[Attention Surplus Disorder]

http://sev.prnewswire.com/banking-financial-services/20071015/CLM15215102007-1.html

As I understand it, the LD is a silver round (= 1 troy oz silver) which is intended as a private currency fashioned after the coinage act of 1792/3 (para: Congress shall make no coin not composed of gold or silver) It is not intended to “compete” with Federal Reserve Notes. Legally, there are bunch of considerations wrt a: calling a disk of metal a “coin” (hence, generic silver rounds are called “rounds”) b: stamping anything refering to “dollars” on such an item; and c: attempting to use such an item for legal tender. I’m not sufficiently studied in the legal particulars to state all the rules and regs on this topic. I find this development alarming because AFAIK, this organization has broken no laws.

IIRC, the “Liberty Dollar” and its organization existed before and independently of RP’s presidential aspirations, but RP is on record as being against the existence of the Federal Reserve and so it seems a maergin of interest may have occurred.

[Red Badger]

I just goooogled it and from what I can see, it's a lot like the John Galt Dollar in Ayn Rand's Atlas Shrugged. .........

[rineaux]

There is a currency in use in Austin, Texas that shops accept as legal tender to make purchases of food, gas and some merchandise. It is suppose to be gaining some ground. Question is, will the FBI raid this place as well?