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#1: ghostdogtxn    To: Horse (#0)

ghostdogtxn posted on 2019-11-16 14:20:41   Reply   Private Reply

#2: Horse    To: ghostdogtxn (#1)

Debts have been cancelled through default and discharge in foreclosure and bankruptcy court as the US did in 1933. This contracted the money supply by 31% and resulted in 3 million Americans starving to death.

Debts were cancelled through inflation in Germany in 1923 with worse results than America.

The Third Way is for the government to cancel debts as the kings of ancient Sumer and Babylon did starting 4,100 years ago. The Jewish Bible writers called this the Jubilee when they saw it during their Babylonian captivity. The author of the Book of Jeremiah blamed their military-political defeat to the lack of a Jubilee. There is no evidence that Israel ever practiced a Jubilee. Babylonian debt cancellations worked without the nasty side effects of 1923 Germany and 1933 America.

Horse posted on 2019-11-16 15:21:13   Reply   Private Reply

#3: Esso    To: ghostdogtxn (#1)

I’d love to pay off my mortgage with a few gold coins.

Shit, the way things seem to be going, that might not even get your water bill paid off.

Nothing makes sense anymore.

Esso posted on 2019-11-16 18:30:51   Reply   Private Reply