The bankers are but one part of the ruling polyarchy of the USA. Firstly, the fact that no candidate—good or otherwise—is considered by the corporate media to be viable without the substantial investment of private political capital in his campaign ensures that those with the most money have the most representation in government. This plutonomy (as named by a CitiBank memo) is described as democracy in the USA, where the concepts of democracy and market forces are conflated by much of the corporate media consuming public.

Secondly, the fact that banks create money from nothing ensures that they can buy the representatives best able to support their money creation privilege at the expense of, and to the disadvantage of, those who are constrained by law to provide value (in terms of goods and services) in exchange for the money they earn. Banks do not create anything of value when they create their money from nothing; their creation of money merely creates debt to themselves and claims on value created by others. Banks are privileged by law to do what counterfeiters can only dream of.

This is only the expected consequence of the senate (and all other branches) legitimizing the private ownership of the bank’s money-creation privilege and the bank’s private ownership of the senate that legitimizes this private issuance of money with debt.

I support the Kucinich bill because its introduction of money into circulation is coincident with the creation of public value. This is contrary to the operation of banks in which the introduction of money into circulation is coincident with the creation of debt for the many and extreme wealth for a privileged and undeserving few.