A short trip down memory lane, courtesy of Bloomberg – 2014, brings to light more of the Fed’s creative thinking and programmatic ‘liquidity free-wheeling’ during the great financial crisis.

The nation of Libya, officially christened, the “Great Socialist People’s Libyan Arab Jamahirya” (March 2, 1977), received generous liquidity transfusions from the U.S. Federal Reserve during the 2007-2010 financial crisis.

This is the same Libya whose intelligence service and Libyan embassy planned the 1986 bombing of the West Berlin nightclub, LaBelle, targeting U.S. servicemen (2 killed and dozens injured).

And this is the same Libya that was involved in the tragic Lockerbie airline terror bombing on December 21, 1988, that brought down Pan Am Flight 103 over Lockerbie, Scotland, killing 283 passengers and 16 crew members. A 3-year investigation pinpointed Libyan involvement. Libya later took responsibility (but did not admit ‘guilt’) and paid reparations to families, in order to get relief from ‘sanctions.’

And now…April 1, 2011 (Bloomberg)                                                                               Libya-Owned Arab Banking Corp. Drew at Least $5 Billion From Fed in Crisis  Excerpts:

Arab Banking Corp., the lender part-owned by the Central Bank of Libya, used a New York branch to get 73 loans from the U.S. Federal Reserve in the 18 months after Lehman Brothers Holdings Inc. collapsed.

The bank, then 29 percent-owned by the Libyan state, had aggregate borrowings in that period of $35 billion — while the largest single loan amount outstanding was $1.2 billion in July 2009, according to Fed data released yesterday. In October 2008, when lending to financial institutions by the central bank’s so-called discount window peaked at $111 billion, Arab Banking took repeated loans totaling more than $2 billion.

Fed officials say all the discount window loans made during the worst financial crisis since the 1930s have been repaid with interest.

The U.S. government has frozen assets linked to the regime of Libyan ruler Muammar Qaddafi and engaged in air strikes against his military forces, which are battling a rebel uprising in the North African country. Arab Banking got an exemption that allows the firm to continue operating while barring it from engaging in any transactions with the Libyan government, according to the U.S. Treasury Department.

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This brief history lesson provides an important liquidity perspective on ‘fair play’…

U.S. citizens deserve nothing less than the same access to liquidity that was granted to the Arab National Bank Corp., along with scores of other domestic and foreign banks, at the height of the financial crisis – to help them along in their ‘time of need.’

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$75,000 per U.S. citizen – Leviticus 25 Plan 2018 (3130 downloads)

“Freedom to order our own conduct in the sphere where material circumstances force a choice upon us, and responsibility for the arrangement of our own life according to our own conscience, is the air in which alone moral sense grows and in which moral values are daily recreated in the free decision of the individual. Responsibility, not to a superior, but to one’s own conscience, the awareness of a duty not exacted by compulsion, the necessity to decide which of the things one values are to be sacrificed to others, and to bear the consequences of one’s own decision, are the very essence of any morals which deserve the name.”   – Friedrich A. von Hayek, The Road to Serfdom

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When government gains control of the material circumstances which must order the very lives of its citizens, the moral sense of a nation is sacrificed.

It is time to return the control of material circumstances back to the people, advancing the free expression of moral values, recreated daily in the free decisions of individual citizens to order their daily lives in accordance with their own consciences.

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

$75,000 per U.S. citizen – Leviticus 25 Plan 2018 (3113 downloads)

Summer, 2011: A look back in history…

The International Monetary Fund (IMF) disbursed $780 million in a bailout package to Greece in July 2011. They funded a second large bailout package of $36.7 billion in March 2012 (Reuters, 3-15-12).

IMF receives somewhere between 17.07% to 21% of its budget courtesy of the U.S. government.  Make that “U.S. taxpayers.”

A new report, hot off the presses, sheds additional light on exactly where a healthy share of that money went (ZeroHedge 03/04/2015):                                                          

IMF Director Admits: Greek Bailout Was “To Save German & French Banks”
The IMF has admitted that the various Greek bailouts were not for The Greeks at all…

“They gave money to save German and French banks, not Greece,” Paolo Batista, one of the Executive Directors of International Monetary Fund told Greek private Alpha TV on Tuesday.   Source: Keep Talking Greece

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If the U.S. Government can transfuse the IMF with U.S. taxpayer dollars to bailout German and French banks for their Greek debt gambling binge… then the U.S. Government can direct the Federal Reserve, right now, to activate a U.S. citizens credit facility to grant U.S. citizens the same direct access to liquidity that major foreign and domestic banks received during the Great Financial Crisis.

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$75,000 per U.S. citizen – Leviticus 25 Plan 2018 (3096 downloads)

BNP Paribas is the largest bank in the Eurozone and 10th largest bank worldwide. The French bank is headquartered in Paris, with global headquarters in London.  It owns subsidiaries all over the world, including BankWest in the U.S..

BNP was a major recipient of U.S taxpayer funds courtesy of the Federal Reserve and U.S. Treasury Department during the financial crisis years – to help restore them to ‘financial health.’ BNP has been involved in some distinctly ‘shady’ (and blatantly illegal) schemes in the past. They have recently ‘rolled the dice’ on an $80 million derivatives trade – and came up empty…

ZeroHedge (Feb 6, 2019): BNP lost $80 million in S&P500-linked derivative trades around Christmas; the massive trading loss emerged after Antoine Lours, BNP’s head of US index trading, put on positions on the S&P 500 which then quickly started losing money.

“BNP Paribas escaped the 2007–09 credit crisis relatively unscathed reporting a €3 billion net profit for the year of 2008, and €5.8 billion for 2009.” (Source: Wikipedia)

Thanks in no small part to U.S. taxpayers…

Background – Exhibit A:

Zero Hedge  Feb 13, 2014:  US Taxpayer “Bailed Out” BNP Paribas Probed By DoJ & Fed

“TARP Recipient BNP Paribas got $4.9bn of bailouts from the U.S. Taxpayer – Today, as the WSJ reports we learn BNP Paribas has been funding transactions in Iran, Syria and other countries subject to U.S. Sanctions since 2002. The bank set aside $1.1 billion to settle investigations by the Department of Justice and the Federal Reserve but as the NY Times reports, investigations are playing out on multiple fronts – centering on whether the firm did “a significant amount” of business in “blacklisted” countires (and routed the deals through the US financial system).”

Via WSJ,  –  “…an internal probe conducted over the past few years “a significant volume of transactions” between 2002 and 2009 that could be “considered impermissible under U.S. laws and regulations...” “involving entities that were doing business in U.S.-sanctioned countries, such as Iran, Cuba, Sudan and Libya during the 2002 to 2009 period.

“BNP Paribas SA on Thursday became the latest bank to disclose the extent of its litigation problems in the U.S., saying it has set aside $1.1 billion against potential penalties related to transactions in countries under sanctions...

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Background – Exhibit B:                    

BNP Paribas Sued by US Over Banker’s Alleged Role in Fraud 

Oct. 19, 2011 (Bloomberg) — “BNP Paribas SA was sued by the U.S. over allegations the Paris-based bank aided a grain export fraud scheme involving commodity payment guarantees provided by the Department of Agriculture.

A corporate banker in BNP’s Houston office allegedly helped a scheme that defrauded the Agriculture Department of at least $78 million through deals he made with four U.S. grain exporters, according to a complaint filed yesterday in federal court in Houston.”

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Bloomberg  Nov 28, 2011  –  #18 recipient of Fed’s “secret liquidity lifelines”“The credit crisis accelerated after BNP Paribas SA, France’s biggest bank, announced in August 2007 that it would halt withdrawals from three funds because mortgage-market turmoil “made it impossible” to value certain assets. BNP began taking Federal Reserve loans in December 2007 when the Term Auction Facility opened. By April 2008, its Fed debt reached $29.3 billion. In 2009, BNP became the euro region’s largest bank by deposits, purchasing Brussels-based Fortis’s units in Belgium and Luxembourg for 10.4 billion euros ($15.2 billion). It issued 5.1 billion euros of preference shares to the French government in March 2009, and reimbursed the state by October. In December 2010, when the Fed disclosed the loans, BNP said it used the TAF “to assist in recycling and facilitating liquidity.”

Peak Amount of Debt on 4/18/2008:  $29.3B

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BNP Paribas received $4.9 billion in TARP funds from the U.S., and they went on to rake in a tidy $29.3 billion credit extension from the Fed via the Term Auction Facility… “to assist in recycling and facilitating liquidity.”

They were meanwhile funding significant transactions (Bloomberg) “involving entities that were doing business in U.S.-sanctioned countries, such as Iran, Cuba, Sudan and Libya during the 2002 to 2009 period.”  And they ran a “grain export fraud scheme” which ‘cooked’ the U.S. Department of Agriculture for a cool $78 million.

The $64,000 question:  If BNP Paribas is deserving of direct liquidity infusions from the U.S. government and the Fed, then would it not be perfectly reasonable for U.S. citizens to also qualify for their own direct liquidity extensions “to assist in recycling and facilitating liquidity” at the family level.

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The Leviticus 25 Plan is the most powerful and dynamic economic acceleration plan in the world – delivering citizen-driven economic growth and citizen-centered healthcare.

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

$75.000 per U.S. citizen – Leviticus 25 Plan 2018 (3074 downloads)

The U.S. Federal Reserve ‘saved’ the day by creating various credit facilities for the express purpose of ‘transfusing’ these these banks and insurers with hundreds of billions of dollars in secret ’emergency loans.’

The Fall of 2008 marked the beginning of what would be a long slide in the value of the U.S. Dollar vs. hard assets as the Fed initiated various forms of direct (and indirect) debt monetization and emergency loans – much of it directed at the very same Wall Street financial institutions (both U.S. and foreign) that had precipitated the crisis.

Excerpts from “The Quiet Coup,” by Simon Johnson, The Atlantic May 2009

“In its depth and suddenness, the U.S. economic and financial crisis is shockingly reminiscent of moments we have recently seen in emerging markets (and only in emerging markets): South Korea (1997), Malaysia (1998), Russia and Argentina (time and again). In each of those cases, global investors, afraid that the country or its financial sector wouldn’t be able to pay off mountainous debt, suddenly stopped lending. And in each case, that fear became self-fulfilling, as banks that couldn’t roll over their debt did, in fact, become unable to pay. This is precisely what drove Lehman Brothers into bankruptcy on September 15 [2008], causing all sources of funding to the U.S. financial sector to dry up overnight. Just as in emerging-market crises, the weakness in the banking system has quickly rippled out into the rest of the economy, causing a severe economic contraction and hardship for millions of people.

But there’s a deeper and more disturbing similarity: elite business interests—financiers, in the case of the U.S.—played a central role in creating the crisis, making ever-larger gambles, with the implicit backing of the government, until the inevitable collapse. More alarming, they are now using their influence to prevent precisely the sorts of reforms that are needed, and fast, to pull the economy out of its nosedive. The government seems helpless, or unwilling, to act against them.

Of course, this was mostly an illusion. Regulators, legislators, and academics almost all assumed that the managers of these banks knew what they were doing. In retrospect, they didn’t. AIG’s Financial Products division, for instance, made $2.5 billion in pretax profits in 2005, largely by selling underpriced insurance on complex, poorly understood securities. Often described as “picking up nickels in front of a steamroller,” this strategy is profitable in ordinary years, and catastrophic in bad ones. As of last fall [2008], AIG had outstanding insurance on more than $400 billion in securities. To date, the U.S. government, in an effort to rescue the company, has committed about $180 billion in investments and loans to cover losses that AIG’s sophisticated risk modeling had said were virtually impossible.

Stanley O’Neal, the CEO of Merrill Lynch, pushed his firm heavily into the mortgage-backed-securities market at its peak in 2005 and 2006; in October 2007, he acknowledged, “The bottom line is, we – I – got it wrong by being overexposed to subprime, and we suffered as a result of impaired liquidity in that market. No one is more disappointed than I am in that result.” O’Neal took home a $14 million bonus in 2006; in 2007, he walked away from Merrill with a severance package worth $162 million, although it is presumably worth much less today.

In October [2009], John Thain, Merrill Lynch’s final CEO, reportedly lobbied his board of directors for a bonus of $30 million or more, eventually reducing his demand to $10 million in December; he withdrew the request, under a firestorm of protest, only after it was leaked to The Wall Street Journal. Merrill Lynch as a whole was no better: it moved its bonus payments, $4 billion in total, forward to December, presumably to avoid the possibility that they would be reduced by Bank of America, which would own Merrill beginning on January 1. Wall Street paid out $18 billion in year-end bonuses last year [2008] to its New York City employees, after the government disbursed $243 billion in emergency assistance to the financial sector.

In a financial panic, the government must respond with both speed and overwhelming force. The root problem is uncertainty—in our case, uncertainty about whether the major banks have sufficient assets to cover their liabilities. Half measures combined with wishful thinking and a wait-and-see attitude cannot overcome this uncertainty. And the longer the response takes, the longer the uncertainty will stymie the flow of credit, sap consumer confidence, and cripple the economy—ultimately making the problem much harder to solve. Yet the principal characteristics of the government’s response to the financial crisis have been delay, lack of transparency, and an unwillingness to upset the financial sector.

…[TARP] money was used to recapitalize banks, buying shares in them on terms that were grossly favorable to the banks themselves. As the crisis has deepened and financial institutions have needed more help, the government has gotten more and more creative in figuring out ways to provide banks with subsidies that are too complex for the general public to understand….”

Full article:  http://www.theatlantic.com/magazine/archive/2009/05/the-quiet-coup/307364/

Simon Johnson, a professor at MIT’s Sloan School of Management, was the chief economist at the International Monetary Fund during 2007 and 2008. He blogs about the financial crisis at baselinescenario.com, along with James Kwak, who also contributed to this essay.

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The Leviticus 25 Plan is a dynamic economic acceleration plan that will level the playing field by granting U.S. citizens the same direct liquidity extensions from the Federal Reserve that were so generously provided to major U.S. and foreign banks during the financial crisis.

The Leviticus 25 Plan will effect massive debt reduction at the family level, re-ignite economic growth, and reduce the scope of government involvement in the daily affairs of U.S. citizens..

The time has arrived for the Federal Reserve, though a Citizens Credit Facility, to restore financial health and economic liberty for U.S. citizens and their families..

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$75,000 per U.S. citizen – Leviticus 25 Plan 2018 (3063 downloads)

A look back….

LIBOR, the London Interbank Offered Rate, is the average interest rate (estimate) that leading London banks would pay, at a given point in time, if they were to borrow money from other banks.

Some 16 major global banking operations are believed to have been involved in ‘rate-manipulation’ schemes that burned U.S. homeowners out of “billions of dollars” by consistently, artificially popping the LIBOR rate up on the first day of the month – the day when interest rates were reset for ARMs (adjustable rate mortgages).

Affected U.S. mortgage-holders were defrauded in the schemes.

LIBOR rate-rigging also cost municipalities across the U.S. billions 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 these schemes affected the value of ‘swap lines’ that were held by several dozen U.S. banks, that were tied to LIBOR rates.

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[d] 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… 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.
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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
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So here we had a situation whereby the very banks that had precipitated the global banking crisis, and then received billions of dollars in emergency lending through various credit facilities created by the U.S. Federal Reserve to help them regain their ‘financial health’ …… were, at the same time, defrauding American families, state municipalities, and other U.S. financial institutions.

American families deserve nothing less than to have their own ‘financial health’ restored through the same direct access to liquidity that these banks received, from U.S. taxpayers, during the 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

$75,000 per U.S. citizen – Leviticus 25 Plan 2018 (3061 downloads)

A look back…. Federal Reserve – in the gift-giving mood….

ZeroHedge Nov 2014 – Excerpts:

Federal Reserve Vice President Richard Fischer has been unequivocal about the broader effects of QE.

At the London School of Economics, March 2014,  Fischer explained the Fed’s QE wealth effect goals: “It was deliberate in that we were hoping to create a wealth effect.”

The “wealth effect” created by the Fed was anything but broadly based.

Fischer: “There was a more concentrated effect. And you see it in the kind of earnings that are announced by certain private equity groups and individuals and so on.” ….. “the distribution of the wealth effect was heavily concentrated.”Indeed.  Here are the illustrations of how heavily concentrated it has been –  in favor of the rich.”                                                                                                       

A steep drop in Mean Net Worth for the Bottom 50% from 2007 – 2013…

Thanks to QE, a modest dip for the “Top 5%” … and now rising…

Financial Asset grew nicely for the “top 5%” grew from 2007 – 2013.

They dropped for everyone else….

.Dallas Fed President Richard Fischer: “So that’s been one of my bigger disappointments.”

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You didn’t need to be so disappointed, Mr. Fischer.  Let’s just go ahead now and square things up…

Here’s how…

The Leviticus 25 Plan grants U.S. citizens the same direct access to liquidity extensions that you granted to major banks and insurers like Morgan Stanley, Citigroup, Bank of America, Goldman Sachs, State Street, Wells Fargo, AIG, Merrill Lynch, UBS, Barclays, BNP Paribas, Deutsche Bank, Royal Bank of Scotland… and many, many others.

The Leviticus 25 Plan will then massively reduce debt at the family level, re-ignite economic growth in America, generate massive, sustainable tax revenue growth (Federal, State, Local), and restore economic liberty.

And best of all, it will pay for itself over a 10-15 year period.

It’s time to get moving, Mr. Fischer:

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$75,000 per U.S. citizen – Leviticus 25 Plan 2018 (3059 downloads)

Zero Hedge – Headlines:

California’s New Governor Proposes Taxing Drinking Water

The new budget, titled ‘California for All’, declares drinking water a “fundamental right”… yet proposes to tax that “right”…  Jan 14, 2019

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Mayor de Blasio Says New York’s Wealth Is “In The Wrong Hands” And Should Be Redistributed

“Here’s the truth, brothers and sisters, there’s plenty of money in the world. Plenty of money in this city. It’s just in the wrong hands!”  Jan 12, 2019  

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America does not need to yield to such schemes of utter nonsense. It does, however, need a powerful, new economic acceleration plan – one that restores financial security for American families, revitalizes economic growth, scales back dependence on government and generates massive new tax revenue flows – and restores economic liberty for all Americans.

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$75,000 per U.S. citizen – Leviticus 25 Plan 2018 (3051 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.

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

$75,000 per U.S. citizen – Leviticus 25 Plan 2018 (3040 downloads)

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

The Morgan Stanley report went on to conclude, “In short, it is impossible for governments to grow their way back to solvency.”  All they can do is shuffle debt around, ostensibly for the benefit of powerful, politically connected  constituencies.

The U.S. Government and Federal Reserve fire-hosed trillions of dollars in liquidity transfers (TARP, emergency lending, stimulus programs, bailouts) to major global financial  institutions and politically-connected constituency groups during the great financial crisis (2007-2010).

In addition, the Federal Reserve purchased European debt – of all things.  They have provided trillions of dollars in credit extensions to many of the very domestic and foreign banks that triggered the banking crisis in the Fall of 2008.

One of the more ‘visible’ bailouts came courtesy of the  U.S. Government  on behalf of Goldman Sachs. Goldman had purchased credit default swaps (CDS) from AIG, but diid not perform due diligence to verify that AIG had adequate reserves to cover a potentially massive CDS payout.

They did not, and when the default wave tsunami hit, AIG turned their pockets inside out (no money).  The U.S. Government (that is to say, ‘taxpayers’) then stepped in to ‘cover’ the monumental Goldman bet that went sour:

“…according to the terms of the bailout deal struck when AIG was taken over by the state in September 2008,Goldman was paid 100 cents on the dollar on an additional $12.9 billion it was owed by AIG”

Read more: http://www.rollingstone.com/politics/news/wall-streets-bailout-hustle-20100217#ixzz21kDwPRyY

And on to the Federal Reserve ‘rescue’ initiatives…

Federal Reserve – credit extensions – allowing two major investment banks(Goldman Sachs and Morgan Stanley) to quickly receive commercial bank charters,allowing them to qualify for near-zero interest rate loans, with which to purchase Treasuries – and earn ‘free money.’  Lots of it.

Federal Reserve – Primary Dealer Credit Facility (PDCF) allowing major banks to pledge sub-investment grade collateral to qualify for additional near-zero interest rate loans – with which to purchase Treasuries and earn more‘free money.’

Federal Reserve – Temporary Liquidity Guarantee Program (TLGP) for the big money center banks… ‘worth trillions.’

Federal Reserve – Public Private Investment Program (PPIP) – allowing banks to ‘off-load’ worthless assets onto the Fed balance sheet.

Government-based ‘Central Planning’ did nothing to restore long-term economic viability for America and financial security for U.S. citizens and their families.

It is time now for a new initiative.

The Leviticus 25 Plan provides the comprehensive mechanism for American families to be granted the same direct access to liquidity that the Federal Reserve so generously provided to Wall Street’s financial sector during 2007-2010.

The Leviticus 25 Plan will pay for itself over a 10-15 year period through ‘recapture provisions’ and economic growth.  And the ‘ripple out’ effect will yield efficient benefits for government tax revenues, small business revenues, the labor market,housing… and even banks – in the long run.

No other plan will deliver such benefits and set America back on course for financial stability and economic liberty for American families.

The Leviticus 25 Plan – An Economic Acceleration Plan for America                             $75,000 per U.S. citizen  –   Leviticus 25 Plan 2018 (3022 downloads)