First, I didn't know it was legal to make an alternative currency, but the backers of Libery Dollar claim this is so. Their headquarters was raided by the FBI on Thursday. But before we get to that, here's the information on the Liberty Dollar:
The Federal Reserve creates inflation when it issues US dollars backed by government debt. Since 1913, when the Federal Reserve was created by Congress, your money has lost 96% of its purchasing power due to inflation. The more "money" the Federal Reserve creates - the less your Federal Reserve "money" will buy.
From 1913 to 2001 the national debt grew to $6 trillion in 88 years. In the next three years it climbed to $7 trillion dollars in 2004. In just one year it climbed sharply to over $8 trillion dollars. The acceleration of the national debt is alarming. The corresponding loss of your purchasing power may also accelerate in the near future.
Now you can profit from the coming inflation with the inflation proof REAL money - the 100% gold and silver Liberty Dollar.
Hi. My name is Bernard von NotHaus. I was so concerned about what is happening to our "money" that I designed and developed the Liberty Dollar. For 25 years, I was the Mintmaster at the Royal Hawaiian Mint and have devoted my life to the study of money, why it is valuable, and how we use it to fulfill our dreams. Like you, I am paying a lot higher gas prices, but I am also making a lot more money because I am using the Liberty Dollar. Here is what G. Edward Griffin, the noted author on the Federal Reserve said:
Below is the letter that appears on the Liberty Dollar website after the FBI raid.
Dear Liberty Dollar Supporters:
I sincerely regret to inform you that about 8:00 this morning a dozen FBI and
Secret Service agents raided the Liberty Dollar office in Evansville.
For approximately six hours they took all the gold, all the silver, all the
platinum and almost two tons of Ron Paul Dollars that where just delivered last
Friday. They also took all the files, all the computers and froze our bank
accounts.
We have no money. We have no products. We have no records to even know what was
ordered or what you are owed. We have nothing but the will to push forward and
overcome this massive assault on our liberty and our right to have real money as
defined by the US Constitution. We should not to be defrauded by the fake
government money.
But to make matters worse, all the gold and silver that backs up the paper
certificates and digital currency held in the vault at Sunshine Mint has also
been confiscated. Even the dies for mint the Gold and Silver Libertys have been
taken.
This in spite of the fact that Edmond C. Moy, the Director of the Mint,
acknowledged in a letter to a US Senator that the paper certificates did not
violate Section 486 and were not illegal. But the FBI and Services took all the
paper currency too.
The possibility of such action was the reason the Liberty Dollar was designed so
that the vast majority of the money was in specie form and in the people’s
hands. Of the $20 million Liberty Dollars, only about a million is in paper or
digital form.
I regret that if you are due an order. It may be some time until it will be
filled... if ever... it now all depends on our actions.
Everyone who has an unfulfilled order or has digital or paper currency should
band together for a class action suit and demand redemption. We cannot allow the
government to steal our money! Please don’t let this happen!!! Many of you read
the articles quoting the government and Federal Reserve officials that the
Liberty Dollar was legal. You did nothing wrong. You are legally entitled to
your property. Let us use this terrible act to band together and further our
goal – to return America to a value based currency.
Please forward this important Alert... so everyone who possess or use the
Liberty Dollar is aware of the situation.
Please click HERE to sign
up for the class action lawsuit and get your property back!
If the above link does not work you can access the page by copying the following
into your web browser. http://www.libertydollar.org/classaction/index.php
Thanks again for your support at this darkest time as the damn government and
their dollar sinks to a new low.
Bernard von NotHaus
Monetary Architect
What's interesting as well, is that Bernard von NotHaus was making a "Ron Paul Dollar." Now what do you suppose such a dollar could be used for? That's right: paying for his campaign. Think I'm kidding? Look at this:
In celebration of The 4th of July, 2007 you are invited - even urged - to flex your independence with the Volunteer Network's 'secret weapon' - the Ron Paul Dollar bringing new meaning to the U.S. Mint's "Presidential Dollars" and symbolizing the Congressman's values. WOW! Now the Internet's favorite Presidential candidate has his own money to help turbo-charge his shot at the White House.
I'll bet the FBI raid was intended to derail that attempt to subvert the government. I'm not sure how I feel about what they've done, but I can't help but see it as a form of monetary terrorism.
Stay tuned