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Debt is the tie that binds the 99%

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.


For years, all kinds of communities have been facing down a debt crisis that has stretched their resources and made them especially vulnerable to sudden shocks. 76% of American households are in debt, and 15% are being pursued by a debt collector. People shouldn’t have to go into debt for basic necessities like groceries, healthcare and education. Though the banks got bailed out, the people are still waiting for their turn.

On October 18th, Occupy NOLA held a Debt Strike action in solidarity with the International Student Movement’s Global Day of Action to Reclaim Education.

We’re currently planning a Debt Assembly (date TBA) to share information from The Debt Resistors’ Operations Manual “This manual—written by an anonymous collective of resistors, defaulters, and allies from Strike Debt and Occupy Wall Street—aims to provide specific tactics for understanding and fighting against the debt system. You’ll find detailed strategies and resources for dealing with credit card, medical, student, housing and municipal debt. Also included are tactics for navigating the pitfalls of personal bankruptcy, and information to help protect yourself from predatory lenders. Recognizing that individually we can only do so much to resist the system of debt, the manual also introduces ideas for those who have made the decision to take collective action.”

On Thursday November 15, the New Orleans venue Chickie Wah Wah will be hosting a benefit for the Occupy Movement’s Rolling Jubilee Telethon.

The politically vocal folkie Michelle Shocked and surprise guests will perform here in New Orleans. Alison Fensterstock of NOLA.com provides the details!

  • What: The folk rocker sings, tells jokes and raises funds for the Rolling Jubilee, an Occupy-affiliated effort to reduce individual medical debt in the United States.
  • When: 8-11 p.m. Thursday, Nov. 15.
  • Where: Chickie Wah Wah, 2828 Canal St.
  • Tickets: $20 in advance, $25 at the door.

This event will support the Rolling Jubilee, an ingenious way to buy debt for pennies on the dollar, and abolish it. The Rolling Jubilee is designed to scale up, but it needs donations to do so. Each contribution goes a long way — $5 can abolish about $100 worth of debt. For $50,000, we can eliminate around 1 million dollars in debt. Think of that: together we abolish 1 million dollars of debt, and that’s just the start.

This telethon & variety show in New York [http://www.lepoissonrouge.com/lpr_events/peoples-bailout/], will feature some remarkable artists, including Jeff Mangum of Neutral Milk Hotel, Lee Ranaldo of Sonic Youth, Guy Picciotto of Fugazi, Tunde Adebimpe of TV on the Radio, plus some special surprise guests. Most of all, it features, you, the people.

This Rolling Jubilee Telethon provides an excellent opportunity to learn more about the People’s Bailout, as the 99% are pushed closer to the edge of the Fiscal Cliff.

From Occupy The Stage member’s Debt Burn statement:
To the financial institutions of the world, we have only one thing to say: we owe you NOTHING!

To our friends, families, our communities, to humanity and to the natural world that makes our lives possible, we owe you everything.

To the people of the world, we say: join the resistance, you have nothing to lose but your debts.

We look forward to building a campaign that will ensure people who face real-world crises won’t have their problems compounded by debt.

Abolishing debt, not adding to it, is our goal. This is the beginning of a movement.

Yours in Debt,
Occupy NOLA

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