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The Year of Jubilee The Year Of Jubilee A Special Year

For the past 40 years, in conjunction with Harvard's Peabody Museum, he and his colleagues have documented how interest-bearing debt was invented in Bronze Age Mesopotamia, and then disseminated to the ancient world.

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What the Bronze Age rulers understood was that avoiding economic instability required regular royal debt cancellations. Professor Hudson documents dozens of these these royal edicts and traces the archeological record and history of debt, and how societies have dealt with or failed to deal with the proliferation of debts that cannot be paid - and their consequences.

In the pages of The Big Question: What happens when debts cannot be paid? Will there be a writedown in favor of debtors as is routinely done for large corporationsor will creditors be allowed to foreclose as is done to personal debtors and mortgageesleading to the creditors' political takeover of the economy's assets - and ultimately the government itself?

Historically, the remedy of record was the royal Clean Slate proclamation, or biblical Jubilee Year of debt forgiveness.

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The Real Message of Jesus: Jesus's first sermon announced that he had come to proclaim a Clean Slate debt cancellation the Jubilee Yearas was first described in the Spexial Leviticus 25and had been used in Babylonia since Hammurabi's dynasty.

This message - more than any other religious claim - is what threatened his enemies, and is The Year Of Jubilee A Special Year he was put to death. This interpretation has been all but expunged from our contemporary understanding of the phrase, " It has been changed to " Contrary to the message of Jesus, also found https://amazonia.fiocruz.br/scdp/essay/pathetic-fallacy-examples/persuasive-essay-on-women-reproductive-rights.php the Bible and in other ancient texts, debt repayment has become sanctified and mystified Ysar a way of moralizing claims on borrowers, allowing creditor elites and oligarchs the leverage to take over societies and privatize personal and public assets here especially in hard times.

Historically, no monarchy or government has survived takeover by creditor elites and oligarchs viz: Rome.

The Year Of Jubilee A Special Year

Perhaps most striking is that - according to a nearly complete consensus of Assyriologists and biblical scholars - the Bible is preoccupied with debt forgiveness more than with sin. In a time of increasing economic and political polarization, and a global economy deeper in debt than at the height Speciak the financial crisis, Order this Item.

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