Is the totalitarian globalist siren song of debt forgiveness becoming stronger?

The forgiveness of all debt aka a Jubilee, has a long history.  Some of the biggest write offs can be found here.
Currently, many nations have reached deficit levels that cannot be sustained and are collapsing under the onerous  weight. Could cancellation of all debt be a way out?
Financial pundits  warn  of the consequences of such an action. Others label such an occurrence improbable and completely outlandish.
However, MSM is backing the Liberal push to forgive the nearly $1.4 trillion student debt.  Perhaps the possibility of such a move is not so outlandish after all.

 Could/Should Jubilee Debt Cancellations be Reintroduced Today?
The idea of annulling debts nowadays seems so unthinkable that most economists and many theologians doubt whether the Jubilee Year could have been applied in practice, and indeed on a regular basis. A widespread impression is that the Mosaic debt jubilee was a utopian ideal. However, Assyriologists have traced it to a long tradition of Near Eastern proclamations. That tradition is documented as soon as written inscriptions have been found – in Sumer, starting in the mid-third millennium BC.
Instead of causing economic crises, these debt jubilees preserved stability in nearly all Near Eastern societies. Economic polarization, bondage and collapse occurred when such clean slates stopped being proclaimed. more

New World Order Mouthpiece Warns We Are On Verge of Greatest Debt Jubilee In History
“Alarm bells have been ringing over the explosion of corporate debt levels in emerging economies, which now exceed $25 trillion … Damaging deflationary spirals cannot be ruled out”.
This grim assessment comes from an article posted at Telegraph.co.uk, that quotes a recent annual UN “Conference on Trade and Development” report. The article is entitled, “UN fears third leg of the global financial crisis – with prospect of epic debt defaults,”

The writer’s name is Ambrose Evans-Pritchard and he’s one of Britain's most prominent journalists, known for his hard-hitting reporting. He's also the editor of the International Business section of the Daily Telegraph.

Here's how it begins:

The third leg of the world's intractable depression is yet to come. If trade economists at the United Nations are right, the next traumatic episode may entail the greatest debt jubilee in history. It may also prove to be the definitive crisis of globalized capitalism, the demise of the liberal free-market orthodoxies promoted for almost forty years by the Bretton Woods institutions, the OECD, and the Davos fraternity.

Alarm bells have been ringing over the explosion of corporate debt levels in emerging economies, which now exceed $25 trillion. “Damaging deflationary spirals cannot be ruled out,” said the annual report of the UN Conference on Trade and Development (UNCTAD).

Notice the phrase, “greatest debt jubilee in history.” more

Millions of Americans will soon be calling for “redistribution”… with the young violently taking from the old.    A major jubilee is coming to America soon…
 Lots of people will be excited about this once-in-50-years event. The crowds will cheer. And politicians will promise new and better prosperity.

But what will happen is really a national nightmare.

If you’ve never heard of the concept of a national jubilee, read this carefully… and skeptically. I need your feedback about these ideas. (Please send us a note to the e-mail address at the end of this article).

You see, I fear we may be among the only people in America who know what’s about to happen… and why it can’t be stopped...

Millions of Americans will soon be calling for it. Some violently. The young, the poor, and the ignorant will all rally for the jubilee. They will, in effect, start piling up stones.

And the person who is going to be ritually killed? That will be us.

Economies collapse when debt-service costs grow faster than income for a long time – usually 50 years or more. These aren’t normal default cycles. These are far different… These are debt-fueled revolutions.

What happens is that debt builds and builds. Once debt-service costs start growing faster than the economy, then the total debt is never reduced. Sooner or later, debt begins to grow geometrically, far faster than income. And then… it simply can’t be managed. That’s when the crisis hits.

These debt revolutions are characterized by the inability of the debt burden to be reduced in “normal” ways. In a normal cycle, deleveraging reduces debt burdens. And this happens through some combination of reduced spending (to pay off debt), defaults (where assets are redistributed among creditors), and increases to the money supply (to prevent a deflationary spiral and stoke economic growth).  more

Porter Stansberry  writes, It will "reset" the American financial system in ways you can't imagine—and it will be a national nightmare...(following comment mine:admittedly he is hawking his new book on how o survive, but that does not change the truth of what he is saying should events take this turn.)
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....

London School of Economics Professor David Graeber says: "we are long overdue for some kind of Biblical-style Jubilee... it would relieve so much genuine human suffering."

The national affairs correspondent for The Nation says we should: "Think Jubilee, American Style... because it combines a sense of social justice with old-fashioned common sense."...

 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." (emphasis mine)

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.  (emphasis mine)

So what does a Jubilee look like in the real world... how will it unfold in America... and what will it mean for you, your money, and your retirement?  more

Many do realize the danger that world wide national debt presents. Americans in particular are becoming wary.  We are indeed slaves to the present system.
Is a globalist solution of forgiveness the only way out?  It is not looking good.
The elites have the perfect totalitarian tool and will use it when the time is right.

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