Posted on 11/15/2007 7:50:21 AM PST by 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
Nothing, but I find it amusing when people stir up the anti-establishment crowd, which has a huge anti-capitalist contingent, to earn lots of money.
It's kind of like Al Gore pushing "environmental causes" that drove up the price of oil while owning a bunch of oil company stock.
Or his global warming propaganda that has made him a fortune.
I need you to help me take on all these rich and powerful people that are exploiting you! Come on now! We're really making a difference! (In his band account.)
If you're serious about this, the principal target of your ire in this respect should be the US Mint, which sells five cents worth of metal for one dollar in the form of their "golden" dollars, or the Federal Reserve Banks which put out 1.2 cents worth of pretty paper priced at $100.
The US Mint sells coins to collectors. You know what you are getting when you buy it and they don't try and sell it as a part of a plan to overthrow the establishment.
I’m with you. I too used to love Ron Paul.
What makes you think that people don't know what they are getting when they buy a Liberty Dollar?
If they were selling bumper stickers that said "END FIAT CURRENCY" for 50 times more than they cost would you still have a problem with it? What's wrong with using an ounce of silver to help spread awareness of the major problems of fiat currency?
And the US Mint is PART OF the "establishment," so of course they don't sell their proof sets with an agenda. Of course, if you try to use them at face value, the government will come after you with guns drawn.
Under what statute?
Is it because they want to make a profit?
I'm sure they want to make some money. But since you only 'lose' around $2 when you subtract out the value of silver/gold, it's not really like they are 'stealing.' If they are committing real fraud then I have no problem with the confiscation (to be returned to the people who were frauded). Otherwise though, this is statist government at it's absolute worst.
Thx. Wasn’t sure about which day it was ( a while after my post I did read the raid was on Wed in the NY piece) That clears up the question I had on the timing : )
Again, what is the “value” of silver or gold?
The “spot price” is the price of a 500oz ingot in New York City for immediate delivery.
Is the US Mint proof silver dollar, one ounce of silver at $30, “overpriced?”
welcome aboard!
Congress can only spend the money released into circulation by the fed or US dollars borrowed from foreign governments. Inflation is a monetary phenomenon. The fed "says" its wants a little inflation, but releases massive amounts of cash into circulation and continues to lower margin requirements for banks. Spending money already in circulation is looking in the wrong place for the root cause of inflation.
I find the $20 Liberty Dollar silver rounds to be more visually appealing than the $30 US Mint 1oz proof silver dollar, and ten times more appealing than the $22 uncirculated 1oz silver dollar.
So as far as I’m concerned, I’d be getting a pretty good value.
I might overpriced on spot silver value alone. As a seperate coinage, brilliant uncirculated, i would say it’s really not overpriced at all. My point mainly was the Liberty Dollars are in reality more ‘real’ than US Dollars—not that I plan on switching ever—mainly for reasons like this article.
Sounds like a bunch of kooks to me so far
No argument here but I am waiting for the real reason why this place was raided. All the reports we are seeing are from email and press releases from Liberty Dollar. Look like they are attempting to play out the trial before the public before charges are filed. In other words "Bury the truth in bullsh#t".
Maybe you can explain further? I open the first account at a new bank and I give the bank 100 $1 bills, how can they loan out more than my deposit?
Fractional-Reserve Banking.
You should look up the definition.
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