System Accounting > Central Banking

According to its Mission Statement as of Friday, December 2, 2011, the responsibility of the United States Department of Treasury is defined as the following:

Maintain a strong economy and create economic and job opportunities by promoting the conditions that enable economic growth and stability at home and abroad, strengthen national security by combating threats and protecting the integrity of the financial system, and manage the U.S. Government’s finances and resources effectively.

While the Department of Treasury believes it to be appropriate to pursue its mission of protecting the integrity of the financial system by bundling and outsourcing the 3 separate functions of:
1) storing [1],
2) moving [2],
3) and investing [3]
money to such state-established investment firms defined as “banks[4] within federal law, it is the opinion of protecttheeconomy.org that this same strategy completely undermines the Treasury’s own mission since one cannot expect to promote the conditions that enable economic growth when capital continues to be legally awarded to “banks” rather than naturally awarded to those who verifiably identify and meet demand.

There must be no illusion that protecting the integrity of the financial system must involve a strict adherence to the First Amendment. Upholding free speech while protecting the public from the false opinions of others are both inherent and inseparable within the duty of maintaining our financial system’s integrity. Without a firm commitment to seeing that 1) information flows freely, and 2) people are free to exercise their own judgment in the face of such information, the integrity of the financial system will continue to weaken under a class of individuals whose strategy depends on denying others these indispensable rights. Specifically, the very definition of a “bank” completely negates the First Amendment by legalizing:

  1. the commandment of undue capital or investment from a public first seeking to only store and move its money in a secure and efficient manner, and also
  2. the subsequent conditions that keep the invested (“banks“) at odds with its investors (“public”), i.e. causing widespread economic ignorance to be its own market force as it:
    a) blocks access to useful information, and
    b) propagates misinformation.

In sum, to “bank” (to ambiguously designate private firms to store, move & invest money) is to not only deny the First Amendment’s role within finance, it is to also openly invite the false allocation of capital, as well as a mounting level of system-wide inefficiency, ignorance, and risk.

The Solution

Directly supplying the public the technology to autonomously 1) store, 2) move, and 3) informatively invest in one another, individually, is the way forward since we must balance out an unsustainable level of consumerism through the establishment of a fully-participatory level of producerism. Achieving a cooperative economic strategy, where participants in an economy must have equal access to the same information, will produce a type of market equilibrium that will spell relief for an economy that chronically suffers from capital being bottle-necked between these underachieving, socialized investment firms—the nature of which is completely anomalous to a free-market. Remedying the bottle-neck by empowering the public to participate independently, efficiently, and informatively in an economy will also make them beneficiaries of a system that is capable of collecting taxes in a contemporaneous and transparent manner. A technology-based solution, rather than a political one, makes simultaneously increasing tax revenues while decreasing tax rates a reality—not another false promise; this is how the Treasury must manage the U.S. Government’s finances and resources effectively. So, is it possible to create a transparent and efficient economy that is capable of paying down its debt? Of course.

EquilCurrency LLC is offering the U.S. Department of Treasury the opportunity to license access to a System Accounting application that is perfectly capable of protecting the public from the inefficiency and injustice established through “banking“. What is it going to take? A simple enterprise installation in the cloud, a few mobile apps, and most of all: the will to modernize.

Do you wish to see a future where everyone is treated equally in terms of information and finance? Behold!

-Basics of System Accounting-

-Science of System Accounting-

[1] Reference: deposits”, U.S.C. Title 12, Ch. 17, § 1841 (c)(1)(B)(i)
[2] Reference: payment”, U.S.C. Title 12, Ch. 17, § 1841 (c)(1)(B)(i)
[3] Reference: business of making commercial loans”, U.S.C. Title 12, Ch. 17, § 1841 (c)(1)(B)(ii)
[4] Reference: “Bank defined.”, U.S.C. Title 12, Ch. 17, § 1841 (c)