The U.S. Congress and the U.S. Federal Reserve have not formalized a strategy to rejuvenate the U.S. economic system, promote economic liberty, and preserve the strength and stability of the U.S. Dollar.

Why?  They literally have no strategy.…

The formalized policies of the U.S. Congress and the various agencies they have empowered include:

• Unmitigated deficit spending;
• Expanding the social welfare system and increasing government control over the daily affairs of U.S. citizens;
• Over-regulating / handicapping the free market system in America;
• Funding and facilitating special interest groups that are openly hostile to American values and the American dream;

The formalized policies of the U.S. Federal Reserve include: 

• Expanding its balance sheet to fund (directly and indirectly) the federal government’s voluminous deficit spending proclivities;
• Creating various credit facilities to transfuse Wall Street financial institutions (domestic and foreign) with trillions of dollars in liquidity extensions and credit guarantees to disentangle them from leveraged speculation and failed financial innovation schemes, mothballed risk management protections, credit-rate shopping sprees, counter-party defaults, and doomed predatory lending rackets;
• Rewarding the Fed’s Primary Dealers with ongoing special access to liquidity lines which are minimally beneficial to the economic health of U.S. citizens and main street America.

The Leviticus 25 Plan will correct these glaring distortions in our economic system through:

• Granting U.S. citizens the same direct access to liquidity that was provided by the Federal Reserve to major banking institutions like Morgan Stanley, JP Morgan, Goldman Sachs, Bank of America, Citigroup; AIG, Merrill Lynch, Bear Stearns, State Street, Barclays, RBS, Deutsche Bank, UBS, BNP Paribas, HSBC, and many others during the great financial crisis (2007-2012);
• Facilitating massive debt elimination for American families;
• Generating $583 billion federal budget surpluses for the first five years of activation (2023-2027);
• Paying for itself entirely over a 10-15 year period;
• Revitalizing a citizen-centered health care system in America;
• Reigniting long-term productive economic growth;
• Providing the framework for long-term strength and stability in the U.S. Dollar;
• Restoring economic liberty and free market economics in America;
• Putting America squarely back on track for long-term financial health and prosperity for all U.S. citizens;
• Helping to keep America free of corrupting and dangerous financial entanglements that threaten our national sovereignty.

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 (4060 downloads)

“The free man will ask neither what his country can do for him nor what he can do for his country. He will ask rather “What can I and my compatriots do through government” to help us discharge our individual responsibilities, to achieve our several goals and purposes, and above all, to protect our freedom?

And he will accompany this question with another: How can we keep the government we create from becoming a Frankenstein that will destroy the very freedom we establish it to protect?

Freedom is a rare and delicate plant. Our minds tell us, and history confirms, that the great threat to freedom is the concentration of power. Government is necessary to preserve our freedom, it is an instrument through which we can exercise our freedom; yet by concentrating power in political hands, it is also a threat to freedom.

Even though the men who wield this power initially be of good will, and even though they be not corrupted by the power they exercise, that power will both attract and form men of a different stamp.” – Milton Friedman Capitalism and Freedom, 1962

Société Générale S.A. (SocGen), the 3rd largest bank in France and 8th largest in Europe, hit some ‘speed bumps’ in 2008. They announced to the world on the 28th of January 2008 that one of their junior future traders had racked up a series of regrettable trading losses. And the company was ‘out’ a cool $7.2 billion.

At about this same time, wiser minds at SocGen were ‘chasing yield’ and loading the company up with Mortgage Backed Securities, including certain ‘cesspool grade’ MBS’s, packaged and pedaled by Goldman Sachs. They insured their mortgage-backed asset portfolio with billions of dollars worth of hedging in AIG ‘sewer-quality’ credit default swaps (CDS’s).

AIG, with no meaningful reserves, bled out quickly when the mortgage default wave ripped across America in 2007-08, and SocGen was staring up at an $11 billion loss.

The U.S. Federal Reserve stepped in to ‘cover’ AIG’s counterparties (at 100 cents on the dollar), and SocGen promptly received (courtesy of U.S. taxpayers) $6.9B in CDS payments and $4.1B in collateral postings from AIG in March 2009.

On top of all that, the Fed aimed the “secret liquidity lifeline” water canon SocGen’s way and soaked them with an additional $17.4B.

And SocGen regained its ‘financial health’ by the end of 2010. Thanks to U.S. taxpayers.

……………………………………………………..

Bloomberg  Nov 28, 2011 –

Excerpts:

Societe Generale SA, which in January 2008 spooked investors by announcing a record 4.9 billion-euro ($7.2 billion) trading loss from unauthorized bets by a former trader, was one of the earliest borrowers from the U.S. Federal Reserve’s discount window during the crisis. On May 22, 2008, the Paris-based bank got $3.5 billion of loans from the window — 23 percent of the total outstanding for all banks on that date — in addition to $13.9 billion from the Term Auction Facility.

After Lehman Brothers Holdings Inc.’s collapse in September 2008, Societe Generale received 1.7 billion euros of preferred shares and 1.7 billion euros of subordinated debt from the French government to bolster its capital and lending. The bank repaid the state funds in November 2009 after a rights offering.

Peak amount of [Fed-based] debt on 08/22/2008: $17.4B

……………………………………………………

U.S. citizens deserve nothing less than to be granted access to the same direct liquidity flows that major U.S. and foreign banks received during the financial crisis of 2007-2010.

This access to liquidity would relieve debt burdens at ‘ground level’ in America, and restore ‘financial health’ to U.S. citizens.

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$90,000 per U.S. citizen – Leviticus 25 Plan 2023 (4055 downloads)

Labor Shortages – Recent BLS reports indicate that the 11.3 million job opening in the U.S. is approximately 5 million more than the number of unemployed workers (~6 million).

Heritage Foundation, Feb 24, 2022: Evidence from past studies of welfare -without-work benefits find that they tend to reduce the supply of work, and a recent National Bureau of Economic Research study on the effects of the pandemic unemployment insurance benefits found that they significantly restricted employment.

One of the unintended consequences of social welfare benefits is that they disincentivize work.

The Leviticus 25 Plan avoids that consequence by not penalizing work, and by giving participating U.S. citizens a more powerful ‘boost’ up out of poverty than current anti-poverty programs are providing.

………………………………….

Education – Teacher Benefits

The Leviticus 25 Plan would extend direct liquidity benefits for millions of public and private school teachers across America, sufficient to eliminate vast amounts of mortgage and consumer debt balances – saving teachers and their families enormous amounts of debt service obligations each year.

Example: A participating family of four, receiving $240,000 ($60,000 per family member) in their Family Account and $120,000 ($30,000 per family member) in their Medical Savings Account) would be able to eliminate, or significantly reduce, a mortgage balance – which would then save them $700 – $1,000 per month in principal and interest payments…. for possibly the next 15-20 years, depending on the number of years to maturity.

And they might be able to pay off other forms of installment debt, saving hundreds of dollars per month.

Participating teachers’ families would also have significant additional funds available for primary health care needs.

The Leviticus 25 Plan would be far and away more effective at improving financial security for teachers than any tax-and-spend teacher pay mandates imposed by government.

………………………………..

Education – Student Loans

Wall Street Journal, Apr 6, 2022: “The Committee for a Responsible Federal Budget (CRFB) estimates the loan pause [college loan forbearance] has cost taxpayers more than $100 billion, and the latest four-month extension will add another $15 billion to $20 billion.”

The Leviticus 25 Plan, with each participating college student receiving a deposit of $60,000 into a Family Account and $30,000 into a Medical Savings Account, offers benefits which are far superior to government ‘forbearance’ or ‘forgiveness’ programs – which apply only to government-backed student loans, not private loans.

1. Participating students would be able to pay off or significantly reduce loan balances of both government and private student loans

2. Students would also have additional available funds for primary health care needs.

3. Government-backed forbearance / forgiveness plans are unfair to all of the hundreds of thousands of students from the past who have worked hard and budgeted to pay off their student loans.

4. The Leviticus 25 Plan would eliminate U.S. taxpayer losses of hundreds of billions of dollars in forbearance costs and/or trillions of dollars in loan forgiveness.

____________________________________

The Leviticus 25 Plan grants U.S. citizens the same direct access to liquidity that was provided, courtesy of the Fed, to major Wall Street financial institutions like Moran Stanley, JP Morgan, Goldman Sachs, Bank of America, Citigroup, Wells Fargo, AIG, Merrill Lynch, State Street, Deutsche Bank, UBS AG, Barclays, BNP Paribas, Royal Bank of Scotland, and many others.

The Leviticus 25 Plan would conservatively generate a federal budget surplus of $583 billion per year for each of the first five years of activation (2023-2027) – and would pay for itself entirely over the following 10-15 years.

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

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 (4051 downloads)

The Fed, over the course of the last 15 years, has spawned America’s current and enormous wealth disparity … in more direct ways than most people realize…

……………………………………………………..

Bailouts for Billionaires – Matt Taibbi, Sep 21, 2010 – Excerpts:

Warren Buffet and Berkshire-Hathaway made a $5 billion equity investment in Goldman Sachs at the height of the financial crisis. If Goldman doesn’t get $13 billion via the AIG bailout, that investment vanishes. If Goldman doesn’t get handed a federal bank charter overnight (allowing them to borrow huge amounts of cheap cash from the Fed) and doesn’t get a ban on short-selling and doesn’t get $10 billion from the TARP, again, B-H loses that $5 billion.

Moreover Berkshire-Hathaway is the largest shareholder in Wells Fargo, which got $25 billion from the TARP and also had government help in acquiring Wachovia in a shotgun wedding for $12.7 billion (W-F balked at buying Wachovia until it was given about $25 billion in tax breaks by the government).

So that’s just two of Berkshire-Hathaway’s biggest investments that collectively received at least $70 billion in government aid during the bailouts, by my count (this doesn’t even include the various Fed facilities and lesser-known bailout programs that  helped banks like Goldman and Wells-Fargo stay afloat)…..

[Note: Forbes Billionaires list: #5 Warren Buffet, $124.4 Billion]

______________________________

Barrons: BlackRock Is Biggest Beneficiary of Fed Purchases of Corporate Bond ETFs

By Leslie P. Norton | une 1, 2020 2:05 pm ET – Excerpts:

As the Federal Reserve began its historic purchases of corporate bonds exchange-traded funds, almost half of the Fed’s purchases went into BlackRock funds, according to ETFGI, an ETF research and consulting firm.

The Fed is not the first central bank to buy ETFs as part of a stimulus package, but it is buying both ETFs and corporate bonds for the first time in its 107-year history. The Bank of Japan has been buying equity ETFs since 2012 as part of quantitative easing, says Deborah Fuhr, managing partner of ETFGI.

Between May 12 and May 19, the Fed bought $1.58 billion in investment grade and high-yield ETFs with a current market value of $1.31 billion. Six were high-yield ETFs and 11 were investment grade. Some 83% of the purchase went into investment grade ETFs; the rest into high-yield ETFs.

BlackRock’s iShares has 38.1% of the exchange-traded product market; Vanguard has 26.5%, and State Street ’s SPDR ETFs has 16.5%, says ETFGI.

[Note: 2022 Forbes, Black Rock Chairman and CEO Larry Fink – net worth: $1 Billion]

_______________________________

And then we have all of the CEOs, officers, board of directors members of the major Wall Street Banks that received hundreds of billions in bailout money and TARP funds during the 2007-2010 great financial crisis, the likes of: JPMorgan, Morgan Stanley, Citigroup, Bank of America, Goldman Sachs, Wells Fargo, State Street, Merrill Lynch, AIG… and foreign banks, including: Barclays, RBS, Deutsche Bank, BNP Paribas, UBS AG, and others..

_______________________________

WOLFSTREET – The Major U.S. Wealth Gap:

“The Fed’s wealth distribution data divides the US population into four groups by wealth: The “Top 1%,” the “Next 9%” (2% to 10%),” the “next 40%,” and the “bottom 50%.” My Wealth Effect Monitor divides this data by the number of households in each category, to obtain the average wealth per household in each category. Note the immense increase in the wealth for the 1% households after the Fed’s money-printing scheme and interest rate repression started in March 2020″:

“As you can see from the steep curve of the red line, the “Top 1%” households were the primary beneficiaries of the Fed’s policies since March 2020. These policies were designed to inflate asset prices, and only asset holders benefited from that. The more assets they held, the more they benefited.”

_______________________________

The ‘Big Money’ flows freely to the ‘Big Players’ of the financial world when the Fed feels the need to ‘goose the economy.’ And the economy is no better for it. America is drowning in debt, U.S. Dollar stability is at risk, businesses are plagued by a skilled labor shortage, and the economy is now teetering on the edge of recession,

It is time for the Fed to ‘re-target’ its liquidity flows. It is time for U.S. citizens and their families to be granted the same direct access to Fed-generated liquidity extensions.

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$90,000 per U.S. citizen – Leviticus 25 Plan 2023 (4048 downloads)

Democrats are out to win votes with plans to expand the Affordable Care Act, extend student loan forbearance, and… funnel $2.6 billion out through the foreign aid pipelines to fund global gender equity programs.

Republicans should have a counter-plan to set America back on track for massive deficit reductions, financial security for American families (independent of government programs), and wean people off entitlement programs — but they don’t.

The U.S. Congress has set America on track for an eventual U.S. Dollar collapse.

Here we go with the latest…

…………………………………………

Foreign Aid – Gender Equity

Biden Wants $2.6 Billion For Gender Equity Worldwide

ZeroHedge, Apr 5, 2022 | Authored by Adam Andrzejewski via RealClear Policy, – Excerpts:

On International Women’s Day, President Joe Biden announced that his FY 2023 budget will include $2.6 billion for foreign assistance programs to promote gender equity, more than double than what he set aside the previous year….

Last summer, our auditors at OpenTheBooks.com released a report showing that U.S. taxpayers already pay approximately $50 billion a year in foreign aid – an amount more than the federal money flowing to 48 out of 50 state governments.

Much of the new worldwide gender funding will likely go to individual missions and embassies in foreign countries, which will have broad discretion in the programs they choose to sponsor.

With few guidelines and little oversight, there’s no telling where these funds will end up.

The budget request will soon be sent to Congress, which ultimately decides what funding to approve, but the Democratic majority in the House of Representatives will likely try to incorporate the president’s priorities into its bill. It’s likely that $2.6 billion for gender equity for foreign assistance programs will make its way into the final bill.  

The #WasteOfTheDay is brought to you by the forensic auditors at OpenTheBooks.com.

………………………………….

ACA Expansion

WSJ: Biden Proposes Change to Affordable Care Act to Extend Subsidies for Families. The change would close a gap that prevents some people with employer-based insurance from getting ACA subsidies

By Stephanie Armour and Andrew Restuccia | Updated Apr. 5, 2022 – Excerpts:

Some people unable to afford health insurance for their families would be able to get Affordable Care Act subsidies under a proposal by the Biden administration aimed at shoring up the Obama-era law.

The proposed change, which President Biden announced on Tuesday, would recalculate what is considered affordable for a family with employer-based health insurance.

…………………………………

Student Loan Extensions

WSJ, Mar 18, 2022 – Here we go again. The March 2020 Cares Act provided a temporary pause on loan payments and interest accrual through September 2020. Presidents Trump and Biden used emergency executive power to extend the forbearance, which has cost taxpayers about $5 billion a month….

WSJ: Biden Administration to Extend Student-Loan Payment Pause Through End of August.

By Gabriel T. Rubin and Andrew Restuccia | Updated Apr. 5, 2022 – Excerpts:

WASHINGTON—The Biden administration is planning to extend until the end of August a pause on federal student-loan payments, according to people familiar with the matter.

Payments and interest accrual have been paused for borrowers with federal student loans since March 13, 2020, at the start of the pandemic. The pause is currently scheduled to expire on May 1, following a 90-day extension that was announced as cases of the Omicron variant of Covid-19 surged last December. Politico and The Hill earlier reported the planned extension. About 40 million people owe around $1.6 trillion in federal student debt, a sum bigger than credit-card or auto debt. The pause on student-loan payments has lasted longer than most other economic relief measures instituted in the early days of the pandemic by Congress and the White House, such as a ban on evictions and enhanced unemployment benefits, both of which expired last year….

__________________________________

Washington Republicans don’t have a plan, or a clue, about how to clean up America’s debt monstrosity, or how to properly reinvigorate the U.S. economy, or how to restore financial security (independent of government programs) for millions of families, or recreate a citizen-centered health care system, or set the U.S. Dollar back on track for long-term stability.

America’s hard-working, tax-paying, God-fearing Republicans, the back-bone of our country, do have a 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

$90,000 per U.S. citizen – Leviticus 25 Plan 2023 (4047 downloads)