Hedgefund Jubilee? from Ken Smith

2007-10-10 · Contributor not identified
Original source

I am thinking the debts will not be paid. No one will suffer for paying that debt. May suffer for something else, however.

All nations will simultaneously declare a Jubilee Year, and all debts will be forgiven. Life will begin from square one.

This idea stems from readings in Leviticus, Chapter 25.

Practically speaking, how would it work out, could central banks arrange a Jubilee with hedges and counter hedges, with derivatives and fiat illusions?