These computers or, more correctly, their software, will interpret the '00' to represent the year 1900. This phenomenon has been dubbed by the industry insiders as the 'Year 2000 Problem', while the less optimistic have dubbed it the 'Year 2000 Disaster'. If you are like most people, you're probably thinking nothing of it. Think about it again, though, and consider that a 'computer', per se, can be the one sitting in your basement, or the one handling such important tasks as telecommunications or stock portfolios. They are both just as vulnerable.
Most experts agree that there are two possible outcomes.
So, your bank account could show you as having a negative balance due to nearly 100 years of 'negative interest', as calculated by subtracting your last interest period, December 1999, from January 1900. No more phone system. No more security system. No more financial transactions. In other words, everyone.