Don't Loose Interest:
          Most younger members of a Family loose interest if they are not paid for their efforts - particularly in a Small Family Micro Business.

          Mum would loose interest too.

 No Cash in Hand - Money in the Bank:
          Sometimes there is no "cash" left over to pay anyone - particularly when first starting up a Small Family Micro Business. But there is always "money" to pay our internal Accounts and keep them and our book keeping up to date.

          And all legal "money" movements must be recorded for tax purposes weekly, not at the end of the year - otherwise the ATO may disqualify them.

          How can this be?
          Most people just starting up a Micro Business have a restricted idea of the different forms of finance. Once upon a time employees or servants were paid "cash in hand" (coins) at the end of the working day.

          When that was spent they were broke.
 
           Along came Credit:
          Then along came "Credit" for servants and the broke folk were able to "tick" up their purchasers at the local store - just like the Rich folk. They established an "Account" at the Store.

          Credit is not "cash" - but it is a form of "money".

          You can't take that Store's "Credit" and spend it down the road as you would "cash" money.

          An Account:
          An Account is not "cash" but it is "money" or at least it is involved in "money" and the money value or balance of that Account is redeemed with "cash". In effect you are giving an IOU (I owe you) which was a letter or note to this effect if you borrowed from someone or had a bet you were unable to pay with "cash" at the time.

          Break Both Arms:
          When the wage earner is paid "cash in hand" he comes in to pay his/her Debt Account on time. If he does not pay his gambling debts on time a heavy usually calls and asks nicely for the outstanding debt --- or he will break both of your bloody arms. This is not the done thing for the Rich because --- well Because!

         Coin of the Realm:
         Once "cash" was only a token - like our metal coins - the weight of which in a particular metal - gold, silver, copper etc. was the actual value of that metal and good to trade between merchants from all over the known world. Usually it had the head of the Realm molded into one side called "heads" the other side was er "tails"

            Consider:

            Realm here has a relationship with Real Estate. Real is Spanish for Royal and so the land - Real Estate - is owned by the Royals or the "Crown" - the Realm. If you don't pay rent (rates) on your land the "Crown" in the form of the Local Government (Council) will take it over and sell it for back rent/rates.

         In Australia we have a problem as to which Realm the land belongs. The English Crown or the King (Royal/Chief) of the Indigenous (Aboriginal) people. At present the Aboriginal people are paid de-facto rent for the use of their Real Estate by the Federal Government in the form of Government Grants.

         Bank Notes and IOUs:
         Now we have a Bank Note  which is something like an IOU and called "legal tender" which does much the same thing as coin providing the legal tender is backed up by a responsible Bank. It's hard to destroy coins but easy to destroy paper money - which benefits the Bank who issued it.

        What do Banks do when your paper money is burnt or flushed down the toilet. YOU LOOSE!

         But with Vampire you will win over the Banks at last!  (read on)

         Banks go Broke:
         Sometimes Banks go broke and if you have their "paper" it is not worth the the paper it is printed upon - unlike the old coins.

         Credit Cards:
        Lately has come Credit Cards from Banks which allows you to spend at any Store etc. And some Stores even ask if you want any "cash" out. The goods are put on "tick" to be paid for at the end of the month. OK? And the Bank now takes over the Account for a % of the cost involved - a bit like Factoring - and pays the Store or whatever.

        NB. Getting your "cash" at the Store (with the groceries) through "EFTPOS" is the most efficient way of Banking withdrawals of the future.

         The Statement:
         Your Credit Card Account had a Statement sent out each month by mail, showing you the type of Transaction, what money was spent (Debit), or what "cash" etc. was deposited (Credit) and what remained of the Balance - either in Debit (you owe) or Credit (the Bank owes you)

          Bank Charges:
          There were/are also charges involved - nothing is free - by the Banks and/or the Government to
            make their profit.

        Other Services:
        When Computers put Bank Clerks and Managers out of work the CEOs of Banks found that any financial matter could be more efficiently attended to by the Computer. Soon notes - paper money, cheques, IOUs - even share certificates - will be a thing of the past.

        More than One Account:
       All family members can and should have an Account at the Bank. If they are all at the same Bank so much the better. Most Bank Accounts now have Cards for using when the Bank is closed: 1,000 Kilometers away or just to save time - and money. An ATM (Automatic Teller Machine) using plastic Bank Cards is located almost everywhere and most will access any if not all major Banks.

        Linked Accounts:
       Linked A/Cs mean that all Accounts can be accessed at the same time to transfer "money" from one Account to and from each other. Obviously this is dangerous either within the family and/or should a family member fall victim to a Highway Robber.

         Highway Robbery:
         Instead of stealing, highway robbery crooks will now beat the shit out of you for your "Pin Number" when they take your Credit Card in your wallet. 

        So now the new money of the future is a "Pin Number". A different form of security is needed to protect the electronic "money" foot prints or Credit wealth of a family.

        If you are walking down the street swinging a Croquet mallet, thugs will usually get the message.

         They know that a little old lady can split two balls from one end of a lawn to the other with her  Croquet mallet.

       (We teach this little known form of armed combat on the Gold Coast or at Wanaka. Some Croquet mallets can be fitted to be fired or can spray capsicum gas while others have a concealed two foot sword with a double sharp edge. Others can be used to launch rockets.

 Woops! Hey! Wrong page - I was writing a script for a James Bond movie) 

        Banks Borrow to Lend:
        When you put cash or money into your Bank Account they give you a "Credit" which they Balance with a "Debit" they owe to you. 

        Now your "cash" is not, as many believe, taken down into a big vault and stored under a heavy brick. Instead, it is loaned out as "money" and "Interest" is charged on the loan - the traditional way Banks now make their income.

         Other charges are involved to make sure Banks don't go broke  and lots of people criticize this rather than taking legal advantage of the system.

        Banks sometimes pay you Interest on the Credit Balance of your Account.

        Sometimes they just take the small balance to pay their overhead charges - considered immoral by some Bank clients.

 Continued next (right) Column. Scroll Up

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      Leverage makes it Interesting:
      But because Banks are as safe as.... Banks ... and have an understanding with the Government they lend out 10 times as much money as they currently have. Or, if you deposit $100 they lend out $1000 so they make Interest on "money" they don't actually have.

        Moralizing:
        This is not a criticism of the Banks - just an indication of how things work for the Rich. Moralizing is just another form of criticism. Criticism is usually a case of not really knowing what goes on. Or not being part of it to control it - or get your fair share of the action.

        Critics Cry - Creatives Prosper:
        Some people want others to listen to their criticism about Banks overcharging, bad service, no service or Banks moving out of unproductive areas. 

        Critics are needed to allow the poor people to agree to something. They thereby enjoy a little gregarious fun kicking someone or something that can't kick back. Rent a Crowd!

         But Banks have a responsibility to their Creative Shareholders and Depositors (including the poor) to stay afloat. Thus they can *now earn a profit to pay Dividends and Interest to the people who take the risk in putting their money where their mouth is. 

        Also the Banks employ people and some even pay Tax to the Realm.

         *Once upon a time the sin of ursuary (charging interest on a loan) was unforgivable in the Christian world. How times do change.

        Enough Background and Criticism:
 
 Please explain how a Vampire can help to MacRob a Bank

        OK!    Don't get your knickers in a twist 
 

         The average Australian family who can MacRob a Bank Legally comprises a Husband and Wife with three Children. Each is able to have a Bank Account and, should the family have a Partnership Tax File Number and ABN, there could be six Accounts.

        How the Poor Operate outside a Bank:
        The average amount of cash money put on the kitchen table by a PAYE Income producing husband for the weeks expenses (food etc.) is $300. In a working class family there is usually no accounting of this $300 other than that it goes to "pay for the groceries and other goods and services".

        How the Rich Open the Bank Door:
        In a Micro Business Family the $300 of "electronic money" would go to pay the internal Accounts - wages etc. - then the food. 

         Before the age of the Computer this was a big job with time involvement with cheques, etc. But with Electronic Bank Transfer it is now done efficiently at the speed of light - almost effortlessly and without mistake ---- and more than acceptable to the Australian Taxation Department         (with a few provisos)

                                                                                                          Free the VAMPIRE: 
         In a working class family this $300 cash would amount to $15,000 per year. In a Business Family using "VAMPIRE" the Bank Statements would identify individually, but amounting to over $300,000 per year so the rich Business Class has gotten away with $285,000 of "electronic money" from the Bank ----- per year.

        Impossible!      

        No! Just LBM (Legal Bank MacRobbery)

        Consider the six Bank Accounts indicated above and Family Leverage on Bank Vault Doors.

        If the $300 of "electronic money" per week  were moved through (in and then out) one of the six linked Accounts each week, electronically, the Bank Statements would show:-

        (1) the Date which is most important, then
        (2) type of Transfer:  and in the columns
        (3) DEBIT $300:  and then
        (4) CREDIT $300:  with the final
        (5) Balance: after both Electronic Transfers - showing no change in the Balance of the Account.

           But the important thing is that the first $300 set of "foot prints" needs a "story" or an account.

 (A) Why did someone put $300 in this account as a debit in some other account?

  (B) Why this account owner accepted $300 as this credit?

         Then we have to look at the second $300 set of "foot prints". 

   (C) Why was $300  transfered as a debit from this account? 

    (D) Who gets the $300 credit from this account and why?

        If it is all done within the family then an account has to be made of 4 lots of $300 ($1,200) each week for each account of each of the six family members. 

        If you understand the principle and the code for one week then you can account to the Australian Tax Office for $300,000 or more for 52 weeks.

        Part of this $300,000 per year contains the $75,000 Taxable Income Exchanged into non Taxable Income available to a Small Family Business. 

        [This transaction is known as "Z-Tax" Zero Tax: Avoidance by Xchange -- Exchanging Taxable Income for non-Taxable Income]

       Of course the food is eventually put on the table - but it isn't put there by the PAYG  Income earner. The PAYG Income earner needs this book keeping if he is to lodge an AITAA s221D PAYG Variation Document to the ATO to have Zero tax taken out of his pay packet.

        Electronic Footprints:
       "Electronic Money" just came into the Account, left electronic footprints, and went on out again to strike elsewhere for the Family Micro Business.

        This one Account has a total movement of $600 using the original $300 per week - but in book keeping this movement causes $1200 of "money" to be accounted for to the Australian Tax Office.

        If you did this to each of the six Accounts and for Business reasons four times at one Account, total amount moved as indicated by the Bank Statements - both Debit and Credit - would be $6,000 per week or $300,000 per year.

        Working Class see the $300 as "Cash" but the rich see it as "Electronic Money" --- $1200 of Money.

        Thanks to the Bank the Rich have made Account Book entries of an extra $900 per week and don't need to pay it back. Hence it must be Bank Robbery as Banks don't give money away for free.

        Bank charges for each Transaction or set of electronic footprints currently 50 cents ($250/annum)

             Take a Break:

               Understanding other "Money" rather than "CASH".
 "Money" comes in lots of disguises.
             Consider a Small Business Family, with the family car used for Business, selling our Flag Leiutenant  Flagpoles or Vampire Croquet Equipment etc.

             The vehicle can be Depreciated by (say) $5000 in a year for Tax purposes.
             Is the $5,000 Depreciation "Cash" or "Money" or "Credit"?
             It is certainly not "Cash" for you can't spend the $5000 at the local Store. OK?
             However, to a person on 50% Tax Rate this "money" realises about $2,500 in saved Tax
                whereas, to a person on 20% Tax Rate, it saves only $1000 ("credit" or "money") in Tax.

   Clear?  NB. If you don't have a Business you don't have a Tax problem with Vehicle Depreciation.

          Good Grief - a PET Vampire:
          If you were to instruct the Bank to transfer "money" each week by filing an Authorizing Transfer Form it would be called a Periodic Electronic Transfer or "PET". So each family would have a "PET Vampire" working for them and it's wages would be something like $250 per annum (Tax Deductible) which is much better than an old fashion BookKeeper.         

        Would you not agree?

        What Next will the Rich Employ?
        Nonsense you say - being Working Class - and you would be right. All these "money" figures would mean nothing at all to you. In fact, they could become embarrassing should the Australian Tax Office ask you to explain the "money" movements in your Accounts - which would be difficult in deed if you were on Social Security.

        But if you were Micro Business Class you might ask:
        How do you know which Transaction entry is the husband's Equity in the Partnership?
        The wife's Equity in the Partnership?
        The wife's Drawings?
        The children's Wages?
        The Taxable  Income?
        The non Taxable Income?  (the $75,000 of non-Taxable Income available to a Business Family)
        Tax deductibles?
        Who pays the Rent?         (what a lousy bastard - he's negitive gearing his own home)
        The income from Rent?

        Who finally pays for the food on the table?
and moreover -- if you did buy your groceries from Campbells Wholesale how  would that affect the Negatively Geared Mercedes SE 280 taxwise?

        Good question!   What's your Code to the Bank's Vault Door?  Another good question!

        Campbells might say:-

        "It depends on what percentage you use your Mercedes for private use - if any".

        Of course the Tax Office would need to know the Code too - but of course, by then, you'd tell 'em if and when they asked.

        Would the Bank need to know the code? 

        For what reason would anyone other than you - the book keeper - and ATO need to know?

         Like State Bank's Viridian and Virtual, Vampire is just another program to make your "money" work more efficiently and effectively in Business.