how senator anthony blackstone saved. america from economic ruin

8/3/2019 How Senator Anthony Blackstone Saved. America From Economic Ruin

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How Senator Anthony Blackstone Saved America From Economic Ruin

An Allegorical Tale

By

Anthony J. Fejfar, B.A., J.D., M.B.A., Phd., Coif

Perpetual (C)Copyright and (P)Patent by Anthony J. Fejfar and Neothomism, P.C. (PA)

Anthony Blackstone was a Czech, Norman French, German, and Sioux Indian, American.

Anthony Blackstone went to Saint Anthony’s University, in Kansas City, Missouri, and was

graduated Magna Cum Laude, with a B.A., J.D., M.B.A., and Phd., in Jurisprudence, and

immediately took and passed the exam to be a Member in Good Standing of the United States

Supreme Court Bar. After practicing law and teaching law in Saint Louis, Missouri, Anthony

Blacktone was elected to the United States Senate, as a United States Senator from Missouri.

Anthony Blackstone was an intuitive and intellectual guy who also had a spiritual side. In

fact, Blacktone had gone on a 7 day Jesuit Retreat as an undergraduate, and had prayed for the

talent of Wisdom to God, and received the Wisdom of Minerva, The Holy Spirit of Divine

Wisdom, which was of course, practical wisdom. The gift helped Anthony Blackstone to

develop intuitive omniscience which enabled him to know and understand things that others did

not.

As the Chairman of the Senate Banking Committee, Senator Anthony Blackstone developed

a new type of Federal Reserve Bank, that is, an Economic Development Bank. You see, when

Blackstone was working on his M.B.A., he wrote a paper developing the idea that in every dual

entry accounting system there should be both a Correcting Entry Debit Account, and, a

Correcting Entry Credit Account. Anthony Blackstone argued that such correcting entry

accounts could be used to balance the books in a CPA accounting audit, by making an adjusting



entry if the reconciling balance was off by only say $21, when the budget of the company

involved millions of dollars. This accounting approach would then save the company hundreds

of thousands of dollars when the audit was only off by a very small amount. The adjusting

entry protocol was accepted as a Generally Accepted Accounting Principe, as a matter of law,

based upon Anthony Blackstone’s paper and later published article.

Now, Anthony Blackstone was watching his son Joshua’s swimming lessons, on a Saturday

afternoon, and sudden his intuition provided him with the insight that the adjusting entry

accounting system could be used to fund an Economic Development Federal Reserve Bank.

Hearings were held in front of the Senate Banking Committee, and the Senate Commerce

Committee, and a bill was passed authorizing Anthony Blackstone to form the Federal Reserve

Bank of Pittsburgh, Economic Development Bank. The Capital requirement found in the

Federal Reserve Act was met when Blackstone was able to get Citizen’s Bank to loan the

Moderation Corporation formed by Senator Blackstone, and several other Senators, 5 million

dollars at 5% interest, and then have that money placed in a Savings Account at Citizen’s Bank at

an interest rate of 6%. Then, several of the account of the Moderation Corporation, Money Inc.,

were formed and linked with the business accounts which were the two Adjusting Entry

Accounts, both the Credit account and the Debit Account. Of course, as we all know, in a dual

entry accounting system a debit and a credit are relative terms. Thus, a debit to a cash account

increases the amount of money in the account, while a credit to a debit cash account decreases

the amount of money in the account. On the other hand, a Capital Credit Account is reduced by

a debit entry, and increased by a credit entry.

Given the foregoing, Money Inc., a Moderation Corporation following the Model Reasonable

Business Practices Act, began doing business as The Federal Reserve Bank of Pittsburgh,



Economic Development Bank. The Federal Reserve Bank of Pittsburgh, Economic

Development Bank, of course, only dealt with and used electronic money, not cash money.

Thus, Senator Blackstone made two entries in the Adjusting Entry Accounts, placing 50 Trillion

Dollars in the Adjusting Entry Debit Account, and 50 Trillion Dollars in the Adjusting

Entry Credit Account. Then, Blackstone made an electronic notation of 10 Trillion Dollars

Debit to the Adjusting Entry Credit Account, and a corresponding Credit entry of 10 Trillion

Dollars to the Federal Reserve Bank of Pittsburgh Credit Checking Account. Then, he made an

electronic transfer of 10 Trillion Dollars from the Federal Reserve of Pittsburgh Credit Checking

Account to the Money Inc, Credit Checking Account with Citizens Bank. Then, Blackstone

made a 5 Trillion Dollar Credit entry to the Adjusting Entry Debit Account, lowering the balance

to $45 Trillion, and then made a corresponding entry with the Adjusting Entry Credit Account,

adding th $5 Trillion Dollars to that account so that both Adjusting Entry Accounts contained

$45 Trillion Dollars. He then brought both of those account back to $50 Trillion Dollars with

corresponding $5 Trillion debit entry addition to the Debit Account and a $5 Trillion credit entry

to the Credit Account. Then Blackstone made an Electronic Transfer to the Social Security Old

Age Account of $10 Trillion, ensuring that there would have to be no social security benefit cuts

at all, and in fact the opposite, benefits would be going up moderately.

Later, Blackstone made similar accounting moves, as shown above, and put $10 Trillion

Dollars each, into the Social Security Medicaire Fund, Medicaid Fund, and SSI Fund. Next,

other Trust Funds were established for zero interest student loans, zero interest lines of credit

loans for R and D Companies, Small Business Start Up zero interest Loans, Hobby Stipends

and Volunteer Stipends, and money for Public Interest Law Firms to ensure that illegal Anti-

Trust collusion by big business would cause inflation or stagflation.



The Anthony Blackstone program was a success. Income Tax, Unemployment Tax, and

Welfare spending was decreased, and America began to have Full Employment, with low

inflation, increased education and job training, and no stagflation at all.

This Win-Win situation made America The Great Society of The Liberal Republicans, Franklin

Roosevelt and Jack Kennedy, Forever.

how senator anthony blackstone saved. america from economic ruin

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