This country just cancelled citizens debt

marketsurfer said:
i fully expected this to happen in the US for mortgages. Interesting

http://www.cnbc.com/id/102388026
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I like that quote "Classic case of populism" what does that mean? It's good for the population? All they did was make declaring bankruptcy easier. We have bankruptcy laws in this country. We have bankruptcy laws in this country to give men a different option other than resorting to a life of crime to support their family.

Not sure why we didn't just forgive all mortgages in 2008? Instead we gave it to the banks to cover their bad loans. The government can cover a bad loan or a bad debt. But if you cover a bad debt, that is just "populism."
 
Who was it that said if you redistributed all the money evenly, the same people would have it back in a year or two?
 
drcha said:
Who was it that said if you redistributed all the money evenly, the same people would have it back in a year or two?
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yeah, if you've ever been beat, back to back, by the same player in a Monopoly game, you know how that deal goes
 
Thank you Loyek, I had read observing was sporadic of the jubilee, but it is a non american God whose principality and power are in Israel. I read today that Iceland is building a temple to Thor in honor of a European God. If America has a god I suppose it's money because we have built mighty temples to this god. The King of Kings could deal with lepers and thieves and prostitutes, but took offense at the bankers and beat them soundly. This God of Jews commanded them to not honor our god by not paying interest on loans, but we have them now on our side.
 
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