Coming soon, to a bank near you:
Why did the Fed stop reporting M3? Could it have something to do, perhaps, with the immense bales of $100 bills they were shipping overseas?
Posted on 11/17/2007 11:07:57 AM PST by mvpel
Perhaps, but I have a suspicion the government might try to prosecute this person for having insufficient reserves even if the sole reason for his shortfall is that the government took his money in the first place.
Read the affidavit and get back to me. They took every scrap of paper, every possible record. Everything that would be needed to continue the business and to defend themselves.
Thanks Iwo. I just hope that this could be a blessing to wake people up.
Not to mention all of their money and frozen bank accouts.
From what I see in the affidavit, the coinage could easily be mistaken for U.S.currency and to me it appears to have been done with that intent.
Let's get this on a level playing field. Does the government back up any portion of the Federal Reserve Notes with precious metal?
Well, the coinage does look nicer than some U.S. government-issued coins. On the other hand, I've never seen U.S. government-issued coins with 800 numbers and web sites on them.
The U.S. GDP is a little over $13,000,000,000.
I have a whole barn full of 'anythings' for which I will happily take more than they are worth.
For good measure, I'll even let you pay more than it's worth to ship them to you, too!
Bet you don't find bargains like this every day!
What's more, I'll even accept valueless FRN's for payment!!!!
Why should that matter, since they were filled with nothing but worthless Federal Reserve Notes?
If they stoled your silver and gold too, that would matter some, yes. No way around that.
Yes. The certificates were negotiable warehouse receipts, provided for under Section 7 of the Uniform Commercial Code, attesting that the specified weight of gold or silver was stored at the Sunshine Mint in Coeur d'Aleine, Idaho and subject to a storage fee. If only I can find the certificates I have around somewhere that I bought back in 2000, I could put up the exact wording.
Read the affidavit. They have been gunning for these people for a long time.
Apparently, the same judge that was overseeing the civil trial in the lawsuit that von Nothaus filed against the US Mint over what he asserts were their misleading statements, is the one that signed the search warrant.
Makes you feel all warm and fuzzy about our "justice" system, doesn't it?
The market price of a 2007 proof 1oz silver Eagle is $30 plus shipping from the US Mint itself, so I'm not quite sure what you're talking about here.
They weren’t “gift certificates,” they were “negotiable warehouse receipts” provided for under the Uniform Commercial Code, Section 7. Such warehouse receipts are very commonly used in agricultural commodities trading.
Weed is contraband. Silver and gold are not.
Coming soon, to a bank near you:
Why did the Fed stop reporting M3? Could it have something to do, perhaps, with the immense bales of $100 bills they were shipping overseas?
I’m confused. This warrant is for a place in North Carolina. I thought the big e-mail seisure note was about some place in Indiana or one of those states.
The government ran the same scam for years until the coins were worth more melted down. Then they gave you something cheaper.
They’re still up to the same shenanigans.
For instance, a pre-1982 penny is made of copper. With copper at $3.16 or so per pound, each of those pennies has 2.16 cents worth of copper in it.
So they started making them out of zinc. I believe each penny now has something like 1.45 cents worth of zinc.
Governments ALWAYS debase money. ALWAYS.
If these folks made a mistake, which I am not convinced yet that they did, it would have been giving the coins a nominal face value of $20.
Had they called it 20 Paulers or anything else, they would be OK.
But hey, we live in a world where the kid working at the drive through at Wendys might take a $3 bill, so there’s the rub!
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