It’s time for a new economic plan, America – one that grants U.S. citizens the same access to liquidity that was served up to the Wall Street financial sector (2008-2010)

The Federal Reserve and U.S. Treasury provided trillions of dollars in direct liquidity transfers and credit guarantees to resuscitate the Wall Street banking interests along with foreign institutions following their gambling binge in the subprime debt casino – and restore them to “financial health.”

It is now time to equal access to liquidity conduits for American families – to help restore them also to “financial health.”

News clips:                                                                                                                          Half of American Households Living Paycheck To Paycheck…                                       More cash-strapped Americans turn to tax refund advances…

ZeroHedge 03/06/2015 Why No Wage Increases: More Than Half Of Jobs Added In February Were Lowest-Quality, Lowest-Paying    

“The three biggest single-category jobs added in February (because Professional services includes numerous occupations), were also the three lowest quality, lowest paying ones:                                                                                                                 Leisure and Hospitality, added 66K jobs
Education and Health added 54K
Retail trade added 32K                                                                                                Together these three job categories accounted for 152K jobs, or more than half the total February job gains. They also represent the lowest paid jobs in the US”

Americans Not In The Labor Force Rise To Record 92.9 Million As Participation Rate Declines Again

RealtyTrac – February 2015:  “There are currently 919,727 properties in U.S. that are in some stage of foreclosure (default, auction or bank owned)”

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There is one economic acceleration plan in America that can turn this picture around.

The Leviticus 25 Plan 2015 –  $70,000 per U.S. citizen                                                    The Leviticus 25 Plan 2015 (836)

Fed’s “secret” single-tranche open market operation bailout fire-hosed $855 billion out to Wall Street financial institutions during the 2008 crisis. The big winners: foreign banks.

 

Bloomberg’s Bob Ivry discovered, through an FOIA request, that the Federal Reserve had been running a “secretive bailout operation between March and December 2008, under which banks borrowed as much as $855 billion over the time frame for a rate as low as 0.01%.”

The Fed subsequently disclosed: “The Federal Reserve System conducted a series of single-tranche term repurchase agreements from March 2008 to December 2008 with the intention of mitigating heightened stress in funding markets.

These operations were conducted by the Federal Reserve Bank of New York with primary dealers as counterparties…this program helped to address liquidity pressures evident across a number of financing markets and supported the flow of credit to U.S. households and business.”   (Source: ZeroHedge 07/06/2011  – Fed Releases Details On Secret $855 Billion Single-Tra… )

The 5 heaviest borrowers were foreign banks – raking in a cool $593 billion:                Credit Suisse, Deutsche Bank, BNP Paribas, RBS and Barclays.

UBS Securities, LLC ($56.9 billion) was #6 on the list.

#7 Goldman Sachs received $53.4 billion – much of it borrowed at a rate of .01% (one basis point).
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The Fed ‘created’ various funding facilities during the financial crisis to bailout Wall Street’s financial market:
Term Auction Facility (TAF)
Commercial Paper Funding Facility (CPFF)
Primary Dealer’s Credit Facility (PDCF)
Term Securities Lending Facility (TSLF)
Asset-backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF)

Wall Street financial institutions also received massive liquidity transfusions at the Fed’s Discount Window (DW).

The one the Fed tried hard to keep out of the spotlight involved the “secret” single-tranche  OMO’s – through which they ‘ladled out’ a whopping $855 billion.

Again, the Fed deemed this necessary to mitigate the “heightened stress in funding markets” (translation: Wall Street’s leveraged speculation strategies got broad-sided by the great mortgage market default wave, and funding markets ‘seized up’).

In the Fed’s own words, the secret ST OMO program “helped to address liquidity pressures evident across a number of financing markets and supported the flow of credit to U.S. households and business” (translation: the biggest and mightiest financial institutions on Wall Street had suddenly developed gaping capital holes… many were on the verge of ‘going under’… and they needed a liquidity lifeline to survive).
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It is now time to “mitigate heightened stress” and to “address liquidity pressures” being experienced by American families.

The Leviticus 25 Plan is a dynamic economic initiative providing direct liquidity benefits for American families, while at the same time scaling back the role of government in managing and controlling the affairs of citizens.  It is a comprehensive plan with long-term economic and social benefits for citizens and government.

The inspiration for this plan is based upon Biblical principles set forth in the Book of Leviticus, principles tendering direct economic liberties to the people.

The Leviticus 25 Plan 2015 –  $70,000 per U.S. citizen                                                    The Leviticus 25 Plan 2015 (833)

Ask yourself what’s wrong with this picture….

Our U.S. government has been hard at work… printing money to help rescue foreign, debt-logged nations.  Note – the U.S. funds approximately 17% of the International Monetary Fund (IMF) budget:                                                                                            IMF Approves $17.5 Billion Ukraine Bailout  – Drudge 3/11/2015

…printing money and spreading cheer to non-citizens:                                                    Amnestied Illegals Will Soon Collect Social Security Benefits…

And our U.S. Federal Reserve worked especially hard during the financial crisis, creating funding facilities to spread trillions of dollars in emergency loans, credit guarantees, and Fed Discount Window instant liquidity services to (primarily) the Wall Street financial sector (to resuscitate them after their subprime deb gambling binge debacle).

The fruits of the Fed labors – following trillions of dollars in disbursements and credit guarantees:

1.  Wall Street – ZeroHedge March 2015                                                                           Wall Street Bonuses Rose 2% in 2014 To $172,860: 427% Increase In 20 Years

2.  Main Street – ZeroHedge March 2015:                                                                           Q1 GDP Now Just 0.3% According To Fed Model                                                      Housing Starts Collapse Most In 8 Years To 18 Month Lows                                           US Manufacturing Output Falls For 3rd Month – Worst Since Lehman

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It is time for change.

America needs a new plan – one that grants U.S. citizens direct access to liquidity. Period.

The same access that our government has been granting to Wall Street’s financial sector; the same access that has been gifted to foreign nations; and the same access that is now being granted to …non-citizens.

America needs an economic revival plan that will treat all U.S. citizens the same;         relieve debt burdens and restore financial stability for American families;                  generate real economic growth;                                                                                   balance the budget and promote tax reduction;                                                                  and pay for itself over a 10-15 year period.  :

The Leviticus 25 Plan 2015 –  $70,000 per U.S. citizen                                                    The Leviticus 25 Plan 2015 (826)

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“Democracy and socialism have nothing in common but one word, equality. But notice the difference: while democracy seeks equality in liberty, socialism seeks equality in restraint and servitude.”   –  Alexis de Tocqueville

 

 

 

 

 

 

 

 

Big government central planning: trillions of dollars dispensed, and the poor got poorer

The U.S. Government has assumed a growing role in the allocation of resources, particularly in the years since 2008. Big government programs now dominate every aspect of society in America, from social welfare, to healthcare, to housing, to student loans.

During the economic crisis (2007-2010) government-directed liquidity flows, literally trillions of dollars, in the form of bailouts, emergency lending, credit guarantees, and access to the Fed’s discount window were used to backstop Wall Street’s financial sector when its colossal subprime gambling binge blew up balance sheets all across the map.

The big banks were effectively rescued, and restored to “financial health.”  It was one of the largest wealth transfers ever in U.S. history –  from working Americans to Wall Street.

The rich got richer, thanks to big government central planning.

So, how have the poor fared since 2008?

The bottom quartile (lowest 25%) of Americans, by net worth, have been caught in a sharply rising leverage updraft. The poor have gotten poorer.  Thank you again, big government central planning.

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It is time now to level the playing field and grant U.S. citizens, across the board, the same access to liquidity that has been preferentially extended to Wall Street’s financial sector.

It is time to reduce the scope of government and minimize government’s domination of the daily affairs of citizens.  It is time to restore economic liberty.

The Leviticus 25 Plan 2015 –  $70,000 per U.S. citizen                                                    The Leviticus 25 Plan 2015 (818)

 

 

 

 

European Central Bank (ECB) and Bank of Japan (BOJ) heading out on a binge-printing spree

The ECB and BOJ are gearing up for a grand 2015 ‘paper’ parade.

ZeroHedge 03/09/2015:
The ECB has announced that its asset purchasing programs will monetize about €720 billion per year (€60 billion per month) of German gross Bund issuance in 2015.
Across the globe, the “Bank of Japan, they will monetize 100% or just over of all Japanese gross sovereign bond issuance (source).”

“As for Germany, on a run-rate basis, and assuming allocation based on the abovementioned capital key, it means that for the next 12 month period, assuming no major funding changes in Germany, the ECB will swallow more than a whopping 140% of gross German issuance!”

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So what does this really mean..?

The ECB will be printing Euros — and giving it (paper) to Germany to fund the German government operating budget.  In exchange, the ECB will receive German IOUs (paper).

In like manner, the BOJ will be printing Yen (paper) — and handing it over to the Japanese government to fund their operating budget, also in exchange for IOUs (paper).

Do any citizens anywhere, at ground level, win in this shell game?

No.

Nothing ever gets resolved in perpetuating this cozy protective relationship between governments and banking systems.

What the world needs is for people to demand that Central Banks grant direct access to liquidity to citizens – to eliminate debt at ‘ground level.’

And it needs to happen soon. Before the big ‘reset’ tsunami hits.

Here is America’s solution:

The Leviticus 25 Plan 2015 –  $70,000 per U.S. citizen                                                    The Leviticus 25 Plan 2015 (816)

U.S. Taxpayers bailed out German and French Banks – on their Greek debt gambling binge…? (Yes.)

The International Monetary Fund (IMF) disbursed $780 million in a bailout package to Greece in July 2011. They funded a second large bailout package of $36.7 billion in March 2012 (Reuters, 3-15-12).

IMF receives somewhere between 17.07% to 21% of its budget courtesy of the U.S. government.                                                                                                                      Make that “U.S. taxpayers.”

A new report, hot off the presses, sheds additional light on exactly where a healthy share of that money went (ZeroHedge 03/04/2015):                                                           IMF Director Admits: Greek Bailout Was “To Save German & French Banks”
The IMF has admitted that the various Greek bailouts were not for The Greeks at all… “They gave money to save German and French banks, not Greece,” Paolo Batista, one of the Executive Directors of International Monetary Fund told Greek private Alpha TV on Tuesday.   Source: Keep Talking Greece
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So….here we have the U.S. government funding billions of dollars of the IMF budget – and a healthy proportion of that money is going to bailout German and French banks on their ‘bad’ debt gambles in Greece..?

Meanwhile, back here in the U.S., 46 million Americans are existing on foot stamps…

And, according to a recent Treasury Flow of Funds report, Total Consumer Credit Outstanding has been in a steady climb, reaching $3.312 Trillion in December 2014.

And, according to RealtyTrac’s Market Summary for January 2015:
“There are currently 943,288 properties in U.S. that are in some stage of foreclosure (default, auction or bank owned) …”

It is time for change.

It is time for U.S. citizens to be granted the same access to their own money that is being granted to foreign banks and other foreign nation creditors.

The Leviticus 25 Plan 2015 –  $70,000 per U.S. citizen                                                    The Leviticus 25 Plan 2015 (809)

Central Banks set to monetize “100% of global sovereign debt”

Governments around the world are sliding deeper and deeper into the fiscal hole, and Central Banks are printing ‘paper’ (or the digital equivalent of ‘paper’) to purchase government debt – and pretend that everything is OK.

ZeroHedge 02/09/2015 reports: Stunning Chart Of The Day: For The First Time Ever, Central Banks Will Monetize More Than 100% Of Global Sovereign Debt

“But not even we had any idea just how bad it really would get….
for the first time ever, “developed” central banks are now monetizing more than 100% of global sovereign debt issuance!”

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Central Banks are madly pumping liquidity out through the fire hoses to prop up financial markets, member banks and other fiduciary entities in the financial system, along with numerous corrupt, bloated, inefficient government systems around the world.

The one true solution to the global debt hole is to grant direct liquidity extensions to citizens.

And there is one plan and one plan only:

The Leviticus 25 Plan 2015 –  $70,000 per U.S. citizen                                                    The Leviticus 25 Plan 2015 (807)