Is Gary North a liar? Either that or he is too stupid to have stayed in business as an economic pundit for 40 years. My mother bought into the y2k crazy and had a bunch of his articles.
I remember one about railroads. He frothed at the mouth about all the mom and pop shortlines that had done no y2k remediation. If he knew enough to count those short lines, then he knew that their _one_ engine was older than microprocessors, and that they could run their business on pencil and paper for long enough to get the neighborhood geek to move their data to a new computer.
I think he lies. A lot.
PS. I'm a programmer. I made a lot of money fixing real y2k problems.