The Occupy Wall Street movement has sustained many offshoots, including the high-level wonkery of Occupy the SEC and the direct-action foreclosure defense of Occupy Our Homes. Now another offshoot will attempt an innovative solution to the private debt crisis, which has been welling up in America for decades.

This campaign began back in September with Strike Debt, which started with activists handing out 5,000 copies of what they called the “Debt Resistor’s Operations Manual,” a guide for debtors on how to navigate the often-sleazy world of debt collection and credit reports and bankruptcy processes. Providing this knowledge gave power to those drowning in debt on how to resist.

It’s an intriguing question: why can’t central banks around the world, practically all of whom have bought up sovereign debt, just cancel it?

Countries would get more headroom on their debts, inflation would rise but not necessarily at an unmanageable rate. It would have the effect of hitting the reset button.