FBI raids Liberty Dollar office-confiscates Ron Paul Dollars

http://www.rabidquill.com/ ^ | Nov 15, 2007 | "BJT"

[Attention Surplus Disorder]

I am NOT a RP supporter. However, I find this a chilling development and a possible prelude to PM confiscation. Yeah, yeah, Bernard von NotHaus.

[samtheman]

I’m not an RP supporter either. But I definitely think you have the best screen name in FR.

[Red Badger]

Just what is a “Liberty Dollar”?.............

[Badeye]

I want to know why the raid took place, and what the warrant specified before drawing any conclusions.

And most in this forum know clearly I’m not a Ron Paul supporter, either.

[neodad]

I’m not an RP supporter either. But I definitely think you have the best screen name in FR.

I'm kind of partial to "The Real Fifi" myself.

[Attention Surplus Disorder]

Thank you!! I made it up, or at least I thought I made it up, but it turns out that it is/was the name of a very obscure radio show originating from a small college in Vermont, IIRC.

[OldCorps]

bump

[50mm]

I want to know why the raid took place, and what the warrant specified before drawing any conclusions.

I agree. First reports are frequently erroneous. There's no reason, short of a gag order, that Paul can't publish the warrant.

[wideawake]

Your link directs to a different article.

Is there some external link that proves this extremely convenient excuse for not delivering merchandise that has already been paid for?

[mysterio]

FBI pulled down their site as well : link

Waiting to see how many posters are AOK with this theft of private property by our government.

[mysterio]

Edit : home page is still up, catalog is down. So the site is up.

[Moonman62]

Why do I get the feeling that this is about fraud, not minting a legal alternate currency?

[Red Badger]

http://sev.prnewswire.com/banking-financial-services/20071015/CLM15215102007-1.html

[lormand]

Prawned Paul Ping

"Liberty Dollar recently issued a "Presidential" Ron Paul Dollar in support of the Republican peace candidate. Now it asks peace-seeking Americans to start using the Peace Dollar and stop using the US War Dollar, as it finances the Iraq War."

This sounds like complete insanity to me. "Peace Dollar"?

These traitors need to be marched across the DMZ into North Korea.

[Attention Surplus Disorder]

http://sev.prnewswire.com/banking-financial-services/20071015/CLM15215102007-1.html

As I understand it, the LD is a silver round (= 1 troy oz silver) which is intended as a private currency fashioned after the coinage act of 1792/3 (para: Congress shall make no coin not composed of gold or silver) It is not intended to “compete” with Federal Reserve Notes. Legally, there are bunch of considerations wrt a: calling a disk of metal a “coin” (hence, generic silver rounds are called “rounds”) b: stamping anything refering to “dollars” on such an item; and c: attempting to use such an item for legal tender. I’m not sufficiently studied in the legal particulars to state all the rules and regs on this topic. I find this development alarming because AFAIK, this organization has broken no laws.

IIRC, the “Liberty Dollar” and its organization existed before and independently of RP’s presidential aspirations, but RP is on record as being against the existence of the Federal Reserve and so it seems a maergin of interest may have occurred.

[mysterio]

From 2006 :

"'Liberty Dollars' Can Buy Users A Prison Term, U.S. Mint Warns

By Elizabeth Williamson Washington Post Staff Writer Tuesday, October 10, 2006; Page A19

Once upon a time, a "monetary architect" named Bernard von NotHaus decided to make his own money.

He put a beautiful Lady Liberty and a majestic flaming torch on the silver and gold coins, and he named them "Liberty Dollars." On his Web site, http://www.libertydollar.org , he said: "It is fun to use REAL money. Liberty Dollars are a proven and profitable currency that protects and grows the purchasing power of your money!"

True story, phony money. So says the U.S. Mint, which would like to remind Liberty Dollar users that since the United States already has its own currency, the only thing Liberty Dollars buy in these parts is a jail term.

Liberty Dollars were coined by von NotHaus and an Evansville, Ind.-based group called Norfed, which stands for (sort of) the National Organization for the Repeal of the Federal Reserve Act and the Internal Revenue Code. In the late 1990s, the group began hawking its money as a hedge against inflation, and as a way to compete with the Fed. Von NotHaus makes the pitch online, using a raft of statistics and graphs that he says show the greenback is well nigh worthless."

[Mad_Tom_Rackham]

What are Ron Paul dollars backed by? The full faith and credit of Ron Paul?

[Attention Surplus Disorder]

I do not rule out that (fraud) possibility.

[mnehring]

....the Liberty Dollar, the second most popular currency in the country...
Little known fact, but postage is considered legal currency, thus, is actually the second most popular currency.

[darkwing104]

Waiting to see how many posters are AOK with this theft of private property by our government.

There has to be a lot more to this story...