Originally Posted by
itsmymoney
Yes, the TRUST angle (and associated terms CQU, CQT). Been seeing that throughout other threads here and also by a respected poster on the CB's forum. It appears that the 'obligation' (or not) is very much the topic when it comes to the return of the estate (1040), as it has been referenced. It is true that the money itself is not taxable, but rather the "income" (gain, benefit, profit) as a result of some 'excise-taxable event'.
As I'm interpreting this, exercising a RILM demand ends the obligation of any benefit derived from FRN usage, based on the option of redeeming money solely with the U.S Treasury and not 'contracting' with a 3rd party (the Federal Reserve). If that is true, then it would appear that Govco or the Treasury is 'contracted/obligated' to repay the debt to the Fed from their own coffers and not 'me'.