richardhutnik said:
One can disagree with a bunch of them. But the current financial system is sitting on a giant bomb of debt, that stands to not get paid off. There is a biblical concept of the year of Jubilee, where all debt is forgiven. This concept is also seen in the area of bankruptcy today. Something is going to have to be done about the global debt bomb being sat on now. It is seen with economists that the large amount of debt on the part of Americans is holding the economy back, and that needs to get paid down. More on the concept: http://en.wikipedia.org/wiki/Jubilee_(biblical)
Of course, the origins of the whole occupy movement was targeting the federal reserve and the world banking system. From this came out every single left wing protest angle of course. I would say better to vent with that, than without. |
Jubilee is a fine principal, but you cannot simply visit it on current debts which were created without such an idea being codified into the system. In the case of Jewish law and Jubilee, they knew exactly how many years were left on any agreement until Jubilee, and calculated accordingly.
The reality is that their rage should be directed at the agency that made it illegal to be able to go bankrupt on student loans... AKA the government.
One theory I read about that was very interested about this is that since the government now controls almost all student loans, that its causing a lot of systemic issues with college. For example, it used to be that when you got a student loan via a private entity, your career field was key in recieving funding. Now, it doesn't matter if you go for writing, womens studies, or physics and nuclear engineering... Despite only two of those careers having viable job markets. Because of that, its created an entire class of student with no job. Pretty sad situation if that is a full understanding of the issue. But then again, the government has done stuff like that before in the housing market, and had the same results.
Back from the dead, I'm afraid.
