The Federal Reserve System is a sovereign power structure separate from the federal United States government ;

Assets of the debtor
can be hypothecated (to
pledge something as a security
without taking possession of it.) as
security by the lender or underwriter.

"Hypothecated"

All property within the federal
United States to the Board of Governors of
the Federal Reserve, - in which the Trustees
(stockholders) held legal title.

The U.S. citizen (tenant, franchisee)
was registered as a "beneficiary" of
the trust via his/her birth certificate.

In 1933,
the federal United States
hypothecated all of the present and
future properties, assets and labor of
their "subjects," the 14th Amendment
U.S. citizen, to the Federal Reserve System
http://adask.wordpress.com/2011/02/23/the-bankruptcy-of-the-united-states-james-traficants-speech/

To illustrate the issue of title,
consider your car. Do you own it?

Even if you have a
"Certificate of Title," the answer is No.

You have equitable title to your car,
but the state has legal title and therefore
owns and can control the vehicle.

Be­cause the state owns legal title
to "your" car, it can force you to
license, register and insure the vehicle.

If you had legal title,
the state could not subject
you to those requirements.

However, since you're only entitled
to possess and use the car, if you fail
to meet the state-owner's rules, you can
be ticketed, jailed, or even compelled to
forfeit the "state's" vehicle.

How do you gain legal title to something?

Primarily by paying for it with
lawful money (gold & silver); by
paying with a "medium of exchange"
(exchange of legal titles) rather than a
"medium of transfer" (transfer of
equitable titles).

Most people would be astonished
to understand that it's legally impossible to
repay your loans with modern debt-based
currency like Fed­eral Reserve Notes.

The reason is simple :
You can't "pay" a debt with another debt.

Given that our FRNs
are all loaned into existence,
they're all "debt-based" (promises
to pay) and can't truly "pay" for anything.

As a result,
we can't own (buy legal title to)
any prop­erty purchased with FRNs
http://adask.wordpress.com/2011/02/20/the-nature-of-money-greater-fools-frns/

Adask's law
· The Profit of Injustice
http://adask.wordpress.com/