Debt Jubilee would never work. Forget the dreams of the fed just going under and everybody profiting I have been thinking about Debut Jubilee. It wouldn’t work. I don’t owe for 2 goats and a sheep People like you would hate letting millionaires get away with zero debt. Even if you did just under X yearly, shit will still hit the fan. So, let’s clear all debts. You would still end up with: People playing the system. Hell, I’d try to a buy $500k home and get it written off. The banking system would need to be wiped out and started fresh. Corporations are billions in debt so you’d have to limit it to just people. But! Now you have to consider that foreign nationals own US debt and they wouldn’t want to be screwed. So, I really doubt this would work on basic principals of: Government won’t give up tax money. The financial havoc it would create across the world which could result in another World War. Now I’m sure many of you are smarter than me and probably even a few of you have an economics degree. Please chip in and prove or disapprove how the fed isn’t gonna completely go a way.