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Fulford: Give Everyone $1,000,000…

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It is time for a jubilee: forgive all debt, free all prisoners and give everyone a $million

Our ancestors, over thousands of years of communal existence, developed customs we have forgotten but need to remember. Right now, for example, many countries, especially the US, could do with a jubilee. It would involve eliminating all debts and freeing all prisoners in a one-time reboot of society. In ancient Israel it also meant land redistribution. If the US carried out asset redistribution along the lines of the ancient land redistribution, it would create a boom of unprecedented proportions. If you take just the $17 trillion or so the Feds have printed and handed over to the banks since September of 2008, that alone would be enough to give every man woman and child in America a $53,000 check. If you took all the assets in America and divided them evenly there would be millions of dollars for every man woman and child in the country. This would not be communism because it would be a one off thing. Even better, in order to avoid punishing hard-working entrepreneurs who created real businesses, you would only need to take assets earned illegally and immorally by the financial industry. It would still leave enough to make every American a millionaire.

That would be real change.

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