5 chapters across the catalog
Democrats have proposed a $220 billion bill to cancel all medical debt in the United States, a move described as a "debt jubilee." Rumors also suggest potential legislation that would place the federal government in charge of all medical care for children. Additionally, a major hospital system operating in 19 states has reportedly been targeted by a significant cyberattack.
Debt Ceiling, Ben Bernanke and Economic Collapse Theory
Treasury Secretary Tim Geithner's proposal to eliminate the debt ceiling is discussed as a dangerous policy that would allow for unlimited money printing. The hosts argue that the U.S. is heading toward a collapse similar to 1929, but suggest that bankruptcy should be viewed as a form of "jubilee" that allows for a clean slate. They criticize the 2008 bank bailouts for preventing a natural market correction.
Rolling Jubilee, Debt Cancellation and Occupy Wall Street
The "Rolling Jubilee" movement, an offshoot of Occupy Wall Street, aims to buy up distressed personal debt and abolish it. The hosts critique the movement's promotional materials and its association with figures like Janeane Garofalo, despite finding the core concept of a debt jubilee interesting.
A producer's donation sparks a discussion on the biblical concept of a "Debt Jubilee" from the Book of Leviticus, which suggests forgiving debts every 50 years. The hosts speculate that Mitt Romney could win the 2012 election by promising a debt jubilee instead of further quantitative easing for banks. They contrast this with their own support for third-party candidate Gary Johnson.
Year of Jubilee, Debt Forgiveness and T-Shirt Designs
The biblical concept of the "Year of Jubilee" from the Book of Leviticus is proposed as a solution to the economic crisis, involving the universal pardon of all debts every 50 years. The hosts also discuss upcoming show merchandise, including "Kripes" and "Battery of the New World Order" t-shirts.
