Debt Resistance! The People’s Bailout, AKA the Rolling Jubilee

The Rolling Jubilee project and the Strike Debt initiative aim to leverage the debt collection system as a tool for direct action and mutual aid. We buy defaulted debt for pennies on the dollar, just as debt collectors would, but instead of attempting to collect it, we abolish it. For every dollar of defaulted debt we buy, $20 of debt will be abolished. This program launches on Thursday November 15th with a live “telethon” event in NYC – The People’s Bailout – where the goal is to raise $50,000, every … Continued

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