November 29, 2012
World Net Daily recently reported that, “Since 2010, the U.S. Treasury Department and the Department of Labor have been holding combined hearings on various plans designed to introduce government-mandated retirement plans and investment options, including government annuities invested primarily in U.S. Treasury debt, into the private retirement savings market.
“This hearing was set up to explore why Americans are not saving as much for their retirement as they could,” explained National Seniors Council National Director Robert Crone, describing a recent Treasury-Labor hearing held in the Labor Department’s main auditorium.”
Now the problem with this – for those who have been watching the Fed print fiat money and extend it to the major banks and financial centers at ‘near zero percent interest’ – to solve America’s problems… Is that purchasing medium-to-long-dated Treasuries yielding 1.80% or even 3%… while the Fed keeps ‘printing away’ and ‘paper’ keeps losing value vs hard assets like food, oil, commodities, precious metals….those 1.80% to 3% Treasury yields will not (as in ‘no way in #%!!’) keep up with the inflation racking hard asset classes.
The Leviticus 25 Plan provides a better option for all Americans…
Allow U.S. citizens the same direct access to ‘zero-interest’ credit extensions from the Federal Reserve as that given to major domestic and foreign financial centers – in order to effect a ‘massive debt pay-down’ at the family level. Mortgages, HELOCs, car loans, credit card debt.
This massive reduction in debt service would provide for significant and long-lasting disposable income gains for Americans. And one of the many important benefits: It would slow (or stop) the home mortgage foreclosure waves ‘hitting’ every month.
And what would the banks and loan centers do with the heavy cash inflows received from debt pay-downs…?
Very simple. Let them buy the Government’s U.S. Treasuries. And let Americans make their own decisions about what investments are best for their own retirement accounts.
America needs a bold, new economic recovery plan that delivers real benefits direct to American families. A Plan that is non-political and presents the same opportunity for economic liberty to each and every American citizen.
The Leviticus 25 Plan.