What Is The Rolling Jubilee?
Videos For An Earth In Transition – http://www.earth-heal.com/index.php/videos.html 
By JG Vibes
theintelhub.com
Occupy Wall Street is raising money so they can buy up debt at random and pay it off, in a brilliant campaign of radical agorism.
Members of Occupy Wall Street have recently started an effort called “Rolling Jubilee” and the stated mission on their website is to: “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.”
According to an article in the UK Telegraph:
“The Rolling Jubilee project is seeking donations to help it buy-up distressed debts, including student loans and outstanding medical bills, and then wipe the slate clean by writing them off. Individuals or companies can buy distressed debt from lenders at knock-down prices if it the borrower is in default or behind with payments and are then free to do with it as they see fit, including cancelling it free of charge.
As a test run the group spent $500 on distressed debt, buying $14,000 worth of outstanding loans and pardoning the debtors. They are now looking to expand their experiment nationwide and are asking people to donate money to the cause.”
www.rollingjubilee.org www.strikedebt.org
We need a jubilee, a clean slate, a cancellation of debt for the 99%. The Rolling Jubilee raises money to buy debt. But instead of collecting on the debt we buy, we’re going to abolish it. It’s time for a bailout of the people, by the people.
2012-11-10 23:22:45
Source: http://www.earth-heal.com/index.php/videos/viewvideo/985/what-is-the-rolling-jubilee.html
Source:
