Thursday, March 31, 2011

Silver Liberty Dollar = Terrorism?!

The creator of the Liberty Dollar and NORFED (National Organization to Repeal the Federal Reserve Act), Bernard Von Nothaus, was recently convicted of counterfeiting and faces thousands of dollars in fines, $7 million dollars of copper, silver, and gold bullion confiscation, and 15 years in prison! The silver & gold Liberty Dollars along with precious metal certificates were conceived by Von Nothaus as an alternative currency backed by PM's and competing with the US fiat money. Von Nothaus had hoped to play a part in restoring the US to a sound monetary precious metal standard. Unfortunately, the Federal government with its printing presses busily flooding the country with trillions of dollars of green funny money, felt threatened by the tiny organization and its gold and silver medallions.

The Fed's case rested on the similarity of the Liberty rounds to US coins, with obverse figures "emblematic of Liberty" and a "Trust in God" inscription instead of "In God We Trust". Reverses of the Liberty Dollars featured recommended dollar values as well. Differences like a website address on the reverse of the Liberty Dollars obviously weren't sufficient to avoid his prosecution, or is the proper term "persecution"?

After the verdict the Federal prosecutor, Anne Tompkins, said, "Attempts to undermine the legitimate currency of this country are simply a unique form of domestic terrorism. While these forms of anti-government activities do not involve violence, they are every bit as insidious and represent a clear and present danger to the economic stability of this country. We are determined to meet these threats through infiltration, disruption, and dismantling of organizations which seek to challenge the legitimacy of our democratic form of government."

It is sheer nonsense and unabashed hyperbole that Von NotHaus engaged in behavior that is a “clear and present danger to the economic stability of this country.” But that’s a pretty good description of Ben Bernanke, chairman of the Federal Reserve and his actions to date.

Rick

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