Friday, November 16, 2007

Federal Agents Raid Private Coin Maker

Couple of different stories talking about the "Liberty Dollar" and yesterday's raid on their mint:

Washington Post- "Liberty Dollars" Can Buy Users a Prison Term

WorldnetDaily- Feds raid Liberty Dollar offices

New York Sun - US Raids Issuer of Ron Paul Coins

Is there a crime that is being committed? If there is, what would it be? If you go to you will find on the front page this quote:

"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."
Andrew Williams, a spokesman for the Federal Reserve in Washington, D.C.

With the value of the dollar in freefall, people are going to be looking for ways to preserve their wealth. One way to do that is by conducting transactions in alternative currencies. Supermodels are doing it now.

Here's a question: Who gets hurt the most when alternative currencies are not made available? Hint: It's not the young, rich, and good looking people like me. If you are a member of the poor or the middle class, or are elderly or on a fixed income, and that income comes to you in dollars. You should be very worried.

BONUS: I've been meaning to post this link for a while. It's a story that has Ron Paul, the IRS getting beat (at least not winning) in the courts, fiat money, and gold.

Sphere: Related Content
Digg this

No comments: