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To: Elroy Jetson who wrote (134484)	6/10/2010 4:19:45 PM
From: ChanceIs	2 Recommendations Read Replies (1) \| Respond to of 206325

>>>How large of an income-tax surcharge are you willing to pay to fund the taxpayer bail-out of BP?<<< Hmmmmm. How to put this..... Way back in Biblical times, every so often they would have the "Jubilee," which might be thought of as a global cancellation of debt. On hears this concept being recalled more and more frequently. It might have stemmed from the notion that every so often things got into such a mess that you had to do a system reboot. It was great if you were a borrow and sucked if you were a lender. But maybe...just maybe..if you had money to lend and consulted a calendar, you would be increasingly circumspect about lending as the Jubilee approached. This concept is of course lost on Wall Street, despite Trinity Church anchoring the west end. What irony. I am suggesting that if we drive BP into the ground - which it may very well deserve - it would end up costing us more in the long run. Or maybe BP is like Greece. Sure they owe the money, but just try to collect. Remember how we tried to collect from Germany post WWI. Bail out BP??? Hell no. Drive it into the ground?? Hell no, as well. In the bigger picture, on a global scale, I think that we may be staring the mother of all Jubilees in the kisser. ____________ Debt Cancellation: Biblical Norm, Not Exception By Tim Atwater The Jubilee campaignís origins are linked with the Biblical Year of Jubilee, outlined in Leviticus 25-26, a magnificent and widely ignored text which calls for periodic complete overhaul of the economy. In the Jubilee, there is release for those enslaved because of debts, a Sabbath rest for land and people, redistribution of lands lost because of debt, and a reordering of prices for land and labor based on proximity to the next Jubilee. Leviticus 25 never even explicitly mentions debt--but the Jubilee is all about debt cancellation, restored community, and freedom from debt bondage. The Jubilee cycle of release builds on the Sabbath Year debt release and rest cycle outlined in Deuteronomy 15 and Exodus 21:2 and 23:10-11, building from an every seventh year rest and release to a super-release in the fiftieth year. It was no accident that rebels against colonial authority chose a line from Lev. 25:10 "Proclaim liberty throughout all the land, unto all the inhabitants thereof...." as the inscription for their liberty bell. more..... jubileeusa.org

To: Elroy Jetson who wrote (134484)	6/10/2010 4:25:53 PM
From: ChanceIs	Read Replies (3) \| Respond to of 206325

Florida AG Demands $2.5 Billion In Escrow From BP Submitted by Tyler Durden on 06/10/2010 15:52 -0400 Florida AG Bill McCollum has officially escalated the BP fiasco to the next level. In a post on his website today, McCollum announces that he has "sent a letter to BP asking the company to deposit no less than $2.5 billion into an interest-earning escrow account so Florida can be assured of its availability to the state and its citizens and businesses over the long-term recovery period." And now that BP is perceived as the surrogate replacement of the "all free lunch all you can eat" US government, McCollum concludes: “Based on recent estimates from an economist, Florida could ultimately see losses as great as $2.2 billion, as well as a sharp decline in employment in the industries directly impacted by the Deepwater Horizon oil spill. As Florida braces for what will likely be a staggering blow to its economy with significant impacts to our state’s workforce and the revenues of the state and local governments, it is essential that BP establish immediately a dedicated escrow account solely for the purpose of paying claims and damages to Florida and its citizens.” In other news, the Florida economy is strong and vibrant according to the Beige book.