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You Have To Get Out Of Debt

NB: This article was written by James Harkin and may not be the thoughts or opinions of Pastor Lindsey Williams or

You Have To Get Out Of Debt


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Pastor Lindsey Williams has been telling you to get out of debt for many years. Many of you have already gotten out of debt and are preparing for the worst. However, many more of you have not heeded his advice and face an uncertain future.

In recent years credit was easily available to anyone and as recent as 2007 a mortgage could be assigned by anyone who wanted to buy a house. A permanent income suggests consumers take debt to smooth consumption throughout their lives, borrowing to finance expenditures, particularly housing and schooling. Come January 1st 2014 all this will change…

On January 1st 2014 the new Affordable Health Care Choices Act of 2009 under its new name the Patient Protection and Affordable Care Act (HR 3590) will change the USA forever. To scratch the surface this legislation will turn the USA into a nation of part-time workers. The act incentivises employers to keep employees' work hours below 30 hours per week. Many corporations have already begun to cut workers' hours to avoid this obligation and the impact is twofold: fewer hours’ means less pay while losing current health benefits. The flipside is that the government will expect workers to find additional jobs, but ultimately will there be enough jobs to go around? A 30 hour work week at the national average minimum wage at $7.25 per hour is $217.50 per week (down from $290 per week at 40 hour average work week). We'll see many people losing their homes, businesses will fold because people will by force cut back on their spending. Ultimately it will be 2008 all over again, and this time on a much larger scale.

You Have To Get Out Of Debt
You Have To Get Out Of Debt

If you have any kind of debt, consumer or otherwise, it is time to prioritise and either pay it off or give whatever you have financed back to whoever gave it to you.

If you have credit card debt, payday loans, other consumer finance, student loans, automobile finance, high end electronics, furniture, white goods and any other kinds of finance, if you can pay it off, do so. If you can give it back, do so.

You have to get out of debt. I doesn’t matter what it takes, how much sacrifice you must make you will lose anything that is debt when the crash takes place. There is no sense in making the payments anymore on that fancy car because you are going to lose it. If you don’t lose it now because you have trouble with the economy you will lose it later because of the crash.

The elite want you in debt, because being in debt makes you more susceptible to manipulation. For example, if you have credit cards, loans, rent or mortgage, monthly payments for vehicles and equipment you need a certain amount of money every month to pay it. When the company you work for goes bankrupt, and it will, you are going to find it extremely difficult to pay your bills. If you have a high debt load you will have to pay that before you can feed and clothe your family.

The situation is bleak my own family had this issue because of the economy right now. After working for many years in management for a construction company my father was laid off just before retirement with an outstanding debt burden of loans and credit cards. He thought he could work a few more years and pay it down. However, because of his age and the construction industry being so weak he was forced to take out a retirement mortgage on his house to spread his payments out over a longer period. His home is now mortgaged until he is 85 and the bank takes 1/3 of his pension that he could have used to enjoy his retirement. Do you want to be in the same situation as my father, ultimately paying the elite for the rest of his life?

Imagine when the crash takes place you no longer have a high paying middle-class job, how are you going to pay your debts? How much stress and resulting illness will be caused because you have lived beyond your means and have become accustomed to living this way? How many marriages split because of the lack of money and high debts?

You Have To Get Out Of Debt
You Have To Get Out Of Debt

Let me assure you from first-hand experience this is happening and you now only have a short window in order to prepare. This is not fear-mongering it is practical advice that could save you and your family from the soup line or worse still FEMA camp. Talking about soup lines, the elite cut the Supplemental Nutrition Assistance Program (SNAP) by $39 Billion and introduced asset tests. This is happening throughout the west, not just in the US.

Let me ask you a question, do you have a fancy car that you bought brand new and make monthly payments? Why did you buy this car? Was it for you to get from A to B? Was it for you to impress your friends and family? Do you really need this particular vehicle or would any vehicle do? When the currencies collapse and the banks close and you can no longer afford to pay what are you going to do when the finance company repossesses it? Give that fancy automobile back to the finance company. Buy yourself a cheap, economical and easy to repair vehicle that will get you from A to B without the debt. Think like this for everything you have bought on finance.

You must consider what is more important status and the soup line with your friends who ignored the warnings or living frugally but relatively comfortable without the burden of debt. I know the route I have chosen and I don’t care who laughs…

I would add to this by saying stop spending unnecessarily, do you eat out a lot? Maybe eating food cooked at home may save you money? Do you buy expensive designer clothing? Maybe a cheaper alternative, even a second-hand outfit would do? You need to sit down and take stock of how much money you waste and see how much you could save. Do you go to Starbucks for coffee? Go to the bar for drinks? Smoke a lot of cigarettes? We all know it’s hard to cut back, but you now have to think of what’s more important. Use the money you save from cutting back for more important things that you need to see you through the crash. You could buy gold and silver with the money you save and buy the things you need as well as storable food and water. Protecting your family from hardship is top priority and now more than ever.

By following all of the ten steps that Pastor Williams has outlined you will most certainly survive the crash. I know it looks like doom and gloom, but ultimately when the dust settles those who are prepared will reap the rewards.

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Please check out the other sections of the 10 Steps To Avoid The Crash article:



    • C. Camp
    • July 13, 2015

    We have our mortgage paid off but my children do not. I wish I could talk my husband into paying off their houses. Do you recommend this?

    (ED: You should discuss this with your financial advisor before making large financial decisions. Pastor Williams personally recommends: Pay off your mortgage, get out of paper assets, buy physical gold and silver, get out of debt, buy all you need for several months when supplies and services could be affected, get your medicine cabinet in order and last but not least, get your spiritual house in order. The guide I wrote in late 2013 is still valid, ‘10 Steps To Avoid The Crash‘ will help you survive and even prosper during any financial crisis.)

    • Bella
    • March 18, 2015

    You said in a video I watched that the banks would close down, so if they close, and you have credit card debt, who would you be paying, seems nobody, because if the bank goes out of business you no longer owe them money.

    (ED: New legislation means no bank can close down. A bank may be refinanced by its depositors by way of a bail-in or the bank can be bought out.)

    • iras
    • November 23, 2013

    Because it is a 101 course(beginners) article,
    I will not get into any detailed detail about certain subjects.

    Gold is a stable asset that keeps its purchasing power and
    preserves wealth. IRS has set standards with regards to your physical asset’s fineness,
    that ought to be followed to have your account investment. If you will get an interest inside IRA, it’s treated
    as the IRA beginning from the date in the
    transfer. There are, however, some things that you
    need being aware of once you decide to put together your own gold IRA.


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Protect and Secure Your Retirement Savings With Gold - Claim Your FREE Gold Investor Kit

Protect and Secure Your Retirement Savings With Gold - Claim Your FREE Gold Investor Kit