"This 50th year is sacred — it is a time of freedom and of celebration when everyone will receive back their original property, and slaves will return home to their families," — Leviticus 25:10
The Bible had an answer to "Fiscal Cliffs" it was called "The Jubilee." The circular reality of the debt issue in human economics and the predatory nature of greed, require a radical expression of unmerited grace.
Forgiveness is a truth we all need to experience in life, relationally and even economically.
A nonprofit called 'Rolling Jubilee' is hijacking the banking industry's 'buying debt' practice and simply liberating people, instead of becoming their new debtor.
"What is a jubilee?
Jubilee comes from many faith traditions including Judaism, Christianity and Islam. A jubilee is an event in which all debts are canceled and all those in bondage are set free. It worked in Biblical times and it can still work today. For example, a kind of jubilee happened in Iceland after the 2008 economic crisis: instead of bailing out their banks, Iceland canceled a percentage of mortgage debt. What these examples show is that debts are just a promise which can—- and should — be renegotiated or canceled when the circumstances warrant. Strike Debt believes that now is the time for a jubilee for the 99 percent."
(Read more on their site about the alarming statistics of the rising predatory lending schemes and our irresponsible debt accumulation).
This 'Strike Debt' plan represents a radical, biblical-like protest against the powers that reflects the gospel in all its 'temple table turning' zeal. It's the kind of thinking that reveals the dangerous underbelly of the Bible and it's way of life that produces a clash between Christ & Caesar.
Maybe 'the cliff' is actually the way forward towards realizing a greater experience of biblical justice in our communities?