Latest topics
» De- Regulating of Human Medicine and Animal Medicine these people are Criminals
Today at 3:18 pm by Consciousness Of Economic

» Carrying Stones & Digging Holes Radio Show September 15, 2018
Today at 3:08 pm by Consciousness Of Economic

» POOFness for SEPT 16: SINGIN' IN THE RAIN - SO LET THE DONATIONS POUR DOWN ON ME!
Today at 1:22 pm by 4-truth

» New Michael Tellinger Some of the Strangest Discoveries Ever Made on Ancient Origins
Today at 9:43 am by PurpleSkyz

» Rock Hunter Discovers Unusual Glowing Florescent Rocks Called “Yooperlites”
Today at 9:37 am by PurpleSkyz

» Unexplained Google Earth discovery in Utah
Today at 9:29 am by PurpleSkyz

» #Q Anon - Q - Pain - Lynch Talking plus more
Today at 9:27 am by PurpleSkyz

» UFO News ~ UFOs Sighted Over Toronto, Canada plus MORE
Today at 9:23 am by PurpleSkyz

» BOOM! Trump Declassifies Fisa Documents!
Today at 9:18 am by PurpleSkyz

» NIBIRU News ~ WORLD WIDE footages of NIBIRU PLANETX incoming binary system worldwide sighting plus MORE
Today at 9:16 am by PurpleSkyz

» Harvest Moon Rising - The Most Beautiful Full Moon of the Year Coming Next Week
Today at 9:11 am by PurpleSkyz

» The Spider’s Web: Britain’s Second Empire
Today at 9:07 am by PurpleSkyz

» Flynn's Plea Deal will SHOCK You!!
Today at 12:14 am by Serena1

» A Message To and From Th3 Ḧḭṽḕ Collective
Today at 12:13 am by PurpleSkyz

» Strange Series of Anomalies Stretching Across Pacific Ocean
Today at 12:04 am by PurpleSkyz

» Bad-clown Rising - TO EACH HIS OWN
Today at 12:00 am by PurpleSkyz

» FADE TO BLACK w/ Linda Moulton Howe : The National Solar Observatory
Yesterday at 10:19 pm by PurpleSkyz

» The Queen Found Guilty by Anna von Reitz
Yesterday at 8:18 pm by MartyM

» The GoldFish Report No. 271- Week 87 POTUS Report w/The Fetz: Army of Digital Soldiers
Yesterday at 7:30 pm by PurpleSkyz

» Hiker Death 30 Miles from Sunspot Observatory
Yesterday at 7:27 pm by PurpleSkyz

»  ( BREAKING NEWS ) GEORGE BUSH SNR SERVED INDICMENT
Yesterday at 7:19 pm by PurpleSkyz

» UPDATES - Solar Observatory in New Mexico Is Reopening After Sudden Shutdown and Evacuation plus more
Yesterday at 7:12 pm by PurpleSkyz

CLICK THE SUBSCRIBE BUTTON BELOW TO RECEIVE OUR DAILY NEWSLETTER

A 2ND EMAIL COMPLETES THE ACTIVATION PROCESS




CLICK THE PURPLE BUTTON TO VIEW OUR LATEST POSTS



You are not connected. Please login or register

Out Of Mind » FEEL GOOD ~ BODY & MIND » AMAZING PEOPLE, PLACES & THINGS » Common Dreams – Rolling Jubilee : Over $5 Million Of Debt Erased, And Counting – 16 November 2012

Common Dreams – Rolling Jubilee : Over $5 Million Of Debt Erased, And Counting – 16 November 2012

Go down  Message [Page 1 of 1]

PurpleSkyz

avatar
Admin
Common Dreams – Rolling Jubilee : Over $5 Million Of Debt Erased, And Counting – 16 November 2012





Posted on November 16, 2012 by lucas2012infos | Leave a comment



Successful kickoff for ‘People’s Bailout’ campaign


- Common Dreams staff


Last night’s star-studded “People’s Bailout” was hailed as a
successful kickoff for the Rolling Jubilee campaign to erase distressed
debt. As the confetti cleared, organizers Strike Debt thanked supporters, announcing that the campaign has already raised over $280,000, enough to abolish $5 million of debt.


TV on the Radio performed at Thursday’s Rolling Jubilee, which has
raised enough money to abolish over $5mm of distressed debt. (Photo by
@tylerzang) Thursday’s three-hour event—part telethon, part variety
show—was held at the Manhattan club Le Poisson Rouge and featured
performances by comedians Janeane Garofalo and Daily Show co-creator
Lizz Winstead, along with musical performances by members of Sonic Youth
and TV on the Radio.

Conceived as a “bailout of the people, by the people,” the campaign’s
strategy is to raise money to buy distressed consumer debt from banks
and credit card companies, who usually sell it for pennies on the dollar
to collection agencies. Then—rather than hound debtors for payment—the
debt will simply be forgiven. “Together we can liberate debtors at
random through a campaign of mutual support, good will, and collective
refusal,” Strike Debt writes on their website.

The solution is both simple and symbolic, said event organizer Astra Taylor:

We’ve always seen the Rolling Jubilee as a means, not an end. We know we’re not going to buy $11 trillion worth of debt.

The amazing thing about this action is that it’s both symbolic and
real in equal measure. There is the aspect of helping these debtors — we
are truly making an impact on the individual level — but that’s just a
drop in the ocean of debt we are existing in. But it’s also eye-opening
because so many people are unaware that there’s a secondary market of
debt.

“That’s a really Trojan horse move,” Fugazi’s Guy Picciotto, who performed as the night’s final act, told New York Magazine. “And that’s pretty badass.”

www.commondreams.org link to original article


Thanks to: http://lucas2012infos.wordpress.com



  

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum