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Dear Jim: Regarding the Time Lines.

  • Jim Costa
  • Jul 11, 2018
  • 2 min read

Jim; can you explain that Jubilee?

Response: I have been studying it for several years so I can say with all certainty, No, I haven't got a clue! It can be anything as it will be a brokered give and take negotiated deal. That is presumably what has been going on in the background for the past year. Assume we have been playing the game of Monopoly for several hours and the losers want to quit yet the winner wants to continue on. All of the players bankrupt or greatly in debt would stay if their debts were greatly reduced or forgiven altogether. But to do this the winner will insist she gets a little something in the process of forgiving most of her debtors. That negotiated deal would be a Jubilee. Then there is the bible version where every seven years or so all debts are forgiven. Then there is the global banking system that packaged mortgages and sold them all over the world several times so that there may be five people that think they own your mortgage. If you pay it off and get a mortgage release, several people will sue you for not paying them as well. It is a legal nightmare that cannot ever really be cleared up. There is so much fraud in that and then we have the trillions of dollars of derivatives issued by the banks that too cannot be undone or paid out. Then this is what happened when the Soviet Union collapsed. The homes were technically owned by the state. But those that were living in them took ownership of their house by default as there was no longer a state. So we could end up not having to pay off credit cards or bank loans because they were all issued to us under fraud. I know this is hard to comprehend and sounds crazy, but the banks have defrauded the people for a hundred years and continue. The law says that a contract under fraud does not have to be repaid. The same holds true of national debt created under fraud, which most of our national debt was so created due to bribery, mis-allocation, etc. So the bottom line is that a lot of our debt, personal and national, will just disappear. That is the best answer I can give and guess at. That is in my opinion as to what Trump has been up to - negotiating our bankruptcy reorganization, as most countries are doing now. Note: By "bankruptcy, I mean our personal situations, the nation as a whole and the corpses of banks, investment firms and businesses that will not survive the collapse and jubilee. It's all one big gumbo. Hope this helps.


 
 
 

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