tag:blogger.com,1999:blog-6276436620527782297.post1982243941856469193..comments2023-08-12T07:55:32.551-07:00Comments on Jubilee Year -- Cancel Our Debt: The Jubilee Solution to the Economic Crisis: the People’s BailoutJustinhttp://www.blogger.com/profile/01023125641719686613noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-6276436620527782297.post-37824312335332138762009-12-22T08:16:22.991-08:002009-12-22T08:16:22.991-08:00I agree, Jaap, cancelling all interest should be a...I agree, Jaap, cancelling all interest should be a minimum first step. The good news is, if America leads, the rest of the world will follow, since the US dollar (Fed Reserve Note) is the basis of the world economy.Justinhttps://www.blogger.com/profile/01023125641719686613noreply@blogger.comtag:blogger.com,1999:blog-6276436620527782297.post-65190264371716392772009-12-21T11:55:13.294-08:002009-12-21T11:55:13.294-08:00Cancelling debts would in my opinion be an excelle...Cancelling debts would in my opinion be an excellent plan. Or, even better, cancelling inordinate interest rates on these debts, making it impossible to pay them off, and making money flow mostly one way: to those already rich.<br />Since we have borrowed over 15 times the gross national product of the whole world together, I don't think repaying the debts will ever happen. <br />However, the debts are not just a matter of the US of A internally. They are also debts with the rest of the world. And there's the rub. We must solve this internationally. Or else we will be played out against oneanother, dollar against euro against yen, etc. If we are to consider debt cancellation, we also have to consider redressing our international trade, and our cross-national debts.<br /><br />Nonetheless, I very much appreciate the idea of Jubilee. There must be truth in this.<br />As much as there is truth that we should not take rent - on money.<br />(Just as much in the bible...)Jaap de Goedehttps://www.blogger.com/profile/08554247766752846375noreply@blogger.comtag:blogger.com,1999:blog-6276436620527782297.post-19192978230943462752009-10-18T02:08:03.619-07:002009-10-18T02:08:03.619-07:00The problem with printing cash to pay off debt is ...The problem with printing cash to pay off debt is that we are limited by the amount of wood and recyclable paper that is available. The dollar is also in competition with other nations for the same resource. The utter point is that green plants are needed to sustain life itself and without such the candle would be snuffed out on planet earth. One solution might be a conversion to digital currency, which may be our only solution in the face of an insurmountable pile of national debt...digital currency running in an infinite set of negative numbers. Everyone would be issued an ATM card to buy and sell with. Prophetically, we should avoid this scenario: 666Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6276436620527782297.post-83737361366663333862009-10-08T14:03:20.678-07:002009-10-08T14:03:20.678-07:00The main problem with printing actual Greenbacks i...The main problem with printing actual Greenbacks is the inflation that comes with physical cash. If they do it soley with credit and computer balances, the inflation can be avoided.Justinhttps://www.blogger.com/profile/01023125641719686613noreply@blogger.comtag:blogger.com,1999:blog-6276436620527782297.post-54922832359796187152009-10-07T21:03:12.219-07:002009-10-07T21:03:12.219-07:00If the treasury was to print up greenbacks (ie., w...If the treasury was to print up greenbacks (ie., without issuing bonds ala Lincoln) and send them to all the households so the households could pay off all their debts, there would be no increase in public debt.wrafthttps://www.blogger.com/profile/11500342138768626670noreply@blogger.comtag:blogger.com,1999:blog-6276436620527782297.post-42027232627074297852009-06-15T11:54:48.465-07:002009-06-15T11:54:48.465-07:00Another thing...we are not just talking about debt...Another thing...we are not just talking about debt forgiveness of one sector of the economy (a strategy that has failed in the past), we are talking about a rebooting of the ENTIRE economy, which is entirely another thing. - James CarderAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6276436620527782297.post-54822410089215663532009-06-09T11:29:49.449-07:002009-06-09T11:29:49.449-07:00Ha, thanks, insite, good point.Ha, thanks, insite, good point.Justinhttps://www.blogger.com/profile/01023125641719686613noreply@blogger.comtag:blogger.com,1999:blog-6276436620527782297.post-86660260656586049262009-06-08T13:48:13.572-07:002009-06-08T13:48:13.572-07:00careful justin, you know what happened to the two ...careful justin, you know what happened to the two presidents that issued debt free currency.insitehttps://www.blogger.com/profile/11465119294054417326noreply@blogger.comtag:blogger.com,1999:blog-6276436620527782297.post-76314954607344460812009-05-14T10:46:00.000-07:002009-05-14T10:46:00.000-07:00Not if the government just gives the money away. ...Not if the government just gives the money away. They don't have to convert it to debt. That is just a charade the play with the Fed. Government does not have to issue debt money.Justinhttps://www.blogger.com/profile/01023125641719686613noreply@blogger.comtag:blogger.com,1999:blog-6276436620527782297.post-1455661428507319212009-05-14T07:31:00.000-07:002009-05-14T07:31:00.000-07:00Seems to me it would just be consolidating the deb...Seems to me it would just be consolidating the debt at the federal level. If the government gives out 'free' money for everyone to pay off their debts, they have to add that amount to their debt levels. Tax payers would then be stuck paying off the federal debt for years.Gridlocknoreply@blogger.com