Fed ‘Tilts’ to Major U.S. and Foreign Banks with Ongoing Free Money Flow. America’s Leveler: The Leviticus 25 Plan

The system is ’tilted’ – with the Fed’s ongoing free money flow access by major banks.

Banks get ‘free money’… and U.S. citizens get to remain their bond servants with heavy debt burdens and debt service obligations.  The U.S. economy remains stagnant. Government debt continues to pile higher. Economic liberty and dynamic free market initiatives remain on the sidelines.

It is now time to ‘level’ that playing field.

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More Free Money For Banks: St Louis Fed Discloses ‘A Carry Trade In Liquidity’

Authored by Mike Shedlock via MishTalk,

ZeroHedge, Oct 16, 2018 – Excerpts:

Not only do banks earn free money on excess reserves, they can borrow money and make guaranteed free money on that.

https://www.zerohedge.com/sites/default/files/inline-images/https_%252F%252Fs3-us-west-2.amazonaws%20%282%29_15.jpg?itok=LGJDlnmd

The Federal Reserve Bank of St. Louis discusses the Carry Trade in Liquidity.

The IOER [interest on excess reserves] has been the effective ceiling of other short-term interest rates. The figure above compares the IOER with overnight rates on deposits and repos.

As we can see, the IOER has mostly remained above these two rates, implying that (at least some) banks have been able to borrow funds overnight, deposit them at the Fed and earn a spread, in essence engaging in carry trade in liquidity markets.

Interest Rate on Excess Reserves

https://www.zerohedge.com/sites/default/files/inline-images/https_%252F%252Fs3-us-west-2.amazonaws%20%285%29_14.jpg?itok=-CPUWowv

How Much Free Money?

https://www.zerohedge.com/sites/default/files/inline-images/https_%252F%252Fs3-us-west-2.amazonaws%20%286%29_13.jpg?itok=lgPJ7i2b

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The Leviticus 25 Plan provides the same liquidity access for U.S. citizens that the Fed provided, during the financial crisis, and continues to provide to major U.S. and foreign banks.

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 (3000 downloads)

 

 

The Power of Populist ideals – and The Leviticus 25 Plan

Populist solutions for serious, mainstream issues of an era are known to take root and blossom when public policies have shifted dramatically in favor of government control over people’s lives, and unabashedly favor wealthy, politically-connected individuals and groups.

Populist fervor thrives when public policies have so distorted the economic and social landscapes that trust in government is lost.

William A. Galston (WSJ – Dec 16, 2014) offered this summarization of the hallmarks of grassroots populist wave:
Populist movements flourish when established leaders and parties fail to solve their countries’ most urgent problems. Throughout the market democracies, one problem dominates all others: the economic squeeze on working- and middle-class families. Neither the center-left nor the center-right has responded in ways that make sense to rank-and-file citizens. So they are looking elsewhere.

Populism offers many satisfactions. Its narrative is clear and easy to understand. It identifies villains—corrupt officials, unresponsive bureaucracies, arrogant elites, large corporations, giant banks…

It legitimizes outrage, the expression of which is one of the greatest human pleasures. It flatters the people, whose virtue and common sense, it claims, could set the country right if only rich and powerful forces didn’t stand in their way. “The humblest citizen in all the land,” declaimed William Jennings Bryan more than a century ago, “when clad in the armor of a righteous cause, is stronger than all the whole hosts of error that they”—the elites—“can bring.”

Populism is the politics of nostalgia. It appeals to a better time in the past….
The ills against which populists inveigh are rarely illusory. On the contrary: Populism typically gives voice to genuine grievances, and in so doing gains credibility and energy.

At the heart of the American dream is the promise of opportunity. But in the ABC/Washington Post survey conducted days before the 2014 midterm elections, 71% of Americans said the U.S. economic system generally favors the wealthy. Only 24% disagreed. The favors-the-wealthy supermajority included 54% of Republicans, 59% of conservatives, 64% of college graduates—and even 57% of those making more than $100,000 per year.
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Government leaders in America today have failed to properly diagnose and respond to our nation’s most urgent problems,” both social and economic. The same can be said for the governments of many other nations around the world.

Governments have not “responded in ways that make sense to rank-and-file citizens.”

The Leviticus 25 Plan appeals to “virtue and common sense….its narrative is clear and easy to understand. It identifies villains – corrupt officials, unresponsive bureaucracies, arrogant elites, large corporations, giant banks…”

The Leviticus 25 Plan levels the playing field.  It grants individual citizens the same access to liquidity that was awarded to the likes of Morgan Stanley, Goldman Sachs, UBS, Bank of America, State Street, Barclays, GE Capital, Deutsche Bank, and many, many others during the financial crisis years of 2007-2010..

The Leviticus 25 Plan provides for massive debt relief and economic liberty at the family level. It unleashes the power of free-market dynamics and counters price and supply distortions that have emerged with government control over markets.

It generates massive new waves of government tax revenues – federal, state, and local – without raising taxes.

The Leviticus 25 Plan generates a trillion dollar surplus over each of the first five years – and pays for itself entirely over a 10-15 year period.

This is the only plan, anywhere, that restores order and cleans things up.

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 (2990 downloads)