Rolling Jubilee: Project to Buy Debt for Pennies on the Dollar and Then Erase It

Posted on Nov 11, 2012 in Constitutional & Liberty Issues, Economic News, Federal Reserve & Bankers, Social Networking

Kevin Hayden –

Source: Rolling Jubilee & Strike Debt

We buy debt for pennies on the dollar, but instead of collecting it, we abolish it. We cannot buy specific individuals’ debt—instead, we help liberate debtors at random through a campaign of mutual support, good will, and collective refusal.

Hayden’s Note:

I take no position on the Occupy Wall Street movement. That being said, I found this project to be interesting and certainly worthy of sharing.  Groups like this can really change the paradigm and are offering solid solutions that I can jive with. 

We’re beginning this effort with The People’s Bailout, a variety show and telethon in NYC on November 15. All proceeds will go directly to buying people’s debt and cancelling it.

A bailout of the people by the people.

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