Libertarian ping.To be added or removed from my ping list freepmail me or post a message herePsstt!!!!...Start hoarding silver bullion coins. I will explain later...I got to go...
Yeah, the cuts into the fed monopoly and is a cool way to avoid taxes.
So you can't barter with these little metal disks???
P.T. Barnham, please pick up the withe courtesy phone.
I guess bartering is also illegal.
It's silly that people can't voluntarily use alternative forms of currency. That being said, passing the currency off as US currency is certainly a problem.
Hey, until I see Kim Jong Il frog marched into a U.S. District Court for counterfeiting our currency, I can't get too excited about the Feds raising a ruckus about "Liberty Dollars".
I guess subway tokens are now suspect. /sarc
You know what is funny? These must of started to show up all over for the Fed to get so worked up about it.
Read the story. The problem isn't bartering with the coins. The problem is that the coins bear a striking resemblance to coins produced by the United States Mint, and people are giving them to store clerks who are accepting them unaware. That's fraud.
What's the problem here?
I have never even heard of them. Aren't they a form of counterfeit money?
What about them there "Ithaca bucks"?
Wow! Very intersting stuff!
Evansville, Ind.-based National Organization for the Repeal of the Federal Reserve Act and the Internal Revenue Code, otherwise known as NORFED, has been making the Liberty Dollar coins for eight years and claims $20 million is in circulation. The group says the money, unlike official U.S. cash, has a hedge against inflation because it is made almost entirely of silver and is backed by stocks of silver and gold in a vault in Idaho.
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heh heh.... I like these guys already. :)
Libertarian ping.To be added or removed from my ping list freepmail me or post a message hereso are they going to crack down on walt disney for printing disney dollars that can be used in the disney theme parks or how about every arcade in every mall that gives you "tokens " to play video games with when you insert dollar bills into thier change machine?
The trouble arises when the accepted medium constitutes barter and cannot be tracked and taxed at every exchange.
This annoys the fedguv and local taxing authorities to no end.
I have untold riches in rare coins all bearing the picture of the President's friend.
