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Leviticus, chapter 25 outlines a divinely inspired plan which “the Lord spake unto Moses” in proclaiming a unique period of Jubile. “And ye shall hallow the fiftieth year, and proclaim liberty throughout all the land unto all the inhabitants thereof” (verse 10).

Debtors – bondmen and bondmaids – were granted liberty from their indebtedness. Property was returned to the rightful owners, and distinct benefits were accorded “the poor, who now were acquitted from all their debts, and restored to their possessions” (Wesley). Leviticus 25:17 sets forth the solemn reminder, “Ye shall not therefore oppress one another; but thou shalt fear thy God: for I am the Lord your God.”

Jubile “set bounds both to the insatiable avarice of some, and the foolish prodigality of others, that the former might not wholly and finally swallow up the inheritances of their brethren, and the latter might not be able to undo themselves and their posterity forever, which was a singular privilege of this law and people.” (Wesley)

Jubile provided a fresh start with economic liberties and a societal rebalancing to counter permanent class structures.

America is ready now for a plan that is modeled upon these divine precepts – an economic recovery plan that directly benefits American citizens in a timely manner.

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$90,000 per U.S. citizen – Leviticus 25 Plan 2025 (21752 downloads )

“The Risks Are Building To The Downside”: IMF Cuts Global Growth Forecast After Warning Global Debt To Hit $100 Trillion

ZeroHedge, Oct 22, 2024 – Excerpts:

The International Monetary Fund lowered its global growth forecast for next year and warned of accelerating risks from surging debt, to global wars to trade protectionism, even as it credited central banks for taming inflation without sending nations into recession.

In its World Economic Outlook report published on Tuesday morning, the IMF forecast global output will expand 3.2%, 0.1 percentage point slower than a July estimate It left the projection for this year unchanged at 3.2%.

In terms of next year’s outlook, the IMF forecast for the euro area was downgraded to 1.2%, 0.3% lower than in July, due to persistent weakness in manufacturing in Germany and Italy. On the other end, the US forecast for 2024 and 2025 was upgraded to 2.8% and 2.2%, up by 0.2% and 0.3% respectively, due to stronger consumption, but really because of the endless Biden-admin stimulus in the form of a wartime-level budget deficit which is now at 6% of GDP, and which has led to an exponential surge in US debt issuance.

The projection for Mexico was cut for this year by the most among major economies, as well as for next year, based on the impact of monetary policy tightening. China’s growth outlook for this year was cut to 4.8% from 5% previously on weakness in the real estate sector and low consumer confidence, with the 2025 forecast maintained at 4.5%….

“The risks are building up to the downside, and there is a growing uncertainty in the global economy,” Chief Economist Pierre-Olivier Gourinchas said in a briefing. “There is geopolitical risk, with the potential for escalation of regional conflicts,” that could affect commodity markets, he said. “There is a rise of protectionism, protectionist policies, disruptions in trade that could also affect global activity.”

Bloomberg also notes that while the IMF forecast doesn’t explicitly mention the US election, the November 5 main event looms over annual meetings that will see finance ministers and central bankers from almost 200 nations gather at the IMF and World Bank headquarters in Washington, just three blocks from the White House. Bloomberg recently found that Donald Trump’s vow to impose 60% tariffs on imports from China and 10% duties on those from the rest of the world would likely spur inflation and pressure the Federal Reserve to raise interest rates. The analysis also completely ignored that Trump may simply be using the threat of tariffs as a negotiating tactic meant to spark more beneficial terms of trade.

The global growth forecast comes one week after the IMF flagged its mounting concern about global public debt, which is expects to reach $100 trillion, or 93% of world gross domestic product, by the end of this year. The surge is driven by the US and China, of course….

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The United States has a perfect opportunity to lead the world out of this debt-driven black hole…

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 (21752 downloads )

Leviticus 25 Plan – what is the justification for allowing U.S. citizens access to Federal Reserve liquidity extensions (or, via liquidity extensions that flow from the Fed to the U.S. Treasury Department, and then directly on to qualifying U.S. citizens) ? 

First, a review of key precipitating events’ leading into the 2007 financial crisis… 

During the peak of the housing boom, mortgage brokers were pumping the red-hot housing market for all it was worth. Major financial institutions entered the game, purchasing massive amounts of mortgage ‘paper,’ which they repackaged into tranches which were then securitized as Mortgage Backed Securities (MBS)  –  and peddled as high-grade income-producing investment vehicles.

Financial heavyweights like Morgan Stanley, Merrill Lynch, Goldman Sachs and many others jumped into the game. They purchased ‘insurance’ to hedge their risks in the event that the underlying value of their warehoused mortgage paper suddenly evaporated… and to maintain ‘capital adequacy’ requirements.

The ‘insurance,’ in the form of Credit Default Swaps (CDS), was purchased primarily from triple-A rated AIG. And, thanks to some nifty deregulation orchestrated by Treasury Chief Robert Rubin, AIG was not required to carry any meaningful level of reserves to back their Credit Default Swap business – to pay their counterparties if the Mortgage Backed Securities market… ‘went south.’

It did just that, and the rest is history.  Housing tanked. MBS’ tanked. And AIG had no reserves with which to pay Goldman and others.  Had normal bankruptcy proceedings prevailed, Goldman Sachs would likely have received just pennies on the dollar in settlement – for placing a huge ‘blind bet’ on an investment that had no reserves backing it up.

But – the U.S. Government stepped in and arbitrated a settlement of 100 cents on the dollar, amounting to a direct cash transfusion of a cool $12.9 trillion – from the U.S. taxpayer – to Goldman Sachs.

And then the real ‘fun’ began.  The investment banking heavyweights, Goldman Sachs and J.P. Morgan, were ‘fast-tracked’ for “federal bank charters.’  Their newly acquired status as commercial banks allowed them to joined in with “Bank of America, Citigroup, J.P. Morgan Chase and other banking titans who could go to the Fed and borrow massive amounts of money” at near-zero percent interest.

“The ability to go to the Fed and borrow big at next to no interest was what saved Goldman, Morgan Stanley and other banks from death in the fall of 2008.  “They had no other way to raise capital at that moment, meaning they were on the brink of insolvency,” says Nomi Prins, a former managing director at Goldman Sachs.

“The Fed was the only shot.”

“In fact, the Fed became not just a source of emergency borrowing that enabled Goldman and Morgan Stanley to stave off disaster — it became a source of long-term guaranteed income. Borrowing at zero percent interest, banks like Goldman now had virtually infinite ways to make money. In one of the most common maneuvers, they simply took the money they borrowed from the government at zero percent and lent it back to the government by buying Treasury bills that paid interest of three or four percent. It was basically a license to print money — no different than attaching an ATM to the side of the Federal Reserve.”

“You’re borrowing at zero, putting it out there at two or three percent, with hundreds of billions of dollars — man, you can make a lot of money that way,” says the manager of one prominent hedge fund. “It’s free money.”  (Source:  Wall Street’s Bail out Hustle – Matt Taibbi,  2-17-10).

And therein lies the primary justification for the Leviticus 25 Plan.  If the Federal Reserve can bail out the very financial entities that precipitated the financial crisis with their leveraged speculation gambling binge, then they can help restore financial health to American families, also.

U.S. citizens deserve nothing less than to be granted the same direct access to the Federal Reserve / U.S. Treasury liquidity extensions that was previously provided, on the most generous of terms, to the likes of Morgan Stanley, Citigroup, Bank of America, Goldman Sachs, JP Morgan, State Street, Merrill Lynch, Lehman, AIG, Deutsche Bank, UBS, Barclays, RBS, BNP Paribas… and numerous others. 

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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 2025 (21510 downloads )

U.S. citizens deserve nothing less than to be granted the same direct access to the Federal Reserve liquidity extensions that was provided to the likes of Morgan Stanley, Goldman Sachs, JP Morgan, Citigroup, Bank of America, State Street, Merrill Lynch, Lehman, AIG, Deutsche Bank, Barclays, UBS, RBS, BNP Paribas…and many others. 

If not directly from the Federal Reserve, then the liquidity extensions could flow through the U.S. Treasury Department, and then directly on to U.S. citizens.

Justification:
1. 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.

One example of the mechanics of these backstop commitments involved two of the major investment-banks which were at the forefront of the U.S. financial crisis, Goldman Sachs and JP Morgan who, through their high-risk exposure to subprime debt and derivatives, received enormous financial assistance at the expense of U.S. taxpayers.

Goldman Sachs and J.P. Morgan received these direct liquidity infusions during the financial crisis via Fed disbursements through the Primary Dealer Credit Facility and numerous other credit facilities. The two (according to ZeroHedge 4-1-11) “had the temerity to pledge bonds that had defaulted (i.e. had a rating of D)… as in bankrupt, and pretty much worthless. . . that have no value whatsoever. . .” Goldman Sachs received $24.7 million and JP Morgan $1.4 million on the worthless collateral (September 15, 2008).

Goldman Sachs pledged D-rated securities again September 29, 2008 and received $82.7 million (Citigroup received $102.8 million; Merrill Lynch – $217.8 million; Morgan Stanley – $261.0 million; UBS – $202.2 million).

U.S. citizens deserve nothing less than the same access to credit extensions for resolving liquidity issues of their own at the family level, that have been extended to major domestic and foreign financial institutions.

In addition, the same two investment banking giants, Goldman Sachs and JP Morgan, earned free interest (again at taxpayer expense) through their access to credit extensions at the Federal Reserve discount window. Within two years, Goldman Sachs was paying out $111.3 million in “delayed bonuses” for the years 2007 and 2009 (NY Times 12-15-10).

2. The initial credit extension outlay with The Leviticus 25 Plan ($18.0 trillion – assuming an 80% participation rate by U.S. citizens) would hardly be prohibitive, in light of the trillions of dollars in Federal Reserve and Treasury outlays over the past 5 years to major U.S. banking and financial institutions (Morgan Stanley, Citigroup, Bank of America, State Street Corp, Goldman Sachs, Merrill Lynch, JPMorgan Chase, Wachovia, Lehman Brothers, Wells Fargo, Bear Stearns) and major foreign financial institutions (Royal Bank of Scotland, UGS AG, Deutsche Bank AG, Barclays, Credit Suisse. Dexia, BNP Paribas).

The Federal Reserve’s various credit facilities, Discount Window transactions, emergency loans, Foreign Exchange swap lines, Interest on Excess Reserves (IOER) for foreign banks, and Treasury’s TARP and stimulus programs have done little to improve the financial status for the majority of American families. These government programs have also done nothing to change the dominance and risk profile of “too big to fail banks,” and they have done little to lessen the counterparty default risk in the global derivatives markets.

3. U.S. taxpayer dollars have been used to support the IMF bail-out of Greece. The U.S. funded at least $780 million (17.09%) of the July $4.6 billion IMF transfer to Greece (purportedly funding interest payments to hedge funds which had speculated in purchasing the high-risk Greek debt).

U.S. taxpayers also funded approximately $2.9 trillion of a massive 2014 IMF loan to Ukraine to help Kiev pay off creditors including Western banks, Gazprom (the big Russian oil company), and previous IMF loan payment obligations).

The U.S. Treasury Department followed that up by guaranteeing a $1 billion Ukrainian bond issuance.

If U.S. taxpayer funds are being used to bail out the citizens of bankrupt foreign nations, then U.S. citizens deserve equal access to their own money to resolve liquidity issues at the family level.

4. The U.S. government will be piling on trillions of dollars of additional debt over the next eight years – which will compound financial stress issues for American families for decades to come.

The U.S. Government budget deficit for FY2020 came in at $3.311 trillion, according to the CBO’s Budget and Economic Outlook: 2019-2030. Their Baseline Budget Projection forecasts that the U.S. will add a series of deficits totaling approximately $12.987 trillion for the period 2021-2030.  The CBO uses what is termed a ‘rosy scenario’ forecast, so that total is likely to be considerably higher.

This growing national debt burden will prove to be a significant drag on economic growth, and it will not generate meaningful, broad-based liquidity benefits for American families. The U.S. Government will be forced into monetary and fiscal policies which will continue the gradual, and eventually fatal, erosion in the purchasing power of the U.S. Dollar.

U.S. citizens must be provided with direct liquidity access through a Citizens Credit Facility, in order to reduce/eliminate debt at the family level and off-set the potentially devastating consequences of a future major fiat currency ‘reset.’

The Leviticus 25 Plan’s one-time credit extension of approximately $21.6 trillion to U.S. citizens’ Family Accounts and Medical Savings Accounts would set America on a new course. It would provide immediate and substantial liquidity benefits to American families. It would strengthen small businesses and reignite true economic growth in the U.S. economy.

The Plan would also stabilize the U.S. Dollar and strengthen the nation’s banking system.

5. There is a Biblical precedent for The Leviticus 25 Plan.
The Leviticus 25 Plan is justified upon the basis of its profound historical correlations with the Biblical year of the “Jubile” (The Book of Leviticus, Chapter 25). This Year was established by God to free Israelites from economic indebtedness and oppression. It provided individuals and families a fresh start, with economic liberties and a societal rebalancing to counter permanent and restrictive class structures.

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The Leviticus 25 Plan – An Economic Acceleration Plan for America

$90,000 per U.S. citizen – Leviticus 25 Plan 2025 (21510 downloads

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 August Friedrich von Hayek, Nobel Memorial Prize, Economic Sciences (1974)

Quotes:

“There is all the difference in the world between treating people equally and attempting to make them equal.” 

“Through the inevitable mismanagement of resources and goods at the disposal of the state, all forms of collectivism lead eventually to tyranny.”

“Social justice rests on the hate towards those that enjoy a comfortable position, namely, upon envy.”

“Few are ready to recognize that the rise of fascism and Nazism was not a reaction against the socialist trends of the preceding period but a necessary outcome of those tendencies.”

F.A Hayek, The Road to Serfdom — The End of Truth: 

“…even the striving for equality by means of a directed economy can result only in an officially enforced inequality—an authoritarian determination of the status of each individual in the new hierarchical order—and that most of the humanitarian elements of our morals, the respect for human life, for the weak, and for the individual generally, will disappear….

The moral consequences of totalitarian propaganda which we must now consider are, however, of an even more profound kind. They are destructive of all morals because they undermine one of the foundations of all morals: the sense of and the respect for truth.”