Trump signs new debt increase. Are Americans to soon demand a debt-cancelling Jubilee?
The USA officially decided to increase its government debt again today:
February 9, 2018
WASHINGTON —
The U.S. House of Representatives passed a massive $400 billion budget agreement early Friday intended to end a partial federal government shutdown.
President Donald Trump signed the agreement at the White House Friday morning. …
Rand Paul of Kentucky objected to the Senate proceeding to vote on a two-year budget deal that would boost military and domestic spending by hundreds of billions of dollars, saying it would explode America’s rising federal deficit and add to the nation’s more than $20 trillion national debt. …
Paul’s objection drew an angry response from a fellow Republican, Senator Lindsey Graham of South Carolina, who argued America’s military desperately needs additional funds after years of budget caps that constrained both the Pentagon and domestic programs.
“Debt and deficits are no excuse to leave the war fighter hanging,” Graham said. “Whatever it is to keep our military going, I’ll do it.” https://www.voanews.com/a/house-senate-pass-budget-to-end-shutdown/4245930.html
So, more federal government debt.
But what about personal debt?
Are Americans about to demand debt cancellation? Could that have anything to do with something in the Bible?
Financial writer Porter Stansberry seems to think so as he posted:
Do you ever feel—despite the supposed economic “recovery” of recent years—that something in America is still not quite right?
If so, you are not alone.
After all, how can things be “OK” when nearly half the men ages 18-34 now live with their parents—the highest level since the Great Depression?
How can it be “normal” when in one of America’s richest cities (Seattle) there are now 400 unauthorized homeless camps under bridges and along freeway medians?
How can it be a “recovery” when 78% of the U.S. population now lives paycheck to paycheck, with essentially zero savings? … for millions of Americans, a crisis is coming.
I’m talking about a political event unlike anything we’ve seen in our country in nearly 50 years.
It will “reset” the financial system in ways most Americans can’t imagine—and for most, it will be a national nightmare. …
It used to be that most Americans didn’t hold debt, outside of a mortgage on their first home. But after almost 40 years of declining real wages, Americans now have to go into serious amounts of debt for just about everything they buy. …
It’s gotten so bad, 73% of Americans now die with debt… with an average total of more than $60,000!
Being in debt is an incredibly stressful way to live. You’re in a hole and there is simply no way out. So it’s no surprise that deaths by drugs and poisoning for the bottom 60% of American’s population have doubled since the year 2000… and suicide rates have doubled as well over the same period. …
And this enormous political powder keg is leading to THE biggest political event our country has seen in decades. …
U.S. consumers now have nearly $13 trillion in total debt… the highest total ever, even more than was owed right before the crash in 2007… in order to pay for food, housing, cars, education, healthcare, and other basic expenses.
We owe a trillion dollars on our credit cards—which often have interest rates as high as 28%! We’ve borrowed a trillion dollars to buy new cars—which plummet in value the minute you drive off the lot. And we’ve racked up about $1.5 trillion for college education with dubious worth.
The debt load for the working poor has nearly quadrupled in the past 20 years as a percentage of their income. And this debt can never, ever be repaid. …
Very soon, millions of Americans will be calling for the government to “do something.”
Specifically, they’ll be calling for a clean slate… to wipe out their debts and “reset” the financial system.
The crowds will cheer and march like never before. The violence will escalate. Our politicians will promise this reset of the financial system as a way to a “new and better prosperity.”
And while it might sound like good news to those who have gotten in over their head—what will really happen is a national nightmare.
You see, this idea of erasing debts to reset the financial system is not new. In fact, in the Bible, it’s referred to as a “Jubilee.”
If you’re unfamiliar with the term, it comes from The Old Testament, the Book of Leviticus, Chapter 25.
A Jubilee in the Jewish tradition was said to occur roughly every 50 years.
It was a time for total forgiveness of debt, the freeing of slaves, and the returning of lands. Pope Boniface VIII proclaimed the first Christian Jubilee in 1300.
Since then, it’s been used dozens of times, when anger among a population hits extreme levels, typically because of an explosive divide between the wealthy and the working class.
And very soon, millions will be calling for a new Debt Jubilee here in America.
Believe it or not, many are already doing so …
In Congress, more than a half-dozen Jubilee-style laws have been proposed, by folks such as Rep. Kathy Castor and Senator Bill Nelson from Florida. …
A Jubilee—which wipes the slate clean for millions of the most indebted Americans and “resets” the financial system—is inevitable.
And mark my words:
This trend will accelerate. The idea of a Debt Jubilee will become THE leading political issue in the months to come.
Today, for millions of Americans, there’s no more powerful political promise than a Debt Jubilee. Politicians will soon be promising it all…
I will wipe out your debts.
I will allow you to start fresh.
I will reward all of your bad decisions.
I will solve America’s massive income inequality.Who will pay for it?
You guessed it…
You, me, and millions of Americans with pensions, retirement accounts, and other types of savings.
Just as in the past, the folks in Washington will disguise this Jubilee under a different name.
They might call it a “National Restoration” or “Patriotic Solvency.”
They’ll pass an “Act” like they did in 1841… or invoke an Executive Order as was done in 1933 (Executive Order #6102)… or simply issue a mandate to the Secretary of the Treasury (which they did in 1971).
But it all means the same thing. The Jubilee will redistribute trillions of dollars from those who have invested and saved… to those who can no longer pay their debts. …
You see, around the world today, the idea of a Jubilee has become the de facto solution for extreme financial problems… when debts can’t be repaid.
Iceland used a Jubilee to restructure mortgages that were underwater. Croatia used a Jubilee in 2015 to wipe out millions in consumer debt. Japan is doing the same right now with nearly half its national debt.
President Trump has suggested a Debt Jubilee for all of Puerto Rico’s bond debt after Hurricane Maria. http://theamericanjubilee.com/ accessed 02/01/18
While I do not expect the US government to call for a debt jubilee soon, and have had pointed out problems with Porter Stansberry’s predictions in the past (see True U.S. collapse to be ushered in July 1, 2014?), elections in November of this year could change the political landscape.
Since Donald Trump has filed for bankruptcy several times, he might even consider such a thing as a debt jubilee.
Before going further, perhaps I should mention the period of time that began on the Day of Atonement last year (sunset September 29th) until the period of September 18, 2018, has been considered to be a Jubilee year and supposedly would usher in the Messiah (watch 2017 Year of Jubilee and the Messianic Age?), but that will not happen. I even got an email from the Temple Institute today that indicated this was part a Jubilee year as it tied in the capture of Jerusalem in 1967 to it.
As far as the Bible and the Jubilee year, here is a lot of what the Bible itself teaches about it:
8 ‘And you shall count seven sabbaths of years for yourself, seven times seven years; and the time of the seven sabbaths of years shall be to you forty-nine years. 9 Then you shall cause the trumpet of the Jubilee to sound on the tenth day of the seventh month; on the Day of Atonement you shall make the trumpet to sound throughout all your land. 10 And you shall consecrate the fiftieth year, and proclaim liberty throughout all the land to all its inhabitants. It shall be a Jubilee for you; and each of you shall return to his possession, and each of you shall return to his family. 11 That fiftieth year shall be a Jubilee to you; in it you shall neither sow nor reap what grows of its own accord, nor gather the grapes of your untended vine. 12 For it is the Jubilee; it shall be holy to you; you shall eat its produce from the field.
13 ‘In this Year of Jubilee, each of you shall return to his possession. 14 And if you sell anything to your neighbor or buy from your neighbor’s hand, you shall not oppress one another. 15 According to the number of years after the Jubilee you shall buy from your neighbor, and according to the number of years of crops he shall sell to you. 16 According to the multitude of years you shall increase its price, and according to the fewer number of years you shall diminish its price; for he sells to you according to the number of the years of the crops. 17 Therefore you shall not oppress one another, but you shall fear your God; for I am the Lord your God. (Leviticus 25:8-17)
25 ‘If one of your brethren becomes poor, and has sold some of his possession, and if his redeeming relative comes to redeem it, then he may redeem what his brother sold. 26 Or if the man has no one to redeem it, but he himself becomes able to redeem it, 27 then let him count the years since its sale, and restore the remainder to the man to whom he sold it, that he may return to his possession. 28 But if he is not able to have it restored to himself, then what was sold shall remain in the hand of him who bought it until the Year of Jubilee; and in the Jubilee it shall be released, and he shall return to his possession.
29 ‘If a man sells a house in a walled city, then he may redeem it within a whole year after it is sold; within a full year he may redeem it. 30 But if it is not redeemed within the space of a full year, then the house in the walled city shall belong permanently to him who bought it, throughout his generations. It shall not be released in the Jubilee. 31 However the houses of villages which have no wall around them shall be counted as the fields of the country. They may be redeemed, and they shall be released in the Jubilee. 32 Nevertheless the cities of the Levites, and the houses in the cities of their possession, the Levites may redeem at any time. 33 And if a man purchases a house from the Levites, then the house that was sold in the city of his possession shall be released in the Jubilee; for the houses in the cities of the Levites are their possession among the children of Israel. 34 But the field of the common-land of their cities may not be sold, for it is their perpetual possession. (Leviticus 25:25-34)
40 As a hired servant and a sojourner he shall be with you, and shall serve you until the Year of Jubilee. 41 And then he shall depart from you — he and his children with him — and shall return to his own family. He shall return to the possession of his fathers. (Leviticus 25:40-41)
47 ‘Now if a sojourner or stranger close to you becomes rich, and one of your brethren who dwells by him becomes poor, and sells himself to the stranger or sojourner close to you, or to a member of the stranger’s family, 48 after he is sold he may be redeemed again. One of his brothers may redeem him; 49 or his uncle or his uncle’s son may redeem him; or anyone who is near of kin to him in his family may redeem him; or if he is able he may redeem himself. 50 Thus he shall reckon with him who bought him: The price of his release shall be according to the number of years, from the year that he was sold to him until the Year of Jubilee; it shall be according to the time of a hired servant for him. 51 If there are still many years remaining, according to them he shall repay the price of his redemption from the money with which he was bought. 52 And if there remain but a few years until the Year of Jubilee, then he shall reckon with him, and according to his years he shall repay him the price of his redemption. 53 He shall be with him as a yearly hired servant, and he shall not rule with rigor over him in your sight. 54 And if he is not redeemed in these years, then he shall be released in the Year of Jubilee — he and his children with him. 55 For the children of Israel are servants to Me; they are My servants whom I brought out of the land of Egypt: I am the Lord your God. (Leviticus 25:47-55)
2 And they said: “The Lord commanded my lord Moses to give the land as an inheritance by lot to the children of Israel, and my lord was commanded by the Lord to give the inheritance of our brother Zelophehad to his daughters. 3 Now if they are married to any of the sons of the other tribes of the children of Israel, then their inheritance will be taken from the inheritance of our fathers, and it will be added to the inheritance of the tribe into which they marry; so it will be taken from the lot of our inheritance. 4 And when the Jubilee of the children of Israel comes, then their inheritance will be added to the inheritance of the tribe into which they marry; so their inheritance will be taken away from the inheritance of the tribe of our fathers. (Numbers 36:2-4)
16 ‘If a man dedicates to the Lord part of a field of his possession, then your valuation shall be according to the seed for it. A homer of barley seed shall be valued at fifty shekels of silver. 17 If he dedicates his field from the Year of Jubilee, according to your valuation it shall stand. 18 But if he dedicates his field after the Jubilee, then the priest shall reckon to him the money due according to the years that remain till the Year of Jubilee, and it shall be deducted from your valuation. 19 And if he who dedicates the field ever wishes to redeem it, then he must add one-fifth of the money of your valuation to it, and it shall belong to him. 20 But if he does not want to redeem the field, or if he has sold the field to another man, it shall not be redeemed anymore; 21 but the field, when it is released in the Jubilee, shall be holy to the Lord, as a devoted field; it shall be the possession of the priest.
22 ‘And if a man dedicates to the Lord a field which he has bought, which is not the field of his possession, 23 then the priest shall reckon to him the worth of your valuation, up to the Year of Jubilee, and he shall give your valuation on that day as a holy offering to the Lord. 24 In the Year of Jubilee the field shall return to him from whom it was bought, to the one who owned the land as a possession. (Leviticus 27:16-24)
Essentially, the jubilee was a reset for society and a new chance for those who had not handled their finances as well as others may have. People would get their ancestral lands back, if they would have sold them. And since it was supposed to be observed once every 50 years, most people who did not die in childhood would have experienced it once or even twice in their lifetime (yes, even three times was possible).
It is not out of the realm of possibilities that the USA would be in a Jubilee period–but that is not something people can now count on.
As far as the meaning of the term translated as jubilee in most Bibles, notice the following:
The translation “Jubilee year” results from a mistaken application of cognates (similar words in different languages). In the original Hebrew, the year was called the “year of the horn,” or, in Hebrew, “the year of the yovel.” The Latin for yovel is iobileus, which just happens to sound like the Latin word iubileus, connected to the verb iubilare, “to celebrate.” The English “Jubilee year” comes from the Latin. http://www.huffingtonpost.com/dr-joel-hoffman/five-mistakes-bible-translation_b_1129620.html
Some have suggested that because the jubilee is not observed, that this is perhaps why there tends to be major economic problems every 50-60 or so years. Notice the following:
“Kondratieff long wave cycle (K-wave) was originally used to explain long wave economic cycles. Its originator Nickolai Kondratieff was a Russian economist (1892-1938) in Stalin’s Agricultural Academy and Business Research Institute (“Long Waves in Economic Life” – originally published in German in 1926). Kondratieff’s major premise was that capitalist economies displayed long wave cycles of boom and bust ranging between 50-60 years in duration. Kondratieff’s study covered the period 1789 to 1926 and was centered on prices and interest rates.”
“The 50-60 year cycle of catastrophe and renewal had been observed and recorded by the ancient Mayans of Central America and by the ancient Israelites. Further studies have discovered similar long economic waves from the period of the ancient Greeks and Romans. Kondratieff identified four distinct phases the economy goes through. They are a period of inflationary growth, followed by stagflation, then deflationary growth and finally depression.” http://www.gold-eagle.com/editorials_02/chapmand062902.html See also: http://en.wikipedia.org/wiki/Kondratiev_wave
Some have seen major economic disturbances throughout history (beyond what we have seen this week) that seem to possibly correlate with not following the admonition of having a Jubilee year.
Since it is the part of the “1%” that would be harmed in modern times by a Jubilee year, and they have major political influence, things would have to change for them to be willing to forgive debts.
Some have wondered when the biblical Jubilee year is.
Furthermore, from time to time I receive emails from some who think they know when the jubilee year is, despite the fact that history does not clearly record a particular year that the children of Israel actually observed it. There was, for one example, someone who emailed me and claimed that the 50 year biblical jubilee would begin on October 8, 2011. He was upset that I would not proclaim that as he was convinced that was the year. I told him I did not believe that the jubilee period could have begun then. One of the reasons is that since God has a 6,000 year plan for humankind that should be up within a decade or two and since 6,000 years is divisible by 50, I did not believe that 2011-2012 could possibly have been the year of jubilee.
I have looked at a lot of calculations for the next Jubilee year and am not absolutely certain which is correct. One that is supposedly based upon the reign of King Josiah seems to point to the 2028 or 2027 time period (see The Book of Life and the Feast of Trumpets?), but there are others that point to Hezekiah (2 Kings 19:29-34) that suggest more like a 2050 or 2051, date which seems too distant. Another from the Talmud that leaves over 200 years off of the age of the world, seems to point to 2038, while one related to Ezekiel 40:1 (which the Pulpit commentary says may have been 575 BC) points to 2026 , and one by the Rabbi known as Maimonides seems to point to 2025 (http://www.jewishencyclopedia.com/articles/12967-sabbatical-year-and-jubilee#anchor9).
Here is some information from what seems to be a Protestant source that suggests 2028 as the next Jubilee:
The Bible relates this information about the year of Jubilee.
“Count off seven sabbaths of years—seven times seven years—so that the seven sabbaths of years amount to a period of forty-nine years [seven ‘sevens’]. Then have the trumpet sounded everywhere on the tenth day of the seventh month; on the Day of Atonement sound the trumpet throughout your land. Consecrate the fiftieth year and proclaim liberty throughout the land to all its inhabitants. It shall be a jubilee for you; each one of you is to return to his family property and each to his own clan. The fiftieth year shall be a jubilee for you; do not sow and do not reap what grows of itself or harvest the untended vines. For it is a jubilee and is to be holy for you; eat only what is taken directly from the fields.”
Leviticus 25:8-12
The Bible further states the Jewish year begins in the first month of Nisan, since the time of Exodus, although modern Jews actually begin the civil New Year six months later in the seventh month (Tishrei). So using this understanding, the forty-ninth year (seventh Sabbath) would have started in the month of Nisan and ended just before the month of Nisan the following year. There would have been no planting in that year if they followed God’s laws. God also says not to sow or reap in the year of Jubilee as well, the fiftieth year, so why does He say to wait until the tenth day of the seventh month before the year is proclaimed when the Jews clearly should already be “observing” the Jubilee by not planting crops? We will examine this issue shortly. So a year of Jubilee begins on the first of Nisan, is proclaimed midway through the year on the Day of Atonement, and ends at the start of a new year in the month of Nisan.
Assuming Josephus was correct on this point, the year of Jubilee he reported would probably have been Nisan 1, 3738 A.M. to Adar 29, 3739 A.M. This corresponds to March 28, 23 B.C to March 16, 22 B.C. Projecting these dates 50 years ahead across the B.C. to A.D. threshold gives us March 14, 28 A.D. (Nisan 1, 3788 A.M.) to March 31, 29 A.D. (Adar II 29, 3789 A.M.) as the first year of Jubilee in the year of our Lord (anno domini – A.D.). This period of time partially overlaps the 15th year of the reign of Tiberius Caesar, which ended in August of 29 A.D. If you aspire to do your counting from the first of Tishrei (using that as the beginning of the New Year), then the Jubilee Year would have been September 21, 23 B.C. to September 10, 22 B.C. instead, effectively moving the dates six months into the future. The next Jubilee (28/29 A.D.) using this accounting method would have lined up very close to the 15th year of Tiberius… being off by only three to four weeks longer…
So we see from using more accurate calendar math that the next year of Jubilee from Josephus’ writings was between 28 and 29 A.D. not just 28 A.D. as we originally calculated. If we project this Jubilee year 2,000 years into the future… forty (generations) fifty year periods (Jubilees), we get the first of Tishrei in the year 5789 A.M. This translates into September 21, 2028 A.D. on the Gregorian calendar and the end of that Jewish year using the same calendar is September 9, 2029 A.D. The tenth of Tishrei of this Jubilee year, the Day of Atonement, is September 30, 2028 A.D. as you already know. (Vargo RH. 2028 ~ GOD’S PLAN FOR MANKIND. Chapter 26. ASIN: B00885RJ9Y, 2007. http://webwaydrive.com/2028/Jubilee%20Year%20Revelation.htm; the same conclusion is in R.H. Vargo’s 2009 book: Tribulation: God’s Plan for the End of The Age, p. 16)
I am not certain that 2028 must be the year, but it could be the next Jubiliee. I never accepted Harbinger author Jonathan Kahn’s belief that the Shemitah year was from Trumpets 2014 to Trumpets 2015 nor the view that the Jubilee year began in 2017. But I would add that it is possible that the millennium could start on a year of Jubilee.
Why?
Well, since the Bible teaches “the land shall enjoy its sabbaths” (Leviticus 26:34-35), the jubilee year is considered one of them (in addition to the every seven year land Sabbath of Exodus 23:10-11), and the final Day of the Lord lasts one year (Isaiah 34:8), it is possible that the Day of the Lord or the period immediately after the return of Jesus Christ and the establishment of His kingdom will be the next jubilee year.
But that is speculation.
What is NOT speculation is for me to declare that according to what Jesus taught in Matthew 24 as well as passages in the Book of Daniel that Jesus is NOT going to return in 2017 or 2018 and the ‘Messianic era,’ which some would consider to be the millennium, cannot possibly start this year.
As far as the ‘Jubilee of 2017-2018,’ goes, we made a video which is available at: 2017 Year of Jubilee and the Messianic Age?
As far as debt goes, the Bible shows that debt will be a factor in the destruction of the USA (cf. Habakkuk 2:6-8).
Foreigners who have loaned the USA money will want to be repaid and will not take major default (or its seeming immanency) without taking action.
Some items of possibly related interest may include:
Does God Have a 6,000 Year Plan? What Year Does the 6,000 Years End? Was a 6000 year time allowed for humans to rule followed by a literal thousand year reign of Christ on Earth taught by the early Christians? Does God have 7,000 year plan? What year may the six thousand years of human rule end? When will Jesus return? 2026 or 20xx? There is also a video titled The 6000 Year Plan: Is the end of humanity’s reign almost up? Here is a link to the article in Spanish: ¿Tiene Dios un plan de 6,000 años?
When Will the Great Tribulation Begin? 2018, 2019, or 2020? Can the Great Tribulation begin today? What happens before the Great Tribulation in the “beginning of sorrows”? What happens in the Great Tribulation and the Day of the Lord? Is this the time of the Gentiles? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord? Who are the 144,000? Here is a version of the article in the Spanish language: ¿Puede comenzar la Gran Tribulación en 2018 o 2019? ¿Es el Tiempo de los Gentiles? You can also see the English language sermon videos: The Great Tribulation from the Mount of Olives and Can the Great Tribulation begin before 2020? A shorter video is: Can the Great Tribulation begin in 2018?
The Times of the Gentiles Has there been more than one time of the Gentiles? Are we in it now or in the time of Anglo-America? What will the final time of the Gentiles be like? A related sermon is available and is titled: The Times of the Gentiles.
The Day of Atonement–Its Christian Significance The Jews call it Yom Kippur, Christians “The Day of Atonement.” Does it have any relevance for Christians today? What is the Jubilee? Is fasting healthy? Here is a link to a sermon: Day of Atonement: How Jesus fulfilled His part for the Atonement. Here is a link to a related article in the Spanish language: El Día de Expiación –Su significado cristiano.
Donald Trump in Prophecy Prophecy, Donald Trump? Are there prophecies that Donald Trump may fulfill? Are there any prophecies that he has already helped fulfill? Is a Donald Trump presidency proving to be apocalyptic? Two related videos are available: Donald: ‘Trump of God’ or Apocalyptic? and Donald Trump’s Prophetic Presidency.
Trump Presidency Magic 8 Ball or Bible Prophecy? BBC reported that one might as well use a ‘Magic Eight-Ball’ to try to predict what will happen in the remaining time of Donald Trump’s presidency. What is a ‘Magic Eight-Ball’? Dr. Thiel not only explains that, but also briefly goes over 10 biblically-based warnings he wrote would happen if Donald Trump were elected that have already began to come to pass. He also goes over something he wrote back in 2008 that the Trump presidency is also helping lead to fulfillment. Should you trust Bible prophecy or not? Dr. Thiel says that Bible prophecy can be trusted, despite the view of skeptics and others that either overlook or despise the Bible. This is a video.
Donald Trump and America’s Apocalypse This 188 page book is for people truly interested in prophecies related to Donald Trump and the United States, including learning about several that have already been fulfilled and those that will be fulfilled in the future. The physical book can be purchased at Amazon for $12.99 from the following link: Donald Trump and America’s Apocalypse.
Donald Trump and America’s Apocalypse-Kindle Edition This electronic version of the 188 page print edition is available for only US$3.99. And you do not need an actual Kindle device to read it. Why? Amazon will allow you to download it to almost any device: Please click HERE to download one of Amazon s Free Reader Apps. After you go to for your free Kindle reader and then go to Donald Trump and America’s Apocalypse-Kindle Edition.
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