese banks use U.S.-built mainframe computers with the Millennium Bug built in.

The banking system provides us with our means of payment. We don't use gold and silver coins any more to buy and sell. We use credit instruments. These refer back to entries in computers. But what if those entries were increasingly incorrect? We could see bank runs as people convert to cash. That would call the entire banking system into question. Interest rates would get astronomical in any move to cash. Banks would have to offer high rates to lure back depositors. In a worldwide move to cash, the word "recession" would not do justice to the economic effects.

Small, local banks keep their overnight deposits in the large money center banks. So, if the big banks go down, so will the small ones. The banking system is a system. Distrust of the big banks, from New York to Japan, will spread to all the others. No bank will be immune.

Bank runs could destroy the existing means of payment. The inverted pyramid of bank credit could topple. If the means of payment breaks down, the division of labor breaks down. This would move us from the economy of 2000 to 1900 -- just as mainframe computers will be reading 2000! The huge population increase of the 20th century would be threatened with reversal. The division of labor has made this increase possible. Life in a large city would become very difficult. Riots would be likely.

It's unthinkable. But if the banks really do go down, it could happen. What will we use for money in the year 2000 if they do go under?

But is the banking system really this vulnerable? Yes. Will anyone in authority admit this? Are you kidding? Do most people believe there's a problem? Not in 1997. Maybe they won't in 1998. In 1999, it will be widely believed. In 1999 or 2000, it will come true. The widespread belief that the banks could go down will bring them down.

What can the world's central banks do to stem the panic? First, they can get their governments to limit cash withdrawals by law. Then they can print paper money. If they do either or both, this will end men's faith in the banking system and the capital markets based on it. Capital markets will collapse in a wave of selling, while consumer goods prices denominated in paper money will soar.

We will see a breakdown in money payments. The social division of labor will collapse as a result. Unemployment will soar to levels never seen in the Great Depression. Computer-denominated wealth will disappear. There will be no giant sucking sound, as Ross Perot has put it. There will be the sound of wailing and gnashing of teeth.

All modern governments rest on banks. Without the banks, tax collection stops. The national tax collectors cannot come and take a percentage of your garden. Governments will not be able to pay money out or take money in. Banks are the heart of the tax and payments system, and fractional reserve banking as a system will not survive the year 2000.

The end of the fractional reserve banking system and the nation state is imminent. Plan ahead.

Of course, this sounds crackpotty today. So does the idea that not putting "19" or "20" in a century slot could shut down a computer. But it can. It will.

Think about it. How will you get paid in the year 2000? I am making my personal plans on this assumption: I won't be paid.

When the computers see 00, they will think it's 1900. Within a few months after the rollover, economically speaking, it may be.

(Other categories: "Stock Market," "Government," "Domino Effect.")

Updated -	Subject
20-Mar-97	America's Two Largest Banks: How Vulnerable?
05-May-97	New York FED Warns Banks: Repaired and Tested by Dec. 1998
17-May-97	Credit Cards: 00 Date Cards Rejected (Expired)
17-May-97	The European Banks' Biggest Threat
17-May-97	Regulators Are Quietly Beginning to Panic
17-May-97	The Banks' Enormous Task Outlined by the FED
17-May-97	The Magnitude of the Repair Task: Step One
20-May-97	Why the Banks Will Fail: Data Corruption vs. Lock-Out
21-May-97	When the Banks' Clocks Fail: 22 Aug. 1999
29-May-97	State Banks: Almost Nothing Has Been Done
05-Jun-97	European Banks: The Euro vs. Y2K => Breakdown
26-Jun-97	Euro Currency vs. Y2K Repair: Programmer Shortage
26-Jun-97	The Euro Conversion: Another $100 Billion in Costs
09-Jul-97	Why Your Bank's Math Won't Add Up in 2000
11-Jul-97	At Least 90% of Banks/Securities Firms Are Noncompliant
12-Jul-97	Compliant Banks [Ha!] Dare Not Absorb Noncompliant Ones
15-Jul-97	Banker Tells Senators: Everything Is At Risk and Late
15-Jul-97	"Optimistic" Lawyer Describes the Horrfying Risks
16-Jul-97	Senator D'Amato Spells Out the Risks for the Public
21-Jul-97	A Terrifying Task, Says Banker
21-Jul-97	Fedwire: $220 Trillion a Year Passes Through It
28-Jul-97	Japanese Banks: Just Getting Started
05-Aug-97	The Federal Reserve: Way Behind
06-Aug-97	Updated PC Software Will Solve the FED's Problem (How?)
06-Aug-97	FED Announces: Only 98% of the Job to Go!
06-Aug-97	Sorry: No Warranty Available, Says the Fed
06-Aug-97	Bank Vaults: Another Fine Mess!
06-Aug-97	The FED's Contingency Plan: Print Money!
06-Aug-97	All Must Be Compliant, Or Else None Is Safe
06-Aug-97	Six Major Internal Risks to Every Bank
06-Aug-97	Three Major External Risks to Every Bank
06-Aug-97	Noncompliant Borrowers: Down Go the Banks
06-Aug-97	Credit Unions: Software Vendors Will Save Them!
06-Aug-97	S&L's: Maybe 97% to Go, but Maybe More
06-Aug-97	Why Y2K Is Like VD, Only Worse
06-Aug-97	A Gigantic Confidence Game Is About to End
06-Aug-97	Medium Size Banks Are Woefully Unprepared
06-Aug-97	The FED Has Barely Begun Its Own Repair, Admits FED
07-Aug-97	Charge Cards Are Starting to Fail
26-Aug-97	Credit Cards Compliant?
29-Aug-97	Banker Warns: Lines of Code vs. Lines of Credit
09-Sep-97	The Bank of International Settlements Issues Y2K Warning
09-Sep-97	Banks Must Prepare for Shutdown of Services, BIS Warns
17-Sep-97	Visa: Not Quite Ready for Prime Time
18-Sep-97	Small U.S. Banks Lag Behind
23-Sep-97	NY FED President Says a Major Y2K Crisis Is Looming
23-Sep-97	Coordinating the Repairs of Every Bank
25-Sep-97	International Bank Wire Transfers: Noncompliant S.W.I.F.T.
30-Sep-97	VISA's Problem: Noncompliant Banks
01-Oct-97	VISA's Problem: Its Vendors and Partners
07-Oct-97	If 10% of the Banks Go Down, The Banking System Dies
08-Oct-97	Latin American Banks (and Everything Else)
09-Oct-97	Bank of Boston: 60 Million Lines of Code
21-Oct-97	Hong Kong Bank Issues Warning: No Compliance, No Loan
22-Oct-97	Mortgage Data Firm Faces Deadline Problem
22-Oct-97	Japan's Financial Structure: Little Awareness
22-Oct-97	Greek Banks Say, No Problem!
22-Oct-97	A Catastrophe Is Possible, Warns Comptroller of the Currency
22-Oct-97	The FED Will Not Certify Y2K Compliant Banks
22-Oct-97	Senator Calls for Laws Exempting Some Banks from Y2K Litigation
23-Oct-97	Euro Creates Nightmare Programming Problem
23-Oct-97	Euro Currency Costs in Europe: $150b, Says IBM
24-Oct-97	Letter from New Zealand Bank to Its Corporate Debtors
27-Oct-97	Bank for International Settlements' Warning (Sept. 1997)
27-Oct-97	As Serious as a Heart Attack
27-Oct-97	Cautious Optimism in North Carolina
30-Oct-97	Japan's Banks Are in Trouble Even Without Y2K
30-Oct-97	Australian Banks Are Doing Very Little About Y2K
04-Nov-97	VISA: Problems in Great Britain
05-Nov-97	New Zealand Central Bank: Plenty of Cash Printed Up for 2000
08-Nov-97	Bank of Japan Refuses to Discuss Y2K, Warns Management Firm
10-Nov-97	Some Senior Programmers Plan to Pull Their Money Out of Banks
10-Nov-97	It's Not Just Mainframes; It's PC's and Software, Too.
10-Nov-97	Bank of Boston: #1 Bank in Y2K Field Has Big Problems
11-Nov-97	Novell's CEO Warns About the Euro: It's Making Y2K Worse
17-Nov-97	House Banking Committee Chairman Sounds Y2K Alarm
17-Nov-97	FED: 90 Million Lines of Code
17-Nov-97	Comptroller of the Currency Warns About the Corrupt Data Problem
17-Nov-97	Citibank Warns: Disaster-Recovery Planning Is Needed
17-Nov-97	EDS, which Supplies the Banks with Software, Is Not Compliant
17-Nov-97	Gartner Group Assesses US Banking: Pervasive Problems
18-Nov-97	Greenspan Says Banks Need 100% Y2K Compliance: 99% Will Not Do
19-Nov-97	Tremendous Risks of Disruption, Says Bank for International Settlements
19-Nov-97	FED May Bar Transactions With Foreign Banks in 2000
19-Nov-97	Obscure Georgia Bank Slammed by FED for Noncompliance
20-Nov-97	Banker Warns of Weak Links in System
20-Nov-97	Maximum Risk: Big Banks or Small Banks?
24-Nov-97	Typical Irish Bank: 30,000 Programs, 30 Million Lines of Code
02-Dec-97	The Domino Effect in International Banking
02-Dec-97	FED Has 175 Full-Time Programmers, Needs 500 to 1,000 Temps
02-Dec-97	Local Banks Remain Blind, Says Y2K Consultant
03-Dec-97	Greenspan Warns About Japan's Banks -- Pre-Y2K
05-Dec-97	Chase Manhattan's Contaminated Data Problem
05-Dec-97	Foreign Banks Have Barely Begun Y2K Repairs
11-Dec-97	FDIC: Only 95% to Go!
12-Dec-97	Banks Must Have a Plan Completed Soon, Says Federal Reserve
27-Dec-97	FED Official Warns of World Economic Disaster
31-Dec-97	98% Accuracy Will Not Suffice, Says Banker
05-Jan-98	Credit Card Woes: Local Terminals
06-Jan-98	The Most Advanced US Bank: Not Nearly Compliant
09-Jan-98	Chase Manhattan Discovers 1988 PC's Running Some Operations
12-Jan-98	Language of Bank Disaster in Financial Press
13-Jan-98	Credit Cards Are Being Rejected for 00 Date
13-Jan-98	Australian Banks Have Barely Begun
13-Jan-98	"What's Going On?" Asks Bank for International Settlements
14-Jan-98	Regulators Warn Banks: Get Contingency Plans Ready!
14-Jan-98	Canadian Bank Official Warns of World Economic Crisis
17-Jan-98	Prediction: Breakdown in International Currency Markets
17-Jan-98	Bank Holiday: One Day Only (We Promise!)
19-Jan-98	BUSINESS WEEK says: Too Late for Small Banks
23-Jan-98	Smith Barney Deposits $19 Million into Each Client's Account
04-Feb-98	Bank of Hawaii: 170 Software Vendors, Plus Noncompliant PC's
06-Feb-98	Misleading Headline: 98% of Banks Are Compliant
09-Feb-98	Europe's Banks Will Not Delay Euro in 1999
10-Feb-98	Lawmakers Warn of Banking Chaos. It May Be Too Late.
11-Feb-98	Euro Programming Task: 5 to 6 Times More Complex Than Y2K
11-Feb-98	The FDIC Doesn't Know What's Going On, Government Report Says
11-Feb-98	FDIC Hasn't Met Its Own Y2K Deadline Standards
13-Feb-98	Federal Reserve Warns of Dire Consequences
13-Feb-98	Federal Reserve Vows to Begin Testing in July
16-Feb-98	FDIC Attorney Warns: All the Banks Must Be Compliant
17-Feb-98	EMU Deadline: Impossible, Says Y2K Expert
18-Feb-98	Banker's Warning: Breakdown of Payments System
20-Feb-98	FDIC Must Audit 40 Banks a Day
20-Feb-98	BUSINESS WEEK on Y2K and Banking: Small Banks Are in Danger
23-Feb-98	Saudi Bank Conference on Y2K
24-Feb-98	Delay Euro, says Robin Guenier, Britain's Y2K Campainer
26-Feb-98	Greenspan Warns of Trouble Ahead for Banks
27-Feb-98	Will Asian Banks Make It to the Year 2000?
27-Feb-98	Ex-Programmer Greenspan Admits: Y2K Is a Difficult Problem
28-Feb-98	New York Official Says New York Banks Will Make It
28-Feb-98	California Banker Is Fairly Forthright About the Risks
28-Feb-98	Latest Update on Y2K from Royal Bank of Canada (1996)
09-Mar-98	Philadelphia's Last Large Local Bank Sells: Y2K Problem
10-Mar-98	Citicorp's Bill: $600 Million
11-Mar-98	Yardeni Reports: It's Worse Than We Thought
11-Mar-98	Ex-Programmer Warns About Asia's Lack of Awareness
11-Mar-98	British Bankers Warn of Breakdown in Payments
13-Mar-98	The Party Line: Big Banks, OK; Small Banks, Beware
20-Mar-98	Japan's Fiscal Year: April 1 (Canada's, New York State's)
21-Mar-98	British Regulator: We Will Shut Down Noncompliant Banks
21-Mar-98	Sen. Bennett Says That FED Will Print Money
21-Mar-98	Federal Reserve Short-Changes Banks on Their Y2K Efforts
21-Mar-98	I'll Bet You Didn't Get Invited!!!
06-Apr-98	FED Says 90% of Bank Assets Are Electronic
06-Apr-98	FED Says, It's a Matter of Institutional Survival
06-Apr-98	The Threat to the Mortgage Industry
06-Apr-98	The Most Compliant Large US Bank Isn't Compliant
06-Apr-98	Sell Your Home, Buy Gold, Stockpile Cash, Says British Banker
07-Apr-98	Government Document: No Hope, But in Bureaucratese
07-Apr-98	International Bank Wire Transfer System: Test in July, 1999
07-Apr-98	Australian Banks: Many Have Barely Begun the Repairs
07-Apr-98	90% of US Banks Rely on External Vendors for Their Data Processing
07-Apr-98	Chase Manhattan: Not Yet at Code Remediation Phase
09-Apr-98	International Banking Conference on Y2K: Crisis Mode
09-Apr-98	Bank for International Settlements: Press Release on Y2K
09-Apr-98	Yardeni's Speech to the BIS: Worldwide Crisis Looms
13-Apr-98	Bankers Report That the Industry Is Not Close to Compliance
15-Apr-98	It's Your Money for Now. Not in 2000.
15-Apr-98	Bank Mergers and Y2K
15-Apr-98	Greenspan: U.S. Banks Are Kind of OK; Europe's Aren't
15-Apr-98	FDIC (Noncompliant) Issues a Deadline for Banks: June, 1999
15-Apr-98	Bank of America's Promise: Testing Will Begin on 12/31/98
16-Apr-98	Why U.S. Banks Cannot Possibly Make It
17-Apr-98	Unplugging Noncompliant Banks: The Dilemma
24-Apr-98	Bank Holiday in Great Britain: December 31, 1999
24-Apr-98	Dates for You to Contact Your Bank
28-Apr-98	Japan Will Melt, Says Peter de Jager
29-Apr-98	BankBoston Prepares Contingency Plans
30-Apr-98	FED Will Spend $100 Million to Get Compliant (Real Soon Now)
30-Apr-98	Beyond Repair: Siam Bank Finds 3/4 of Its Systems at Risk
01-May-98	Banker Warns of a Collapse in the Financial Services Industry
01-May-98	Official Contingency Plan: Buy Compliant Software . . . Later
01-May-98	FED's Kelley Warns of Major Consequences of Y2K Repair Failure
02-May-98	80% of U.S. Banks Are Dependent on Software Vendors; No Contingency Plans in Case Vendors Fail to Deliver
04-May-98	10% of U.S. Banks Won't Make It, Says FED Advisor
04-May-98	FED Promise: Testing Will Begin in June, 1998
09-May-98	Banks to Begin Testing on June 29
11-May-98	Japanese Banks Have Barely Begun Y2K Efforts
11-May-98	Japan's Housewives Have Begun the Bank Run
14-May-98	Australian Banks to Begin Testing This October
18-May-98	Some U.S. Banks Are Only Now Considering Y2K
18-May-98	Beirut: Another Disaster in the Making
21-May-98	49 Japanese Banks: $249 Million for Y2K, Total
22-May-98	Australian Banks at Risk
22-May-98	Moody's Issues Warning on Japanese Banks
23-May-98	27 Philippine Banks Are Now Compliant . . . Soon
25-May-98	Bank of America: $350 Million Budgeted
28-May-98	Contingency Plans Ordered by Federal Government
28-May-98	Government Tells Banks to Level With Their Customers. Real Soon.
29-May-98	German Central Bank Pushes Banks Into Awareness Phase
31-May-98	Chase Manhattan Executive Says Y2K Has Many Advantages
02-Jun-98	Japan Faces Disaster: Chamber of Commerce, Japan
02-Jun-98	Japan's Banks Could Precipitate Crisis
02-Jun-98	FDIC (Noncompliant) Says Most U.S. Banks Are Making Progress
08-Jun-98	Bank of Japan's Checklist for 2000 (Aug. 19, 1997)
09-Jun-98	Canada's TD Bank: Assessment Stage
09-Jun-98	Analyst Says Y2K No Threat to Banks or Stock Market
12-Jun-98	The Bank of Montreal Will Finish Its Code Repair On. . . .
12-Jun-98	Bank of England Says a Catastrophe Is Possible
12-Jun-98	Banks Are Prohibited from Revealing Much
12-Jun-98	25% Say They Would Make a Run on the Banks
17-Oct-98	NationsBank, Nation's Largest, Is Not Compliant
17-Oct-98	Mortgage Foreclosure in 2000: Unlikely
17-Oct-98	Top-Rated First Tennessee Bank: Compliant by December 31, 1998
17-Oct-98	Japanese Banks: Latest Survey, August, 1997
17-Oct-98	Washington Mutual Bank Is in Assessment Phase (Maybe)
19-Oct-98	New York FED President Warns on Y2K
19-Oct-98	No Problem With Banks or Stock Brokerage Firms, Say Bankers and Stock Brokers
21-Oct-98	Banker Says Your Money Will Be There in 2000
22-Oct-98	Weiss Reports That 12% of Banks Are Behind; North Says It's 100%
22-Oct-98	Lawyer Recommends FDIC Letter Warning of Bank Runs
27-Oct-98	A Near Miracle in Philippines
28-Oct-98	Global Deflation: The Context of the 1999 Banking Panic
29-Oct-98	Credit Union Managers Fear Forced Mergers
29-Oct-98	Fractional Reserves? Shared Data? No Problem!
30-Oct-98	FED's Point Man on Y2K Now Says No Big Problem!
31-Oct-98	Greenspan Warns Congress of Fragile Markets
02-Nov-98	U.S. Savings Rate Goes Negative for First Time Since 1933
03-Nov-98	Gartner Group Says No Big Problem
03-Nov-98	World Bank's Y2K Tool Kit Is Just About Ready. Soon!
03-Nov-98	Bank of Canada Announces the Printing of Currency
03-Nov-98	Running Low on Those Who Bail Out the Banks: G-7 Nations
03-Nov-98	Fantasy Land in Asia: No More Y2K Problem!
03-Nov-98	Gold Coin Sales Skyrocket
11-Nov-98	Mortgage Insurance Company Achieves Compliance
14-Nov-98	Fedwire Is Compliant, We're Told. What About S.W.I.F.T.?
16-Nov-98	J. P. Morgan Will Finish by December 31, 1998
17-Nov-98	$28 Trillion in Derivatives in Insured U.S. Banks
17-Nov-98	The Ticking Clock on The Euro: No Way to Meet the Deadline
18-Nov-98	Wells Fargo/Norwest Merger: 3 Years to Get Computers Merged
19-Nov-98	Large U.S. Banks Raise Y2K Expenditure Estimates
20-Nov-98	We're A-OK, Banking Industry PR People Say; Trust Your Money to Us.
21-Nov-98	Bankers Begin to Worry About Bank Runs in 1999
23-Nov-98	Bank Learns Its Lesson: It Responded to Weiss's Survey
23-Nov-98	A Proposed Anti-Foreclosure Law
23-Nov-98	December, 1999 Comex Gold Option: 3.2 Million Ounces
23-Nov-98	No Big Problem, Say Bankers
23-Nov-98	Banks Will Be Asked to Monitor Depositors' Profiles in 1999
24-Nov-98	Bank Runs Could Be Precipitated by Small Businesses
25-Nov-98	Pastor-Programmer Forms Anti-Monitoring Campaign
25-Nov-98	Denmark's Central Bank Builds Up a Currency Hoard
25-Nov-98	Large Irish Bank Skips Over Some Major Issues
25-Nov-98	Big Increase in Banks' Estimated Y2K Costs
28-Nov-98	Recalling Congressman Leach's 1997 Timetable: A Year Has Gone By
30-Nov-98	Programmers Begin to Plan for Bank Runs
01-Dec-98	New Zealand's Banks Prepare a Spring Anti-Bank Run Campaign
01-Dec-98	Britain to Prepare a Spring Anti-Bank Run Campaign
02-Dec-98	Capers Jones' Estimates on U.S. Y2K/Eurocurrency Failures
03-Dec-98	Japan's Largest 19 Banks Plan to Spend $1 Billion, Total
04-Dec-98	Get Lots of Cash in Late 1999, Computer Expert Tells Businessmen
07-Dec-98	The FDIC's Description of Its Proposed Know Your Customer Regulation
07-Dec-98	Bank Consolidation: Forcing Small Banks to Sell to Big Banks
08-Dec-98	Privacy's Pearl Harbor Day: FDIC and FED Post Proposed Regulations
08-Dec-98	Gold, Cash After January 1, 1999: Know Your Customer
08-Dec-98	Know Your Customer: Office of Thrift Supervision
08-Dec-98	Federal Reserve Publishes Proposed Regulation in Federal Register
14-Dec-98	Interest Rate Surge in December 1999 Futures Market
14-Dec-98	Bank Regulators Receive Protests over Privacy Invasion
15-Dec-98	Australia's Central Bank Fears Bank Runs
16-Dec-98	Canadian Bank Economist Says Y2K Will Lower the Growth Rate Slightly in 2000
17-Dec-98	The Second Tiny, Obscure Bank Is Targeted
18-Dec-98	Australia's Senior Central Banker Is Mute on Currency Plans
19-Dec-98	Sen. Bennett Says That the ATMs Will Work
19-Dec-98	India's Central Bank Extends Compliance Deadline to March 30
21-Dec-98	Citibank Official Tells Rural Residents of Big Trouble Coming
21-Dec-98	Wife of Worth Author Kicks Him into Action: Preparations Begun
21-Dec-98	Judy Shelton Strikes Again: Money Meltdown Warning
21-Dec-98	Estimated Expected Y2K Expenditures of 100 Largest U.S. Banks
22-Dec-98	The Rule in Japan: Do Not Make Trouble
23-Dec-98	U.S. Government Publishes Contingency Plans for Banks
23-Dec-98	Alabama Banks Will Be Compliant in Just 10 Days. Really!
24-Dec-98	FED Changes the Rules: More Liquidity in Late 1999
24-Dec-98	Credit Unions Make Plans for Y2K Bank Runs
25-Dec-98	Swiss Banking: Few Wire Transfers, 12/31/99 to 1/3/00
30-Dec-98	Euro vs. Y2K: Financial Deadline Is Monday, Jan. 4
30-Dec-98	Latest Y2K Press Release from the BIS: July, 1998
30-Dec-98	Israeli Banks to Spend $100 Million on Y2K -- Just Beginning
30-Dec-98	International Bank Wire Transfer: One Day to Deadline
02-Jan-99	The FED and Telecommunications: They're Working on It
04-Jan-99	Smart Cards Flop in Popularity Contest
05-Jan-99	Bankers Fear Y2K Bank Runs
05-Jan-99	Wachovia Misses 12/31/98 Deadline; Now Promises March 31
05-Jan-99	A Lawyer Responds to the Know Your Customer Proposal
13-Jan-99	Half of Those Polled Expect a Banking Crisis
13-Jan-99	Poll Says 20% Plan to Withdraw All Their Cash; Half Expect Bank Problems
14-Jan-99	Wells Fargo: Y2K? What's That?
14-Jan-99	Banks Adopt Similar Language to Avoid Liability
15-Jan-99	Australia's Central Banker Fears Bank Runs, Calls for Education
16-Jan-99	Piggy and the Banks: A Fairy Tale for 1999
20-Jan-99	Investment Community Ignores Re-Monetization of Gold and Silver Coins
21-Jan-99	Y2K Will Shave 0.2% off Growth in 2000, Says FED Officer
21-Jan-99	British Banks Refuse to Pledge Y2K Compliance
22-Jan-99	FED Recommends a Campaign to Forestall Hoarding of Currency
23-Jan-99	Denver Post Columnist Grows Suspicious of Banks
23-Jan-99	Y2K Programmers Could Built a Back Door into Your Bank
23-Jan-99	Politicians Would Rather Risk Your Life Than Risk Causing a Bank Run
26-Jan-99	20% Say They Will Pull Currency Out of Banks
27-Jan-99	Why Restricted Euro Success Tells Us Little About Y2K
28-Jan-99	16% Say They Will Pull All of Their Money Out of the Bank
01-Feb-99	India's Banking System at Risk: 79% Noncompliant
01-Feb-99	The Sacrosant Institution: Brazil Leads the Way
01-Feb-99	Dec. 31, 1998 Has Caught Up With Australia's Financial Institutions
01-Feb-99	International Bank Rating Group Decides Not to Publicize Y2K Compliance
03-Feb-99	Huge Canadian Bank Promised Great Things Last November
04-Feb-99	ZD Net Bank Run Survey
06-Feb-99	GTE Recommends Pulling Cash Out of Banks. Bankers Go Ballistic.
08-Feb-99	Capital Flight Out of Third World Banks Next Summer
08-Feb-99	Central Banks' Y2K Web Sites
09-Feb-99	Bank of America Hires PR Firm to Deal with Y2K
09-Feb-99	The Euro Conversion Isn't Going As Smoothly as the U.S. Press Indicates
10-Feb-99	Panic Gold Coin Buying Has Begun, but Armstrong Remains Bearish on Gold
11-Feb-99	Banking Site to Help Bankers: Y2K Page Is Highly Revealing
11-Feb-99	FED Will Be Compliant on (You Guessed It) April 1, 1999
12-Feb-99	One-Third of Responding U.S. Banks Admit Missing the December 31 Deadline
12-Feb-99	Art Bell and the Gold Rush of '99
15-Feb-99	Why Banks Will Not Be Able to Foreclose
16-Feb-99	British Banks Add to Currency by 33% in Preparation for Y2K
16-Feb-99	Your Money Is Safe, Says (Noncompliant) FDIC
17-Feb-99	We Can Print More Money Than Americans Can Withdraw -- Koskinen
19-Feb-99	Sen. Gramm Says Texas Banks Will Be Fine
22-Feb-99	Keep Your Bank Records, Says FTC. Whoopie.
22-Feb-99	Bankers Prefer to Avoid Discussing Their Contingency Plans
22-Feb-99	A Protest Against the Banks' Computerized Snooping Program
23-Feb-99	50% of the 19 Largest Japanese Banks Are 25% Compliant
23-Feb-99	Federal Agency Trains Banks to Turn Tellers into PR Flaks
23-Feb-99	Y2K Problem Is Solved, Says Banking Industry Spokesman
23-Feb-99	49% of Texans With Y2K Knowledge Plan to Pull Out Currency
24-Feb-99	South Africa's Central Bank Is Stockpiling Currency
24-Feb-99	First USA Bank Says They're Working on It
24-Feb-99	Rationing of Gold Coins? Nothing to It!
24-Feb-99	Greenspan Says Not to Worry, Don't Withdraw Currency
25-Feb-99	Gold Coin Sales Surprise World Gold Council
26-Feb-99	Senators Toss Softball Questions to Greenspan. Here's Hardball....
26-Feb-99	Greenspan Says 99% of FED's Key Systems Are Compliant
27-Feb-99	Mitch Radcliffe Says There's Plenty of Currency
01-Mar-99	BIS Publishes Central Bank Contingency Planning Guidelines
01-Mar-99	Liquidity (Electronic Money) Needed to Stem Y2K Crisis, Says BIS
03-Mar-99	Y2K Fears? You're Mentally Disturbed, Says Bankers' Site.
05-Mar-99	Banker Says to Keep Your Money in the Bank
12-Mar-99	No Safer Place for Your Money, Says Banker
12-Mar-99	Handy Tool for You to Estimate the Risk of a Y2K-Related Bank Liquidity Crisis
15-Mar-99	Alan Greenspan on the Gold Standard (1966)
15-Mar-99	Noncompliant Bank Promotes Its Y2K Readiness
15-Mar-99	Bank of Boston: Good News and Bad News
15-Mar-99	Banker Gets All Upset With Me. Here's Why.
17-Mar-99	Banker Does Legendary Bozo the Clown Routine
17-Mar-99	Must the Banks Give Depositors Their Cash? Of Course Not.
18-Mar-99	SouthTrust Bank ClaimsY2K Readiness
18-Mar-99	Mises Institute Foresees a Run on the Banks
19-Mar-99	The Panic Will Come
20-Mar-99	Kissinger Rumor Hits London Times
20-Mar-99	Great Cartoon in the London Times
20-Mar-99	Foot in the Rear of British Banking Community
20-Mar-99	Lew Rockwell on Y2K and Banking
20-Mar-99	Free Food in New England
20-Mar-99	Warning! Warning! Sweep Accounts Reduce Your Funds for Cash Withdrawal Purposes
22-Mar-99	Credit Union Times Recommends a Media Strategy
24-Mar-99	Bank Snooping Officially Dropped; Know Your Customer Project Officially Dies. Unofficially. . . ?
24-Mar-99	Declan McCullagh Reviles Those Who Quoted the Kissinger Story
25-Mar-99	Financial Chain Reaction Threatens British Banking
25-Mar-99	Another Y2K Economics Lesson from the Okie Banker
26-Mar-99	FED's Y2K Point Man Says No Y2K Recession
27-Mar-99	Tennesee Bank Announces Mission-Critical, Tested Y2K Compliance
27-Mar-99	An Introduction to Bank Run Statistics
29-Mar-99	FED Loans to Banks With Poor Collateral May Be Necessary
29-Mar-99	Newer, Smaller Banks More Likely to Meet the Deadline
29-Mar-99	Banker Is Terribly Worried About Burglaries: Leave Your Money in the Bank!
29-Mar-99	Japan's Postal Savings System Owes $1 Trillion in 2000
30-Mar-99	Australia's 4 Largest Banks Say They Are Far Along in Repairs
30-Mar-99	Federal Reserve Has Promised 100% Compliance (Mission Critical) on March 31
31-Mar-99	Snooping Continues; It May Mess Up Y2K Repairs
31-Mar-99	15 Largest U.S. Banks Plan to Spend $3.6 Billion; 19 Largest Japanese Banks Will Spend $1.2 Billion
01-Apr-99	GPS System and the Banks: A Very Brief Reference
01-Apr-99	Banking Panic Is Spreading -- Among Bankers
02-Apr-99	Australian Bank Says They're Working on It
08-Apr-99	Bank of Japan Will Stockpile $331 Billion Worth of Yen
08-Apr-99	Bank of Japan Will Run Y2K Tests on Jan. 1-2
08-Apr-99	Fuji Bank Story: Assessment Phase
10-Apr-99	Israeli Banks Not Compliant; Preparing for Breakdown
10-Apr-99	More Misinformation on Currency
12-Apr-99	British Financial Industry: Good News, No Specifics
12-Apr-99	GAO Says the Federal Reserve is 98% Compliant
14-Apr-99	Cash Reserve Ratio Falls at Credit Union
14-Apr-99	Banks Cut Off Y2K Retailers
15-Apr-99	Lumen Foods Says the Bank Did Not Shut Off Its Funds
15-Apr-99	88% of Large U.S. Banks Are On Schedule, Says Official
19-Apr-99	Latin American Bank Runs: Gartner Group
19-Apr-99	Another Southern Bank Claims Compliance
19-Apr-99	Federal Reserve's Kelley Is Clearly Confident, Vaguely Specific
20-Apr-99	FDIC Chief Warns: 55% of Public Expects Banks to Fail
21-Apr-99	Bank's Dilemma: When to Upgrade to Windows 2000? Wait 8 Months?
23-Apr-99	Banks: June 30 Deadline
24-Apr-99	Canadian Banks Guarantee Deposits in 2000
24-Apr-99	FDIC Chairman Admits That Almost No Bank Is Compliant