Finally -- The Last Big Component of the Money System: Loan Contracts

The First Shall Be Last.

Bank loan contracts are what creates money in the current money system.  Debt creation continues in the overlay of  Currency and Account but instead of loan contracts being the upfront creator of money from thin air it is a downstream financial entity that draws currency established by the Currency Component for loan into the Account Component.

Loan Contracts not only create contractual debt agreements but keeps track of who owes what to whom, contract administration and receipt of payment on loans.  Each loan contract is identified to a unique identifying ID.

While loans financing are the big business of banks and at a lower level that becomes overlaid by my monetary system scheme it is no longer the top level dominating entity of the monetary structure.  That explains the first sentence in this blog entry.

Banksters will think they rain the top dogs of money until this proposed monetary structure teaches them their place in the scheme of things.  What that scheme does is take the power to create money from nothing away from Banksters and requires them to use pre-existing dollars from the currency system and return them to the Currency system revolving fund  pool as debts are paid.

System mission accomplished!