Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Silver as Money back in Circulation
Sierra Times ^

Posted on 02/13/2003 11:08:05 AM PST by BlackJack

A small company in the Ozarks is offering business the opportunity to bring Silver Money back into circulation, and has chosen NORFED’s Liberty Dollars for its vehicle. Ozark Monetary Services of Berryville, Arkansas, has created a program that ensures that any business that accepts Liberty Dollars cannot lose money for doing so… and it’s gaining popularity across the country, with some potentially heavy hitters looking it over closely.

OMS Spokesman David Cato confirms that the company has had discussions with a couple of nationally known marketing giants, but declined to offer specifics.

“What we’re doing is promoting the program to all businesses, and it’s so simple that it’s basically a no-brainer,” says David. “Any business that signs up for the program agrees to accept Liberty Dollars, and return them to their customers in change.

This results in two things happening: first, the customer will in all likelihood return to the store to spend the money again, and other customers who hear about the new money will come to learn more and get some for themselves. For each Liberty Dollar given out in change, the merchant retains a dollar in Federal Reserve money, what we’re all used to.”

Asked about the possibility of merchants being overwhelmed by Liberty Dollars, which can be traded with customers, but can’t be deposited to most banks or used to pay government debts, David explained, “That’s what the OMS Program is all about; anytime they get too many to keep in local circulation, OMS will buy their Liberty Dollars back from them at full face value.”

The community benefits, as well, since OMS and others who promote the Liberty Dollar will occasionally offer the local public the opportunity to exchange their regular money for Liberty Dollars at a discount, gaining as much as ten percent in spendable value on the amount they choose to exchange!

Christmas and other holidays, as well as graduation time, are likely candidates for the special exchanges. The result is an increase in sales, and thereby an increase in profits, for those businesses who participate in the program, and there are even ways for merchants to purchase them at discount in order to make even more money while making change.

Liberty Dollars are paper “Silver Certificates” which are backed by silver, and there’s even a solid silver ten-dollar “Silver Liberty” piece. Merchants subscribing to the program can accept either the Silver Liberty, or the Liberty Dollar Silver Certificate, which is similar to the “bills” we’re accustomed to and more easily carried around. Either way, customers are almost certain to return to where they got the new money when they need something that merchant sells, so customer loyalty is a direct result of the program.

As for cost, there isn’t any. Merchants can sign up without any cost, and enjoy all of the benefits and guarantees, which are made in writing.

“This isn’t about making money,” says David, “although that’s one benefit of it, and the merchants who participate will see some pretty impressive increases in their sales and profits. What it’s really about is getting real value back into the hands of the American People, and making that value an exchangeable commodity in today’s marketplace.”

Interested businesses can contact OMS at 877-561-7263, or by email at:

alfii@cox-internet.com. OMS is a spin-off and partner of ALFII.com, the online financial-privacy club that offers alternatives to conventional banking, even down to an anonymous MasterCard and a way to replace your existing checking account.


TOPICS: Business/Economy; Extended News
KEYWORDS:
Navigation: use the links below to view more comments.
first 1-2021-4041-6061-75 next last

1 posted on 02/13/2003 11:08:05 AM PST by BlackJack
[ Post Reply | Private Reply | View Replies]

Comment #2 Removed by Moderator

To: TonyRo76
Uh oh, something more valuable and cherished than Federal Notes ?

This catching on just shows that the public can distinquish between value and ...............

I'm at a loss of words to describe US Federal Notes.
3 posted on 02/13/2003 11:37:12 AM PST by imawit
[ Post Reply | Private Reply | To 2 | View Replies]

To: BlackJack
Correct me if I'm wrong but didn't the Constitution SPECIFICALLY prohibit banks and states from creating their own currencies ??
4 posted on 02/13/2003 11:40:36 AM PST by Centurion2000 (Chance favors the prepared mind.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: imawit
That's all we need, carrying around lumps of metal in our pockets for money. The GOP buried the Democrats' "free silver" nonsense a century ago.
5 posted on 02/13/2003 11:42:05 AM PST by Grand Old Partisan
[ Post Reply | Private Reply | To 3 | View Replies]

To: BlackJack
This was what I was looking for

Article I
Section 10.
No state shall enter into any treaty, alliance, or confederation; grant letters of marque and reprisal; coin money; emit bills of credit; make anything but gold and silver coin a tender in payment of debts ; pass any bill of attainder, ex post facto law, or law impairing the obligation of contracts, or grant any title of nobility.

6 posted on 02/13/2003 11:47:05 AM PST by Centurion2000 (Chance favors the prepared mind.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Centurion2000
Your right, but that was a long time ago. Time to move on, nothing to see here.


7 posted on 02/13/2003 11:50:10 AM PST by unixfox (Close the borders, problem solved !)
[ Post Reply | Private Reply | To 6 | View Replies]

To: BlackJack
I agree with the poster who said that this seems unconstitutional. Also (perhaps more importantly) these "silver dollars" seem to be every bit as valuable as US dollars -- but are sometimes worth 10% more. Uh, basic economics? Free money out of nowhere? 10% return without really making a bonified investment? Paging, Mr. Ponzi.
8 posted on 02/13/2003 11:51:07 AM PST by ClearCase_guy
[ Post Reply | Private Reply | To 1 | View Replies]

To: imawit; All
Ultimately not even to wipe one's rear(like Weimar notes and French Assignats)---guess we'd better spend them before/as rest of the world is finally waking up.

Did you all see AG squirm and waffle as our Reps grilled him yesterday??

9 posted on 02/13/2003 11:53:21 AM PST by IGNATIUS
[ Post Reply | Private Reply | To 3 | View Replies]

To: Centurion2000
make anything but gold and silver coin a tender in payment of debts

Looks like the states are forbidden by law to accept fiat. At $10 an oz they got a pretty good markup built in, last I saw silver was about $4.60
10 posted on 02/13/2003 11:53:56 AM PST by steve50 (Nolan in 04)
[ Post Reply | Private Reply | To 6 | View Replies]

Comment #11 Removed by Moderator

To: Centurion2000
Your quote would seem to grant a specific exemption for gold and silver coin.
12 posted on 02/13/2003 11:56:53 AM PST by Oberon (I think I need a nap.)
[ Post Reply | Private Reply | To 6 | View Replies]

To: steve50
Looks like the states are forbidden by law to accept fiat

I wonder if anyone has tested that.
OTH This says nothing about banks, which issued notes (paper money) prior to the Civil War.

13 posted on 02/13/2003 12:00:46 PM PST by NathanR
[ Post Reply | Private Reply | To 10 | View Replies]

To: NathanR
I'm thinking of selling some property. Should bring about twenty ozs of gold eagles with a face value of $50 each. I wonder how the IRS is going to react to this idea.
14 posted on 02/13/2003 12:12:28 PM PST by steve50 (Censorship, the last resort of weak minds)
[ Post Reply | Private Reply | To 13 | View Replies]

To: Oberon
Your quote would seem to grant a specific exemption for gold and silver coin

True, but they are selling paper money, not coin.

15 posted on 02/13/2003 12:27:36 PM PST by Centurion2000 (Chance favors the prepared mind.)
[ Post Reply | Private Reply | To 12 | View Replies]

To: Centurion2000
Is the satae doing this or just some people who decided they would trade other forms of currency? If individules want to make this sort of agreement then it seems perfectly legal.
16 posted on 02/13/2003 12:35:27 PM PST by Khepera (tag... your it!)
[ Post Reply | Private Reply | To 6 | View Replies]

To: Centurion2000; unixfox
Well, it is being issued by a private company. So not unconstitutional. Actually not a big deal either. When credit cards were new, people might have wondered if they were "creating currency" or "unconstitutional" as well. But they weren't and aren't.

However, I don't see the point, since nobody is making money off of this. And you have to trust that the private company will indeed "buy them back". If that company goes under, or takes the money and runs, then people and merchants are stuck with the paper. Or maybe the company figures they will take people federal dollars in exchange for "Liberty" dollars and just bank the federal dollars and earn interest. When someone wants to exchange the Liberty dollars back for federal dollars, they do so. Which means if enough people signed up for this, the company could make money and survive...but what is the point? Why would people want these darn "dollars" anyway?

17 posted on 02/13/2003 12:45:33 PM PST by dark_lord
[ Post Reply | Private Reply | To 6 | View Replies]

To: IGNATIUS
guess we'd better spend them

or trade them for something real while that's still possible. Anyway that's what Gspan wants. Soooooo much moola, you don't mind thrown down a few just to do it even.

Sooooo much mooola that there's no sense in hoarding, saving, collecting.

....... then go get some credit.

18 posted on 02/13/2003 12:49:45 PM PST by imawit
[ Post Reply | Private Reply | To 9 | View Replies]

To: steve50
The price of the metal in the Sacagawea dollar coin, based on the copper, manganese, zinc, and nickel prices on December 5, 2001, is about 1.2 cents. You want to talk about a markup, let's start there.
19 posted on 02/13/2003 12:53:34 PM PST by mvpel (Michael Pelletier)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Grand Old Partisan
Democrats' "free silver" nonsense a century ago.

... aaaaaaaaaaaaah, I think ... it's 2003 this year.

Time's change ? Don't things change ?

20 posted on 02/13/2003 12:54:41 PM PST by imawit
[ Post Reply | Private Reply | To 5 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-6061-75 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson