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.

[Curtis E. Vann]

What scam? They guy is selling coins, and people are trading them for products and services. The truth is that the Federal Government is claiming an exclusive right to scam people with their worthless paper dollars, and doesn’t want that scam exposed by allowing people the right to use sound currency.

[Army Air Corps]

min = Mint

[editor-surveyor]

"Free Republic rules are that the complete original title must be used, when posting."

There was a much more accurate story, with a title that correctly represents the facts on Worldnetdaily (as usual)

[KentTrappedInLiberalSeattle]

There was a much more accurate story, with a title that correctly represents the facts on Worldnetdaily (as usual)

Then shouldn't you be posting it...?

[Army Air Corps]

Barter is fine. He was also printing paper money based on how much metal he had stashed away. I’ll print a certificate for you and tell you that it is backed in gold.

If he thinks that fiat money is worthless, then why accept it for his coins? If he won’t accept barter for his coins, then he doesn’t *really* believe his own purported philosphy.

[mysterio]

It’s funny, if Ron Paul’s name wasn’t mentioned, this thread would be about how the government shouldn’t have raided the business. lol

[editor-surveyor]

"You should be paranoid if you are minting your own currency and selling it to others as legal tender."

You apparently don't understand the difference between money and currency. What the Feds illegally confiscated was constitutionally protected and mandated real money, while currency is a representation of money. Any currency that is actually backed by gold or silver in the amount of it's face value is quite legal.

[djf]

Aren’t there at least a dozen ETF’s on Wall Street that are doing the exact same thing?

How come the FBI ain’t breaking down the doors at COMEX?

[editor-surveyor]

I wonder if they could just claim the coins are “non-legal tender”

No reason to. The constitution defines gold as the only legal tender.

[bjs1779]

Ebay just completed an auction for a Ron Paul silver dollar. $330.99

[KentTrappedInLiberalSeattle]

Ebay just completed an auction for a Ron Paul silver dollar. $330.99

FILL IN THE BLANKS: "A _____ and his _____ are soon ________." ;)

[wolfcreek]

“It’s a scam, and a good one”

Damn, I need to start making a list. Nearly everything I buy isn’t worth what I paid for it.

[DoughtyOne]

Thank you. I guess you link doesn’t work for some people.

[editor-surveyor]

I am literally astounded at the yawning chasms of ignorance by posters here who assert that any coinage which would compete with the fiat money of the fed is "counterfeit"

They're not as ignorant as they pretend to be. Each and every one of these is a deliberate deceiver here. Check out their posting history and you will see what I mean.

[editor-surveyor]

" it’s historical fact that governments debased their coins"

Yes, ours started doing so immediately after LBJ was re-elected.

[MindBender26]

>>>>Nearly everything I buy isn’t worth what I paid for it.

You must know my first wife.....

[wolfcreek]

Would that be the former Mrs. Bender?

Naw. Never heard of her.

[editor-surveyor]

Your deceptive ignorance is herein preserved for linking in the near future. Thanks!

[untrained skeptic]

Here is the law that I believe they are accused of breaking, or at least one of the laws.

http://law.onecle.com/uscode/18/486.html

Liberty Dollar creates coins and tells people to use them like money, in place of the US dollar. They call it a legal, functioning currency. However, they also include a disclaimer that their currency isn't "legal tender".

So they sell their currency to be used just like legal tender, but they want that tongue in cheek disclaimer to protect them from prosecution.

I guess that approach will get evaluated in a court of law in the not so distant future.