Posted on 11/15/2007 7:50:21 AM PST by Attention Surplus Disorder
If it’s coined out of gold, it doesn’t have to be “backed by” anything.
How poetic and accurate.
...stealing that line for the next opportunity.
“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.”
sound like treason, forgery, and insurrection to me...
Amazing that this even has to be pointed out. The same being true with gift cards. Gift cards are accepted in payment only because someone has already spent the money to "buy" the card in the first place. When the gift card is presented as payment, the actual cash transaction has previously taken place, using US currency. The gift card, in such instances, acts more like an IOU than currency.
Bogus arguments always amaze me.
As a private voluntary barter currency it can be used anywhere it is accepted
ANYTHING can be used anywhere it's accepted. I'd say that they really just have a gift card business going with a lot of smoke and mirrors. Bad idea to buy gift cards, bad idea to buy these for the same reason. Still it shouldn't be illegal to sell them any more than it's illegal to sell gift cards.
ha...so how come you have to pay for liberty dollars with US dollars?
This thing sounds like a scam.....build up sales, get paid in US dollars, and then stage a fake “FBI” raid.
;o)
Good thing our manufacturing isn't going off shore then...
My mistake for including Ron Paul. Looks like he was not aware that his name was being used.
It does look like the US Mint has a problem with individuals minting coins with USA on it and promoting it as "legal" and "constitutional." This looks more like a consumer fraud case than anything else.
Based on the link provided in SJackson’s post #85, I think the Mint is concerned about multiple factors that make these “appear” genuine U.S. Mint issue as opposed to privately minted (and overpriced) metals. I see it as a pattern of intentionally misleading consumers as opposed to one single technical error.
http://www.usmint.gov/consumer/index.cfm?flash=yes&action=HotItems
But, I think we can agree on “scam, scam, scam.” I’m no currency law expert, so I can’t say which violation puts them over the legal edge - I’m guessing “all of the above” is a safe answer.
All this [the creation and sale of the Ron Paul Dollar] will be a big surprise to Dr. Paul.
I'm not gonna post that any bigger. If you still don't see it, call an eye doctor.
By the way, what's with "L.Ron"? I've never seen his full name listed as anything other than "Ronald Ernest Paul" and don't know where the "L" is coming from. A mistyping of "El Ron" doesn't make sense because he's anti-illegal and pro-border security.
It is "real money" minted in pure silver and copper that exchanges dollar-for-dollar with the US war dollar. It is dedicated to establishing peace and bringing our boys home. The 2008 Peace Dollar has a face value of ten "Liberty Dollars" and contains one-half ounce of pure .999 fine silver. The $1 Copper Peace Dollar contains one ounce of pure copper.
...sort of contradict this?
No Liberty Dollar, Ron Paul Dollar or Peace Dollar is claimed to be "legal tender."
}:-)4
Yep, these are the guys I want in charge of my money, you betcha...
I get offers to go to UT games often. I would rather watch ice melt.
PM confiscation? God, no, not the PM! That’s the part of the day I enjoy the most!
Wonder how many of the Paulestinian faithful right here, on this very site, just happen to have "Liberty Dollars" in their possession. ;)
DON'T DRAFT ME, BRO!!! ;)
While I have a hard time believing that anyone is buying these things thinking that they’re the same as U.S. minted currency, I understand why the feds are going after them considering some of their marketing as posted on this thread.
They’re right that it’s “legal” and “constitutional” in the same sense that I can “legally” and “constitutionally” trade you a baseball card for a pudding cup. But calling it things like “currency” and saying it can be “circulated” is probably over the line.
I believe you are justified in making that point. I do think it’s difficult to state that Paul doesn’t support this or receive financial remuneration from the concern though.
Another poster made the point you did, and I think it deserves to be said. Thank you.
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