{"id":2341,"date":"2014-12-02T18:40:06","date_gmt":"2014-12-02T23:40:06","guid":{"rendered":"http:\/\/olduvai.ca\/?p=2341"},"modified":"2014-12-02T18:40:06","modified_gmt":"2014-12-02T23:40:06","slug":"the-morality-and-legality-of-debt-jubilee-part-i-bullion-bulls-canada-sprott-money-news","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=2341","title":{"rendered":"The Morality and Legality of Debt Jubilee, Part I \u2013 Bullion Bulls Canada \u2013 Sprott Money News"},"content":{"rendered":"<p><a href=\"http:\/\/www.sprottmoney.com\/news\/the-morality-and-legality-of-debt-jubilee-part-i-bullion-bulls-canada-sprott-money-news\">The Morality and Legality of Debt Jubilee, Part I \u2013 Bullion Bulls Canada \u2013 Sprott Money News<\/a>.<\/p>\n<p style=\"clear: both; text-align: left; color: #000000; font-size: 13px; line-height: 20px; max-width: 100%; padding: 0px; margin: 0px 0px 20px 7px;\">Our nations (Western nations) are rapidly\u00a0<a style=\"text-decoration: none; color: #c67f2a; text-align: left; padding: 0px; margin: 0px;\" href=\"http:\/\/www.bullionbullscanada.com\/intl-commentary\/26540-bridges-collapse-as-the-west-drowns-in-debt\" target=\"_blank\">going bankrupt<\/a>. This is not a suggestion or an assertion. It is a simple fact of arithmetic, for anyone capable of operating a calculator, and who can understand the concept of \u201ccompound interest\u201d. Indeed, the bankruptcy of these\u00a0<a style=\"text-decoration: none; color: #c67f2a; text-align: left; padding: 0px; margin: 0px;\" href=\"http:\/\/www.bullionbullscanada.com\/intl-commentary\/26505-the-wests-debt-bomb\" rel=\"nofollow\">already-insolvent<\/a>\u00a0regimes has only been\u00a0<em style=\"padding: 0px; margin: 0px;\">delayed<\/em>\u00a0via permanently (<a style=\"text-decoration: none; color: #c67f2a; text-align: left; padding: 0px; margin: 0px;\" href=\"http:\/\/www.bullionbullscanada.com\/intl-commentary\/26467-interest-rate-fraud\" target=\"_blank\">fraudulently<\/a>) keeping interest rates frozen at near-zero \u2013 to minimize their already gigantic interest payments.<\/p>\n<p style=\"clear: both; text-align: left; color: #000000; font-size: 13px; line-height: 20px; max-width: 100%; padding: 0px; margin: 0px 0px 20px 7px;\">The economic outcome here is as obvious as it is inevitable. After the mass-bankruptcy which will occur either tomorrow, next month, next year, or (improbably) next decade; there will be a gigantic \u201ceconomic reset\u201d of Western economies, and very possibly the entire global economy.<\/p>\n<p style=\"clear: both; text-align: left; color: #000000; font-size: 13px; line-height: 20px; max-width: 100%; padding: 0px; margin: 0px 0px 20px 7px;\"><img decoding=\"async\" class=\"aligncenter size-full wp-image-10121\" style=\"display: block; float: none; clear: both; padding: 0px; margin: 0px auto 1.571em auto;\" src=\"http:\/\/www.sprottmoney.com\/wp-content\/uploads\/2014\/12\/debt-jubilee.jpg\" alt=\"debt-jubilee\" width=\"100%\" \/><\/p>\n<p style=\"clear: both; text-align: left; color: #000000; font-size: 13px; line-height: 20px; max-width: 100%; padding: 0px; margin: 0px 0px 20px 7px;\">This simple, inevitable conclusion should not surprise any reader. It has happened many times in our civilized history. Indeed, it has happened with such regularity\/frequency that we even have a name for this economic phenomenon: Debt Jubilee. The origins of Debt Jubilee go back to (literally)\u00a0<a style=\"text-decoration: none; color: #c67f2a; text-align: left; padding: 0px; margin: 0px;\" href=\"http:\/\/en.wikipedia.org\/wiki\/Jubilee_%28Christianity%29\" target=\"_blank\">Biblical times<\/a>, as our societies have been bankrupting themselves, and then \u201cresetting\u201d for well over 2,000 years.<\/p>\n<p style=\"clear: both; text-align: left; color: #000000; font-size: 13px; line-height: 20px; max-width: 100%; padding: 0px; margin: 0px 0px 20px 7px;\">Having established that there must be an economic reset ahead of us, and having observed that this is a regular occurrence in our societies\/civilizations; all that remains to be dealt with is how the next Debt Jubilee\u00a0<a style=\"text-decoration: none; color: #c67f2a; text-align: left; padding: 0px; margin: 0px;\" href=\"http:\/\/www.bullionbullscanada.com\/intl-commentary\/26064-what-will-debt-jubilee-look-like\" target=\"_blank\">should be administered<\/a>. As Debt Jubilee translates literally to erasing our debts; the question boils down to this: should all debt (government\/corporate\/individual) be wiped away, or only partially erased?<\/p>\n<p style=\"clear: both; text-align: left; color: #000000; font-size: 13px; line-height: 20px; max-width: 100%; padding: 0px; margin: 0px 0px 20px 7px;\">&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Morality and Legality of Debt Jubilee, Part I \u2013 Bullion Bulls Canada \u2013 Sprott Money News. Our nations (Western nations) are rapidly\u00a0going bankrupt. This is not a suggestion or an assertion. It is a simple fact of arithmetic, for anyone capable of operating a calculator, and who can understand the concept of \u201ccompound interest\u201d. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[1361,195,1580],"class_list":["post-2341","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bankruptcy","tag-debt","tag-debt-jubilee"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2341","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2341"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2341\/revisions"}],"predecessor-version":[{"id":2342,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2341\/revisions\/2342"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}