loan accounting reveals true creditor.pdf

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  • 8/13/2019 Loan Accounting Reveals True Creditor.pdf

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    Loan Accounting Reveals True Creditor

    John Henry Doe (JHD) + TRANSACTIONS

    United States Treasury (UST) - General Ledger ASSETS LIABILITIES 1. JHD pledgesbirthright labor to

    USA worth $200B and receives a Certificate of Live Birth as evidence of equitable title to same. This is the asset-collateral known as the credit of the nation.

    CASH - Asset ======================

    200B 2. JHD signs a loan application

    which ABC Bank uses as a consent form to assign a portion of said equitable title to the UST as a perfected securityinterest (lien) and an account receivable.

    3. UST sells said lien on the Open Market to receive cash from investors.

    ABC Bank General Ledger ASSETS LIABILITIES 4. ABC Bank receives said cash from UST and debits its cash account, and then credits the

    Accounts Payable - JHD ======================

    100K borrowers transaction account for same amount to show the source of funds.

    NOTE: the borrower never receives a deposit slip receipt for this amount, which eventually is consideredabandoned and is therefore claimed by the bank, .

    5. ABC Banks pays a seller said funds from Cash account, and then debits an Accounts Receivable account that JHDmust pay the bank as the loan.

    6. If the borrower would simply claim said deposit slip for #4 A/P account, its funds could setoff the loan for thissame amount posted in this #5 A/R account.

    Accounts Payable - JHD

    1

    =======================

    200B 100K 1

    3

    100K 2

    Accounts Receivable - JHD ======================

    100K 2

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    100K 3

    Accounts Receivable - JHD ====================== 100K

    Cash ======================

    100K 4

    100K 4

    5

    100K 6

    Modern Money Mechanics, Illustration #3, 5

    100K6 confirms the existence of this Accounts Payable Liability entry that is due to the alleged Borrower, the TrueCreditor! This truth should enable anyone to simply indorse any bill as the True Creditor and discharge it dollar fordollar!

    Modern Money Mechanics, Illustration #3