....
You are allowed to install a GFCI outlet with no ground connection to
provide a 3 prong outlet when no ground is available. This is safe
because the GFCI will trip if there is any fault current flowing to an
external ground (like between your hair dryer and the sink faucet via
your arms!).

May I ask your source of that information? I would like to verify it. It's
true you can use a GFCI on a 2-wire ckt, with a 2-prong outlet, but NOT in
order to provide a 3-prong outlet!! The 3-wire system provides a level of
protection that is far superior to 2-wire, and ANYONE could look at that
sort of a setup and think it's safe to use equipment that REQUIRES the third
wire!
Also, everything from TVs to computers, surge suppressors, telephone,
stereos, any modern electronic equipment, will very likely experience noise
and interference problems, and surge protection components as provided IN
most electronic equipment, would be unable to function, and any external
surge/power protectors would be nothing but useless power bars with no
function. The place would be a real pain to most electronic equipment on
the market today.
Technically, onle Class 2, 2-wire equipment would be acceptable to run
on that setup.


A possible solution might be to:
-- Put in your own ground rod in a location where it can be run into the
breaker box?
-- The meter must have a ground: Can that be tapped into, say, at the
service entrance?
-- How about a metal water line? Caution: PROVE it's a grounded metal,
not just looks like it is. Anyone in the business can tell you quickly.

Pop & his two cents