Posted on 04/04/2011 10:20:04 AM PDT by JoeProBono
RALEIGH, N.C. - Federal prosecutors on Monday tried to take a hoard of silver "Liberty Dollars" worth about $7 million that authorities say was invented by an Indiana man to compete with U.S. currency.
Bernard von NotHaus, 67, was convicted last month in federal court in Statesville on conspiracy and counterfeiting charges for making and selling the currency, which he promoted as inflation-proof competition for the U.S. dollar....
(Excerpt) Read more at hosted.ap.org ...
The problem is that no currency can ever hope to keep up with the rising number of leftist idiots. Only .00001% of the population will have currency and the rest will be rampaging like wild animals until they are permanently put down by the .00001%.
why is it counterfieting? itz not the same as the current u.s. coinage...i thought states or individuals could print their own as long as they didnt say it was the real deal that comes out of the u.s. mints....
“Attempts to undermine the legitimate currency of this country are simply a unique form of domestic terrorism,” U.S. Attorney Anne Tompkins said in a statement after von NotHaus was convicted.”
####
So when exactly, Ms. Tompkins, will you be handing down your indictments against Federal Reserve officers and the chimps in both houses of Congress?
Ridiculous...He’s guilty of nothing. It’s really lies in the art category.
His so-called ‘counterfeit currency’ is worth way more than its face value.
The Fed just wants to steal his silver under color of law. Disgusting.
Here is the beginning of a new government seizure of private gold. It’s Roosevelt all over again.
Well said. The only ‘legitimate currency’ of the US is Gold and Silver - as stated in the Constitution.
Has anyone ever noticed that in countries like the UK, private banks print (or use to) their own currency? (pounds sterling)
As long as they meet the legal US standard for silver and gold coins they should be allowed.
Here is the beginning of a new government seizure of private gold and silver. It’s Roosevelt all over again.
http://en.wikipedia.org/wiki/BerkShares
1) what would have been the result if he didn't manufacture coins? What he rather minted made small ingots, with some completely odd design on them? ie) something that didn't look like a coin? Currency is whatever society declares as a store of value, so something unlike a coin would have served the purpose of "store of value" just as well. The Chinese used "taels" of silver for millenia (see below). Its clear this man was making a political statement by minting "coins."
2) It is interesting the "southern law poverty center" is involved. What interest does a "civil rights" group have in a someone who is opposed to the FED??? (rhetorical question?)
Yep, should have made something that didn’t scream “I’m a coin” when the average person looked at it.
Personally, I would have made it in the shape of a ring.
Whoever falsely makes, forges, or counterfeits any coin or bar in resemblance or similitude of any coin of a denomination higher than 5 cents or any gold or silver bar coined or stamped at any mint or assay office of the United States, or in resemblance or similitude of any foreign gold or silver coin current in the United States or in actual use and circulation as money within the United States; or Whoever passes, utters, publishes, sells, possesses, or brings into the United States any false, forged, or counterfeit coin or bar, knowing the same to be false, forged, or counterfeit, with intent to defraud any body politic or corporate, or any person, or attempts the commission of any offense described in this paragraph— Shall be fined under this title or imprisoned not more than fifteen years, or both.
USC 18 § 2. Principals
(a) Whoever commits an offense against the United States or aids, abets, counsels, commands, induces or procures its commission, is punishable as a principal.
(b) Whoever willfully causes an act to be done which if directly performed by him or another would be an offense against the United States, is punishable as a principal.
Don't hold your breath:
"It is a grave error to suppose that a dictatorship rules a nation by means of strict, rigid laws which are obeyed and enforced with rigorous, military precision. Such a rule would be evil, but almost bearable; men could endure the harshest edicts, provided these edicts were known, specific and stable; it is not the known that breaks men's spirits, but the unpredictable. A dictatorship has to be capricious; it has to rule by means of the unexpected, the incomprehensible, the wantonly irrational; it has to deal not in death, but in sudden death; a state of chronic uncertainty is what men are psychologically unable to bear. "
--Ayn Rand
Who is John Galt?
Whoever, except as authorized by law, makes or utters or passes, or attempts to utter or pass, any coins of gold or silver or other metal, or alloys of metals, intended for use as current money, whether in the resemblance of coins of the United States or of foreign countries, or of original design, shall be fined under this title [1] or imprisoned not more than five years, or both.
$38.60 per ozt today
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.