My take on banks as a CPA
My take on banks as a CPA
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1) Accounting Standards defines an Asset as ownership of resources that provide an economic benefit but it鈥檚 an illusion of ownership because when you die and there are no heirs... it goes back to the government.
I'm a CPA too!
2) The bankers own the government as a corporation so they are the true asset owners. For the public and large corporations the "assets owned" is actually debt owed to the banks.
4) Saving money is an illusion because unless you have heirs.... when you die, the "assets" liquidated return back to the banks. Where else could it go since it returns back to the source of the bankers design?
5) Conservatives claim taxation is theft, but how is it theft if you never owned anything in the first place? Taxation is merely one out of many processes to reclaim the debt owed back to them.
3) It doesn't matter the amount for every one unit of currency it is owed back to the banks. It doesn't matter the complexity of rules or variety of financial instruments. It is fundamentally all debt owed to the banks.
8) The more people invest in Bitcoin Satoshi Vision and learn about how the protocol works then less value will be given to all fiat currencies as they would be rendered useless.
6) Life by the bankers design is repayment of debt. You pay for a mortgage and all kinds of fees to survive. They will always get your money back. You don't technically own any assets.
13) One is liquidating their assets and converting them to an entirely different system that is essentially built on different rules and there should not be an overlap with the system designed by the banks to prevent a breach in independence.
11) Essentially, the public would need to convert their assets to cryptocurrency and rely less on the major banking institutions to survive. Don't allow the banks or the rich to manipulate and buy out the supply.
12) Closing thoughts, the public should consider taking assets owned by fiat currencies and convert it to cryptocurrency. The banks can't reclaim what is no longer owed if the money isn't circulating in their system.
10) Each person is their own bank by using digital currency. The government can't interfere with the protocol of Bitcoin Satoshi Vision to take it away and taxation is only based on fiat market value relative to cryptocurrency.
9) Given the finite supply of cryptocurrency, there is a tendency towards fairer prices.... but essentially the goods and services provided should not have a large gap in distribution and lead towards perfected distribution in resource allocation.
7) It took thousands of years for the bankers to create rules to give the public the illusion of control. However, what they can't control is the protocol for Bitcoin Satoshi Vision and that is a threat to the banking institutions.
Sorry didn't mean to ruin your thread. Good job!
Thank you! Comments and feedback are appreciated!
Ruined forever Jed
馃ぃ I'm sorry!