$50 Oil – Was Lindsey Williams Correct?

[VIDEO] Lindsey Williams – Predicts $50 oil on the Alex Jones Radio Show [ July 28th, 2008] (05:44)

In July 2008, Lindsey Williams went on several radio shows and told the world what was going to happen over the next twelve months. He said that the following was going to occur:

John McCain will win the 2008 Presidential Election. Lindsey Williams suspects that there will be an event just before the election that will ensure that McCain will be elected. Large oil fields in Northern Russia (or North of Russia) and Indonesia will come online, flooding the world with light sweet crude. Oil will fall to $50 a barrel. The Middle East will go bankrupt and will no longer be able to afford to buy US treasury bonds. They will have to dump their dollar reserves to fund social services and other government expenditures. Lindsey Williams predicted that Middle Eastern countries would dump trillions of US dollars onto the market, virtually overnight, resulting in a collapse in the dollar. American will see a financial collapse that will be so great, that it will take years for the country to recover. He claimed that all of these events will be perfectly in line with plans to create a North American Union and issue a new currency. These events were all planned in advance, behind the scenes, by the elites of the world.

When I first heard Lindsey Williams say these things in July, I took notice. At the time, I knew that the economic collapse and dollar crash was coming eventually, but oil going to $50 a barrel seemed impossible. The thinking last summer was that high oil prices were hurting the economy and it seemed possible that rising oil prices would eventually destroy the American consumer and bring about the economic collapse from high prices. Inflation would continue to drive the price of oil higher and the value of the dollar lower. It seemed very counter intuitive that low oil prices would actually bring about the collapse, but it made logical sense none the less. For those who understand the relationship between the dollar and oil, it is actually a low oil price that hurts the value of the dollar because the dollar is essentially backed by oil. Iranian President Mahmoud Ahmadinejad told the BBC that "They [the US] get our oil and give us a worthless piece of paper." But I have known for many months that the economic collapse was coming and that the dollar bubble would burst, I just did not know what the pin would be to finally pop it. But considering where we are now, I believe that oil falling to $50 a barrel will be the pin that pops the US dollar bubble that will result from the economic destruction in the Middle East. The more i see as time goes on, the more I am becoming convinced that the scenario that Lindsey Williams laid out for us in July of 2008, will ultimately come true.

The first interview I heard Lindsey Williams give last summer was on July 9th, 2008 when he claimed that oil was going to $50. Keep in mind that at the time, the price of oil was above $140. People in the media were talking about $200 oil and everyone seemed in agreement that there was an energy crisis in America with no clear solution. At the time I recognized that a parabolic move to the upside would probably result in a correction. I figured oil would probably drop to $120 and with $100 acting as strong support if it ever got that low. After oil fell below the $100 support, I figured we could go to $80 to test the bottom trend line. And now that we’ve broken below $80, I am becoming more and more convinced that Lindsey Williams is once again correct and oil is going to $50.

At the time I am writing this, oil is at $78. A move down to $50 would still be a significant drop from this price. But I think from this level, oil going down to $50 is very possible. We saw oil sell off along with the markets in the past few weeks because the oil markets were worried that the world would enter a global recession. I think that the economy of the United States will continue to deteriorate as continued government intervention fails to stop the crisis. As the US economy collapses, global markets will continue to suffer along with them in the short run at least. The fears of global recession will be far more pronounced as it becomes a reality in many parts of the world. The economy in the United States and others around the world will continue to get worse and there will be one crisis after another. This will contribute to the cries of demand destruction. And if two new oil fields are opened up at the same time there are fears of global recession, these forces now seem more than adequate to push the price down to $50 a barrel and $2 a gallon the pumps.

When I first heard Lindsey Williams make these predictions, I was skeptical. Who wouldn’t be? Oil at $50 a barrel seemed like a million miles away back in early July 2008. But I had said at the time that I would not bet against him. He offered a plausible scenario for the collapse of the dollar, and as unlikely as it seemed at the time, it certainly seems a lot more likely now. I recognized that there was a chance that he was correct, and as time unfolds, I am becoming convinced that he will be proven correct again. Most political pundits believe that Obama will win the election in a land slide. But if we see McCain win the election, I will officially be afraid. If McCain wins, I think everyone needs to give credit to what Lindsey Williams has been saying, because these are seemingly impossible predictions that are coming true before our eyes. So if McCain wins the election and oil goes to $50 a barrel, we can expect the dollar to completely collapse shortly afterwords, probably within a few weeks. When this happens, I will be telling people to read this post so that they can understand that this was predictable and inevitable, and that there is precious little time to get out of dollars and into gold, foreign currencies, foreign stocks, and other hard assets. You should also stock up on food and water and anything else that you think you will need in the coming months as the world economy copes with the destruction of the world’s reserve currency. We can expect the following events to occur during a dollar collapse in the United States (and possibly other countries as well): There will probably be no food in the grocery stores, no gas at the gas stations, no electricity or heating and no airplanes out of the country. Those in the United States should immediately get themselves and their money out of the country. Because if the currency collapses at the speed that Lindsey Williams said that it would, this will create shortages, civil unrest and rioting, which will justify martial law within the United States.

So if you are reading this, and John McCain is President and oil is around $50 a barrel, that means that the dollar is on the verge of a complete collapse. And I don’t think any of us want to imagine what life would be like in the United States after the currency collapses. Now is the time to panic. Get out now!

There are now many respected people and institutions, including Merrill Lynch and Goldman Sachs, who are predicting $50 oil.

CNBC - "Commods Bull Goldman Turns Bearish, Warns on $50 Oil" [October 13th, 2008]

Financial Post - "Why OPEC Won't Fight Hard for $100 Oil" [October 7th, 2008]

Reuters - "Analysis: Oil can fall to $50-$60 if credit stays tight" [October 13th, 2008]

Calgary Herald - "Slump could trigger $50 oil" [October 3rd, 2008]

Forbes - "Russia Kudrin: no oil output cut, ready for $50/bbl" [October 11th, 2008]

Watch the following lecture and interview and hear for yourself what Lindsey Williams has been saying, noting the dates at which he made his predictions.

Lindsey Williams Lecture – The Energy Non-Crisis [December 2005] (01:15:08)
http://video.google.com/videoplay?docid=3340274697167011147

Lindsey Williams – Interviewed by Jeff Rense [July 22nd, 2008] (4 Parts)
Part 1 (10:01)
http://www.youtube.com/watch?v=cBKB7-LvAik
Part 2 (09:52)
http://www.youtube.com/watch?v=JFy-rye_ek4
Part 3 (09:55)
http://www.youtube.com/watch?v=K8W6GVOY-PM
Part 4 (06:16)
http://www.youtube.com/watch?v=JvcQx9EqGw4

The Energy Non-Crisis – Online Book (Full Text)
http://www.reformation.org/energy-non-crisis.html

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Other Interviews and Lectures Lindsey Williams:

Lindsey Williams Lecture - Syndrome of Control [December 1986]
http://video.google.com/videoplay?docid=5541564304553695985

Lindsey Williams Lecture – The Energy Non-Crisis [May 2006] (1:24:01)
http://video.google.com/videoplay?docid=-7889976507340301551

Lindsey Williams – Interviewed by Butch Paugh [July 9th, 2008] (5 parts)
Part 1 (09:42)
http://www.youtube.com/watch?v=wQDw9M_2dGw
Part 2 (09:36)
http://www.youtube.com/watch?v=9h6Nzr_8lKI
Part 3 (09:42)
http://www.youtube.com/watch?v=Fke1xjLLn-E
Part 4 (10:06)
http://www.youtube.com/watch?v=FeuvaE9Ia7A
Part 5 (10:18)
http://www.youtube.com/watch?v=U9q9hYDmBeQ


Lindsey Williams – Interviewed by Liberty Radio [July 25th, 2008] (3 parts)
Part 1 (10:54)
http://www.youtube.com/watch?v=qQ-kplx2X8M
Part 2 (08:31)
http://www.youtube.com/watch?v=Z0e1Mw0uPKk
Part 3 (08:46)
http://www.youtube.com/watch?v=RYwQL1nGZNI

Lindsey Williams – Interviewed by Alex Jones [July 28th, 2008] (7 parts)
Part 1 (10:44)
http://www.youtube.com/watch?v=5QsKUMm906Y
Part 2 (10:56)
http://www.youtube.com/watch?v=4t1O4Xhy4bo
Part 3 (10:59)
http://www.youtube.com/watch?v=-LYTp0OTRro
Part 4 (10:58)
http://www.youtube.com/watch?v=aNmMF4QEhTM
Part 5 (10:57)
http://www.youtube.com/watch?v=1CDN1eiNyZ8
Part 6 (10:56)
http://www.youtube.com/watch?v=G-DBhFe2QZA
Part 7 (04:57)
http://www.youtube.com/watch?v=ytOtYcLXAWk