Some articles I have been reading this week. On debt, economic crisis, jubilee.
The reset button needs to be pressed, there is no other option. The next generation will not and should not pay for the mistakes of a few who continue to enjoy their privileges and are supported by the word of law written and influenced by themselves.
Pressing the reset button means the permanent writing off of just about all debt, sovereign and individual. A ‘debt jubilee’. But if the reset button is pressed there is a real danger that the prudent will lose out. For every debtor paying interest there is an investor or saver receiving interest (with finance institutions in the middle of course). So they should be rewarded proportionately to the wealth write-offs and those who profit at the expense of the majority should be penalized proportionately.
This is called fairness, which is an alien concept to anyone who wants to maintain the current crumbling system at any cost (to others).
The Global Call for International Debt Court Raised at World Social Forum
As tens of thousands activists gather at the World Social Forum in Dakar, Senegal a new international campaign has launched to combat the global debt crisis. Defuse the Debt Crisis calls on current G20 Chair, French President Nicolas Sarkozy, to establish an international debt court to prevent the global economic turmoil that results from countries defaulting under unsustainable debts.
Things are already even worse than many people realize. “Bubbles dot the economic landscape like it’s bath foam,” or, in Nouriel Roubini’s words, “a housing bubble, a mortgage bubble, a bond bubble, a credit bubble, a private equity bubble, and a hedge funds bubble–all are now bursting simultaneously.” As P. Sainath says, and as long as you try fixing the situation “within a dead framework, things will only get worse.” Whatever he does, President Obama asks us to see it as change we can believe in, and most Americans seem to be either cheering from the sidelines or simply standing around hoping for the best. But until more of us take action to define the future, we’ll continue to be, as Sainath puts it, “only gripped by change we can’t believe [we’re] seeing.”
Debt crises have occurred frequently throughout the history of civilizations, beginning long before the invention of fractional reserve banking and credit cards. Many societies learned to solve the problem with a “debt jubilee”: According to the Book of Leviticus in the Bible, every fiftieth year is a Jubilee Year, in which slaves and prisoners are to be freed and debts are to be forgiven. Evidence of similar traditions can be found in an ancient Hittite-Hurrian text entitled “The Song of Debt Release”; in the history of Ancient Athens, where Solon (638 BC–558 BC) instituted a set of laws called seisachtheia, canceling all current debts and retroactively canceling previous ones that had caused slavery and serfdom (thus freeing debt slaves and debt serfs); and in the Qur’an, which advises debt forgiveness for those who are genuinely unable to pay.
See No Evil, Speak No Evil, Hear No Evil
“See no evil, speak no evil, hear no evil, is a phrase in the Western World often used to refer to those who deal with impropriety by looking the other way, refusing to acknowledge it, or feigning ignorance.”
Another suggestion I have to all that are reading this, is to attack the root of all of our problems, The Federal Reserve. The Federal Reserve has stolen everything and it is only moral to get it back from these criminals. Just because this criminal Elite scammed America in 1914, it does not mean they are not guilty and justice does not need to be served. Think about candidates running on a platform of freeing generational debt slaves with an new Emancipation Proclamation. If we ended the Fed, fractional reserve banking and usury, and switched to a competing currency system of gold, silver, platinum, and debt free treasury notes, we could eliminate everyone’s private debts. The Babylonians did this when the debts of the common man became too great. They reset the system and forgave all debts. The church used to do this with a Jubilee year.