Photo credit: Flickr user Maria GB2D

For those who think the Occupy movement has gone away, here’s exciting news from a tumblr of an Occupy activist:

Now OWS is launching theAi??ROLLING JUBILEE, a program that has been in development for months. OWS is going to start buying distressed debt (medical bills, student loans, etc.) in order to forgive it.Ai??As a test run, we spent $500, which bought $14,000 of distressed debt. We then ERASED THAT DEBT.Ai??(If youai??i??re a debt broker, once you own someoneai??i??s debt you can do whatever you want with it ai??i?? traditionally, you hound debtors to their grave trying to collect. Weai??i??re playing a different game. A MORE AWESOME GAME.)

This is a simple, powerful way to help folks in need ai??i??Ai??to free them from heavy debt loads so they can focus on being productive, happy and healthy.Ai??As you can see from our test run, the return on investment approachesAi??30:1. Thatai??i??s a crazy bargain!

Now, after many consultations with attorneys, the IRS, and our moles in the debt-brokerage world,Ai??we are ready to take the Rolling Jubilee program LIVE and NATIONWIDE, buying debt in communities that have been struggling during the recession.

The “Rolling Jubilee” program starts on November 15th. Occupy activists have set up a website for it here.