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

_____________________________________________

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...

…………………………………

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.”

………………………….

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

_______________________________________

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.

………………………………………….

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.

…………………………………

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.
……………………………………………..
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
___________________________________

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.”

____________________________________________

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

…………………………………………………………………………………

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  

_________________________________________________

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

_____________________________

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)

___________________________________

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)

The system is ’tilted’ – with the Fed’s ongoing free money flow access by major banks.

Banks get ‘free money’… and U.S. citizens get to remain their bond servants with heavy debt burdens and debt service obligations.  The U.S. economy remains stagnant. Government debt continues to pile higher. Economic liberty and dynamic free market initiatives remain on the sidelines.

It is now time to ‘level’ that playing field.

……………………………………………………………….

More Free Money For Banks: St Louis Fed Discloses ‘A Carry Trade In Liquidity’

Authored by Mike Shedlock via MishTalk,

ZeroHedge, Oct 16, 2018 – Excerpts:

Not only do banks earn free money on excess reserves, they can borrow money and make guaranteed free money on that.

The Federal Reserve Bank of St. Louis discusses the Carry Trade in Liquidity.

The IOER [interest on excess reserves] has been the effective ceiling of other short-term interest rates. The figure above compares the IOER with overnight rates on deposits and repos.

As we can see, the IOER has mostly remained above these two rates, implying that (at least some) banks have been able to borrow funds overnight, deposit them at the Fed and earn a spread, in essence engaging in carry trade in liquidity markets.

Interest Rate on Excess Reserves

How Much Free Money?

________________________________________________________

The Leviticus 25 Plan provides the same liquidity access for U.S. citizens that the Fed provided, during the financial crisis, and continues to provide to major U.S. and foreign banks.

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 (3000 downloads)

Populist solutions for serious, mainstream issues of an era are known to take root and blossom when public policies have shifted dramatically in favor of government control over people’s lives, and unabashedly favor wealthy, politically-connected individuals and groups.

Populist fervor thrives when public policies have so distorted the economic and social landscapes that trust in government is lost.

William A. Galston (WSJ – Dec 16, 2014) offered this summarization of the hallmarks of grassroots populist wave:
Populist movements flourish when established leaders and parties fail to solve their countries’ most urgent problems. Throughout the market democracies, one problem dominates all others: the economic squeeze on working- and middle-class families. Neither the center-left nor the center-right has responded in ways that make sense to rank-and-file citizens. So they are looking elsewhere.

Populism offers many satisfactions. Its narrative is clear and easy to understand. It identifies villains—corrupt officials, unresponsive bureaucracies, arrogant elites, large corporations, giant banks…

It legitimizes outrage, the expression of which is one of the greatest human pleasures. It flatters the people, whose virtue and common sense, it claims, could set the country right if only rich and powerful forces didn’t stand in their way. “The humblest citizen in all the land,” declaimed William Jennings Bryan more than a century ago, “when clad in the armor of a righteous cause, is stronger than all the whole hosts of error that they”—the elites—“can bring.”

Populism is the politics of nostalgia. It appeals to a better time in the past….
The ills against which populists inveigh are rarely illusory. On the contrary: Populism typically gives voice to genuine grievances, and in so doing gains credibility and energy.

At the heart of the American dream is the promise of opportunity. But in the ABC/Washington Post survey conducted days before the 2014 midterm elections, 71% of Americans said the U.S. economic system generally favors the wealthy. Only 24% disagreed. The favors-the-wealthy supermajority included 54% of Republicans, 59% of conservatives, 64% of college graduates—and even 57% of those making more than $100,000 per year.
_________________________________

Government leaders in America today have failed to properly diagnose and respond to our nation’s most urgent problems,” both social and economic. The same can be said for the governments of many other nations around the world.

Governments have not “responded in ways that make sense to rank-and-file citizens.”

The Leviticus 25 Plan appeals to “virtue and common sense….its narrative is clear and easy to understand. It identifies villains – corrupt officials, unresponsive bureaucracies, arrogant elites, large corporations, giant banks…”

The Leviticus 25 Plan levels the playing field.  It grants individual citizens the same access to liquidity that was awarded to the likes of Morgan Stanley, Goldman Sachs, UBS, Bank of America, State Street, Barclays, GE Capital, Deutsche Bank, and many, many others during the financial crisis years of 2007-2010..

The Leviticus 25 Plan provides for massive debt relief and economic liberty at the family level. It unleashes the power of free-market dynamics and counters price and supply distortions that have emerged with government control over markets.

It generates massive new waves of government tax revenues – federal, state, and local – without raising taxes.

The Leviticus 25 Plan generates a trillion dollar surplus over each of the first five years – and pays for itself entirely over a 10-15 year period.

This is the only plan, anywhere, that restores order and cleans things 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

$75,000 per U.S. citizen  –  Leviticus 25 Plan 2018 (2990 downloads)