Rolling Jubilee: Campaign to Buy Debt, Then Abolish It

Rolling Jubilee an intriguing campaign to raise funds to buy debt, with the intention of abolishing the debt rather than collecting it (video). The Jubilee kicks off with a fundraising telethon, The People’s Bailout, on November 15. The campaign is part of Strike Debt, a debt resistance movement that is an offshoot of the Occupy movement.

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.