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Faggot, if jubilee was in 6 months, would you loan someone money beyond that 6th month?
No.
Youre trying to conflate a bailout with a jubilee and it's fucking retarded.
"Every 10 years we will have a debt jubilee." So, who the fuck will lend you money that extends 1 day beyond the jubilee? No one.
Did I say "every ten years"? Don't put words in my mouth. They literally shut-down the economy, and made it impossible for otherwise-perfectly-financially-responsible individuals to repay their debts. Why not a one-time solution to a one-time problem? You're replying to what you're assuming I'm implying, rather than the literal words that I'm typing. If you want to get biblical: they would actually do it every 50 years; and the implication is that it was done generationally. But here we are, in this modern kiked world of usurious-lending specifically designed to enslave people: and you're worried that people won't be able to get loans anymore? *sigh*
Whatever. It doesn't really matter, 'cause there's going to be a jubilee either way, once the economy/nation completely collapses and the entire continental United States turns in to equal-parts Mad Max and Planet of the Apes.
No. You didn't say "Every 10 years" but what you are doing is trying to redefine what a "jubilee" is.
A jubilee is a set time, set in advance, when all debt would be forgiven. And the problem with that defintion is that when you near the deadline for the jubilee, credit stops being issued, for obvious reasons.
You put a deadline on debt repayment, it destroys lending beyond that deadline.
It's the easiest way to describe what we're talking about. I've already stated what my intention is: bring-back the same process that would occur during a debt-jubilee, once, in order to deal with this manufactured financial-crisis. If we can bail-out banks, we can bail-out the people that got screwed over by the government, at the behest of billionaires. You can see how this won't happen, anyway: because the intent of what they're doing is massive wealth-transfer and the destruction of the middle-class. So I was already partially being tongue-in-cheek, to begin with, noting that it would never happen, voluntarily anyway.
But as a one-time solution: I still think it's a rational approach. It's not like people went nuts racking up debt to create this crisis: like in 2008. This time people aren't allowed to be financially productive. You're distracting from my point over a technicality, and arguing over that technicality as if it's my point: when we've already established that it isn't. There really isn't much left to say here.
Yeah its coming no matter what and even if they print fake money to infinity and let every person run up infinite debt it will do nothing but make the crash even more destructive and bloody. Fractional reserve banking is crack cocain and heroin speedball for the economy it's like shooting steroids and bragging about your gains.
The entire point of jubilees is that profiting off human misery would be short lived at best. It also makes usury impossible, since hte interest would be forgiven. No one can get a loan? Fucking good, then maybe we can focus on the real price of an item, instead of the super inflated cost we have thanks to the way debt works these days. At the going rate, a new car will cost 100,000 in less than a decade
No more credit. No more debt. Just like I said.
But it will slow growth to a crawl. No more retirement. No more capital investment. PayGo is the model.
You won't have to worry about the price of a car because they won't build them any more.
I dont personally see that as a bad thing honestly. I live in a small town, and that's exactly how we do it here, even down to the fire service. It's slow sure, but it also means we dont have to do random accounting for stuff we may not need anyways.
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