The Liberty Dollar is not legal tender, not a coin, not currency in the sense of government coinage.

But it is used as a means of private barter. If both partys agree to accept the Liberty Dollar in a transaction no law has been broken.

It's not just any comment Joe, it's the use of "our" when he's not a member of this country as well as his eagerness for armed confrontation amongst others. He's like the person who hovers on the edge of a fight screaming "kill him".

Imagine for a second me saying something like "Canadian patriots armed with guns ought to surround the local Mountie office and take back that seized evidence by any means necessary because they have no right to mess with our Canadian currency".

Now we're I to say something like that you would have every right to object to my use of the word "our" as well as to keep my Yankee nose out of your business. Right?

http://www.nysun.com/article/66642

This article shed more light on the the seizure and is not one sided. The currency is a joke and it appears he is trying to defraud bot US currency by passing the money off to unsuspecting merchants and investors by basically selling silver at 70% its value.



FYI:
"Tune into CNN tonight (11/20/2007) at 7:00pm EST. Bernard von NotHaus to be featured on the Glenn Beck show!"

August I have issues with elite_hunter as well.



...this post of his in a different thread about George W. Bush.

"hes not a man at all, hes a filthy moronic coward, only thing he deserves right now, is to be tortured to the extreme, then executed... "



His posts are often irrational and his opinions juvenile.

What if a bank chose to print it's own currency?

An interesting article on this topic.

"all kinds of alternative currencies exist. Gift certificates, Disney Dollars, casino
chips, product-purchase points, and so on are all forms of exchange that lie somewhere on the spectrum between barter and honest-to-God Federal Reserve Notes. Back in the bad old days, companies that ran company towns paid workers in company scrip that could be redeemed nowhere but the company store. These days, credit card and other companies often use airline miles as de facto scrip to reward loyal customers."

http://www.libertydollar.org/news-st...1171681660.pdf

:shifty::shifty:

nice insult :up:


this is from the NORFED site, take a good look:

http://www.norfed.org/graphics/home/nationaldebt.jpghttp://www.norfed.org/graphics/home/purchasepower.jpg
Notice, the federal debt really takes off at 1945, at the end of WWII.

by the way, about the real dollar:

The name Thaler (from German thal, or nowadays usually Tal, "valley", cognate with "dale" in English) came from the German coin Guldengroschen ("great guilder", being of silver but equal in value to a gold guilder), minted from the silver from a rich mine at Joachimsthal - Jáchymov (St. Joachim's Valley) in Bohemia (then part of the Holy Roman Empire, now part of the Czech Republic). The basis of "thaler" comes from Joachimsthaler.[1] The name is historically related to the tolar in Slovenia (Slovenian tolar) and Bohemia, the daalder in the Netherlands and daler in Sweden, Denmark, and Norway.

In the early days of the United States, the dollar was a defined unit of trade equal to 412.5 grains (26.73 g) of 90% silver. Today the closest definition to a dollar comes from the United States code Title 31, Section 5116, paragraph b, subsection 2, "The Secretary [of the Treasury] shall sell silver under conditions the Secretary considers appropriate for at least $1.292929292 a fine troy ounce." However Federal Reserve banks are only prejudiced to deliver tax credits instead of money. The silver content of U.S. coinage was mostly removed in 1965 and the dollar essentially became a baseless free-floating fiat currency;

That time of real-deal-value dollar is long gone.


Liberty Dollar used silver and gold. How could that "compete with the circulating coinage" since the US mint doesn't issue any silver or gold coins for circulation?

The US mint makes silver and gold bullion coin, which isn't meant to circulate. You can buy them from a coin dealer, or online, in the USA, along with the same type of coins from Canada, Mexico, Britain, South Africa, Australia, and China. All of these foreign coins compete with the silver and gold bullion coins of the US mint.

You can accept whatever species of money you want to in payment. That is a right of contract. Constitutionally, the US government cannot force you to accept payment in a particular species. But then, the US government has stopped paying any attention to the US Constitution.

The coins the US mint issues are tokens, and not lawful money. See 12 USC 411,412 for a definition of lawful money. How can you break the law by competing with something that is not lawful?


Here is yet another alternative currency company, offering silver dollars made of real silver. And no FBI raid.

pretty sure that the Liberty Dollar was taken down because Bush was jealous over the Ron Paul dollar.

Here is another company that produces .999 fine silver and gold coins, with their own artwork (heck, you can have YOUR face, or even MY face on a coin .... maybe not).

You don't see the FBI kicking down their doors, do you?

:roll:

[QUOTE][Actually, the competition is illegal. Only the US Mint has the legal authority to coin anything intended to be used as money within the US, and the Bureau of Engraving and Printing covers anything involving paper money./QUOTE]

Company towns aren't allowed to do that any more, that's why the practice stopped. Plus, using airline miles to reward credit card loyalty is not a transaction in a sense. In order for a true transaction to occur, something has to be given up on both sides. For a contract to be legal, at least a token amount must be traded to ensure that both parties entering the contract are being considered.
This is not the case when the credit card companies essentially give the miles for nothing but "loyalty."

http://en.wikipedia.org/wiki/Peppercorn_(legal)

Well, I was speaking in general terms but yes in this particular case you are right. Which is why I said, well-informed posters. Not confused young teens who don't even realise what certain extremist movements and their "spiritual grandfathers" really think of their ethnic group, nor what communism really meant.

I'll amend it.

His posts are often irrational and his opinions juvenile IMO.

There doesn't seem a shortage on alternate currency out there in the USA

http://en.wikipedia.org/wiki/List_of..._United_States

Anyone for a brass razoo?

I'll buy that for a dollar!

Hey, we've got alternative currencies in Canada, too!

Convert your savings to Canadian Tire Money. NOW. :doh:

I would say that the US gov't has much more important things to do than go after a group involved in the barter system with their own barter currency. No where on the coins does it mention being US tender.

Don't trade with me bro!!!

http://www.netech.biz/images/bartercard_card.jpg

http://slog.thestranger.com/files/2006/10/arrest.JPG

To think that the Australian dollar was once called the Pacific Peso!:doh: