The Certificate of Live Birth is a Pledge Document

[David Merrill]

You were twelve; I was fifteen, I have a copy of my application.

Somewhere along the line of age; contracting with a minor doesn’t seem right to me.

Where is that law that made contracting with a minor legal?

After my parents (born in 1914) passed I called ssa and ask them where are my parents contributions at? They wanted to know why. Told them I want my family to have what my parents never had a chance to use returned. Gone was the reply.

Years later I called them and said I wanted to stop with contributions and start my own OADI and they talked about the credits, my credit have been there for years; the end result was I need permission form the irs.

Such a great program gone bust.

Thanks for the link Chex!


You just explained to me why there is no funded account available through SSA. Did the IRS give their permission?

[allodial]

But yet the SSA has a routing number and is a member of the Federal Reserve Bank. Consider also the alleged 3 year limit on refunds, the law of escheats, federal/State/DC law on unclaimed property and societal asset pooling. Perhaps the accounts remain at zero balance until there is activity?

Where is that law that made contracting with a minor legal?

Perhaps its to do with a kind of "ratification" that might result from continuing with "the Game" past the age of infancy (21 years) that might be worth considering? That is, if John Henry reaches attains twenty one years of age and continues holding himself out as accommodation party for JOHN HENRY DOE... well likely you get the idea.

[David Merrill]

But yet the SSA has a routing number and is a member of the Federal Reserve Bank.

I want your source for these two assertions please.

Did the IRS give their permission? Nein

Did you ask, or just presume their answer?

[allodial]

I want your source for these two assertions please.

Per your request and for general edification.



From one of many bank routing number databases.

Note the Service Number corresponds with FRB RICHMOND (ala BALTIMORE, MD). And the 65 also corresponds to FRB RICHMOND for ELECTRONIC TRANSACTIONS.



The following is from a publication of the Federal Reserve of St. Louis called "Payments Quarterly" (snippet is from 1996).

[allodial]

The above should clarify the '65' and difference between ELECTRONIC and other routing numbers. Again both 05XXXXXXX and 65XXXXXXX correspond to FRB RICHMOND which corresponds to BALTIMORE, MD 21235. To knowledge, the SSA is prohibited from originating paper checks and must go through the U.S. Department of the Treasury when doings so. Caveat: while it could be possible that the SSA is not technically a member of the FRB--however it is clear that the SSA has been assigned an ABA routing number. The link between the SSA and the FRB is detailed somewhat at Title 31 of the U.S. Code of Federal Regulations.