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Forum Post: History: How many Times have Congress/ Presidents Been indebted to Washington DC Banks, TBTF Banks, Banking Corruption?

Posted 2 years ago on March 20, 2012, 2:47 a.m. EST by Middleaged (5140)
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Clearly, there has been many times that the US Government is "beholden and betrothed to US or foreign banks".

DVD from walmart: I'm watching Sam Elliot in "Gone To Texas" and half-way through he argues with President Andrew Jackson about payment to the North American Indians. Sam Houston (Sam Elliot) argues for gold payment as promised. Obviously there is a "gold standard in place in the USA". President Andrew Jackson responds that there is a long line of people who want their gold from the US Government including the Washington Banks.

Clearly, there has been many times that the US Government is "beholden and betrothed to US or foreign banks".

Question: Is it ethical, proper, and principled to have this influence of US and Foreign banks over our US Congress? Do we want to allow and encourange the influence of foreign or TBTF Banks on our Federal and Local Governments when there is an alternative? The alternative is to print and issue money from the US Treasury based on the full backing of the government Vice the forced loans from the Federal Reserve. We can issue money and create money without "Loans or Bonds sold to banks". In fact we can create money without paying anyone back anything according to Modern Monetary Theory (MMT).

According to MMT:

1) Government Spending is Good.
2) Austerity is Bad.
3) Cutting Government Spending causes unemployment and the loss of jobs.
4) There is good Government Spending.
5) The Money Supply is controlled by monitoring the population and making sure there is enough money flowing in the country/system to allow people to spend and allow businesses to be created and grow.
6) It is Fascist to cut off the money to small businesses and to allow big "Too Big Too Fail Banks" to increase their monopoly.

History: How many Times have Congress Been indebted to New York Banks, Washington DC Banks, TBTF Banks, Wall Street Banks, Banking Influence, Banking Corruption, Government Corruption?

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