Feds take down Liberty Dollar with Extreme Prejudice
[photo source] Mother Jones reports von NotHaus has founded the Free Marijuana Church of Honolulu – eat that, coppers! Full trial Blog @ LibertyDollarTrial. Ron Paul Coin Minter, Pot Priest, Faces 15 Years in Prison | Mother Jones
A few crib notes on the late great Liberty Dollar, which worked like a barter currency that was backed by precious metals. Until, like so many other interesting things, it was ruthlessly crushed by crazed government lawyers working directly for the interests of our beloved banking industry.
In 2006-7 the pwns of the central bankerz decided to kill off this kewl scheme lest it reveal their perfidious plan to destroy the US Dollar! Now we are *safe*, safe I tells ya!
Bernard von NotHaus taken down for circulating gold coins and warehouse certificates - and what else, of course he has an epic beard and the metals warehouse was in Coeur d'Alene Idaho, the last place that will be conquered by the New World Order no doubt!
It wasn't the strange charge of quasi-counterfeiting (as if people would mistake these for totally "real" Federal Reserve Notez) - but rather the angry US Attorney who denounced these charlatans and subversives as "non-violent" "domestic terrorists". This insanity seems to have no end.
The United States code imposes a fine or imprisonment for anyone who, “except as authorized by law, makes or utters or passes, or attempts to utter or pass, any coins of gold or silver or other metal, or alloys of metals, intended for use as current money, whether in the resemblance of coins of the United States or of foreign countries, or of original design . . .” The Justice Department, in a press release about the verdict, asserts that von NotHaus was placing just such coins into circulation with the purpose of mixing them “into the current money of the United States.”
Photo - Denny Simmons - Courier & Press:
Instead, she was talking about the fact that if the Norfed dollar were permitted by law to be used as a parallel currency in competition with the U.S. dollar, the marketplace would soon reduce the paper dollar to its true value: zero. That's why she views Norfed as counterfeiting and Von Nothaus as a terrorist. In her view, the Norfed dollar wouldn't undermine the U.S. dollar by diluting it. Rather, it would undermine the U.S. dollar by demonstrating in free market competition that the official U.S. dollar's true value is worthlessness, and she considers that possibility to be anti-American and those who support it to be terrorists.
The affidavit concludes that because the Liberty Dollar operation uses Federal Reserve Notes to conduct its business, it is fraudulent. "This reliance upon FRN's by a group opposed to FRN's demonstrates that the American Liberty Dollar Monetary system is simply a drain on the United State Government's monetary system for financial profit via fraudulent means," the feds claim. The document further claims there is probable cause that violations of federal law took place as a result of these activities.
Where's the fraud?? Liberty Dollar Founder Reportedly Found Guilty - Hit & Run : Reason Magazine
Sadly for the bankers' baying bloodhounds, various states like Utah are taking up similar approaches to backing emergency or alternative currencies in gold or silver. Also this means any kind of labor-exchanging "time points" systems are now apparently domestic terrorism, in the bizarrely defined alternate universe of these people.
Good luck sorting it all out, sports! QE3 will rupture the value of the entirely "real" green paper thingies in yr pocketz around June btw.