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Illegal Ron Paul Currency Seized [more deatils, re: the ongoing "Liberty Dollar" follies]
CNN.com ^ | 11/16/2007 | Staff

Posted on 11/16/2007 10:13:07 AM PST by KentTrappedInLiberalSeattle

EVANSVILLE, Indiana (AP) — Federal agents raided the headquarters of a group that produces illegal currency and puts it in circulation, seizing gold, silver and two tons of copper coins featuring Republican presidential candidate Ron Paul.

Agents also took records, computers and froze the bank accounts at the "Liberty Dollar" headquarters during the Thursday raid, Bernard von NotHaus, founder of the National Organization for the Repeal of the Federal Reserve Act & Internal Revenue Code, said in a posting on the group's Web site.

The organization, which is critical of the Federal Reserve, has repeatedly clashed with the federal government, which contends that the gold, silver and copper coins it produces are illegal.

(Excerpt) Read more at politicalticker.blogs.cnn.com ...


TOPICS: Crime/Corruption; Government; News/Current Events; Politics/Elections
KEYWORDS: bogusbucks; counterfeiting; libertydollar; libertydollars; norfed; nothaus; paulestinians; playmoney; ronpaul
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To: rec
Ron Paul silver 1 oz coin sells for $550.00 (+ $3.00 postage).

I wish the government could protect the people from overspending! /s

201 posted on 11/16/2007 9:25:26 PM PST by bjs1779
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To: Axenolith
"The government just got their ass handed to them in a big IRS case in NV..."

Got anything more on that? Thats something I would like to read.....

202 posted on 11/16/2007 9:29:00 PM PST by gnarledmaw (It serves always to distract the public councils and enfeeble the public administration.)
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To: bjs1779
Just another example of stupid people overpaying for something.
203 posted on 11/16/2007 9:30:40 PM PST by Toddsterpatriot (What came first, the bad math or the goldbuggery?)
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To: bjs1779
And before you hurt yourself, he overpaid by 900%.
204 posted on 11/16/2007 9:31:33 PM PST by Toddsterpatriot (What came first, the bad math or the goldbuggery?)
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To: rec

Bingo! We have a winner!

This is politically motivated. There are all sorts of commemorative coinage minted around the world that can be used as a medium of exchange.

I can take a solid gold .999 gold Krugerand and buy a pack of cigarettes if that’s the entire degree of exchange that I desire (and the clerk is willing).

Years ago I was in a hard place (between a rock and a 50 ton lead weight heavy thing slamming down on me), and all I had were some red-seal silver certificates (circa 1962). Being my normal stupid self, I went to the gas station and filled my tank an tried to pay with these FDR notes. The cashier of this particular We-Rape-U gas-station wouldn’t take my funny-money and demanded that I pay “cash”.

I had no “cash” (I tried to offer him “foodstamps” at 1/10 face value) except those silver certificate FDR notes. After begging/pleading with me to pay “casH”, this person took pity on me, and pulled out their wallet, and placed twice the face value of denominations from their wallet into the register till. I went home with a full tank of gas in my ‘74 Ventura and two cartons of cigarettes.

I rue that day to this day.


205 posted on 11/16/2007 9:31:46 PM PST by raygun ("It is wrong always, everywhere, anf for anyone to believe anything upon insufficient evidence")
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To: Toddsterpatriot
Where have you been? Clinton screwed the old folks in 1993.

Just checking if you were honest T.P.

206 posted on 11/16/2007 9:33:01 PM PST by bjs1779
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To: Toddsterpatriot
That looks like a 100% premium.

It is over spot silver metal, but you ignore numismatic value, which does indeed add a premium.

There are literally hundreds of coins out there I would gladly pay mere double spot on their bullion value, becuase their numismatic value is orders of magnitude greater.

207 posted on 11/16/2007 9:34:43 PM PST by Smokin' Joe (How often God must weep at humans' folly.)
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To: Toddsterpatriot
Just another example of stupid people overpaying for something.

That's what I mean. What are you superior people going to do about that?

208 posted on 11/16/2007 9:36:09 PM PST by bjs1779
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To: Smokin' Joe
There are literally hundreds of coins out there I would gladly pay mere double spot on their bullion value, becuase their numismatic value is orders of magnitude greater.

I know, I'm a coin collector from way back.

209 posted on 11/16/2007 9:36:22 PM PST by Toddsterpatriot (What came first, the bad math or the goldbuggery?)
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To: bjs1779
What are you superior people going to do about that?

Point. Laugh. Shake my head.

210 posted on 11/16/2007 9:37:04 PM PST by Toddsterpatriot (What came first, the bad math or the goldbuggery?)
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To: raygun

211 posted on 11/16/2007 9:37:49 PM PST by raygun ("It is wrong always, everywhere, anf for anyone to believe anything upon insufficient evidence")
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To: Toddsterpatriot
I suppose they include the 'volatile' food and fuels sectors?

IIrc the CPI is a cooked number, too. It makes the government look better to have lower inflation numbers, but it saves billions on 'inflation indexed' (think I bonds) securities alone.

212 posted on 11/16/2007 9:38:51 PM PST by Smokin' Joe (How often God must weep at humans' folly.)
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To: raygun

213 posted on 11/16/2007 9:40:16 PM PST by raygun ("It is wrong always, everywhere, anf for anyone to believe anything upon insufficient evidence")
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To: Toddsterpatriot
Point. Laugh. Shake my head.

If you have a Ron Paul silver dollar, could you sell it to me cheap? : ) I know you wouldn't overcharge me.

214 posted on 11/16/2007 9:40:26 PM PST by bjs1779
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To: gnarledmaw
Got anything more on that? Thats something I would like to read.....

Four-month trial ends with no convictions

"A criminal tax case alleging income tax evasion and conspiracy dissolved in federal court this week, when a jury returned zero convictions on 161 charges faced by nine defendants."

In sports, zero to 161 counts as "ass handed to them "

215 posted on 11/16/2007 9:41:51 PM PST by rec
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To: raygun

216 posted on 11/16/2007 9:43:10 PM PST by raygun ("It is wrong always, everywhere, anf for anyone to believe anything upon insufficient evidence")
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To: Smokin' Joe
I suppose they include the 'volatile' food and fuels sectors?

They are included in CPI, so yes.

217 posted on 11/16/2007 9:43:28 PM PST by Toddsterpatriot (What came first, the bad math or the goldbuggery?)
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To: bjs1779
I told you, I don’t over pay by 80% or more for commodities. Sorry.
218 posted on 11/16/2007 9:44:39 PM PST by Toddsterpatriot (What came first, the bad math or the goldbuggery?)
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To: rec
A criminal tax case alleging income tax evasion and conspiracy dissolved in federal court this week, when a jury returned zero convictions on 161 charges faced by nine defendants."

God bless the people on those juries.

219 posted on 11/16/2007 9:44:42 PM PST by bjs1779
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To: Toddsterpatriot

Well, then...


220 posted on 11/16/2007 9:44:54 PM PST by raygun ("It is wrong always, everywhere, anf for anyone to believe anything upon insufficient evidence")
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