The Torah commanded Israel to proclaim a Jubilee every 50th year (Leviticus 25): debts cancelled, land restored, slaves freed, and the land itself given rest. Yet history shows no full Jubilee ever being kept. At best there were half-hearted attempts, and at worst the commands were ignored completely. The prophets remind us that when the people failed, the land was left to “enjoy its Sabbaths” while they were cast into exile (2 Chronicles 36:21). ...
“Proclaim liberty throughout the land to all its inhabitants.” — Leviticus 25:10 TL;DR (for the watchmen) The modern U.S. economy runs on credit: bank lending creates most of the money supply, with interest claims that pressure the system toward perpetual expansion. Asset prices—especially houses—float on debt availability, not just on the cost of wood and labor, because appraisal standards key off comparables (sales of similar, debt-financed homes). Institutional buying of homes is rising: in 2021, investors purchased 24% of all U.S. single‑family home sales—up notably from 15–16% a decade earlier. The state taxes inflation in multiple ways (e.g., capital gains on nominal increases; bracket creep and unindexed thresholds). The biblical Jubilee is not a metaphor; it is a hard reset: release of debts, return of land, rest for the land. America is at its 250th year—five cycles of fifty. The choice is the same as ancient Israel’s: obey reset or face judgment. 1) Debt as the Operating System In the U.S., commercial banks don’t merely shuffle existing savings to borrowers; they create new deposit money when they extend loans. That means the money supply expands with credit—and the system must either keep rolling over and expanding debt or absorb painful contractions when credit tightens (Bank of England, Money creation in the modern economy, 2014). ...