In the biblical Old Testament, every 7th year was the year of jubilee...Debts forgiven, slaves freed, etc.
Sounds good to me. God never liked fake money. Remember the incident in the temple, when Jesus got so angry he flipped the money changers' tables over in a rage?
I'm just thinking of how hard it would be to get credit after thisWould you loan out money if there was a possibility the government would say "sorry, they don't have to pay it back"? And who says if they do it more than once it will be a TOTAL sweep of debt. They could just randomly choose to eliminate debt for whatever political reason they have for anyone they want. Then the liberals are going to blame the corporations and big banks for not loaning out money and hurting the poor people
No more IRS.
I am now old enough to vote.
You read the world media recently? A full out collapse is spoken as a real possibility.Originally Posted by ninepointfive
- "a euro collapse is now just a matter of time. "
If you gave a reason I could refute it, but it's not like that at all.
All replies without substance. We require production of cotton and sugar so slavery can't be ended, yet history shows otherwise.
Because Ron Paul hasn't won he isn't electable. It'll NEVER happen.
Bumping now that Iceland has started some sort of debt forgiveness.
PS Could a mod correct the spelling in the title! 'forgiveness'
what about all those investors who have their retirement fund invested in "risk free" government debt?
"Government is the great fiction through which everybody endeavors to live at the expense of everybody else"
- Claude Frédéric Bastiat
I have no debt to be forgiven...maybe I should get some
One of the final barriers to overcome is the barrier of fear.
So many think that the only way out of our problems is through some sort of global calamity, and that if the current power structure goes down then there will be worldwide chaos, war, and armageddon.
There are actually some religious fanatics who honestly believe that human history will end because god will get pissed off and punish us.
Indeed, the core of the problem is that a small minority of said fanatics have taken it upon themselves to hurry god along as it were, and they in their minds share the same delusions that dictators and rulers and kings and tyrants have always had throughout history, they start to think of themselves as gods.
Since there are already so many religious wackos who do think god is coming to end human history then, even if they don't support this tiny minority of psychopaths they share the ultimate goal, i.e. the end of humanity. They fear going against the powers that be because they too think they are unworthy and deserve to be punished and that human history is pre-ordained to end in some religious armageddon.
Then there are those of us who have such a hard time accepting that this type of religious fanaticism is real that we tend to dismiss it all as nonsense, especially when there is so much occult idiocy mixed in with it. But just because I don't believe this doesn't mean that those trying to control everything don't either, they very well could be basing their actions on weird mystical mumbojumbo from thousands of years ago.
Truth is most people really don't think like I do, and so who am I to scoff at their motivations, especially when they impinge on my ability to be free and prosperous?
Ron Paul: He irritates more idiots in fewer words than any American politician ever.
NO MORE LIARS! Ron Paul 2012
Is this a joke? Debt forgiveness? Really?
That means a lot of people aren't getting paid and a lot of businesses going out of business. It's why Europe has been propping up little Greece for years. If they default the ripple effect is MASSIVE. It could cause a world wide economic collapse because their debts are tangled into many industries - other countries, banking, pensions, IMF, ECB, etc.
The BEST thing to do is not bail out anything or anyone. When you do bailouts or debt forgiveness, you create this entitlement to do things wrong/bad all over again.
Be responsible. Take care of yourself. Don't tread on other people. Slow down. Question everything. Start now.
"Everything the State says is a lie and everything it has it has stolen" - Friedrich Nietzsche
Whoa! You almost convinced me that central-planning actually works! But then I snapped back to reality!
+1I'm just thinking of how hard it would be to get credit after this
Most people have neither the intellect nor the dilligence to learn & recognize such far-reaching economic consequences, that's why world is so full of tyranny; most people are short-sighted & we don't have a fair system, not because some handful of "elites" are stopping it but because most people don't want a fair system, they want a favored system, specifically, a system that benefits them at the expense of others, & that's what creates the structures that lead to tyranny as people concede power for favors, otherwise world would a lot more freer
F'ck investors! Who needs savers & investors! Didn't Keynes already prove that capital can be created out of thin air so we can have prosperity without savers & investors!
Yes, definitely, when you can get stuff cheaply & get your debt forgiven then what's the point of working & saving!
+1
Again, is the world intelligent or dilligent enough to learn & understand such far-reaching economic consequences? I don't think so! As soon as one government does it, even partially, there will be demands from freeloaders elsewhere to do the same & governments will have to cave in & that in itself will destroy the whole system; I hope it doesn't happen but as Einstein had said, stupidity is infinite
There is enormous inertia — a tyranny of the status quo — in private and especially governmental arrangements. Only a crisis — actual or perceived — produces real change. When that crisis occurs, the actions that are taken depend on the ideas that are lying around. That, I believe, is our basic function: to develop alternatives to existing policies, to keep them alive and available until the politically impossible becomes politically inevitable
- Milton Friedman
This.
/thread
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