Occupy offshoot ‘Strike Debt’ launches a bailout for the 99%

For Immediate Release: November 15, 2012
 

Strike Debt, an offshoot of Occupy Wall Street, is launching the Rolling Jubilee–a project that buys debt for pennies on the dollar, but instead of collecting it, abolishes it. The project has already drawn national attention to the crippling burden of debt on the average household, the 99%.

The launch of the Rolling Jubilee — a sold out telethon called the “People’s Bailout”– featuring musicians and comedians will be held at  Le Poisson Rouge in NYC. Live stream is available (embed code below), and local NYC viewing party at Church of the Village (201 W 13th St) is open to everyone. Telethon viewing parties are organized in over 30 cities across the country.

The event is to raise additional funds to buy defaulted debt. This is an effort to turn the tables against Wall Street and bring collective power to debt resistance. Debtors are liberated at random through a campaign of mutual support, good will, and collective refusal. The  Rolling Jubilee is just the first step toward lifting the crushing debt burden and remaking the economic system so that no one has to go into debt for basic necessities.
So far there has been enough raised $180,000 which should enable the purchase and cancellation of roughly $3.5 million of debt. There has already been a successful debt buy which abolished $100,000 in medical debt.
Follow @StrikeDebt @RollingJubilee and #PeoplesBailout on twitter

Over three-quarters of American households are in debt and one of out every seven American is being pursued by a debt collector. $26,000 is the average level of student debt in this country. 25% of homeowners are underwater in their mortgage. Debt is everywhere.

You likely have questions. How does this work? Has this been done before? Whose debt will be forgiven? We have Frequently Asked Questions and are happy to connect you with one of the many Strike Debt organizers behind the Rolling Jubilee to answer any other questions. Please contact us at 347-292-1444 or email press@occupywallst.org

There are big plans for the future, stay tuned.

EMBED for LIVESTREAM:
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align:center;width:560px”>Watch <a href=”http://www.livestream.com/?utm_source=lsplayer&utm_medium=embed&utm_campaign=footerlinks” title=”live streaming video”>live streaming video</a> from <a href=”http://www.livestream.com/lepoissonrouge?utm_source=lsplayer&utm_medium=embed&amp;utm_campaign=footerlinks” title=”Watch lepoissonrouge at livestream.com“>lepoissonrouge</a> at livestream.com</div>
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Occupy Sandy Relief Efforts

Right now, all over the city, Occupy Wall Street activists, allies at community based organizations such as the Red Hook Initiative, Yana Community Center (Rockaways), and GOLES (LES), organizations like 350.org and recovers.org, and tireless volunteers are establishing hubs to coordinate volunteers and distribute much needed supplies to the neighborhoods devastated by Hurricane Sandy. This upsurge of people power is called Occupy Sandy, a dedicated relief effort by the 99% for the 99%.

Occupy Sandy’s information hub (http://interoccupy.net/occupysandy/) is  source for constant updates on volunteer and supply needs, drop off locations, ride share opportunities, sharing food, water, medical and psychological care, clothes, flashlights, clean-up capacity, (and even entertainment), for people without power.

Here are some opportunities to capture relief efforts in action and interview community organizers:
*St. Jacobi Church, 5406 4th Ave, Sunset Park. Work crews sent out around the borough around 10am. Contact: Michael Premo 917-547-1292
*Yana Community Center, Far Rockaways, B113 and Rockaway Blvd. Meals served 10am, 1pm and 5pm. This is a hyper local effort at a newly opened community center.
*GOLES, 169 Ave. B between 10th and 11th. Work crews out between 12-6pm. Contact: Laura Gottesdiener 617-519-5659
(Need to charge your equipment? There are always the Occupy Wall Street bike generators on Avenue C between 9th and 10th Street!) If you are interested in connecting with the hardest hit residents from Red Hook to the Rockaways to Chinatown, let us know and we’ll point you in the right direction.

Check the Occupy Wall Street Sandy Relief page for up-to-the-minute volunteer updates.
Check occupywallstreet.net for individual testimonies from the hardest hit areas.

Sandy hit rich and poor alike, flooding Wall Street bank lobbies, mangling mansions in the Rockaways and stranding the elderly in Chinatown projects. But in America’s most economically stratified city, marginalized communities are experiencing vastly different access to relief than the top 1%. If you have questions or want to talk to organizers on the ground, please reach out and we’ll point you in the right direction.

Thanks,
OWS PR Team
Contact: 347-292-1444 | press@occupywallst.org | @occupywallstpr