A bailout of the people by the people.
We buy debt for pennies on the dollar, but instead of collecting it, we abolish it. We cannot buy specific individuals' debt - instead, we help liberate debtors at random through a campaign of mutual support, good will, and collective refusal.
The Jubilee begins November 15
with "The People's Bailout," a variety show and telethon in NYC.
All proceeds will go directly to buying people's debt and cancelling it.
This looks like a brilliant idea. The promotion of it is a bit strange, though:
Tell these celebrities to support the People's Bailout. Select one of the following celebrities:
and one of them is none other than the Fourteenth Dalai Lama. Celebrity culture...