“We Need a RESET IN THE WAY THE ECONOMY GROWS Around the World” – Christine Lagarde, IMF Chairman
Originally Posted on January 24, 2014 – LindseyWilliams.net. Edited on April 29, 2019.
“We Need a RESET IN THE WAY THE ECONOMY GROWS Around the World” – Christine Lagarde, IMF Chairman
I was sent several articles by Pastor Williams relating to the Global Currency Reset. The first article he sent me talks about how the currencies of the world will be revalued. Every country under IMF and World Bank control will be valued based upon their assets. This means physical assets as well as the country’s ability to make future profits from such areas as oil extraction, mining, refinement, fishing, forestry, and agriculture. The more jobs a country can create to produce tangible goods, the higher the currency value. Around the world, the outlook is a positive one, where those country’s currencies are revalued higher will benefit from the ability to improve their lifestyles. For example, Africa will see water wells drilled, irrigation systems installed for crop and livestock production to help produce exportable commodities. All of these will see many of the third world countries standards of living raised considerably.
What does this mean for Americans? Max Keiser, of Max Keiser Financial War Reports, said this “What will happen is there’s going to be a currency revaluation across the globe. The dollar will probably be cut in half versus its other major trading currencies. Gold, in particular, will have to be, as it was in the ’30s, valued upward. So gold and precious metals and any currency that beings in a basket of commodities or precious metals as the basis of that currency will, in concert, you’re going to see a revaluation of gold bullion I believe… and you can see the price of gold move up 50, 60% in one day or one week, or it could move 100% in a week. This means that all currencies are going to be revalued against gold and the currency that stands to lose the most would be the US dollar.
And people will wake up in America, as it has happened in other countries, like Iceland recently, or other bailout countries from the IMF, or in Russia, or in the UK in the ’70s and suddenly they wake up and it’s like our currency was devalued by 50%. We’re now being bailed out by the IMF and the world bank, everything at the store costs double or triple or quadruple, and there’s nothing they can do about it because it’s not like these things happening without a carefully coordinated plan by the banking establishments around the world that’s setting this all up to go when it needs to go. It’s going to be relatively effortless on their part.”
What Pastor Williams has said is being repeated through many other outlets including King World News “The new system will be backed by hard assets, one of which most assuredly will be gold, and the gold price could well be revalued overnight in that process. The timing of all of this is imprecise, but it’s inevitable. So as much as the short-term price action might have people frustrated, it shouldn’t disturb their long-term view in the least.” Silver Doctors says “Ben Davies states that revaluing gold and backing the monetary system with it could be one of the least disruptive ways out of the credit mess.” Also, “There will be no currency war, but there will be co-ordinated devaluation of all G20 currencies against gold, just like there was in the 1930s.” Goldseek has said, “But, far from being a silly idea, gold revaluation has been a mechanism of restoring solvency to the government since central banking was invented and is very much a serious topic now as central banks race to devalue against each other …” GATA also said “Millar stresses the periodic upward revaluation of gold as the mechanism for defeating a deflationary debt depression at the end of an economic cycle” and went on to say “However, it appears that Phase 4 (instability and ultimately deflation due to excessive debt) may have started. If so, Phase 5 (revaluation of the gold price to raise the monetary value of the world monetary base and hence reduce the burden of debt) becomes likely or inevitable. The extent of that revaluation would need to be major according to our calculations, probably by a factor of at least seven times, possibly by up to 20 times the current price of gold.”
A precedent has been set by the book ‘The Silver Bomb,’ which said “The era of debt-based economy, which is dependent upon the creation of the debt, which is leveraged with still more debt will draw to an end. The free-fall will come to a sudden stop, and the hard reset of the respective values of all commodities and currencies will occur. The banks are already preparing for the paradigm shift.”
If you have visited LindseyWilliams.net, I recommend that you review the comments section of the latest articles. Our very active and informed commenters have given us hundreds of great comments bearing information that continues to confirm what Pastor Williams has said. There is a thorough analysis of the chairman of the IMF Christine Lagarde’s recent speech at The National Press Club including the clear statement alluding to global currency reset “…forthcoming asset quality and stress tests that will take place in 2014.” The global currency reset confirmed in her speech at Davos World Economic Forum, “We Need a RESET IN THE WAY THE ECONOMY GROWS Around the World.” The IMF is telling you what they are going to do. Definitely keep an eye out on what the IMF is saying.
Billionaire Hugo Salinas Price has given an interview to Mexican news website Inteligencia Financiera Global stating that “The world is attempting to live using the great lie of fiat money. It will not work. You deal with Reality using Truth; Truth thinks that checks with Reality. Gold is money, and if we refuse to face that fact, we are lying.” He also talks about how we got to this current global economic crisis. “We got to this state because our leaders – in Universities and Politics – have wished to forget Reality and have thought that by using our brains we can get around Reality. Thus our thinkers and political leaders have been attempting to put Reality to one side and in its place, use counterfeit money, which can be manipulated to keep people happy.” He goes on to say “Our leaders have chosen mass deceit as their instrument of power. What they will obtain will be utter chaos and disorder, and mass impoverishment.” Salinas Price goes on to say “The clear beneficiaries of monetary and credit expansion are those who get the money and the credit first, before the rest of the people. They become wealthier, at least for a time, while the rest of the people sink into diminished well-being. But, eventually, all go up in smoke and heads begin to roll: those of the guilty as well as those of the innocent.”
Hugo Salinas Price also talks about precious metal markets manipulation saying “Of course the gold and silver markets and manipulated. You have to either be blind or a Harvard Graduate with a doctorate in Economics to ignore the fact. The purpose of the manipulation is the same as the purpose of the French Revolutionaries in attacking gold when they were printing their “Assignats” paper money like crazy; to try to suppress the indicator, which showed the destruction they were carrying out with unlimited printing of fiat money. Gold tells the Truth, and so it is an enemy of those who wish to deceive their populations. Paul Adolph Volcker, the famous head of the Federal Reserve of the US, once stated: “Gold is my enemy.”
On a return to a gold standard, he said “A return to a gold standard will not be possible until thinkers and leaders begin to think differently from how they think today. We know for a fact that people in Asia have not forgotten about gold. They are buying gold frantically. They can see what we cannot, that the dollar is doomed. Perhaps a new monetary order may be imposed by China and Russia acting together. At least, that is hope.” Price also talks about the “thousand individuals” who control the world and that “the people themselves who enslave themselves.”
Mr. Price also talks about China accumulating gold at a high rate. He said “… the Chinese are not so silly as to think that gold is no longer of vital interest and importance to humans. China is thousands of years old. The US is not even 250 years old. They know that the rule of the US dollar is coming to an end, and are preparing for that moment. They are not talking about this, because they know that those who think to understand China’s motives, while it is useless to explain their reasons to those who will not believe.
Importantly Hugo Salinas Price talked about the Federal Reserve’s gold reserves. He said “… the US does not have the gold it says it has. The US was the custodian of a gold cookie-jar, and the US government ate up all the cookies. They have no gold left-“.
The second article Pastor Williams sent me more or less confirms what Hugo Salinas Price says relating to the Federal Reserve not having the gold reserves it says it has. Former Assistant Treasury Secretary Dr. Paul Craig Roberts has said this of the Federal Reserve “They don’t have any more gold. That’s why they can only give Germany 5 tons of the 1,500 tons it’s holding. When Germany asked for this delivery last year, the Fed said no. But, it said we would give you back 300 tons. So, they said we would give you back 20% of what you trusted us to keep for you over the next seven years, but they are not even able to do that.” He goes on to confirm that the holdings of gold in the West are being drained and transferred to Asia. Because the Federal Reserve does not have the physical gold, they are turning to massive ‘naked shorts’ of gold futures contracts. This has also been discussed in the e-book I wrote in October 2013 detailing ’10 Steps to Avoid the Crash’. In summary, Dr. Roberts said “They don’t have real gold … So they come in and dump contracts, say in 6 minutes, that is three times the amount of gold COMEX has to make delivery. So, it drives down the price of gold. That’s how they got the price of gold down from $1,900 to $1,250.” This blatant manipulation of the gold markets confirms why the Federal Reserve will not allow anyone to audit their vaults because they don’t have any.
Dr. Roberts also goes on to say “The ability to continue selling these ‘naked shorts’ is now disappearing because there is no gold left to back them up … None of these ETF’s has the gold to back the shares. The ability to continue looting them to make good on gold deliveries is running out. So, this will prevent the Fed from selling ‘naked shorts’ to protect the dollar from its policy of quantitative easing … You can’t print $1,000 billion of new dollars every year without causing other holders of dollars to wonder about the value of the money and to seek a way of getting out of it. China has been doing that by going into gold.” This confirms what Pastor Williams has been saying for many years, “get out of paper” and “Gold and silver are the currency of the Elite.”
Roberts predicts, “If people in the West try to move from dollars into bullion and there’s not any to speak of, then you would see a massive rise in the price.” He also predicts “I think, this year, you are going to see a further downturn in the economy. The signs are not only that we do not have a recovery, but it’s going to get worse. Christmas sales were very negative. There’s no growth in people’s income and no jobs. So, if the economy goes down further, what does that mean? It means the deficit widens. It means they have a greater debt ceiling lift. They have to have a bigger ceiling increase, and all of this will alarm the world. They’ll say, good heavens, they already had a trillion dollar deficit. Now it’s gone up, and the Fed can’t stop the quantitative easing without the stock and bond market collapsing. The banks’ solvency will become an issue. So, the world is watching a bigger deficit, more printing of money, and they are likely to start dumping dollars. When they do that, they’ll say ‘gold, I want gold.’ There’s not much supply to meet demand, and the price has to escalate. So, I wouldn’t be surprised if that shows up this year.”
They are also confirming what Pastor Williams has been told by his Elite friend that the Affordable Health Care Act is not about healthcare. Dr. Roberts said “The Affordable Health Care Act is not affordable and doesn’t provide care. It’s a way to loot the poorest people and steal whatever assets they have. The poorest who are supposed to be helped are herded into Medicaid, where any property they own is subject to estate recovery.” Medicaid Estate Recovery is the process initiated by U.S. state governments for recovering payments they made under the Medicaid program to program beneficiaries. The government recovers the sum of payments from the estate at the time of death of the program beneficiary.
A few people have complained that nothing has happened, yet. They should take every day as a blessing when nothing happens because it is another day they can use to prepare. Most people who read this article will do nothing. I don’t know why people wait until it’s too late. You have the information not only from Pastor Williams but from many other sources. You know the US debt can no longer continue to spiral out of control. You can do what you can to protect yourself and your family. Your time to prepare is running out. Those relative few who have taken steps to protect themselves from what is about to happen are going to be glad they did when the dust settles.
To those who are still on the fence, please read through Pastor Williams’ website. Listen to his past radio interviews; watch his DVDs and films some of which are freely available on YouTube. Follow the advice given in the free e-book ’10 Steps to Avoid the Crash’. All this help and advice is there to help you protect yourself.
Those of you who haven’t at least converted part of their investments from worthless paper assets into physical gold and silver – I have to ask why you are so hesitant? When the Global Currency Reset happens, it’s probable that your investments will halve in value overnight Those who wait and do not heed the warnings laid out by not only Pastor Williams but other highly respected individuals are taking a considerable risk to their family’s health and wellbeing. Please take the warnings shared by a former Federal Reserve Chairman, a Billionaire, even the chairman of the IMF. The Global Currency Reset is real. Gold is more precious now than it ever was, you should now understand why Pastor Williams has repeated many times that Gold and Silver are the currency of the Elite. The collapse is coming; it is inevitable. Protect yourselves and your families. You have the tools, now use them. Stop procrastinating, start doing something however small, today!
If you do not know of a reputable company that can convert your paper assets into physical gold, I recommend Regal Assets who are an expert in converting your IRA and 401k into gold, silver, and other precious metals. The process is relatively painless with only a few forms to complete, so great for those who have never bought gold or silver before. For Pastor Williams’ email list subscribers, they will pay the first year dues for retirement accounts, which include all the setup fees, administration fees, storage fees and delivery of metals, saving over $500. They also have a 7-day delivery guarantee. This guarantee is invaluable when the Federal Reserve and COMEX are struggling to deliver. You can contact Regal Assets toll-free on 1-888-748-6766.
“Gold and silver are the currency of the Elite” – Pastor Lindsey Williams
“China is in big trouble!”… News just in before publishing of this newsletter from Pastor Williams, “In Mexico, I just talked with a business person from the Philippines who frequents Hong Kong. They briefed me for about an hour about what is happening in China with banking trouble, real estate problems and an unhappy populous. The Chinese New Year (Our January 31, 2014) is very significant. Watch out – Anything could happen.”