Thursday, November 15, 2007

Fed's Confiscate Private Bullion in Indiana.

Liberty Dollar Company Announcement
Thursday, November 15, 2007

Dear Liberty Dollar Supporters:

I sincerely regret to inform you that about 8 this morning a dozen FBI and Secret Service agents raided the Liberty Dollar office in Evansville, Indiana.

For approximately six hours they took all the gold, all the silver, all the platinum, and almost two tons of Ron Paul Dollars that were just delivered last Friday. They also took all the files and 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 U.S. Constitution.

We should not 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 minting the gold and silver Libertys have been taken.

All this has happened even though Edmond C. Moy, the director of the U.S. Mint, acknowledged in a letter to a U.S. senator that the paper certificates did not violate Section 486 and were not illegal.

But the FBI and Secret Service 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 saying 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 possesses or uses the Liberty Dollar is aware of the situation.

Please go here to sign up for the class action lawsuit and get your property back:

http://www.libertydollar.org/classaction/index.php

Thanks again for your support at this darkest time as the damn government and its dollar sinks to a new low.

Bernard von NotHaus, Monetary Architect
Liberty Dollar
Evansville, Indiana



For Some time now I have adopted the position that CT should issue its own currency as a safety net against the dollar. This video below is yet one more example on how well it would work. This again has also been legally done in New Hampshire, but not insofar as actually being backed by something other than an "Empty Promise" from our Federal Government who insists on oppressing the value of our money through inflation.

This video explains what Liberty Dollar stood for.

1 comment:

Rocco J. Frank Jr. said...

Follow Up:

The U.S. government recently stole the assets of NORFED the company behind the Liberty Dollar in an obvious effort to destroy a successful competitor to the Federal Reserve’s worthless debt notes. For those unfamiliar with the Liberty Dollar, it is a private monetary system created by monetary architect Bernard von NotHaus which is fully backed by silver coins. NORFED recently filed a lawsuit against the U.S. Mint after the U.S. Mint made the ridiculous assertion that it was illegal to use the Liberty Dollar. According to the U.S. District’s seizure warrant which was recently posted on the Liberty Dollar web site, the U.S. government seized these assets under the guise of money laundering, mail fraud and wire fraud. Under this premise, each bank that is part of the Federal Reserve should also be raided and their assets seized since the paper receipts they issue is backed by nothing and is an obvious fraud. Either way, this move by the U.S. government is absolute proof that the Federal Reserve Notes issued by the money trust at the Federal Reserve cannot compete against a superior product like the Liberty Dollar. Below is part of a statement issued by Bernard von NotHaus describing what happened. The full statement can be read here.

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.

There is no question that this is an act of terrorism by the U.S. government directed at NORFED and their customers. It is not only obvious retaliation for the lawsuit NORFED filed against them as a result of their own slanderous allegations but it is designed to destroy a successful competing monetary system to the Federal Reserve’s worthless currency. Stealing these assets will essentially put NORFED and its honest monetary system out of business because the government has stolen the precious metals that backed the paper receipts. In addition, it is greatly upsetting to learn that the Feds also stole the tons of Ron Paul Liberty Dollar coins that would have been a tremendous marketing tool for Ron Paul’s presidential campaign.

NORFED originally sued the U.S. Mint because they said it was illegal and unconstitutional to use the Liberty Dollar. This is obviously a ridiculous and absurd assertion from the U.S. Mint because individuals barter items all the time and if somebody wants to trade a Liberty Dollar for another item that is their business to do so. The U.S. Mint does not have the authority to declare what someone can and cannot trade with another individual. Even if they could, it is an impossibility to enforce such a stupid law. There is nothing unconstitutional about the Liberty Dollar and in fact there are many more questions regarding the constitutionality of Federal Reserve Notes since the Constitution says that the states shall not issue anything but gold or silver as legal tender. Federal Reserve Notes even though they are legal tender are not backed by gold or silver as the Constitution demands.

By doing this, the U.S. government has not only stolen from NORFED but anyone who owns or wishes to use the Liberty Dollar for the purposes of bartering. It is laughable that the U.S. government would raid NORFED for issuing paper receipts 100% backed by silver coins but not raid Federal Reserve banks who issue paper receipts 100% backed by nothing. Had the U.S. government raided all the Federal Reserve banks at the same time they raided NORFED, at least their argument would be consistent.

Bernard von Nothaus believes he will likely be arrested under the charges listed in the seizure warrant. NORFED has never claimed that their coins are legal tender, which makes the charges baseless. This is an outrage and more proof that the U.S. government is no longer run by the people as it continually behaves in a lawless criminal fashion.

On a couple of side notes, the Liberty Dollar coins with Ron Paul’s likeness on it are now trading for premiums on auction based web sites like eBay as a result of what has happened. Additionally, a class action lawsuit against the government is already in the works to fight this obvious criminal act. People can sign up to participate in the lawsuit via this form.

What makes this whole situation so ridiculous is that this action by the U.S. government is essentially telling the American people that they are only allowed to trade Federal Reserve Notes for goods and services. Considering that there is a distinct possibility that the value of Federal Reserve Notes could go to zero, this move also shows that they are scared of people converting their debt notes into an alternative monetary unit backed by tangible assets. Clearly, the Federal Reserve could not compete with the Liberty Dollar so instead of attempting to create a superior product, the U.S. government put the competition out of business using criminal tactics. The actions by the U.S. government is an outrage and clear proof that this country does not operate in a free market economy.