Perhaps, the more important wisdom to distill is what to do about this. I’ll let you decide whether you choose to trust this or not, but Craig Hill suggests that another purge could occur within short season. These moments occurred a few times in our nation’s history, including notable years like 1857, 1873, 1929, and most recently 2008.
This debt purge accomplishes the same three outcomes, but with severe penalty and consequences (debt is cancelled through foreclosure/default debt slaves are freed through bankruptcy properties revert to original owners through repossession).
What happens when you don’t have a year of Jubilee? You have a debt purge, however, this debt purge isn’t fair or just, as it would’ve been in the Biblical command of jubilee. Essentially, that year was a debt purge mechanism. In Leviticus 25 of the Bible, every 50 years was to be a year of Jubilee where all debt was to be cancelled or forgiven all slaves were freed and all property was given back to the original owner. He argues that economic cycles extend all the way back to the Bible, and specifically the Year of Jubilee. However, I will present to you an interesting note from Craig Hill about economic cycles. So, I will not even pretend or attempt to actually suggest any timing on the stock market. I’m not a financial forecaster, nor did I stay at a Holiday Inn Express last night. What is today’s secret? Anticipating economic cycles. Today’s secret might be the hardest to distill, but I’ll give it a shot. You’ll definitely want to read about that or risk missing-out on an important part of secret #3. I recommend you purchase this book for a better understanding of each of the secrets, and specifically because in yesterday’s post, there’s a second part to the third secret I did not blog about.
All week, I’ve been distilling wisdom from the best book I’ve read on wealth and financial management, Five Wealth Secrets by Craig Hill.
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