>>4388127
>>>4388021
>>Go learn about money and how it is all based on debt.
>If you have your car loan forgiven because it's a 'fraud', what happens to the dealership that made the loan?
Their debt gets wiped clean as well. Though to be honest, I am not sure how things would work out but a few anons were talking about it a few breads back.
There is this though, which several anons were referencing.
https://www.telegraph.co.uk/finance/economics/11383374/The-biggest-debt-write-offs-in-the-history-of-the-world.html
>Loans were less a way to make money than they were a means to help one's fellow man. Given that all worldly wealth and property belonged ultimately to God, a creditors' rights over it were temporary rather than absolute.
>One of the most famous proclamations of the virtue of debt repudiation comes from ancient Babylon (modern-day Iraq).
>In 1792BC, the self-proclaimed King Hammurabi of Babylon forgave all citizens’ debts owed to the government, high-ranking officials, and dignitaries.
>The Code of Hammurabi, which currently sits in the Louvre in Paris, declared:
>Quote If any one owe a debt for a loan, and a storm prostrates the grain, or the harvest fail, or the grain does not growth for lack of water, in that year he need not give his creditor any grain, he washes his debt-tablet in water and pays no rent for this year.
>Hammourabi’s jubilees were part of a long line of debt cancellations that can be traced back to Mesopotamia as long ago as 2400BC.
>Historians have counted around thirty episodes of general debt cancellations from 2400 to 1400 BC, noting they were occasions of great festivity which often involved the physical destruction of the tablets on which liabilities were recorded.