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john kelly's avatar

""...That word is “Consent.” It is even enshrined in the paramount document in history that is heralded as the beginning of freedom in the modern world, the Declaration of Independence, wherein it refers to government “…by the consent of the governed.” That sounds important and lofty ... "" There is a duplicity which implies that the government needs the citizens' consent, as in servant of the people, but in fact the citizen "consents" to be governed, and becomes the servant of the "Government" . The Citizen is thus 'enslaved' whether he supports the government actions or not.

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Marta's avatar

How is the man on the ship both Grantor (which I understand) and the Guarantor (which I don't)?

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Travis Nolan's avatar

The man is voluntarily granting his future labor (the corpus is the trust) thereby guaranteeing performance in the future through bonding himself via a debt obligation in the present.

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Marta's avatar

Ok, thank you. I understood Ken to say that there are three pieces to a trust: the grantor, the trustee, and the beneficiary. Does every grantor trust also have a guarantor?

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