Strike Debt!

You are not a loan.

Strike Debt is a nationwide movement of debt resisters fighting for economic justice and democratic freedom.

Debt is a tie that binds the 99%. With stagnant wages, systemic unemployment, and public service cuts, we are forced to go into debt for the basic things in life — and thus surrender our futures to the banks. Debt is major source of profit and power for Wall Street that works to keep us isolated, ashamed, and afraid. Using direct action, research, education, and the arts, we are coming together to challenge this illegitimate system while imagining and creating alternatives. We want an economy in which our debts are to our friends, families, and communities — and not to the 1%.

The Debt Resisters' Operations Manual

Available Now

The Debt Resisters’ Operations Manual
Available in print and on the web

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Get Involved

Visit a Strike Debt Event

Strike Debt Events February 12, 2016
February 12, 2016 · Mehrsa Baradaran signs HOW THE OTHER HALF BANKS

7:00 pm – 9:00 pm

Green Arcade Books, 1680 Market Street, San Francisco

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Writer and lawyer Mehrsa Baradaran will be at Laurel Bookstore to read from her new book How the Other Half Banks and talk about credit inequality in modern American banking.

The United States has two separate banking systems today—one serving the well-to-do and another exploiting everyone else. How the Other Half Banks contributes to the growing conversation on American inequality by highlighting one of its prime causes: unequal credit. Mehrsa Baradaran examines how a significant portion of the population, deserted by banks, is forced to wander through a Wild West of payday lenders and check-cashing services to cover emergency expenses and pay for necessities—all thanks to deregulation that began in the 1970s and continues decades later.

Corporate megabanks with trillions of dollars in assets believe, with some evidence, that they can run the government and control how money works in the lives of people and the budgets of local governments. Baradaran explains how banks and governments have always been in complex relationships with each other; governments need banks to provide money services to people, and banks need governments for protection against economic fluctuations and to provide credit on favorable terms. But in the 21st century, American banks in particular have shed their social contract with the American people and the U.S. government, demanding to be treated as a private industry while enjoying all the benefits of a public service industry.

Baradaran proposes a solution: reenlisting the U.S. Post Office in its historic function of providing bank services. The post office played an important but largely forgotten role in the creation of American democracy, and it could be deployed again to level the field of financial opportunity.

Mehrsa Baradaran is Associate Professor at the University of Georgia School of Law.

Strike Debt Events February 13, 2016
February 13, 2016 · Mehrsa Baradaran signs HOW THE OTHER HALF BANKS

6:00 pm – 8:00 pm

Laurel Book Store, 1423 Broadway, Oakland, CA, United States

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Writer and lawyer Mehrsa Baradaran will be at Laurel Bookstore to read from her new book How the Other Half Banks and talk about credit inequality in modern American banking.

The United States has two separate banking systems today—one serving the well-to-do and another exploiting everyone else. How the Other Half Banks contributes to the growing conversation on American inequality by highlighting one of its prime causes: unequal credit. Mehrsa Baradaran examines how a significant portion of the population, deserted by banks, is forced to wander through a Wild West of payday lenders and check-cashing services to cover emergency expenses and pay for necessities—all thanks to deregulation that began in the 1970s and continues decades later.

Corporate megabanks with trillions of dollars in assets believe, with some evidence, that they can run the government and control how money works in the lives of people and the budgets of local governments. Baradaran explains how banks and governments have always been in complex relationships with each other; governments need banks to provide money services to people, and banks need governments for protection against economic fluctuations and to provide credit on favorable terms. But in the 21st century, American banks in particular have shed their social contract with the American people and the U.S. government, demanding to be treated as a private industry while enjoying all the benefits of a public service industry.

Baradaran proposes a solution: reenlisting the U.S. Post Office in its historic function of providing bank services. The post office played an important but largely forgotten role in the creation of American democracy, and it could be deployed again to level the field of financial opportunity.

Mehrsa Baradaran is Associate Professor at the University of Georgia School of Law.

Strike Debt Events February 27, 2016
February 27, 2016 · Strike Debt Portland General Meeting

2:30 pm – 4:00 pm

Social Justice Action Center, 400 SE 12th Ave, Portland, OR 97214, United States

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Strike Debt Portland general meetings are 4th Saturdays of every month. We meet in SE Portland and we encourage all from the metro area to attend our public meetings. All times are in PST. Check out our group page on Facebook! https://www.facebook.com/groups/strike.debt.rolling.jubilee.pdx/

Strike Debt Events March 26, 2016
March 26, 2016 · Strike Debt Portland General Meeting

2:30 pm – 4:00 pm

Social Justice Action Center, 400 SE 12th Ave, Portland, OR 97214, United States

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Strike Debt Portland general meetings are 4th Saturdays of every month. We meet in SE Portland and we encourage all from the metro area to attend our public meetings. All times are in PST. Check out our group page on Facebook! https://www.facebook.com/groups/strike.debt.rolling.jubilee.pdx/

Strike Debt Events April 23, 2016
April 23, 2016 · Strike Debt Portland General Meeting

2:30 pm – 4:00 pm

Social Justice Action Center, 400 SE 12th Ave, Portland, OR 97214, United States

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Strike Debt Portland general meetings are 4th Saturdays of every month. We meet in SE Portland and we encourage all from the metro area to attend our public meetings. All times are in PST. Check out our group page on Facebook! https://www.facebook.com/groups/strike.debt.rolling.jubilee.pdx/

Strike Debt Events May 28, 2016
May 28, 2016 · Strike Debt Portland General Meeting

2:30 pm – 4:00 pm

Social Justice Action Center, 400 SE 12th Ave, Portland, OR 97214, United States

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Strike Debt Portland general meetings are 4th Saturdays of every month. We meet in SE Portland and we encourage all from the metro area to attend our public meetings. All times are in PST. Check out our group page on Facebook! https://www.facebook.com/groups/strike.debt.rolling.jubilee.pdx/

Current Initiatives

The Rolling Jubilee

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. All proceeds go directly to buying and canceling people's debt.

The Debt Resisters’ Operations Manual

Written by a network of activists, writers, and academics, The Debt Resisters’ Operations Manual reveals how the predatory debt system works to increase inequality, undermine democracy, and ruin lives. It provides detailed strategies for fighting common forms of debt and lays out an expansive vision for a societal movement of debt resistance. The full text of the manual is available for free.

The Strike Debt Organizing Kit

Want to build your own Strike Debt chapter? Here's how. The information and advice in this kit can be used by Strike Debt affiliates, or by existing groups who would like to affiliate because they have shared goals. It is a living document, which means it will be revised periodically to reflect the experience and input of new affiliates.

Blog

Solidarity with Greece and with the Truth Commission on Greek Debt

Don’t Owe, Won’t Pay! Strike Debt is in solidarity with the Commission For The Truth About Greek Debt and its audit of the of the country’s debt.  In Europe as in the United States, the time has come to put an end to the debt system that serves the interests of private banks and a corrupted political …

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