Four thousand years ago, the rulers of ancient Babylon discovered a technique to stave off violent revolts.

In ancient times, people often became hopelessly indebted to their creditors. As debts mounted, social unrest would boil over, threatening the stability of the entire ruling system.

The rulers of the ancient world understood this dangerous dynamic.

Their solution was radical yet effective: enact widespread debt cancellation—a debt jubilee.

Debt jubilees acted as societal pressure release valves when no other options remained.

The practice spread throughout the ancient world and became codified in various civilizations.

For instance, the Book of Leviticus formalizes debt jubilees as the conclusion of a 49-year biblical cycle—seven cycles of seven years.

I believe this ancient practice is poised for a major comeback as government, corporate, and personal debt levels today have reached unsustainable heights.

The social, political, and investment implications will be profound.

Debt Jubilees: Redistribution, Not Wealth Creation

It's important to note that debt jubilees do not create new wealth—they simply redistribute it.

Debt jubilees are government decrees that trigger massive wealth transfers, creating big winners and losers.