Rolling Jubilee is 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.

To quote their website:

“Together we can liberate debtors at random through a campaign of mutual support, good will, and collective refusal. Debt resistance is just the beginning. Join us as we imagine and create a new world based on the common good, not Wall Street profits.”

Since announcing themselves in November, Rolling Jubilee has raised over half a million dollars! to eradicate over $11 million of debt.  This really shows what the people can do when we take matters into our own hands.  It also makes it clear that the banks could easily reduce people’s debt without losing any profits, or probably make more profit, but they won’t do it.

BAAQUP was inspired by this brilliant initiative, and since our goal is to inspire others by letting you know about the projects that inspire us, we decided to give RJ a shout out.  When we started working on the design, the amount of debt they had erased was under $5 million; by the time we were ready to install it (and our production timeline is pretty short), they had already doubled it!  Hence, we updated it by hand.  These have been installed in Berkeley and San Francisco.

Your donation of $50 to RJ can eliminate $1,000 of debt for someone who is suffering.  Could even be someone you know!  Visit their website to learn more and see how you can help.


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