Excerpt from Lindsey Williams –
Monday, January 27th, 2014 “We Need a RESET IN THE WAY THE ECONOMY GROWS Around the World” – Christine Lagarde, IMF Chairman
This is one of the most important articles Pastor Williams and I have created.
I was sent a number of 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.
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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 30’s, 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 bail out countries from the IMF, or in Russia, or in the UK in the 70’s 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 careful 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 1930’s.” Goldseek has said
“But, far from being a silly idea, gold revaluation has been a mechanism of restoring solvency to 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 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.”
There is thorough analysis of the chairman of the IMF Christine Lagarde’s recent speech at The National Press Club including the blatant statement alluding to global currency reset “…forthcoming asset quality and stress tests that will take place in 2014.”
Later 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.
- See more at: http://www.lindseywilliams.net/lindsey-williams-new-information-and-radio-schedule/#sthash.WzARoqwF.dpuf