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The secrets of banks accountancy practices

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The secrets of banks accountancy practices

Post by Waffle on Sat Apr 15, 2017 10:37 pm

This is a scientific economic paper by Professor Richard Werner, chief banking Professor at Southampton University, activist and truther. A gentleman who is putting his reputable career on the line for giving us the secrets of the accountancy practices within banks. What they do NOT want us to know.

He was brazen enough to go into a bank and asked to to study their accountancy practices to discover this precious and secret information.

Ill follow up with a brief interview with him which verbally explains a few things.

http://ac.els-cdn.com/S1057521914001434/1-s2.0-S1057521914001434-main.pdf?_tid=f9684054-2221-11e7-9cb0-00000aab0f6b&acdnat=1492291677_2866566627bdc14b58bcb7837d46e7b9

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Re: The secrets of banks accountancy practices

Post by Waffle on Sat Apr 15, 2017 10:41 pm

There is no such thing as a deposit, banks do not lend money, the only lending is from YOU!

https://www.youtube.com/watch?v=YLqZTXJNY2o&feature=youtu.be

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Re: The secrets of banks accountancy practices

Post by Waffle on Sun Apr 16, 2017 8:58 pm

If any one has had a chance to read this document you may have seen that when one makes a loan the bank records it as a customer deposit. In comparison to a the same with a stockbroker, the stock broker records it as accounts payable.

Werner's theorising is interesting, however there is something that he may be eluded to, which has culminated as a question of my own.

The banks record a "loan" as a customer deposit and according to Werner it should be recorded as a "loan" accounts payable, as such they are able to do this due to specific banking rules laid out by the FCA. What What I'm understanding through my own research which may to the contrary of Werners work is a hypothesis that a bank records it as a customer deposit because it is a customer deposit via depositing a promissory note. I don't know at this stage how it would pair up to the stockbroker, is the stock broker able to accept a promissory note as a deposit and convert it into bank deposits or bank notes, I doubt it as its only banks that have the authority to do this. To add to this Werner also says when you deposit money with a stock broker it is then taken to the bank and a loan is also transmitted from the bank via the stockbroker, which is why Werner assumes it is recorded as accounts payable by the broker and still and always a customer deposit by the bank.

There is some other research I am doing which could be contributory to this, very in fact, as to why it is recorded as a customer deposit and at a glance one would assume it has nothing to do with banking, lots of reading actually reveals a little more. Werner research and theories are essential for clarify the complete process of a loan, but alone for me they leave some aspects a little inconclusive.

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Re: The secrets of banks accountancy practices

Post by landlubber on Wed Jun 14, 2017 5:15 pm

@Waffle wrote:There is no such thing as a deposit, banks do not lend money, the only lending is from YOU!

https://www.youtube.com/watch?v=YLqZTXJNY2o&feature=youtu.be

I think that this is precisely what I've said elsewhere regarding wo/man and the fact that only we are creditors, they are the debtors under bankruptcy laws, when the country, therefore commerce was made bankrupt in 1931/3 whichever it was. Very Happy Actually, banks fool us in so many ways...they are fraudsters through and through. Rolling Eyes

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Re: The secrets of banks accountancy practices

Post by Waffle on Wed Jun 14, 2017 11:51 pm

Its actually very similar to your post which is getting a lot of interest Very Happy

Who is the credit to nation, we are...... We are the debt to the nation, they are in credit to us because we create the credit, we are the only ones who can create the credit out of thin air, a bank can not it must have an asset to back it, it converts our credit into a different specie of credit and makes us pay them more credit, then we are in credit to them, crazy right. I can't understand the whole insanity,, i can't understand how they have managed to distract us for so long and get away with it without any fight back.

The whole system is run on fraud because we've been asleep  Sleep  for 1000's of years. We are all genies in a lamp, in a deep slumber just waiting for centuries, then poof we grant everyone wishes of wealth, whilst we remain trapped in a ineey weeny teeny little bottle..... Where the bloody hell is Aladdin when you need him.

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Re: The secrets of banks accountancy practices

Post by landlubber on Thu Jun 15, 2017 1:40 am

It seems that we really do live in a crazy mixed up world. Banks issue prom notes, though they actually deny that they do. However, last year or perhaps the year before, someone inquired of the bank of england, "Can anyone issue prom notes?", to which the response was, "yes, of course, but one has to find someone to accept them." Funny really when one thinks about this. The BoE issues prom notes which technically aren't worth the money they are printed with, so one may ask, how are BoE notes worth anything then? The official response to that question is straightforward, it's because people believe that they are worth money. Now, it doesn't get much more screwed up than this. It's little wonder that banks can conjure money out of thin air, when we're all believing that the money we spend is actually worth something. The two go very well together. I often wonder what banks would do if we all suddenly began to issue our own prom notes and commerce accepted them too? Well, the BoE say that it's all a matter of belief...It doesn't come much stranger than that. Laughing

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Re: The secrets of banks accountancy practices

Post by Waffle on Thu Jun 15, 2017 6:32 am

I read that BoE letter, very interesting read they cite the BoE act 1882 so it is very clearly the primary legislation all use for creating currency, even though some deny the fact that its applicable to them.

"when we're all believing that the money we spend is actually worth something"

This is exactly the point I was making on the old site. Int wa coined by someone (i forget who) that a belief has exactly the same meaning as a delusion.

Banknotes we're granted legal tender "status" this basically means they are to be treated as having the value of whats written on them. In essence what they are saying is, lets legally pretend they have that value, when back here in reality they hold no value what so ever. Are believers or just plain deluded Very Happy


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Re: The secrets of banks accountancy practices

Post by LionsShare on Thu Jun 15, 2017 10:48 am

In those yt vids on “paying by endorsement” 1 of the presenters states that utilities can no longer be paid with prom notes as ? has changed. Does anyone know what the changes are? & where can I find them?
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Re: The secrets of banks accountancy practices

Post by Waffle on Thu Jun 15, 2017 11:29 am

Utility companies take prom notes all day long. Bank deposits are IOU's promises to pay and I bet they wouldn't have a problem if you gave them bank notes they're accept them, bank notes are prom notes.

Let's put it this way every instrument we use to pay anything with is a debt instrument, everything is an IOU, a promise to pay, in good faith, in trust. A Credit token (bank card) is not legal tender, bank deposits are not legal tender, a cheques is not legal tender. They are all debt instruments IOU's, promises to pay. Bank notes have legal tender status but are promossory notes. So if they say they do not accept IOU's, promises to pay, prom notes it's an ought and ought freaking lie.


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Re: The secrets of banks accountancy practices

Post by landlubber on Thu Jun 15, 2017 12:29 pm

I think that it is relatively safe to assume banks are perpetrating a hoax on a grand scale, since they are technically committing fraud on the people by deception. Yes, Waffle, you are right in that every single instrument we use to pay our way through life is a debt instrument. However, think of it this way...a banker back in time convinced the then government that they would accept peoples gold in exchange for notes of receipt, prom notes. Time passes by and the banks announce that they are to withdraw gold from circulation, possibly on the pretext that it wasn't safe to carry it nor to have it in the home, or other such BS. So, the country, without letting the populace know what they've done, bankrupted everyone, continue as though nothing had happened. From that moment, the currency of the country took on the status of being worthless, but hey no, the con continued, the government and banks colluded to having the people believe that the bank's money had value. Present day...the con becomes a total fraud when the government tells everyone that we are all in debt, thereby known as the national debt. Now this is where there is no turning back, unless the government steps in and begins to issue its own bank notes. Nah!!! Ain't going to happen, not while bankers own the national debt of every country in the world that uses debt notes. People have the power to reverse this abomination, but I for one, cannot see this happening, why? Because there are far too many who believe in banks who think that they can do no wrong.

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Re: The secrets of banks accountancy practices

Post by Waffle on Thu Jun 15, 2017 12:38 pm

That's a very intriguing outlook, I have some good research to contribute to this to clear our heads which I will share later. I would like to say one thing though it's worth understanding what the national debt is and who it is owed to, it's the icing on the cake, remember everything is a con especially the national debt

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Re: The secrets of banks accountancy practices

Post by Waffle on Thu Jun 15, 2017 12:44 pm

For your interests the government does issue its own type of debt instrument, but now we're getting back into bonds and securities.

I'm pretty sure the BoE money creation document explains this

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Re: The secrets of banks accountancy practices

Post by assassin on Thu Jun 15, 2017 12:57 pm

It all goes back to day 1, the birth (berth) certificate, and a play on words along with acceptance of the play on words by the people they have berthed in a live berth.

Essentially the BC does many things other than what is commonly portrayed, it creates a fiction under which they act, why is the BC securitised? why are securitised BC's collated and bonded?

You have to enter their state or nation and like any other form or entity you pay and they let you in and you agree to play by their rules.
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Re: The secrets of banks accountancy practices

Post by iamani on Thu Jun 15, 2017 4:29 pm

Hi all

Waffle - great thread! In response to your question 'are we believers or just deluded?' i'd like to offer an opinion (or several).

i would say a belief is a delusion by majority vote, so i think that makes us believers rather than deluded. Good or bad - who knows?

It seems to me belief can make truth. Subjective truth rather than absolute truth but truth just the same.

i think we have made the credit system a truth with our belief and trust and that BELIEF+TRUST = FAITH. To make truth of an un-truth we must BE the LIE until VE-rified as truth. Well i think we have BE-en the LIE now VE-rifieD as truth and we now have BELIEF, TRUST and indeed complete FAITH in credit.

This suggests to me that 'credit' is a religion. Complete with high priests of (h)El(l) and their h(El)iocentric dogma. Remember, 'money makes the world go round' (it really does - just ask nasa) and we still had a flat earth when this system was being refined!

This reinforces my belief that there is no such thing as an atheist - we ALL adhere to (at least) one religion or another until we become realised.

LionsShare - apparently A4V rather than prom notes is the way to go with utilities. Try Troy's vids (and others) on Ceylon's y.t channels. He seems confident that this works.

Cheers!

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Re: The secrets of banks accountancy practices

Post by Waffle on Thu Jun 15, 2017 8:16 pm

The con does continue LL right through the ages, today as you say, we are conned into thinking that we as a country are in deep shit with the national debt, the blame is as always passed onto the people, the tax payers. Today the government also "creates money" through government bonds (formerly Sovereign Bonds), securities and guilts. I am yet to get as far as I would like with this, but some is issued by the treasury for sure, then some is issued by the government and sold to the BoE. The national debt is the money the government or state owe, its BS that the liability is dumped on us, absolute BS. 75% of government issued money is borrowed from the treasury from our unclaimed estates, pension funds etc, thats right a whopping 75% of the national debt is borrowed from us and owed to us by the government who claim that the national debt is because of us and owed by us. When the whole time the whole lot is our unclaimed inheritance from our decedents estates, and its been building up for centuries. The other 25% is owed to banks, corporations and other states......

This is an article from the City of London website describing their national debt and the history of how it came into existence. I have not managed to establish the history in England, but from where I am at its not too distant from this.

The London court of orphans was established in the middle ages, with the first recorded case heard in 1276. The mayor and aldermen, sitting in the Inner Chamber of the Guildhall, handled cases relating to the care of the orphans of freemen. When a freeman died with children who were underage, the executor of his will was obliged to report the death at the Guildhall. He then agreed to produce an inventory of the dead man's estate, from which the worth of the dead man was calculated and then divided between the widow, any legitimate children and finally anyone else specified in the will of the deceased.

The court appointed guardians, usually the widow or close relatives, to care for the orphans and their inheritance until the orphan reached the age of majority. The guardian had to give a recognizance, or promise, guaranteeing that they would pay the orphan their full inheritance when they came of age. The recognizance had to be confirmed by at least three sureties, people who would pay the monies owed in the event of the guardian becoming bankrupt. In 1492 the court began the custom of meeting on every second Monday during Lent and summoning all sureties to make sure they could still meet their obligations. Guardians were monitored to ensure that they did not cheat the orphan out of their money, and, in the case of female orphans, were not married inappropriately. Guardians who did not obey the court could be imprisoned or fined. By 1560 the number of cases handled by the court had expanded rapidly although no single officer was ever responsible for the court. Instead several officers were responsible for seeing that court business took place: the mayor and aldermen heard cases; the common serjeant acted as advocate for the orphans; the common crier made inventories and ensured that new cases were reported; the chamberlain took recognizances and took deposit of the inheritance if it was decided not to give it to the care of a guardian, and the clerk of orphans performed a range of administrative duties in this, as well as other, courts.


Tables and scales were introduced which determined how much a funeral could cost, how much a guardian could deduct from the inheritance to cover the cost of maintenance of the orphan, and what fees could be charged by the court. The court of orphans played an important financial role within the City of London because inheritances were increasingly deposited with the chamberlain, who used the money as loan capital when borrowing to help shore up the city's worsening finances. The court therefore suffered a decline during the 1680s and 1690s, when the city experienced a financial collapse and money due to orphans could not be paid. Several orphans petitioned Parliament for payment of their inheritance, leading to the passing of the Orphans' Act in March 1694. This led to the formation of an Orphans' Fund which consolidated all the city's debts for ease of repayment. The incident marked the end of the traditional court of orphans and the government curtailed London's medieval legal practices in 1724, although some intestacy functions did continue until the 1850s. The legal functions of the court were taken over by Chancery.

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Re: The secrets of banks accountancy practices

Post by Waffle on Thu Jun 15, 2017 8:45 pm

Thank you for sharing you opinions Lamani I enjoyed reading them. To believe that credit is real is a faith and if you have faith then you may as well have a religion, I wonder what bible the Banksters are using to create this delusion. Really nice take Lamarni, as long as we all have faith in credit it will remain in trust.

You may be interested in the story of the "credit crunch" which solely happened because of the loss of faith in credit which breached the trust, subsequently the system collapsed and we were blamed it, because of all the "borrowing" from the Banco di Santo Spirito, there wasn't enough money to make the world go round when the first central bank was built beneath heaven.

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Re: The secrets of banks accountancy practices

Post by iamani on Thu Jun 15, 2017 11:58 pm

Hi Waffle

Right back atcha buddy, kind of you to say.

Well, apparently faith works and faith without works is dead,;so... viva la credit crunch!

That City of London stuff you posted - very interesting. Can't help but wonder what might be hidden in the Orphans Act and hiding in the Orphans Fund....

Oh, and the bible T.H.E.Y. are using is the KJV as arranged by the stock, aitken, waterman of the time Sir Frankie Bacon and his studio of writers. It's the corporate bible according to romley and rohan on the Glossa Channel.

Cheers!

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Re: The secrets of banks accountancy practices

Post by assassin on Fri Jun 16, 2017 2:04 am

iamani, excellent synopsis.
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Re: The secrets of banks accountancy practices

Post by iamani on Fri Jun 16, 2017 5:46 pm

Hi assassin

Nice! Thank you assassin

Cheers!

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Re: The secrets of banks accountancy practices

Post by Waffle on Sun Jun 18, 2017 12:44 am

Thanks Lamani, a bit of research material there for me to bury my head into.

The KJV bible is missing 9 books from the old testament, the new testament prevails, everyone in the world is subject to Christ.....

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Re: The secrets of banks accountancy practices

Post by iamani on Sun Jun 18, 2017 10:40 am

Hi Waffle

Glad if it helps. Nine books missing from KJV OT? Interesting! i suspect the NT to be the place where the Rights of The Living Man are written down (how's that for hidden in plain sight!) and now i'm wondering if the secrets of banking are hidden in those nine books excluded from KJV OT.

Cheers!

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