[Skepolitic]

Amazingly, the Feds have used this case to extend the definition of “domestic terrorist” to include a guy that mints 0.999 fine silver “rounds” and encourages others to use them in trade. The guy’s fraud was not related to the weight and purity of his minted rounds, but to the allegation that the rounds could be confused with US coinage.

It is perhaps justified for a national government to protect its monopoly on seignorage by imprisoning and confiscating the wealth of private citizens that threaten its seignorage privilege. However, for the Feds to call this guy’s actions “domestic terrorism” is a real stretch, and strongly suggestive of just how scared the government is that its massive and multiple Ponzi schemes are about to collapse.

[GeronL]

I thought we were free to trade gold and silver amongst outrselves. Isn’t gold and silver “legal tender” by default?

[phockthis]

So the Federal Reserve was jealous of the quality of his coins!!!

[Grut]

Amazingly, the Feds have used this case to extend the definition of “domestic terrorist” to include a guy that mints 0.999 fine silver “rounds” and encourages others to use them in trade. The guy’s fraud was not related to the weight and purity of his minted rounds, but to the allegation that the rounds could be confused with US coinage.

“Attempts to undermine the legitimate currency of this country are simply a unique form of domestic terrorism,” U.S. Attorney Anne Tompkins said.

Sweat, Bernanke.