Posted on 11/15/2007 7:50:21 AM PST by Attention Surplus Disorder
Disney Dollars?
Spoken like a true statist . . . well done!
A wholly accurate description of the italicized portion excerpted. ;)
Yes, true. That might have run afoul of various securities laws.
LOL
No different than gift cards (which are really private currency.)
killing of David Koresh’s followers by the FBI was about drugs and child abuse
LOL. That’s harsh.
And you trust the FedGov more with their debt backed reserve notes?
I would prefer a commodity based currency, but do not confuse me with a "gold bug" or a Ron Paul supporter.
I do not approve of the actions of the FBI here. Unless they have verifiable proof that there was in fact fraud being committed here, this just sounds like more "FedGov on a fishing expedition" type crap.
No crime commited and yet the very next sentence admits they are minting currency. I dunno, I woulda thunk the gubmint got testy since they are the only one authorized to mint currency.
Acts 3:6
Then Peter said, Silver and gold have I none; but such as I have give I thee: In the name of Jesus Christ of Nazareth rise up and walk.
I’m checking the Evansville papers online. Nothing yet. But they were warned in 2006 by the FBI, so the story seems pretty plausible.
We need another Amendment apparently. Establish a “seperation of economy and State”....
THAT would make a GREAT Screen Name!...................
I posted this later. I’m glad you did too.
The inclusion of paper money is very problematic IMO. What would it be backed by? If someone presented some of that to me for payment, I’d hand it right back to them. It isn’t legal tender.
Special chits for making purchases are generally produced by businesses to induce sales. They issue them and they honor them, but they aren’t claiming them to be money. Nobody else will honor them.
In this instance Paul seems to claim these are even better than U.S. currency. Ron, I may think our currency is somewhat problematic, but that being said I think someone would have to be absolutely nuts to think yours were more reliable.
I may be as wrong as I can be, but it looks to me like Ron Paul is getting nuttier by the minute.
Does the gift card undermine America's fight against our enemies?
Idiot!
Doesn't that translate to Bernie of the Nuthouse?
Except a gift card holder must hold assets and honor the exchange value of the card’s terms. The issuer of the Liberty Dollar, for example, is making the claim that the paper gold and silver certificates are backed up by their hard asset. If they don’t have the hard assets to back up the value of the currency(sic) they are selling, they run afoul of securities laws. Unlike a gift certificate at a store, however, the claims they are making put them more on the level of banking regulations, and thusly, would have an entire larger set of regulations they must meet.
Counterfeiting money is a crime.. Only a government can authorize the making of legal tender.. Yes I know that once upon a time individuals and banks could make their own money with out our nations permission to do so.. but that has not been the case since Alexander Hammilton fought duels.
Huge numbers of people got ripped off so we formed a National Bank and only the Federal Reserve bank can legally issue money.
The days when coins made out of metals of questionalble value by individuals and private firms could legally be used as currency or even collectables are long gone.
I think it was a cocain pusher who tried to claim that he was just a drug store like any of the other big drug store... except he was more profitable. His rear end ended up in prison too. YOu can’t sell drugs with out a license and a prescription from a registered doctor.
To make coins in the USA you have to find a nation that will claim them as currency and then designate you as one of the mamufacturers of their coins. Otherwise you are breaking the law like any other counterfeiter.
You will note that when ever you see some private “Mint” selling collectable coins on TV they always say the nation that accepts their “coins” as legal tender. That nation is usually a tiny one in Africa or Asia. They have to have a sponsoring nation or they would find the FBI calling on them too.
In no nation can one break the law because they don’t like it. The option in a free country is to convince enough people of the rightness of your cause so they cause the goverment to change the law.
The Ron Paul people are criminals and will end up where all criminals end up .. in prison.
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