The Great Financial Crisis: “We had a monster asset bubble based on phony mortgages” – Taibbi

This analysis sums up the global Central Bank financial model dynamics that led the world into the Great Financial Crisis of 2007-2012.

Financial Blogger, Matt Taibbi (TAIBBLOG – May 8, 2012):

  1. Let banks inflate massive asset bubbles with the aid of cheap or even free government cash, and tons of leverage;
  2. Before it all explodes, carve out gigantic sums for bonuses and compensation for the companies that inflated those bubbles;
  3. After it explodes, get the various governments to bail those companies out;
  4. Pay for it all by slashing services to what’s left of the middle class.

This is the model we used in America. We had a monster asset bubble based on phony mortgages, which Wall Street was allowed to inflate to spectacular dimensions with minimal reserve capital, huge amounts of leverage, and tons of fraud for good measure. When that bubble exploded, we first rescued the banks who inflated the thing in the first place…

Source: http://www.rollingstone.com/politics/blogs/taibblog/austerity-cant-be-a-one-way-street-20120508#ixzz1uZKHj700

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America needs to rebalance the financial system with a powerful new economic acceleration dynamic – one that regenerated economic vitality at ground level.

America needs an economic plan that replaces growing government debts with massive government surpluses, reignites powerful and sustainable economic growth, and restores financial health to main street 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 – An Economic Acceleration Plan for America

$75,000 per U.S. citizen  –  Leviticus 25 Plan 2018 (2898 downloads)

Council on Foreign Relations: “Print Less but Transfer More – Why Central Banks Should Give Money Directly to the People”

The Council on Foreign Relations, founded in 1921, is a non-profit American organization, populated with senior government figures and politicians, bankers, lawyers, intelligence officers, and other from the elite class.  With offices in New York and Washington, D.C., it is viewed as the nation’s “most influential foreign-policy think tank.”

Four short years ago, this august body proposed a radical idea to reset the …

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Seeking Alpha / Sep 2, 2014  5:55 AM ET – Excerpts

When an article appears in Foreign Affairs, the mouthpiece of the policy-setting Council on Foreign Relations, recommending that the Federal Reserve do a money drop directly on the 99%, you know the central bank must be down to its last bullet.

The September/October issue of Foreign Affairs features an article by Mark Blyth and Eric Lonergan titled “Print Less But Transfer More: Why Central Banks Should Give Money Directly To The People.” It’s the sort of thing normally heard only from money reformers and Social Credit enthusiasts far from the mainstream. What’s going on?

The Fed, it seems, has finally run out of other ammo. It has to taper its quantitative easing program, which is eating up the Treasuries and mortgage-backed securities needed as collateral for the repo market that is the engine of the bankers’ shell game. The Fed’s Zero Interest Rate Policy (ZIRP) has also done serious collateral damage. The banks that get the money just put it in interest-bearing Federal Reserve accounts or buy foreign debt or speculate with it; and the profits go back to the 1%, who park it offshore to avoid taxes. Worse, any increase in the money supply from increased borrowing increases the overall debt burden and compounding finance costs, which are already a major constraint on economic growth.

Meanwhile, the economy continues to teeter on the edge of deflation….

Source:  https://www.foreignaffairs.com/articles/united-states/2014-08-11/print-less-transfer-more

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The Council on Foreign Relations (CFR) is headed in the right direction.  However, their proposal does provide the full power needed to eliminate massive quantities of debt, generate government surpluses, and restore economic liberty in America.  The CFR plan also does nothing to free people from the heavy hand of government in controlling and restricting them in managing their daily affairs.

The Leviticus 25 Plan does restore economic liberty in America, and it frees people from oppressive government programs that actually keep them in poverty and servitude.

The Leviticus 25 Plan would effect wide-scale debt elimination at the family level, thereby helping to insulate millions of Americans from potentially devastating effects of another severe economic contraction.

The Plan would eliminate massive government restrictions and control over healthcare, and replace it with individual control  and consumer choice in healthcare access.

The Leviticus 25 Plan would balance the federal budget – immediately, and annually for each of the first five years after enactment.

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$75,000 per U.S. citizen  –  Leviticus 25 Plan 2018 (2893 downloads)