Rolling Jubilee Campaign: Buys Debt and Then Abolishes It @StrikeDebt

#Money

Tue, Nov 13th, 2012 12:00 by capnasty NEWS

The Rolling Jubilee campaign, an offshoot of the Occupy Movement, buys "debt for pennies on the dollar" from banks and then, rather than sending out collectors, simply abolishes. This means that for every $1 donated, $20 of debt vanish.

Rolling Jubilee is a Strike Debt project that buys debt for pennies on the dollar, but instead of collecting it, abolishes it. Together we can liberate debtors at random through a campaign of mutual support, good will, and collective refusal. Debt resistance is just the beginning. Join us as we imagine and create a new world based on the common good, not Wall Street profits.

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