Such a sudden seizure of the economy as we have witnessed with the COVID-19 pandemic requires immediate outside the box thinking. Instead of piecemeal solutions that pit one segment of the population against another, such as a rent freeze, student loan forgiveness, grants, etc., we need a bold comprehensive initiative. I am calling for an immediate Universal Debt Jubilee to reset the economy. It is long overdue. This is not a new concept. In fact, it can be found in the ancient book of Leviticus 25:10;
“And you shall sanctify the fiftieth year, and proclaim freedom [for slaves] throughout the land for all who live on it. It shall be a Jubilee for you, and you shall return, each man to his property, and you shall return, each man to his family.”
According to the Chabad organization, “In early April of year 2020 Jubilee year 120 will begin; which will be year 6000 from creation. The whole year 6000 will be holy; the first year of the next Sabbatical year will be year 6001 or from early April of 2021 through early April 2022.”
I believe that nothing short of a total global economic reset will work. We cannot afford to allow ourselves to descend into the chaos of global depression. Therefore, I am calling for the immediate declaration of 2020 as a Year of Jubilee for all of the inhabitants of the Planet Earth.