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Thread: rollingjubilee.org $701k Funds Raised $31M Debts Cancelled

  1. #1

    Default rollingjubilee.org $701k Funds Raised $31M Debts Cancelled

    http://rollingjubilee.org/

    A bailout of the people by the people

    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. Our latest project The Debt Collective aims to build collective power to challenge the way we finance and access basic necessities such as housing, medical care and education. Join us as we imagine and create a new world based on the common good, not Wall Street profits.

    Learn more.

    Principles of Solidarity

    Adopted by consensus of the Strike Debt NYC general meeting of January 6, 2013

    Strike Debt is building a debt resistance movement. We believe that most individual debt is illegitimate and unjust. Most of us fall into debt because we are increasingly deprived of the means to acquire the basic necessities of life: education, health care, and housing. Because we are forced to go into debt simply in order to live, we think it is right and moral to resist it.

    We also oppose debt because it is an instrument of exploitation and political domination. Debt is used to discipline us, deepen existing inequalities, and reinforce gendered, racial,and other social hierarchies. Every Strike Debt action is designed to weaken the institutions that seek to divide us and benefit from our division. As an alternative to this predatory system, Strike Debt advocates a just and sustainable economy, based on common goods, mutual aid, and public affluence.[]

    Strike Debt holds that we are all debtors, whether or not we have personal loan agreements. Through the manipulation of sovereign and municipal debt, the costs of speculator-driven crises are passed on to all of us. Though different kinds of debt can affect the same household, they are all interconnected, and so all household debtors have a common interest in resisting.

    Strike Debt engages in public education about the debt-system to counteract the self-serving myth that finance is too complicated for laypersons to understand. In particular, it urges direct action as a way of stopping the damage caused by the creditor class and their enablers among elected government officials. Direct action empowers those who participate in challenging the debt-system.

    Strike Debt holds that we owe the financial institutions nothing, whereas, to our communities, families, and friends we owe everything. In pursuing a long-term strategy for national organizing around this principle, we pledge international solidarity with the growing global movement against debt and austerity.
    http://strikedebt.org/principles/


    Last edited by presence; 03-04-2017 at 03:00 PM.

    'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988

    Awareness is the Root of Liberation Revolution is Action upon Revelation

    'Resistance and Disobedience in Economic Activity is the Most Moral Human Action Possible' - SEK3

    Flectere si nequeo superos, Acheronta movebo.

    ...the familiar ritual of institutional self-absolution...
    ...for protecting them, by mock trial, from punishment...




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  3. #2

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    SYSTEM QUICKLY CORRUPTS TO DISSOLVE NON-RANDOM DEBT HELD BY THE WELL CONNECTED

  4. #3

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    Quote Originally Posted by BUTSRSLY View Post
    SYSTEM QUICKLY CORRUPTS


    I wonder if smart contracts / blockchain tech could be leveraged for an effort like this.

    'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988

    Awareness is the Root of Liberation Revolution is Action upon Revelation

    'Resistance and Disobedience in Economic Activity is the Most Moral Human Action Possible' - SEK3

    Flectere si nequeo superos, Acheronta movebo.

    ...the familiar ritual of institutional self-absolution...
    ...for protecting them, by mock trial, from punishment...


  5. #4

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    Quote Originally Posted by BUTSRSLY View Post
    SYSTEM QUICKLY CORRUPTS TO DISSOLVE NON-RANDOM DEBT HELD BY THE WELL CONNECTED
    TRUE , IF I AM NOT RUNNING IT , IT IS MOST CERTAINLY SUSPECT .

  6. #5

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    Quote Originally Posted by presence View Post
    I wonder if smart contracts / blockchain tech could be leveraged for an effort like this.
    COMPUTERS CANNOT GENERATE TRUE RANDOM

  7. #6

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    Anytime they talk about "We" I grow wary. And "the common good" means my wallet is going to get lighter.

    I think it's nice what they're doing, but I spy mission creep.
    * Enforce Border Security – America should be guarding her own borders and enforcing her own laws instead of policing the world and implementing UN mandates.

    * No Amnesty - The Obama Administration’s endorsement of so-called “Comprehensive Immigration Reform,” granting amnesty to millions of illegal immigrants, will only encourage more law-breaking.

    * Abolish the Welfare State – Taxpayers cannot continue to pay the high costs to sustain this powerful incentive for illegal immigration. As Milton Friedman famously said, you can’t have open borders and a welfare state.

    * End Birthright Citizenship – As long as illegal immigrants know their children born here will be granted U.S. citizenship, we’ll never be able to control our immigration problem.




    Reprinted from http://www.ronpaul2012.com/the-issues/immigration/ [Nov. 29, 2011]

  8. #7

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    I see no mention of the Fed anywhere, and all I see is "We want everything to be free"

    It's an offshoot of the Occupy movement

  9. #8

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    I don't understand what they do. End the fed, end the source of debt.

  10. #9

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    I support people helping people I think this is what this might be or trying to be.

  11. #10

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    http://rollingjubilee.org/

    http://rollingjubilee.org/#faq


    How Does Rolling Jubilee Work?
    Banks sell debt for pennies on the dollar on a shadowy speculative market of debt buyers who then turn around and try to collect the full amount from debtors. The Rolling Jubilee intervenes by buying debt, keeping it out of the hands of collectors, and then abolishing it. We’re going into this market not to make a profit but to help each other out and highlight how the predatory debt system affects our families and communities. Think of it as a bailout of the 99% by the 99%.

    Can you abolish my debt?
    There is no way to seek out a specific person and buy that person’s defaulted debt. With 15% of Americans currently being pursued by a debt collector, looking for one person’s debt would be like looking for a needle in a haystack. Anonymous accounts are bundled together and sold as a whole. Before purchasing debt, there is only limited information as to whose debt we are buying. These peculiarities are part of the scandal that we are trying to highlight.

    What is Strike Debt?
    Strike Debt is an offshoot of Occupy Wall Street. First started in New York City, but inspired by movements around the globe, Strike Debt now has affiliates across the country. We believe people should not go into debt for basic necessities like education, healthcare and housing. Strike Debt initiatives like the Debt Resistors’ Operations Manual offer advice to all kinds of debtors about how to escape debt and how to join a growing collective resistance to the debt system. Our network has the goal of building a broad movement, with more effective ways of resisting debt, and with the ultimate goal of creating an alternative economy that benefits us all and not just the 1%.






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