This isn’t for the little people, of course. A further $12 billion is owed to multilateral lenders, mainly the World Bank, Le Maire said, urging such lenders to join the debt relief initiative. World citizens would consider one a sugar-daddy who offered to forgive and eliminate their debts. 2:11–12) that God sends all those “who did not believe the truth but had pleasure in unrighteousness”. But in truth, you will be on earth for the seven-year tribulation! The region even breezed through the global recession of 2009. • Debt or credit which cannot be paid back is never an asset; it is always a liability. Whatever the name you give to the process - erasure, repudiation, abolishment, cancellation, jubilee - debt forgiveness will eventually have to emerge at the forefront of global efforts to solve the ongoing systemic financial crisis. I can’t impress on you enough the fact that the run-up to the beginning of the last seven years of this age is filled with satanic blinders and the conditioning of people who will, for lack of loving God’s truth and biblical knowledge, be led as it were to the slaughter! Opinions expressed by Forbes Contributors are their own. Alluringly the Great Reset of 2021 will further condition the masses to Satan’s end-game. I write about business and investing in emerging markets. Dear Wall Street and London: President of Argentina Alberto Fernandez and Vice President of ... [+] Argentina Cristina Fernandez are not going to make you a priority. In the past, debt forgiveness helped people escape thousands of dollars of debt, walking away scot-free. 48 This approach recognizes that … A global pandemic will be used by Argentina as the perfect excuse to default. Which, for Argentina isn’t even a crisis, but could become one as the fall and winter months set in. As part of the Great Reset, the International Monetary Fund (IMF) will allegedly wipe out all participants’ debt, provided that “citizens will have to forfeit ownership of any and all private property, accept a universal basic income, and enroll in the covid-19 and covid-21 vaccination schedule”. (Photo by Manuel Velasquez/Getty Images). The Great Reset of 2021 is arriving even before people are recovered from the outrageous effects of the COVID-19 lockdowns, social distancing and mask-wearing. © 2020 Forbes Media LLC. Sean Hagan, ex-general counsel for the IMF, is urging bondholders to consider debt forbearance for emerging market countries (hola, Argentina!) If the alleged Biden corruption were disclosed prior to President Trump’s unjust impeachment, there would likely have been no impeachment proceedings. The campaign calls for cancellation of debts owed by the world's poorest countries. The International Monetary Fund (IMF), alongside World Bank and G20, has made an unprecedented decision to cancel all debts owed by 111 countries effective May 1, 2020. Global debt has reached an all-time high of $184 trillion in nominal terms, the equivalent of 225 percent of GDP in 2017. Jubilee Debt Campaign is the UK's campaigning successor to Jubilee 2000, comprising much of the UK's original Jubilee 2000 membership, while Jubilee Scotland campaigns north of the border. If its lenders forgive them now, in a time of a global pandemic, other countries will ask for the same treatment. 24:29–31). The one country that is out ahead of this is Argentina. The day before the official commencement of the Spring Meetings, the IMF’s Executive Board has decided to cancel debt owed by countries that were already subject to significant debts before the onset of the coronavirus … When debt is fraudulent, debt forgiveness is both the logical and the only remedy for the situation. 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