In 2007, silver and gold was confiscated during a SWAT team raid by the FBI, Secret Service and Department of Treasury on the Liberty Dollars. I had also purchased two of these pure silver Liberty Dollars as shown in the picture and I have been interested in this case since then. Now we have a felony conviction of the person who started this alternative currency with real silver and gold coins.
In March, the producer of a privately minted alternative currency called Liberty Dollars was convicted of counterfeiting and the actions of his organization is being called a form of domestic terrorism by the U.S. Department of Treasury. Liberty Dollars were pure silver—or 99.95%– or in other words genuine, especially compared to the silver content of U.S. coins—zilch.
Bernard Von NotHaus, 67 and who remains free on bond, faces a sentence of up to 15 years’ imprisonment and fines of $500,000. In addition, the United States is seeking the forfeiture of approximately 16,000 pounds of Liberty Dollar coins and precious metals, currently valued at nearly $7 million.
Liberty Dollars were marketed by the Organization for the Repeal of the Federal Reserve and Internal Revenue Code, or NORFED for short. It was based in Evansville, Indiana. It was the brainstorm of Bernard Von NotHaus. He previously operated the private Royal Hawaiian Mint, which struck medals and coins using the images of the old Hawaiian kings and queens. NORFEDs “bible” was Edwin G. Griffin’s Creature from Jekyll Island—a book about how the U.S. money system was given over to private bankers called the Federal Reserve and explains how the fiat money system based on debt controlled by the banks. (Griffin is author of the book World Without Cancer also.)
The U.S. Treasury had a problem with the coins. They used the dollar sign and the words “dollar, USA, Liberty, Trust in God and other devices that the Department of Justice said were “associated with legitimate U.S. coins.”
The press release from the Treasury explains:
“Attempts to undermine the legitimate currency of this country are simply a unique form of domestic terrorism,” U.S. Attorney Tompkins said in announcing the verdict. “While these forms of anti-government activities do not involve violence, they are every bit as insidious and represent a clear and present danger to the economic stability of this country,” she added. “We are determined to meet these threats through infiltration, disruption, and dismantling of organizations which seek to challenge the legitimacy of our democratic form of government.”
It sounds to me this would also be a description of the Federal Reserve and Department of Treasury.
Right around the time of the 2007 raid I made another remarkable discovery—one in which I will tell in an upcoming story called The Mystery of the Silver Coins. I discovered that the collector sets I purchased from the U.S. Mint were not silver at all. I purchased the 500th Anniversary of the Columbus Discovery silver coins for $25 each. I found out 15 years later that there was only enough silver in them to color the surface—almost none. In my opinion, I was conned by deceptive advertising of the U.S. Department of Treasury. (Perhaps the content of the silver content were revealed in the fine print.)
Anyone can accept a dozen eggs, a piece of silver or a copper pipe for a haircut or a meal. Anyone can offer an IOU or one of the 50 other private alternative currencies in the U.S as long as someone is willing accept them as payment. You will be able to use coins minted in several states backed by silver if those proposed bills pass. Anyone can mint coins as several large private mints do—even with the heads of famous people. But the Liberty Dollar was stamped out because it was said it looked like a U.S. coin and because its purpose was to compete with the U.S. monetary system, even though the Liberty Dollar had just a tiny fraction of a fraction of the market in a few cities where it was being circulated.
Most interesting is the raid and the arrest of Von Nothaus happened on the very same day when special Ron Paul coins were being delivered to the warehouse in Idaho and the Evansville offices of NORFED.
It seems to me that the U.S. has overreacted in regard to the similitude of the coins and the competitive threat on the money monopoly.
Maybe Von Nothaus should have made his coins square or in a pyramid shape and all this might not have happened.