Originally Posted by
Michael Joseph
I think that US v THOMAS is a key to comprehending the nature of that certificate. It says that FRN's are understood by the RESERVES of the bank of the United States. And since it is written into law that one can make a demand upon that bank in accord with 12USC411, it stands to reason that the certificate is evidence of an interest. Consider how would it be possible for one who is without an interest to make a demand upon an uninterested party? That would be a trespass of the worst kind.
Said another way to claim a right in a contract of which one is not a signatory [subscriber] is a vile trespass.
I agree with BLBereans. FDR established the trust accounts thusly the creator/settlor has the administration and perhaps both the legal and equitable titles to the account; however, a use might be granted whereof we as grantors in faith are given access to the bank as consideration; and, thusly I model the BC as an access easement into law so as not to trespass. Otherwise, I am unable to accept any right of which I am not a party to the original contract.