Bank for International Settlements (BIS) warns ‘no bullets left’ to deal with looming financial crisis

The Bank for International Settlements (BIS), headquartered in Basel, Switzerland, has warned that the world has no monetary policy ammunition left to mitigate contractionary forces which will most certainly emerge as the next economic storm slams home – across the globe.

In its most recent annual report, the BIS warns of the “likelihood of turbulence,” while exposing the “illusion that markets will remain liquid under stress.”

“The more one stretches an elastic band, the more violently it snaps back,” and Central Bank policy makers, the BIS admonishes, have “no bullets left.”



That may be true for those who believe that all economic solutions must flow through global banking systems… and big government central-planning orchestrations.

They do not.

The best and truest solutions involve decentralization, the allocation of resources by individual citizens within a nation, and the economic liberties generated by free-market dynamics.

The Leviticus 25 Plan 2015 –  $70,000 per U.S. citizen                                                  The Leviticus 25 Plan 2015 (999)




U.S. government colossus – lumbering toward the cliff…

Through the first 8 months of the current fiscal year (Oct – May 2015), the U.S. government took in record revenue (thanks in large part to layers of new ObamaCare taxes), but piled up an additional $365 billion in deficits

(June 12, 2015 – – Inflation-adjusted federal tax revenues hit a record $2,103,987,000,000 for the first eight months of the fiscal year this May, but the federal government still ran a $365,156,000,000 deficit during that time, according to the latest Monthly Treasury Statement.

Each month, the Treasury publishes the government’s “total receipts,” including all revenue from individual income taxes, corporate income taxes, social insurance and retirement taxes (including Social Security and Medicare taxes), unemployment insurance taxes, excise taxes, estate and gift taxes, customs duties, and “miscellaneous receipts.”

Source:  $2.1 Trillion: Tax Revenue Hits Record Through May…


The Congressional Budget Office (CBO) has projected a $469 billion budget deficit for FY2015.  In reality, we are likely to hit that level by the end of June… and then keep on plowing deeper into the red through the end of September…:

Budget projections (2013-2024) – CBO:

The CBO projects an annual deficit accumulations of an additional $7.196 trillion through 2024.  And that “rosey scenario” projection is based upon ‘nothing going wrong’ out there in the world to negatively affect economic cycles..We will be fortunate to hold that increase to under $8-9 trillion in additional deficits..

We are up to our eyeballs in debt,

We need a new plan in America – one that unleashes the power of decentralization, economic liberty, and free market dynamics.

The Leviticus 25 Plan 2015 –  $70,000 per U.S. citizen                                                  The Leviticus 25 Plan 2015 (978)


2015: the modern imperative for The Leviticus 25 Plan

Government control of the allocation of resources in America  has expanded aggressively over the past 10-12 years. The U.S. government has effectively nationalized the health care industry, the housing market / mortgage industry, and the student loan industry,

The U.S. government has created a dependency monster, with millions of American families dependent on ‘the state’ for food, shelter, clothing, and many the other basic necessities. It is a powerful tool for government to use to ‘control’ people.

America is on a dangerous path, one that threatens basic liberties in every facet of life.


“Economic control is not merely control of a sector of human life which can be separated from the rest; it is the control of the means for all our ends. And whoever has sole control of the means must also determine which ends are to be served, which values are to be rated higher and which lower-in short, what men should believe and strive for.”    – F.A. von Hayek

Only if we understand why and how certain kinds of economic controls tend to paralyze the driving forces of a free society, and which kinds of measures are particularly dangerous in this respect, can we hope that social experimentation will not lead us into situations none of us want.”  – F.A. von Hayek

Austrian-born Freidrich A. von Hayek (1899-1992) is considered by many be be the greatest economist of the 20th Century. Hayek was a co-recipient of the Nobel Memorial Prize in Economics (9 October 1974).  His famous book, The Road to Serfdom, was written to expose the dangers of totalitarianism and how those roots sprouted the fascist system in Nazi Germany.


The Leviticus 25 Plan returns economic control and the allocation of resources to the people.

It reduces (and eliminates) dependence on the state. And it restores economic liberty,

The Leviticus 25 Plan 2015 –  $70,000 per U.S. citizen                                                  The Leviticus 25 Plan 2015 (978)

The Leviticus 25 Plan – hyperinflationary?

Question: Wouldn’t The Leviticus 25 Plan initial $16.8 trillion disbursement direct to U.S. citizens lead to hyperinflation?

Answer: No. By far,the greater hyperinflation threat would be realized by NOT shifting away from the current big-government, central-planning approach to managing the nation’s financial affairs.

The U.S.government and the Federal Reserve have already set America on a hyperinflationary track with the snowballing federal deficits, stagnant economic growth, runaway social/entitlement spending, and the previous years’ Permanent Open Market Operation (POMO) activities necessary to support orderly Treasury auctions and rate cap management
The Leviticus 25 Plan, on the other hand, would improve economic and healthcare
efficiencies in the marketplace and revitalize economic growth. It would generate a balanced budget for the federal government for each of the first five years and a
lleviate current, persistent pressures to ‘print’ fiat currency.

A. A large percentage of the $16.8 trillion credit extension would simply replace money that is already being spent by federal and state governments (welfare spending, healthcare benefits claims, unemployment benefits, etc.). This replacement spending would not be inflationary.

B. The disbursements ($4.8trillion) into Medical Savings Accounts (MSAs) would
generate new efficiencies in the healthcare market place, significantly reducing costs
– over time.

C. A large percentage of the $12.0 trillion going into Family Accounts would be allocated toward reducing and eliminating trillions of dollars in mortgage and installment debt.
“Debt service” is not inflationary.

The Leviticus 25 Plan would support prices and counter persistent deflationary pressures in the global economy. Over the longer term, by supporting free market allocation of capital rather than a big government allocation of capital, it would promote new efficiencies in nearly all markets across the economic spectrum, thereby stabilizing prices and minimizing inflationary risks.

The Leviticus 25 Plan would usher in price stability, in place of price distortion effects of the current central-planning model currently driving our economic affairs..

If America does not change its current track soon, there will be a severe inflationary reset ahead.

June 2015: U.S. all sectors ‘debt crater’ – the one and only road out starts at ‘ground level’

All public and private sectors of the U.S. economy are sinking deeper into a massive debt crater.

Excerpts from the Economic Collapse Blog

Business debt in the U.S. has doubled since 2006. U.S. nonfinancial companies’ debrt has now “skyrocketed to $5.8 trillion,” according to USA Today:

Companies are sitting on a record $1.82 trillion in cash. That might sound impressive until you hear companies owe three times more – $5.8 trillion, according to a new report from Standard & Poor’s Ratings Services.

Debt levels are soaring at U.S. non-financial companies so quickly – total debt outstanding rose $650 billion in 2014, which is six times faster than the $100 billion in added cash.

“New data released by The Associated Press shows student loan debt is over $1.2 trillion, which is more than double the amount of a decade ago.”

Consumer debt levels are marching ‘northward’….

consumer credit outstanding

The average new car loan has reached a record 67 months, reports Experian, the Ireland-based information-services company. The percentage of loans with terms of 73 to 84 months also reached a new high of 29.5% in the first quarter of 2015, up from 24.9% a year earlier.

Long-term used-vehicle loans also broke records with loan terms of 73 to 84 months reaching 16% in the first quarter 2015, up from 12.94% — also the highest on record.

U.S. government debt is perched up over $18 trillion… and climbing:

National Debt


There is one way out….

The Federal Reserve and Treasury department pumped trillions of dollars in direct emergency loans, credit guarantees and toxic asset purchases to bailout the Wall Street financial sector during the 2007-2010 financial crisis – in what is known as the “largest wealth transfer from main street America to Wall Street, in the history of our Republic.

It is now time to grant American families the same direct access to liquidity that was granted to Goldman Sachs, Morgan Stanley, Citigroup, Bank of America, JPMorgan, Royal Bank of Scotland, State Street Corp, UBS AG, Barclays, Deutschebank, Merrill Lynch & Co, Wells Fargo, Credit Suisse Group AG, Bears Stearns, and many others.

There is a clear path out of this economic hellhole:  Targeted liquidity infusions – direct to U.S. citizens:                                                                                                    Massive debt reduction/elimination at ‘ground level’ across America                         Robust economic growth                                                                                   Dynamic tax revenue growth – balanced budgets                                               Economic liberty

The Leviticus 25 Plan 2015 –  $70,000 per U.S. citizen                                                  The Leviticus 25 Plan 2015 (970)


The Economist: “Watch out – the world is not ready for the next recession”

The fear is that with interest rates already at historic lows, the Central Banks do not have any ‘dry power’ left to counter the harsh forces of economic contraction – should that befall us…



The Fed most certainly does have dry power available….

And this dry powder, ounce-for-ounce, has more power in it than anything the Fed has ever used to stock its arsenal:

The Leviticus 25 Plan 2015 –  $70,000 per U.S. citizen                                                  The Leviticus 25 Plan 2015 (968)


IRS “refunding billions on fake tax returns”…

IRS Admits Refunding Billions On Fake Tax Returns | Zero …  / .May 29, 2015 – excerpts:

The report by the Treasury Inspector General for Tax Administration shows the Internal Revenue Service continued to pay refunds on hundreds of thousands of fraudulent tax returns in recent years, and sent dozens of checks to the same addresses, including in Eastern Europe and elsewhere. As The Wall Street Journal reports,

The new IG report says the IRS took steps for the 2013 filing season that resulted in “increased detection and prevention of identity theft tax returns.” But it said the agency continued to be hampered by several factors, including its inability to look at employer income data during the early weeks of the annual filing season.

The IG found that the IRS missed almost 800,000 potentially fraudulent tax returns.

In response, the IRS said it disputed some of the IG’s methodology. It thinks more than half of the nearly 800,000 returns identified by the IG should not be considered potentially fraudulent.

“Much more work remains, but it’s important to note that our actions have led to an increasing number of fraudulent returns being detected and stopped — despite challenging budgets in recent years,” the IRS said in a statement.

Where are the fraudulent returns going?


The U.S. government has been paying out billions of dollars in false tax returns.

Billions of dollars have also been sent over to bail out Greece, to help them pay off some of their massive debt obligations to major banks and hedge funds.

The U.S. government also paid out billions to bailout Ukraine.

And the government back-stopped Wall Street’s financial services industry with trillions of dollars in emergency lending, credit guarantees, and toxic asset purchases when their subprime gambling binge hit the mountain.

It is now time to give direct access to liquidity to the people who deserve it the most –  U.S. citizens.

The Leviticus 25 Plan 2015 –  $70,000 per U.S. citizen                                                  The Leviticus 25 Plan 2015 (958)



June 2015 – U.S. economy fading into stall mode…

The U.S. Bureau of Economic Analysis recently reported negative growth in the economy for the first quarter of 2015. GDP came in at -0.7%.


Charts – courtesy of ZeroHedge 5/13/2015:                                                            Wholesale sales – negative…


Wholesale Inventories / sales ratio spiking higher – to levels normally associated with recession economies.



America needs some new answers, and it is not getting any from Washington’s big-government thinkers and central-planning technocrats.

It is time now to unleash the power of economic liberty and free-market dynamics.

The Leviticus 25 Plan 2015 –  $70,000 per U.S. citizen                                                  The Leviticus 25 Plan 2015 (951)

Dear U.S. Congress: You bailed out Wall Street, but problems remain in Main Street America… foreclosures, consumer debt, food stamps

Dear U.S. Congress:

There are 852,589 American families currently in line to lose their homes to foreclosure.  This comes on top of the 14 million families who lost their homes to foreclosure between 2008-2014.

U.S. household debt currently tops $11.9 trillion.

And 45 million Americans depend on food stamps to put food on the table.

Where is your plan to change any of this for the better?

Where is your plan to help U.S. citizens regain ‘financial health’ … in the same way that you helped Wall Street’s financial sector regain its ‘financial health — with trillions of dollars in emergency lending, TARP, and credit guarantees?

Where is your plan to reduce the scope of government, and help Americans become self-reliant, instead of ‘dependent’ on government?


RealtyTrac – Market Summary
There are currently 852,589 properties in U.S. that are in some stage of foreclosure (default, auction or bank owned) …. In April, the number of properties that received a foreclosure filing in U.S. was 3% higher than the previous month and 9% higher than the same time last year.                   Source:


Here are statistics, trends, studies and methodology behind the average U.S. household debt.
Current as of May 2015
U.S. household consumer debt profile:
• Average credit card debt: $15,609
• Average mortgage debt: $156,706
• Average student loan debt: $32,956

In total, American consumers owe:
• $11.91 trillion in debt
o An increase of 2.6% from last year
• $884.8 billion in credit card debt
• $8.2 trillion in mortgages
• $1.18 trillion in student loans
o An increase of 7.5% from last year
Source:  American Household Credit Card Debt Statistics: 2015 ……/average-credit-card-debthouse..


Food Stamps:  SNAP participation was 45,682,474 persons in February 2015 …


To Congress:

Here is the plan to restore financial health for American families, restore economic liberty, and reignite economic growth in the U.S. economy:

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 (948)