Trump Promises Jubilee Debt Relief

[Based Chad]

Year of Jubilee Explained- A Call For Spiritual and Debt Forgiveness​

Josh Biblical Perspective
The concept of the Year of Jubilee, rooted in ancient biblical law, offers a unique lesson about debt and financial freedom. In today’s world, where debt is a growing burden for many, exploring the Jubilee year offers valuable insights and inspiration for modern debt relief practices.

Understanding the Year of Jubilee​

The Year of Jubilee, introduced in Leviticus 25, marks a powerful biblical tradition of liberation and restoration. Every 50 years, the Israelites celebrated this sacred time by forgiving debts, freeing slaves, and returning land to its original owners. This practice actively corrected economic inequalities, offering families a fresh start without the heavy burden of debt.

The Year of Jubilee-​

8 “Count off seven sabbath years—seven times seven years—so that the seven sabbath years amount to a period of forty-nine years. 9 Then have the trumpet sounded everywhere on the tenth day of the seventh month; on the Day of Atonement sound the trumpet throughout your land. 10 Consecrate the fiftieth year and proclaim liberty throughout the land to all its inhabitants. It shall be a jubilee for you; each of you is to return to your family property and to your own clan. 11 The fiftieth year shall be a jubilee for you; do not sow and do not reap what grows of itself or harvest the untended vines. 12 For it is a jubilee and is to be holy for you; eat only what is taken directly from the fields. 13 “In this Year of Jubilee everyone is to return to their own property.” Leviticus 25:8-13, NIV

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Biblical References and Historical Context​

Leviticus 25:8-13 highlights the Year of Jubilee as a profound expression of liberty and equality. The trumpet blast on the Day of Atonement signaled a fresh start, reminding the Israelites to realign their lives with God’s principles of justice and compassion. Jubilee prevented the concentration of wealth and power by mandating debt forgiveness, land restoration, and freedom for the enslaved. This practice promoted a balanced society where everyone had the opportunity to thrive.

 

[Based Chad]

Jubilee USA Network

Jubilee USA Network

www.jubileeusa.org

ecember 24, 2024
Vatican City – On Christmas Eve and Christmas day, Pope Francis begins the Jubilee 2025 Year and opens 5 Jubilee Doors. In June with a special address and recently for the World Day of Peace message, Francis laid out the themes for the Jubilee Year as debt cancellation for developing countries and reforms to the international financial system, including a new international bankruptcy process for countries.

“Most countries are dealing with debt and financial crises,” noted Eric LeCompte the Executive Director of Jubilee USA Network, a United Nations finance expert and an advisor to the Vatican and Catholic Bishops on debt and economic issues. “Pope Francis is calling for global debt relief and changes to the international financial system to protect the poor and our planet.”

This month, the World Bank reported that developing country debt payments reached almost $1 trillion, double the amount they were a decade ago.

Around the world, faith leaders and religious organizations of multiple denominations, together with development groups, plan to lift debt relief as the primary campaign objective in more than 160 countries.

“Historically, debt relief has been the most successful campaign of the Church,” shared LeCompte. "Debt relief and new processes to address poverty are essential for moving forward an economy that serves everyone."