does using systemaccounting mean the u.s. treasury will be my bank?


the u.s. treasury is not a "bank"

and there is no borrowing or lending involved with the transaction account maintained by systemaccounting since measurability is to be found at the heart of a healthy economy, and 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

money serves as undisputed testimony from the nation's treasurer that its 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 no more than this value in the future

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 are intermediated by people seeking to access cash, if only for a single evening, to capitalize their lending

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

Was this helpful?