Are banks loans Ponzi schemes? Only you can come to this conclusion based on the evidence presented in our earlier episodes. Banking policies were revealed from their own publications on their process of the creation of money which is not loaning other depositor money and the use of transaction accounts as money. Applying the accounting principles below, will get you started in preparing yourself in the future to either challenge the validity of the debt or build up your assets and play the game in a position of power. Basic Principles of Accounting GAAP incorporates three components that eliminate misleading accounting and financial reporting practices: 10 accounting principles, FASB rules and standards, and generally accepted industry practices.