FBI Raids Ron Paul Liberty Dollar in Evansville, Indiana

[ConfidentialStatus]

Run time: 03:20 https://www.youtube.com/watch?v=4_sSipUrBG0   Posted on YouTube: November 16, 2007 By YouTube Member: Views on YouTube: 0   Posted on DU: November 16, 2007 By DU Member: ConfidentialStatus Views on DU: 1734

 
I wonder if Ron Paul gave permission to have his face on the silver coin? Does anyone have knowledge about this?

[reprehensor]

1. Here's the Liberty Dollar website

http://www.libertydollar.org/ld/legal/raid.htm

FBI RAIDS LIBERTY DOLLAR

[CGowen]

13. gold, silver, platinum and 2 tons of Ron Paul Dollars.... not bad

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.

http://gata.org/node/5738

[ConfidentialStatus]

17. I hope it goes to paying off

the national debt.:patriot:

[DuSTeR]

2. Sounds pretty lolable.

Next they will crack down on pawn shops that buy gold?

[depakid]

3. What'll you bet there's fraud going on?

My bet is that in fact these monies aren't backed up 1:1 with precious metals. If everyone holding them tried to redeem them all at once, some of them would be out of luck.

[ConfidentialStatus]

4. Interesting point

I was reading some of the comments on the youtube video. It looks as though some people are very upset because they have orders pending. They won't be receiving the Ron Paul coins and they also lost the FRN's. Ouch! They think the feds are the crooks.

[liberation]

5. I know enough German to figure out that buying anything from a guy named Bernard von NotHaus...

... may not be a good idea. Esp, a guy who describes his job title to be "monetary architect." WTF is that?

Their argument is as follows: Back in when the gold standard was relieved in lieu of a pure fiat money, the price of gas, milk, et al was very low. Ergo if you want to get back the purchasing power of those days of yore, we must go back to the gold standard. It is a logical fallacy, because we can use a similar MO: back in the day when bell bottoms, gaudy shirts, and platforms were all the rage... gas, food, etc. was very cheap. Ergo we must return back to the glory days of disco and bad interior decoration choices in order to get back the value of our dollar. Both arguments make as much sense.

The problem is that gold-backed dollars are not inflation proof, if not the crash of 1929 or the 3-digit daily inflation rate of the heyday of the Weimar republic would have never happened.

The main problem is not the currency in a monetary system, but credit. As long as banks can create money out of thin air based on a fraction of their reserves, which is what credit is, there will be inflation. As more money is created that is backed by nothing. Gold standards don't protect you from that practice, which has been common place since the banking system came to be in the XVI century.


I always get a kick out of these batshit crazy libertarian "economist." It is akin to having someone college dropout with just 1 intro class to physiology, trying to give an educated critique of the latest brain surgery techniques for vascular repair.

Also these free market idiots are very careful to not address another nasty issue: if salaries had kept up with inflation, there would be no issue, as the purchasing power would have remained un affected. Instead the propose the canard of gold standards, as a solution to a cluster f*ck that their libertarian ideals are fairly guilty of having helped create. It is about time, we ask these assholes to just shut the f*ck up already.

They wanted free market, and this is where it leads: High profits and cheap labor. Now, they are finding out that cheap labor can't afford those products providing the high profits, thus the whole thing is not sustainable. And you see them coming unhinged off the woodwork, now that reality is coming home to roost... Welcome to the world you helped create idiots! The mythical invisible hand turned out to be a fairly big invisible middle finger.

[951-Riverside]

7. This is 2007 not 1940.

You have no logical reason to fear someone with a German name but this is supposed to be a free country so you are free not to do business with him just like he should be free to sell his "money".

[Diclotican]

10. 951-Riverside

951-Riverside

We may not have to fear someone with a german name anymore.. But I fear a name in the engelish name, and the first word is B...

Diclotican

Sorry my bad engelish, not my native language

[trogdor]

14. It spends (theoretically) like money. Therefore it is money.

The Constitution gives the federal government the sole right to print currency, and to regulate the value thereof. So the Liberty Dollar is in a grey area. During the Gold Rush, for example, assayers had private mints all over California to convert gold nuggets into something resembling a standard-sized coin. Since the San Francisco Mint couldn't handle the load by itself, the government sort of let it slide as long as the gold content was correct.


My guess is, you're technically right about the bullion coins, but the Liberty Dollar people are dead wrong about the paper "currency." Real silver certificates (traded at commodities exchanges) are regulated by the Securities and Exchange Commission (SEC). Liberty "bills" are probably not. Therein lies the difference.

[wildbilln864]

19. Exactly right!

"The Constitution gives the federal government the sole right to print currency, and to regulate the value thereof. So the Liberty Dollar is in a grey area. "
Yet the Federal Reserve prints the money and they are not even federal, let alone a part of congress.
Why isn't this also a gray area? Illegal? Unconstitutional!

[ConfidentialStatus]

21. Excellent Point Wildbilln.

If the Federal Reserve is not a Government Agency in America... would they be classified as a foreign corporation?

[Plucketeer]

9. Von Nothaus

or Von Knothead??? I don't care WHAT the rationale behind it, when you try to circumvent your country's monetary system, you're braking the law. Period.

Any dufus that lost money in this scheme has gotten just what he deserves. :cry:

[jph wacheski]

11. The money system IS broken! private debt for public works is insane!

"to circumvent your country's monetary system, you're braking the law. Period."

The 'monetary system' is a scam! If you or I could lend out money we didn't actually have, and AT INTEREST! We would be rich right? Well that is exactly what banks do each and every day,. fractional reserve lending. SEE: "money as debt" on you tube or where ever.

The 'national debt' is a systematic raping of the whole population,. and their children, and on and on, as long as people are willing to go along with the lie. the system is designed to take money from the majority of people, and give it to the rich., hence the concentrations of wealth. The 'national debt' is the tool they use to keep our taxes for the so called interest,. while the principle rises. Why would we borrow from private loan sharks when the gov. could create its own cash? it is a scam! and a lie.

when laws are not just it IS time to brake them, or change them. Why do private banks get to earn interest on the creation of money? It is a scam from the get go,. do some research on Monetary Reform,. many other sane and just systems are possible. We only need to kill the system that is maintained by the evil-pirate-banker-leaches that are destroying life on this planet!

[wildbilln864]

18. welcome to DU!

I agree! :hi:

[951-Riverside]

6. Let the man make his own money

These government thugs fear change so they are doing everything to quickly suppress any movement that remotely endangers their regime.

[Pab Sungenis]

8. The Liberty Dollar, and its ilk, were based on gambles....

...gambles their creators lost.

I remember one of these "Liberty Dollar" programs allowed you to buy silver-backed "dollars" at a rate of $10.00 for each ounce of silver. They, allegdly, then took that money and bought an ounce of silver to back your $10.00 bill. From the lunatarian's website:

The Liberty Dollar is a warehouse receipt for a specific weight of pure .9999 fine gold or .999 fine silver that is stored in a warehouse in accordance with the Uniform Commercial Code (UCC).

The problem is that all those Liberty Dollars screwed them over when Silver climbed above $10.00 an ounce. Now, if you had bought one of these play bills and tried to cash it in, they'd have to spend $15.00 to give you your silver. That's why they've suddenly revalued the "Liberty Dollar" at $20.00 per ounce of silver.

THAT'S INFLATION RIGHT THERE!

[pretzel4gore]

12. the fascists are pissing off the rightwingnuts

i notice that glen beck, mouth of the ass peddler press, has been saying Ron Paul is a terrorist, who's appealing to the disenfranchissed, mostly the rightwingers, but glen beck, and oreilly, and limbah humbug, and woof blitzer, and brite hum (and all the rest of the foxnews tapeworms) etc need some of that lock'n'load approach the wingnuts so gallant at (usually spitting in Jane Fonda's face, or threatening Mike Moore, or terrorising Barb Streisland etc :( ) ...just watch, one of the media ass peddlers is gonna get it (rightwinger extremer's are good for something, surely)
btw the 'Deception Dollars' which feature 'His Flatulence' ie the Furor, on its frontpiece, also look quite real at first glance, yet mr pig hasn't jackboot-snapkicked its makers! is the rightwing considered more a danger?

[ConfidentialStatus]

15. A member of the House of Representives

a terrorist? The one guy on the Republican side who wants to bring the troops back... Who voted NO on the Real ID Act... who voted NO on the Patriot Act. Who can fall for that horsecrap?

Will the Feds go after this list? (below)

http://www.communitycurrency.org/conception.html

The above link has a well known face that even some DUer's have exreme dislike.


This company has been in business over 10 years that promotes the Ron Paul medallion. Is someone sending a message to Ron Paul? Here's a list of barter dollars.

* Amesbury Hours Amesbury, Massachusetts
* Anacostia Hours <1> Mount Rainier, Maryland
* Area Bucks Palo Alto, California
* Atlanta Hours Atlanta, Georgia
* Bainbridge Island Bucks Bainbridge Island, Washington
* Baltimore Hours <2> Baltimore, Maryland
* Barter Bucks Indianapolis, Indiana
* Bay Area Bucks <3> Traverse City, Michigan
* Berea Bucks Berea, Kentucky
* Berkeley Barter Network Berkeley, California
* Berkeley Bread Berkeley, California
* BerkShares, Southern Berkshires, Massachusetts
* BloomingHours <4> Bloomington, Indiana
* Blue Money Brattleboro, Vermont
* BNI <5> Delaware, Pennsylvania, Maryland, New Jersey
* Boise Hours Boise, Idaho
* Brattleboro Hours Chesterfield, New Hampshire
* Brookings Bucks Brookings, South Dakota
* Brooklyn Greenbacks Brooklyn, New York
* Buffalo Hours Buffalo, New York
* Buffalo Mountain Hours Hardwick, Vermont
* Bull City Bucks Durham, North Carolina
* Burlington Bread <6> Burlington, Vermont
* Butte Bucks Crested Butte, Colorado
* Cape Anne Dollars Gloucester, Massachusetts
* Capitol Area Self-Sustaining Hours Albany, New York
* Carbondale Spuds Carbondale, Colorado
* Chenango Hours New Berlin, New York
* Columbia County Hours Philmont, New York
* Columbia Hours Columbia, Missouri
* Community Cash Durango, Colorado
* Cuyahoga Hours Cleveland, Ohio
* Dillo Hours Austin, Texas
* Disney Dollar Disneyland and Disneyworld
* Flagstaff Neighborly Notes <7> Flagstaff, Arizona
* Floyd Hours Floyd, Virginia
* Fourth Corner Exchange <8> Pacific Northwest
* Great Lakes Hours Detroit, Michigan
* Green Mountain Hours <9> Montpelier, Vermont
* Greyhound Bucks Taft, Texas
* Hero dollar Minneapolis, Minnesota
* High Desert Dollars Prescott, Arizona
* Hobo Dough South Dakota State University, Brookings, South Dakota
* Hollandollars Holland, Michigan
* Houston Hours Houston, Texas
* Humboldt Hours Eureka, California
* Humboldt exchange community currency Arcata, California
* Ithaca Hours Ithaca, New York
* Kansas City Barter Bucks Kansas City, Missouri
* Kauai Barter and Trade Network <10> Kilauea, Hawaii
* Kettle River Hours Kettle Falls, Washington
* Kitsap Hours Bremerton, Washington
* Lehigh Valley Barter Hours Bethlehem, Pennsylvania
* Liberty Dollars <11> Evansville, IN
* Lopez Island Hours Lopez Island, Washington
* Madison Hours <12> Madison, Wisconsin
* Mendocino SEED Fort Bragg, California
* Middletown Cash Middletown, CT, Wesleyan University
* Milwaukee Hours Milwaukee, Wisconsin
* Missoula Hours Missoula, Montana
* Mo' Money <13> New Orleans, Louisiana
* Mountain Money <14> Mars Hill, North Carolina
* NOCO Hours <15>Fort Collins, Greeley, and Loveland, Colorado
* North Fork Helping Hands Paonia, Colorado
* PDXhours Portland, Oregon
* P.E.N. Neighborhood Exchange Takoma Park, Maryland
* Plenty <16> Carrboro, North Carolina
* Portage Hours Kent, Ohio
* REAL Dollars <17> Lawrence, Kansas
* RiverHOURS <18>Columbia River Gorge, USA
* San Luis Obispo Hours San Luis Obispo, California
* Sand Dollars Bolinas, California
* Santa Barbara Hours Santa Barbara, California
* Santa Fe Hours Santa Fe, New Mexico
* Santa Monica Hours Santa Monica, California
* Sequoia Hours Garberville, California
* Simply Hours Columbus, Ohio
* Skagit Dollars Mount Vernon, Washington
* Sonoma County Community Cash Santa Rosa, California
* Stoneridge Hours Kerhonkson, New York
* Summit Hours Akron, Ohio
* Thread City Bread Willimantic, Connecticut
* Time Bucks <19> Seattle, Washington
* Tulsa Hours Tulsa, Oklahoma
* Ukiah Hours <20> Ukiah, California
* Valley Dollars Greenfield, Massachusetts
* Waldo Hours Unity, Maine
* Wash Bucks Sioux City, Iowa
* Wooster Hours Apple Creek, Ohio

[pretzel4gore]

16. glen beck's a goof....

mind you, we 'liberals' have been pointing out for years what the ass peddlar media such as beck, were doing to effective politics in the democratic world- screwing it up on purpose, so things like 911 can happen ....thanks for this info; peace mom Cindy Sheehan looks good on the 'Conception' dollar btw (why anyone have extreme dislike for Cindy, i dunno, but it probably paranoia, well funded with out tax dollars)

[lovuian]

20. I think they are bringing up a valid point

Congress and Federal Reserve added this debt and has devalued the dollar

Americans didn't do it so why should we pay for their corruption???

[rAVES]

22. Ron Paul owns a unofficial Mint?