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.

[bjs1779]

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

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

[gnarledmaw]

"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.....

[Toddsterpatriot]

Just another example of stupid people overpaying for something.

[Toddsterpatriot]

And before you hurt yourself, he overpaid by 900%.

[raygun]

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.

[bjs1779]

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

Just checking if you were honest T.P.

[Smokin' Joe]

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.

[bjs1779]

Just another example of stupid people overpaying for something.

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

[Toddsterpatriot]

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.

[Toddsterpatriot]

What are you superior people going to do about that?

Point. Laugh. Shake my head.

[raygun]

[Smokin' Joe]

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.

[raygun]

[bjs1779]

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.

[rec]

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 "

[raygun]

[Toddsterpatriot]

I suppose they include the 'volatile' food and fuels sectors?

They are included in CPI, so yes.

[Toddsterpatriot]

I told you, I don’t over pay by 80% or more for commodities. Sorry.

[bjs1779]

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.

[raygun]

Well, then...