NOT "fiat currency." ;)
Posted on 11/16/2007 10:13:07 AM PST by KentTrappedInLiberalSeattle
EVANSVILLE, Indiana (AP) — Federal agents raided the headquarters of a group that produces illegal currency and puts it in circulation, seizing gold, silver and two tons of copper coins featuring Republican presidential candidate Ron Paul.
Agents also took records, computers and froze the bank accounts at the "Liberty Dollar" headquarters during the Thursday raid, Bernard von NotHaus, founder of the National Organization for the Repeal of the Federal Reserve Act & Internal Revenue Code, said in a posting on the group's Web site.
The organization, which is critical of the Federal Reserve, has repeatedly clashed with the federal government, which contends that the gold, silver and copper coins it produces are illegal.
(Excerpt) Read more at politicalticker.blogs.cnn.com ...
Hehheheheeheheeheheehe, damn these people are funny!
“Only if you are trying to pass them off as legit currency.” [H/T to Army Air Corps] ;)
You should be paranoid if you are minting your own currency and selling it to others as legal tender.
It seemed to me that you wouldn’t have responded in that manner unless you thought my comments were directed at you. And if you thought they were, it would be natural for me to think you were offended. No particular insult was intended. I wasn’t directing the comments at you.
Waco ... Elian ... and now Baron von Nut House ... But, unless the Feds are kicking in my door, I refuse to believe in conspiracy.
Just keep on repeating ... There are no black helicopters. Posse Comitatus has not been repealed. We need not concern ourselves with civil liberties. They’re only after the terrorists.
For that libertarian or 911 truther who has everything:
Those silver coins are going for over $200.
I wonder if they could just claim the coins are “non-legal tender” as in bartering gold and silver ounces cast with likenesses for goods and services?
You seem fairly (and inexplicably) intent upon taking some sort offense here, IMHO, for reason(s) I'm really not all that keen on ferreting out, quite frankly. If that's genuinely the case: not interested.
If not... then: FReegards. ;)
From what I understand, they can. The trouble is that they were referring to them as currency on their website. Also, they printed paper material (something like silver certificates). Also, what guarantees do the buyers have regarding metal content? Coins minted by governments are assayed and guaranteed as to gold, silver, or platinum content. How do this guy’s customers know that they are not buying coins with low precious metal content?
point well taken...but from the 9-11 truthers to the white supremists to these loons, he attracts a lot of nutjobs which is a concern....
NOT "fiat currency." ;)
What’s the gold content...? ;)
Personally, the CEC coin has more value to me than a RP coin! :-) At least I can play a game or win a prize, LOL!
RP’s no prize, LOL.
It’s a great scam. He sells his silver coins with a cost of about $10 or paper with a cost of about 20 cents. he charges $20.00 in real moeny for it, with a promise to redeem it for real US moeny again any time you want it.
But they are rarely redeemed. So the “issuer” sells 20 cents of paper for 20 dollars....
Now he can keep all the real dollars he has hidden, claiming Uncle Fed took all his funds.
To us, he holds himself out to be Conservative. To the anti-war leftist, he is one of them. To the Ronpaulians, he is..........
It’s a scam, and a good one
This is not legal tender is written all over the stuff. This is not really enough of a defense, since the Feds do want to prevent counterfeiters from passing illegal currency irrespective of whether it has the appropriate disclaimer “hidden in plain sight.”
With regard to the Ron Paul coin, this is clearly an expression of political speech, and should have the highest protection under the Constitution. While it might look like a $1 coin, giving somebody a coin made out of silver for a $1 debt is not exactly ripping anybody off. Thus, no harm to anybody. Thus, not illegal. With regard to the $1776 bill, this is also clearly an expression of poltiical speech. While it looks like a Federal Reserve Note, its denomination, $1776, is so unusual as to preclude its circulation as money. Again, no harm.
If the Feds were serious about preventing illegal currency, they would have long ago arrested the left-wing communalists of Ithaca New York, who circulate their own currency. But, the dopers and hippie freaks of that place have nothing to fear from the Feds, because they’re not trying to re-establish the U.S. Constitution.
It’s no coincidence that the Feds raided Baron von Nut House’s little enterprise after Ron Paul starting registering in the polls.
“Vote for Truth”
How appropriate considering he courts the Trufers.
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