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:laughing: Conspiracy theory haters beware! 13 years later.. silver reaches 30 year high, and now there is prosecution? :lookinup: What a "coincidence"...

Feds seek $7M in 'Liberty Dollars' that were invented by man to compete with US dollar

RALEIGH, N.C. (AP) -- Federal prosecutors on Monday tried to take a hoard of silver "Liberty Dollars" worth about $7 million that authorities say was invented by an Indiana man to compete with U.S. currency.

Bernard von NotHaus, 67, was convicted last month in federal court in Statesville on conspiracy and counterfeiting charges for making and selling the currency, which he promoted as inflation-proof competition for the U.S. dollar.

His Charlotte-based lawyer, Aaron Michel, is appealing that verdict. He wrote in a motion filed Thursday that von NotHaus did nothing wrong because he didn't try to pass the Liberty Dollars off as U.S. dollars.

"The prosecutors successfully painted Mr. von NotHaus in a false light and now the U.S. Attorney responsible for the prosecution is painting the case in a false light, saying that it establishes that private voluntary barter currency is illegal," Michel wrote.

The trial was scheduled to resume Monday in Statesville. The case involves more than five tons of Liberty Dollars and precious metals seized from a warehouse, which the government wants to take by forfeiture, according to federal prosecutors and Michel.

Von NotHaus began issuing Liberty Dollars in 1998, as head of the Evansville, Ind.-based National Organization for the Repeal of the Federal Reserve and Internal Revenue Code. In 2007, the group's headquarters were raided along with the Sunshine Mint in Coeur D'Alene, Idaho, where the coins were made. The case is being tried in Statesville because one of the organization's top officers is based in Asheville, and because an undercover investigator made contact with the group in North Carolina.

Federal prosecutors successfully argued that von NotHaus was, in fact, trying to pass off the silver coins as U.S. currency. Coming in denominations of 5, 10, 20, and 50, the Liberty Dollars also featured a dollar sign, the word "dollar" and the motto "Trust in God," similar to the "In God We Trust" that appears on U.S. coins.

"Attempts to undermine the legitimate currency of this country are simply a unique form of domestic terrorism," U.S. Attorney Anne Tompkins said in a statement after von NotHaus was convicted.

Von NotHaus has argued it's not illegal to create currency to privately trade goods and services. He also has said his organization took pains to say the Liberty Dollars shouldn't be called "coins" and shouldn't be presented as government-minted cash. Among other benefits, Michel's motion argues, the Liberty Dollars were a means to help keep currency in local communities by creating networks of merchants and consumers who used the money.

Numerous cities and regions around the country have experimented with local currency, but laws restrict them from resembling U.S. bills or from being passed off as money printed by the federal government.

The concerns raised by von NotHaus and his group are finding resonance among some state lawmakers, too. About a dozen states have legislation that would allow them to produce their own currency backed by gold or silver in the event of hyperinflation striking the U.S. dollar. North and South Carolina are among those states.

That's partly why von NotHaus' group has been followed for years by the Southern Poverty Law Center, a group that tracks political extremism. Long before the government began its investigation into von NotHaus, the group was raising concerns about the popularity of Liberty Dollars among fringe groups on the far right.

"He's playing on a core idea of the radical right, that evil bankers in the Federal Reserve are ripping you off by controlling the money supply," said Mark Potok, spokesman for the group. "He very much exists in the world of the anti-government patriot movement, whatever he may say. That's who his customers are."

Von NotHaus is currently free on bond. If the conviction against him is upheld, he faces up to 25 years in prison and a fine of $750,000. A sentencing date has not been set yet.

http://finance.yahoo.com/news/Feds-seek-7M-in-privately-apf-641808269.html?x=0&.v=1
 

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I realize that we have terrorists, murderers, rapists, etc. that need to be tried for their crimes. But thank goodness the justice dept. understands those things should take a back seat to trying someone for minting his own coins. :crazy:
 

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"Only Congress shall have the authority to issue currency in the name of the Republic"

The paper currency of a private corporation, (aka Fed Notes), therefore, is UNCONSITUTIONAL. (where would I be w/o my caps key?)

Private notes, not issued by Congress, masquerading as the currency of the Republic. Jail the conspirators!

If the entire world gets sick of trading their local currency for rapidly-shrinking Fed Notes to buy oil, (mandated by the Breton-Woods agreement of 1948), and there is a move towards the Euro or other currency to exchange for oil, then the easy paper game is over for the Fed. Knowing how shrewd they are, I suspect that they are trying to figure a way into controlling the possible issuance of the Amero, or controlling the Yuan. That's the only way they can keep their hedgemony going into the future, if oil moves to another currency.
 

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I would hope you guys see the reasoning in a single entity being the only "authorized" issuer of a nations currency. Claim "un-Constitutionality" and manipulation all you wish (rightfully so in some cases) but the last thing we would ever want, is a bunch of different currencies being created by anyone with a printing press and a little bit of gold.

Or is it ?
 

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So, how long until they go after arcade tokens or gun range tokens?

Morons.
 

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That's not a monetary value. It is not accepted anywhere else... otherwise casino chips would be illegal, also.
 

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Discussion Starter · #7 ·
I would hope you guys see the reasoning in a single entity being the only "authorized" issuer of a nations currency. Claim "un-Constitutionality" and manipulation all you wish (rightfully so in some cases) but the last thing we would ever want, is a bunch of different currencies being created by anyone with a printing press and a little bit of gold.

Or is it ?
Sure, I see the value in letting a private corporation control and manipulate the money supply. Hard to have wars, without easy flow cash. And it would be damned hard to have direct taxation with multiple currencies including gold and silver. Hell, it would make the worthless fiat dollar, worthless.. :laughing:

:cheers:
 

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Well... as long as you see the reasoning, brother. :cheers:
 

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That's not a monetary value. It is not accepted anywhere else... otherwise casino chips would be illegal, also.
So, it becomes illegal if you accept tokens as payment for paint or i accept them as payment for wine? I don't think so. The US still operates on the barter system. There are barter clubs all accross the country. I think they just want this guy because of the materials used in his coinage.
 

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Discussion Starter · #10 ·
So, it becomes illegal if you accept tokens as payment for paint or i accept them as payment for wine? I don't think so. The US still operates on the barter system. There are barter clubs all accross the country. I think they just want this guy because of the materials used in his coinage.
That is what the 13 year delay indicates to me.. that and the fact that so many states are looking into doing the same thing, are they criminals too? :huh:
 

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That is what the 13 year delay indicates to me.. that and the fact that so many states are looking into doing the same thing, are they criminals too? :huh:
I think it is an intimidation technique to scare the people into telling their lawmakers to back off or to not use the state currency.
 

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I think it's because a dude decided to make his own money...
 
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