Illegal Ron Paul Currency Seized [more deatils, re: the ongoing "Liberty Dollar" follies]

CNN.com ^ | 11/16/2007 | Staff

[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.

[Toddsterpatriot]

What you going to do about those stupid ebay people anyway? Another one went for 550.00.

I saw an idiot at a police auction pay $50 for a one ounce silver coin from the US mint when silver was worth $5 an ounce.

[rec]

My understanding is that TWO TONS of silver were physically present...... AT THE STOREFRONT!!!! (that's what it says, folks).

Mostly it was 60,000 oz of copper, they just started selling 1 oz copper rounds for $1 each (more than double spot price, I guess tooling and transportation cost money). The store got the 1st shipment of copper on Friday and they were filling / mailing advance orders.

There was also some silver, gold and platinum.

[bjs1779]

I saw an idiot at a police auction pay $50 for a one ounce silver coin from the US mint when silver was worth $5 an ounce.

Oh my god, you must feel guilty as hell for not stopping him! Why didn't you stop him?

[Smokin' Joe]

"A HUGE RUNUP IN THE PRICE OF ALL COMMODITIES IS COMING, BECAUSE WE ARE KILLING THE DOLLAR, AND IT IS GOING TO GE MUCH WORSE!"

Yes, it is, and it is a no-brainer. The Federal debt for Social Seurity is enormous, there is no trust fund, and the only way to meet the (numerical) financial obligation is to inflate the crap out of the currency.

Anything else and the Federal Government would have to either default on SSI (which has been a cash cow), change/"fix" it (same result, loss of a 15+% tax), or tax the gen 'x' and 'y' folks into serfdom.

So, they may pay people what they said they will, but it will be worth far less. In the meantime, those six figure salaries will keep the masses distracted as long as they are paying for (relatively) cheap imported geegaws, and technological whizbangs,energy efficiency, "safety", or "environmental friendliness" will justify the prices going up...imho, of course. The first 'boomers' retire this year.

[bjs1779]

Mostly it was 60,000 oz of copper, they just started selling 1 oz copper rounds for $1 each (more than double spot price, I guess tooling and transportation cost money). The store got the 1st shipment of copper on Friday and they were filling / mailing advance orders. There was also some silver, gold and platinum.

Chit chat is nice, but do have a source for your comments?

[spunkets]

If that's an image of the coins in question, the feds are harassing those guys and don't have a case. The coin makes no representation to be US currency and Liberty Dollar^® is apparently their properly registered trademark.

[bjs1779]

If that's an image of the coins in question, the feds are harassing those guys and don't have a case. The coin makes no representation to be US currency and Liberty Dollar® is apparently their properly registered trademark.

By golly, I think I finally agreed with you!

[Smokin' Joe]

Wow! $28 for less than $15 in silver.

U.S. Mint Online Catolog: One Ounce Silver Eagle

Imagine! The nerve!

[Toddsterpatriot]

I couldn’t believe he had no idea what silver was worth. It was a lesson in auction fever. The money went to a good cause and he obviously had more money than common sense.

[Toddsterpatriot]

That looks like a 100% premium.

[raygun]

Maybe they were all out of pejoratives (what can be done in such situation).

[rec]

http://www.cbsnews.com/stories/2007/11/16/national/main3513982.shtml

...seizing gold, silver and two tons of copper coins featuring Republican presidential candidate Ron Paul.

http://blog.washingtonpost.com/the-trail/2007/11/16/post_203.html?hpid=topnews

"...NORFED officials said yesterday that the raid occurred just as they were preparing to mail out the first batch of about 60,000 "Ron Paul Dollars," copper coins sold for $1 and decorated with the craggy visage of Paul..."

[Toddsterpatriot]

The Federal debt for Social Seurity is enormous, there is no trust fund, and the only way to meet the (numerical) financial obligation is to inflate the crap out of the currency.

I hate to break it to you, but Social Security payments are adjusted every year for inflation.

[bjs1779]

I couldn’t believe he had no idea what silver was worth. It was a lesson in auction fever. The money went to a good cause and he obviously had more money than common sense.

I think you might misunderstand. There are multiple auctions going on right now. Not just one.

[Toddsterpatriot]

I think you might misunderstand. There are multiple auctions going on right now. Not just one.

I'm talking about the police auction I attended. Just the one auction.

[raygun]

Think 'bout it: it could be worse. Supposing somebody wanted to excercise their 1st ammendments rights using their own property, and because that activity ran afoul of the party line, their property was zeized and held in contempt of court as a result.

Now there are two seperate actionable items before the court: one the charge against the individual respecting their 1st ammendment rights, and the second that will levied against their property.

So if the individual has 50 tons of silver that has been assayed, and guaranteed to be .999 pure, will have its day in court. However, nevertheless, and that notwithstanding, the rights afforded Man do not apply to that of property. And so the property will have to prove its innocence in accordance to the levels of proof required by criminal cases (as opposed to civil cases).

[bjs1779]

I hate to break it to you, but Social Security payments are adjusted every year for inflation.

I heard that they are now taxing Social Security recipients now. Is that true?

[Toddsterpatriot]

I heard that they are now taxing Social Security recipients now. Is that true?

Where have you been? Clinton screwed the old folks in 1993.

[bjs1779]

I'm talking about the police auction I attended. Just the one auction.

It was hardly worth mentioning then, was it?

[rec]

Ron Paul silver 1 oz coin sells for $550.00 (+ $3.00 postage).