By Elmer Beauregard
I know this is a Global Warming blog and not a financial blog, but it is hard to ignore what's going on in the markets, so I in my ignorance am going to put in my 2 cents.
In the old Testament every seven years the Israelites would cancel their debts with each other. It was called the Sabbatic year or Sabbath year.
Deuteronomy 15:1-2, NIV 1. At the end of every seven years you must cancel debts. 2. This is how it is to be done: Every creditor shall cancel the loan he has made to his fellow Israelite. He shall not require payment from his fellow Israelite or brother, because the LORD's time for canceling debts has been proclaimed.
Maybe we should do this as a country and just cancel all debts? Hit the reboot button so to speak. After we do this maybe we should get rid of the Fed, which got us into this jam in the first place. Have everybody divide by ten. Then go back to the U.S Mint making our money like the Constitution says.
I was thinking exactly like you. When a computer gets bogged down with crummy software, and IT has installed too many spyware utilities, virus scanners, remote access install utils, etc., until your computer is totally bogged down, putting more software on will not help things.
Reinstall the OS. Reboot.
I have often said this myself. It would be nice if some economist would look into the effect this would have on the county, even if all we did was cancel all debt owed to the government. I believe if God instituted a year of jubilee then we should observe it as well.
I suppose I'm gonna have to read up some more, but this was a pretty good spring board.
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