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Series | Student Debt Slavery: Bankrolling Financiers on the Backs of the Young, Part 1

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Students graduating at the University of Alabama in Tuscaloosa in 2011. (Butch Dill / AP)

The exponential rise in college costs occurred only after the government got into the student loan business in a big way.

Ellen Brown, Truthdig

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Dec 26, 2017 | The advantages of slavery by debt over “chattel” slavery—ownership of humans as a property right—were set out in an infamous document called the Hazard Circular, reportedly circulated by British banking interests among their American banking counterparts during the American Civil War. It read in part:

"Slavery is likely to be abolished by the war power and chattel slavery destroyed. This, I and my European friends are glad of, for slavery is but the owning of labor and carries with it the care of the laborers, while the European plan, led by England, is that capital shall control labor by controlling wages."

http://evergreenedigest.org/sites/default/files/Ellen%20Brown.jpgEllen Brown is an attorney, chairman of the Public Banking Institute, and author of twelve books including "Web of Debt" and "The Public Bank Solution."

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How Corporate Power Killed Democracy

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Photo: by Beverly & Pack | CC BY 2.0

Corporate Power is the Fusion of the Corporation and the State

Richard Moser, counterpunch.org / Popular Resistance 

Submitted by Evergreene Digest Contributing Editor John Stoltenberg 

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December 8th, 2017 | The rise of Corporate Power was the fall of democracy.  Over the long haul, US politics has revolved around a deep tension between democracy and an unrelenting drive for plunder, power and empire. Granted that our democracy has been seriously flawed and only rarely revolutionary, yet the democratic movements are the source of every good thing America has ever stood for.

Since the mid-1970s, when the corporations fused with the state, a new imperial order emerged that killed what remained of representative democracy. Not only would corporations exercise public authority as only government once had, but government would coordinate and serve corporate activity. Power and profits became one and the same. Corporate power has replaced democracy with oligarchy and justice with a vast militarized penal system. Instead of innovative production, they plunder people and planet.

Richard Moser writes at befreedom.co where this article first appeared.

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The Consolidation of Media and Finance: Why the Media Are Lying to You

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  • Here is the chart on media ownership: note the interlocking companies who own the five big media plus Google and Facebook— and why it matters.
  • Related: The New York Time’s Assault on Press Freedom

Sue Ann Martinson, Rise Up Times

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October 30, 2017 |

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Here is the chart on media ownership: note the interlocking companies who own the five big media plus Google and Facebook— and why it matters.

Sue Ann Martinson, Editor, Rise Up Times: Media for Justice and Peace; News, information, stories, commentary, videos and perceptive views on current events, actions, and media issues and links to calendars of Twin City Peace and Justice events.

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Related:

The New York Time’s Assault on Press Freedom, Daniel Lazare, Consortium News 


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  • The New York Times, which once postured as the champion of a free press, now is seeking crackdowns on news that the public gets from the Internet under the guise of combatting “Russian propaganda.”
  • Related: Special Report | A Free and Open Internet: The Latest from the Frontlines, Week Ending October 28, 2017

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How to Wipe Out Puerto Rico's Debt Without Hurting Bondholders

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Hurricane Irma hits Puerto Rico

Shifting the debt burden of bankrupt institutions onto the books of the central bank is not a new or radical idea. UK Prof. Richard Werner, who invented the term "quantitative easing" when he was advising the Japanese in the 1990s, says there is ample precedent for it. In 2012, he proposed a similar solution to the European banking crisis, citing three successful historical examples.

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We have a unique problem. A large dedicated audience that is averse to supporting the project. While there may be reasons, good and bad, the net effect is a constant headache for everyone.

To expect that 1% of the subscribers would respond to the funding appeals seems like a modest aspiration.

We are going to have to find a way to raise the level of participation. You apparently rely on Evergreene Digest, and we clearly rely on you.

Need to find a way to make this work.

Dave & the Crew


Evergreene Digest

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Ellen Brown, Public Banking Institute / OpEdNews

10/15/2017 | During his visit to hurricane-stricken Puerto Rico, President Donald Trump shocked the bond market when he told Geraldo Rivera of Fox News that he was going to wipe out the island's bond debt. He said on October 3rd:

"You know they owe a lot of money to your friends on Wall Street. We're gonna have to wipe that out. That's gonna have to be -- you know, you can say goodbye to that. I don't know if it's Goldman Sachs but whoever it is, you can wave good-bye to that."

Ellen Brown is an attorney, founder of the Public Banking Institute, and author of twelve books including the best-selling Web of Debt.

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