Posted on 04/29/2020 4:30:34 PM PDT by dynachrome
In Ancient Greece around 600 BC the commoners had fallen into heavy debt.
First they mortgaged their land, and delivered the majority of their crops to the lender.
But after a bad harvest, the farmers needed to borrow more in order to afford another planting.
With nothing left they used their freedom, and the freedom of their family as collateral.
Many were sold into debt slavery after defaulting on this second loan.
That’s when a poor aristocrat, Solon, was elected ruler by appealing to both the landowners and the heavily indebted commoners.
He canceled the commoners’ debts and ended debt slavery.
The commoners were free of their debts and servitude. But they still needed to eat.
Suddenly they had no one to loan them money to plant crops. And the wealthy didn’t have the labor to make full use of their farmland.
Greece was hit with food shortages. Any resources the commoners may have saved on their debts had to be poured back into feeding their hungry family.
(Excerpt) Read more at thedailybell.com ...
Jubilee.... 50 years cancel debt return land to long term owners.
Precede Greece.
“Rent and Mortgage Cancellation Act which would cancel all rent and mortgage payments for the duration of the pandemic”
You would still owe the money. I bet you still have interest during that time period too. Nothing is free in life.
If you have the money keep paying your mortgage, you are better off in the long run. Beans and Rice
> Trump can cancel mortgages, credit card debt, and student loans just as easily. <
I’m scratching my head a bit on that one. Are you kidding? If not, I think you’re going a bridge too far.
Who would eat the losses? Would the Feds reimburse every lender? And why not then cancel all debt everywhere? Car loans, IRS judgements, personal IOUs, etc.
I’d support some sort of arrangement to make paying back debt easier. But to just cancel debt...wow.
The Road to Serfdom...
first good start would be to hang all the politicians.
“I’m scratching my head a bit on that one. Are you kidding? If not, I think you’re going a bridge too far.”
The only reason I see if they pass this, the USA is broke already and they just have not told us yet. When the supply chain from China broke it broke the USA. Note: I said Supply Chain not the virus.
Hopefully enough companies move out of China last year to allow some recovery.
A lot of them started importing from Vietnam, I suspect that is a scam where China ship to Vietnam to import into the USA. American Greed
Your best bet: Make sure you are ready by owning your own land free and clear. Cars payoff and etc...
Cancel debts?
If you owed me $50,000 on a note and the feral gov’t cancelled it, you ‘dam well better never ask me for a loan again. Nor would I loan anyone else a dime!
Yup. Good book.
I’m with you.
I was once like most others here but then I saw clearly the scam.
Too long to explain here but the long and short is banks are not lending, they are carrying and indebting people in lifetime obligations, i.e. a sophisticated form of slavery.
Bankers and their shyster lawyers have no skin in the game. It’s all phony fiat currency created from thin air and stuck on unwitting debtors who think someone’s doing them a favor.
How about this for an idea? Work and save to buy that land or that home. No effing debt ever. Get rich, get free, get independent.
I am not a socialist, far from it.
”I am not a socialist, far from it.”
The Biblical debt jubilee wasn’t about socialism.
One thing that happens is that those who sacrificed to pay get nothing and those that had the money, but didn’t pay get another hand out.
Another thing that happens is that Landlords go bankrupt.
“Trump can cancel mortgages, credit card debt, and student loans just as easily.”
I’ve read my Constitution very, very carefully. Where exactly is that power spelled out?
L
I know that very very well but the fiat pushers today create a frustrated class that loses hope and listens to scammers like Sanders. This class of young people work hard, try to do everything politely and legally but they never get ahead. Our upward mobility society was slammed starting with the repeal of Glass-Steagall and then it took only ten years for Wall Street sharks to rip off the American economy for trillions. And they did so without consequence.
So yeah, the money lenders do what they always do with their practice of usury, same as it always was back to biblical times. The jubilee was society’s way of holding reins on money lenders who were always treated as dregs of society.
In the modern era beginning with the Hoover administration, we had Glass-Steagall to set boundaries for money sharks. And it was repealed in 1999 when the current generation had forgotten the abuses that ran rampant during the Great Depression.
I am all for a jubilee but looking into the future we need a new Glass-Steagall Act to settle and stabilize housing for Americans.
And going forward Americans are going to work their butts off for that home or farm but they’re going to have piece of mind knowing the playing field is fair. Hard work and gain squelches socialist scammers. Unfortunately, today’s American society has very little gain for hard work but we have a once in a lifetime opportunity to fix that with Donald Trump as our President.
This is a great idea. Those who got hit by the last financial crises are still digging thier out with bankruptcies and bad credit and climbing back up the ladder. Now this! Does this sound like an even playing field? The government created the last crises and did nothing but bail out the big banks. The average joe got and middle class got screwed!
And “insurance”
NIRP = Negative Interest Rate Policy
Create a blowback from the Federal Fake Reserve.
This comes about when the Fed boys get audited and stopped at the airports and border crossings from escaping to their boltholes.
The audit will reveal massive off-book fiat creation which will enrage people. Previous attempts to audit and expose this dark money has occurred with mysterious disappearances, assassinations, sudden step-downs, retirements, more time spent with one’s family.
After a period of blowback, the fake fiat federal reserve currency will be replaced with Treasury-issued US Note currency indexed to gold creating sound money.
Completely Constitutional.
No more games.
“After a period of blowback, the fake fiat federal reserve currency will be replaced with Treasury-issued US Note currency indexed to gold creating sound money.”
As the Founders intended.
L
It’s totally insane.
Throw in abolishing the Federal Reserve, and ...getting rid of a bunch of bankers, and it's a deal.
China is Asshoe.™ Bankers are Asshoe Too.™
Jubilee! lets do it. been long enough....
Leviticus 25:8–13 states:
You shall count off seven Sabbaths of years, seven times seven years; and there shall be to you the days of seven Sabbaths of years, even forty-nine years. Then you shall sound the loud trumpet on the tenth day of the seventh month. On the Day of Atonement you shall sound the trumpet throughout all your land. You shall make the fiftieth year holy, and proclaim liberty throughout the land to all its inhabitants. It shall be a jubilee to you; and each of you shall return to his own property, and each of you shall return to his family. That fiftieth year shall be a jubilee to you. In it you shall not sow, neither reap that which grows of itself, nor gather from the undressed vines. For it is a jubilee; it shall be holy to you. You shall eat of its increase out of the field. In this Year of Jubilee each of you shall return to his property.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.