Liberty Dollar

Hard money scares the Feds. This is most likely retaliation for the Liberty Dollar's lawsuit against the Fed.

Liberty Dollar

Private property, voluntary trade, apparently no longer legal.

What law were they accused of breaking?

BTW, when I saw they were selling a Ron Paul dollar, it was pretty much over for me in terms of taking them seriously.

i still want one tho. I would like to have some silver coins.

Holy shit, they are in Evansville? That's where I am. Nice to see the city's finally gettin' some press!

Feds raid liberty coin offices : Local News : Evansville Courier Press

I second that, why the hell are those medallions illegal?!? Is it used to avoid tax? (meh i dont have the time/inclination to go through those legalese )

I second that one too.

I do see another reason they would want to do this. This could help break the dollar. And i am not for product-backed currencies, it is just a damn waste to have stuff just lying around being valuable. Gold/silver are used in products that actually are usefull. Add to that, that it is just hoping that people dont start coming in to get their gold, crashing the gold prices. I guess finding a good way to define currencies' value is just a hard thing to do.

I believe they are in trouble since their coins and what-not look too much like 'regular' dollars. It is against the law to make anything that can be misconstrued as regular money. There was some organization that made 1,000,000 dollar bills as a promotion. The Fed's busted them, even though no person in their right mind would consider the bills real. Clearly though, it is OK to make your own currency, several places in America have done just that (see this story)

As a Ron Paul fan myself, I am concerned that people may be over-reacting to this.

They are being accused of offering the Liberty Dollar as a legal tender, which they clearly have not done. They very clearly state that it is a "barter currency", which does not even imply "legal tender".

Basically, the Feds are agruing that private citizens don't have a right to own precious metals which have intrinsic value and/or use them for private trade. Both arguements are at odds with the Constitution and the Law.

The Liberty Dollar company had filed a lawsuit against the Feds for asserting that their product "may be illegal", because it is illegal for the Feds to make such assertions without evidence. In fact, Michael J. White, a spokesman for the U.S. Mint, is specifically quoted as saying, "Liberties are not made by the government, are not legal tender and the U.S. Treasury Department does not approve of it. No business is required to accept Liberties. There is no law preventing businesses from accepting Liberties for goods and services, if they choose to do so."

I forgot, any politician who doesn't advocate statism, fascism, or any other form of collectivism isn't to be taken seriously, and, of course, anyone who associates with them, too. My mistake. Fool.

Meanwhile, about another 50 people died in Iraq today...

Thanks to Fiat Money, without which the financing of said war would be impossible.

Since Fiat Money allows the Fed to secretly raise taxes through inflation, any conceivable expenditure by the State is made possible without public consent.

Edit: Here is what they've done to the U.S. Dollar

Just to point out the slant of the AP article, they've never produced "coins". They make "rounds". The nomenclature makes all the difference when it comes to legality. They've never claimed to make "coins" or "legal tender".

If they had evidence of "money laundering, mail fraud and wire fraud", they would have made an arrest. This is Abuse of Process, which is common practice in the Federal Government.

A T.V. report went as far as to claim Liberty Dollar's customers were entering into a civil suit against the Liberty Dollar company, when, in reality, the customers are entering into a civil suit against the Federal Government.

That would be a fine issue for the courts to decide, if that was what they were charged with. As it stands, no one is charged with anything, and this siezure of private property amounts to legal theft.

The AP article above implies that it's some sort of "fraud" investigation. A charge I find to be highly dubious.

I've heard about that in relation to some "Bill Clinton" three dollar bills that were going around. I think the issue there was that the bills were clearly designed with the intent of resembling U.S. legal tender. Again, I don't think that is the issue here. If it is, they should file the charges, and have it out in court.

My city did something similar for a local music festival. Thanks for the link.

The real problem is letting the government define currencies value, something that the greenback does and hard money would prevent. It gives the government unrestrained spending power at the expense of the poor and middle classes, which history has proven is a bad idea.

I'd like to see a workable alternative to a silver or gold standard. Unfortunately, the only option put forth on that side is fiat money, which is to the detriment of all but the most wealthy.

I have seen the RP dollars in person, and the Liberty Dollars on the web. I think they do look enough like legal tender to have charges brought. See for yourself at the Mint's original complaint:
The United States Mint Hot Items
I mean, why on earth would they put the phrase "Trust in God" on the front of the coin if not to look somewhat similar to "In God We Trust?" If they were serious about making a competitive currency they should have taken steps to NOT look like regular currency--not the opposite.

i like the idea of owning some silver, j.i.c shit hits the fan one day you have something of value, but using it for business, i think its like going backwards in development, stupid idea. YEA lets start bartering again, not.
I am against the Feds being stupid tho, they are always fucking with people that aren't doing illegal shit and always pushing the constitution and law.

Aaaahhhhhh, I gone went and done gored your sacred cow.

So sorry.