One of this blog’s readers wrote in part, “The federal citizens has a right to hold property, but due to his status and his use of legal tender [Federal Reserve Notes] it appears he cannot hold the absolute title to or estate in the land as can white citizens and free inhabitants can (if they pay for the property rights with a lawful tender of gold or silver coin I would suspect.)”
Paying with gold or silver is not necessarily a perfect solution because you can’t buy what another man does not own.
For example, suppose you wanted to buy a house and a piece of land from me. If you paid me with gold and silver, in theory, you could buy both legal and equitable titles to the property.
But what if I had previously purchased the property with Federal Reserve Notes (FRNs)? I would apparently have equitable title to the property, but I would probably not have legal title to the property. Legal title would probably be held by the federal government and/or the Federal Reserve. As a result of using FRNs, the land would fall into a trust relationship wherein I was the beneficiary and the federal government and/or Federal Reserve was the fiduciary. I could “use” my land, but they would control it.
Assuming this “divided title” theory is valid, no matter how you paid me (gold, silver or corn cobs), if I only had equitable title to the property, it seems to me that I could only sell equitable title. I could not sell legal title (even if you paid with gold) because, as beneficiary, I don’t own legal title.
Assuming the “divided title” theory is valid, one great object is trying to extract legal title to property from the government/Federal Reserve after the property was even once purchased with FRNs.
In fact, if you’re looking for land to buy, you should look for farmland owned by a farmer who inherited his land from his father and probably his grandfather. Legal title moves by descent from one generation to another by means of wills. If some ancestor bought the land prior to A.D. 1968, maybe A.D. 1964 (when we stopped using silver in our money) and perhaps even prior to A.D. 1933 (when we stopped using gold), that ancestor bought both legal and equitable titles to the property. Those titles would “descend” to his heirs by means of his last will and testament. The heirs (who never purchased the land with FRNs) would retain both legal and equitable title and could therefore sell both titles to a buyer who bought with gold or silver rather than FRNs.
Do you see the apparent danger in FRNs? Once any property is paid for in FRNs, in theory, the legal title to that property may be lost to the “black hole” of government and/or Federal Reserve. How do we redeem legal title from the government and/or Federal Reserve?
On the other hand, do you see the enormous value in farm land (or any other property) that was bought by an ancestor prior to say, A.D. 1960 and then descended by will (rather than purchase) too the current owner? If you could truly own legal and equitable titles to your land and to your home, your status might be increased dramatically to something very much like that of a free man.
I’m not sure you’d even have to pay property taxes on land if you owned legal title to that land. I’m not sure that you could pay property taxes in the medium of FRNs on land if you owned both legal and equitable titles. I have hunch that property taxes paid for with FRNs only apply to property held by equitable title. It might be true that property taxes on a property which the owner held legal title could be paid only with gold or silver. (See Article 1.10.1 of the federal Constitution: “No State shall . . . make any Thing but gold and silver Coin a Tender in Payment of Debts.”)
Let’s assume my notion is valid that those who pay for property with FRNs only receive equitable title, and the legal title goes to the federal government and/or the Federal Reserve. Under these circumstances, you and I as purported “property owners” would actually own only equitable title to our land and properties. When the county tax assessor came to determine how much tax you owed on you property, that assessment (if paid with FRNs) would seemingly apply only to the equitable title to the property.
So it occurs to me to ask, What about property taxes on the legal title to the property? What would happen if enough people in a small community banded together to elect officers to their county tax assessor’s office, and took control of that office, and were able to discover (as per my theory of divided titles) who or what actually held legal title to all the properties within that county? What if they discovered that legal title was, in fact, held by the Federal Reserve? What if they assessed a property tax on the legal titles to all of the land held within their country? What if they assessed a property tax in the form of gold on whoever hold legal title to the properties within their county?
It may well be that the law reads that whoever holds legal title is not obligated to pay any property tax on that property. It would be extremely helpful if that possibility could be confirmed–if only because such knowledge would infuriate the public when they discovered that 1) they don’t really “own” their property; and 2) they are obligated to pay property taxes while the real “owner” is not. The resulting political storm might make a positive difference in this country.
But it might also be that, if your county assessor’s board sent bills for property taxes denominated in gold to whoever holds legal title (presumably the federal government and/or Federal Reserve), whoever actually held legal title might lose their appetite for retaining that legal title if it would cost them some gold every year. Faced with the threat of having to pay gold as property tax on all the properties the Federal Reserve theoretically holds legal title to, the Federal Reserve might choose to abandon those legal titles in order to retain its gold. On the other hand, if the Fed did not abandon legal title to the party who already held equitable title, the county might enjoy an yearly influx of gold from the Fed.
So, I wonder . . . . might it be possible to take control of your country property assessor’s office and use that control to at least discover who owns legal title to properties within the county . . . . and, if the owner of legal title is some distant entity like the Federal Reserve . . . impose a property tax in terms of gold on that property?
Would it be possible to use the threat of charging a property tax denominated in gold on the holders of legal title to collapse the FRN-based trust and reunite the legal and equitable titles to property in a single owner’s hands?