The Swiss government plan vs. The Leviticus 25 Plan

The Swiss government is giving serious consideration to a proposed initiative by a group of intellectuals to pay each and every one of its adult citizens “£1,700 a month [$2500] whether they work or not in a bid to end poverty.”

“Under the proposed initiative, each child would also receive 145 francs (£100) a week. The federal government estimates the cost of the proposal at 208 billion francs (£143 billion) a year. 

Around 153 billion francs (£105 bn) would have to be levied from taxes, while 55 billion francs (£38 bn) would be transferred from social insurance and social assistance spending.”

Source;  Swiss Govt Proposes Paying EVERYONE $2,500 a Month…
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Under the Swiss Plan, a family of four (2 adults, 2 children) would receive approximately $5,300 per month, or $63,600 per year.

The Swiss Plan’s 5-year payout would amount to $318,000.

The Leviticus 25 Plan would involve a similar amount over the same 5-year period, granting a $75,000 credit extension to each family member via a Citizens Credit Facility, for a total of $300,000. The liquidity transfer would involve a one-time deposit in the amount of $200,000 into a Family Account and a $100,000 deposit into a Medical Savings Account.

The Leviticus 25 Plan grants citizens the opportunity to step out from their dependence on government and social welfare programs.  It frees them from the severely restrictive government-regulation-dominated, financially burdensome health care monstrosity known as the Affordable Care Act, and allows them to allocate health care spending in accordance with their needs and desires.

The Swiss plan includes significant new annual tax levies.

The Leviticus 25 Plan pays for itself through a broad-based ‘recapture’ process, with no new taxes. It has the capacity to eliminate massive debt burdens for U.S. citizens.  It will reignite economic growth and restore fundamental social and economic liberty in America.

………………………………………………………

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 2017 –  $75,000 per U.S. citizen                                                   The Leviticus 25 Plan 2017 (1320)

 

 

 

 

2016: Fed continues to shovel billions of dollars in free money out to U.S. and foreign banks…

The Federal Reserve continues to fire-hose free money, millions of dollars daily, out to “U.S. and foreign banks:”

The Fed created money of thin air,’ trillions of dollars of it, and transfused it into Wall Street’s financial sector during the 2008-2012 financial crisis. Many of those same U.S. and foreign banks are now parking large sums of that free money at the Fed, to earn billions of dollars in additional free interest.

The Fed is, in essence, taking our (U.S. citizens’) money and ladling it out to the big banks.

_______________________________

Federal Reserve set to dole out $12 billion to banks in 2016

Yahoo Finance – Dec 24, 2015  – Excerpts:

In 2016, the Federal Reserve will pay at least $12.2 billion to U.S. and foreign banks to keep the money created via its quantitative easing programs out of the economy…..

From 2008 to 2015, the Fed purchased over $4 trillion worth of bonds to stimulate growth in the economy...

To sterilize the vast sums of money that would otherwise circulate throughout the economy and cause price inflation, the Fed pays an above-market interest rate of 0.50% to banks on reserves, or digital cash, held at the Fed. Currently, banks are holding $2.5 trillion at the Fed and are paid $34.5 million per day in interest.

In addition to paying interest on reserves, the Fed conducts daily auctions to drain cash from the economy and maintain a floor on short-term interest rates. These reverse repo operations pay 0.25% and have averaged $154 billion per day since the Fed raised rates on December 16.

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It is time for U.S. citizens to be granted the same direct access to our own money.

The Leviticus 25 Plan 2017 –  $75,000 per U.S. citizen                                                  The Leviticus 25 Plan 2017 (1319)

The Leviticus 25 Plan Recapture, Part 3: Summary

The Leviticus 25 Plan is unquestionably the most powerful economic acceleration plan in America.  It is the only economic plan that pays for itself over 10-15 years.

The scoring model assumes that at least 80% of U.S. citizens will participate in The Plan.

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The Leviticus 25 Plan’s recapture provision regarding income tax refunds (where participating families agree to give up their tax refunds for a period of five years) will provide for a massive revenue recapture. The IRS reported issuing 109,171,000 refunds, totaling $304.001 billion for 2015 (through November 2015).

Income tax refund recapture:                                                                                             $304 billion X 80% participation = $243.2 billion / year for five years for a total of $1.216 trillion.

A proportional amount of this revenue would be transferred back to the Federal Reserve each year to reduce the $18.0 trillion balance sheet expansion of the Fed-based Citizen’s Credit Facility.

Aside from the ‘recapture revenues,’ the debt reduction benefits would lead to the elimination of major sums of mortgage / HELOC interest-expense deductions and with significant health care deductions, which would generate considerable new federal and state tax revenue.

Revitalized economic growth would result in more Americans working, paying taxes and social security and Medicare and Medicaid payroll taxes.

A. Means-tested welfare programs – assumes 80% participation by participants
Total “means-tested welfare spending” (federal, state) reached the $927 billion level in 2011. This is projected to reach the $1.6 trillion level in the year 2022.

Cost savings over the course of a 5-year ‘recapture period (federal and state spending):  Average Means-Tested Welfare spending of $1.1 trillion/year X 80% X 5 years = $4.4 trillion

Note: Medicaid cost savings is a factor of $5,000 deductible and a significant reduction in Medicaid-eligible families as more Americans become fully employed and covered under other more beneficial plans. Medicaid hit a record of 72,600,000 people enrolled for at least one month in 2012. CBO analysis projects that Medicaid “average monthly enrollment is expected to increase from 58 million in 2013 to 73 million in 2024.”

The cost savings under The Leviticus 25 Plan would be substantial.

B. Medicare savings – assumes 80% participation from Medicare recipients

In 2011 49.4 million Medicare beneficiaries collected approximately $564 billion in benefits “Americans paid $274 billion in Medicare taxes and premiums,” resulting in a deficit of approximately $290 billion. “Looking into the future, even the most optimistic estimate by the program’s trustees puts Medicare’s future unfunded liabilities at more than $38.6 trillion. More realistic projections suggest the shortfall could easily top $90 trillion” (CATO – Aug 24, 2012).

A 2011 GAO report estimated “$60 billion to $90 billion in fraudulent claims paid out each year.”

There are approximately 54 million enrolled Medicare beneficiaries in 2015, and that number is projected to grow to 64.9 million by 2020. Those numbers are expected to expand to 70 million by 2025 and to 77 million by 2030.The Plan’s recapture provision incorporates a $5,000 deductible per participant per year for Medicare eligible expenses.

Cost savings over the course of the 5-year ‘recapture’ period: 59.5 million Medicare recipients (projected average/year for the next 5 years) X 80% X 5 years X $5,000 deductible = $1.19 trillion.

Note: The Plan also assumes that with individual Americans managing the first $5,000 of their Medicare eligible expenses, fraud, overcharges/billing errors would be reduced.

C. Federal Employees Health Benefits Program (FEHB) – assumes 80% participation.
This health care program for civilian government employees (including Congress) and their dependents covers approximately 8.2 million insured at any given time. $5,000 deductible for FEHB eligible expenses that would be a direct cost to the government.
Cost savings over 5-year recapture period: 8.2 million X 80% X $5,000 X 5 years = $164.0 billion

D. VA Healthcare savings – assumes 80% participation from VA Priority Group members.
$5,000 deductible for VA eligible expenses that would be a direct cost to the VA.
Veteran’s participation noted in Priority Groups (2014):
1, 2, 3, 4, 5, 6, 7A, 7C, 8A, 8B, 8C, 8D, 8E, 8G = 5,586 million enrollees plus 305,000 non-veteran recipients
Cost savings over 5-year ‘recapture’ period: 6.16 million X 80% X $5,000 X 5 years = $123.0 billion

E. TRICARE – healthcare program for service members, retirees and dependents
Cost savings over 5 years: 9.5 million recipients X 80% X $5,000 X 5 years = $190.0 billion

F. Supplemental Security Disability Income (SSDI) – participants are ‘off’ SSDI.
The Plan assumes 80% participation of the approximate 12.2 million disabled beneficiaries and non-disabled dependents who received total payments of $132.64 billion during 2014.
Cost savings over 5-year recapture period: $132.64 billion X 80% X 5 years = $530.56 billion

G. Supplemental Security Income (SSI) – participants are ‘off’ SSI. The Plan assumes 80% participation of the current 8,335,457 recipients receiving $54.693 billion (2014).
Cost savings over 5 years: $54.693 billion X 80% X 5 years = $218.8 billion

H. Unemployment benefits – assumes 80% participation / $111.6 billion in payouts per year.

Unemployment benefits ($319 billion 2008-10) – $106 billion / year
Federal government has paid $109 billion of that bill.

Liabilities: 31 states have $41 billion in loans outstanding to cover unemployment
insurance payouts – a figure that is expected to rise further through 2015.
Extended federal unemployment benefits (~$56 billion over 10 years) – $5.6 billion/year
Cost savings over the 5-year ‘recapture’ period: $111.6 billion X 80% X 5 years = $446.4 billion

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Miscellaneous savings:
I. Stimulus bill – Additional stimulus bills would not be needed.

J. Corporate welfare – current $250-$300 billion / year.
Cutting 125 programs (Cato) would save taxpayers $85 billion per year.
Cost savings over 5 years: $85 billion/year X 5 years = $425 billion

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Total from Recapture Provisions:

The Leviticus 25 Plan total recapture benefits over the first five years of the program (Income tax refund recapture plus A thru J above): $8.904 trillion, for an average of $1.78 trillion per year.

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The Leviticus 25 Plan – primary scoring assumptions

The Plan assumes an 80% participation rate by U.S. citizens. Wealthier Americans would likely not participate, due to the size of their refunds. Certain individuals in the lower socio-economic sector would not participate, due to high benefits profiles that they would not want to give up.

The Plan assumes that participating families would use significant funds to pay down / eliminate debt and that the ongoing benefits of this debt reduction would flow to families and to federal, state, and local government entities (as tax revenue) for several decades beyond the event.

The Plan assumes that dynamic new efficiencies would emerge in the healthcare system – with more families managing/directing healthcare expenditures through their MSAs.

The Plan assumes that apart from the recapture provisions, there would be significant new general tax revenues growth for federal, state and local government entities. This would develop from free-market economic revitalization, more people working and paying taxes, and from the elimination of various income tax deductions (e.g. mortgage / HELOC interest expense).

The Plan assumes that there would not be a massive full-scale move back into the means-tested welfare programs, income security programs, SSDI, unemployment insurance at the end of the initial 5-year recapture period.

The benefits of a free market economy and newfound economic liberty for American families would provide positive economic inertia throughout years 5-10, and for many years beyond.

Recapture provisions would provide an estimated $8.904 trillion return over the initial 5-year period. Economic growth over the following 10 years would generate significant additional tax revenues for both federal and state governments.

Significant inertia from The Plan would also provide on-going, market-based growth benefits over succeeding years that far exceed any prospect for healthy economic growth that may be expected under America’s current big-government, central-planning approach.

These additional benefits would be generated from:

Massive liquidity gains and debt reduction at the family level.

Immediate, sweeping reversal of government “central planning” approach.

Major reversal in work disincentives embedded in social welfare program structures.

Economic growth, improved productivity and job creation.

Stabilization of housing market.

Strengthening bank capitalization.

Minimizing the role of government in managing, directing, and controlling the affairs of
citizens.

The Leviticus 25 Plan would restore Biblically-inspired economic liberty and freedom from oppression – as intended by The Year of Jubile.

The socialists’ economic plan for America vs. The Leviticus 25 Plan

The socialist plan for America seeks to provide equality and security for the underclass through enhanced (intensified) government control over the daily affairs of citizens.  The net result is a greater centralization of power (central-planning) and an ever-growing allocation of resources by government.

This control extends to health care, representing 16% of the U.S. economy.  The socialist plan advocates ‘medicare for all,’ with the accompanying layers upon layers of bureaucracy, red-tape, cost distortions, regulations, legal penalties and restricted access.

The socialist plan for financial equality in America involves wealth confiscation and redistribution to the masses.   It invents endless new tax burdens and penalties for the middle class. It penalizes risk-taking, hard work, entrepreneurship, industriousness and skillful planning, while conversely rewarding low motivation for self-reliance and non-work,

…………………………………………….

The Leviticus 25 Plan reduces the scope of government control over the daily affairs of citizens. It promotes decentralization and economic liberty.  It grants power over the allocation of resources to the people.

The Leviticus 25 Plan puts U.S. citizens in control, individually, of their health care needs and choices.  It grants citizens direct access to health care – without layers of red tape and bureaucratic directives.

The Leviticus 25 Plan rewards hard work, entrepreneurship, industriousness … and it does not penalize success.

It does not confiscate wealth and invent redistribution schemes.

It simply grants U.S. citizens the same access to direct liquidity extensions that the Fed provided for major banks (domestic and foreign) and insurers during the great financial crisis.

The Leviticus 25 Plan is America’s plan for the future, restoring economic liberty and re-establishing free market dynamics.

 

The Leviticus 25 Plan Recapture, Part 2: Means-tested Welfare ($4.4 trillion over 5 years)

The Leviticus 25 Plan is the only economic recovery plan that pays for itself over 15-year period.

The Plan will generate a total of $8.904 trillion in recapture benefits ($1.78 trillion per year) during the first five years of the program.

Means-tested welfare programs – assumes 80% participation by participants
Total “means-tested welfare spending” (federal, state) reached the $927 billion level in 2011. This is projected to reach the $1.6 trillion level in the year 2022.

Source: Heritage Foundation, “Examining the Means-tested Welfare State: 79 Programs and $927 Billion in Annual Spending” – Robert Rechter, May 3, 2012

Appendix Table One  (Spending in millions of dollars)

Categories                                    Federal Spending     State Spending    Total Spending

CASH TOTAL                                          162,717.75      19,412.14           182,129.88

MEDICAL TOTAL                                    289,816.86     168,854.66          458,671.52

 FOOD TOTAL                                         102,288.00        7,126.73           109,414.73

HOUSING TOTAL                                     54,058.00        2,085.00            56,143.00

ENERGY AND UTILITIES TOTAL              6,403.00                                    6,403.00

EDUCATION TOTAL                                 60,175.00                                  60,175.00

TRAINING TOTAL                                       7,324.90          1,085.88            8,410.78

SERVICES TOTAL                                      10,411.40         4,866.13          15,277.53

 CHILD CARE AND CHILD DEVELOPMENT TOTAL                  

                                                                       15 ,961.56      6,709.53           22,671.10

COMMUNITY DEVELOPMENT TOTAL          7,937.00                               7,937.00

2011 TOTAL                                                717,093.48    210,140.07      $927,233.55

……………………………………………………………………………………………

Cost savings over the course of a 5-year ‘recapture period (federal and state spending):  Average Means-Tested Welfare spending of $1.1 trillion/year X 80% X 5 years = $4.4 trillion

___________________________________________________

The Leviticus 25 Plan – primary scoring assumptions

The Plan assumes an 80% participation rate by U.S. citizens. Wealthier Americans would likely not participate, due to the size of their refunds. Certain individuals in the lower socio-economic sector would not participate, due to high benefits profiles that they would not want to give up.

The Plan assumes that participating families would use significant funds to pay down / eliminate debt and that the ongoing benefits of this debt reduction would flow to families and to federal, state, and local government entities (as tax revenue) for several decades beyond the event.

The Plan assumes that dynamic new efficiencies would emerge in the healthcare system – with more families managing/directing healthcare expenditures through their MSAs.

The Plan assumes that apart from the recapture provisions, there would be significant new general tax revenues growth for federal, state and local government entities. This would develop from free-market economic revitalization, more people working and paying taxes, and from the elimination of various income tax deductions (e.g. mortgage / HELOC interest expense).

The Plan assumes that there would not be a massive full-scale move back into the means-tested welfare programs, income security programs, SSDI, unemployment insurance at the end of the initial 5-year recapture period.

The benefits of a free market economy and newfound economic liberty for American families would provide positive economic inertia throughout years 5-10, and for many years beyond.

Recapture provisions would provide an estimated $8.904 trillion return over the initial 5-year period. Economic growth over the following 10 years would generate significant additional tax revenues for both federal and state governments.

Significant inertia from The Plan would also provide on-going, market-based growth benefits over succeeding years that far exceed any prospect for healthy economic growth that may be expected under America’s current big-government, central-planning approach.

These additional benefits would be generated from:

Massive liquidity gains and debt reduction at the family level.

Immediate, sweeping reversal of government “central planning” approach.

Major reversal in work disincentives embedded in social welfare program structures.

Economic growth, improved productivity and job creation.

Stabilization of housing market.

Strengthening bank capitalization.

Minimizing the role of government in managing, directing, and controlling the affairs of
citizens.

…………………………………..

The Leviticus 25 Plan would restore Biblically-inspired economic liberty and freedom from oppression – as intended by The Year of Jubile.

 

 

The Leviticus 25 Plan Recapture, Part 1: Income tax refund recapture – $1.216 trillion

The Leviticus 25 Plan is the only economic recovery plan that pays for itself over 15-year period.

The Plan will generate a total of $8.904 trillion in recapture benefits ($1.78 trillion per year) during the first five years of the program.

The Income Tax Refund Recapture
Participating U..S. citizens, under the terms of The plan, agree to give up their tax refunds for a period of five years. This will result in a massive income tax refund recapture benefit.

The IRS reported issuing 109,171,000 refunds, totaling $304.001 billion for the tax year 2015 (through November 2015).

Income tax refund recapture: $304 billion X 80% participation = $243.2 billion / year for five years for a total of $1.216 trillion.

A proportional amount of this revenue would be transferred back to the Federal Reserve each year to reduce the $18.0 trillion balance sheet expansion of the Fed-based Citizen’s Credit Facility.

Aside from the ‘recapture revenues,’ the debt reduction benefits would lead to the elimination of major sums of mortgage / HELOC interest-expense deductions and with significant health care deductions, which would generate considerable new federal and state tax revenue.

Revitalized economic growth would result in more Americans working, paying taxes and social security and Medicare and Medicaid payroll taxes.

___________________________________________________

The Leviticus 25 Plan – primary scoring assumptions

The Plan assumes an 80% participation rate by U.S. citizens. Wealthier Americans would likely not participate, due to the size of their refunds. Certain individuals in the lower socio-economic sector would not participate, due to high benefits profiles that they would not want to give up.

The Plan assumes that participating families would use significant funds to pay down / eliminate debt and that the ongoing benefits of this debt reduction would flow to families and to federal, state, and local government entities (as tax revenue) for several decades beyond the event.

The Plan assumes that dynamic new efficiencies would emerge in the healthcare system – with more families managing/directing healthcare expenditures through their MSAs.

The Plan assumes that apart from the recapture provisions, there would be significant new general tax revenues growth for federal, state and local government entities. This would develop from free-market economic revitalization, more people working and paying taxes, and from the elimination of various income tax deductions (e.g. mortgage / HELOC interest expense).

The Plan assumes that there would not be a massive full-scale move back into the means-tested welfare programs, income security programs, SSDI, unemployment insurance at the end of the initial 5-year recapture period.

The benefits of a free market economy and newfound economic liberty for American families would provide positive economic inertia throughout years 5-10, and for many years beyond.

Recapture provisions would provide an estimated $8.904 trillion return over the initial 5-year period. Economic growth over the following 10 years would generate significant additional tax revenues for both federal and state governments.

Significant inertia from The Plan would also provide on-going, market-based growth benefits over succeeding years that far exceed any prospect for healthy economic growth that may be expected under America’s current big-government, central-planning approach.

These additional benefits would be generated from:

Massive liquidity gains and debt reduction at the family level.

Immediate, sweeping reversal of government “central planning” approach.

Major reversal in work disincentives embedded in social welfare program structures.

Economic growth, improved productivity and job creation.

Stabilization of housing market.

Strengthening bank capitalization.

Minimizing the role of government in managing, directing, and controlling the affairs of
citizens.

…………………………………..

The Leviticus 25 Plan would restore Biblically-inspired economic liberty and freedom from oppression – as intended by The Year of Jubile.

 

The Leviticus 25 Plan: Justification, Part 2

The U.S. government will be piling on trillions of dollars of additional debt over the next eight years – which will compound financial stress issues for American families for decades to come.

The Congressional Budget Office (CBO) confirmed the FY2015 budget deficit of $435 billion, slightly higher than the projected $426 billion. The CBO forecasts that the U.S. will add $2.887 trillion to the national debt by the year 2020 and an additional $6.553 trillion to the national debt by 2025. This growing national debt burden will prove to be a significant drag on economic growth, and it will not generate meaningful, broad-based liquidity benefits for American families. The U.S. Government will be forced into monetary and fiscal policies which will continue the gradual erosion in the purchasing power of the U.S. Dollar.

U.S. citizens must be provided with direct liquidity access through a Citizens Credit Facility, in order to reduce/eliminate debt at the family level and off-set the potentially devastating consequences of a future major fiat currency ‘reset.’

The Leviticus 25 Plan’s one-time credit extension of approximately $18.0 trillion to U.S. citizens’ Family Accounts and Medical Savings Accounts would set America on a new course. It would provide immediate and substantial liquidity benefits to American families. It would strengthen small businesses and reignite true economic growth in the U.S. economy.

The Plan would also stabilize the U.S. Dollar and strengthen the nation’s banking system.

There is a Biblical precedent for The Leviticus 25 Plan.

The Leviticus 25 Plan is justified upon the basis of its profound historical correlations with the Biblical year of the “Jubile” (The Book of Leviticus, Chapter 25). This Year was established by God to free Israelites from economic indebtedness and oppression. It provided individuals and families a fresh start, with economic liberties and a societal rebalancing to counter permanent and restrictive class structures.

________________________________

The Leviticus 25 Plan 2017 –  $75,000 per U.S. citizen                                                        The Leviticus 25 Plan 2017 (1309)

 

The Leviticus 25 Plan: Justification, Part 1

Justification:
1. SIGTARP, the oversight agency of the Troubled Asset Relief Program (TARP), in its July 2009 report, vetted by Treasury, noted that the U.S. Government’s “Total Potential Support Related to Crisis” (page 138) amounted to $23.7 trillion. While this figure represents a backstop commitment, not a measure of total potential loss, it is nonetheless an astounding degree of support, in the form of liquidity infusions, credit extensions and guarantees, various other forms of assistance for financial institutions and other business entities affected by the financial crisis.

One example of the mechanics of these backstop commitments involved two of the major investment-banks which were at the forefront of the U.S. financial crisis, Goldman Sachs and JP Morgan who, through their high-risk exposure to subprime debt and derivatives, received enormous financial assistance at the expense of U.S. taxpayers.

Goldman Sachs and J.P. Morgan received these direct liquidity infusions during the financial crisis via Fed disbursements through the Primary Dealer Credit Facility and numerous other credit facilities. The two (according to ZeroHedge 4-1-11) “had the temerity to pledge bonds that had defaulted (i.e. had a rating of D)… as in bankrupt, and pretty much worthless. . . that have no value whatsoever. . .” Goldman Sachs received $24.7 million and JP Morgan $1.4 million on the worthless collateral (September 15, 2008). Goldman Sachs pledged D-rated securities again September 29, 2008 and received $82.7 million (Citigroup received $102.8 million; Merrill Lynch – $217.8 million; Morgan Stanley – $261.0 million; UBS – $202.2 million).

U.S. citizens deserve nothing less than the same access to credit extensions for resolving liquidity issues of their own at the family level, that have been extended to major domestic and foreign financial institutions.

In addition, the same two investment banking giants, Goldman Sachs and JP Morgan, earned free interest (again at taxpayer expense) through their access to credit extensions at the Federal Reserve discount window. Within two years, Goldman Sachs was paying out $111.3 million in “delayed bonuses” for the years 2007 and 2009 (NY Times 12-15-10).

The initial credit extension outlay with The Leviticus 25 Plan ($18.0 trillion – assuming an 80% participation rate by U.S. citizens) would hardly be prohibitive, in light of the trillions of dollars in Federal Reserve and Treasury outlays over the past 5 years to major U.S. banking and financial institutions (Morgan Stanley, Citigroup, Bank of America, State Street Corp, Goldman Sachs, Merrill Lynch, JPMorgan Chase, Wachovia, Lehman Brothers, Wells Fargo, Bear Stearns) and major foreign financial institutions (Royal Bank of Scotland, UGS AG, Deutsche Bank AG, Barclays, Credit Suisse. Dexia, BNP Paribas).

The Federal Reserve’s various credit facilities, Discount Window transactions, emergency loans, Foreign Exchange swap lines, Interest on Excess Reserves (IOER) for foreign banks, and Treasury’s TARP and stimulus programs have done little to improve the financial status for the majority of American families. These government programs have also done nothing to change the dominance and risk profile of “too big to fail banks,” and they have done little to lessen the counterparty default risk in the global derivatives markets.

U.S. taxpayer dollars have been used to support the IMF bail-out of Greece. The U.S. funded at least $780 million (17.09%) of the July $4.6 billion IMF transfer to Greece (purportedly funding interest payments to hedge funds which had speculated in purchasing the high-risk Greek debt).

U.S. taxpayers also funded approximately $2.9 trillion of a massive 2014 IMF loan to Ukraine to help Kiev pay off creditors including Western banks, Gazprom (the big Russian oil company), and previous IMF loan payment obligations).

The U.S. Treasury Department followed that up by guaranteeing a $1 billion Ukrainian bond issuance.

If U.S. taxpayer funds are being used to bail out the citizens of bankrupt foreign nations, then U.S. citizens deserve equal access to their own money to resolve liquidity issues at the family level.

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The Leviticus 25 Plan 2017 –  $75,000 per U.S. citizen                                                    The Leviticus 25 Plan 2017 (1308)

2008: The Fed rescued the big banks – NO spillover effect for the economy.. but now there is hope.

In 2008, the Fed began ‘fire-hosing’ trillions of dollars into the financial system, specifically to ‘rescue’ major banks and insurers that were teetering on the edge of their self-made massive capital holes.

The banks were resuscitated.  Excess reserves propelled stock prices higher and higher, while the economy merely crawled…

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The Chart That Explains Everything

Excerpts:

Screen Shot 2016-01-14 at 12.06.21 PM

What the chart [above] shows is that the vast increase in the monetary base didn’t impact lending or trigger the credit expansion the Fed had predicted. In other words, the Fed’s madcap pump-priming experiment (aka– QE) failed to stimulate growth or put the economy back on the path to recovery. For all practical purposes, the policy was a flop.

QE did, however, touch off an unprecedented 6-year bull market rally that pushed stocks into the stratosphere while the real economy continued to languish in a long-term slump. And the numbers are pretty impressive too. For example, the Dow Jones Industrial Average, which bottomed at 6,507 on March 9, 2009, soared to an eye-popping 18,312 points by May 19, 2015, an 11,805 point-surge in just five years. And the S&P did even better. From its March 9, 2009 bottom of 676 points, the index skyrocketed to a record-high 2,130 points on May 21, 2015, tripling its value at the fastest pace in history.

What the chart shows is that the Fed knew from 2010-on that stuffing the banks with excess reserves was neither lowering unemployment or revving up the economy. The liquidity was merely driving stocks higher.

It’s worth noting, that the Fed knows that credit does not flow into the economy without a transmission mechanism, that is, unless creditworthy borrowers are willing to to take out loans. Absent additional lending, the liquidity remains stuck in the financial system where it eventually creates asset bubbles. And that’s exactly what’s happened. Instead of trickling down into the economy where it would do some good, the Fed’s monetary stimulus has cleared the way for another catastrophic meltdown.

…………………………

[Fed Chairman Ben Bernanke – November 2009]: “As a scholar of the Great Depression, I honestly believe that September and October of 2008 was the worst financial crisis in global history, including the Great Depression. If you look at the firms that came under pressure in that period. . . only one . . . was not at serious risk of failure. So out of maybe the 13 of the most important financial institutions in the United States, 12 were at risk of failure within a period of a week or two.”

____________________________________

There is now a new liquidity “transmission mechanism” that will complete the story, reigniting economic growth power for main street America.

A Citizens Credit Facility, within The Leviticus 25 Plan, will serve as the conduit for  direct liquidity extensions to U.S. citizens – eliminating massive debt burdens and restoring financial health at the family level in America.

The Leviticus 25 Plan will help get millions of Americans off government social welfare programs and free them from dependence on government and over-stressed charity-based organizations.

The Plan will produce something else that the Fed’s 2008-2010 multi-trillion dollar financial system bailout could not do: millions of financially healthy, “credit-worthy” customers for U.S. banks.

The Leviticus 25 Plan 2017 –  $75,000 per U.S. citizen                                                         The Leviticus 25 Plan 2017 (1306)

Key indicators: U.S. counties NOT recovering well since 2009

Research conducted by the  National Association of Counties analyzed the degree of economic recovery in each of 3,069 counties in the U.S. from 2009 – 2015.

Four key indicators were evaluated:                                                                                               (1) Jobs, (2) Unemployment, (3) Economic output (GDP), and (4) Median home prices

A mere 214 of the 3,069 (7%) counties had recovered on all four indicators.

A total of 16% of counties had not recovered on any one of the four key indicators.

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National Association of Counties – 2015 report

County economies are the building blocks of regional economies, states and the nation. The conditions of a county economy can constrain and challenge county governments, residents and businesses, while also providing opportunities.

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America needs a fresh start – with citizen-directed economy and free market dynamics.

The Leviticus 25 Plan 2017 –  $75,000 per U.S. citizen                                                        The Leviticus 25 Plan 2017 (1303)