How does systemaccounting work?

How does the U.S. Treasury make the systemaccounting platform available, and how do I use it?

A:

The U.S. Treasury will begin by installing the systemaccounting software in the cloud to make it accessible to the public. Next, the software will be aimed at a single transaction account safeguarded by U.S. Treasury. The transaction account is not a “bank” account since no one is permitted to borrow from it. The money inside the transaction account is required to remain a conserved quantity where financial risk = 0.

Next up, we just need some mobile apps and other software to make existing point-of-sale devices adaptable. Mobile apps for the systemaccounting platform can be designed and offered by the public through iTunes, Google Play, etc. And for people not yet using smart-phones, access to systemaccounting can still be achieved via a debit card, mobile web browser, a regular web browser, or any payment terminal used by a business that accepts credit and debit card payments.

Now that the U.S. Treasury is set up (server), and We the People are set up (clients), the only thing left to do is pay a visit to that finance company you call a "bank” to say, “I do not wish to be an investor in your company anymore. Remove my property from your possession, immediately, since I believe I am better capable of using it as capital than you are.”
After some pouting, you will be issued a check.

The fun continues: Since the U.S. Postal Service is in desperate need of a new job, walk on into your local branch and request that the balance shown on your check be deposited or electronically posted to the balance of a brand new U.S. Treasury systemaccount! Whether you’re opening a new account, depositing cash, or withdrawing it, the U.S. Postal Service will change the balance of your account accordingly, and deliver any such cash to, or from, the U.S. Treasury’s single transaction account. Of course, it’s likely that you’ll just be able to electronically transfer the balance from your bank account directly to the U.S. Treasury transaction account, but it’s important to understand how everything works behind the curtain.

The most succinct way to describe how all this works is with the following example:

100,000 people each open a $10.00 account.

The balance of the transaction account maintained by the U.S. Treasury is now $1,000,000.00.

Assume Alisha and Peter are both systemaccounting users.

Peter sells sandwiches at his deli for $5.00. Alisha visits Peter at his shop and uses her systemaccount to buy lunch. The moment Alisha completes her payment to Peter, a record is created in the systemaccounting database that states Peter has earned $5.00 in revenue because Alisha has chosen to pay a $5.00 expense. As the law of cause and effect is recorded in the form of a single debit-credit table referencing both Peter and Alisha, Alisha's balance is naturally reduced to $5.00, and Peter's balance is increased to $15.00.

Meanwhile, back at the U.S. Treasury, the balance of the transaction account is still only $1,000,000.00.

Systemaccounting puts pressure on finance companies to physically add value by eliminating the type of accounting responsible for permitting inflation. Enforcing the Law of Conservation per transaction removes the public's need to accept the price of monetary inflation in exchange for adding value to the economy.

In sum, the U.S. Treasury is storing people's cash together in a single account, and then using the systemaccounting software to publicly enable the facilitation of, and accounting for, the change in ownership of value (money). The people's right to electronically access their money can no longer be held hostage by firms who wish to use it as capital, while everyone is held to the same mathematical standard of accounting.

You have your app, you've transferred your balance. Now go sell something, or buy something, and pay one another without ever having to be forced into another “banking” or investment relationship again. And when you do decide to invest, take comfort in knowing that you are doing so in a system that treats you the same everyone else does: same math, same access.

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