From Andrew Ross:

 Strike Debt, our Occupy coalition, is launching its Rolling Jubilee project on November 15th with a variety show telethon called The People’s Bailout. We are going to buy up distressed debt for pennies on the dollar, just like the debt collectors do. Instead of collecting on the debt, we are going to abolish it, and provide relief to the debtors. A successful test run this week has already eliminated a substantial amount of people’s debt. Our initial goal is to raise $50,000, which will allow us to abolish more than one million dollars worth of debt. 100% of donations will go to buying debt. If we raise more, we’ll buy more debt. Donations can be made online at  A short video explains the project here.

Tickets are still available here for the Peoples Bailout telethon at Le Poisson Rouge, though they are selling fast on account of the all-star lineup, which includes Jeff Mangum of Neutral Milk Hotel, Lee Ranaldo of Sonic Youth, Guy Picciotto of Fugazi, Tunde Adebimpe of TV on the Radio, comedian Janeane Garofalo, and Daily Show co-creator Lizz Winstead, plus some special surprise guests …

The main show will be broadcast live at

Our first project, if you missed it, is the Debt Resistors Operations Manual, which was launched on September 17th, and can be downloaded here. It offers all kinds of useful advice (including from industry insiders) about how to escape debt. 10,000 copies were printed, and have already become collectors’ items. It is being translated into several languages.

You Are Not a Loan

2 Comments to “The Rolling Jubilee will set us free—from debt!”

  • Michael Hudson on the History of Debt

    MH in the Classroom
    November 5, 2012
    By Michael

    Michael Hudson’s talk at the joint seminar on “Modern Monetary Theory” and “Monetary Circuit Theory” held at the Fields Institute on Tuesday July 3rd.

    Outlining his model at Canada’s Fields Institute, the world’s leading mathematical institute. At the meeting with Steve Keen, Stephanie Kelton,Nathan Tankus et al.

  • We are all for it! people helping people that are down and still being oppressed by the powers that WERE. We can and will take our power back, we, the humans were not made to be living like this. Im excited to see this; people WAKING UP and taking their power back. BRAVO! Martin Luther King would be proud. THIS IS OUR TIME TO SHINE. Enough of the manipulation and oppression, that is soooo 2012 and a new tide is coming in. A new era for us all. Lets stick together and not let anything divide us for we are all one when it boils down to it. WE are not the bad guys, THEY are. Remember that.

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