What is a coronavirus 'debt jubilee'?

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This latest global financial crisis calls for drastic solutions. Tim takes a look at perhaps the most radical of these - the debt jubilee.
  1. Killik & Co
  2. Coronavirus
  3. debt jubilee
  4. saving
  5. investing
  6. central banks
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Комментарии
Автор

Another great video Tim - breaking down and explaining a complex issue in a simple way.

JakrilHoquelinkedin
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My son in law saw his business get utterly destroyed... and left him in heavy debt because of covid ... he lost his bakery and restaurants... it made him a pauper.... sickening...

markanthonymarla
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God calls for jubilee's in the bible. But man done away with them as well as His Son Yeshua Jesus .Sad world ! Lets Make God Great Again in This United States Of America !!!

angiebroyles
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Well, my son in law and daughter, had to take out all the equity out of their fully paid house .... which was completely paid off ! ...
and gave them a MASSIVE MORGAGE!!! ... AND PUT THEM BOTH IN DEBT MY DAUGHTER FIGHTS TO PAY ....
And my son in law is depressed beyond belief .... EVERYTHING HE WORKED 40 YEARS FOR IS GONE .... IN ONE SWOOP! ...

markanthonymarla
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Excellent Report Explaining A Debt Jubilee in a very concise simple understandable way. Thank you. Out.

TIOMKIN
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Those curtains !!!! Hope you’re well. Great videos over the years.

zzhughesd
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Where ever you go, we are going to follow you...Please tell us about gold and silver too...

MrBodha
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Thanks Tim. Thought that’s what it was but if everyone with a mortgage gets a free house, what do the renters who have been diligently saving get? 🤔

rinnin
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It's funny, with the unemployment benefits and the stimulus I am receiving, I've been paying off all of my debts.

JosephDunegan
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Have you heard of NESARA/GESARA? Good video

michaeloneill
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Where did the original loan come from? Can we say thin air? So, a debt jubilee is not really a big deal.

teedee
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And those that have been really responsible and live within their means will get nothing? Debt Jubilee sounds a crazy idea in principle. Of course my modest opinion.

rafaelcabanesasensi
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Another good one Tim, thanks. Interesting concept

carenjacks
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Makes sense Gesera was supposed to be out in the 90

jonc
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My question is where is the debt Jubilee? People need it right NOW!

bossfootbagstwo
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No, no and no please - some of us have been very diligent to reduce debt and keep a good balance of current and growth assets. Let people, firms and governments learn some hard lessons about responsible finances - programs that temporarily subsidize workers on shut-down sectors make sense - cancelling loans is a different matter.

Lord_Saruman
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Juneteenth, also known as Freedom Day, Jubilee Day, and Cel-Liberation Day, is an American holiday celebrated annually on June 19.

sinweiy
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Rather than writing it off, the money will be created. This will be fairer if all individuals benefit from this. Challenge is it will need a cancellation of the 2 per cent inflation target…

mattwarrilow
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So does my car loan vanishes and I keep the car?

janinepolanco
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Why not force central banks to buy underwater assets at a loss? These are drastic times after all