The idea of a jubilee year goes back more than two thousand years and is well chronicled in ancient texts. It occurs at regular periods, traditionally every five decades. The fiftieth year was referred to in Hebrew as Yovel, the culmination of seven Shemitah cycles, or cycles of release. It is also known as a debt jubilee. Common belief has it that while the Shemitah is still observed, the Yovel or Jubilee is not.
During the jubilee year, there is a complete or partial erasing of all debts owed by the people. In ancient times, this meant the return of property, particularly land, to the original owners. It included the liberation of slaves from their Earth-born owners.
In effect, by calling a jubilee the books were balanced. A jubilee can
During the jubilee year, there is a complete or partial erasing of all debts owed by the people. In ancient times, this meant the return of property, particularly land, to the original owners. It included the liberation of slaves from their Earth-born owners.
In effect, by calling a jubilee the books were balanced. A jubilee can