I received my October 1, 1999, issue of Gary's Remnant Review and was immediately struck by the envelope stating "FINAL ISSUE." I've had a standing credit card order for his newsletter since who-knows-when. Maybe it's a computer error or maybe this is it. So much for his two-year subscriptions. I don't know. I've always paid by credit card every quarter, automatically.

His newsletter this month is especially a downer, i.e.:

Do you own a commercial building? Sell it now. I mean this month. You will be able to rent for practically nothing in two years -- maybe sooner. Get rid of the building. Physicians, dentists, professionals: Listen to me. Sell your interest in your building to your partners. Rent month to month. Sign a lease. Anything. But unload the building. You will lose your equity if you hang onto it. There is not much time to do this!

His concluding paragraph is especially poignant:

What's wrong with non-digital wealth? Why is the investment world arrayed against it? Why are we told, day after day, not to get currency, not to stock up? Because the digital world is a world of representational wealth. "You can't eat gold," fiat money advocates told us way back before money had been digitized electronically. No, you can't eat gold. You can't eat print-outs either. But you can trade gold for food. Try that with your print- outs.

Gary also recommended going out the day after October 31st and buy at least $100 or $200 of chocolate bars that go on sale. Candy bars worked well in WW II as barter items in smashed economies. "Sweeten the deal" is not an idle phrase in a breakdown.

At least those dentists who sold their buildings will have work next year.

Drew

-- Drew Kolosky (kolosky@prodigy.net), October 06, 1999

Answers

Thanks for Gary's final roundup, Drew.

-- Mara Wayne (MaraWayne@aol.com), October 06, 1999.

Drew, I received my October RR without the "Final Issue" on the envelope. I did recently resubscribe under the automatic quarterly billing offer -- but never received the first (September) issue. A phone call to the publisher (Agora) confirmed my subscription and October arrived on schedule. I'm guessing computer error.

BTW -- I didn't really find the last issue any scarier than usual and I'm pretty confident Gary will be around for quite a while. So what do you think: chocolate or condoms?

-- DaveW (dwood@southwind.net), October 06, 1999.

Nestle Crunch bars are the best!
Wonder if real estate prices really will go down. On the West Coast they're really really way too high. We looked at a house sale mag today: insane. $100,000 for a falling down shack! At least manufactured homes are still a bit bitter, but even they are starting to cost too much. Property inflation gone bonkers.

-- Ashton & Leska in Cascadia (allaha@earthlink.net), October 06, 1999.

A&L: I've got Andy for my metals, Gecko for my oil, and you guys for my confection speculation! I love this forum :)

-- DaveW (dwood@southwind.net), October 06, 1999.

Do they still sell the old "$100,000 Bars"? I think they would be good since they are pre-priced!

-- Bill (y2khippo@yahoo.com), October 06, 1999.

:-) Creamy delicious melting chocolate will always be in demand. Costco sells bars in bulk!

-- Ashton & Leska in Cascadia (allaha@earthlink.net), October 06, 1999.

With Medicare & Medicaid & health insurance in general going belly up fast, Docs won't get those reimbursements to pay building expenses. Their services will still be needed -- perhaps more than ever -- but the current structure in which they operate will be in tatters.

-- Ashton & Leska in Cascadia (allaha@earthlink.net), October 06, 1999.

A&L...no, no, no!!! Real Estate can't go down on the West Coast : (

We've finally got some equity : )

Actually, think of all the people who are sitting on a few hundred thousand dollars in equity right now...they'll be very upset. Of course, I know no one my age who has any real equity to speak of...and many work way too hard just to make their mortgage payments.

As Diane says...shift happens...or not.

Mike

===================================================================

-- Michael Taylor (mtdesign3@aol.com), October 06, 1999.

Once again,

Bro Garee has betrayed us.

Just when I cashed in everything my sister, mother, uncles, aunts, grandparents, cats, hound dogs, hamsters, and myself have worked for all these years, to buy Duct Tape, he changes gears and tells us to buy Chocolate.

Think I'm a-gonna use a bit of Foresight and pre-guess his next move: heck with the Chocolate; I'm buying Teletubbies.

Can't be any sillier than anything else he's said.

The sad part is that anybody actually takes him seriously. Bozo the Clown has more relevant social commentary.

-- Chicken Little (panic@fortherbirds.net), October 06, 1999.

Scary Gary is making himself scarce cause the shit isn't going to hit the fan like he was predicting. You'll never hear from him again after January 1, 2000.

-- (sickofthis@crap.com), October 06, 1999.

The most truthful statement Gary North has made:

From OPEN FORUM - Small Businesses After 1999:

What are you going to do for a living after 1999? If the Millennium Bug bites as hard as I expect it, I know one thing: I will not be in the newsletter business any more.

LOL LOL LOL LOL LOL LOL

-- (LOL@LOL.LOL), October 06, 1999.

I just subscribed to Norths newsletter for two years. I want to know how he will ship it if Y2K is as bad as he predicts. I mean that is going to be then 2 years of money wasted that I could have spent instead on guns, ammo, and food.

Hopefully Y2K won't be as bad as he says so I can get his newsletter next year and not have wasted my money.

Thanks!

-- ABCDEFG (justworried@aboutmymoney.com), October 06, 1999.

ABCDEFG .... Why pay any bills more than a month in advance ? Can't believe you GIs (?) REALLY Get It ! I plan not to pay anyone in 2000 that is connected to banks, insurance OR government, IF the slide starts in Japan on 1/1/2000 and continues. All you'll have to do is WATCH THE PANIC spread and stay one jump ahead of the crowd in figuring that the post office/government/locals have " lost it " to realize your just giving them money they may never get AND/OR, you won't be credited for since " their computers were down/still are/etc". Pretend it's a checker game, for heavens sake ! Think TWO jumps ahead !!! Eagle

-- Hal Walker (e999eagle@freewwweb.com), October 06, 1999.