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 "rec_id": "media-the-roots-of-the-fed-how-does-us-foreign-policy-relate-to-us-banking",
 "course": "the-roots-of-the-fed",
 "title": "How does US foreign policy relate to US banking?",
 "speaker": "Murray N. Rothbard",
 "source_file": "media/The Roots of the Fed/How does US foreign policy relate to US banking_ Murray N Rothbard.mp3",
 "model": "medium",
 "language": "en",
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 "generated": "2026-08-06T10:04:53Z",
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 "text": "The United States' imperialism began in the late 19th and early 20th century by imperialism and sending the marines in to overthrow a government, putting another one in, in Latin America, because the various bankers had invested in government securities, Nicaragua, one prominent example, other Latin American countries, and the securities were being defaulted, the governments weren't paying off. Now usually in a free market situation, of course if the debtor doesn't pay off, You write the loan off, or of course nowadays you get the U.S. taxpayer to finance you. Since that wasn't an option in those days, the various bankers, both investment and commercial bankers, I should say now, who got the U.S. government to send the Marines in to force, to do what? To force, say, Nicaragua, just one prominent example, to raise their taxes. So this is the Nicaraguan taxpayer, long-suffering as they were, could pay off a Chase Bank and other bankers who owned Nicaraguan securities. So in other words, the Marines function as a sort of collection agency for American banks.",
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   "text": "The United States' imperialism began in the late 19th and early 20th century by imperialism and sending the marines in to overthrow a government, putting another one in, in Latin America, because the various bankers had invested in government securities, Nicaragua, one prominent example, other Latin American countries, and the securities were being defaulted, the governments weren't paying off. Now usually in a free market situation, of course if the debtor doesn't pay off,",
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   "text": "Since that wasn't an option in those days, the various bankers, both investment and commercial bankers, I should say now,",
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   "text": "other bankers who owned Nicaraguan securities.",
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   "text": "So in other words, the Marines function as a sort of collection agency for American banks.",
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