That is in essence the distinction between handling insurance notes, awaiting claim and lawful money.

Quote Originally Posted by Keith Alan View Post
Maybe it is backwards. I'm still trying to get a handle on it, which is why I started the thread.

I'm questioning all of it, from top to bottom. I recognize it's a private credit scheme, but at the same time, the currency is legal tender for all debts, so it's also public. Also, since citizens of the US are citizens subject to the jurisdiction of the US, doesn't that make them public citizens? And aren't citizens of the US engaged in interstate commerce when using the currency?

It's all very confusing.