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

[wastedyears]

You purchase a gift card with US currency, and it’s then usable by you, or whomever you give said gift card to. It’s also usable in any partner stores.

If you purchase an FYE gift card, you can’t use it at Target stores.

[KentTrappedInLiberalSeattle]

Gift cards are not mentioned anywhere within the United States Constitution. ;)

[Petronski]

If it doesn’t, it should.

[mnehring]

Just to clarify for the record, I haven’t seen where Paul himself is supporting or backing this. They are only using his name and likeness.

[SJackson]

From the mint, I'll wait till this plays out before getting too excited about government abuse.

 NORFED’s "Liberty Dollars"

http://www.usmint.gov/consumer/index.cfm?flash=yes&action=HotItems

The National Organization for the Repeal of the Federal Reserve Act and the Internal Revenue Code (NORFED) is producing and marketing gold and silver medallions that NORFED calls "Liberty Dollars." The United States Mint and the United States Department of Justice have received inquiries regarding the legality of these so-called "Liberty Dollar" medallions. The United States Mint urges consumers who are considering the purchase or use of these items to be aware that they are not genuine United States Mint bullion coins and they are not legal tender. These medallions are privately produced products and are not backed by, nor affiliated in any way with, the United States Government. Moreover, prosecutors with the Department of Justice have determined that the use of these gold and silver NORFED "Liberty Dollar" medallions as circulating money is a Federal crime.

Consumers may find advertisements for these medallions confusing and should take note of several issues related to them.

First, the advertisements refer to the product as "real money" and "currency." These medallions might look like real money because they—

• Bear the inscriptions, "Liberty," "Dollars," "Trust in God" (similar to "In God We Trust"), and "USA" (similar to "United States of America"), and an inscription purporting to denote the year of production; and
   
• Depict images that are similar to United States coins, such as the torch on the reverses of the current dime coin, 1986 Statute of Liberty commemorative silver dollar and 1993 Bill of Rights commemorative half-dollar, and the Liberty Head designs on the obverses of United States gold coins from the mid-1800s to the early 1900s.

However, despite their misleading appearance, NORFED "Liberty Dollar" medallions are not genuine United States Mint coins and they are not legal tender.

Second, the advertisements confusingly refer to NORFED "Liberty Dollar" medallions as "legal" and "constitutional." However, under the Constitution ( Article I, section 8, clause 5 ), Congress has the exclusive power to coin money of the United States and to regulate its value. By statute ( 31 U.S.C. § 5112(a) ), Congress specifies the coins that the Secretary of the Treasury is authorized to mint and issue and requires the Secretary to carry out these duties at the United States Mint (31 U.S.C. § 5131). Accordingly, the United States Mint is the only entity in the United States with the lawful authority to mint and issue legal tender United States coins.

Under 18 U.S.C. § 486, it is a Federal crime to utter or pass, or attempt to utter or pass, any coins of gold or silver intended for use as current money except as authorized by law. According to the NORFED website, "Liberty merchants" are encouraged to accept NORFED "Liberty Dollar" medallions and offer them as change in sales transactions of merchandise or services. Further, NORFED tells "Liberty associates" that they can earn money by obtaining NORFED "Liberty Dollar" medallions at a discount and then can "spend [them] into circulation." Therefore, NORFED’s "Liberty Dollar" medallions are specifically intended to be used as current money in order to limit reliance on, and to compete with the circulating coinage of the United States. Consequently, prosecutors with the United States Department of Justice have concluded that the use of NORFED’s "Liberty Dollar" medallions violates 18 U.S.C. § 486.

 

 

[Moonman62]

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.

Traveler's checks and gift cards are legal so I don't think that's the problem.

[MEGoody]

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.

:::rolls eyes::: More lunacy from the Ron Paul supporters.

[Rb ver. 2.0]

This is just the “powers that be” suppressing a growing economic market activity that threatens to undermine the people’s confidence of the Federal Reserve. Silver and gold are bad, dollars are good.

[SwankyC]

Notice that neither of them is currency

[rineaux]

The December 16th on line fund raiser will end up raising another 4 million plus dollars. Some of the other candidates should have thought to do that as well, especially those not doing so well with the campaign dollars.

[underground]

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.

[KentTrappedInLiberalSeattle]

THAT would make a GREAT Screen Name!...................

... or possibly the stage name for a uniquely literary-minded stripper. "Ladies and Gentlement: please give a warm KitKatKlub welcome for Ipse Dixit and her Educated Tassels -- !!!" ;)

[cripplecreek]

You don’t suppose it has something to do with the credit card scam in Europe do you?

[ejonesie22]

Too fancy, I’d stick with stupid...

Anyone got a time frame on the big asteroid that’s going to hit the Earth. I think it’s time to give the Cockroaches a shot...

[DoughtyOne]

It’s just my take on it, but I doubt Ithica is selling those notes. They give them away to entice people to shop in the town. The local businesses honor them and in effect take it as a discount on the purchase price.

People are not being hoodwinked into thinking the notes are real money, and I’m quite sure they aren’t buying them.

Paul is selling the notes and claiming they are as valid as U.S. Currency. That seems very problematic to me.

[MEGoody]

Waiting to see how many posters are AOK with this theft of private property by our government.

I am AOK with the FBI seizing property used to commit fraud, to foster treason, or to disrupt the U.S. economy.

[lormand]

The analogies and examples served by these Paultards are hilarious, desperate, and embarrassing all at the same time.

[Moonman62]

Why aren’t they currency?

[wideawake]

Well von is "of" and Haus is "house" but Not means "need."

Nusshaus would literally translate as "nuthouse."

[from occupied ga]

Does the gift card undermine America's fight against our enemies?

does the liberty dollar? Of course not. It's just your blind hatred of Ron Paul (frequently seen in armchair heroes) and your low intelligence that leads you to this. One thing I hate doing is wasting my time and effort arguing with fanatics. Have a great day.