The fascinating world of credit is a parallel universe.

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 labor, 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 labor which we exchange for dollars.

The glitch is that public entities cannot 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
labor’ – 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 ‘labor’ 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 favor 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 labor 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 labor (or compensation there from – 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 labor 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
every 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 honor 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 labor/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).

Court:
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 surety ship?) 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!

Collections:
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 darkhorsetrader on October 12, 2008.