wish the hackers would hack all the big banks and wipe out everybody’s mortgage, car, home equity loans (like with a cloth or something), lol.
Loan forgiveness is nice if the banks can afford it. If the banks lose their “numbers” they don’t have any money to loan out?
I wonder about the millenial reign of the Messiah and just wondered how He will establish banking. Old Testament laws?
The following article discusses debt forgiveness. When 3rd world countries were forgiven great debt the money they saved was wasted.
Some argue it is a reason not to forgive loans. The Old Testament Jubilee was in fact NEVER followed. IMHO if the Jubilee was followed the BANKS would not loan people who couldn’t pay it back or would TEACH people how to be frugal and PROFITABLE. At least that will be during the reign of the Messiah. :)