FEDERAL RESERVE CONSPIRACY - Murray Rothbard

The Federal Reserve is a maritime lender and insurance underwriter to the U.S. The subject matter insured by the Federal Reserve is the Public National Credit System. Which is a maritime venture for profit under limited liability for the payment of debt. If you have a Social Security number the you are surety for all of it. Americans are the surety underwriters for the national banking system, derivatives, Social Security, and the Federal debt.
Fractional reserve banking and non substantive tender (legal tender) cannot exist in the Common Law only in Admiralty and Maritime Law (Roman civil law). And when the credit commune is entered the individual forfeits payment of debts and substitutes a mere discharge of the obligation in it's place. The individual lost access to their Common Law rights and was handed civil rights, AKA privileges.