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Submitted by Passmore on Tue, 06/24/2008 - 1:02am.
Gold is history’s oldest and most stable currency. Central bankers and politicians don’t want a gold-backed currency system, because it denies them the power to create money out of thin air. Governments by their very nature want to expand, whether to finance military intervention abroad or a welfare state at home. This expansion costs money, and the big-government politicians don’t want spending limited to the amounts they can tax or borrow. This is precisely why central banks now produce all of the world’s major currencies. - Ron Paul in 2002
America once enjoyed a stable dollar backed by gold deposits, a "gold standard" system. This system gradually was undermined throughout the last century, until President Nixon finally severed the last tenuous links between the dollar and gold in 1971. Since 1971, the Fed has employed a pure fiat money system, meaning government can create money whenever it decrees simply by printing more dollars. The "value" of each newly minted dollar is determined by the faith of the public, the total amount of dollars in circulation (the money supply), and the financial markets. In other words, fiat dollars have no intrinsic value.
It would be in the best interest of those who wish a stable currency to be against the thought of Liberty Dollars, or any alternative currency. Is there any real difference between this and counterfiting? Isn't bartering a method of determining value? A sort of alternative currency that is legal?
where one could own a safe product like gold in any form. If the government can confiscate gold, is there any property right left? Is your home or car safe? Please take the time to read the constitution. I think you will be surprised to find how limited the powers of the federal government are supposed to be.
Submitted by Grandjester on Tue, 06/24/2008 - 6:42am.
You would know that ONLY the Congress has the power to "coin money", so it is UNconstitutional (for the supposedly pro-constitution Paultards) to do so. Even those 9/11 "commemorative" coins have gotten into trouble with the feds.
Submitted by marshmellow on Wed, 06/25/2008 - 5:30pm.
The Liberty Dollar is not US Government nor the Federal Reserve Bank Money in any way and is not "legal tender" or a "coin". Both terms legally mean "government made or authorized" money.
The Liberty Dollar is a private currency embodied in minted metal pieces (referred to as rounds) and gold and silver certificates (ALD).
The U.S. Mint also points out that "the term "coin" is commonly understood to refer to a government-issued coin, meant to be money or legal tender. Coins are thus distinct from "medals" or "medallions," pieces of metal with markings that are not legal tender."
Accordingly, coin-like products from other sources should be referred to, not as coins, but as "medals" or "medallions."
This private currency, metal or paper, is completely legal. Paper currency: http://www.ithacahours.org/
In fact, credit cards are considered private currency.
Submitted by Idastump on Tue, 06/24/2008 - 9:21am.
This is not real money and this guy is a freakin' scam artist!
Once again, Idaho will portrayed as a bunch of nut cases, weirdos and illiterate fools that think they can pay bills with money made by some whack job.
It may be real gold and silver, but it is not real money. Even a child could tell you that.
Submitted by Strategery on Tue, 06/24/2008 - 9:34am.
gold and silver were worth something, and have been used as money for millennia. A dollar is a piece of paper backed by nothing. The federal reserve bank is a scam. They create money with computer entries, no different than a counterfeiter printing bills. Then, the federal reserve bank lends you (or the government) this counterfeited money and charge interest on it!
Four years ago I received an interesting 1/2 ounce pure silver coin i knew was not legal tender. ( i took it at face value of $5.00). It was a liberty dollar. Being a coin and token collector, i put it away as a novelty item. Today that $5.00 liberty coin is worth $8.00 (silver being over $16.00 an ounce). While that same $5.00 federal reserve note purchases less than it did 4 years ago, that $5.00 liberty dollar (being 1/2 ounce pure silver) buys as much...or more than it did 4 years ago. Where do you want to invest your retirement money? So the answer to the above question is obvious! If you need it spelled out for you....NEVER!
$$$$$$$$$$$$$$$$
The monopoly of the central bank (it's neither federal nor reserve) has to end.
It's owned by banks who are owned by the wealthy elite.
Nevada a few years ago came close to declaring Nevada minted silver coins legal tender for all debts public and private.
When one State does this, it's all over for our central bank.
The money creation function has been transferred to private banks.
The federal government is in bad financial shape because the profit from money creation has been removed from it.
More later.
Gold is golden
Gold is history’s oldest and most stable currency. Central bankers and politicians don’t want a gold-backed currency system, because it denies them the power to create money out of thin air. Governments by their very nature want to expand, whether to finance military intervention abroad or a welfare state at home. This expansion costs money, and the big-government politicians don’t want spending limited to the amounts they can tax or borrow. This is precisely why central banks now produce all of the world’s major currencies. - Ron Paul in 2002
America once enjoyed a stable dollar backed by gold deposits, a "gold standard" system. This system gradually was undermined throughout the last century, until President Nixon finally severed the last tenuous links between the dollar and gold in 1971. Since 1971, the Fed has employed a pure fiat money system, meaning government can create money whenever it decrees simply by printing more dollars. The "value" of each newly minted dollar is determined by the faith of the public, the total amount of dollars in circulation (the money supply), and the financial markets. In other words, fiat dollars have no intrinsic value.
Interesting
It would be in the best interest of those who wish a stable currency to be against the thought of Liberty Dollars, or any alternative currency. Is there any real difference between this and counterfiting? Isn't bartering a method of determining value? A sort of alternative currency that is legal?
It used to be a free country...
where one could own a safe product like gold in any form. If the government can confiscate gold, is there any property right left? Is your home or car safe? Please take the time to read the constitution. I think you will be surprised to find how limited the powers of the federal government are supposed to be.
If you had actually READ the Constitution
You would know that ONLY the Congress has the power to "coin money", so it is UNconstitutional (for the supposedly pro-constitution Paultards) to do so. Even those 9/11 "commemorative" coins have gotten into trouble with the feds.
http://www.constitution.org/constit_.htm
Grandjester
He is not being charged with counterfeiting- He is being charged with money laundering, wire fraud, and mail fraud charges.
This whole this is a great big scam- sadly the Ron Paul supporters don't get it.
The question is- how much involvement does Ron Paul have?
If you understood the "Federal" "Reserve" system...
you would realize that it is a PRIVATE bank that prints money, without reserves to back it up. How is that any different than the liberty dollars?
GO RON PAUL
Private Currency is Allowed
The Liberty Dollar is not US Government nor the Federal Reserve Bank Money in any way and is not "legal tender" or a "coin". Both terms legally mean "government made or authorized" money.
The Liberty Dollar is a private currency embodied in minted metal pieces (referred to as rounds) and gold and silver certificates (ALD).
The U.S. Mint also points out that "the term "coin" is commonly understood to refer to a government-issued coin, meant to be money or legal tender. Coins are thus distinct from "medals" or "medallions," pieces of metal with markings that are not legal tender."
Accordingly, coin-like products from other sources should be referred to, not as coins, but as "medals" or "medallions."
This private currency, metal or paper, is completely legal. Paper currency: http://www.ithacahours.org/
In fact, credit cards are considered private currency.
-- (sig)
Eric Blair
Read about Harvey Mars
Fer Cryin' Out Loud
This is not real money and this guy is a freakin' scam artist!
Once again, Idaho will portrayed as a bunch of nut cases, weirdos and illiterate fools that think they can pay bills with money made by some whack job.
It may be real gold and silver, but it is not real money. Even a child could tell you that.
last time I checked...
gold and silver were worth something, and have been used as money for millennia. A dollar is a piece of paper backed by nothing. The federal reserve bank is a scam. They create money with computer entries, no different than a counterfeiter printing bills. Then, the federal reserve bank lends you (or the government) this counterfeited money and charge interest on it!
hahahahahahahahahahahahahahah
hahahahahahahahahahahahahahahaha
You forgot
hohohohohohohohoh, hee hee heee heee ho hee, gufaw, sputter, knee slap, and belly laugh!
intelligent
Do you have any evidence to back up your compelling, 2 letter, repetitive argument?
When is a $5.00 federal reserve note worth more than 5 dollars?
Four years ago I received an interesting 1/2 ounce pure silver coin i knew was not legal tender. ( i took it at face value of $5.00). It was a liberty dollar. Being a coin and token collector, i put it away as a novelty item. Today that $5.00 liberty coin is worth $8.00 (silver being over $16.00 an ounce). While that same $5.00 federal reserve note purchases less than it did 4 years ago, that $5.00 liberty dollar (being 1/2 ounce pure silver) buys as much...or more than it did 4 years ago. Where do you want to invest your retirement money? So the answer to the above question is obvious! If you need it spelled out for you....NEVER!