RUN MICKY RUN!
I guess the FEDS just don’t like someone who shows the public how valueless their dollar has become.
How are his coins different from Barter? Barter is legal and one would be bartering his coins for goods and services.
Putting ‘USA’ and ‘Dollar’ on the coins was not a very smart thing to do ...
Our G.I. obamabucks can not take competition with actual cash value currency.
If the guy had printed gold coins with Snoopy or Bugs Bunny on them, he wouldn't be going to jail. Heck, he could even have called them "currency" or "legal tender". Casinos do it all the time, with no ill-effect. Instead, he printed coins with the "$" sign, and phrase that almost mirrors "In God We Trust" and several other points of similarity. That was his problem.
No matter how dumb or stupid a guy is he can be assured of finding lots of support here.
Every crook in the world would be happy to pass his own “currency”. What next, some one passing shinplasters will find support among the deluded?
Who verifies the gold or silver content of a coin?
Gullibility is not limited to the Left it appears.
I know that someone 100 yrs ago in San Francisco “minted” their own money and people accepted it. I can’t think of the name, though
The Constitution gives Congress the sole power to coin money and regulate its value. This guy was clearly working outside of constitutional bounds. I just don’t think terrorism was the right charge.
Abandoning the dollar does not make any sense. Nor is it that simple.
There are over 200 years of economic development, infrastructure, language and technology that fits into this equation.
Globally, the language of business is English and dollas US. The greatest innovators and inventors are still in the US.
They are not in the mideast as the marso muslim hussein wants us to believe. He is over the top on his muslim outreach and support of the caliphate.
Our government does not like competition and they do not want citizens able to chart their own destinies. Anything can be done to you as long as the feds attach “domestic terrorist” to the proceedings.
If one sells an old silver dollar coin for more than one dollar in paper money, does that constitute “competing with government money?”
Bernard von NotHaus (not his real name) was running a scam.
I quote from his now-defunct website:
Best Offer is to become a Liberty Associate for $250.
Why exchange Federal Reserve Notes (US dollars) on a dollar-for-dollar basis when you can get the Liberty Dollars at a discount and use them at a profit.
Want to earn money, do good and have more fun? Then become a Liberty Associate for $250.
You will immediately receive $100 Liberty Dollars and all your future currency exchanges will be at the special discounted Associate Rate that is posted at the top of the Liberty Dollar home page.
Plus you can earn a $100 Referral for every Associate you sponsor. Sponsor only two people and you are now up $50 and you are on your way to making a significant difference to our country and its money.
All three bonuses are also included with the Best Offer. Click here to become a Liberty Associate.
It's a classic combination of a Ponzi scheme and a multilevel marketing scam.
It's also unconstitutional.
Congress, and not this unelected clown, has the authority to coin money.
RUN MICKY RUN!
3 Cheers for Detroit's Local Currency
i guess the only difference is that the detroit 'money' is really just worthless coupons whereas this guy was issuing coins with intrinsic value (ie: real money)