The journey from there to here

Yesterday, in the land of the free and the home of the brave, federal agents arrested one Bernard Van NotHaus, seized his computer and all of his property.

Nothaus' crime? Producing an alternative currency known as the Liberty Dollar. Unlike the money that has been produced for years by the Federal Reserve Bank, the Liberty Dollar was based on gold and silver standards, the way money had been minted for thousands of years before our government decided to write us what are essentially promissary notes.

It seems to be no coincidence that this arrest came as the American dollar is in a free fall and consumer confidence is virtually nil. The government claims that the Liberty Dollar is counterfeit; however, it is no such thing. It does not look or feel like "greenbacks", and never reports to be the same.

While Congress has the authority to regulate commerce, it does NOT have the authority to dictate the standard of exchange. As an example, you can barter goods and services all you want, and no federally issued dollars ever have to change hands. You could, technically, use Monopoly money as long as both parties were agreeable to the transaction (although I'm not sure what you would do with it.

The raid of the Liberty Dollar's Evansville mint is just another step by the jack booted thugs who run our government. We live in an era where our President has declared virtually everyone to be a potential terrorist, and where every single phone call you make is routed through a switch somewhere for government agents to decode and analyze. And where, sadly, most Americans drink their morning cup of joe and just don't give a flying fig.

The arrest of Bernard Van NotHaus is just another terror tactic by the government, who has previously promised to go after purchasers of the Liberty Dollar (and probably will very shortly). It is telling when we live in a world where you can buy gold and silver bullion engraved with just about any image you want...except that of the Liberty Dollar.

http://www.libertydollar.org/

 


Comments
on Nov 16, 2007
Personally, I would love to put a screeching halt on the fast decline of the dollar. As someone who's about to move to Europe, I'm terrified to watch my money disappear much faster than I can earn it, simply because of the decline.

What I'd really like to do is open an account at an international bank, transfer all my USD there, and have it converted to a Euro-based account. At least, if the dollar gets worse, my money is safe. Selfish? Hell yes. (If anyone knows of such a bank that is available here in the states, I'd be forever grateful for a link.)

I wish we could fix it. But after this long of being broken, how do we un-break it?
on Nov 16, 2007
I wish we could fix it. But after this long of being broken, how do we un-break it?


Stop outsourcing the minting of money through a private Federal Reserve System, pay off the national debt, and, once solvent, return our currency to a gold and silver standard.
on Nov 16, 2007
The raid of the Liberty Dollar's Evansville mint is just another step by the jack booted thugs who run our government. We live in an era where our President has declared virtually everyone to be a potential terrorist,



this is why i am against the home land security law.
on Nov 16, 2007
As any freedom loving American should be, danielost.
on Nov 16, 2007

I'm very mixed on the whole federal reserve and gold standard thing.  When our national currency was government issued, it failed every time.  Under the gold standard we had several harsh recessions and a few really bad depressions.  Since we've been off the gold standard, and the currency and the federal government have been separate, we've had some recessions, but not depressions.

If you compare the success/failure rates, you see what I mean. 

 

Of course, "past success does not guarantee future results". ;~D

As for the arrest, no, it's not right and I hope the whole concept gets a boost with his acquittal.
on Nov 16, 2007

Of course, "past success does not guarantee future results". ;~D
As for the arrest, no, it's not right and I hope the whole concept gets a boost with his acquittal.

Bingo!

The chicken little attitude about the dollar was around 35 years ago when I was living in Germany.  We were Appalled!  That our dollars could only buy 3, then 2.x marks. Now it is the Euro (or English Pound - no matter who is on top, the English Pound - in money - seems to be the setting standard since 1584).

it is the European ascendency.  for now.  And why I told my broker to switch my IRAs several years ago.  in another few years (20 year cycles), I will be going back to American (Dollars).

I heard a broker say (on a commercial of course) that they love Ascending and descending markets.  But they hate static ones (which we are in now).  They make money on the former 2, but cant in the last one.

And that is where we are. When the market gets a mind, either be a broker or the right guesser.

on Nov 16, 2007
I'm very mixed on the whole federal reserve and gold standard thing. When our national currency was government issued, it failed every time. Under the gold standard we had several harsh recessions and a few really bad depressions. Since we've been off the gold standard, and the currency and the federal government have been separate, we've had some recessions, but not depressions.
If you compare the success/failure rates, you see what I mean.


Here's a thought for ya, Para...

If we have one currency backed by the government's word, and another currency backed by a gold or silver standard, what are the chances that the "free marketing" of the currency would cause the former currency to stabilize.

Competition always improves quality.
on Nov 17, 2007
That's why I'm mixed. I see nothing wrong with what Bernard Van NotHaus is doing, but time has proven that the gold standard wasn't a more secure system than government backed notes.

So let privately minted notes compete with dollars and we'll see how that works.
on Nov 17, 2007
One of the few real surprises when I got to Iraq relates. Over there they still use bills (although it's a right pain in the fundament to get them, frickin' stand in line for an hour at finance or take out twenty at a time at the px), but instead of change, they use these crappy pogs, "px gift certificates". Tell me, what kind of gift can you get for a nickle...erm, a 5 cent pog? De facto, non-congressional type military scrip. Which of course, some people take, and some people don't. (including the frickin' post office)

However, if you break one in half, they do make decent lightweight guitar picks.

on Nov 17, 2007
SPC: I didn't know they were going with a military scrip system over there. That reminds me of the M*A*S*H episode where they were changing the scrip from "Red to Blue". ;~D

Apparently, using a standardized system of barter other than Federal Reserve Notes isn't unheard of.