7/29/2019 Loan Accounting Reveals True Creditor

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Loan Accounting Reveals True Creditor

John Henry Doe (JHD)

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

200B1

100K3

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

200B1

100K2

TRANSACTIONS

1. JHD pledges birthright labor toUSA worth $200B and receives aCertificate of Live Birth asevidence ofequitabletitle tosame. This is the asset-collateralknown as the credit of the nation.

2. JHD signs a loan applicationwhich ABC Bank uses as aconsent form to assign a portionof said equitabletitle to the USTas a perfected security interest

(lien) and an account receivable.

3. UST sells said lien on the OpenMarket to receive cash frominvestors.

4. ABC Bank receives said cashfrom UST and debits its cashaccount, and then credits theborrowers transaction accountfor same amount to show thesource of funds.

NOTE: the borrower neverreceives a deposit slip receipt forthis amount, which eventually isconsidered abandoned and istherefore claimed by the bank,perhaps on a IRS 1099-A Form.

5. ABC Banks pays a seller saidfunds from Cash account, andthen debits an AccountsReceivable account that JHDmust pay the bank as the loan.

6. If the borrower would simplyclaim said deposit slip for #4A/P account, its funds couldsetoffthe loan for this sameamount posted in this #5 A/R

account.

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

100K4

100K5

United States Treasury (UST) - General Ledger

ASSETS LIABILITIES

ABC Bank General LedgerASSETS LIABILITIES

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

100K4

100K6

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

100K2

100K3

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

100K5100K6