The socialist plan for America seeks to provide equality and security for the underclass through enhanced (intensified) government control over the daily affairs of citizens.  The end result is greater centralization of power (central-planning) and an ever-growing allocation of resources by government.

This control extends to health care, representing 16% of the U.S. economy.  The socialist plan advocates ‘medicare for all,’ with the accompanying layers upon layers of bureaucracy, red-tape, cost distortions, regulations, legal penalties and restricted access.

The socialist plan for financial equality in America involves wealth confiscation and redistribution to the masses.   It invents endless new tax burdens and penalties for the middle class. It penalizes risk-taking, hard work, entrepreneurship, industriousness and skillful planning, while conversely rewarding low motivation for self-reliance and non-work,

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The Leviticus 25 Plan reduces the scope of government control over the daily affairs of citizens. It promotes decentralization and economic liberty.  It grants power over the allocation of resources to the people.

The Leviticus 25 Plan puts U.S. citizens in control, individually, of their health care needs and choices.  It grants citizens direct access to health care – without layers of red tape and bureaucratic directives.

The Leviticus 25 Plan rewards hard work, entrepreneurship, industriousness … and it does not penalize success.

It does not confiscate wealth and invent redistribution schemes.

It simply grants U.S. citizens the same access to direct liquidity extensions that the Fed provided for major banks (domestic and foreign) and insurers during the great financial crisis.

The Leviticus 25 Plan is America’s plan for the future, restoring economic liberty and re-establishing free market dynamics.

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$90,000 per U.S. citizen – Leviticus 25 Plan 2021 (3727 downloads)

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 amounts of direct financial assistance from government and the Federal Reserve.

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).

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U.S. citizens deserve nothing less than the same direct access to liquidity extensions that major banks and global financial institutions received during the 2008-2010 financial crisis.

The Leviticus 25 Plan – An Economic Acceleration Plan for America

Leviticus 25 Plan 2021 (3677 downloads)

The U.S. social-restriction response to the Wuhan coronavirus ‘pandemic’ has effectively vaporized 39 million jobs. Small business across America have been crushed, their owners left with gut-wrenching losses. Over 7.5 million small businesses are at risk of remaining permanently ‘shuttered.’

Colleges and Universities are dazed by the financial shock they may be facing over the next several years.

State and local government budgets have been decimated, the U.S. budget thoroughly blown out. The Net Present Value of Unfunded Liabilities (NPV) is fatally ‘beyond containment.’

And now, we have a ‘tidal wave’ of delinquent mortgages rolling across the land…

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‘Tidal Wave’ Of Delinquent Mortgages Set To Surpass Great Recession

ZeroHedge, May 18, 2020 – Excerpt:

With nearly 4 million homeowners in some type of mortgage forbearance plan – representing 7.54% of all mortgages, delinquencies are set to eclipse the great recession which peaked at 10%.

According to a new report from UK-based forecasting firm Oxford Economics, 15% of homeowners will fall behind on their monthly mortgage payments in a ‘tidal wave’ of delinquencies.

Keep in mind that Oxford Economics’ forecast is half of the potential mortgage bloodbath predicted by Moody’s chief economics, Mark Zandi, who said that as many as 30% of Americans with home loans – or around 15 million households, may stop paying if the US economy remains closed through the summer or beyond.

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America needs the one economic acceleration plan with the wherewithal to not only solve the mortgage ‘delinquency’ crisis – but also the raw power to ‘pay off’ the mortgages entirely.

It is time to move forward with a ‘serious’ economic recovery 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

Leviticus 25 Plan 2021 (3662 downloads)

The CARES Act, passed in March, will add $2.2 trillion to the national debt. It threw some nice looking $1200-sized, income-limited, crumbs out to the citizenry and offered a nice, bureaucracy-heavy, slow-moving, provision to help small business protect their payroll workers – that is, for those that managed to not slide into bankruptcy.

The FED, meanwhile, has been busy buying hundreds of billions of dollars in Treasuries, ‘across the duration.’ They now ‘own the curve. They have been buying Agency Debt, Mortgage-backed Securities (MBS), Collateralized Loan Obligations (CLOs), ETFs.

The FED also jumped in with both feet to purchase Corporate (‘Junk-rated’) debt to help stabilize the credit markets (i.e. high-yield debt that corporations are forced to issue when they have fine-tuned their mismanagement strategies to the point that no one will lend them funds at reasonable rates. And so, the FED is now the proud balance-sheet displayer of large sums of ‘junk debt.’

You name it, they bought it. And none of this has anything associated with that could be deemed a long-term benefit. It is all a ultra-massive ‘bandaid’ event.

The FED has also fired up some of their previously-used credit facilities, like the Primary Dealer’s Credit Facility (PDCF) to flush some fresh liquidity transfusions out into Wall Street’s financial sector.

And now… here comes another round of $1,200-sized, income-limited, crumbs to the citizenry:

“Round 2 of stimulus checks? House plan would send $1,200 per person – including children”. – Fortune, May 13, 2020 – Excerpt:

Like the CARES Act, the $2.2 trillion coronavirus aid package signed into law in March, the new bill—known as the HEROES Act—calls for direct payments of up to $1,200 for Americans earning up to $75,000 per year and $2,400 for couples earning up to $150,000 annually.

But the HEROES Act would also provide significantly more money to families with children—potentially up to $6,000 in total for a household with three dependents. Whereas the CARES Act allowed parents to claim an additional $500 per child, the HEROES Act would bump that up to $1,200 per dependent (including adult-age dependents) for up to three dependents.

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So where are we headed with these nice-sounding ‘big government solutions?’

1. We will be adding $5-$6 trillion onto the 2020 deficit (the CBO had projected it to come in at around $1 trillion) – punching the national debt up over the $29 trillion mark.

2. U.S. citizens will remain buried in over $14 trillion in household debt – with massive new numbers of people ‘dependent’ on government for life’s basic necessities (food, shelter).

3. The U.S. economy, which had been crawling along … is now barely ‘creeping’ along. And what are the near- and long-term prospects for economic growth – with the massive debt service obligations that are sucking the juice of of our current liquidity streams..? Meager, at best.

The Leviticus 25 Plan offers a fresh, powerful new start for America

1. The Plan treats all U.S citizens the same. Young-old, rich-poor, black-brown-white, free or incarcerated – all U.S. citizens qualify to participate, if they so choose.

2. The Plan does not offer ‘crumbs’ to participants. It offers the type of substantial liquidity transfer that will eliminate massive amounts of debt and restore ‘financial health’ at the family level, and provide the type of upfront funding that will put citizens back in charge of their primary health care needs.

3. The Plan will get the U.S. economic growth engine moving back up at peak-speed – within months of activation.

4. The Plan will not add a dime to the national debt – in the same way that the FED’s liquidity transfusions out to the banking sector through their various credit facilities does not add to the national debt. The Plan will be funded through a new credit facility, called The Citizens Credit Facility (CCF), and the will be paid back, in full, over the next 15 years.

The most powerful plan in America is loaded up and ready to go…

The Leviticus 25 Plan – An Economic Acceleration Plan for America

Leviticus 25 Plan 2021 (3656 downloads)

House Speaker Nancy Pelosi is pushing to pump an additional $1 trillion into State and Local governments – along with additional direct ‘means-tested’ payments to individuals (designed, by the way, to keep as many people as possible ‘tethered’ permanently to the the Federal government’s umbilical cord.

And when the Federal government has you ‘tethered,’ they have you ‘controlled.’

Pelosi Demands $1 Trillion In Pandemic Relief For States And Local Governments

ZeroHedge, Apr 30, 2020 – Excerpt:

Speaker Nancy Pelosi (D-CA) announced on Thursday that Democrats are trying to negotiate for nearly $1 trillion for states and local governments in the next installment of the taxpayer funded coronavirus relief package – which will be the single largest request by Democrats in the upcoming ‘CARES 2’ legislation.

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The Leviticus 25 Plan advances the cause of freedom from government control, freedom from debt serfdom to banks, the cause of economic liberty, and unlimited opportunity for all who wish to pursue it.

It treats all people the same – equal opportunity for all to participate.

The Leviticus 25 Plan sets America back on track for eliminating budget deficits, reducing long-term debt obligations, bolstering state and local tax revenues and reducing outlays.

The Leviticus 25 Plan will help protect the long-term purchasing power of the U.S. Dollar and prevent its ultimate permanent degradation.

The most powerful, dynamic economic plan on the face of the earth.

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$75,000 per U.S. citizen – Leviticus 25 Plan 2021 (3649 downloads)

The Fed and other global Central Banks are injecting hundreds of billions of dollars into the credit markets, week-by-week, ‘soaking’ up staggering amounts of ‘U.S. Treasury issuance’ (along with corporate ‘junk’ paper)…

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For The First Time Ever, The Fed Will Monetize Double The Total Treasury Issuance

ZeroHedge, Feb 17, 2020 – Excerpts:

… the Fed is nationalizing (or privatizing, depending on whether one views the Fed as a public, or a private – which it actually is – entity) the entire capital market at a pace unseen before in history.

AS the following chart from DB’s Torsten Slok shows, the current pace of weekly Treasury purchases is simply staggering, unparalleled by anything seen before in history.

It’s not just the Fed: with QE officially back [full-blown global debt monetization] every single central bank is now actively injecting billions of liquidity into the stock market.

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Note – These massive liquidity infusions are necessary to keep credit markets from freezing up. They will do nothing to serve the interests of long-term economic growth, and help get America’s enormous debt burdens back under control.

They will do nothing to eliminate the massive debt loads that are burdening millions of American families – and elevate their prospects for long-term financial health.

Three is one plan which will…

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$75,000 per U.S. citizen – Leviticus 25 Plan 2021 (3645 downloads)

Democrat Nancy Pelosi’s populist plan – a monthly ‘drip, drip, drip’ of free money promoting ‘serfdom’ and government ‘control’…:

Rabo: Pelosi’s Stunning Proposal “Shows How Bad Things Are Right Now Out There”

ZeroHedge, Apr 28, 2020 – Excerpt:

House Speaker Pelosi, who recently made a video to show how tough it is being under lockdown at home with a $24,000 fridge packed with ice-cream, yesterday said the following on the next US stimulus package: “Let’s see what works, what is operational and what needs attention…Others have suggested a minimum income, a guaranteed income for people. Is that worthy of attention now? Perhaps so.”

Note: The ‘Universal Basic Income’ plan floated by Pelosi would be ‘means-tested’ – which means it would only be available to a certain segment of U.S. society.

It would do nothing to help the average American family substantially reduce their Household debt levels and reduce their dependence on government. It would increase dependence on government.

It would do nothing to positively incentivize work. It would instead, reward ‘non-work.’

It would do nothing to improve quality and access to the U.S. health care system.

And finally, it would do nothing to help reign in run-away government deficits and set America back on course for long-term economic growth and prosperity.

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Freedom of choice: The Democratic ‘Pelosi plan’ – or the Republican economic liberty plan. Americans may choose the plan that meets their economic needs and interests.

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And here is the Republican Plan – a massive citizen-centered debt elimination plan for U.S. citizens.:

Note: The Leviticus 25 Plan would available to be available to all U.S. citizens. That includes young, old, rich, poor, incarcerated, nursing home residents. Again, all U.S. citizens are ‘eligible’ to participate in the plan.

The Leviticus 25 Plan would provide immediate financial leverage to eliminate massive amounts of Household debt levels, and it would substantially reduce their dependence on government – saving government (federal, state, local) billions of dollars in social spending costs.

The Leviticus 25 Plan would positively incentivize work.

The Leviticus 25 Plan would create a dynamic framework for ‘citizen-centered’ health care. It would improve quality and access to the U.S. health care system for all participants.

And finally, The Leviticus 25 Plan would provide immediate power to help reign in run-away government deficits. It would set America back on course for long-term economic growth and prosperity. And it would restore economic liberty.

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 (3644 downloads)

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April 2020 quote:  “No society can surely be flourishing and happy of which by far the greater part of the numbers are poor and miserable.”  – Adam Smith

The Federal Reserve and U.S. Treasury are teaming up to ‘soak’ the Fed’s Primary Dealers and other major Wall Street corporations with ‘hot’ liquidity infusions…

Meanwhile, millions of U.S. citizens in Main Street America settle for ‘crumbs.’

NPR April 17, 2020: Thousands of Cars Line up at One Texas Food Bank as Job Losses Hit Hard

Ten thousand cars waited hours in line for emergency food aid in San Antonio last week. A drone photograph of the packed parking lot went viral. Two thousand more showed up for another distribution today.

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ZeroHedge, Apr 21, 2020: Total home loans in pandemic-induced forbearance stand at 5.95%, an increase of 60% on the week as roughly a million more homeowners applied for help – bringing the total number of distressed borrowers under the program to roughly 3 million, according to the new Forbearance and Call Volume Survey published by the Mortgage Bankers Association.

“With over 22 million Americans filing for unemployment over the past month, homeowners are contacting their mortgage servicers seeking relief, leading to a sharp increase in the share of loans in forbearance across all loan types,” said MBA’s senior VP and chief economist, Mike Fratantoni. “Mortgage servicers continue to receive a very high level of forbearance requests….. With no end in sight to the COVID-19 pandemic and the unprecedented economic fallout which has followed, Fratantoni thinks that forbearance requests “will likely rise again as we approach May payment due dates.”

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The Federal Reserve had a perfect opportunity, with the massive liquidity flows that it sent surging through its various funding facilities during the last financial crisis, to help individual American families unburden themselves of trillions of dollars in household debt, and create new opportunities for self-reliance and financial security.

They chose to do nothing of the sort. And here we are today with American families unable to finance even the most basic human needs: food and housing.

Now is the time to institute the world’s most powerful economic acceleration plan – and get America back on track for financial health and long-term economic growth.

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 (3640 downloads)

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April 2020 quote:  “No society can surely be flourishing and happy of which by far the greater part of the numbers are poor and miserable.”  – Adam Smith

Wall Street socialism – round 2…

Corporate Socialism: The Government Is Bailing Out Investors & Managers, Not You

ZeroHedge, Mar 26, 2020 – Excerpts:

Authored by Nassim Nicholas Taleb and Mark Spitznagel via Medium.com,

The U.S. government is enacting measures to save the airlines, Boeing, and similarly affected corporations. While we clearly insist that these companies must be saved, there may be ethical, economic, and structural problems associated with the details of the execution.

As a matter of fact, if you study the history of bailouts, there will be.

The bailouts of 2008–9 saved the banks (but mostly the bankers), thanks to the execution by then-treasury secretary Timothy Geithner who fought for bank executives against both Congress and some other members of the Obama administration. Bankers who lost more money than ever earned in the history of banking, received the largest bonus pool in the history of banking less than two years later, in 2010.

And, suspiciously, only a few years later, Geithner received a highly paid position in the finance industry.

That was a blatant case of corporate socialism and a reward to an industry whose managers are stopped out by the taxpayer. The asymmetry (moral hazard) and what we call optionality for the bankers can be expressed as follows: heads and the bankers win, tails and the taxpayer loses. Furthermore, this does not count the policy of quantitative easing that went to inflate asset values and increased inequality by benefiting the super rich. Remember that bailouts come with printed money, which effectively deflate the wages of the middle class in relation to asset values such as ultra-luxury apartments in New York City.

Second, these corporations are lobbying for bailouts, which they will eventually get thanks to the pressure they can exert on the government via lobby units. But how about the small corner restaurant ? The independent tour guide ? The personal trainer? The massage professional? The barber? The hotdog vendor living from tourists near the Met Museum ? These groups cannot afford lobbyists and will be ignored.

Third, as we have been warning since 2006, companies need buffers to face uncertainty –not debt (an inverse buffer), but buffers. …. We do not need to predict specific adverse events to know that a buffer is a must. Which brings us to the buyback problem. Why should we spend taxpayer money to bailout companies who spent their cash (and often even borrowed to generate that cash) to buy their own stock (so the CEO gets optionality), instead of building a rainy day buffer?

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There is a very simple way to level this playing field…

Grant U.S. citizens the same direct access to liquidity that has been, and is now again being provided to major U.S. and foreign financial institutions – by the Fed and U.S. Treasury.

U.S citizens deserve nothing less than the same treatment that the Fed has so generously lathered on the likes of: Goldman Sachs, Morgan Stanley, Bank of America, JP Morgan, Wells Fargo, Citigroup, Deutsche Bank, UBS, Barclays, RBS, BNP Paribas, and others.

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$75,000 per U.S. citizen – Leviticus 25 Plan 2021 (3628 downloads)

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April 2020:  “No society can surely be flourishing and happy of which by far the greater part of the numbers are poor and miserable.”  – Adam Smith

March 30, 2020

Dear Ms. Strassel –

I am a WSJ subscriber, and I appreciate the sharply focused insights and perspectives you provide in your columns.

I would like to add in a supporting perspective, and offer a new economic model for America, in response to your column of Mar 27, 2020.

In “Big-Government Contagion,” you highlighted many of the pitfalls and longer-term dangers involved with governmental entities appropriating large sums of money, either as a matter of ongoing operations or in response to crises, on behalf of citizens – rather than allowing citizens to allocate funds directly, in ways that best meet their individual needs and interests.

Your news service, The Wall Street Journal, proposed a type of blue print for a citizen-driven model (in health care) three years ago:

Give Medicaid Dollars Directly to Patients – WSJ www.wsj.com › Opinion › Commentary  –  Apr 12, 2017 – Excerpt:

Washington and state governments spent $545 billion in 2015 on 73 million Americans covered by Medicaid and the Children’s Health Insurance Program. Instead lawmakers could take $511 billion of that total, divide it equally among enrollees, and give each one a health savings account with $7,000 a year. This would be real money for the poor, stored in real private accounts.

Recipients could use the deposit to buy health insurance and cover the cost of prescriptions, copays, deductibles and other related expenses. Unspent money would carry over to the following year. Enrollees could share that $7,000 with a sick spouse, sibling, parent or child.

I began to do some economic modeling over eight years ago to develop a ‘citizen-centered’ economic plan and health care prototype which would breathe new efficiencies into our U.S. health care system, and revive free market dynamics and economic liberty for individual citizens and their families.

U.S. citizens are the foundation of our Republic, and we must have a healthy and financially sound foundation to set America on course for a bright and promising future.

The resulting plan is a comprehensive economic acceleration plan that yields massive ‘ground level’ debt elimination, citizen-centered health care, fundamentally sound economic growth trends, and extraordinary budget benefits for Federal, State, and Local governments – with $332 billion Federal budget surpluses in each of the first five years of activation:

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

Leviticus 25 Plan 2021 (3592 downloads)

Thank you for your time, Ms. Strassel.  I hope you will review this dynamic, new plan for America.

Sincerely, Bernie Hendricks – Brookings, South Dakota