Burn Your Liberty Dollars (freedom lovers only itt)

HILARIOUS
Fake Ron Paul coins seized - Ron Paul - MSNBC.com

Quote:

EVANSVILLE, Ind. - Federal agents raided the headquarters of a group that produces illegal currency and puts it in circulation, seizing gold, silver and two tons of copper coins featuring Republican presidential candidate Ron Paul.

Agents also took records, computers and froze the bank accounts at the "Liberty Dollar" headquarters during the Thursday raid, Bernard von NotHaus, founder of the National Organization for the Repeal of the Federal Reserve Act & Internal Revenue Code, said in a posting on the group's Web site.

The organization, which is critical of the Federal Reserve, has repeatedly clashed with the federal government, which contends that the gold, silver and copper coins it produces are illegal. NORFED claims its Liberty Dollars are inflation free and can restore stability to financial markets by allowing commerce based on a currency that does not fluctuate in value like the U.S. dollar.

"They're running scared right now and they had to do something," von NotHaus told The Associated Press Friday. "I'm volunteering to meet the agents and get arrested so we can thrash this out in court."

Wendy Osborne, a spokeswoman for the FBI's Indianapolis office, declined to comment and referred all questions to the U.S. attorney's office for the Western District of North Carolina. Suellen Pierce, a spokeswoman for that office, also declined to comment.

The raid comes eight months after von NotHaus filed a lawsuit in federal court in Evansville seeking a permanent injunction to stop the federal government from labeling the Liberty Dollar an illegal currency.

The U.S. Mint issued a warning this year that the Liberty Dollar violated the Constitution and warned consumers against using them unsuspectingly.

Paul's campaign said it had not authorized production of the Ron Paul dollars.

"We were aware they existed, but we didn't have any affiliation with them," said Jesse Benton, a spokesman for Ron Paul's campaign. "He didn't ask our permission to make them."

YouTube Video

It isn't illegal to issue alternative currency. You can, for instance, trade your dollars for e-gold which allows you to trade gold over the internet. The thing about it is that von Nothaus(lol) claimed that his Liberty Dollars are actual legal tender, which is illegal because the minting of coins is a right reserved for the Federal government.

It doesn't work as a real commodity exchange, either. Gold right now is 785 USD, but they markup the coins so that they're 1000 per ounce. People are buying commemorative coins thinking that they work like real money.

Spoiler:

lol

Jam it back in, in the dark.

Ron Paul really is the Internet given flesh and allowed to walk the earth.

Also gold is really shitty as a doomsday hard currency. You'll want to stock up on canned goods, can openers and ammunition. Oh and seeds, in case the soil will ever grow anything again.

There's nowhere I can't reach.

My future is safe with my bomb shelter and MREs.

P.S.
Please don't tell anybody I have a bomb shelter and food.

edit: Check out the prices on ebay for Silver $20 Ron Paul Liberty Dollars.
FIGHT THE POWER

This thing is sticky, and I don't like it. I don't appreciate it.

My biggest fear is that the government will follow this up and seize precious metals like gold and silver again someday.

It's a really long swim to Switzerland.....

I am a dolphin, do you want me on your body?

I like the Trust In God around the border.

I was speaking idiomatically.

Trust in Gold, hurrrr

What kind of toxic man-thing is happening now?

Originally Posted by a lurker

Ron Paul really is the Internet given flesh and allowed to walk the earth.

Also gold is really shitty as a doomsday hard currency. You'll want to stock up on canned goods, can openers and ammunition. Oh and seeds, in case the soil will ever grow anything again.

Lol, you know why almost every Chinese person in the world has a gold, platinum or jade necklace? Because it's the ultimate doomsday hard currency. During a war almost everything is worthless. Diamonds, paper currency etc. etc. But gold retains it's value. You might be able to trade that necklace for something like canned food and ammo.

But yeah, i agree canned goods and such would be worth their weight in gold, but too bad it's so heavy and cumbersome to take around with you.

FELIPE NO

That's why you should never go out of the house. That way, you know nobody's gonna nab 'em.

How ya doing, buddy?

Originally Posted by crabman

Lol, you know why almost every Chinese person in the world has a gold, platinum or jade necklace? Because it's the ultimate doomsday hard currency.

Gold will not do me any good during the apocalypse! Or even a flood of non-biblical proportions.

It's just really good at preserving wealth.

Jam it back in, in the dark.

People will never overcome their need of shiny rare metals.

Ohhhh shiny.

Hopefully people will start taking the labels off their cans... those can by shiny too!

There's nowhere I can't reach.

Actually, prior to the discovery of how to effectively purify aluminum with an electric current (and even a bit after since electricity was expensive) aluminum was more expensive than gold and considered merely a scientific curiosity.

This thing is sticky, and I don't like it. I don't appreciate it.

That coin is pretty much the ugliest coin I have ever seen. "Trust in God", please.

What is it about gold that's so special? Why WOULDN'T diamonds be OK in a doomsday setting?

I am a dolphin, do you want me on your body?

Gold has the advantages of being rare and, as an element, it has scientific properties that can be measured, and values can be accurately determined and assigned based on those properties. It's also easily malleable and divisible, which makes it easier to transport (though paper money is even easier).

Diamonds, however, are not so easily divisible, and impurities are harder to work out, since diamonds are crystals, and to divide them, you have to cut them. If you mess up cutting them, you destroy the value, so that's a distinct disadvantage. The quality is also a factor; gem-quality diamonds are far more valuable than industrial-quality diamonds. Since the value can fluctuate from stone to stone, and you need a gemologist to evaluate them, this limits their utility as a standard of trade.

There's also the fact that diamonds are nowhere near as rare as most people think they are, and that the rarity we see is a result of De Beers hoarding as many of them as possible to keep prices from crashing.

How ya doing, buddy?

Originally Posted by Hachifusa

What is it about gold that's so special?

It's an excellent conductor, incredibly malleable, doesn't react with pretty much anything, and has the advantage of being genuinely rare rather than artificially.

EDIT: Well, somehow I missed Styphon's post which said everything I did. Doh.

What kind of toxic man-thing is happening now?

Yeah gold is worthless during the apocalypse. Without goods distribution the only real currency is food and water.

FELIPE NO

Originally Posted by Bradylama

Yeah gold is worthless during the apocalypse. Without goods distribution the only real currency is food and water.

And petrol...



What, you don't want my bikini-clad body?

What about weapons and ammunition?

Jam it back in, in the dark.

Originally Posted by Divest

What about weapons and ammunition?

== more food and water (and petrol)

There's nowhere I can't reach.

So here's something that's been bugging me for a few days now that I completely cannot understand. Only slightly related to this thread.

Why are libertarians, who seem to be interested in privatizing everything, even things like Homeland Security, so opposed to the Federal Reserve? The biggest complaint I hear from them is that it's private and not part of the government. I don't get it.

This thing is sticky, and I don't like it. I don't appreciate it.

Originally Posted by Arainach

Why are libertarians, who seem to be interested in privatizing everything, even things like Homeland Security, so opposed to the Federal Reserve? The biggest complaint I hear from them is that it's private and not part of the government. I don't get it.

Well, not all libertarians are ancaps, and not all gold bugs are libertarians. Basically the usual anti-feddite thinks that the Federal Reserve contradicts the constitution and control over currency should be the responsibility of Congress, which is a bad idea in innumerable ways.

I am a dolphin, do you want me on your body?

Because libertarians - generally speaking - are for small government with limited, expressly defined powers - and therefore, (most) are whole-heartedly against certain privatization if its properly a government action, such as private military corporations.

The reason most libertarians I speak to are against the Fed is because it's regulation of the market, not because it's private. No matter if privately or publicly owned, the Fed is interfering with a free market and therefore "illegal". (When they say this, I suppose they mean that it should be illegal, as it is clearly not illegal in America).

Most amazing jew boots

Originally Posted by Bradylama

Well, not all libertarians are ancaps, and not all gold bugs are libertarians. Basically the usual anti-feddite thinks that the Federal Reserve contradicts the constitution and control over currency should be the responsibility of Congress, which is a bad idea in innumerable ways.

Fair enough. In general, the few encounters I've had with the groups have mostly overlapped, so I was under the assumption it was a common belief.

That and the pile of Anti-fed articles that somehow seem to get continuously voted up at Digg and Reddit. Either way, that makes more sense.

What kind of toxic man-thing is happening now?

Quote:

That and the pile of Anti-fed articles that somehow seem to get continuously voted up at Digg and Reddit.

You can bet your bottom dollar that those people are probably the Infowars crowd.

FELIPE NO

Originally Posted by Hachifusa

The reason most libertarians I speak to are against the Fed is because it's regulation of the market, not because it's private. No matter if privately or publicly owned, the Fed is interfering with a free market and therefore "illegal".

Furthermore, through the close cooperation between the treasury dept. and the federal reserve corporate losses are socialized, while profits remain privatized. Nobody likes a multi-billion dollar welfare queen.

Most libertarians are really just Republicans who like to smoke weed. They take the free-market capitalism ideology a bit further socially and politically.

What, you don't want my bikini-clad body?

Originally Posted by Hachifusa

Why WOULDN'T diamonds be OK in a doomsday setting?

Do you want De Beers running the show?

Jam it back in, in the dark.