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.
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
How Much Free Money?
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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)