Lindsey Williams Back on AJ 12/31/2011

[Referee]

I know Lindsey talks in circles and is hard to get through but his info has been right on many many times.

Here is the interview 12/31/2011

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[dreamer]

so very hard to listen to him, poor old man repeats more than the gets out, interesting info every time tho, just have to grit your teeth and bear it.

[FutureHumanDestiny]

i'm afraid lindsey's new source is going to discredit lindsey by having him predict high oil prices without them actually increasing.

his past track record is excellent, however, i detect something shady about this new guy.

we'll have to wait and see, i suppose.

[gripreaper]

OK, he sat across the dinner table from these elite, slept in the same dormitory, and was their chaplain for three years on the Alaska pipeline 30 some years ago. Now these elite are old men whose consciences are bothering them and are confessing to Lindsay Williams what's going to happen in 2012, so grab your pencil and paper and take notes!

Oil goes to 140 a barrel, dollar devalued 40%, gold goes up 40% (that's an 80% spread by the way for those paying attention), but you better hurry because this could be any day now! And these elite have a chance to repent before they go to meet their maker, thanks to Lindsay Williams! The devil is on the rampage, and Satan hates god's creation and you need to hurry before it's too late and they bring in the New World Order!

And everything these elite have told Lindsay Williams has been put into a special DVD which you can purchase, and churches all around the country are begging Lindsay to let them know when he has a DVD coming out so they can purchase it. So, order yours today!

[ThePythonicCow]

I know Lindsey talks in circles and is hard to get through but his info has been right on many many times.
I don't understand how they can devalue the U.S. Dollar.

When a currency is a paper receipt for some backing store, such as for gold, then the currency issuer can unilaterally declare that you get 40% less of the backing store, affective immediately.

In recent decades, many nations have used the U.S. Dollar (not gold) as that backing store. These nations would exchange their national currency for the U.S. Dollar at some exchange rate, and would change that rate, devaluing their national currency.

But the U.S. Dollar has no formal backing store. So, how can they devalue?

The U.S. government and banks cannot reach into every account, every contract, every sock drawer, and replace $10 with $6, over a weekend. A sudden change over a weekend has to be something they completely control and can change by fiat.

There are two key "backing stores" that might be used for a "devaluation", oil and debt.

If an international agreement were announced over the weekend, resetting the price of crude from the major sellers to be in multiple currencies, not just in U.S. Dollars, and if that price showed that you needed more Dollars (relative to the past exchange rates) than other currencies, this might work. It would mean that the price of gasoline in the U.S. jumped on Monday morning, and soon other prices in the U.S. would rise, in rough proportion to how much petro energy was reflected in that price.

If U.S. debt (Treasury and Federal Reserve) were devalued by 40%, that might work too. If you thought you held $100 in Treasury notes on Friday, you'd learn Monday that you held $60 in Treasury notes.

These two, oil and debt, are linked in various ways. For example Saudi Arabia provides much oil and holds much U.S. debt.

In short - something like this devaluation or partial debt default has to happen, sooner or later, and not all that much later. The debt of U.S. and other "Western" nations and their central banks is in one of the grandest bubbles in recorded human history. We'll see some fireworks when that bubble bursts.

I'm still giving Martin Armstrong (http://www.martinarmstrong.org/economic_projections.htm) even odds of being right, that gold is likely to be weak in the near term, and that it be a small number of years before the U.S. Dollar is reset, removing it from its role of world reserve currency and replacing it with something else.

The failure of Lindsey Williams to have any sensible clue how this Dollar Devaluation can be undertaken, given that it does not have any backing store, and his failure to consider the Dollar's world reserve status and how to unwind that, tell me that he's just parroting something that was told him, which he does not really understand.