Does using systemaccounting mean the U.S. Treasury will be my bank?

A:

The U.S. Treasury is not a "bank".

When systemaccounting is implemented, there will be no borrowing or lending involved with the transaction account protected by the U.S. Treasury since measurability is to be found at the heart of a healthy economy; not the accumulation of unfulfilled promises. The role of any government's Treasurer is that of bookkeeper and security guard to a nation's economy. When someone possesses or owns money, it is because that money is serving as undisputed testimony from the nation's Treasurer that the owner has measured, promised and delivered value to another person. Naturally, it is out of pure deference for the law of cause and effect that the money's owner deserves to receive the same value once they accept the value that was measured and promised by another person. Upholding justice within the process of trade is not the same as the process of borrowing and lending.

To help frame the concept visually, consider a nation's Treasurer to be a bookkeeper who possesses a government subsidiary ledger listing the names of all the people who have measured, promised and delivered value to others—and who now deserve to receive the same amount of value delivered to them in return. Next, the bookkeeper converts the balance of each person's account into a bunch of 1's (e.g. instead of writing $500.00 as the balance, $1.00 is written five hundred times). The bookkeeper then tears out all the 1's which constitute the total balance of each person's subsidiary account and hands it to them. As people seek to transact value, they hand these minuscule pieces of paper back and forth between each other, directly—instead of through the Treasurer. Today, however, most of these little papers are not handed back and forth directly between their owners because the transactions orchestrating their movement are intermediated by people desperately seeking to be in the middle, if only for a single evening, to access the cash at unrealistic prices. As losses mount due to the poor use of money, Treasurers are put on the hook to surrender the control ledger over to people who are incapable of succeeding unless they be permitted to add as much as they wish to the ledger and tear out page upon page for themselves.

Systemaccounting removes the printing press keys from the hands of state-chartered lending companies and places them rightfully into the hands of the Treasurer. The honorable individual is then shown the way to the accountant's chair so that their role as protector of the trust of the people is vindicated by their ability to perform the math correctly.

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