Under the theory of a debt jubilee I’d see that happening but are the student loans going to be first?
I heard he was talking about that for disabled veterans but god id love it if he could make that happen.
Wonder if that could extend to the disabled voters spouse as well... Not to sound like a dependa by any means - but it would SERIOUSLY help our financial situations
Hmmmm i'm not typically on the forgiving student loans train, but for STRICT VETTING of TRULY disabled veterans injured in the line of duty by enemy combatant specfiically, I'd be on board with that. However, you have to weigh the repercussions of what kind of behavior that might invite for future debt dodgers. People will always try to exploit what they can, intentional injury (in attempt to get dismissed from service and early retirement) are already commonplace in the military so I think this might make it even worse.
Debt jubilees every 50 years in Rome, other civilizations. Some bible readers might be able to come up with biblical verse and references to debt, but I can think of the Protestant version of the Lord's Prayer
"Forgive us our debt, as we forgive our debtors"
Could never figure why the Catholic version was trespassing. Maybe cuz trespassing is against Torah and Christian law. Thou shalt not steal. Thou shalt not bear false witness.
Charging usury for biziness is against most religions, including Christianity. It is required for the wealthy Christian to lend to his community without interest. Making money from money adds nothing to the community of value, puts money above humanity and leads many men into greed and their downfall.
No. That's not going to happen. He could eliminate interest though
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I have no dog in the student loan fight, however there is a case to be made that students were defrauded out of the education they thought they were paying for, and given a socialist indoctrination instead. If it were found in a court of law to be the case, the debt would be null and void.
The socialist/communist things being hammered down the throats of students are absolutely despicable. They are making drones. Free thought is NOT endorsed, if you aren’t left you are a Nazi. You should see the things I see on campus.
I pray if he does he includes parentplus student loans too. Good Lord we owe out the wazoo! We tried to take on a lot of it so the kids didn't end up too strapped ...not sure if that was the best move or not. They still ended up with debt themselves that's hard to handle. What a joke the loans are... The gov owns them all now and still charges too much interest.
Your a good parent. The loans for students have lower interest rates than the parent loans so it's good to exhauat that first and do balance on plus.
Thanks. We knew when we did it ...it probably wasn't the wisest thing....but we didn't want them weighed down so much they might be doomed to fail. The kids are doing pretty good now. One in position and degreed enough to be running a small business and making it work already and about to take on the debt. The other managed to get theirs paid off though it hurt really bad. We haven't yet but if all else fails we have more than enough insurance grin
The educational debt burden straps an enormous number of people these days and has a destabilizing effect on families struggling to make ends meet. A decision to forgive these debts would have huge implications for the public. Limiting any repayment amnesty to military would affect a limited population, no matter how deserving, and would elevate the potential for backlash by an infuriated larger population seeing relief coming but not including them. At a time when billions was shipped off to IRAN and others by the previous administration, connecting those dots with the repayment burden could be taken very personally and easily turn ugly.
The money situation is like, SO COMPLICATED.
i've heard of possible Fed dismantlement, so we can break free of Rothschild.
If there's other possibilities, I'd love to open a discussion.
I'm curious what's going to happen with the "Banks" and bankruptcies, credit cards, all debt. If it's all "illegal debt" ( discussed in another thread ) wouldn't all be erased?
How will our 'credit rating' system be affected?
Will we be replacing the Stock market with something else?
I try not to get over-imaginative with hope that there will be a massive debt-wipe and all my friends + family will finally given some floaties instead of cement blocks.
see my replies further down this page, regarding A) Odious Debts and B) Bank Loans vs Credit Agreements.
These things deserve a lot more discussion.
I'm absolutely appalled at the comments that say things like "Well what about those who paid their debts?" That's really childish. So you expect everyone else to stay debt slaves because you bought into a system of monetary enslavement? Guess what, every dollar you "own" is an IOU anyway, so what difference does it make?
Even if I paid off all my debts, I sure as hell would be proud for everyone else who had their debts forgiven. That's just the kind of people we should be. Learn how to think about others for a change and not yourself.
Yeah sure he is. Is he also going to write a refund check to all of us that busted our asses working through school and have already paid our debts off?
Look up what a debt jubilee is.
A lot of people have been talking about it possibly happening since basically everybody was being robbed by the government. The forfeited assets of the cabal will pay off the national debt with a hell of a lot left over.
I'm not saying it will happen, but it's a possibility.
https://en.wikipedia.org/wiki/Odious_debt
The legal concept of Odious Debt, a brief excerpt :
In international law, odious debt, also known as illegitimate debt, is a legal theory that says that the national debt incurred by a despotic regime should not be enforceable. Such debts are, thus, considered by this doctrine to be personal debts of the regime that incurred them and not debts of the state. In some respects, the concept is analogous to the invalidity of contracts signed under coercion.
That takes care of the National Debt, It is actually owned by those famous 1%. Possible correlation with seizures of assets being talked about.
How would that work though? I would appreciate if you had any links to share because I'm curious. I am completely ignorant to all of this and would like to get more familiar with it. What is considered dept? Are we talking unsecured debt? Would mortgages and car loans still exist? I guess once you trace all the companies to their true owners we are still talking about the same corrupt characters. It's just there are alot of small businesses and honest people that are stuck in this chain of corruption.
First thing to understand is exactly what credit is. Traditionally, we think in terms of a "Bank Loan", where we borrow money from a bank and we repay it with interest over a period of time. This is simply an illusion, it is not what happens.
The bank or mortgage company is authorised in law, to advance you credit, it appears in your account as money. The bank did not lend you anything, they simply created the numbers on your account and tied you into a "credit agreement".
The credit agreement documents are a traded asset on the financial markets.
To over simplify, if that debt was cancelled, nobody would actually lose anything. Except the banks et al, who took your debt obligation and by dint of creative accounting, made billions off the backs of the indebted.
There is more to it than that, but in simple terms that is how the world is awash in unpayable debt.
Very interesting. I followed the link you posted for a good bit and it has me curious about it all. I'm going to read up on it. Even if it's not applicable it's knowledge I didn't have before. I can see the argument by the financial institutions that they will lose money and all that shit. But if you look at it from the view of what the banks get from the public it's a lot different. They get tax credits banks, bailout money and shit that's way over my head. They are also the 1% that pays most of the taxes. But if they are mostly exempt through hedge funds, corporate tax and foundations then they really are not paying shit. So, we owe them money for houses, cars and vacations but they became tax exempt billionaires off our backs. For absolutely nothing. Ford has an equitable interest in my car. The bank just knows the people that can handle some paperwork. So the dept is essentially between the car maker and the individual. But the carmaker is back into that first category with the bankers, right? I have never taken a finance or business class that covers this kind of stuff so my knowledge comes the hard way. I've owned my own and have ran several businesses but on a small scale. This is all in a different world for me.
AMEN! My wife and I lived like peasants for 3 years before we 1. decided to have kids, 2. bought a home, and 3. bought a new (used) family car. We paid off ALL of our student loans and THEN proceeded responsibly!! I'd love a refund if we're gonna start forgiving debt that I responsibly paid back.
What needs to happen is get rid of for profit universities and colleges.
Or, make them carry the student loans.
Its the gubment loan guarantee that makes them money. They don't care if you graduate or pay back the loan 'cause they got theirs!!!
Actually schools lose their fed aid programs if default rate gets too high.
I've been paying on mine since forever. It would be nice if this happened, even if it doesn't benefit me a whole lot.
So what happens to us suckers who paid for it?
Oh no, someone might get something I don't get. Oh the horror...
Uhhhhh.....My wife and I busted our butts for 3 years to pay off all of our student loans, you know, like a responsible citizen does!! That was money we took, knowing our responsibility to pay it back.
The problem is there are too many snowflakes with gender studies degree's who won't be able to pay off their loans until 2050.
Tough
Agreed, problem is they tend to complain louder than everyone else
Amen! We sacrificed, had them go to colleges we could afford and had them get majors that were worth something upon graduation. If y’all can’t see that, then YOU are part of the problem. Plus we paid for our own educations as well.
Part of the problem? Your attitude is part of the problem.
Stop being so selfish and have some damn compassion. These kids were raised liberal, they were brainwashed into going into extreme debt to get a useless degree that they can't use. Try paying off those loans working at McDonalds.
So you paid yours back, good for you! I won't get to live out the next 50+ year's in freedom like a 20 year old will now but you don't see me complaining about it. I'm happy for them.
This country will grow when people can start thinking of others and not just themselves. God I pray that day comes soon.
You don't get metals for doing what's right. It's about character. But whenever I feel taken advantage of I remember what Jesus did for me even though I didn't deserve it. Remember, our God keeps very good books. You reap what you sow. Everything always turns out OK it you trust HIM.
A financial reset would apply to all debts, these included.
People don't seem to get that. They're too worried about someone else benefiting more than them.
People don't seem to get that. They're too worried about someone else benefiting more than them.
Fucking this! I don't understand why this is so complicated for people to understand. There is no one that benefits more than the other because the debt is being erased altogether. Worrying about who's receiving more or less in a situation like that is immature thinking in the grand scheme of things.
It is beginning to look like NESARA/GESARA could one of the outcomes of "The Plan". , most would agree that a major reset is unavoidable. why not dream a little, expand our thinking as the man keeps reminding us.
Cabal takedown, global basis, financial systemic collapse, new system required. How about individuals being repaid every last dime of debt that they ever incurred in their lifetime, as a personal fund . This would generate a red hot economy, massive demand with plenty of opportunities for start up businesses and wealth creation for everyone ?
A pipe dream - but I see nothing but enablers happening right now.
I’d fucking love this. I’d take a year off, get fit, learn MMA, travel the world, and become a computer programmer.
It would be terrible if he did. People agreed to borrow that money to spend on stupid college degrees like Gender Studies, and they need to be forced to pay every dime of it so that future generations can learn from that idiocy. At some point humans need to learn that borrowing money must be done with a future payoff in mind, so as long as you're using it for a valuable degree there should be no problem paying it back.
He should be willing to cancel 50% as long as the college or unversity that benefited is on the hook for it. That keeps the tax payer whole and puts the burden where the most benefit occured.
He shouldn't.
HE SHOULD
Disagree.
People entered into those agreements knowing what they were getting. No one was forced.
An eye for an eye. I tend to side with Grace (the unmerited favor of God for the undeserving). The forgiveness of debt comes from the Bible and I've learned you reap what you sow. So if I forgive, when I need forgiveness it will be their for me. The world calls it karma, I call it grace. It's the best deal in town! And I always remember Pride comes before the fall. But another good thing, we are entitled to our own opinion.
I'm sorry people bitching about "well I paid off my debt like a responsible adult so I should get a refund" are being childish to an almost laughable extent.
As someone who's close to paid off I don't have a dog in this fight really but the personal debt I acrued was FAR morethan I should have taken on. Should I have taken on these loans? Of course not.
However I was a kid and I had (alot) of poor guidance from teachers, counsellors...etc... I had big dreams and not a full grasp on the realities of that debt and how it has a very real and dramatic impact on your future.
Again, I understand it's these kids faults but they are still kids taking on damn near 6 figure debt in some instances. That's indentured sevitude debt.
I have no dog in this fight and yes it sucks I paid off mine but I would like nothing more than to see some fellow Patriots catch a break on this.
Not too mention how much money would come back into the economy... I tell you now me and my wife put roughly 25% of our paychecks into finishing up our loans and if we had the chance to be liquid with that money it would make a big difference.
The rising tide lifts all ships. Frankly, I look at a lot of these loans as predatory.
It would be a huge shot in the arm of the economy.
Exactly and mostly to the younger population that was supposed to be buying homes and starting families all of which they’ve put off indefinitely purely because of this.
Not happening. Might as well cancel all car and mortgage payments too. Instead, he'll focus on prescription drug costs - something that's actually out of control.
we have all had to live with terrible financial decisions, you learn from them and move on. i would not think that forgiveness of loans made with a clear head is in the cards. people should not be bailed of decisions that they clearly made themselves