FBI raids Liberty Dollar office-confiscates Ron Paul Dollars

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

[Attention Surplus Disorder]

Frontal Assault on Freedom: FBI Raids Liberty Dollar Posted by BJT on Nov 15, 2007 Read this email closely. I just got it this morning. Those of you who consider the gold standard a quaint anachronism, pay extra close attention. If Ron Paul supporters, gold standard advocates and the Liberty Dollar were nothing but harmless kooks, why would the FBI raid their offices when no crime was ever committed? This is a currency competing with the USD, yes, but they never, but never make the claim that it is legal tender or anything other than what it is: private currency. And private currencies are numerous in the USA.

No. This raid happened because the Liberty Dollar, the second most popular currency in the country, threatens to usurp the entrenched power of the Fed’s Almighty Dollar. People can see the buying power of the greenback eroding, and they will choose something else if it is available, and the Liberty Dollar is ready and waiting. And that’s why the government must resort to force in order to protect its stranglehold on the economy.

From Liberty Dollar Headquarters: Dear Liberty Dollar Supporters:

I sincerely regret to inform you that about 8:00 this morning a dozen FBI and Secret Service agents raided the Liberty Dollar office in Evansville.

For approximately six hours they took all the gold, all the silver, all the platinum and almost two tons of Ron Paul Dollars that where just delivered last Friday. They also took all the files, all the computers and froze our bank accounts.

We have no money. We have no products. We have no records to even know what was ordered or what you are owed. We have nothing but the will to push forward and overcome this massive assault on our liberty and our right to have real money as defined by the US Constitution. We should not to be defrauded by the fake government money.

But to make matters worse, all the gold and silver that backs up the paper certificates and digital currency held in the vault at Sunshine Mint has also been confiscated. Even the dies for mint the Gold and Silver Libertys have been taken.

This in spite of the fact that Edmond C. Moy, the Director of the Mint, acknowledged in a letter to a US Senator that the paper certificates did not violate Section 486 and were not illegal. But the FBI and Services took all the paper currency too.

The possibility of such action was the reason the Liberty Dollar was designed so that the vast majority of the money was in specie form and in the people’s hands. Of the $20 million Liberty Dollars, only about a million is in paper or digital form.

I regret that if you are due an order. It may be some time until it will be filled… if ever… it now all depends on our actions.

Everyone who has an unfulfilled order or has digital or paper currency should band together for a class action suit and demand redemption. We cannot allow the government to steal our money! Please don’t let this happen!!! Many of you read the articles quoting the government and Federal Reserve officials that the Liberty Dollar was legal. You did nothing wrong. You are legally entitled to your property. Let us use this terrible act to band together and further our goal – to return America to a value based currency.

Please forward this important Alert… so everyone who possess or use the Liberty Dollar is aware of the situation.

Please click HERE to sign up for the class action lawsuit and get your property back!

If the above link does not work you can access the page by copying the following into your web browser. http://www.libertydollar.org/classaction/index.php

Thanks again for your support at this darkest time as the damn government and their dollar sinks to a new low.

Bernard von NotHaus

[Turbopilot]

I agree.

[Attention Surplus Disorder]

Hmmm. I’d take all the .999 silver rounds at $1 each (face value) I could afford. The paper? Not a chance!

[Turbopilot]

Thanks, I didn’t even think about that “L.Ron”. These guys are getting more “clever” all the time.

[Iwo Jima]

Please ping me if you or anyone finds out if this reported event really happened or not.

[WhyisaTexasgirlinPA]

Did you see this?

[Moonman62]

When I have a pocket full of travelers checks I have a pocket full of US minted money.

Yes you do. The Federal Reserve officially counts them as money too. Perhaps I'm just using the term currency incorrectly.

[wideawake]

even if the actual value of the coins is more than the equivalent US currency(don't know if liberty dollars are worth more or not).

See post 254.

[Badeye]

No, I hadn’t, thanks for the link.

Interesting there isn’t a single reference to Ron Paul in the article.

[xtinct]

Holy Smokes!! A local talk show host was honking about the Liberty Dollar...gold, silver, etc. a few years ago.

I almost bit (o:

FBI's explanation for this raid must be interesting.

Sure is a pretty piece!!!

[JerseyHighlander]

The problem with the paper bills is you have to trust that whomever runs the Liberty Dollar will honor their printed gold or silver value. They were selling those as though there was a backed up with full faith and credit value.

I agree 100% with you. On Wall Street in the last 7 years bankers sold and transferred receipts for several hundred billion dollars of derivatives that are not backed by sound assets. Think this through, fifty times the entire value of the libertydollar.org corporation has been written off by a single director of a CDO division of US banks. And because of that a bank in east Germany went bankrupt.

At least libertydollar.org has physical species, welll had species until this morning :P

[Moose4]

If both sides of a transaction voluntarily agree to exchange Liberty Dollars for something else, I don’t have a problem with it. That’s barter. If somebody wants to give me five magic beans for my last cow, hey, that’s fine.

But if Herr von NutHaus is trying to imply that these coins “spend” the same as a “real” dollar? That’s a problem.

}:-)4

[bondservant]

I actually kind of like Ron Paul but this liberty dollar seems like its pretty shady. They are charging more for the certificates than the value of the gold they claim those certificates are backed by. And from the email: “the vast majority of the money was in specie form and in the people’s hands. Of the $20 million Liberty Dollars, only about a million is in paper or digital form.” This says to me that 5% of that was backed by...nothing. This company is sitting on about $9.5 million dollars worth of precious metals, and they’re claiming its worth $20 million in legal currency. I’m not sure what the laws are, but if this were legal, it would be incredibly chaotic once everyone started jumping in to make their own currencies.

So, what % of the trillions of dollars of Federal Reserve Notes floating around are actually backed with precious metals???? Inquiring minds want to know! The government confiscated gold and silver during the Great Depression. Here we go again!!

[reagan_fanatic]

Oopsie!

[tacticalogic]

It’s been posted on RP threads before. I’m sure someone has it around somewhere.

[WhyisaTexasgirlinPA]

Got it, thanks.

[JerseyHighlander]

Also, I know nothing of libertydollar.org, I’m assuming they were registered with the Federal Reserve as a financial institution.

[50mm]

I’m certainly no Paul supporter, but it would probably be a good idea for him to get the warrant and post it to show he wasn’t named or involved. A press release would probably be a good idea as well. It’s best to squelch rumors before they grow legs. The press should include “Ron Paul neither condones nor supports minting of illegal tender nor consumer fraud.

[mvpel]

That's called counterfeiting.

Wrong-o, friend. Counterfeiting is printing something that you try to fraudulently pass off as legitimate US government issued currency.

Minting a one-ounce silver round for people to offer as a medium for barter at a suggested dollar equivalent is most certainly not.

Is it now illegal for you to offer to trade your TV set for my motorcycle? That's what the FBI seems to be proposing here.

[null and void]

I sorta favor Paulestinian, myself...

[MindBender26]

This was a scam, albeit a rather good scam. To many, he was a right wing guy. To the left, he was a peacenik. To the Paulistas, he was for Dr. Weird. Whatever you wanted, he was your guy.

Think about it. He was “sellng” his own money, which you had to pay for with real US dollars. And because no one ever redeemed his “dollars” for real money except on rare occasions, he was getting to keep the US dollars he sold his funny money for.

Now, since he can claim the US govt put him out of business, he can keep all the money he took in and hid, because the company that would redeem it is now gone!.

Best business deal since hookers.