Posted on 10/12/2022 6:38:31 PM PDT by Beave Meister
Exactly!
What happens after that? You lose your house, car, etc.
I think they call it a depression.
If everyone loses all money, that’s far worse than a depression - in that case I doubt people will be repo’ing cars. Everyone will be struggling to survive.
bfl
The debt still exists, like that idea or not.
Oh, agree 100% that it still exists. I just doubt it would be collectible if/when such a catastrophic event occurred.
I continue to think we may see a sort of global jubilee. If the world wakes up and sees that there is no possible way to pay debts — and yet expects those debts to be paid — then something breaks in a very deep way.
Who knows what could be possible?
Solid thoughts, but I reject the supply and demand explanation, too.
I do so primarily because I reject all “laws” of economics and finance — because they are not gravity or electromagnetics or anything physics.
They are about and measured by that substance created from nothing, money. How can anything created from and defined by nothing qualify to have a “law”?
Money’s value is decided by the imagination of counterparties. So not only is it created from nothing, it’s value is determined by whimsy.
So no, not a supply and demand devotee.
So about 1 term of a stolen demonrat election?
The Great Reset.
You will own nothing and be happy.
You have no debt, but own nothing.
I’m no economics wiz (I think it is a false science and is mostly just political manipulation) but I see a jubilee as a way to stop the Great Reset. I think the globalists are pushing impossible debt and debt slavery as a global crisis that requires a global economic solution. That’s the Great Reset where no one owns anything and your social credit score determines how happy you are allowed to be. In my opinion a jubilee blows up the central banks and actually allows people to really start owning things again. The best reason to support a jubilee is that is destroys the political plans of the globalists.
I agree to a point. But…
Most people do not understand an actual Jubilee year/event. It doesn’t mean that suddenly your house is mortgage free. It means your house or home return to the original owner! Property is RETURNED. In many cases, that means the banks. It’s an interesting thing to consider.
See here: https://www.myjewishlearning.com/article/sabbatical-year-shemitah-and-jubilee-year-yovel/amp/
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