Trillions in Central Bank stimulus – global economies ‘coughing’ and ‘sputtering.’ Debt relief needed at ‘ground level’ – everywhere.

We Have Just Witnessed The Last Gasp Of The Global Economy                    Brandon Smith via Alt-Market blog

Global exports, and thus consumer demand, are plunging. Germany, the only pillar left to prop up the failing European Union, has experienced a severe decline in exports not seen since 2009.

China, the largest exporter and importer in the world, and Chinese companies, have been caught in a number of instances using fraudulent invoices to artificially inflate their own export numbers, in some cases reporting 50% more exported goods than had actually existed.

China’s manufacturing has also declined for the past five months, exposing the nature of its inflated export stats and indicating a global slowdown.

The Baltic Dry Index, a measure of global shipping rates for raw goods, and thus a measure of demand for shipping, continues to drag along near historic lows.

The U.S. consumer (the only economic asset the U.S. has besides the dollar’s world reserve status), has seen declines in spending as well as wages.

In the meantime, long term jobless Americans continue to fall off welfare rolls by the millions, making unemployment numbers look good, but the overall future picture look terrible as participation rates dissolve into the ether of government statistics.

How is such poverty being hidden? Food stamps. Plain and simple. Nearly 50 million Americans now subsist on food stamp programs today, and this number shows no signs of dropping. In states like Illinois, two people sign up for food assistance for every [one] citizen that happens to find a job.

Global Central Banks have been pumping ‘stimulus’ since 2008, and global economic health is anemic.

In the U.S., as the banking crisis intensified in the Fall of 2008, with major banking institutions assuming (or on the verge of assuming) ‘underwater’ status, the Federal Reserve ran quickly to the rescue with secret liquidity lifelines” (Bloomberg 8-22-11).
The Fed torpedoed standard collateral rules for banks, allowing “banks that could once borrow only against sound collateral, like Treasury bills or AAA-rated corporate bonds, could now borrow against pretty much anything – including some of the mortgage-backed sewage that got us into this mess in the first place…. ‘All of a sudden, banks were allowed to post absolute [expletive deleted] to the Fed’s balance sheet,’ [according to] the manager of the prominent hedge fund.” (Source: Bailout Hustle, Matt Taibbi).

The Federal Reserve invented various “facilities” to fire-hose liquidity out to the big banks and big brokerage firms, including these:                                                                    Primary Dealer Credit Facility (PDCF)                                                                            Term Securities Lending Facility (TLCF)                                                                Temporary Liquidity Guarantee Program (TLGP)                                                Commercial Paper Funding Facility (CPFF)                                                                    Term Auction Facility (TAF)                                                                                            Public Private Investment Program (PPIP)

And now it is time for the Fed to create one final ‘facility’ – one that will eliminate vast swaths of debt at ‘ground level’ and get America moving forward again.

A Citizens Credit Facility – for direct credit extensions to U.S. citizens.
The Leviticus 25 Plan 2015 – The $70,000 Solution                                                         The Leviticus 25 Plan 2015 (612)






Leave a Reply

Your email address will not be published. Required fields are marked *