Debt

[shikamaru]

(This seems as good a place as any...)

I don't know why, but it just occurred to me that if you're holding FRN's, you're a trustee charged with using them according to their purposes as defined in the codes. Even if your FRN's are on deposit in a bank, since you're entitled to withdraw them at any time, your fiduciary responsibilities never stop.

Now, what if you're holding lawful money in the form of FRN's? What is your relationship to the trust?

FRNs are obligations of the United States and liabilities of the Federal Reserve.

Am I the United States?
My understanding is that the United States is a society, association of States.

Perhaps 14th Amendment citizenship was designed to create new constitutors to service the debts of the United States? The benefit, of course, is tenure of the office U.S. citizen.