A Look back…
Norinchukin Bank is a Japanese bank with a hefty U.S. investment portfolio (over $800 billion). It is Japan’s largest hedge fund and has branches overseas in New York, London, and Singapore.
Bloomberg notes below that Norinchukin routinely accessed the Federal Reserve discount window for “usual fundraising needs for U.S. dollars.”
Bloomberg Nov 28, 2011:
While the U.S. Federal Reserve’s website says its 97-year-old discount window is designed to “relieve liquidity strains in a depository institution,” Norinchukin Bank made the discount window part of the business plan. “We used the Fed’s discount window as part of our usual fundraising needs for U.S. dollars,” Junji Okamoto, a spokesman for Japan’s largest lender for farmers and fishermen, said in an interview.
“We did not have any special urgency or specific needs for the borrowing.” The Tokyo-based lender, owned by more than 4,000 shareholders including farm, fishing and forestry cooperatives, kept a $6 billion balance at the discount window from October 2008 through October 2009. Its overall Fed borrowings peaked at $22 billion in June 2009.
Peak amount of debt on 6/29/2009: $22B
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Question: If a Japanese Bank / hedge fund with shareholders from 4,000 Japanese cooperatives can routinely draw liquidity infusions from the Federal Reserve, then would there be a reasonable basis for allowing U.S. citizens direct access to the same liquidity?
Answer: Yes.
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 2025 (20201 downloads )
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“He who will not apply new remedies must expect new evils.” – Sir Francis Bacon