I am impressed.
Rolling Jubilee set up by Occupy’s Strike Debt group following the street protests that swept the world in 2011, launched on 15 November 2012. The group purchases personal debt cheaply from banks before “abolishing” it, freeing individuals from their bills.
By purchasing the debt at knockdown prices the group has managed to free $14,734,569.87 of personal debt, mainly medical debt, spending only $400,000.
[snip]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.
We also oppose debt because it is an instrument of exploitation and political domination.
There is a manual, to help.
Nice…
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The only reason debt exists is to maintain a divide.
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