Founder of Liberty Dollar Jailed
Alex Libman
the Liberty Dollar (also known as the Ron Paul dollar) was thrown into a
Federal rape cage for daring to offer people a voluntary alternative to the
inflation-prone government-cut toilet paper called the US dollar.
www.LibertyDollar.org and related sites thrown in memory hole "due to court
order"
Steve
violation of the Consitution is Legal.
But striking coins out of .999 silver with an actual intrinsic value
is a crime worth jail time.
mazorj
"Steve" <coing...@yahoo.com> wrote in message
news:f60624b8-8a3b-4d02...@t8g2000prh.googlegroups.com...
>
> So printing a worthless piece of paper and claiming it's money, in
> violation of the Consitution is Legal.
Please cite federal *case law* to document that. Surely this question must
have reached SCOTUS or an Appeals Court at least once or twice and been
decided.
Even the Founding Fathers issued Continental Dollars. True, that didn't go
so well, but paper money as been with us a long, long time.
> But striking coins out of .999 silver with an actual intrinsic value
> is a crime worth jail time.
Yes. Only Congress has the authority to print and coin money. Bernie
Nuthaus was clearly trying to coin money, even if only "as an act of
protest" or whatever. Any cover story to the contrary from Nuthaus is a
wink and a nudge that doesn't pass the smell test.
There are a gazillion ways to protest against the FRS and a gazillion ways
to mint silver rounds without breaking the law. This wasn't one of them.
Steve
> "Steve" <coinguy1...@yahoo.com> wrote in message
The Liberty Dollars are a VOLUNTEER alternative currency. Nobody has
to accept them. The
Federal Reserve Notes MUST be accepted "for all debts, public and
private."
mazorj
Wrong.
http://www.ustreas.gov/education/faq/currency/legal-tender.shtml
Just because something is legal tender doesn't mean that it must be
accepted. That's why stores can refuse large bills or even refuse all cash
payments. It just means that the bill or coin is a legal tendering of
lawful money in the amount denominated when tendered by the holder to a
seller. The main practical effect is that if someone accepts your FRN as
payment, he cannot come back later and claim that the debt was not satisfied
because he doesn't want or does not recognize FRNs as lawful money.
So the fact that Liberty Dollars can be refused doesn't put them in some
special exception category.
Even if you were right it would be a meaningless distinction. Counterfeit
bills can serve as a "volunteer alternative currency" if you are foolish
enough to accept them. But as with the Liberty Dollars, it is illegal to
use them as money even when they are "voluntarily accepted" as legal tender.
Jerry Dennis
Actually, Steve, FRNs are "Legal tender for all debts, public and
private." If I choose NOT to accept FRNs and prefer another method of
payment (e.g., coins or even Liberty Dollars), that's between my
client/customer and me.
Jerry