The Leviticus 25 Plan – an economic acceleration plan to save America and restore fiscal discipline to our dangerously extended financial system.
This Plan is the only plan in America with the power to restore economic liberty and free market dynamics, fundamentally strengthen the financial health of American families, reignite long-term a long term economic growth cycle, bolster the U.S. Dollar and preserve its status as the world’s reserve currency, and set America back on track for annual budget surpluses.
The key feature of this plan involves the massive elimination of debt burdens, reduced government dependence, and an enormous shift of capital flows from debt service into direct economic activity and tax revenue growth.
Background
Leading into the 2007-08 unfolding of the Great Financial Crisis, Wall Street financial titans, which included foreign banks, had been getting themselves deeper and deeper into ‘leveraged speculation’ with the use of Repo 105s to hide leverage and Special Purpose Vehicles (SPVs) to get risky ventures ‘off the books’ while at the same time pigeonholing their risk management departments.
These same mega-financial firms invented complex derivative investments with underappreciated counterparty risks.
The default waves began crashing to shore in late 2008, hedging strategies crumbled, and the U.S. Treasury rushed to the rescue with TARP, and the Federal Reserve created unique new funding facilities to transfuse the Wall Street financial markets with hundreds of billions of dollars of hot liquidity flows to rescue these firms (later uncovered by Bloomberg’s FOIAs in 2011: “Fed’s Secret Liquidity Lifelines”), and float these firms back up to meet their Capital Requirements and remain operational.
The very banks and insurers that precipitated this colossal crisis, freezing credit markets, crashing the economy and stock market, and ‘evaporating’ millions of jobs – were bailed out, ‘slick as a whistle,’ by the U.S. Treasury and Federal Reserve Bank. No ‘haircuts’ involved.
No ‘haircut’ for Goldman Sachs and Credit Suisse when their AIG derivative contracts proved utterly worthless. Goldman and Credit Suisse were bailed out ‘100 cents on the dollar.’
In total, Wall Street financial firms received trillions of dollars in direct liquidity transfers, credit guarantees, and off-loading large amounts of toxic assets from their own books onto the Fed’s balance sheet.
Meanwhile, Main Street America reeled from the collapse. Government deficits exploded. The food stamp rolls roared higher, from 26 million to 44 million – dependent on government for their daily food rations. And to top it all off, major mortgage servicers like JP Morgan and Wells Fargo, after receiving the Fed’s massive liquidity extensions, proceeded to foreclose on approximately 8 million homes in the U.S..
And nothing, whatsoever, got solved. American families are less financially secure than at any time in the last 10 years. The New York Fed’s Q4 2020 report shows Total Household Debt at a record $14.56 trillion. The U.S. corporate debt mountain has risen to over $10.5 trillion – with Treasury and the Fed entering in to backstop the game with massive corporate debt purchases.
National Debt: $27.962 trillion, not counting the Net Present Value (NPV) of unfunded liabilities. State and Local Government Debt: $3.169 trillion.
U.S. government and Federal Reserve central-planning policies have failed miserably.
The Plan
It is time for a dynamic new citizen-centered economic reset that grants U.S. citizens the same direct access to liquidity extensions, through a new Citizens Credit Facility, that was granted to the likes of: Morgan Stanley, Bank of America, Citigroup, JP Morgan, Goldman Sachs, Wells Fargo, Merrill Lynch, AIG, State Street, UBS, Barclays, Deutsche Bank, Royal Bank of Scotland, Credit Suisse, BNP Paribas, and many others.
It is time to activate the most powerful economic acceleration plan in the world, a plan that will eliminate massive amounts of ‘ground level debt in America,’ re-ignite a powerful new economic growth cycle, restore economic liberty and financial security for American families, rebuild a citizen-centered health care system, reduce America’s government debt load and generate government budget surpluses (2022-2026), and underpin long-term stabilization for the U.S. Dollar.
The Leviticus 25 Plan will generate federal budget surpluses of $383 billion / year in each of its first five years of activation (2022-2026). And it will pay for itself entirely over a 10-15 year period:
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 2022 (3701 downloads)
“He who will not apply new remedies must expect new evils.” – Sir Francis Bacon