How can the world move forward without a debt jubilee?



The country has been closed for roughly a month. This led to mass unemployment, businesses closing, economy tanking. How could anyone ever catch up on bills after 45 days of no paycheck? Most of us live week to week.

Even after the economy opens its going to be a little bit before people become re employed. Nobody is ever going to catch back up on these debts. If the American people all fall behind on debt payments the banks go under anyways. Either they do a jubilee, or go bankrupt.

If everybody stopped paying what could they do about it? Take all the homes? Ruin all our credit? The Banks cant survive without us paying them. Its a symbiotic relationship. No bail out would save any bank from mass non payment.