Occupy Wall Street Rolls Out Plan That Claims It’s Paying Off Consumer Debt But Is It?

Steve Dibert, MFI-Miami

OWS organizers are hatching another Pie-In-The-Sky idea that sounds like a scam.

The plan is called “Rolling Jubilee” and it basically calls for people to donate money to an organization called, Strike Debt to in order to pay off other people’s debts for pennies on the dollar.  This sounds so warm and fuzzy that you just want to embrace it and not let go.  That is until you go to Strike Debt‘s website and read the fine print.   The plan gets kind of fuzzy because according to Strike Debt’s website,

“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.”

Assuming their plan is legitimate it sounds like it was concocted by hippie teacher Mr. Van Driessen from Beavis and Butthead because its based more on uber-liberal idealism, speculation and assumptions.

Call me cynic but it doesn’t sound like OWS wants your money to actually help people, they want your money so they can pay themselves to sit in a circle and sing songs like Lesbian Seagull to make themselves feel that they are making a difference in the world.  After all, the Trotskyist elements of the the AFL-CIO  that were funding their protests and giving organizers a stipend have cut off funding.  If you still think Rolling Jubilee is a great idea, ask yourself what did the OWS movement really accomplish other than show that Millennials have poor skills when it comes to personal hygiene.

What people don’t understand is that OWS, like the Tea Party and the Florida Foreclosure Activist Groups were all started by people with deep pockets and an agenda and have used people as pawns for their agenda.  As these groups begin to slide into obscurity, you have a few true believers who can’t let go and will do whatever it takes to avoid going back to their normal lives.