Feds arrest Liberty Dollar founder and three associates
Submitted by cpowell on Fri, 2009-06-05 11:49. Section: Daily Dispatches7:45a ET Friday, June 5, 2009
Dear Friend of GATA and Gold:
Liberty Dollar founder Bernard von NotHaus reports today that he and three associates in the Liberty Dollar operation were arrested by federal agents this week as the U.S. government began to prosecute them criminally for issuing the gold and silver Liberty Dollar currency. Fortunately the arrests were civilized and now the issue may be determined in court with some degree of due process of law and some chance of restoration of limited government. You can find von NotHaus' account of the arrests at the Liberty Dollar Internet site here:
Acting U.S. Attorney Edward R. Ryan of the Western District of North Carolina said, “When groups seek to undermine the U.S. currency system, the government is compelled to act. These coins are not government-produced coinage, yet purchasers were led to believe by those who made and sold them that they should be spent like U.S. Federal Reserve Notes. Such claims are in violation of federal law.”
RispondiElimina"U.S. Federal Reserve Notes" ? What a moron! He don't even understand the difference between "United States notes" and "Federal Reserve notes"
"U.S. Federal Reserve notes" don't exist as a legal denomination.
“People understand that there is only one legal currency in the United States. When groups try to replace the U.S. dollar with coins and bills that don’t hold the same value, it affects the economy. Consumers were using their hard-earned money to buy goods and services, then getting fake change in return,” said Owen Harris, the Special Agent in Charge of the Charlotte Division of the FBI.
RispondiElimina"...there is only one legal currency in the United States", really? Which one? Sight deposits? Coins? Gold coins? Silver coins? Federal reserve notes? United States Notes?