Crime Against Humanity: the Holy GAAP, 40
That’s what “all the advantages of money without having its disadvantages” means: they call it, “eating your triple fudge cake and keep it, too”. Here’s where the ambiguity of “non money” is instrumental, and where substance and cavils face one another: on one hand the substance of actual purchasing power of the banker’s promise of money, on the other hand the loophole that, being not money, it doesn’t “exist” as such and hence the banker does not have to account for its birth and persistence in his hands.
The BIRTH of scriptural, bank “money” is occulted and eluded: the Holy GAAP legal coverage and its creation contextual to its first lending are specifically designed to allow and conceal the simultaneity of its acquirement and its first employment, so that the booking of its first employment conceals the fact that its acquirement out of nothing in the hands of the banker is NOT booked.
However, the ambiguity of its nature and the concealment through such simultaneity of its birth do not interlace much. In the sense that claiming that it is not money can’t deflect the charge of false accounting. Purchasing power is a resource, an asset, and as such it has to be booked, regardless of the fact that it is in monetary form or not. The colonialist had no trouble booking his stolen blood−shed gold only because it was not in monetary form. If, while walking, the banker stumbles upon a gold nugget, a petrol can, a hypotetical bearer promissory note and a banknote, well, he is required to book all of them as active occurrences, not just the banknote. His scriptural “money” does have the same purchasing power anyway, regardless of whether it suits the banker and his mates to call it money one minute, or not money the next minute.
It is worth emphasising that concealment and code of silence are the main strategy used everywhere in the field of moneypulations, and that the consequences are two: this is the first and foremost enemy’s strategy to know and detect wherever it is applied, and we should never be caught unaware by how deep it goes.
