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Politics : THE WHITE HOUSE -- Ignore unavailable to you. Want to Upgrade?

To: goldworldnet who wrote (11220)	11/21/2007 1:31:41 PM
From: DuckTapeSunroof	Respond to of 25737

That's one way of looking at it I guess (never piss-off powerful bureaucrats). But, there are others. Check out some of the reader's comments on this site: Fed invades Ron Paul coin HQ By Nathan Becker 19 Nov 2007 at 02:22 PM resourceinvestor.com I particularly liked these two: ------------------------ Disney Dollars Posted by Dan Warner on 19 November 2007 @ 09:29 PM I have a bunch of Disney dollars from my last vacation. These are real notes that you can use to buy stuff at Disney stores, therefore they are indeed a private currency. I wonder when the feds will raid Disney? Also, these liberty dollars are more collector items, like you see for sale everywhere. There is nothing wrong with making a round thing out of metal (any metal) and plastering an image on it and calling it a collector coin. Personaly I think there is more to this than Ron Paul's image being on the coins. It is alleged that there is mail fraud etc... I am happy to wait and see what the official charges are and what the outcome of this is before I start crying foul. ------------------------------------- Ron Paul Coins Posted by C Smith on 19 November 2007 @ 03:18 PM The liberty dollar coins are not illegal, and make no attempt to pass for real currency. They are trading silver, gold and copper in exchange for dollars, and the people buying them know exactly what they are getting. Same thing goes for their silver certificates, which work like the US dollars used to. The Fed makes the claim that they are attempting to pass them off as real dollars, which they aren't. You'd never mistake either the silver certificates or the silver coins for a US dollar (though there are some ironic jokes on the certificates such as the word negotiable on the top where non-negotiable goes on a US dollar).

To: goldworldnet who wrote (11220)	11/21/2007 2:07:22 PM
From: DuckTapeSunroof	Respond to of 25737

No Competition for Uncle Sam in the Money Business! Last week, federal agents raided the offices of "Liberty Dollar" in Evansville, Indiana, and confiscated all its property and equipment. The Liberty Dollar is a privately circulated currency backed by gold and silver. There are various forms of Liberty Dollars, but the most popular one is a one-ounce round silver medallion. Liberty Dollars are produced by the National Organization for the Repeal of the Federal Reserve Act and the Internal Revenue Code (NORFED). Led by economist Bernard Nothaus, NORFED has long been a thorn in federal government's side. And now, the feds are getting their revenge. There is little question that the production, sale, and possession of Liberty Dollars are legal. Indeed, in 1999, the Treasury Department's legal team reviewed the Liberty Dollar. Claudia Dickens, spokeswoman for the U.S. Treasury Department's Bureau of Engraving and Printing, said: "There's nothing illegal about this. As long as it doesn't say legal tender there's nothing wrong with it." That, apparently, is the rub. "Legal tender," in essence, means that a particular form of money must be accepted for all debts. NORFED has never claimed that Liberty Dollars are legal tender. However, in recent years, the company built up a network of "Liberty merchants" who accept Liberty Dollars in exchange for goods and services. The U.S. Department of Justice says that federal legal tender laws prohibit the use of privately circulated gold or silver coins intended for use as money. That may have been what led to the recent raid on NORFED. Pursuant to U.S. civil forfeiture laws, the feds seized everything NORFED owns. All their gold. All their silver. All their platinum. All their bank accounts. All their cash. All their computers. They even seized the dyes for minting the coins they produce. Uncle Sam doesn't want any competition in the money business. After all, all forms of currency the Fed deems legal tender like the Federal Reserve Notes and U.S. Mint coins are all totally debased. They're backed only by the American dream, and not by gold, silver, or any other commodity. The fact that the U.S. dollar has declined 30% in recent years is only the most visible sign of this debasement. This recent raid will hardly end the hunger of Americans to possess "real money." But it may well spell the end of NORFED. Fortunately, there are many other ways to purchase gold and silver. U.S. gold and silver eagles, produced by the U.S. mint, are unquestionably legal to buy and sell. If you don't want to take physical possession of precious metals, you can purchase them through organizations such as GoldMoney or the Perth Mint Certificate program. Just don't make any claim that real money backed by gold or silver is legal tender for any debt. Otherwise, the Feds might shut you down, too. MARK NESTMANN, Privacy Expert & President, The Nestmann Group www.nestmann.com