Mortgage ‘forbearance’ – A nice gesture, but it doesn’t solve the underlying dilemma… Solution: The Leviticus 25 Plan

The U.S. social-restriction response to the Wuhan coronavirus ‘pandemic’ has effectively vaporized 39 million jobs. Small business across America have been crushed, their owners left with gut-wrenching losses. Over 7.5 million small businesses are at risk of remaining permanently ‘shuttered.’

Colleges and Universities are dazed by the financial shock they may be facing over the next several years.

State and local government budgets have been decimated, the U.S. budget thoroughly blown out. The Net Present Value of Unfunded Liabilities (NPV) is fatally ‘beyond containment.’

And now, we have a ‘tidal wave’ of delinquent mortgages rolling across the land…

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‘Tidal Wave’ Of Delinquent Mortgages Set To Surpass Great Recession

ZeroHedge, May 18, 2020 – Excerpt:

With nearly 4 million homeowners in some type of mortgage forbearance plan – representing 7.54% of all mortgages, delinquencies are set to eclipse the great recession which peaked at 10%.

According to a new report from UK-based forecasting firm Oxford Economics, 15% of homeowners will fall behind on their monthly mortgage payments in a ‘tidal wave’ of delinquencies.

Keep in mind that Oxford Economics’ forecast is half of the potential mortgage bloodbath predicted by Moody’s chief economics, Mark Zandi, who said that as many as 30% of Americans with home loans – or around 15 million households, may stop paying if the US economy remains closed through the summer or beyond.

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America needs the one economic acceleration plan with the wherewithal to not only solve the mortgage ‘delinquency’ crisis – but also the raw power to ‘pay off’ the mortgages entirely.

It is time to move forward with a ‘serious’ economic recovery plan.

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

Leviticus 25 Plan 2021 (3662 downloads)

Two Rounds of Government Bailouts – $2.2 Trillion CARES and $3 Trillion HEROES – vs The Leviticus 25 Plan

The CARES Act, passed in March, will add $2.2 trillion to the national debt. It threw some nice looking $1200-sized, income-limited, crumbs out to the citizenry and offered a nice, bureaucracy-heavy, slow-moving, provision to help small business protect their payroll workers – that is, for those that managed to not slide into bankruptcy.

The FED, meanwhile, has been busy buying hundreds of billions of dollars in Treasuries, ‘across the duration.’ They now ‘own the curve. They have been buying Agency Debt, Mortgage-backed Securities (MBS), Collateralized Loan Obligations (CLOs), ETFs.

The FED also jumped in with both feet to purchase Corporate (‘Junk-rated’) debt to help stabilize the credit markets (i.e. high-yield debt that corporations are forced to issue when they have fine-tuned their mismanagement strategies to the point that no one will lend them funds at reasonable rates. And so, the FED is now the proud balance-sheet displayer of large sums of ‘junk debt.’

You name it, they bought it. And none of this has anything associated with that could be deemed a long-term benefit. It is all a ultra-massive ‘bandaid’ event.

The FED has also fired up some of their previously-used credit facilities, like the Primary Dealer’s Credit Facility (PDCF) to flush some fresh liquidity transfusions out into Wall Street’s financial sector.

And now… here comes another round of $1,200-sized, income-limited, crumbs to the citizenry:

“Round 2 of stimulus checks? House plan would send $1,200 per person – including children”.Fortune, May 13, 2020 – Excerpt:

Like the CARES Act, the $2.2 trillion coronavirus aid package signed into law in March, the new bill—known as the HEROES Act—calls for direct payments of up to $1,200 for Americans earning up to $75,000 per year and $2,400 for couples earning up to $150,000 annually.

But the HEROES Act would also provide significantly more money to families with children—potentially up to $6,000 in total for a household with three dependents. Whereas the CARES Act allowed parents to claim an additional $500 per child, the HEROES Act would bump that up to $1,200 per dependent (including adult-age dependents) for up to three dependents.

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So where are we headed with these nice-sounding ‘big government solutions?’

1. We will be adding $5-$6 trillion onto the 2020 deficit (the CBO had projected it to come in at around $1 trillion) – punching the national debt up over the $29 trillion mark.

2. U.S. citizens will remain buried in over $14 trillion in household debt – with massive new numbers of people ‘dependent’ on government for life’s basic necessities (food, shelter).

3. The U.S. economy, which had been crawling along … is now barely ‘creeping’ along. And what are the near- and long-term prospects for economic growth – with the massive debt service obligations that are sucking the juice of of our current liquidity streams..? Meager, at best.

The Leviticus 25 Plan offers a fresh, powerful new start for America

1. The Plan treats all U.S citizens the same. Young-old, rich-poor, black-brown-white, free or incarcerated – all U.S. citizens qualify to participate, if they so choose.

2. The Plan does not offer ‘crumbs’ to participants. It offers the type of substantial liquidity transfer that will eliminate massive amounts of debt and restore ‘financial health’ at the family level, and provide the type of upfront funding that will put citizens back in charge of their primary health care needs.

3. The Plan will get the U.S. economic growth engine moving back up at peak-speed – within months of activation.

4. The Plan will not add a dime to the national debt – in the same way that the FED’s liquidity transfusions out to the banking sector through their various credit facilities does not add to the national debt. The Plan will be funded through a new credit facility, called The Citizens Credit Facility (CCF), and the will be paid back, in full, over the next 15 years.

The most powerful plan in America is loaded up and ready to go…

The Leviticus 25 Plan – An Economic Acceleration Plan for America

Leviticus 25 Plan 2021 (3656 downloads)

Pelosi, Pandemic Relief, Part 2 Versus The Leviticus 25 Plan

House Speaker Nancy Pelosi is pushing to pump an additional $1 trillion into State and Local governments – along with additional direct ‘means-tested’ payments to individuals (designed, by the way, to keep as many people as possible ‘tethered’ permanently to the the Federal government’s umbilical cord.

And when the Federal government has you ‘tethered,’ they have you ‘controlled.’

Pelosi Demands $1 Trillion In Pandemic Relief For States And Local Governments

ZeroHedge, Apr 30, 2020 – Excerpt:

Speaker Nancy Pelosi (D-CA) announced on Thursday that Democrats are trying to negotiate for nearly $1 trillion for states and local governments in the next installment of the taxpayer funded coronavirus relief package – which will be the single largest request by Democrats in the upcoming ‘CARES 2’ legislation.

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The Leviticus 25 Plan advances the cause of freedom from government control, freedom from debt serfdom to banks, the cause of economic liberty, and unlimited opportunity for all who wish to pursue it.

It treats all people the same – equal opportunity for all to participate.

The Leviticus 25 Plan sets America back on track for eliminating budget deficits, reducing long-term debt obligations, bolstering state and local tax revenues and reducing outlays.

The Leviticus 25 Plan will help protect the long-term purchasing power of the U.S. Dollar and prevent its ultimate permanent degradation.

The most powerful, dynamic economic plan on the face of the earth.

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$75,000 per U.S. citizen – Leviticus 25 Plan 2021 (3649 downloads)