The ‘Debt Jubilee’: The Solution For Governments To Avoid The Next Economic Disaster

• The world is burdened by an unpayable amount of debt that is crippling economic growth. There is going to be a DEBT Jubilee, ie debt forgiveness, to extinguish debt.
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• The process by which this is done is called a Global Currency/Financial Reset. It is a euphemism for the Return to the Gold Standard. The price of gold will be revalued upwards many folds to enable governments to extinguish debt.
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• Governments around the world cannot just say to banks: All debts owed to you is now invalid. The entire banking/financial system will go BUST. Everyone’s savings will disappear overnight. Governments will revalue gold price upwards 10x, 50x … and then use the overnight increase in asset to buy debts from the banks. Thus, debt is forgiven.
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• By implication: fiat currencies will suffer a massive devaluation against gold/silver.
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• The ‘Debt Jubilee’: The Solution For Governments To Avoid The Next Economic Disaster
  by https://www.silverdoctors.com/
  Rooted in the Bible and based on debt forgiveness, wiping the slate clean with a debt jubilee may stave off the next financial crisis. Here’s why… Richard Vague on interviewed by New Economic Thinking:
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  How do you know a major financial crisis is coming? Look for a spike in privately held debt, by households and corporations.
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  That’s the argument of Richard Vague, author of The Next Economic Disaster: Why It’s Coming and How to Avoid It. Having worked for more than 30 years in consumer banking, Vague describes how he saw the build-up of private debt in the mortgage and credit card industries first hand–even though it’s an issue that neoclassical economists like Milton Friedman barely acknowledge. To avoid another crisis, Vague says firms and governments need to take debt forgiveness–the biblical “jubilee”–seriously. As he says, after the financial crisis “We helped the banks, we didn’t help the households.”

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https://socioecohistory.wordpress.com/2018/04/06/the-debt-jubilee-the-solution-for-governments-to-avoid-the-next-economic-disaster/