Most people reading this are well aware of the Jewish practice of forgiveness of debt and restructuring that occurred in the nation of Israel every 50 years.
This took place because it helped re-balance the economic systems. Lands restored. Debts forgiven.
Some are wondering if right now we aren't in such a time. That the economic upheaval taking place will cause a de-facto year of Jubilee.
I know this, there are a lot of bankruptcies that will take place in the next 12 months. Many will ripple thru the economy. It will have a domino affect.
It did in Israel. Who in their right mind the year before the Jubilee year would lend money to anyone? Or buy land that would be taken from them.
I know may people think this will be wonderful.. but Jubilee for one is economic disaster for another. Someone is stuck holding a bag of debt now useless.
This long run is a disruption that can't survive.
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