TheBookkeeper

Bank Nationalization: It's Just Plain Wrong

www.pbs.org/moyers/jou...

Bank Nationalization: It's Just Plain Wrong

ClydeDNA This movie
www.pbs.org/moyers/jou...
is surely designed by the present state of the mind of economists. Money is book-keeping's debit system. A great deal of economic exchange takes place without the assistance of banking at all. Our culture needs to understand how a proper double-entry book-keeping framework works if we are to even begin to understand how money works.

The role portrayed in this film, of banks being exclusive money lenders, is completely misleading. as to what makes a well run culture successful. Yes is true that banks, particularly since book-keeping is being done by bogus book-keeping software, have become corrupt. But to get a handle on how a culture trades it goods and services, you have to look at those goods and services, and not at the money that is so easily corrupted by schemers.

This film is a bad joke on unstudied minds, which includes most of today's economists who believe that economics can be expressed mathematically. It cannot. If one studies book-keeping in the detail that this film attempts to study money, they would find that book-keeping, and the money supply, are in fact grammatical language. There is a subject, predicate, and object involved in every business transaction. The object is a story we live by. That our culture, as story, is so badly corrupted today is the work of liars, not miscalculation. Book-keeping, after all, can be precise without going beyond simple arithmetic. If you want a clear picture of today's best alternative solution view this interview:
www.pbs.org/moyers/jou...

Is There a Margin of Safety in Financials?

Wouldn't this be a good time to reevaluate how well double entry bookkeeping practices are being followed? The more closely the double entry bookkeeping rules are enforced the more transparent the financial facts. Why sit on the sidelines and watch for what is going to happen when a proper bookkeeping can be telling you the facts right in the here and now? That you don't know is proof that the rules are not being followed.