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Liberty Dollar FBI raid update
Friday, November 16, 2007
The saga of independent barter currency in the U.S. as implemented by the Liberty Dollar took a dramatic turn the other day as the FBI raided the group's Evansville, Indiana headquarters seizing gold, silver, and 2,000 pounds of "Ron Paul Dollars" featuring the rising Republican presidential candidate.
Here are a couple local news reports:
The Associated Press filed this report:Agents also took records, computers and froze the bank accounts at the "Liberty Dollar" headquarters during the Thursday raid, Bernard von NotHaus, founder of the National Organization for the Repeal of the Federal Reserve Act & Internal Revenue Code, said in a posting on the group's Web site.
Here are a few more links:
...
"They're running scared right now and they had to do something," von NotHaus told The Associated Press Friday. "I'm volunteering to meet the agents and get arrested so we can thrash this out in court."
Wendy Osborne, a spokeswoman for the FBI's Indianapolis office, declined to comment and referred all questions to the U.S. attorney's office for the Western District of North Carolina. Suellen Pierce, a spokeswoman for that office, also declined to comment.
The raid comes eight months after von NotHaus filed a lawsuit in federal court in Evansville seeking a permanent injunction to stop the federal government from labeling the Liberty Dollar an illegal currency.
The U.S. Mint issued a warning this year that the Liberty Dollar violated the Constitution and warned consumers against using them unsuspectingly.
This should be interesting to watch and, given the recent moves by the U.S. dollar versus other freely traded currencies and the world's oldest currency, the timing couldn't be better.
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10 comments:
"The U.S. Mint issued a warning this year that the Liberty Dollar violated the Constitution and warned consumers against using them unsuspectingly."
Funny ha-ha!
I pretty sure gold and silver bullion "violate the constitution", and I don't think barter violates the constitution either. Oh U.S. Government, save us from all the freedom you are taking away anyway!
Stupid uneditable comments.
The really funny part...
NORFED got people to pay US$20 for US$14 worth of silver, sometimes even getting them to accept a "warehouse receipt" instead of metal.
Anonymous--
You know what's even funnier? The US government got people to pay $20 for $0.03 worth of paper... after promising 20 ounces of silver for over a hundred years.
The US Mint charges $22 for the same weight of silver.
I think being undersold is what really pissed them off.
NORFED got people to pay US$20 for US$14 worth of silver, sometimes even getting them to accept a "warehouse receipt" instead of metal.
By the way, do you prefer having your dollars backed by nothing? Seriously.
Yep, NORDFED 'tricked' me into buying one ounce Libertys at $3 more than I would have paid at the local coin store(above spot). Thank God they did that trick back in 2003 and my Silver Liberty Dollars have more than doubled in price. That is no scam. I'll thrilled to have been involved with the Liberty Dollar and opening my eyes to the Fiat money ponzi scam collapsing now.
It's a sad day for personal freedom and Liberty in the United States. I wonder what they will do to all the other alternative currencies in the country, there must be dozens used everyday.
I love the US but this action seems inappropriate and underhanded.
Mark
DigitalMoneyWorld
I always thought these things were a scam, I didn't think they were trying to compete with the mint. Aren't there other barter type systems. Why is this thing illegal and why would anyone actually buy them? I'll go get some copper and make some coins and you can give me real money for them. Minted by J., better yet I'll just use paper.
Does the U.S. Govt. Owe YOU Money?
Hearing about the raid on the national fulfillment office of the Liberty Dollar didn't put me in the fit of pink, but I learned to get over it by donating all of my interest in my unfulfilled orders (that were either curtailed or confiscated by the government on Nov. 14). And to encourage greater participation among bystanders, I've further divided my give-away down to as little as one penny provided that these tiny demands for refund be donated to the Liberty Dollar, Legal Defense Fund to help eliminate the logistical nightmare of the Liberty Dollar staff trying to disperse a mere penny to gazillions of people from the proceeds gained whenever the class action lawsuit is completed. But any demand for a refund greater than, or equal to a dollar, could go to the bystander. Since I can contract-out my property to anyone I choose, and further subdivide my give-away down to ridiculously small fractions, my feeble loss (as great as it may seem to me) can be magnified to potentially include lots of participation from anyone who isn't already involved, but who might now consider the possibility that more than just my rights have been violated, but their's as well.
For more details about becoming involved, go to:
www.I-Rob-You.info
Vinyasi, Liberty Associate of the San Fernando Valley....
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