The Rolling Jubilee

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My daughter and her trolls called me insane when they saw pics of me dressed as Uncle Samaclaus at the second OCCUPY meeting in Eugene claiming I was a prophet of the Jubilee Jesus whose message began the Jewish and Roman War when abolitionist rebels burned the debt archives. ‘The Lord’s Prayer’ is based on the Jubilee Revolution that was sweeping the Roman world.

Uncle Samaclaus sought Helpers, and tried to enlist Beautiful Belle Burch who will look like a rosy-cheeked Aunt Samaclaus when she turns sixty-five. Belle and her friends tried to throw me off a cliff, too, which is the fulfillment of a prophecy that has to do with the Jubilee Scapegoat. I am not a Christian, but a Nazarite, a Jew. I am not promoting any religion, for this is it! Practice what you preach. This practice will put an end to Christian-right that has taken over the party founded by my Abolitionist kindred.

I have seen the future! It is now! The Go’el Redeemer has come down to earth after being held hostage in the fake heaven of  Satan Saul-Paul.

Uncle Samaclaus

In accordance with the Levitical Law given to Moses; “during the Feast of Tabernacles”, on “the Day of Atonement”, a “Jubilee” was proclaimed, where all of the debts of the Israelites were canceled, all of the Israelites who had become enslaved were set free, and all of the land belonging to the Israelites was returned to its rightful Israelite owner.

Isaiah 61:1-2 (NIV) The Spirit of the Sovereign LORD is on me, because the LORD has anointed me to preach good news to the poor. He has sent me to bind up the brokenhearted, to proclaim freedom for the captives and release from darkness for the prisoners, 2 to proclaim the year of the Lord’s favor and the day of vengeance of our God, to comfort all who mourn,

https://rosamondpress.com/2011/09/21/the-jubilee-jesus/

http://rollingjubilee.org/transparency/

http://rollingjubilee.org/

https://rosamondpress.com/2012/11/14/throwing-jesus-off-a-cliff-2/

https://rosamondpress.com/2012/09/20/throwing-jon-off-a-cliff/

https://rosamondpress.com/2013/03/07/church-of-the-way/

https://rosamondpress.com/2012/02/23/book-of-barnabas-found/

What is Strike Debt?
Strike Debt is an offshoot of Occupy Wall Street. First started in New York City, but inspired by movements around the globe, Strike Debt now has affiliates across the country. We believe people should not go into debt for basic necessities like education, healthcare and housing. Strike Debt initiatives like the Debt Resistors’ Operations Manual offer advice to all kinds of debtors about how to escape debt and how to join a growing collective resistance to the debt system. Our network has the goal of building a broad movement, with more effective ways of resisting debt, and with the ultimate goal of creating an alternative economy that benefits us all and not just the 1%.
Can you abolish my debt?
There is no way to seek out a specific person and buy that person’s defaulted debt. With 15% of Americans currently being pursued by a debt collector, looking for one person’s debt would be like looking for a needle in a haystack. Anonymous accounts are bundled together and sold as a whole. Before purchasing debt, there is only limited information as to whose debt we are buying. These peculiarities are part of the scandal that we are trying to highlight.
Will the Rolling Jubilee have to file a 1099-C Cancellation of Debt form with the IRS?
No. The Rolling Jubilee will earn no income from the lending of money and is therefore exempt from filing a Form 1099-C under the Internal Revenue Code Section 6050P.
Is this legal?
Yes! What should actually surprise everyone is the fact that it is legal to trade in people’s misfortune. As part of the deregulation of the finance industry, the government made it legal to buy and sell charged-off debt.
Will a gift from Rolling Jubilee create a tax burden for debtors?
The Rolling Jubilee was created in consultation with a team of attorneys. They have thoroughly researched the tax implications and do not believe that beneficiaries are obligated to pay taxes on debts the Rolling Jubilee abolishes in this manner. It is the Rolling Jubilee’s position that it is making a tax-free gift to the people whose debt it is abolishing. See strikedebt.org/taxanalyst for an interview about Rolling Jubilee with the USA’s top-ranked tax lawyer.
What is a jubilee?
Jubilee comes from many faith traditions including Judaism, Christianity and Islam. A jubilee is an event in which all debts are canceled and all those in bondage are set free. It worked in Biblical times and it can still work today. For example, a kind of jubilee happened in Iceland after the 2008 economic crisis: instead of bailing out their banks, Iceland canceled a percentage of mortgage debt. What these examples show is that debts are just a promise which can – and should – be renegotiated or canceled when the circumstances warrant. Strike Debt believes that now is the time for a jubilee for the 99%.
How Does Rolling Jubilee Work?
Banks sell debt for pennies on the dollar on a shadowy speculative market of debt buyers who then turn around and try to collect the full amount from debtors. The Rolling Jubilee intervenes by buying debt, keeping it out of the hands of collectors, and then abolishing it. We’re going into this market not to make a profit but to help each other out and highlight how the predatory debt system affects our families and communities. Think of it as a bailout of the 99% by the 99%.
Are my contributions tax-deductible?
No. The Rolling Jubilee Fund is a non-profit 501c4 (“an organization whose primary activity is the promotion of social welfare”), not a charity. Your contributions will not count as a deduction against your personal income tax.
Can Rolling Jubilee abolish student debt?
Student debt has surpassed $1 trillion partly because it is one of the most protected forms of debt by federal law. Student debtors can rarely discharge their loans in bankruptcy and lenders have rights to garnish wages and social security payments. The vast majority of student loans have these federal guarantees. We cannot buy these loans because there is no secondary market. However, we believe it may be possible to buy private tuition debt of some sort that is not guaranteed by the federal government; Rolling Jubilee may attempt to purchase this kind of debt after doing further research.

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