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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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