Dude, Where’s YOUR Equity?
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I didn’t start looking for THE PERSON’s (CONSUMER) EQUITY until taking on the role of SHAREHOLDER for a PRODUCING ENTITY.
Remember the TRANSACTION I love STARTing with?
_____________________________________________________________
DR Cash (See: YOUR Paycheck, that you EXCHANGEd your TIME for*)
CR Common Stock (See: YOUR Corporation’s No Par Value Shares)
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What we’re doing here is REGISTERING money of EXCHANGE as money of ACCOUNT on a CORPORATION'S BOOKS, this is called SHAREHOLDER EQUITY.
I don’t get to do this with THE CONSUMER, the only advantage I have is not giving a fuck about the RECEIPT when the taxman comes because the CONSUMER doesn't get to use EXPENSES… So is it an advantage, or have I been programmed to BELIEVE it is?
Do you see this MECHANISM yet?
Why can a CORPORATION do this?
Why can’t THE PERSON YOU POSSES use MONEY OF ACCOUNT?
So we START AGAIN at the TITLE.
Dude, Where’s YOUR EQUITY?
THE CORPORATION ISSUES SECURITIES TO SHAREHOLDERS WHO REGISTER (INVEST) MONEY OF EXCHANGE FOR MONEY OF ACCOUNT.
The PERSON has NO MONEY OF ACCOUNT that you can BENEFIT from, it's a SECURITY that is NOT YOURS because it’s IN RECEIVERSHIP, ONE can LIEN the shit out of it to stop others from USING it and thus make ONESELF the SUPREME AUTHORITY of the NAME; but until ONE has a PRODUCING ENTITY to ACCOUNT for its AGENT they can ONLY be a CONSUMER.
Chris and I spoke of this and he asked me about the TRILLIONS of dollars of NEGATIVE ACCOUNTING that the CONSUMER’s EQUITY consists of and inquired.
“You want a piece of it?” (the EQUITY)
No, I’d rather start at NOTHING thanks.
If I want MONEY OF ACCOUNT I need ACCESS to the ACCOUNTING, every corporation has shareholders, every transaction has DEBIT(S) AND CREDIT(S) that ALWAYS equal ZERO if you’re doing it right.
DO the damn ACCOUNTING, leave the CONSUMER behind, just make sure it has a valid PASSPORT and any LICENSES YOU REQUIRE.
So... you're looking at ACCOUNTING, and you see a big scary “beast” in front of you, and you stop in fear of what you don't know. The trick is to move that fear behind you so that it pushes you forward, my perception of ACCOUNTING is much different than it was before, I see ACCOUNTING in front of me as a means of “freedom” and I see Communism behind me coming up fast.
Motivated yet? Good!
Step1
Drop the FREEDUMB, learn what a CORPORATION IS, you will never progress past this step otherwise.
Step 2
Do the ACCOUNTING 101 for A CORPORATION that YOU know all about and TRUST, no one knows more about a corporation than the BOARD OF DIRECTORS. Where does the DIRECTOR’s MANDATE come from? [agency, agency, agency]
Step 3
PRODUCE _________________________________ [fill in blank] as a REGISTERED AGENT of your new PERSON in COMMERCE while you VERIFY WHY #ScottIsAlwaysRight.
I know that I could be way further ahead than where I am now, but I did NOT DO the ACCOUNTING in all that time. If I had acted as AGENT OF A PRODUCER instead of AGENT OF THE CONSUMER then I’d have two more years of ACCOUNTING on a PRODUCER’S BALANCE SHEET… GET IT?
Setting up A [Indefinite Article] CORPORATION isn’t difficult, but it has to be done according to the rules in one’s JURISDICTION of incorporation. There are no FREEDUMB short-cuts, one must play by the same rules as everyone else, business license, permits, insurance, etc. all AS REQUIRED for one’s specific industry in the JURISDICTION one decides.
Here's an idea I can get behind.
https://flagtheory.com/the-foundation/