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**NEronchik** · 01-27-2012, 02:18 PM

The government operates under a charter that exists as a charitable trust. This is the only entity in Law that exists as in perpetuity. All other entities expire within 99 years if not earlier. A trust ceases to exist when its' last beneficiary dies or it runs out of funds (or credit as the case may be). The U.S. ran out of money a few decades ago and has been operating solely on credit (mostly because the U.S. dollar is needed to purchase Arab oil). If you believe in its' credit then it still exists. On the other hand it has many beneficiaries so it will likely exist as long as it can pay them in credit that nobody else wants.

I am neither a beneficiary nor accept its' credit. Can't blame me if it survives.

01-27-2012, 02:18 PM	#3
NEronchik Join Date Oct 2005 Posts 404 Senior Member	The government operates under a charter that exists as a charitable trust. This is the only entity in Law that exists as in perpetuity. All other entities expire within 99 years if not earlier. A trust ceases to exist when its' last beneficiary dies or it runs out of funds (or credit as the case may be). The U.S. ran out of money a few decades ago and has been operating solely on credit (mostly because the U.S. dollar is needed to purchase Arab oil). If you believe in its' credit then it still exists. On the other hand it has many beneficiaries so it will likely exist as long as it can pay them in credit that nobody else wants. I am neither a beneficiary nor accept its' credit. Can't blame me if it survives.
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