______________________________________________________
We’ll Need Mass Debt Forgiveness to Recover From the C*********s
MAY 28, 2020
The Babylonian Empire had a problem. Humanity’s banking craze had just gotten under way. Money lenders were in the temples making grain loans to farmers. This expansion of credit was helping to facilitate trade and agricultural production. But over time, the proliferation of debt was also creating big headaches. Subsistence farming is a tough business, even in good times. People often fell behind on their loans. And this insolvency was routinely exacerbated by forces wholly outside of human control — drought, pestilence, angry gods, etc. As a result, large numbers of debtors were falling into b*****e or fleeing from the kingdom to escape their creditors, sapping the empire’s supply of laborers and warriors and putting a real dent in imperial morale. So, to make Babylonia great again, the kingdom established periodic debt jubilees: When new rulers ascended to the throne, they inaugurated their reigns by canceling all existing debts, allowing society to reset its financial system.
https://nymag.com/intelligencer/2020/05/c*********s-debt-forgiveness-rent-mortgage-recession.html
How the world can ‘reset’ itself after C***D-19 – according to these experts
03 Jun 2020
- The Great Reset is a new initiative from the World Economic Forum and HRH the Prince of Wales to guide decision-makers on the path to a more resilient, sustainable world beyond c*********s.
- The economic fallout from C***D-19 dominates risk perceptions, but there is a unique opportunity to reshape the global economy.
- Greenpeace International’s Jennifer Morgan, IMF chief economist Gita Gopinath and ITUC head Sharan Burrow discuss how they perceive a reset.
______________________________________________________
If you wish to contact the author of a post, you can send us an email at voyagesoflight@gmail.com and we’ll forward your request to the author (if available). If you have any questions about a post or the website, you may also forward your questions and concerns to the same email address.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is an informational news aggregator. All content, including third-party reports and community commentary, is provided for educational purposes only. We do not provide financial, legal, or tax advice. We do not recommend the purchase or sale of any currency or investment. Please consult with a licensed professional before making any financial decisions.
Copyright © Dinar Chronicles
Advertisement
______________________________________________________
______________________________________________________
