Jul 18 2008
Two Completely Different, Separate, Distinctive Forms of Accounting.
(I’ll make this as painless as I can)
If we go into a bank, find the “loan” officer, and say, “I want you to monetize some of my credit for me; what is your fee?”, he will not grasp this and ask if we want a loan. Do we explain, right then and there, that he will not be ‘lending’ us anything; he will be only performing a service for which he is already being compensated, in the form of a bi-weekly salary, to make such transactions, yet, what we want to know is, what percentage of said transaction does he charge for processing? .5%?, 3%?, … how much?
Or do we play the game and sign the note, hand it over, and deal with it later? What about the mortgage? Why would any sane man tell a bank that it can take his house from him if he fails to hand over a portion of his life and labour, over the next 20-30 years, in the form of notes which are meant for ‘private debt’ only – not ‘public debt’, and, to boot, in violation of public policy, after he has already fronted the credit to the bank for which he has received a cheque in return and that transaction was complete the instant that occurred? He would do that only if:
1. he were tricked into believing that his signature on the promissory note
a) had no value, and b) did not fund the monetization of the cheque he received; or,
2. he was a victim of extortion and fraud; or,
3. all of the above.
At the end of every bank day, all accounts must balance or nobody goes home. Banks are audited every month and if there is a glitch, I’m certain there are heavy-duty fines. No one leaves the bank at the end of the day until the ledger shows that Accounts Receivable and Accounts Payable are balanced and zeroed. But, if the bank has lent out ‘money’ or even credit, wouldn’t there be an imbalance? Wouldn’t it show that the payable side of the ledger was in red or not matching the receivable side? Do banksters just hope that people will pay back what was lent out? Would such a huge industry trust this? Or would they get paid up front before anything ever left the bank? hmmm. I suspect that the reason that banks are the wealthiest institutions on the planet – maybe with the exception of the genocidal pharmaceutical industry – is because they get paid in advance before they risk any possible loss. When one is this big, one gets to call the shots. It would not work for them to sit around hoping that those to whom they gave cash, cheques, credit, etc. would swing ‘round to their place of biz every month in order to pay back what they ‘owe’. No corporation with any clout would do business that way. One might argue that they can sell the collateral, yet, banks are not in the business of pawnbroking; they are in the business of amassing cash. Pawnbroking is not a multibillion dollar industry. Wasting their time, even subcontracting it out to vendors, is not their style. They simply want the cash to roll in and so they set up their business plan well in advance of any alleged loan, in order to have that work for them. So, have we established that “hoping” to get paid back, even with collateral, is not good business sense?
A friend complained recently, “I’m in so much debt; I don’t know what to do.” Clearly, she had not read my book which emphatically points out that men and women cannot possibly be ‘in debt’. We cannot pay a debt, ergo, we cannot incur debt. It is an impossibility. Only the public can incur debt and incur it they do. Yet, this is their debt, not ours. We make the mistake of falling for their inflicting upon us the responsibility of paying their debt simply because they have programmed us into believing that we are the liable party. How did they manage this? By convincing us that we are a name and when they charge the Name, this makes us the surety – the one responsible for paying the charge. This is fine as long as we know how to do so, yet, we have been convinced that we can pay only with our labour which we exchange for dollars.
The glitch is that public entities can not pay their own debts because they are bankrupt and no bankrupt entity has any credit. Since we believe we must earn our living, when the bills arrive, we think we must pay. But, how can we do that when there are two entirely separate forms of ‘accounting’ and the one in which we operate – ‘compensation for our labour’ – has nothing to do with the form of ‘accounting’ which the public uses to ‘adjust its books’. The accounting sciences of private exchange and public bookkeeping are as unrelated as any other of the sciences, e.g.: Medicine and Health, which have only one thing in common – the human body, yet, that is where it all comes to a screeching halt. One involves pharmaceuticals and medical treatments which keep a body ill; the other involves healing by nature which results in a body becoming healthy. One is based upon big business, the other is handled by the spirit inhabiting the body. The differences between these two sciences are innumerable compared to the one and only similarity.
This is tantamount to Astronomy and Astrology. They have one thing in common – stars. After that, the differences between the two sciences are too numerous to list. They are completely unrelated; just as the means by which we men and women become compensated by one to whom we have given our energy and time and the means by which the public creates debt upon its books and desperately searches for someone willing to off-set it and allow them to balance their books. The first is known as ‘money of exchange’ (compensation) and the second is known as ‘money of account’ (adjusting/balancing the books). It is called ‘double-entry bookkeeping’. The two are completely unrelated, however, we have been tricked into believing that the two systems cross over. They do not and cannot.
When we offer our energy and our time in the form of ‘labour’ we expect to be compensated for it by the one to whom we give it. I shan’t elaborate upon the spiritual mess into which this has gotten us; suffice it to say that this has to stop if we are to prevail against the psychopathocracy which runs the world, if for no other reason than it will train our minds to see the distinction between the two forms of accounting. Whether we are compensated by substance, i.e.: gold, silver, gifts, time, etc. or the paper commonly known as ‘money’ matters not to us because we have negotiated and agreed to what is fair ‘money of exchange’. Due to that agreement, it is no one else’s business. It is a private contract based upon a meeting of the minds. No third party is permitted. Accordingly, that compensation, no matter what form it takes, cannot be taxed by a third party which might suddenly want in on the contract. It is a private contract, not a public contract.
The other, completely unrelated, form of accounting is ‘money of account’ wherein the public creates debt. This is done all the time because this is what the public does. This is how corporations come into being, aeroports get built, and yes, (yawn) roads get maintained (where some people still think that taxes go). It has nothing to do with what we do; it is simply how they operate in order to provide us what we need and want. They are involved in work which has to do with commerce. We are not or, at least, ought not to be, yet, since we are, please let’s learn how to do so without ruining our lives.
Public Accounting = Money of Account aka Double-entry Bookkeeping aka Debt Set-off
The public sends us a bill so we can set-off their debt. The bill’s amount indicates the amount of our unlimited credit they have used without our consent. They created it, but, they cannot set it off. They require us to do this for them. I know that, at this late date, we have had enough of them, yet, really, the problem is that no one ever told us how do to this. A man can neither incur nor pay any debt. We could do them a favour and offset it for them. We mustn’t allow them to confuse us with the two forms of accounting. Money of Exchange = substance based upon your labour which is real and Money of Account = just bookkeeping entries. All they need is our acceptance of their charges, our signature representing our authorization to access the treasury account, and then we instruct IRS/CRA, via tax forms, to handle the tax return.
Now that the public is using our credit, we ought to be compensated for it, right? It is our value they are using. Remember, they have no value themselves so they require ours. A line from A Course In Miracles reads: “Nothing ever leaves its source”. Since all value must return to source and close the circuit or ‘close the accounting’, when we are charged/billed, it is simply a request on the part of the public to set-off their charges for them. When it comes full circle, we will be compensated. How?
The latest is the 1099 OID, W9, 1040V and T5008, T7DR, depending upon where we operate in commerce … but it is still commerce, no matter where we are. Whatever value we personally have put into the public is against public policy; we were never meant to put our value into the public (since 1933), however since we did, it is 100% tax – dollar for dollar. Therefore, the corporation to which we gave it owes tax to IRS/CRA because it is withholding it and, if we don’t claim back our funds, they will keep it. The corporation will file a 1099 OID/ T5008 claiming that it is the source of the value and we now know that it is not – we are. If we do not file the correct forms with IRS/CRA in order to claim back that which we erringly put into the public, now IRS/CRA comes after us to pay the tax because, as it stands, it appears as if the ‘source’ of value was the corporation – because its filings indicate that. Since the tax must be paid and 100% of what we put into the public is tax, then someone has to pay, right?
If we have paid thrice for an item (1. the original credit to create it came from us, the principal, via our bond which pre-paid it (see my book); 2. the accepted return of their charge, indicated by our signature and social number; and, 3. cash/cheque/card, etc. aka ‘debt’ payment) when it ought to have been only the first two, then we are entitled to the return of the third – the cash. Unless we ask IRS/CRA for a “tax return”, it cannot balance its books and it will come after our labour (or compensation therefrom – i.e.: cash) in order for it to do so. So, we send IRS/CRA the forms identifying the correct source of the value which is we and not the corporation, and then IRS/CRA goes after them for ‘unreported income’ and 100% is returned to us, the principal from whom all credit came. These corporations, courts, etc. are all tax delinquents and in violation of public policy and the bankruptcy.
There can be NO “paying off” a public debt. The National Debt (which doesn’t really exist… well, it does, on paper, because the corporations USA, Inc. and CANADA, Inc. owe us, the shareholders – even though the media continue to lie, “Americans are in trillions of dollars of debt”. It is the corporations which are in ‘debt’ and this is because we continue to give them our debt notes/dollars and this increases the debt. See my book wherein I reveal that “working for a living” is only making the problem worse… for all of us. Paying a corporation with debt notes aka “dollars” only doubles its debt. One would think the board would not want this, yet, they want that debt because this provides them ammunition to get us to ‘pay’ more on the alleged national debt. But there can be no ‘debt’ because everything is pre-paid. The corporations couldn’t exist or operate unless we funded them in the first place with our credit via the bond via the Birth Certificate. Yet, if we “set off” public debt, we reduce the “national debt”.
Credit to them is debt to us and vice versa. Keep in mind that those at the bottom of the pyramid are trained not to know this because the top of the pyramid has been charged (by the world bank, the IMF) with extorting the labour and lives of those of us from whom they derive ALL their wealth in the form of dollars which is credit to those at the top. In other words, if we give them our value in the form of dollars, the corporation sees this as a debt – because it IS debt – and therefore has more debt to set-off, which is the way they want it because then they and their partners in crime, the feds and the banks, can call it the “national debt” which of course can’t exist, can’t be “paid”, and yet, can be set-off, however, the CEOs et al, perceive our dollars in the same way we do – dollars get us what we want.
Commerce is a mirror of what is true. Debt=credit for men and women, yet, credit=debt for corporations. It is crazy. If we continue to pay dollars when we are not obligated to do so, this makes our situation worse because we are giving debt to the public, ergo, the excuse to demand more dollars, and giving the people behind the fictional corporations the very thing we are intending to keep for ourselves and our families in order to acquire what we need and want. What an incredible scam! Remember, though, not paying might get us into trouble that we don’t personally want so, let’s have another do our fighting for us. Call in the IRS!!
All IRS/CRA wants, like any other corporation, is to balance their books and if we prevent this, by not filing properly, they come after us, which now makes sense to me. If we comply, by filing the proper forms for a return of all the labour we have put into the public which messed up their double-entry bookkeeping, we can charge (energize) IRS/CRA with securing our value from where we left it and return it to us, the principal and source of all value. And we wondered why they call it a “Tax Return”! It is so they can return the tax to the principal because it is our credit the public has been stealing via filing false claims which is in violation of the criminal code (which is all based upon commerce… remember there are no laws as we think of them; all statutes, codes, etc. are commercial law) This is why corporations appear so wealthy when, in fact, in commerce, corporations cannot show a profit. (Their books must balance at the end of the day, just as the banks’ books must balance or the auditors would have a field day.) Huh?!?! They are the wealthiest “persons” on the planet. (remember the definition of “person” is “corporation” and “legal fiction”.) But it is the board members, not the corporation, who are wealthy. We have been letting them steal our labour and our lives!
Quite a concept, eh? IRS/CRA truly do work for our benefit! (We can go back 3 tax years and get back 100% of everything we have ‘paid’) All this time, we’ve been fighting them. As Winston says, “The IRS is my new best-friend.”
Money of Exchange (dollars) must NOT co-mingle with Money of Account (our ability to set-off public debt via acceptance and our signature). We cannot pay a debt with a debt and, yet, we do it every second of the day. We must accept their bills, return them with our signatures (the TRUE value) and the Treasury Account number (SSN/SIN) and, if vendors ask to be paid again, then, we honour them by giving them money of exchange (because we won’t be able to leave the shops without their thinking they have received something for the goods, even though we know that the goods are not for what we are ‘paying’ – we exchange payment for the receipt (see my book), yet, since ‘paying’ messes up their books – i.e.: doubles their debt – we handle this by having IRS/CRA get it back not only for us but also for all involved because it is a huge accounting error – not to mention, paying with cash is a crime. It only gets crazier, doesn’t it? This is why we will ultimately move into a cashless society! … for our benefit, not theirs, and to think that, for decades, I feared this ! Now I see that I am instrumental in its implementation.
Remember that anything we receive from the public – tickets, court orders, bills, etc. – is an OFFER and all we are required to do is ACCEPT it, sign it back to them so they can balance their books. Their accounting has nothing to do with ours (ie: cash) and if they intend to convince us that we are to give them our labour/cash, IRS/CRA is in the biz of getting it back for us. Corporations and courts don’t like this, however, IRS/CRA is designed to collect tax – nothing personal, its just business. They are the best collection agents in the world as they work for the IMF. It is their way of telling us that if we file, we get our tax returned. (Yes, people are already doing this).
I’ll say it again: Never go to court – unless you are dragged and if you are, your first questions ought to be, “What is your TIN? What is your authority? Where is the 1099 OID? (meaning: Prove your claim to MY credit. Are you trying to trick me into suretyship?) If we ask the right questions up front, they can’t get past the fact that we are not going to give them anything; rather, we will file a 1099 OID/T5008, listing the true source of value, and get back that amount. Put the courts out of commission! Call out the IRS!
When a collection agent calls, I ask for their Tax ID Number. If they won’t tell, I say, “That’s OK, what’s your address? I’ll send you a W9/Request for TIN and if you fail to complete and return it to me, you will be subject to IRS/CRA fines and penalties. Then we will talk about how much YOU OWE ME for your unauthorized use of my credit.”
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by: Mary-Elizabeth: Croft
Posted: July 18, 2008
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