The United States of America is sinking deeper and deeper into a swirling cavern of debt.

Neither the U.S. Treasury Department, nor the Federal Reserve, nor the U.S. Congress has any plan to return Federal, State, and Local governments to a lasting state of solvency. They have economically viable, politically feasible plan to help restore financial security for American families.

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Federal Reserve Bank of St. Louis | All Sectors Total Debt: ~$61.461 Trillion

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USDebtClock.org | Dec 21, 2024

State Debt: $1.332 trillion

Local Debt: $2.502 trillion

U.S. National Debt: $36.254 trillion

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ZeroHedge Dec 21, 2024: Notice that the vast majority of Government spending is directly a function of the social welfare system and interest on the debt.”

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Total Household Debt: $17.94 Trillion | Federal Reserve Bank of New York, Q3 2024

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U.S. Corporate Debt has “climbed to approximately 25.6 trillion U.S. dollars. Of this latter total, 17.4 trillion U.S. dollars was debt issued by financial corporations.” Statista Jun 19, 2024

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Meet the Main Street America Republican ‘block-buster’ debt elimination plan with the raw power and economic viability to clean up Social Welfare and Interest on the Debt burdens.

And the raw power to: (1) Set Federal, State, and Local governments back on course for long-term budget surpluses; (2) Restore financial security for millions of American families through massive reductions in Household Debt; (3) Revitalize long-term economic growth and financial health for corporate America; (4) Reestablish free market dynamics and economic liberty for all Americans.

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 (23695 downloads )

“The record of history is absolutely crystal clear. There is no alternative way so far discovered of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by a free enterprise system.”  – Milton Friedman 1976 Nobel Memorial Prize in Economic Sciences

Washington politicians have no plan, and no clue on how to restore financial security for America’s hard-working, tax-paying U.S. citizens…

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Why More Middle Income Americans Are Struggling to Save Money

ZeroHedge, Dec 04, 2024  |  Authored by Autumn Spredemann via The Epoch Times,  –  Excerpts:

Reduced inflation and wage increases haven’t stemmed the economic struggles of middle-class Americans. In fact, some middle-income earners say it’s harder than ever to put money away in savings.

“It’s not just that middle-income families aren’t saving. They’re actively going into debt to stay afloat. The rise in buy-now-pay-later options for groceries and essentials shows just how precarious cash flow has become,”…

Paycheck to Paycheck

In October, Bank of America released a sobering study on American households living paycheck to paycheck. The results indicated the number of households barely making it between paychecks has increased across every income bracket since 2019, even those making more than $150,000 per year.

Middle-income earners in the $51,000 to $75,000 range had the largest increase between 2019 and 2024, after households with less than $50,000, in which a quarter or more live paycheck to paycheck.

Moving up the income spectrum showed similar results, with roughly a quarter of all households living in this manner. Almost half of all respondents perceive themselves as living paycheck to paycheck.

The study noted that these households have much higher necessity spending, adding that most of the expenses are “likely unavoidable, as they relate to family and housing costs.”

Zane said that groceries have become a “silent tax” on the middle class, but pointed at rising utility costs as another big factor.

“Utility costs—often neglected in mainstream discussions—have become a household budget breaker. For families living in regions with harsh winters or sweltering summers, energy bills consume a more considerable monthly income than ever,” he said.

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Main Street America Republicans have a powerful plan to get America out of debt, revitalize financial health for American families, and clean this mess up.

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 (22795 downloads )

Affordable, high quality childcare is a serious problem across America today, reaching all the way down to the smallest of communities.

Big government programs, featuring direct funding supplements and tax breaks, to address this problem will increase the role of state and federal governmental agencies over the daily affairs of citizens – and further bloat the already roaring ‘federal and state budget deficits.’

These big government childcare programs, furthermore, will do nothing to fundamentally change the landscape – and offer American families an upgrade in their quality of life.

The Leviticus 25 Plan is a comprehensive economic acceleration plan with the power to eliminate federal and state budget deficits, eliminate massive sums of household debt, and provide direct economic and social benefits, including childcare needs for all participating U.S. citizens.

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US Childcare Cost Higher Than In Other Developed Countries

ZeroHedge – Nov 10, 2024

U.S. childcare costs surpass those in all other OECD countries when taking into account single parents and couples earning average wage.

The price tag for having two children minded while working full-time is also significantly higher in the U.S. than in most other developed countries that are part of the organization.

Only Switzerland, the United Kingdom and New Zealand come even close to the high price parents have to shoulder for childcare in the United States.

You will find more infographics at Statista

As Statista’s Katharina Buchholz details below, according to 2022 data from the OECD, U.S. couples who both earn average wage in full-time jobs and have two young children need to spend 20 percent of their disposable household income on childcare.

For singles on average wage, this rises to 37 percent.

In most countries, single parents pay less as they receive a more favorable rate.

In Switzerland, the most expensive OECD country after the United States, couples with two children spent a whopping 32 percent of their disposable income on childcare if working full-time and earning average wage. For singles, this was lowered to 18 percent, however. In the U.S. and Switzerland alike, childcare is dominated by the private sector and does not receive substantial amounts of regulation or subsidies, leading to high market rates. 

Treasury Secretary Janet Yellen has called this state of childcare in the U.S. a “broken market”.

Many Anglophone nations, also including Ireland, New Zealand and Australia struggle with high private market rates for childcare, low subsidies or a combination of the two.

In 2022, Canadian couples working full-time for average wage still needed to shell out 19 percent of disposable income, but the government has since made changes. Like in Canada, many English-speaking nations began to regulate and subsidize their childcare markets much later than elsewhere, leading to them lagging behind in affordability despite the topic of childcare becoming ever more important in the face of demographic change. Outside of Anglophone OECD countries, couples paid the most for childcare in relative terms in the Netherlands – another place dominated by private childcare – at 19 percent of disposable income. Singles paid the most in the Czech Republic at 18 percent.

In many European countries, parents paid substantially less, often just a couple of percent of their disposable incomes, as childcare centers are either run as a public service or private providers are heavily subsidized and regulated. In France, parents who work full-time and earn average wage spent between 6 percent and 10 pecent, while this number was even lower in South Korea, other German-speaking, Scandinavian and Baltic countries. In Germany, rates were as low as 1 percent of disposable income as all parents receive childcare vouchers depending on work time to be redeemed at private or public institutions.

Working parents pay a small fee on top if they receive more than the standard five care hours. Free childcare was provided in OECD countries Italy and Latvia as well as in associated nations Bulgaria and Malta. Single parents also paid no fees in Greece and were substantially unburdened in Canada, under rent subsidies in the United Kingdom and under social assistance benefits in Japan, if they qualified for those.

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The Leviticus 25 Plan has the power to ‘de-stress’ the average American family by granting direct liquidity benefits to resolve the childcare crisis in the U.S. today.

Participating families will be able to reduce/eliminate mortgage payments, credit card bills, car payments, installment debt — and re-balance their family finances in profoundly positive ways.

Millions of mothers who dream of staying at home and being ‘full time moms’ for their children would see that option become an instant reality. The same would apply to dads, where that option happened to be a better fit for their families.

In situations where both parents might wish to remain in the workforce and continue on with childcare, they would have more than adequate funding to cover childcare 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 2025 (22215 downloads )

Again – Neither the U.S. Department of the Treasury, nor the Federal Reserve, nor the U.S. Congress have any logistically feasible, politically viable plan whatsoever to turn this snowballing debt monstrosity around — and restore fiscal order and financial security for U.S. citizens and small businesses in America.

Main Street America Republicans do have a plan.

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NY Fed – All Sectors Debt Sep 24, 2024

$105.34 Trillion

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Statista: Economy & Politics | Politics & Government

U.S. monthly interest rate on interest-bearing debt 2019-2024

Published by Statista Research Department, Nov 20, 2024

As of October 2024, the United States government has a monthly interest rate of 3.3 percent on its debt, continuing an upward trend in interest rates that began at the beginning of 2022. In April 2024, U.S. debt reached 34.62 trillion U.S. dollars.

Average monthly interest rates on the United States Total interest-bearing debt from October 2018 to October 2024

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Investopedia – Sep 13, 2024: The U.S. government is on track to spend more than $1 trillion on interest payments this year, surpassing military spending for the first time in history.

Interest payments on the national debt (held by the public in the form of Treasury securities) will cost the government $1.2 trillion in the government’s fiscal year ending in October, the Treasury Department said in a monthly report on the budget.1 Net interest outlays are the third costliest item in the budget behind Social Security and Medicare benefits.

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The Main Street America Republican plan will: (1) Generate federal and state annual budget surpluses each of its first five years of activation; (2) Pay for itself entirely over the succeeding 10-15 years; (3) Eliminate/pay-off massive amounts of Household debt and Business debt; (4) Rejuvenate long-term economic growth; (5) Provide long-term strength and stability for the U.S. Dollar; (6) Restore financial security for millions of American families; (7) Restore free market dynamics and economic liberty in America.

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 (22209 downloads )

Answer:  $23.7 trillion

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A look back…

Neil Barofsky, the Special Inspector General of the Troubled Asset Relief Program filed an official SIG TARP report in July 2009 projecting the government’s “Total Potential Support Related to Crisis” at an astounding $23.7 trillion.

Barofsky’s report was immediately criticized as being misleading in its characterizations, prompting him to respond on May 12, 2014 to one of the chief critics, Tim Geithner, who was Secretary of the Treasury during the crisis years.

The SIG TARP report did not say that the government might “lose” $23.7 trillion, as critics claimed.

Barofsky: “What the report actually ascribes to that number (at page 138) is the “Total Potential Support Related To Crisis” (and not potential losses) of the myriad pledges of support to the financial system from an alphabet soup of agencies and programs. The numbers underlying that estimate, of course, were provided to us by Treasury and other governmental agencies, the report was vetted with Treasury before it was issued, and the report makes clear in a series of caveats that it was not an estimate of actual potential losses.

Again, the U.S. government’s “Total Potential Support Related to the Crisis” weighed in at an astounding $23.7 trillion.

The effects of that “support” for main street America were marginal, with the best of it short-lived.
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The Leviticus 25 Plan features a Citizens Credit Facility – to serve as the conduit, from the Fed through the U.S. Department of the Treasury, for direct liquidity access by U.S. citizens – the same direct of access that was granted to Wall Street financial heavyweights during the crisis.

The Leviticus 25 Plan will provide for massive ‘ground level’ debt elimination and restore financial health for millions of American families. Money would still flow into the banking system – after first passing through the hands of U.S. citizens and the millions of small businesses in main street America.

The Leviticus 25 Plan would re-ignite powerful, long-term economic growth and put America on track for substantial budget surpluses. It would drastically scale back government control over the daily affairs of citizens. It would restore basic social freedoms and economic liberty for all.

Question:  What would be the U.S. government’s “Total Potential Support Related to The Leviticus 25 Plan?”

Answer: $21.6 trillion – all of which would get ‘repaid’ to the government over a 10-15 year period.

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.

It is time for an economic recovery plan that grants access to liquidity for all Americans, not just Wall Street and the wealthy ‘elite.’

Loaded up and ready to launch: The Leviticus 25 Plan 2025.

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Global Banks 2008: “We need a transfusion.” And $23.7 trillion later, the Fed said: “Tell Us When to Stop.”

And transfuse they did.

The U.S. Treasury turned the spigot into the ‘flow’ position with the Troubled Asset Relief Program (TARP).

And the Fed followed up by turning the spigot into the ‘gusher’ position with their emergency lending, discount window lending, and their QE-based purchases of cesspool-grade MBS and agency debt from various global lending institutions.

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Notes on the liquidity transfusions:
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).

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).

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U.S. citizens deserve nothing less than to be grated the same direct access to credit extensions for resolving liquidity issues of their own at the family level, than those that were so graciously provided by the Fed to major domestic and foreign financial institutions.

The initial credit extension outlay with The Leviticus 25 Plan ($21.6 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.

The time is now to rebalance the financial dynamics of America – and grant U.S. citizens the same direct access to liquidity that was provided to Wall Street’s financial sector.

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$90,000 per U.S. citizen – Leviticus 25 Plan 2025 (22182 downloads )

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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. 

__________________________________

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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