Lindsey Williams - The Elite Speak - DVD 1 Part 9 - Jan/Feb 2010 (To Seduce a Nation)

[boogerhead0]

Because when the bogus bank trust holding companies are declared bankrupt, all subordinate loans may be called fully due and payable. That means everyone owing money on a subordinate loan will immediately have to pay the loan in full or hand over the collateral. In the case of high inflation, and declining economy, many will be pressed to pay up.

[oinei]

of course Canada is part of this. We will be involved immediatly. We are part of America and are not any diiferent than the resst of the world. Start saving food and gas in the next few months and you won't regret because the prices are going to go insane and you can really suffer.

[mikemb123]

We could have done without the "prophecy" interjection.

[rogertayloRRR]

I wonder what he thinks about Ron Paul and his chances

[whitemanisthedevil]

Stan j.doesnt understand the bible,at all.

[vwertigo]

why is he aiding and abedding them? the elitists I mean.

[hearts000able]

Our sons and daughters are dying out there in the war zones in Afganistan and Iraq, pray for their protection and that they return home

[TheConstitutionMan]

Lindsey Williams should have never agreed to do this interview with guy! He goes way off into Flake LAND!!! I guarantee you that anyone seeing this information for the first time will automatically ignore all the information because of that flake Stan Johnson. He asked: can I get into bible prophecy here? then he talks about something other than what the bible says. this guy is a piece of work.

[Whorulesnow]

We are in big trouble with that phony health care bill. It is unconstitutional.

[freecon1]

He should distinguish between secured and non-secured debt. Credit cards don't have collateral.

[mlndstream]

Another trigger of 'inflation' can be govt debt default rather than 'printing' money, because fiat banknotes are 'backed' by the govt's treasury debt, so when the govt defaults on paying the interest or principle on treasury debt then faith is lost in the govt that backs the fiat currency, so the currency rapidly becomes worthless, but the loss of faith may start before the govt actually defaults if people increasingly begin to believe that the default is imminent

[mlndstream]

If someone had a genuinely fixed rate of interest then if there is severe inflation it could be a good thing,but if the interest rate is variable it could a disaster as the lender may massively increase interest rates in order to make sure that by the time the borrow has paid back their loan the lender has received back a greater amount of purchasing power than they had lent,and if incomes don't keep pace with inflation then the combination could be very bad...I think the term is'stagflation'?

[loveisnow2]

mabe they are just trying to keep the economy going by getting everyone to spend their money now before it is devalued. Putting fear into people might get them to spend more now.

[SuperSophieM]

I was thinking the same thing. Not that I would dismiss what they're saying entirely, but there is the possibility that it's propaganda to get people to buy.

[zip1212]

its already at like 30% just check your credit cards... they call it credit cards but its really just legal loan sharking.. i think his point here is if you are in debt you are in a lot of trouble more then you realize.. BUT there is still time to change that IF you can.. of course most wont or cant. the word here was TANGIBLE that doesnt mean something you are making payments on. ( a mortgage for example. )

[nikchess2]

Why would you want to be out of debt if you expect much inflation???

The creditor gets paid back with cheap/worthless money in LW's scenario...

[updv]

@nikchess2 Agreed. I think he's talking in general terms. In my opinion, it may be good to hold some debt in some circumstances. For example it might be good to keep a mortgage as long as it is manageable and at a low interest rate. It is also a tax write-off. Then instead of paying off the debt, invest the money in a tangible that will outpace the rate of interest one is paying. Then you can pay off the loan later with cheaper valued dollars.

[codeeish]

I do not agree necesarily. The money has already been spent and exists. Once the world realizes how many "dollars" the banks have we have dollar devaluation. But we, the little people will not have the extra dollars, just banks.

Think about it. We just made up trillions of dollars in TARPS, yet people are out of work and getting poorer.

The inflation money is already being made, we just are not going to get any of it.

[codeeish]

Domestic trading will feel a blow from the hike in prices for imports.

It will be hard and poor times for a lot of people and families. Get out of debt, you do not want to lose %60 of your paycheck when you just took a %50 hit on your dollar to boot.

[kryogenikz]

Because Banks will increase the interest on your debt. Imagine 50% on your loans. If your value of currency drops 60%,...That is a 10% increase per year on interest on debt. So what you are saying is incorrect. We are in a situation of massive inflation and devaluation of the dollar. The value of a dollar promised today is not promised tomorrow.....

[updv]

If you have a fixed interest rate contract, say a mortgage at 5%. It would be quite a stretch for the banks to unilaterally void the contract and reinstate it at say 50%. Variable interest rates are another story. The idea though is to avoid debt as much as possible.

[kryogenikz]

I am talking about lines of credit/credit cards and open variable mortgages(What the average person has anyways)...Obviously they have control of increasing that to whatever they want depending on the Fed Reserve Bank discount rates and overnight rates/Hyperinflation and the desparate state the economy will be in. 50% interest is not far fetched. Trust me it WILL happen if hyperinflation occurs.

[Illuminated7]

@nikchess2 only good for you if you have fixed rate debt. But banks always attach a clause allowing thm to amend a contract.