Greenspan: “There’s going to be a crisis..”

Alan Greenspan is right.  The legal constrictions of our current system have us ‘locked in’ on a relentlessly-swirling, entitlement spending whirlpool.

It is quietly draining strength from the system.  We are slowly inching toward the inevitable fiat currency ‘reset.’  And when it hits, it will hit ‘hard.’

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Former Fed Chairman Alan Greenspan – June 24, 2016:

This is the worst period I recall since I’ve been in public service. There’s nothing like it, including the crisis – remember October 19, 1987, when the Dow went down by a record amount, 23%? That I thought was the bottom of all potential problems. This has a corrosive effect that will not go away. I’d love to find something positive to say.

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The issue is essentially that entitlements are legal issues. They have nothing to do with economics. You reach a certain age or you are ill or something of that nature and you are entitled to certain expenditures out of the budget without any reference to how it’s going to be funded.

Where the productivity levels are now, we are lucky to get something even close to 2% annual growth rate. That annual growth rate of 2% is not adequate to finance the existing needs. I don’t know how it’s going to resolve, but there’s going to be a crisis.

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The thing that we should be worrying about now, which we have actually given no thought to whatsoever, is that this type of economic environment ends with inflation. Historically, fiat money has always ended up that way…

I know if you look at human history, there are times and times again where we thought that there was no inflation and everything was just going fine. And I just basically say, wait… You don’t have inflation now. And you don’t have it until it happens.

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Greenspan recommends a return to the ‘gold standard’ – which he obviously believe would be a balanced budget forcing mechanism.

And a major part of that ‘forcing mechanism’ would involve austerity, possibly severe austerity.  It would not significantly affect the well-to-do, but it would likely lead to drastic economic consequences for the average American family.

A return to the ‘gold standard’ might eventually be fine, but only after we balance things back out by granting U.S. citizens the same access to liquidity that was granted to major Wall Street banks and insurers during the Global Financial Crisis years – to eliminate debt and restore financial health at the family level in America.

There is one comprehensive economic plan in America with the power to revitalize the economy, shut down the ‘whirlpool’ – and get America moving again.

The Leviticus 25 Plan 2017 –  $75,000 per U.S. citizen                                              The Leviticus 25 Plan 2017 (1556) 

 

 

2016: The world needs something far better than ‘helicopter money’ to recharge global economics: The Leviticus 25 Plan

Sweden’s Central Bank, Riksbanken, or Riksbank, is the oldest Central Bank in the world.  And this national bank of Sweden is coming to terms with global liquidity issues.  Deputy Governor Cecilia Skingsley recently posed the question: “If monetary policy seems to have lost its magic touch, what can central banks do?”

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Riksbank Says It’s Time To Prepare for Helicopter Money – ZeroHedge, May 19, 2016

Excerpts:                                                                                                                            In a speech summarized on the Riksbank website, Skingsley had some interesting things to say about the efficacy of NIRP, central banks playing follow the leader, and the use of helicopter money as being a viable path forward for central banks.

 [Skingsley]:  “Now that Swedish inflation is starting to approach the target, it may be time to think about the conditions for monetary policy over a longer perspective, according to Skingsley. If it has become more difficult to conduct monetary policy, what can the Riksbank and other central banks do?

Skingsley says that it will not be possible, in the future, to conduct monetary policy in the way and with the impact we have previously been accustomed to. And this is something for which we need to prepare ourselves. She notes that, alongside cutting the policy rate to below zero and purchasing securities, so-called helicopter money could provide a hypothetical path to take to increase scope for monetary policy.

“It is probably something that should not be tried until other possibilities have been exhausted. However, considering the difficulties that are weighing many of the world’s economies down, I think that it is wise to discuss the different possibilities, without closing any doors…”

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Global economies need something better than ‘helicopter money.’

And there is a superior plan – one that restores economic liberty across the board, and unleashes the powerful forces of decentralization and free market dynamics; one that generates massive tax revenue growth and budget surpluses.

The most powerful and most liberating economic plan in the world:

The Leviticus 25 Plan 2017 –  $75,000 per U.S. citizen                                              The Leviticus 25 Plan 2017 (1551)

 

 

Universal Basic Income (UBI) plan – on the right track, but lacks raw economic ‘horsepower’

The WALL STREET JOURNAL recently featured a 2-page spread covering Charles Murray’s “Universal Basic Income Plan.”

It is good to see people thinking outside the box,

Murray’s UBI is on the right track, but does very little to eliminate massive debt burdens at the family level.

It also raises some curious questions about balance: Why would a Social Security recipient ever want to give up, say, $25,000 in annual Soc Sec benefits, for the UBI’s $13,000 per year – and at the same time give up Medicare program benefits?

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A Guaranteed Income for All – WALL STREET JOURNAL, June 4-5, 2016         Universal Basic Income (UBI) $13,000 per year for U.S. citizens, age 21 and older.  Replaces all other transfer payments and the bureaucracies that oversee them.  $3,000 must be used for health insurance / $10,000 annual disposable income.

 “The UBI is to be financed by getting rid of Social Security, Medicare, Medicaid, food stamps. Supplemental Security Income, housing subsidies, welfare for single women and every other kind of welfare and social-services program, as well as agricultural subsidies and corporate welfare..”

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The UBI $13,000 per year benefit for U.S. citizens, age 21 and older, would pencil out to a 5-year total of $65,000.

A single mother with 3 children would receive $65,000 over a 5-year period. A husband and wife with 2 children would receive $130,000 over that same period.

The Leviticus 25 Plan, on the other hand provides a $75,000 credit extension to every  U.S. citizen who wishes to participate.

A single mother with 3 children would receive a $300,000 over a 5-year period, as would a husband and wife with 2 children.

Major health care programs (Medicare, Medicaid, VA, TRICARE, FEHB) remain in place, with a $5,000 deductible / year / participant for each of the succeeding 5 years.

Social Security benefits remain in effect.

The Leviticus 25 Plan delivers powerful economic growth benefits, restores economic liberty, and pays for itself over a 10-15 year period

The Leviticus 25 Plan 2017 –  $75,000 per U.S. citizen                                              The Leviticus 25 Plan 2017 (1547)

 

 

The most powerful economic acceleration plan in America generates $1.135 trillion annual budget surpluses in each its first 5 years: The Leviticus 25 Plan

The Congressional Budget Office Baseline Budget Projections: 2016 to 2020 forecasts the following annual budget deficits for each of the next five years:                                       2016: -544 billion;                                                                                                                  2017: -561 billion;                                                                                                                  2018: -572 billion;                                                                                                                  2019: -738 billion;                                                                                                                  2020: -810 billion.

These deficit projections yield an average annual budget deficit of $645 billion for each of the next five year.

The Leviticus 25 Plan generates a total government recapture benefit over the first five years of the program (federal income tax refund recapture plus spending recapture) of $8.904 trillion, for an average of $1.78 trillion per year.

The Leviticus 25 Plan recapture provisions thereby generate an average annual budget surplus over the next five years of $1.135 trillion per year ($1.78 trillion – $645 trillion), which will then be used, in turn, to reduce the Federal Reserve Citizen Credit Facility balance sheet from the initial expansion event.

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.

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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 2017 –  $75,000 per U.S. citizen                                                    The Leviticus 25 Plan 2017 (1546)

 

Charting Obamacare’s history, part 1: Cost of Healthcare.gov

The Affordable Care Ace (ACA) was signed into law on March 23, 2010 and launched in 2013.  It is not living up to its promises.

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.How Obamacare has worked the last six years                                                            TheDailySignal / Melissa Quinn / March 23, 2016 / Excerpts

Six years ago Wednesday, President Barack Obama signed the Patient Protection and Affordable Care Act into law. Since then, Americans have seen their premiums increase, a dozen nonprofit insurers have closed their doors and the number of people

1) The Cost of HealthCare.gov                                                                        Obamacare’s implementation in October 2013 came with the launch of HealthCare.gov, the federal health insurance exchange.

Though the Obama administration hasn’t formally said how much HealthCare.gov cost the taxpayers, Department of Health and Human Services Secretary Sylvia Mathews Burwell said last May that the website cost $834 million. Similarly, a report from the Department of Health and Human Services Inspector General put the cost of the exchange at $800 million.

An analysis by Bloomberg Government, though, put the total cost at $2.1 billion. Bloomberg Government took into account budgetary costs for the Internal Revenue Service and other government agencies, as well as contracts reworked to pay for the website.

Graphic: Kelsey Lucas/Visualsey

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$2.1 billion is a lot of money to spend setting up the federal exchange, a bureaucratic monstrosity with layers upon layers of red tape, multiple millions of dollars in ongoing embedded costs, restricted access and surging costs for consumers, and  reimbursement cuts and electronic headaches for providers.

And that cost layer doesn’t include the $4.4 billion cost in setting up state exchanges along with billions of dollars in additional costs for insurer subsidies, healthcare navigators, advertising, and on and on.

Costs are rising, enrollment is shrinking, and according to the CBO, it is costing a lot of Americans their jobs:                                                                                                    Obama care’s cost per beneficiary explodes with shrinking enrollment               NCPA January 28, 2016

There is a better way.

Decentralized health care is the solution, with U.S. citizens allocating health care resources in accordance with their own needs and desires:

The U.S. Health Care Freedom Plan – the one clean and affordable, comprehensive alternative to ObamaCare

The Leviticus 25 Plan 2017 –  $75,000 per U.S. citizen                                                  The Leviticus 25 Plan 2017 (1536)

 

 

April 2016 Non-Farm Employment numbers – economic stagnation

Eight years of big government central-planning, and America’s payroll numbers are crumbling.

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Tony Sagami Connecting the Dots – Mauldin Economics  May 17, 2016             Welcome to Walmart and the BS 5% Unemployment Rate

Washington, DC is pretty proud of the 5% unemployment rate, but there are millions of Americans who think the job market stinks. Come on! It’s not the number of jobs that matters… it’s what kind of jobs there are and how much they pay. And that’s why I’m calling BS on all the self-congratulations coming out of Washington, DC. Take a look at this…:

  • The labor force declined by 362,000, which means that 362,000 people decided to stop looking for work. There are a lot of reasons why someone would leave the labor force, but I think the #1 reason is the inability to find a decent-paying job.
  • The Bureau of Labor Statistics defines people not in the labor force (or NILF) as those people ages 16 and older who are neither employed nor have “made specific efforts to find employment sometime during the 4-week period ending with the reference week.” The NILF number increased by 562,000 in the last month to 94 million, the highest number EVER. Yes, out of 319 million Americans who are able to work, 94 million are not part of the labor force.
  • The labor force participation rate declined by 0.2% to 62.8%. Since 2008, this rate has dropped from a high of 67.3% to the current 62.6%… a 38-year low.
  • The employee population ratio for prime workers (ages 25 to 54) dropped to 77.7%. We’re talking about the prime age of your working life here, and this ratio has dropped from 80.3% 10 years ago, down to 77.7% today.
  • The job numbers for February were revised down by 12,000 to 233,000; March was revised down by 7,000 to 208,000.

The politicians are proud to point out that our economy created 160,000 new jobs in April… but that’s the fewest in seven months and less than the expected 200,000.

Moreover, most of those 160,000 new jobs were of the “Would you like fries with that, sir” variety.

  1. 38,200 were Healthcare/Social Assistance (aka Obamacare administrators)
  2. 22,000 were Leisure/Hospitality
  3. 9,300 were temporary jobs

[snip]

And even people that do have jobs are losing them. Outplacement firm Challenger, Gray & Christmas reported that US companies announced plans to lay off 65,141 workers in April, a 35% increase from March and the highest level since 2009!

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America does not need ‘more government’ to direct our economic future.  We need less government.  Government is not the solution – government is the problem.

America needs to decentralize – and return to a citizen-directed, free market 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 2017 –  $75,000 per U.S. citizen                                                   The Leviticus 25 Plan 2017 (1532)

Gallup June 2016: Americans’ confidence in banks is “plunging” and confidence in government is virtually non-existent

Gallup’s recent Jun 1-5 poll reached a telling conclusion:  “Americans clearly lack confidence in the institutions that affect their daily lives.”

The question is:  What can we do to change things up …?

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Gallup:  AMERICAN’S CONFIDENCE IN INSTITUTIONS STAYS LOW                                Jun 13, 2016 – Excerpts:

Confidence in banks — which took a hit amid the bursting housing bubble in 2007 and 2008, and dropped further after the ensuing financial crisis — fell the most, plunging from 49% in 2006 to 27% now.

Confidence in organized religion, which has felt the effects of the scandals enveloping the Catholic Church, dropped from 52% to 41%, one point below last year’s previous low of 42%. Television news, newspapers and Congress all dropped 10 points — pushing newspapers to a 20% confidence level, two points below their previous low of 22% in 2007 and 2014.

Despite the declining percentages of Americans having high confidence in these institutions, the majority have at least “some” confidence in all but one of them. Congress has the ignominious distinction of being the only institution sparking little or no confidence in a majority of Americans.

As has been the case in previous years, Americans have the most confidence in the military, and the least in Congress. The police and small business are the only other institutions garnering majority confidence. Joining Congress at the bottom of the list are big business, newspapers, television news, the criminal justice system and organized labor.

Bottom Line                                                                                                                  Americans clearly lack confidence in the institutions that affect their daily lives: the schools responsible for educating the nation’s children; the houses of worship that are expected to provide spiritual guidance; the banks that are supposed to protect Americans’ earnings; the U.S. Congress elected to represent the nation’s interests; and the news media that claims it exists to keep them informed.

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The answer to this ‘confidence’ dilemma is to reverse government domination over the daily affairs of citizens, eliminate debt at ‘ground level,’ and restore economic liberty and self-reliance among the populace.

The plan is simple:                                                                                                                Grant U.S. citizens the same access to liquidity that our government so generously provided to Wall Street banks during the 2007-2010 financial crisis.

The Leviticus 25 Plan 2017 –  $75,000 per U.S. citizen                                                    The Leviticus 25 Plan 2017 (1529)

 

June 2016 – Central Bank lunacy is alive and well: ECB dives in to the junk bond trough

The world’s Central Banks have been on a wild-eyed QE shopping spree over the past eight years… buying government debt (Fed, BOJ, BOE, ECB), agency debt (Fed), equities (BOJ), and now junk bonds (ECB).

Central Banks have pumped out trillions of dollars in QE schemes – and what do we have to show for it..?

Surging debt loads.  Anemic growth.  Rising poverty and dependence on government.

The ECB is leading the charge on QE lunacy…:

Chart courtesy of ZeroHedge

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Bloomberg June 8, 2016ECB Reaches Down the Rating Scale with First Corporate Bond Purchases

The European Central Bank didn’t shy away from the region’s riskier securities when it began buying corporate bonds on Wednesday.

Purchases included notes from Telecom Italia SpA, according to people familiar with the matter, even though Italy’s biggest phone company is rated as sub-investment grade by two ratings firms. The company’s bonds are in Bank of America Merrill Lynch’s Euro High Yield Index and credit-default swaps insuring the notes against losses are part of the Markit iTraxx Crossover Index linked to companies with mostly junk ratings.

[snip]

Telecom Italia’s bonds, which are ranked at the lowest investment grade by Fitch Ratings, have rallied along with other company securities since the ECB first announced it would buy corporate notes in March… Moody’s ranks Telecom Italia one level below investment grade at Ba1 and S&P Global Ratings an equivalent BB+.

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What the world needs is economic sanity.

The Leviticus 25 Plan offers massive debt reduction at ground level.  Citizen-driven economic growth. Economic liberty.  Powerful free market dynamics. Surging government tax revenues and balanced budgets.

The most powerful economic plan in the world:

The Leviticus 25 Plan 2017 –  $75,000 per U.S. citizen                                                   The Leviticus 25 Plan 2017 (1524)

 

The Swiss ‘free income’ plan vs The Leviticus 25 Plan

Swiss voters voted on Sunday, June the 5th, 2016 to reject a guaranteed basic income plan that would have granted citizens a “monthly income of 2,500 Swiss francs ($2,563) per adult and 625 francs per child under 18.”

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Swiss reject free income plan – Reuters Jun 06, 2016

Swiss voters rejected by a wide margin on Sunday a proposal to introduce a guaranteed basic income for everyone living in the wealthy country after an uneasy debate about the future of work at a time of increasing automation.

Supporters had said introducing a monthly income of 2,500 Swiss francs ($2,563) per adult and 625 francs per child under 18 no matter how much they work would promote human dignity and public service.

Opponents, including the government, said it would cost too much and weaken the economy.

[snip]

The government had warned that accepting the initiative would hurt the companies’ competitiveness and could lead to higher taxes.

Employers heaved a sigh of relief that Switzerland, where unemployment is only around 3.5 percent, had not become the first country to embrace the guaranteed income measure.

The Swiss government had urged voters to reject the campaign, saying the scheme would cost too much and undermine social cohesion.

Interior Minister Alain Berset said the vote showed Swiss voters supported the economic and social system in place “and that this system works well.”

The plan included replacing in full or in part what people got from social benefits.

The government estimated the proposal would have cost 208 billion Swiss francs a year, significantly weakened the economy and discouraged people, especially low earners, from working.

Much of the cost could have been covered by existing social security payments, but sharp spending cuts or tax increases would have had to make up a remaining gap of 25 billion.

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The Swiss Plan was a baby step in the right direction, but it featured several major deficiencies:

1.  The Swiss Plan would have kept citizens dependent upon government for their ongoing financial health. It did not free citizens from the great government subsistence ‘umbilical cord.’

The Leviticus 25 Plan, on the other hand, does free citizens dependence on government and the inevitable ‘control’ that government exerts from that dependent relationship.

2.  The Swiss Plan’s ongoing ‘monthly’ income stipend offers questionable incentives in support of productivity gains among the work force.

The Leviticus 25 Plan offers bold incentives work, entrepreneurship, and wise decision making in personal affairs, thereby providing a powerful stimulus for workforce productivity gains.

3.  The Swiss Plan did not provide sufficient ‘up front’ liquidity benefits to eliminate massive debt burdens.

The Leviticus 25 Plan does provide sufficient liquidity access to eliminate trillions of dollars in debt and would restore financial health to millions of American families.

4.  The Swiss Plan’s overall cost was evidently partially offset by replacing social benefit costs, but did not pay for itself. Authorities raised significant tax increase warnings.

The Leviticus 25 Plan, on the other hand, does pay for itself, and it generates massive government budget surpluses over each of the first five years of the plan:                       The Leviticus 25 Plan generates $1.135 trillion Federal budget surpluses

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The most powerful, most efficient, citizen-centered economic plan in the world:

The Leviticus 25 Plan 2017 –  $75,000 per U.S. citizen                                                   The Leviticus 25 Plan 2017 (1522)

 

 

 

 

March 2016 – Greenspan: “We’re running to a state of disaster…”

Former Fed Chairman Alan Greenspan is very concerned about things….

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Greenspan:

Entitlements are crowding out savings, and hence capital investment. Capital investment is the critical issue in productivity growth, and productivity growth in turn is the crucial issue in economic growth. We’re running to a state of disaster unless we turn this around.

This should be the central issue of the presidential debate. Unless and until we can rein in entitlements, which have been rising at a nine percent annual rate in the United States and comparable levels throughout the world, we are going to find that productivity is going to maintain a very low rate of increase”

“….Our problem is not recession which is a short-term economic problem, I think you have a very profound long-term problem of economic growth at the time when in the Western world there is a very large migration from being a worker to being a recipient of social benefits.

Source – ZeroHedge, May 2016

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There is one, and only one, economic acceleration plan that paves the way for citizens to transition out of entitlement program dependency to a life of productivity and freedom – and reverses course on this intractable fiscal quagmire.

The Leviticus 25 Plan

“He who will not apply new remedies must expect new evils.” – Sir Francis Bacon

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 (1517)