The Federal Reserve and U.S.Treasury Department ‘flushed’ hundreds of billions of dollars out through their big-big-bank-connected umbilical cord credit extension system during the height of the Great Financial Crisis.

The ‘biggest of the big’ made out well – and their insiders did even better.

_________________________________

“Secrets and Lies of the Bailout” –  RollingStone, Jan 4, 2013 

Goldman Sachs, which had made such a big show of being reluctant about accepting $10 billion in TARP money, was quick to cash in on the secret loans being offered by the Fed. By the end of 2008, Goldman had snarfed up $34 billion in federal loans – and it was paying an interest rate of as low as just 0.01 percent for the huge cash infusion. Yet that funding was never disclosed to shareholders or taxpayers, a fact Goldman confirms. “We did not disclose the amount of our participation in the two programs you identify,” says Goldman spokesman Michael Duvally.

Goldman CEO Blankfein later dismissed the importance of the loans, telling the Financial Crisis Inquiry Commission that the bank wasn’t “relying on those mechanisms.” But in his book, Bailout, Barofsky says that Paulson told him that he believed Morgan Stanley was “just days” from collapse before government intervention, while Bernanke later admitted that Goldman would have been the next to fall.

Meanwhile, at the same moment that leading banks were taking trillions in secret loans from the Fed, top officials at those firms were buying up stock in their companies, privy to insider info that was not available to the public at large. Stephen Friedman, a Goldman director who was also chairman of the New York Fed, bought more than $4 million of Goldman stock over a five-week period in December 2008 and January 2009 – years before the extent of the firm’s lifeline from the Fed was made public. Citigroup CEO Vikram Pandit bought nearly $7 million in Citi stock in November 2008, just as his firm was secretly taking out $99.5 billion in Fed loans. Jamie Dimon bought more than $11 million in Chase stock in early 2009, at a time when his firm was receiving as much as $60 billion in secret Fed loans. When asked by Rolling Stone, Chase could not point to any disclosure of the bank’s borrowing from the Fed until more than a year later, when Dimon wrote about it in a letter to shareholders in March 2010.

__________________________________

It is now time for ‘Part 2’ – granting the same direct liquidity access for U.S. citizens that was provided to major banks and insurers during 2007 – 2010.

What is good for Goldman Sachs, and JP Morgan, and Citi … is also good for U.S. citizens.

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$75,000 per U.S. citizen – Leviticus 25 Plan 2021 (3565 downloads)

General Electric Co., teetering on the brink of bankruptcy, has been laying off thousands of workers over the past year and shuttering manufacturing plants in the U.S. – this, despite the Fed’s $16.1 billion rescue package in the fall of 2008.

GE also has some interesting operational skeletons in its corporate closet…

GE Capital, along with several other very large, well-heeled fiduciary entities was charged and convicted in a major municipal bond bid-rigging scandal in 2012. GE Capital had been shaking down municipalities across America, and screwing the pants off hard-working U.S. citizens. On a large scale.

More from the trial… by Matt Taibbi, June 21, 2012                                                                 The Scam Wall Street Learned From the Mafia | Rolling…                                               

“The state’s first witness, confusingly, was a CDR broker named Doug Goldberg… Right off the bat, in fact, Doug Goldberg explained that while at CDR, he had routinely helped the cream of Wall Street rig bids on municipal bonds by letting them take a peek at other bids:
Q: Who were some of the providers you gave last looks to?
A: There was a whole host of them, but GE Capital, FSA, J.P. Morgan, Bank of America, Société Générale, Lehman Brothers, Bear. There were others.
[snip]                                                                                                                           Goldberg went on to testify that he repeatedly rigged auctions with the three defendants. Sometimes he gave them “last looks” so they could shave basis points off their winning bids; other times he asked them to intentionally submit losing offers – called cover bids – to allow other firms to win.                                                                                                  …… The broker went on to detail how he had worked with the GE executives to manipulate a number of auctions.
_________________________

And several short years earlier, U.S. taxpayers were helping bail GE Capital out of a financial hole, courtesy of generous Federal Reserve emergency lending initiatives.

Excerpts from Bloomberg report: Bloomberg  Nov 28, 2011 :
General Electric Co.’s GE Capital finance unit was the biggest U.S. issuer of commercial paper in 2008. GE, the world’s largest maker of jet engines and locomotives, turned to the Federal Reserve for emergency liquidity after the market for commercial paper — bonds with maturities of less than 270 days — froze in late 2008.

GE Capital, which had $91.8 billion of CP outstanding at the end of September 2008, borrowed from the Fed’s Commercial Paper Funding Facility from October 2008 through February 2009, with a balance as high as $16.1 billion, data show. Initially, a GE spokesman said the company borrowed from the program “to demonstrate our support for what the Fed is doing.” In December, GE Treasurer Kathryn Cassidy said the company was using the CPFF “primarily as a liquidity backstop.” 

Peak amount of debt on 11/21/2008:  $16.1B

____________________________

If the U.S. government and the Federal Reserve can firehose liquidity out to criminal municipal ‘bid-riggers’ like General Electric Co, in its time of need….

…then shouldn’t honest, hard-working U.S. citizens also be granted the same direct access to liquidity to restore financial health, across the board, at ‘ground level’ in America?

Answer: Yes they should.

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 2021 (3558 downloads)

According to the Congressional Research Service (CRS), the International Monetary Fund’s Total Resources amount to” $661 billion in quota; $693 billion of additional pledged or committed resources.” The U.S. Financial Commitment to that quota amounts to $115 billion, and $39 billion to supplemental funds.

In other words, U.S. taxpayers are funding about 17.46% of the IMF’s loans to their “Largest Borrowers:Argentina, Ukraine, Greece, and Egypt.”

U.S. taxpayers therefore funded about $9.8 billion of the IMF’s $56 billion loan to economic basket case Argentina in 2018. That money is now, as they say, “down the drain.”

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Two Years After Handing It The Biggest Ever Bailout Loan, IMF Finds Argentina Debt Levels Are “Unsustainable”

ZeroHedge, Feb 19, 2020 – Excerpts:

Back in the summer of 2018, when the IMF handed Argentina an unprecedented $56 billion bailout loan, the largest in IMF history, some warned that this is a case of deja vu similar to the 2001/2002 precedent when Argentina eventually defaulted on its foreign creditors, while humiliating the IMF which had signed off on Argentina’s economic policies that ended up in bankruptcy court. The IMF, however, was confident that this time would be different, and rushed – under now-ECB head Christine Lagarde – to hand to Argentina the greatest amount of money the IMF had ever disbursed to a struggling nation.

It turned out that this time wasn’t different, and after completing a week of meetings in Argentine, the IMF – which so generously handed out other people’s money to prop up the crumbling, corrupt Latin American nation less than two years aqo – finally threw in the towel and admitted that Argentina’s debt load is unsustainable, paving the way for the government to ask private bondholders to take on losses as it prepares to renegotiate its obligations.

The last time IMF officials commented on Argentina’s debt was in the fourth review of the credit line in July 2019, when they called it “sustainable, but not with a high probability.”

[snip]

South America’s second-largest nation owes over $38.7 billion to bondholders just this year, and payments peak in May. There is no way it can make those payments without magic.

__________________________________

If the U.S. government can see fit to flush billions of dollars out through the IMF money pipes to the likes of Argentina, Ukraine, Greece, Egypt, and others….

Then U.S. citizens deserve nothing less than that same direct access to liquidity provided by the most powerful economic acceleration plan in the world…….

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 2020 (3552 downloads)

A number of current political candidates have promised a big government solution to ‘forgive’ or ‘cancel’ student loan debt – which means that those loans would then get ‘dumped’ on tax-paying Americans. And, those thousands upon thousands of American families that worked hard and saved to pay off (or pay down) student loans would NOT get reimbursed.

There is a much better way to deal with this...

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U.S. Average Student Loan Debt Statistics [January 2020]

www.credible.com › blog › Nov 18, 2019 – Excerpts:

U.S. Student Loan Debt Statistics

Matt Carter Updated November 18, 2019

Statistics about average student loan debt in the U.S. make for frightening headlines, and it’s no wonder — there are some pretty big numbers being thrown around in 2019:

• Average student loan debt → $33,654
• Average monthly student loan payment → $393
• Total student loan debt → $1.598 trillion
• Number student loan borrowers → 43 million
• Number of borrowers who owe $100,000 or more → 2.8 million

Average student loan debt

According to Credible’s analysis of statistics compiled by the U.S. Department of Education, as of Dec. 31, 2018:

• Average student loan debt → $33,654
• Total student loan debt → $1.45 trillion
• Number of student loan borrowers → 43 million

Analysis: Note that these statistics are for all student loan borrowers, not just recent graduates. They are for federal student loans only, and exclude borrowing from private lenders. But private loans account for less than 10% of outstanding student loan debt, and most private borrowers also hold federal student loan debt.

Private student loan debt

According to data collected by MeasureOne, a consortium of lenders, as of Sept. 30, 2018:

• Private student loan debt → $119.3 billion
• Private loans as a share of total student loan debt → 7.6%
• Share of all private student loans made to undergraduates → 88.5%
• Share of all private student loans made to graduate students → 11.5%

Analysis: MeasureOne’s data shows that 92.4% of private student loans made to undergraduates for the 2018-2019 academic year were cosigned, compared to 63.4% of grad school loans. Click here for statistics on average interest rates for private and federal student loans.

Average student loan debt for recent graduates

According to an annual survey of thousands of colleges by the College Board, two-thirds of students who earned a four-year degree in 2017 borrowed for college. Among those who borrowed to get a bachelor’s degree:

• Average student loan debt, recent graduates → $28,500

Department of Education statistics show that graduate students have considerably more debt at graduation:

• Average student loan debt, graduate school → $84,300
• Average debt for recent law or medical school graduates → $186,600

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Student loan debt cancellation: Where 2020 Democrats stand – Washington Post We asked, “Should the government cancel existing student debt, and if so, for everyone or based on income?”

_________________________________________________

The average student loan debt for undergraduates is currently in the range of $28,500 to $33,564.

The Leviticus 25 Plan is America’s #1 economic acceleration plan – whose primary focus is debt reduction / elimination.

The Plan provides for each participating U.S. citizens to receive a direct credit extension of $50,000 into that person’s family account (FA) and $25,000 into that person’s Medical Savings Account (MSA).

Every college graduate would have sufficient funds to either pay student loans off completely or maintain ‘currency’ in their payment schedules.

Every college graduate would also have $25,000 in an MSA, to assist with health insurance premiums and month-to-month primary health care needs. The Plan would make it possible for participants to secure a higher-deductible health insurance plan with lower premiums.

The Leviticus 25 Plan treats all U.S. citizens equally, and it doesn’t take the debt burdens from some and load them onto the backs of others.

The Leviticus 25 Plan, with its massive debt-elimination effects all across America, will re-ignite a powerful, sustainable economic growth phase – which will also generate a continuing flow of millions of new job opportunities for all Americans in the decades to come.

“He who will not apply new remedies must expect new evils.” – Sir Francis Bacon

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 2020 (3523 downloads)

Give Mr. Williams credit for his willingness to offer an honest assessment….

You Can’t Make This Up: NY Fed President Slams Bankers For Risk-Taking Behavior

ZeroHedge, Jan 14, 2020 – Excerpts:

NY Fed president John Williams, who spoke earlier today to students at the London School of Economic (excerpt from his speech):

When we talk about company culture in the context of financial services, the first thing that comes to mind is the risky, unethical, and sometimes criminal behavior in the banking industry, particularly during the financial crisis. And 10 years on from the crisis, this behavior persists. Instances of fraud, money laundering, and scandals related to foreign exchange and LIBOR continue to make the headlines.

_______________________________________

Note again: “And 10 years on from the crisis, this behavior persists. Instances of fraud, money laundering, and scandals related to foreign exchange and LIBOR continue to make the headlines.”

This revelation provides the United States with a fully justifiable economic strategy shift.

It is time shift away from fire-hosing the banking industry, inbred with “risky, unethical, and sometimes criminal behavior,” with liquidity infusions…

Which have done nothing to wean major banks from the Fed’s umbilical cord and nurse them ‘back to health’ for long-term financial viability…

Which have done nothing to reign in public and private debt growth in the U.S… and thereby have done nothing to lighten the burden of debt service obligations and reduce the choke-hold that high debt loads place on economic growth…

And have done nothing to reduce dependence on government…

And have done nothing to set America on course for long term economic growth and security…

It is time now shift course, granting U.S. citizens the same access to direct liquidity extensions that were granted to the likes of Morgan Stanley, JP Morgan, Citigroup, Bank of America, Goldman Sachs, Wells Fargo, AIG, State Street, Merrill Lynch, Credit Suisse, Barclays, Deutsche Bank, RBS, UBS AG… and numerous others during the financial crisis.

It is time now to begin at ‘ground level’ and strengthen the economic foundation 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

$75,000 per U.S. citizen – Leviticus 25 Plan 2020 (3513 downloads)

JCB Capital Performance – Newsletter – Supplement 2008 / 2009

CAPITAL MARKET LOSES Global Markets fall from $62.6 trillion [10/31/07] to $25.5 trillion [Mar 9 ’09] losing $37.1 trillion or 59.2%:

DJIA falls 54.6% from 14,279 to 6,469.95 [10/11/07 – Mar 6 ’09]
S&P 500 falls 57.7% from 1,576 to 666.79 [10/11/07 – Mar 6 ’09]
NASDAQ falls 55.7% from 2,861 to 1,265.52 [10/31/07 – Mar 9 ’09].

MSCI Europe Index falls 61.8% from 1,388 to 529 [7/13/07 – Mar 9 ’09]
MSCI Pacific Index falls 59.5% from 173.1 to 70.13 [11/1/07 – Mar 10 ’09]
S&P Latin America 40 falls 68.2% from 5,862 to 1,862.84 [5/20/08 – Nov 20, 2008]
S&P Emerging Middle East & Africa falls 52% from 307.73 to 146.30 [11/7/07 – Mar 9, 2009]
S&P BRIC falls 71% from 466.90 to 135.25 [10/31/07 – Oct 27, 2008]

Japan’s NIKKEI Index falls from 18,297 [6/20/07] to 6,994.90 Oct 28, 2008 – a 61.7% fall.
Germany’s DAX Index falls from 8,131 [6/20/07] to 3,588.89 Mar 9 ’09 – a 55.8% fall.
Britain’s FTSE Index falls from 6,754 [7/13/07] to 3,460.71 Mar 9 ’09 – a 48.7% fall.
France’s CAC Index falls from 6,168 [6/1/07] to 2,465.46 Mar 9 ’09 – a 60.0% fall. Canada’s TSX Index falls from 15,154 [6/6/08] to 7,479.96 Mar 6 ’09 – a 50.6% fall.

____________________________________________

The effects of the 2007-2010 Financial Crisis were devastating for millions of Americans.

“Nearly 9 million American workers lost their jobs during the Great Recession. Unemployment in the U.S. peaked at 10 percent in late 2009.” -MarketPlace.org, 12-19-19

“Nearly 10 million homeowners lost their homes to foreclosure sales in the U.S. between 2006 and 2014. The effects of the subprime mortgage crisis are not only still being felt today, they have indelibly changed the way Americans view homeownership and the way we live.” -MarketPlace.org 12-17-18.

Question: Does the government have any formal, structurally competent plan in place to prevent another round of these types of devastating effects from the next economic storm?

Answer: No.

Question: Is there a comprehensive plan that would insulate American families from another round of these devastating effects? And provide for massive debt de-leveraging across all sectors of the U.S. economy? And strengthen the U.S. banking system?

Answer: Yes, there is one such plan.

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 2020 (3504 downloads)

_____________________________________________________

Buckminser Fuller: “You never change things by fighting against the existing reality. To change something, build a new model that makes the old model obsolete.”

World Bank Warns “Wave Of Debt” Could Unleash Historic Crisis, Crush The Global Economy

ZeroHedge, 12-22-10 – Excerpts:

In a report titled “Global Waves of Debt”, the world bank looked at the four major episodes of debt increases that have occurred in more than 100 countries since 1970 — the Latin American debt crisis of the 1980s, the Asian financial crisis of the late 1990s and the global financial crisis from 2007 to 2009.

While not finding anything the IIF didn’t already point out last month, the bank said during the fourth wave, from 2010 to 2018, the debt to GDP ratio of developing countries has risen by more than half to 168%: that was a faster increase on an annual basis than during the Latin American debt crisis.

And, as the IIF found previously, the rise in debt has been across both private companies and governments across the world, amplifying the risks if there is another global financial crisis. As a reminder, this is what global debt looked like 20 years ago….

… and what it looks like today:

Something else the World Bank found that we already know: debt growth in the past decade was mostly concentrated in China which accounted for the bulk of the increase, with its debt-to-GDP ratio rising by nearly three-quarters to 255% since 2010, now totaling more than $20 trillion.

Of course, it’s not just China, as most emerging economies saw their debt rise over the eight years, and especially in the past 12 months.

With common knowledge out of the way, the World Bank report said the latest wave of debt was more challenging than the previous three waves because of the build up of both private and public debt, new types of creditors including foreign investors and the big rise in borrowing, which was global and not limited to one or two regions. Poorer countries have also increasingly borrowed from non-traditional lenders such as China, which offer less favorable loan conditions, including higher interest rates and requiring stakes in projects as collateral, according to ABC .

[snip]

“The size, speed, and breadth of the latest debt wave should concern us all”, the report noted.

The irony, is that even in its warning, the World Bank failed to isolate the root of the problem: the report said low interest rates globally reduced the risk of a crisis for the time being, which is true; it is also the main factor enabling governments around the world to issue another wave of debt layering even more debt upon debt, and prompting Bloomberg articles explaining how only more debt can “solve a debt crisis.“

World Bank’s vice president for equitable growth, finance and institutions Ceyla Pazarbasioglu said the dangers were building up.

“History shows that large debt surges often coincide with financial crises in developing countries, at great cost to the population,” she said.

The report focused on total developed nation debt, which remained near the record levels reached in the aftermath of the global financial crisis, at around 265% of GDP in 2018, or $US130 trillion: “While government debt has risen, to a high of 104 per cent of GDP ($US50 trillion), private sector debt has fallen slightly amid deleveraging in some sectors. Total debt has fallen since 2010 in two-fifths of advanced economies,” the report said.

Of course, none of this is new: the World Bank and the IMF – which on one hand have been enabling the world’s rush into more debt – have paradoxically also been warning for some years about the build up of global debt since the GFC.

Amusingly, according to some analysts, the World Bank report “has upped the pressure on governments to prevent another debt crisis” as it found that of 519 cases of debt surges in 100 emerging and developing countries since 1970 roughly half ended in financial crises.

______________________________________

The Federal Reserve, along with other major Central Banks, have been forced into ‘ratcheting down’ interest rates to prevent a global economic implosion (from snowballing interest expense burdens). And they have been pumping liquidity into the banking system, and through various mechanisms (Interest on Excess Reserves and Primary Dealer “Repo” transaction fees), flushing high profile banks with billions of of ‘free money.’

The results have been abysmal. Global debt is surging. Global economies are fragile. Long-term prospects for financial security and economic liberty are being squandered away.

It is time to activate the world’s most powerful economic acceleration plan.

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 2020 (3495 downloads)

Mortgage-Backed Securities (MBS) with riskier, lower-quality, non-conforming loans are now ‘catching fire’ out there in the credit world…

…………………………………………………………………

The Daily Shot, Nov 6, 2019 – Also, non-conforming loan MBS issuance is picking up momentum.

Source: @business; Read full article

…………………………………………………………………………………………………

Investopedia review:

BREAKING DOWN Nonconforming Mortgage

Nonconforming mortgages are not bad loans in the sense that they are risky. However, financial institutions dislike them because they are harder to sell. For this reason, banks will usually command a higher interest rate. 

Although private banks initially write most mortgages, they often end up in the portfolios of Fannie Mae and Freddie Mac. These two government-sponsored enterprises (GSE) buy loans from banks and then package them into mortgage-backed securities (MBS) which sell on the secondary market. An MBS is a type of asset-backed security secured by a collection of mortgages which originated from a regulated and authorized financial institution. While there are private financial companies who will buy, package, and resell an MBS, Fannie and Freddie are the two largest purchasers.

Banks use the money from the sales of mortgages to invest in offering new loans, at the current interest rate. But Fannie Mae and Freddie Mac can’t buy just any mortgage product. The two GSEs have federal rules limits to buying loans which are deemed relatively risk-free. These loans are conforming mortgages, and banks like them precisely because they will readily sell.

By contrast, mortgages that Fannie Mae and Freddie Mac cannot buy are inherently riskier for banks to write. These unsellable loans must either stay in the bank’s portfolio or sell to entities specializing in the secondary market for nonconforming loans.

Types of Nonconforming Mortgages

There are various borrower situations and types of loans which Fannie and Freddie deem as nonconforming. 

• The most common nonconforming mortgage is what’s often called a jumbo mortgage. Jumbo mortgages are loans written for an amount more substantial than the Fannie Mae and Freddie Mac limits. In 2018 that limit in most U.S. counties was $453,100, but in some high-cost areas, it can be as high as $679,650.
• But mortgages don’t have to be jumbo to be nonconforming. A low down payment can trigger nonconforming status. The threshold varies but could be 10-percent on a conventional mortgage or as little as 3-percent on an FHA loan.
• Also, a factor is the buyer’s debt-to-income ratio (DTI), which typically needs to be lower than 42-percent to qualify as a conforming loan. A credit score above 630-650 is also usually required.
• The type of property can also determine if a mortgage is nonconforming. For example, buyers of condos often get tripped up when they learn their dream vacation unit is nonconforming because the complex is considered non-warrantable. That includes condo associations where a single entity, such as the developer, owns more than 10-percent of the units. Other pitfalls include if a majority of the units are not owner-occupied, if more than 25-percent of the square footage is commercial, or if the homeowners association (HOA) is in litigation.

_______________________________________________________

U.S. Household debt has breached the $14 trillion mark. Subprime auto loans are surging. and non-conforming mortgage paper is surging. A lot of this debt will eventually ‘unwind,’ and when it does, U.S. citizens will once again be on the receiving end of the inevitable economic whiplash.

It is time now to insulate U.S. citizens with some dynamic debt elimination at ‘ground level.’

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

$75,00 per U.S. citizen – Leviticus 25 Plan 2020 (3446 downloads)

America is due for a comprehensive ‘quality of life’ upgrade – one that starts with restoring economic liberty and securing financial health for families all across our land. A primary benefit of this plan must be to ‘de-stress’ American families and allow parents more quality time with their children and a more manageable pace of life.

America needs a tour de force plan with the creative power to generate massive new tax revenue flows, reduce government expenditures, and eliminate government deficits – a plan that will set America, and the U.S. Dollar, on a path of long term financial stability.

America’s upgrade must relight the fires of free market, citizen-driven economics and activate a citizen-centered health care system.

This plan must have the raw power to eliminate massive tracts of debt across all sectors of the economy, thereby allowing Federal Reserve ‘rate normalization’ measures, long-term net interest margin benefits for banks, insurers, pension funds.

There is one plan in America with the creative power to deliver these benefits.

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 2020 (3423 downloads)

Exposed: The US Government Is Blowing Billions Of Dollars On Pointless Crap

Authored by Steve Watson via Summit News, ZeroHedge, Sep 5, 2019 – Excerpts:

Taxpayer money is subsidizing frog mating studies in Panama, Pakistani ‘woke’ films, and a ‘Green New Deal’ in Peru…

Senator Rand Paul is waging battle against waste. In his latest ‘waste report’, the Senator reveals how the government is adding to the $22 trillion national debt by subsidizing all manner of pointless activities, including $48 billion in improper Medicare and Medicaid payments. 

The National Science Foundation, a government branch, also spent close to $500,000 studying the difference between frog mating calls in the city and in the forests in Panama. The frogs are not even an endangered species, they just did the study for fun.

It found that city frogs “call at a higher rate”. Good to know. I’m sure Americans will gladly hand over another half a million. Lets see how many frogs have turned gay this time, perhaps?

The government also spent a whopping $10 million on Peru’s version of the ‘Green New Deal’, with the US Agency for International Development committing the money “to develop new and innovative alliances with the private sector that advance environmentally-friendly economic development (i.e. green growth) in Peru.”

Helping out Peruvian gardeners has zero benefit for taxpaying Americans.

Other waste includes $2 million to “promote democracy” in Tunisia. The report notes that the US State Department has spent more than $1.4 billion on such efforts since 2011 when things went to shit in the country.

Why is it working Americans’ responsibility to fix a failed nation in Africa when their own infrastructure is crumbling?

________________________________________

If the U.S. Government is is willing to ‘throw away’ billions of hard-earned U.S. taxpayer dollars, ‘hand-over-fist,’ on nonsensical, cockamamie, utterly wasteful projects…

Then it has enough money to spend supporting a major program that restores financial security at the family level 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

$75,000 per U.S. citizen – Leviticus 25 Plan 2020 (3402 downloads)