There is a clean and powerful path out of this dismal debt swamp – and America needs to get moving soon…

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Budget Office Releases Terrifying Long-Term Debt Forecast

ZeroHedge, Sep 22, 2020 – Excerpt:

Debt as a percentage of GDP is projected to increase in most years as the government incurs budget deficits that are large relative to the growth of the economy. If current laws generally remained unchanged, federal budget deficits would be substantially larger over the next 30 years than they were over the past 50 years. In CBO’s projections, deficits rise after 2030 as mandatory spending—in particular, outlays for the major health care programs—and interest payments on federal debt grow faster than revenues.  That growth in deficits causes projected debt to rise as a percentage of GDP over the 2030–2050 period.

Finally, here is the most terrifying chart in the latest CBO forecast – and of all CBO forecasts released yet – which as hinted in the title, is the one which projects US debt for the next 30 years, and shows that over the next three decades nothing short of hyperinflation, or war, can save the US.

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The Leviticus 25 Plan is the most powerful, debt-busting economic acceleration plan on the planet:

* Massive debt elimination for U.S. citizens (mortgages debt, credit card debt, student loan debt, car loan debt)

* Federal deficits in the trillion dollar range converted to $237 billion budget surpluses over each of the first five years of activation (2021-2025).

* State and Local government drowning in red ink converted to powerful new growth trends in revenue and reductions in outlays.

* Medicare Trust Fund restored to solvency.

* Social Security Trust Fund – massive new inflows from robust long-term economic growth.

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

$90,000 per U.S. Citizen – Leviticus 25 Plan 2021 (3810 downloads)

“He who will not apply new remedies must expect new evils.” – Sir Francis Bacon

The Daily Shot, Sep 14, 2020 – United States: The US fiscal 2020 budget gap hit $3 trillion. The trajectory going forward will depend on whether we see a CARES 2 package.

The U.S. Congress has no plan, nor has the Federal Reserve any plan, to restore financial security and economic liberty for U.S. citizens.

They have been pumping trillions of dollars out through their ‘credit facility’ transfusion pipelines to major U.S. and foreign financial institutions – while tens of millions of citizens, and millions of Main Street America’s small businesses, have been left to fight for survival in relentlessly deteriorating economic market place.

The Velocity of M2 Money Stock is in a literal ‘cliff dive.’

There is one powerful way to get the U.S. economic ship back on course and re-fire the great economic engine. DEBT ELIMINATION – at ‘ground level.’

The Leviticus 25 Plan will generate $237 billion budget surpluses during each of the first five years of activation – and pay for itself entirely over a period of 10-15 years.

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

$90,000 per U.S. citizen – Leviticus 25 Plan 2021 (3797 downloads)

Note – during the Great Financial Crisis 2007-2010, AAA-rated paper (Mortgage Backed Securities) were getting quietly loaded up with sewage grade mortgages. It was hailed as an advance in ‘financial innovation.’ And the system eventually collapsed when the defaults started ‘rolling in.’

Global Creditworthiness is deteriorating. Defaults will be ‘on a roll’ again. It is just a matter of time.

The Daily Shot, Sep 14, 2020 – Credit: The global corporate debt market credit quality has been deteriorating over the past few decades.

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The world is drowning in DEBT. Economic chaos awaits all who dawdle. Millions of citizens will experience a violent ‘whiplash’ again, when the next crisis ensues. It is time to insulate those millions of people at ‘ground level’ – by granting direct liquidity extensions to citizens – the same direct liquidity extensions that were provided to global banking elites: Morgan Stanley, Citigroup, Bank of America, JP Morgan, Goldman Sachs, Wells Fargo, Merrill Lynch, RBS, State Street, Barclays, UBS, Deutsche Bank, Credit Suisse, PNP Paribas, and numerous others..

The U.S. has a plan – the most powerful economic acceleration plan of modern times.

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

$90,000 per U.S. citizen – Leviticus 25 Plan 2021 (3796 downloads)

Banks foreclosed on 804,000 homes in 2011…

That works out to a rate of over 2,200 per day.  Every day in 2011.

While foreclosures eased slightly in March 2012 vs March 2011, “RealtyTrac … banks will repossess close to 1 million homes this year.”

For 2012, that would work out to over 2,700 per day. Every day.  For the next 365 days.

The Leviticus 25 Plan, on the other hand, would ‘power up’ liquidity at the family level, providing debt relief and a strong dose of financial security to American citizens.  These benefits have been utterly lacking throughout the government’s orchestrated (‘central planning’) response to the ongoing, 3-year financial crisis.

The debt relief benefits of the Leviticus 25 Plan would provide the equivalent of what is known in the ‘derivatives’ world as direct “support of the underlying assets.”  Namely housing (with additional support for any other form of pledged collateral).

Daily American News – Apr 12, 2012 :  “At the end of last year [2011], some 1.5 million U.S. homes had mortgages that had gone unpaid at least 90 days, according to Mortgage Bankers Association data.

First-time foreclosure notices, such as warnings of initial default, are the first step in the process that can potentially result in a home being foreclosed upon. Homes can exit the process if the overdue payments are paid. Sometimes, a bank will allow that the home be sold for less than what the borrower owes on their mortgage, a so-called short sale.

All told, 101,939 U.S. homes received a first-time notice in March, the biggest monthly increase since October, RealtyTrac said.

Thirty-one states posted a monthly increase in homes with a first-time foreclosure notice. Nevada led the pack with an increase of 153 percent.

Even so, foreclosure activity overall — as measured by the number of properties receiving a notice of default, scheduled for auction or repossessed by lenders — sank in March to the lowest level since July 2007, the firm said.

In all, 198,853 homes received a foreclosure-related notice last month, down 4 percent from February, and down 17 percent from March last year.

Banks took back 55,075 homes in March 2012, down 14 percent from the previous month, and down 25 percent from March 2011.

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The Leviticus 25 Plan – An Economic Acceleration Plan for America

$90,000 per U.S. citizen – Leviticus 25 Plan 2021 (3792 downloads)

CDC Emergency Powers overreach – Landlords ‘screwed.’

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WSJ: CDC “Housing Seizure”

By WSJ Editorial Board, Sept. 3, 2020 – Excerpts:

The CDC decides it can abrogate rental contracts nationwide.

Governments during the pandemic have arrogated to themselves vast emergency powers, but the rule of law still matters. The Centers for Disease Control and Prevention’s sweeping ban on evictions this week tests the legal limits of emergency powers and sets a bad precedent.

The CDC order that takes effect Friday bans landlords from evicting tenants who claim they can’t afford to pay rent due to the pandemic. Congress in March banned evictions in federally subsidized housing through the end of July. But the CDC order encompasses all housing and extends through the end of this year.

Tenants who expect to earn less than $99,000 ($198,000 for couples) this year must merely sign an attestation that they lost income, have sought all available federal rental assistance, and would be homeless or forced to move in with someone if evicted. Landlords who want to remove nonpaying tenants would have to prove tenants are lying. Good luck.

The order covers millions who aren’t destitute but don’t want to find less expensive housing. Most Americans are honest and won’t exploit the moratorium to live rent-free, not least because the order would require them to make up payments (assuming government doesn’t absolve them). But some will take advantage of the forbearance.

Thousands of landlords around the country have accommodated struggling tenants by reducing or deferring payments….

About half of the 48 million rental units in the U.S. are owned by small businesses, many of which could be foreclosed on if they don’t pay their mortgages. Some might have to raise rents on other tenants to cover costs. There’s no free rent.

The legality of the CDC order is also dubious. It relies on Section 361 of the Public Health Service Act, which allows the agency to take measures to prevent the spread of communicable diseases between states. The agency’s rationale is that people who get evicted will move in with family or friends and spread the disease.

This is by far the biggest emergency-power overreach…  It abrogates private contracts and expropriates private property, which warrants a legal challenge by landlords under the Constitution’s takings clause….

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There is a better way – where everybody wins…

The Leviticus 25 Plan grants U.S. citizens a robust liquidity extension which is fully capable of restoring ‘financial order’ in their personal lives.

It will provide citizens with the wherewithal to honor their rent payment obligations, consumer credit obligations, and keep their mortgage contracts ‘current.’

It will reduce their dependence on government ’emergency powers,’ government entitle programs, and solve the problem of food insecurity.

It will allow Americans to eliminate massive amounts of household debt, and thereby provide a surging boost to the U.S. economy with vigorously rising tax revenues.

The Leviticus 25 Plan will pay for itself entirely over a period of 10-15 years, and it will generate a $237 billion federal budget surplus over the first five years of activation (2021-25).

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

$90,000 per U.S. citizen – Leviticus 25 Plan 2021 (3791 downloads)