Indeed, with many times more debt than there is money in the world to pay off 300 trillion, a debt jubilee would be great. The problem with the jubilee is that it leaves the debt-for-money system in place to continue crooked system of institutionalized usury; the abuse of monetary authority for personal gain. The better solution is for the nations to reclaim their national sovereign right to issue their own debt-free money and reclaim their resources for the general welfare. To protect the (value thereof) purchasing power of the money parity pricing of raw materials where they enter the economy and a partiy tarriff between nations to ensure trade is fair. Income will replace debt.