Four key points:

1. The global financial system is careening toward a centralized digital currency system. It is beginning now with the world’s major central banks (U.S. Federal Reserve, European Central Bank, Bank of England, Bank of Japan, Bank of Canada, Swiss National Bank, along with individual countries, developing/implementing digital currencies.

2. The enormous debt loads amassed by the U.S., Europe, Japan, China will inevitably lead into periods of paper (fiat) currency instability and potentially credit market disorder. America’s national debt is listed today as $20.348 trillion (125.6% debt to GDP ratio). The true debt, also known as the fiscal gap, or the net present value of unfunded liabilities (NPV), is believed to be over $180 trillion.

The Federal Reserve, for one, will then have an open door to ‘rescue’ the U.S. financial system by offering citizens a conversion opportunity – out of paper Dollars, and into a new Federal Reserve-based digital currency (possibly termed, ‘Stable Coin’).

These initial Central Bank implementations will eventually be followed by a natural and unavoidable migration onto a global platform as a necessary standard for engaging in international trade.

3. Anyone who believes that President Biden is the author/originator of this Executive Order (EO) below is giving him far too much credit. There is clearly a globalist-minded cabal, behind the scenes, pulling all the levers and pushing all of the right buttons to coordinate the flow of these events.

4. There is nobody in the U.S. Congress offering forth a legitimate plan to deleverage America’s enormous debt load – which would have the tremendously beneficial effect of stabilizing the U.S. Dollar, recharging the U.S.economy, and providing a qualitatively new measure of financial security for millions of American families.

The Leviticus 25 Plan, the most powerful economic acceleration plan on the face of the earth, will deleverage America – and preserve our liberties.

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Fox Business:  Biden’s proposal for a new digital currency is an attack on liberty

A central bank digital currency would put even greater authority in the hands

By Justin Haskins FOXBusiness, March 26, 2022 – Excerpts:

While the world remains focused on the tragic situation in Ukraine, the Biden administration is preparing to launch America’s first government-backed digital currency. If a new digital dollar is rolled out, it could substantially reduce individual rights and give the Federal Reserve and the national government significantly more power over the U.S. economy.

On March 9, the White House released an executive order covering digital assets, including cryptocurrencies like Bitcoin. Under the far-reaching executive order, a long list of government agencies would develop plans for regulating, studying, and/or monitoring cryptocurrencies and the various exchanges where consumers buy, sell, and trade them.

The White House’s intrusion in the use of blockchain technology should be enough to worry advocates of free markets, but there’s an even more troubling part of Biden’s executive order: the potential development of an entirely new, digital currency.

The EO states the White House has placed “the highest urgency on research and development efforts into the potential design and deployment options” of a novel central bank digital currency (CBDC).

It further instructs numerous federal departments, including the Treasury Department, to work on the development of a “report on the future of money and payment systems, including the conditions that drive broad adoption of digital assets.”

The Treasury Department must submit the report within 180 days, about six months.

The White House is also asking the chairman of the Federal Reserve to “develop a strategic plan for Federal Reserve and broader United States Government action, as appropriate, that evaluates the necessary steps and requirements for the potential implementation and launch of a United States CBDC.” And within 210 days of the executive order, a CBDC “legislative proposal” must be presented to the president.

This is a truly remarkable and deeply troubling development.  If a CBDC were to be created, it would dramatically expand the power and influence of the federal government and Federal Reserve, in ways most Americans won’t understand until it’s too late to roll the CBDC back.

Unlike blockchain-based digital currencies such as Bitcoin, which are by design decentralized, a central bank digital currency would likely be programmable, meaning that it could be designed so that Americans could only use it for specific purposes. And it would be easy for banks and government agencies to track digital dollars and the people using them, unlike printed U.S. dollars available today.

Although some might be tempted to dismiss these fears as too far-fetched to be of serious concern for a country like the United States, there is strong evidence that the White House and Federal Reserve have already considered making a new digital dollar programmable, in line with their various social and economic goals

For instance, Biden’s executive order states that a CBDC should be designed to advance “financial inclusion and equity” and with “climate change and pollution” in mind.

A “fact sheet” released by the White House about the executive order also stated that its EO will “Promote Equitable Access to Safe and Affordable Financial Services” and that the government’s report about the development of a digital dollar must “include implications for economic growth” and “financial growth and inclusion.”

A senior administrative official also told reporters that the White House has and will continue to “partner with all stakeholders — including industry, labor, consumer, and environmental groups, international allies and partners” when developing plans for a central bank digital currency.

Why would unions, environmental groups, and business lobbyists be involved in the creation of a new currency, unless that currency is programmable?

A central bank digital currency could also transform America’s monetary system in important ways. Rather than use interest rates and complex monetary tools to help improve employment rates and keep inflation at target levels, a central bank digital currency could be created at will, with nothing more than a push of a button, and possibly even distributed directly to Americans—giving the Fed more control over the economy than ever before.

Perhaps most disconcerting of all is that a programmable central bank digital currency could be altered at any point in the future, giving it the potential to be politicized or to be subject to even greater restrictions.

The United States has become the world’s most successful society by empowering individuals and businesses, especially small businesses. A central bank digital currency would do just the opposite, putting even greater authority in the hands of a small number of banks, government officials, and bureaucrats. Biden’s plan for a central bank digital currency must be stopped.

Justin Haskins is the director of the Stopping Socialism Center at The Heartland Institute and the co-author, with Glenn Beck, of the forthcoming book, “The Great Reset: Joe Biden and the Rise of 21st Century Fascism.”

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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 2023 (4004 downloads)

WSJ: Debt and Inflation Threaten U.S. Security… Servicing costs could soon reach $1 trillion a year, which would crowd out spending on defense.

By Jeb Hensarling

The Wall Street Journal. Feb. 22, 2022 – Excerpts:

The national debt this month reached $30 trillion. Not only is this the largest debt in U.S. history in dollar terms, but the ratio of debt to gross domestic product is 119%—the largest it’s ever been. And things are only getting worse. The Congressional Budget Office predicts that the mammoth debt-to-GDP ratio will double over the next three decades. The Highway Trust Fund will likely become insolvent in 2027. Medicare Part A will run out of money in fiscal year 2026 and Social Security will go bust in fiscal 2033.

Now Americans are beginning to experience inflation, one of the primary costs of rapidly growing levels of national debt… To help finance $5.9 trillion of Covid relief, the Federal Reserve purchased Treasury debt from third parties, typically large banks known as primary dealers, and then with a few keystrokes the Fed simply created a new set of credits on its books for the sellers. Because of the additions of these credits, in two years the Fed’s balance sheet has doubled to almost $9 trillion, creating a risk of significant and sustained inflation.

Some policy makers and economists maintain that sustained harmful inflation can never happen here. They argue that because the dollar is the world’s reserve currency, investors will always want U.S. debt and the Treasury will always be able to roll that debt over as it matures. But “always” is a long time.

[snip]

Those who believe there can never be a debt crisis should look no further than the last financial crisis. For years, policy makers told us that Fannie Mae and Freddie Mac, the largest players in the housing market, would always remain solvent and strong. They were wrong. Fannie and Freddie failed, the housing market crashed, and the economy was brought to its knees. Fannie and Freddie weren’t problems until they were. Just as the national debt may never be a problem until it is.

We’ve had years of denial, delay and neglect in confronting the unsustainable national debt. Today’s high rate of inflation is simply a foreshadowing of what could come if the U.S. is forced to monetize the bulk of its national debt. Reduced economic growth, a diminished national defense, insolvent social safety-net programs and recession loom as well. The 9/11 Commission concluded the national security establishment suffered from a “failure of imagination.” Let’s hope the same doesn’t prove to be true when it comes to fiscal security.

Mr. Hensarling served as a U.S. representative from Texas (2003-19) and chairman of the House Financial Services Committee (2013-19).

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Mr. Hensarling – Meet the most powerful economic acceleration plan on the face of the earth….

The Leviticus 25 Plan will generate $583 billion federal budget surpluses for the initial 5 years of activation (2023-2027), and completely pay for itself over the next 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 2023

Economic Scoring links:

·  The Leviticus 25 Plan 2023 – $583 billion Federal Budget Surpluses (2023-2027), Part 1: Overview, Deficit Projection

·  The Leviticus 25 Plan 2023 – $583 Billion Federal Budget Surpluses Annually (2023-2027), Part 2: Federal Income Tax and Means-Tested Welfare Recapture Benefits.

·  The Leviticus 25 Plan 2023 – $583 Billion Federal Budget Surpluses Annually (2023-2027), Part 3: Medicaid/CHIP and Medicare Recapture Benefits

·  The Leviticus 25 Plan 2023 – $583 Billion Federal Budget Surpluses Annually (2023-2027), Part 4: VA, TRICARE, FEHB, SSDI Recapture Benefits

·  The Leviticus 25 Plan 2023 – $583 Billion Federal Budget Surpluses Annually (2023-2027), Part 5: Subtotals, Interest Expense Savings, Summary

Full Plan: Leviticus 25 Plan 2023 (3958 downloads)  

__________________________________________ 

Preview 1:

The Leviticus 25 Plan provides a $90,000 credit extension, direct from the Federal Reserve, to every participating U.S. citizen:  $60,000 into a Family Account (FA) and $30,000 into a Medical Savings Account (MSA).

Example:  Qualifying family of four would receive $240,000 in their FA, and $120,000 in their MSA.

Primary goals:  Massive debt elimination at family level: mortgage debt, consumer debt, student loan debt.  Federal budget surpluses.

Eligibility:  U.S. Citizen.  Job history, credit history requirement (similar to traditional credit checks for bank loans).  Clean recent drug history.  Clean crime history.

Requirements:  Forego all federal and state tax refunds for 5-year period.

Forego selected means-tested welfare benefits – for minimum 5-year period.

Forego all income security program benefits – for minimum 5-year period.

Forego new federally-subsidized ‘Family Medical Leave’ benefits – for minimum 5-year period.

Forego Child Tax Credit benefits – for minimum 5-year period.

Forego enhanced federal rental forbearance/assistance – for minimum 5-year period.

Forego SSI and SSDI for minimum 5-year period.

New $6,000 deductible on primary care access to: Medicare, Medicaid, VA, TRICARE, FEHB – for minimum 5-year period.

The Plan assumes that the elite-wealthy will not participate, because their refunds are too valuable to give up over the requisite 5-year period.

The Plan also assumes that many who heavily depend on social welfare benefits will also choose not to participate, because the overriding value of those benefits, vs foregoing them, over the 5-year period.

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$90,000 per U.S. citizen – Leviticus 25 Plan 2023 (4000 downloads)

March 22, 2022

U.S. Senate and U.S. House of Representatives, Washington, D.C.

Dear U.S Congress –

I am a life-long Republican – with concerns about the lack of any long-term strategy by Republican — to reverse the growth of government and intrusion into the daily affairs of hard-working, tax-paying U.S. citizens -and get America’s massive deficits back under control.

In that regard, I am writing to you today to update you on the ‘Main Street America Republican’ economic acceleration plan that will provide a dynamic ‘recharge’ to the U.S. economy and restore economic liberty in America – and a powerful leverage to reduce America’s debt and protect the long-term viability of the U.S. Dollar.

The Leviticus 25 Plan will generate $583 billion federal budget surpluses for the initial 5 years of activation (2023-2027), and completely pay for itself over the next 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 2023

Economic Scoring links:

·  The Leviticus 25 Plan 2023 – $583 billion Federal Budget Surpluses (2023-2027), Part 1: Overview, Deficit Projection

·  The Leviticus 25 Plan 2023 – $583 Billion Federal Budget Surpluses Annually (2023-2027), Part 2: Federal Income Tax and Means-Tested Welfare Recapture Benefits.

·  The Leviticus 25 Plan 2023 – $583 Billion Federal Budget Surpluses Annually (2023-2027), Part 3: Medicaid/CHIP and Medicare Recapture Benefits

·  The Leviticus 25 Plan 2023 – $583 Billion Federal Budget Surpluses Annually (2023-2027), Part 4: VA, TRICARE, FEHB, SSDI Recapture Benefits

·  The Leviticus 25 Plan 2023 – $583 Billion Federal Budget Surpluses Annually (2023-2027), Part 5: Subtotals, Interest Expense Savings, Summary

Full Plan: Leviticus 25 Plan 2023 (3958 downloads)  

Website:   https://Leviticus25Plan.org

__________________________________________ 

Preview 1:

The Leviticus 25 Plan provides a $90,000 credit extension, direct from the Federal Reserve, to every participating U.S. citizen:  $60,000 into a Family Account (FA) and $30,000 into a Medical Savings Account (MSA).

Example:  Qualifying family of four would receive $240,000 in their FA, and $120,000 in their MSA.

Primary goals:  Massive debt elimination at family level: mortgage debt, consumer debt, student loan debt.  Federal budget surpluses.

Eligibility:  U.S. Citizen.  Job history, credit history requirement (similar to traditional credit checks for bank loans).  Clean recent drug history.  Clean crime history.

Requirements:  Forego all federal and state tax refunds for 5-year period.

Forego selected means-tested welfare benefits – for minimum 5-year period.

Forego all income security program benefits – for minimum 5-year period.

Forego new federally-subsidized ‘Family Medical Leave’ benefits – for minimum 5-year period.

Forego Child Tax Credit benefits – for minimum 5-year period.

Forego enhanced federal rental forbearance/assistance – for minimum 5-year period.

Forego SSI and SSDI for minimum 5-year period.

New $6,000 deductible on primary care access to: Medicare, Medicaid, VA, TRICARE, FEHB – for minimum 5-year period.

The Plan assumes that the elite-wealthy will not participate, because their refunds are too valuable to give up over the requisite 5-year period.

The Plan also assumes that many who heavily depend on social welfare benefits will also choose not to participate, because the overriding value of those benefits, vs foregoing them, over the 5-year period.

Preview 2:

The Leviticus 25 Plan grants the same direct access to liquidity, through a Fed-based Citizens Credit Facility, similar to the credit facilities that were created by the Fed to transfuse trillions of dollars in direct transfers and credit extensions to Wall Street’s major banks, credit agencies and insurers during the great financial crisis. 

The following facilities were created and activated by the Fed for this massive Wall Street bail out operation: Term Auction Facility (TAF), Primary Dealer Credit Facility (PDCF), Term Securities Lending Facility (TSLF), currency swap agreements with several foreign central banks,  Commercial Paper Funding Facility (CPFF), Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF), Money Market Investor Funding Facility (MMIFF), and the Term Asset-Backed Securities Loan Facility (TALF), and access to the Fed’s Discount Window.

Additional perspective:  SIGTARP, the oversight agency of the Troubled Asset Relief Program (TARP), in its July 2009 report, vetted by Treasury, noted that the U.S. Government’s “Total Potential Support Related to Crisis” (page 138) amounted to $23.7 trillion. While this figure represents a backstop commitment, not a measure of total potential loss, it is nonetheless an astounding degree of support, in the form of liquidity infusions, credit extensions and guarantees, various other forms of assistance for financial institutions and other business entities affected by the financial crisis.

Preview 3:

The Leviticus 25 Plan website has been accessed on one or more occasions by the following financial enterprises/agencies: 

JP Morgan

Goldman Sachs

Morgan Stanley

Bank of America

Citigroup

Wells Fargo

State Street

Merrill Lynch

AIG

Barclays Plc

Royal Bank of Scotland

Deutsche Bank

Société Générale S.A

UBS AG

Credit Suisse

BNP Paribas

The U.S. Department of Treasury

General Accountability Office (GAO)

The European Central Bank (ECB)

Bank of England (BOE)

Swiss National Bank (SNB)

Bank of Canada

Bank of Montreal

Bank for International Settlements (BIS)

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The General Accountability Office has stated that America’s ongoing debt crisis is unsustainable.

It is time for America to initiate a bold, new plan.

The Leviticus 25 Plan is loaded up and ready to launch.

Sincerely,

Bernie Hendricks, Brookings, SD | Author, The Leviticus 25 Plan

Bloomberg  Nov 28, 2011 –  Excerpts:

As the U.K.’s biggest mortgage lender, Edinburgh-based HBOS Plc faced mounting losses in September 2008 on subprime home loans to people with poor credit histories, as well as on so-called Alt-A loans, which didn’t require borrowers to provide proof of income.

On Sept. 18, London-based Lloyds TSB Group Plc agreed to buy HBOS, and the U.K. government later injected 17 billion pounds ($27 billion) of capital into Lloyds to assure the deal closed.

The Federal Reserve helped, too. HBOS borrowed as much as $18 billion from the U.S. central bank in November 2008. Lloyds completed the takeover in January 2009 and kept using HBOS as a conduit to borrow from the Fed through February 2010.

Peak amount of debt on 11/20/2008: $18B

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Note: Lloyds Banking Group, Plc was later named as one of the banks involved in defrauding U.S. citizens and municipalities via LIBOR rate manipulation.

LIBOR rate-rigging defrauded U.S. mortgage holders via ARMs resets. It also burned municipalities across the U.S. billions out of dollars in municipal bond costs by artificially ‘tilting’ rates against the interest rate swaps that had been purchased by municipalities, such as Baltimore, to hedge the bonds. And it adversely affected the value of ‘swap lines’ that were held by several dozen U.S. banks.

Reuters reported on March 14, 2014 that the FDIC was suing 16 banks that it believed were involved in LIBOR rate-rigging: “The banks named as defendants include Bank of America Corp, Citigroup Inc, Credit Suisse Group AG, Deutsche Bank AG, HSBC Holdings PLC, JPMorgan Chase & Co, and Royal Bank of Scotland Group PLC.”

“Other defendants in the lawsuit included Rabobank, Lloyds Banking Group plc, Societe Generale, Norinchukin Bank, Royal Bank of Canada, Bank of Tokyo-Mitsubishi UFJ and WestLB AG.” Barclays and UBS had already settled.
……………………………………………..

Note: all of the named banks had received billions of dollars, during the height of the financial crisis, from the Fed’s “secret liquidity lifelines.”
Citigroup, peak amount received from Fed: $99.5B
Bank of America: $91.4B
RBS: $84.5B
Barclays $64.9B
The most recent bank to be implicated, and fined: Lloyd’s Banking Group, Plc, peak amount received from Fed during the financial crisis: $505M
___________________________________

The very banks that received billions of dollars in bailout funds from the U.S. Federal Reserve were defrauding American families, state municipalities, and other U.S. financial institutions.
American families deserve nothing less than the same direct access to liquidity that these banks received, from various Federal Reserve credit facilities, and ultimately, U.S. taxpayers, during the great financial crisis.

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 2023 (3986 downloads)

F.A. Hayek is regarded by many as the greatest economist in the history of the Western world.  In his famous work, “The Road to Serfdom,” Hayek warned about the dangers of national centralization.

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F.A. Hayek On “The Great Utopia” | Zero Hedge                    

Excerpts:

The Great Utopia

There can be no doubt that most of those in the democracies who demand a central direction of all economic activity still believe that socialism and individual freedom can be combined. Yet socialism was early recognized by many thinkers as the gravest threat to freedom.

It is rarely remembered now that socialism in its beginnings was frankly authoritarian. It began quite openly as a reaction against the liberalism of the French Revolution. The French writers who laid its foundation had no doubt that their ideas could be put into practice only by a strong dictatorial government. The first of modern planners, Saint-Simon, predicted that those who did not obey his proposed planning boards would be “treated as cattle.”

Nobody saw more clearly than the great political thinker de Tocqueville that democracy stands in an irreconcilable conflict with socialism: “Democracy extends the sphere of individual freedom,” he said. “Democracy attaches all possible value to each man,” he said in 1848, “while socialism makes each man a mere agent, a mere number. Democracy and socialism have nothing in common but one word: equality. But notice the difference: while democracy seeks equality in liberty, socialism seeks equality in restraint and servitude.”

To allay these suspicions and to harness to its cart the strongest of all political motives—the craving for freedom — socialists began increasingly to make use of the promise of a “new freedom.” Socialism was to bring “economic freedom,” without which political freedom was “not worth having.”

[snip]

Individual freedom cannot be reconciled with the supremacy of one single purpose to which the whole of society is permanently subordinated. To a limited extent we ourselves experience this fact in wartime, when subordination of almost everything to the immediate and pressing need is the price at which we preserve our freedom in the long run. The fashionable phrases about doing for the purposes of peace what we have learned.to do for the purposes of war are completely misleading, for it is sensible temporarily to sacrifice freedom in order to make it more secure in the future, but it is quite a different thing to sacrifice liberty permanently in the interests of a planned economy.

To those who have watched the transition from socialism to fascism at close quarters, the connection between the two systems is obvious. The realization of the socialist program means the destruction of freedom. Democratic socialism, the great utopia of the last few generations, is simply not achievable.

___________________________________

There is one economic plan with the raw power to counter the false utopian promises of security and equality.

The Leviticus 25 Plan is the one and only economic dynamic in today’s world with the power to advance the cause of financial security for U.S. citizens and economic liberty for the whole of America.

The Leviticus 25 Plan provides direct liquidity access for participating 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 2023 (3986 downloads)

A Look Back: Thank you Hank Paulson, Tim Geithner, and Ben Bernanke – from the bottom of Warren Buffett’s heart…

The U.S. government responded to critical liquidity shortages within Wall Street’s financial sector and a crumbling U.S. economy during the 2008-09 financial crisis, by funneling trillions of dollars in direct cash transfers, emergency loans, credit guarantees, and balance-sheet-clearing toxic mortgage debt purchases – to many of America’s premier financial corporations.

Billionaire Warren Buffett lobbied hard for the massive bailouts…. and with good reason. At least eight of these companies receiving billions of dollars of taxpayer bailouts were owned by Mr. Buffett’s Berkshire Hathaway.

Buffett’s Betrayal: Rolfe Winkler | Reuters / Aug 4, 2009 – Excerpts:
A good chunk of his [Warren Buffett’s] fortune is dependent on taxpayer largess. Were it not for government bailouts, for which Buffett lobbied hard, many of his company’s stock holdings would have been wiped out.

Berkshire Hathaway, in which Buffett owns 27 percent, according to a recent proxy filing, has more than $26 billion invested in eight financial companies that have received bailout money. The TARP at one point had nearly $100 billion invested in these companies and, according to new data released by Thomson Reuters, FDIC backs more than $130 billion of their debt.

To put that in perspective, 75 percent of the debt these companies have issued since late November has come with a federal guarantee.

Without FDIC’s debt guarantee program, even impregnable Goldman would have collapsed.And this excludes the emergency, opaque lending facilities from the Federal Reserve that also helped rescue the big banks. Without all these bailouts, the financial system would have been forced to recapitalize itself.

Banks that couldn’t finance their balance sheets would have sold toxic assets at market prices, and the losses would have wiped out their shareholder’s equity. With $7 billion at stake, Buffett is one of the biggest of these shareholders.

…………………………………………………………………………………

Fast-forward to 2015… the country’s second richest man was back, ‘sticking it to’ the very people whose billions of dollars bailed him out seven short years ago – U.S. taxpayers.

Warren Buffett, Slumlord – Predatory Loans, Kickbacks & Preying On The Poor  

ZeroHedge, Apr 6, 2015 – Excerpts:                                                                  

Buffett’s mobile-home empire promises low-income Americans the dream of homeownership. But Clayton [controlled by America’s second richest man, billionaire Warren Buffet], relied on predatory sales practices, exorbitant fees, and interest rates that can exceed 15 percent, trapping many buyers in loans they can’t afford and in homes that are almost impossible to sell or refinance, an investigation by The Seattle Times and Center for Public Integrity has found.

  _____________________________________

America does not need ‘wealth redistribution,’ as many socialist-minded politicians are demanding.

What America does need is equal access by the citizenry to the types of Federal Reserve monetary credit flows that were so generously provided to Mr. Buffett and his well-heeled, well-connected Wall Street cronies received during the stupendous financial sector bailouts.

U.S. citizens deserve nothing less than to be granted that same direct access to liquidity that the U.S. Federal Reserve showered on Wall Street’s wealthy elites over what ended up being a 5-year flow from 2007-2012.

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 2023 (3986 downloads)

U.S. Health Care – massive costs with under-performing outcomes….

……………………………………………………

Key Drivers of the National Debt – Health Care Costs

Excerpts:

One of the primary drivers of America’s long-term fiscal challenges is our inefficient healthcare system. Combined with the demographic realities of an aging population, America’s healthcare system leaves us with an unsustainable fiscal future. Not only will more Americans qualify for federal healthcare programs like Medicare in the coming years, but older people, on average, need more healthcare. Consequently, without reform, the federal budget will bear the cost of rapidly growing healthcare bills.

In 2020, the United States spent $4.1 trillion — or 20 percent of the national economy — on healthcare. On a per capita basis, our healthcare system is the most expensive among advanced nations. Yet, America’s health outcomes are generally no better than those of our peers, and in some cases are worse, including in areas like life expectancy, infant mortality, asthma, and diabetes.

Put simply, we are paying more than other countries, but we aren’t seeing better results. Healthcare experts have estimated that 25 percent of our total healthcare spending goes to unnecessary and wasteful services. Furthermore, healthcare spending is projected to keep rising — faster than inflation, wages, and the overall economy. Not only does the system result in health outcomes that are generally no better for patients, but its inefficiency also creates enormous challenges for the U.S. economy and federal government.

The primary reasons why our healthcare system underperforms is because the typical factors that fuel improvement and innovation in other industries are lacking in healthcare:

• Historically, consumers have not been cost sensitive because their employers and health plans often cover a large share of their costs and because they lack the information required to assess quality and cost.
• Employers and insurers often assume a passive role, accepting annual cost increases, and eventually pass those costs on to customers and employees.
• Providers generally operate under a fee-for-service model in which they are compensated based on the volume of their services, rather than the value of the care they provide.
• Improvements in technology often make healthcare more expensive.

Under this system, the demands and rewards for quality, efficiency, and price sensitivity are sharply reduced.

The growth in healthcare costs per person has slowed in the last few years, but it is uncertain how long this welcomed trend will continue. Despite the slowdown, the Centers for Medicare and Medicaid Services projects that total spending for healthcare will climb to 19 percent of GDP in 2025. According to CBO, spending on the major federal healthcare programs will rise from 5.7 percent of GDP in 2022 to 9.4 percent in 2051 — an increase of 64 percent.

___________________________________

It is time to decentralize the U.S. economy – and return to a citizen-centered health care system.

Putting citizens back in control of their access to primary health care services will lead to participating consumers taking a more active, cost sensitive role in their health care decisions. It will re-establish and strengthen patient-provider relationships, and reduce inefficiencies and costs.

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 2023 (3978 downloads)

America needs a plan to decentralize and streamline health care – to improve access, reduce runaway costs, and rescue a broken system

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JAMA Network – Special Communication, October 7, 2019

Waste in the US Health Care System Estimated Costs and Potential for Savings

William H. Shrank, MD, MSHS¹; Teresa L. Rogstad, MPH¹; Natasha Parekh, MD, MS²Author Affiliations JAMA. 2019;322(15):1501-1509. doi:10.1001/jama.2019.13978

Source: https://jamanetwork.com/journals/jama/article-abstract/2752664

Abstract

Importance  The United States spends more on health care than any other country, with costs approaching 18% of the gross domestic product (GDP). Prior studies estimated that approximately 30% of health care spending may be considered waste. Despite efforts to reduce overtreatment, improve care, and address overpayment, it is likely that substantial waste in US health care spending remains.

Objectives  To estimate current levels of waste in the US health care system in 6 previously developed domains and to report estimates of potential savings for each domain.

Evidence  A search of peer-reviewed and “gray” literature from January 2012 to May 2019 focused on the 6 waste domains previously identified by the Institute of Medicine and Berwick and Hackbarth: failure of care delivery, failure of care coordination, overtreatment or low-value care, pricing failure, fraud and abuse, and administrative complexity. For each domain, available estimates of waste-related costs and data from interventions shown to reduce waste-related costs were recorded, converted to annual estimates in 2019 dollars for national populations when necessary, and combined into ranges or summed as appropriate.

Findings  The review yielded 71 estimates from 54 unique peer-reviewed publications, government-based reports, and reports from the gray literature. Computations yielded the following estimated ranges of total annual cost of waste: failure of care delivery, $102.4 billion to $165.7 billion; failure of care coordination, $27.2 billion to $78.2 billion; overtreatment or low-value care, $75.7 billion to $101.2 billion; pricing failure, $230.7 billion to $240.5 billion; fraud and abuse, $58.5 billion to $83.9 billion; and administrative complexity, $265.6 billion.

The estimated annual savings from measures to eliminate waste were as follows: failure of care delivery, $44.4 billion to $97.3 billion; failure of care coordination, $29.6 billion to $38.2 billion; overtreatment or low-value care, $12.8 billion to $28.6 billion; pricing failure, $81.4 billion to $91.2 billion; and fraud and abuse, $22.8 billion to $30.8 billion. No studies were identified that focused on interventions targeting administrative complexity. The estimated total annual costs of waste were $760 billion to $935 billion and savings from interventions that address waste were $191 billion to $286 billion.

Conclusions and Relevance  In this review based on 6 previously identified domains of health care waste, the estimated cost of waste in the US health care system ranged from $760 billion to $935 billion, accounting for approximately 25% of total health care spending, and the projected potential savings from interventions that reduce waste, excluding savings from administrative complexity, ranged from $191 billion to $286 billion, representing a potential 25% reduction in the total cost of waste. Implementation of effective measures to eliminate waste represents an opportunity reduce the continued increases in US health care expenditures.

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