Crime Against Humanity: the Holy GAAP, 3

A banker provides a loan to the purpose of creating out of nothing in his pocket the scriptural money loaned. Later on, he will use that scriptural money for a further crime, let us assume he too to fund the growth of a monopoly he’s an accessory in.
The same two events, acquirement and employment, distinct in reality, do NOT remain distinct in accounting, too: on the contrary, in accounting they get confused in a single indistinct entity. The reason, and the difference between the two cases, is that in the case of the banker these two events occur simultaneously: the banker creates the money out of nothing in the very moment, and in the very act, of loaning it. Here’s the trick, the false accounting, then: these two events, simultaneous but nonetheless distinct in reality, do not remain so in accounting, because their simultaneity is used to confuse them with one another to the purpose of not booking the crucial one, the acquirement! In his balance sheet, the banker does NOT enter at all any book entry of active occurrence for the acquirement of that scriptural money, while he regularly enters a book entry of employment, instead, for the simultaneous loaning of that same scriptural money. In this case as well, what he will use that scriptural money for is immaterial here for our purposes; what counts is that the fact that scriptural money, which doesn’t even need to be physically blood−stained, entered his assets without him giving anything in exchange is perfectly INVISIBLE in the balance sheet because there ISN’T ANY distinct and separate book entry to indicate it. We may also say that the two simultaneous events do not get confused with one another, if we prefer; what counts does not change and what counts is: NO active occurrence book entry in the balance sheet, creation out of nothing totally INVISIBLE.

Ever heard the fable of the old trousers? Once upon a time there was a banker who had an old pair of trousers, and those old trousers no one would have paid any attention to were magical: every time he fumbled in their pockets, a penny materialised in his hand…