Lindsey Williams: Within 2 Years You Will Not Recognize America! Dollar Will Die by 2012! Gold and Silver are All You Can Rely On! War is Planned! The Devil’s Messiah Within 2 Years??
- Pastor Lindsey Williams goes on the Alex Jones show to reveal what he just found out from his Illuminati elite contact. Some of the points revealed:
- Within 2 years you will not recognize America.
- Massive inflation will kick in and escalate. The USD will die by 2012.
- You can only rely on gold and silver.
- Americans will become very poor.
- War is planned after 2 years? Turmoil in the Middle East 2 years from now. World War 2 brought world out of depression.
- The elite is speeding up their schedule for change: within 2 years.
- Within 2 years: “The Devil’s Messiah” ?? Churches and many pastors are being corrupted. The Anti-Christ coming within 2 years??
- Obama is in trouble.
- Nearly everyone will be working for the government: Communism!
- America is entering the 2nd phase of the real estate collapse. The commercial real estate collapse is beginning. What is scary is that banks are walking away instead of repossessing properties. If the property is not repossessed, it means that banks do not have to mark down these foreclosed properties. Their balance sheet will look better. But for how long? Dayton Daily News reports :
Nobody is sure exactly how many bank walkaways are occurring. For various reasons, they can’t be identified in searches of public real estate and court data without individually pulling case files, experts say. But nobody questions that they are on the increase. David Rothstein, a researcher with Policy Matters Ohio, summarized the way they occur like this:
• The lender files a foreclosure, gets the foreclosure judgment in court, takes the property to sheriff’s auction but doesn’t bid on it if no one else does.
• The lender files as above, gets the judgment, sets the sheriff’s auction, then cancels the sale at the last minute.
• The lender files as above but then never requests a sheriff’s auction.
• The lender doesn’t even bother to file foreclosure.
All of these actions leave the foreclosed property in the hands of the original owner who, in many cases, has moved out and is unaware the lender hasn’t taken it. One indicator of the trend in walkaways is the gap between the number of foreclosure filings by lenders and the number of properties actually sold at sheriff’s auction.
A Dayton Daily News analysis of Montgomery County records found that, through September, foreclosure filings are on a pace this year to decrease by 8 percent. Meanwhile, foreclosed properties sold at sheriff’s sale will be down more than 21 percent. Over the three years an average of 2,500 foreclosure filings have not made it to sale at auction.
A foreclosure filing may not make it to auction for a number of reasons, including owners coming up with the money or lenders working out deals with them. But, Rothstein said, the growing difference between filings and sales suggests walkaways are playing an increasing role.
“When we look at the numbers, it’s not like thousands of people are getting loan modifications that would lift them out of the foreclosure process,” he said. “So what’s happening to those other properties?”
Another indicator is the falling number of properties that banks are repossessing, said Daren Blomquist, a spokesman for RealtyTrac, Inc. Data from class=”hiddenSpellError” pre=”from “>RealtyTrac shows that bank repossessions, called REOs, have been steadily declining in Montgomery County over the last three years. The 2009 monthly average for repossessions is only 43 percent of what it was in 2007, a newspaper analysis of the data show.
“There’s something happening once the properties enter foreclosure that is at the very least slowing down the process,” Blomquist said. “Maybe not to that (Montgomery County’s) extreme, but we’re seeing a similar pattern nationwide.”
Another indicator is the number of canceled sheriff’s sales, said Chuck Rodersheimer, a Dayton attorney who specializes in bankruptcy and foreclosure cases. ZIP codes like 45405 and 45406 northwest of downtown Dayton illustrate the problem, he said. A newspaper analysis of sheriff’s sale data found that 45406 had 721 cancellations since 2006, by far the most of any county ZIP code. The 45405 ZIP was second with 594 cancellations.
John Carter, housing inspector with the city of Dayton, finds the decline in foreclosures “very scary,” because houses are continuing to go vacant. For every 100 houses that he orders boarded up, he said, 40 to 50 properties have a mortgage but no foreclosure filed. When he contacts the banks, they sometimes tell him they have no plans to foreclose.
“That makes it look like the foreclosure numbers are going down, but in actuality the banks are not even starting foreclosure,” Carter said. “So there’s no number to track now.”
- Why is gold price at such a low level when the world financial system is facing systemic crisis? It is because bullion banks and central banksters have been manipulating prices. Should gold price rocket upwards, it also means fiat currencies are losing value. This is particular true of the USD. The real competitor to USD is gold. Imagine when all countries decide that gold is a better store of value than USD. The rush to gold will collapse the USD.
- Because of the abnormally low prices on the paper gold market: COMEX and LBMA, there is enormous demand. There are still a lot of people out there who understands what is going on. Yes, the scenario highlighted in the first paragraph is coming. Get your physical gold before it is too late.
- The bullion banks are naked shorting gold/silver. They do not have real physical gold/silver to fulfil all their contracts. Some estimate that they have sold as much as 4 months world production in gold and 6 months world production in silver. Imagine selling 4-6 months of something you don’t have. When they are forced to deliver, they have to scamper about to look for physical gold/silver. A massive short covering is building and it will send gold/silver to the moon. Professor Fekete reports :
The “Let’s get physical” movement could trigger a chain reaction
A prime suspect is the gold basis calculated using COMEX futures prices, or the forward gold price of the London Bullion Market Association (LBMA). Further suspects are: certain gold Exchange Traded Funds (ETF’s) such as GLD and their weekly updated bar lists; certain central banks such as the Bag Lady of Threadneedle Street (nickname of the Bank of England) that has rushed to the rescue of her agents, the bullion banks, trying to bail them out by offering substandard (22 carat) gold in settlement of contracts at the verge of being defaulted. Substandard gold stinks, as I shall explain below.
There seems to be circumstantial evidence that this month the gold exchanges are unable to honor their expiring contracts for which delivery notices have been issued in September. It has occurred in spite of a robust, even increasing, contango. Furthermore, circumstantial evidence exists that counterparties to these expiring contracts for future delivery – bullion banks, to be precise, the name of J.P.Morgan and Deutsche Bank being prominently mentioned – have offered bribe money up to 125 percent of the quoted spot price to holders of long contracts if they would take settlement in paper, on condition that the embarrassing affair will be kept secret. If true, these maneuvers are motivated by the desire to conceal the real gold basis, and to deny that gold is in or approaching backwardation. If the truth were widely known, then there would be a run on the bullion banks. The “let’s get physical” movement would trigger a chain-reaction culminating in all offers to sell physical gold being permanently withdrawn around the globe. “Gold would not be for sale at any price”, whether quoted in US or in Zimbabwe dollars – or, for that matter, in any irredeemable currency – the only kind of money people are allowed to have nowadays. The curtain would fall on the “Last Contango in Washington”. The day of permanent gold backwardation would dawn. The chapter on a reactionary episode of history, irredeemable currency, allowing the Treasury and its central bank to create unlimited liabilities out of nothing which they have neither the means nor the intention to honor, but could use them for check-kiting purposes to mesmerize gullible people around the world, would be closed and become but a bad memory.
“Honey, I’ve shrunk the bar-list!”
We must guard ourselves against falling victim to the rumor-mills, while keeping our eyes peeled for the very real possibility that the growing shortage of physical gold can no longer be papered over with paper gold (pun intended). Another story is about GLD, a leading gold ETF, which publishes its bar-list every Friday at the close of business, reporting the serial number of every bar in inventory. The list is customarily well over a thousand pages long. But, lo and behold, on Friday, October 2, and on Friday, October 9, the bar-list shrank to a mere couple hundred pages, with no explanation offered. Could it be that the management of GLD has taken a bribe, and replaced physical gold in inventory by paper gold, in order to save the face and skin of the bullion banks that have gone naked short and subsequently got cornered?
According to some reports independent auditors, at the insistence of parties holding expired forward purchase contracts to deliver gold, are descending on ETF’s and check their vault’s contents against their books. The noose is tightening around the neck of fraudulent banksters caught in the short squeeze.
Disclaimer – I am not a financial advisor. This is not an advice to buy, sell or hold any stocks or bonds or any precious metals. I am long gold and silver.
- The prospect of the USD death is no longer so far out. It is more than likely. Most people will be caught because they think the only superpower in the world and the largest economy in the world is bigger than the market. What they don’t understand is that the forex currency market is far bigger than any government can control. It is many orders of magnitudes larger than all stock markets put together.
- The question is: when the USD collapses which other currencies will be dragged into the death spiral? It is hard to say. But what is certain is: the world will stampede to gold and silver. Gold will increasingly be used as real money for international trade settlement. MarketWatch.com reports :
Greenlight Capital is betting on the possibility of a major currency collapse and a surge in interest rates, the hedge-fund firm’s manager David Einhorn said Monday, citing ballooning government deficits in some of the world’s most developed countries.
Einhorn, who warned about Lehman Brothers’ frailty before it collapsed last year, also said financial institutions that are deemed as “too big to fail,” such as Citigroup Inc… , should be broken up.
Greenlight has been buying physical gold this year because Einhorn is concerned that efforts to save the financial system and fuel economic recovery are undermining the value of such currencies as the U.S. dollar.
On Monday, he said Greenlight has added new trades to this investment theme, buying long-dated options on much higher interest rates in Japan and other developed regions — effectively giving the firm the chance to make big profits from a jump in rates. The options, bought from major banks, are tied to interest rates four to five years out, Einhorn noted.
“Japan may already be past the point of no return,” he said during a presentation at the Value Investing Congress in New York. Japan’s debt is equal to 190% of the country’s gross domestic product and its government deficit will be 10% of GDP this year, according to Einhorn.
Japan has been able to borrow money at roughly 2% a year to finance these deficits, partly because the country has many savers willing to buy low-yielding government bonds. However, some of these savers may begin spending instead as they enter retirement, Einhorn argued.
“When the market refuses to refinance at cheap rates, problems emerge,” he said, adding that this could trigger a “currency death spiral.” Interest rates have been very stable in Japan for years, so the options on higher rates that Greenlight bought were relatively cheap. Einhorn said the “asymmetry” of that trade was interesting: If rates were to jump suddenly in Japan, Greenlight stands to make “multiples” on its positions.
“There remains a possibility that I’m wrong, and I hope I am,” he commented. But earlier in the speech he remarked: “Just because something hasn’t happened before, that doesn’t mean it won’t.”
Remedy to shore up system
Einhorn also compared potential problems in sovereign-debt markets to the financial crisis that engulfed markets last year. When Lehman collapsed, investors reacted by dramatically increasing the cost of borrowing for rival Wall Street firms to the point where their business models were threatened, he Einhorn. The collapse of any major currency could have same impact of rerating the cost of financing governments in deficit.
Unlike Japan, the United States isn’t past the point of no return, the fund manager stressed. However, he criticized financial-reform proposals pushed by Treasury Secretary Timothy Geithner, arguing they provide a government backstop for the largest institutions, entrenching them further.
No institution should be too big to fail, Einhorn contended. “The real solution is to break up anything that fails that test. Lehman shouldn’t have existed in any size to threaten the financial system.”