I was always taught that when I borrow money from the bank, I was borrowing someone else’s savings, or the bank's money. They were called bank loans then. Well somewhere down the line, they invented "Credit Agreements" These may be called something else in your domain. So, the way it happens is : I apply for a "loan" doesn't even need to be a bank these days, many organisations can offer me "credit". Upon completion of the paperwork the bank/credit agency enters some numbers into their computer and hey presto, I have numbers in my bank account, corresponding to the numbers that I just signed up for. Let's say I took out a "loan" for 250 grand in local currency units (Dollar/Euro/Pound/whatever) to buy a small house. I pay the seller 250k and the bank transfers that sum from my account to the seller's account - usually via a middle man parasite. The house is now mine (actually it's the banks until I settle the loan). At this point in time, everyone is happy and everyone has been paid. I have a debt of 250k and a house with title/deeds. The seller has sold his house to me and he has his money. The bank never had the 250k to loan me because they are authorised to create credit (money) just on the strength of my signature.  Money is created by the issuing of credit. The bank will profit from the interest on the re-payments and other bank charges. Now to the question of how will a jubilee work? If All debts are cancelled via a global Jubilee, who exactly will lose ? The guy who sold me his house is not affected. I will benefit by the cancellation of my outstanding debt to the bank. The bank will lose the profit from interest and account charges. They will not lose the balance of my mortgage, it was never their money in the first place. Nobody else is affected. Now, these same banks have been bankrupt for years, they have been kept alive by leveraged politicians who have been pumping public money into the banks and the bank's schemes and joe public has to pay for it all. Its time to clear out the dead wood and get a clean money system put into place. The current system is knackered and cannot be fixed.  When POTUS forces the bankruptcy of the Federal Reserve Bank, he will trigger a systemic collapse because the entire system is under the Fed umbrella. Perfect time to restore sovereignty and issue a US Treasury Doller/Amero/whatever.  New Balls