Feds lower boom on alternative money (LIBERTY DOLLARS)

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pokerkid
Site Admin
Posts: 7781

Feds lower boom on alternative money (LIBERTY DOLLARS)

Post#1 » Fri Sep 15, 2006 11:33 pm

It seems that the ashekenazi crooks that run the private FED dont want competition to their funny monopoly money. Go Bernard Vonothouse, time to kick khazarian ass.
pk

Feds lower boom on alternative money
http://www.usatoday.com/money/2006-09-1 ... usat_x.htm

Updated 9/15/2006 3:01 AM ET
Image

By Barbara Hagenbaugh, USA TODAY
WASHINGTON — The government Thursday warned consumers and businesses that it is illegal to use alternative money known as "Liberty Dollar" coins, which organizers promote as a competitor to the almighty dollar.

"We don't want consumers to be fooled," U.S. Mint spokeswoman Becky Bailey says, noting U.S. Attorneys offices across the USA have noticed a marked increase in inquiries about the coins.

The coins' producers vowed to fight the government's decision.

Evansville, Ind.-based National Organization for the Repeal of the Federal Reserve Act and the Internal Revenue Code, otherwise known as NORFED, has been making the Liberty Dollar coins for eight years and claims $20 million is in circulation. The group says the money, unlike official U.S. cash, has a hedge against inflation because it is made almost entirely of silver and is backed by stocks of silver and gold in a vault in Idaho.

The coins are then spent by the group's 2,500 Liberty Associates in stores run by fellow supporters or are accepted unknowingly by clerks who are unaware they are not receiving real money.

The Justice Department has determined that use of Liberty Dollars, which come in varying denominations, "is a crime," according to the Mint, which issued a rare public warning Thursday.

"The United States Mint is the only entity that can produce coins," Bailey says.

The Mint notes the coins share some resemblances to real money, such as the term "Trust in God" instead of "In God We Trust" and use of a torch in the design. Such similarities may confuse people into thinking the money is real, the Mint says.

But NORFED says it will challenge the government, arguing it has never claimed Liberty Dollars were official money and that it has a right to offer an alternative.

"The designs and verbiage ... are original and are not copies of any U.S. Mint currency," NORFED Executive Director Michael Johnson said in a statement.

It's unclear how many people or businesses are unknowingly holding Liberty Dollars, which cannot be exchanged for real money at banks.

In a case in Buffalo, a man and his son are set to go on trial next month after they knowingly tried to buy beer at a Buffalo Sabres hockey game with Liberty Dollars.

The Mint did not say if government officials will seek to prosecute individuals or NORFED after its warning.

Reed Runk, part-owner of Kendall Funk & Bismark Jewelers in Chambersburg, Pa., says the store has been accepting Liberty Dollars for about a year and has sold a few as well. Runk says the store will continue to accept and sell the coins.

"We just feel that they are something that educates people as to what the monetary systems are like in the world, that they are a fiat system, that if people lose faith in them, they will collapse," he says. Besides, "They are a good-looking coin."
Posted 9/14/2006 10:40 PM ET
Updated 9/15/2006 3:01 AM ET E-mail | Save | Print |
The Liberty Dollar's manufacturer plans to challenge U.S. government. "The designs and verbiage ... are original and are not copies of any U.S. Mint currency," a company executive says. The Liberty Dollar's manufacturer plans to challenge U.S. government. "The designs and verbiage ... are original and are not copies of any U.S. Mint currency," a company executive says.

pokerkid
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Posts: 7781

Bernard Vonothouse responds to false allegations by FED

Post#2 » Thu Sep 21, 2006 12:32 am

Again, the real criminals dont like competition to their funny money FRAUD notes.
pk

September 19, 2006



The US Mint News Story in Perspective





The recent United States Mint warning regarding NORFED and the Liberty Dollar
offers a rare opportunity. Let´s face it, it had to happen...with the growth
and prevalence of the Liberty Dollar over the last eight years, the Government
had to respond.



They went public and cleared the air in many ways. First, they stated that
the gold and silver Liberty Dollar `medallions´ are not US Mint bullion coins,
nor are they legal tender...just as NORFED always advertised. Secondly, they
stated that the Liberty Dollars are privately produced, and not backed, nor
affiliated with, the United StatesGovernment...of course not, they´re backed
by gold and silver, again, just as NORFED has always advertised. Here it is
in plain sight...the Liberty Dollar is not a coin, not legal tender, and backed
with inflation proof gold and silver!



So what has happened? Goliath just introduced David to millions of Americans
as a nationally recognized underdog. Just as Pepsi went up against Coke with
their "take the Pepsi Challenge" campaign, the Liberty Dollar will take it
to the people to decide which currency they should use. Welcome to "Just try
the Liberty Dollar" campaign. So keep doing "the drop" and spreading the word.
We are within our rights to offer Liberty Dollars for goods and services to
whoever will voluntarily accept them.



Since the Liberty Dollar has hit mainstream media via USA Today, AOL, Reuters,
etc visits to our website have soared to almost 10 time´s normal traffic. Online
orders have skyrocketed as well! Everything from bumper stickers to Liberty
Dollars are being ordered plus new Liberty Associates are signing up...America
is mad as hell and isn´t going to take it anymore. The people are speaking
and they want the Liberty Dollar! Comments like "The US Mint can bite me" and
"I´m exercising my right to choose" have been included with many of the orders
received.



Critical-thinking free individuals, groups and associations are stepping up
offering assistance and support to the Liberty Dollar. Let´s keep the momentum
going, get your orders in now while silver is at its lowest in months...whether
Silver Certificates or Silver Libertys, the beautiful new five ounce Eighth
Anniversary $100 commemorative or the very spendable $5 "Quarter Lib"...all are
right... right now. Buy now and demonstrate your commitment to the value-backed,
inflation-proof Liberty Dollar...practice your right to a free-market currency.



I also want to extend my sincerest thanks and appreciation to every Regional
Currency Officer, Liberty Associate, and Liberty Merchant for their past support.
Looking to the future our greatest opportunities and challenges are yet to
come. Success takes many forms, but the satisfaction of accomplishment, of
doing what you set out to do, can offer the greatest reward especially if that
reward is returning America to Value - One Liberty Dollar at a time.



Please review our official Disclaimer and Press Release that specifically address
the allegations made by the US Mint on Thursday, September 14.



Mike Johnson

Executive Director

NORFED/Liberty Dollar

www.LibertyDollar.org

1.888.421.6181











LIBERTY DOLLAR PRESS RELEASE

Liberty Dollar Says NO to the US Mint Allegations



The United States Mint inadvertently may have done THE LIBERTY DOLLAR, an acclaimed
private, non-government currency and favorite numismatic item distributed by
NORFED, Inc., a favor by posting a "Warning" on its website on September 14
entitled "Liberty Dollars Not Legal Tender, United States Mint Warns Consumers."
The last thing NORFED, Inc., known for the Liberty Dollar, wants is for someone
to be confused that the gold and silver based Liberty Dollar has some connection
with the Federal Government´s fiat money, which is based upon nothing more
than popular acceptance for lack of an alternative.



Since the introduction in 1998 of the Liberty Dollar every effort has been
made to promote and market the Liberty Dollar with educational tools by clearly
and repeatedly pointing out that the Liberty Dollar is not United States Mint
fiat money, is not legal tender, is not a coin, is not currency in the sense
of governmental coinage, and is not money in the sense of governmental coinage.
(Currency and money have varied dictionary definitions. In its own interest
the Liberty Dollar has every incentive to clarify that the Liberty Dollar has
no connection with the Feds - and that´s what has been done, and continues
to be done, over and over.)



Any claim of the forgoing would be contrary to the purpose and function of
the Liberty Dollar, which, in addition to its being a numismatic item is a
means of voluntary barter.



The US Mint Warning hasapparently been responsible for a gigantic increase
in media and citizen attention to, clarification of, and evidently purchase
of a lot more Liberty Dollars. Mike Johnson, Executive Director for the Liberty
Dollar notes that, "There never has been such a volume of response - and incredibly
favorable response - to the Liberty Dollar."



However, the US Mint Warning makes a big and wholly unjustified mistake.
At the end of the opening paragraph it says: "Prosecutors within the Department
of Justice have determined that the use of these gold and silver NORFED `Liberty
Dollar´ medallions as circulating money is a Federal crime."



After some introductory misstatements, erroneously relying upon 18 USC §
486, the last sentence claims that " . . . prosecutors with [sic] the United
States Department of Justice have concluded that the use of NORFED´s `Liberty
Dollar´ medallions violates 18 USC § 486, and is a crime."



Leaving aside the fact that the United States Mint has no criminal jurisdiction
and no authority to interpret, much less enforce, the Criminal Code, the fact
is that nobody in the Federal Government has ever contacted the Liberty Dollar
or anybody responsibly connected with it, to investigate, much less to claim,
that there is something unlawful about the Liberty Dollar.



Just the opposite. Over and again people have enquired of responsible personnel
in the United States Secret Service, in the Department of the Treasury Bureau
of Engraving and Printing, in the United States Federal Reserve and so on.
Just a few of the responses: An Engraving and Printing spokeswoman said, "There´s
nothing illegal about this. As long as it doesn´t say legal tender there´s
nothing wrong with it." A Washington, D. C. Federal Reserve System spokesman
said, "There is no law that says goods and services must be paid for with Federal
Reserve notes. Parties entering into a transaction can establish any medium
of exchange that is agreed upon." A Federal Reserve Bank of Minneapolis official
said, "If these [NORFED] people want to issue their own money, so be it."




The Liberty Dollar exists, and does so very well, with an estimated $20 million
worth of gold and silver Liberty Dollars and Silver Certificates in voluntary
circulation as barter, and growing, because the Liberty Dollar is not legal
tender, is not connected with any governmental agency and, unlike United States
coins and Federal Reserve notes, it is not fiat - or, what some might say,
"funny" money.









LIBERTY DOLLAR DISCLAIMER





The Liberty Dollar and other precious-metal mintings distributed by NORFED,
Inc., dba the Liberty Dollar, never have claimed to be, do not claim to be,
are not, and do not purport to be, legal tender, or a coin.



The noun currency has many dictionary definitions - for example, without
limitation, "that which is current as a medium of exchange[,]" "circulation
as a medium of exchange[,]" "a common article for bartering[.]" In the sense
that currency may be used to refer to the coinage of a government the Liberty
Dollar never has claimed to be, does not claim to be, is not, and does not
purport to be, currency.



The noun money also has many dictionary definitions - for example, again without
limitation, "something generally accepted as a medium of exchange[,]" "a measure
of value[,]" "a means of payment[.]" In the sense that money may be used
to refer to the coinage of a government the Liberty Dollar never has claimed
to be, does not claim to be, is not, and does not purport to be, money.



The phrase legal tender ismore specifically defined and does not meaningfully
vary from the authoritative BLACK´S LAW DICTIONARY definition, "The money (bills
and coins) approved in a country for the payment of debts, the purchase of
goods, and other exchanges of value." In other words, legal tender is what
a government authoritatively designates as the medium which a creditor must
accept from a debtor if it is offered. The Liberty Dollar never has claimed
to be, does not claim to be, is not, and does not purport to be, legal tender.
The Liberty Dollar repeatedly has emphasized that it is not legal tender.
Legal tender and barter are mutually exclusive. The Liberty Dollar is
a numismatic piece or medallion which may be used voluntarily as barter.



The noun coin invariably is defined as "a round piece of metal issued by governmental
authority as money" or an equivalent phrase. The Liberty Dollar never has
claimed to be, does not claim to be, is not, and does not purport to be, a
coin.

Any claim of the forgoing would be contrary to the purpose and function of
the Liberty Dollar, which, in addition to its being a numismatic item, is a
means of voluntary barter.



The Liberty Dollar would be glad to refer any inquiries to counsel in Washington,
D.C.

AlterEgo
Patriot
Posts: 7

Post#3 » Wed Oct 18, 2006 3:03 pm

Sooner or later this will come to court, because they are legal.

Here is some information from the UCC which governs all contracts.

The definition of money from Blacks dictionary: "In usual and ordinary acceptation, it means coins and paper currency used as circulating medium of exchange and does not embrace notes, bonds, evidences of debt or other personal or real estate.

So our Federal Reserve Notes (FRTs) are not money, they are merely evidences of debt.

With that definition I began reading the UCC. For those who do not know the UCC governs all contracts in the United States. Article 3 specifically deals with negotiable instruments, i.e. money. I am reading about "Notes" as they relate to Federal Reserve Notes. The UCC is stating "notes" are money. How can that be when Blacks has a different def. How does the UCC define money.

Goto Article 1, basic definitions page 35.

"Money" means a medium of exchange currently authorized or adopted by a domesic or foreign government. The term includes a monetary unit of account established by an intergovernmental organization or by agreement between two or more countries.

Then there is an official comments section. Page 39, The test of money is that of sanction of government, whether by authorization before issue or adoption afterward, which recognizes the circulating medium as a part of the official currency of that government. The narrow view that money is limited to legal tender is rejected.


The last part is quite interesting. As long as all parties agree that the medium of exchange is valid, then the sale is legal, whether you use Liberty dollars, Ithaca hours, other alternative currencies, twinkies, marbles, cigarettes. . .etc.

If Liberty dollars are a crime, then everything else is as well, and the UCC is invalid. The only way these are illegal would be to say they are "legal tender" or "coins" as these terms relate specifically to gov't "money." As long as these terms are not used when presenting the Liberty Dollars there is no violation of the law.

This is the gov't cracking down on a legit enterprise because of all the alternative currencies out there this has the best option of competing with FRTs.

It will be interesting to watch what happens.

AE

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