U.S. Economy Feb 2016: Anemic growth, plunging labor force participation levels, and booming lay-offs. There is only one legitimate answer on the table: The Leviticus 25 Plan.

The Federal Reserve pumped trillions of dollars through its secret liquidity lifelines into Wall Street’s financial sector during 2008-2010. The Fed also bailed out AIG’s derivative contract counterparties – to the tune of $85 billion.  And the Fed sanitized GSE and big bank balance sheets by vacuuming up billions of dollars worth of distressed agency debt / mortgage backed securities (MBS) and parking it on the Fed’s balance sheet.

And here’s where we stand:  94.6 million working-age Americans no longer in the labor force.  Anemic economic growth.  And booming layoffs.

The Atlanta Fed’s GDPNow model …. projected that GDP grew by an anemic 0.7% in the fourth quarter of 2015. That was a drop from the model’s last prediction from December 23 that forecasted growth of 1.3%. The Atlanta Fed noted that the drop in the prediction came after disappointing net exports, construction spending, and ISM manufacturing numbers were released in the last week.

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Peak Prosperity: Mass Layoffs To Return With A Vengeance
by Adam Taggart  – Wednesday, February 3, 2016, 3:58 pm                                    Excerpts:

Remember the mass layoffs of 2008-2009? The US economy shed millions of jobs quickly and relentlessly, as companies died and the rest fought for survival.

Then the Fed and the US government flooded the banks and the corporate sector with bailouts and handouts. With those giga-tons of liquidity sloshing around, as well as taking on massive amounts of new cheap debt, companies were able to finance their working capital needs, hire workers back, and even buy-back their shares en mass to make themselves look deceptively profitable. The nightmare of 2008 soon became a golden era of ‘recovery’.

Well, 2016 is showing us that that era is over. And as stock prices cease to rise, and in fact fall within many industries, layoffs are beginning to make a return as companies jettison costs in attempt to reduce losses.

Since January 1st, here is but a subset of the headlines we’ve seen:

Note that nearly all of these companies are in the Energy, Finance and Tech sectors — the three biggest engines of growth, profits and market value appreciation within the economy over the past 7 years.

What will the repercussions be if those three industries go into contraction mode at the same time?

Whatever the specifics may be, the general answer is easy to predict: Nothing good.

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There is only one plan in America to revitalize the economy and restore economic liberty.

The Leviticus 25 Plan will pay off trillions of dollars in U.S. citizen debt obligations and recharge America’s citizen-directed economy.

The Leviticus 25 Plan 2017 –  $75,000 per U.S. citizen                                                   The Leviticus 25 Plan 2017 (1324)

 

 

 

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