Lindsay Williams was a Chaplin to the oil rig executives in Alaska over a period of three years. In July of 2008 he received a call from one of the executives that he refers to as the “global elite”. During the phone call Lindsay was told the price of crude oil would be $50 a barrel and that “America will see a financial collapse so great that it will take years for it to come out of”. Well since the former has taken place just as he said, it would be wise to consider the latter may also come true.
Before reading the following article Lindsay said “if you want to know what it is going to look like in America look at Iceland” (Iceland filed bankruptcy 2-3 months ago).
Stunned Icelanders Struggle After Economy’s Fall
by Sarah Lyall, International Herald Tribune, France – Overnight, people lost their savings. Prices are soaring. Once-crowded restaurants are almost empty. Banks are rationing foreign currency, and companies are finding it dauntingly difficult to do business abroad. Inflation is at 16 percent and rising. People have stopped traveling overseas. The local currency, the krona, was 65 to the dollar a year ago; now it is 130. Companies are slashing salaries, reducing workers’ hours and, in some instances, embarking on mass layoffs.
In a recent survey, one-third of Icelanders said they would consider emigrating. Foreigners are already abandoning Iceland. One man arrived from Poland, he said, then realized how little the krona was worth and went home the next day.
Lindsay also gave a personal estimate of when we should expect this to happen: 6 to 9 months from now possibly 1 year.
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