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…
……………………………………………………..
‘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.
_______________________________________
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