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Feds Outlaw Silver Coins as Legal Exchange

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Rounder
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Article below from USA Today, 15 Sep 06, taken from govnn.com.

Correct me if I'm wrong, but I believe this means that when the economy collapses making paper money virtually useless, citizens using silver coins to buy goods and services will be arrested by the ZOG for "using illegal alternative money."

(A real pisser for Edgar Steele and others stocking up on silver to survive the coming depression):

USA TODAY
WASHINGTON — The government Thursday warned consumers and businesses that it is illegal to use alternative money known as "Liberty Dollar" coins, which organizers promote as a competitor to the almighty dollar.

"We don't want consumers to be fooled," U.S. Mint spokeswoman Becky Bailey says, noting U.S. Attorneys offices across the USA have noticed a marked increase in inquiries about the coins.

The coins' producers vowed to fight the government's decision.

Evansville, Ind.-based National Organization for the Repeal of the Federal Reserve Act and the Internal Revenue Code, otherwise known as NORFED, has been making the Liberty Dollar coins for eight years and claims $20 million is in circulation. The group says the money, unlike official U.S. cash, has a hedge against inflation because it is made almost entirely of silver and is backed by stocks of silver and gold in a vault in Idaho.

The coins are then spent by the group's 2,500 Liberty Associates in stores run by fellow supporters or are accepted unknowingly by clerks who are unaware they are not receiving real money.
The Justice Department has determined that use of Liberty Dollars, which come in varying denominations, "is a crime," according to the Mint, which issued a rare public warning Thursday.
"The United States Mint is the only entity that can produce coins," Bailey says.

The Mint notes the coins share some resemblances to real money, such as the term "Trust in God" instead of "In God We Trust" and use of a torch in the design. Such similarities may confuse people into thinking the money is real, the Mint says.

But NORFED says it will challenge the government, arguing it has never claimed Liberty Dollars were official money and that it has a right to offer an alternative.

"The designs and verbiage ... are original and are not copies of any U.S. Mint currency," NORFED Executive Director Michael Johnson said in a statement.

It's unclear how many people or businesses are unknowingly holding Liberty Dollars, which cannot be exchanged for real money at banks.

In a case in Buffalo, a man and his son are set to go on trial next month after they knowingly tried to buy beer at a Buffalo Sabres hockey game with Liberty Dollars.
The Mint did not say if government officials will seek to prosecute individuals or NORFED after its warning.

Reed Runk, part-owner of Kendall Funk & Bismark Jewelers in Chambersburg, Pa., says the store has been accepting Liberty Dollars for about a year and has sold a few as well. Runk says the store will continue to accept and sell the coins.

"We just feel that they are something that educates people as to what the monetary systems are like in the world, that they are a fiat system, that if people lose faith in them, they will collapse," he says. Besides, "They are a good-looking coin."


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Posted : 24/09/2006 3:57 pm
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Feds trying to scare people. Just more terrorism.

If laws were being broken, the zog would be all over it. People can trade what they want. Silver isn't illegal.

The Liberty Dollar's producers operate publicly, right? The feds seem to be hinting that this is counterfeiting, or something akin to it, but if that was true then the Liberty Dollar people would have been shut down by the Secret Service about an hour after they started.


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Posted : 24/09/2006 4:29 pm
Ironguard1940
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Is this part of the Feds' COIN-TELPRO?:D


 
Posted : 24/09/2006 4:35 pm
Silver Eagle
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As long as the Liberty Dollars aren't being presented as Federal Reserve/US Mint dollars, I don't see where there's any crime. It's no different than if you were to offer bubble gum in trade for something. If the merchant wants to accept the gum as payment for goods or services, it's his choice. Same with the Liberty Dollars. Reminds me of a city in New York where many of the businesses pay their employees with Fed Notes and local "hour" certificates. The certificates are paid at a higher rate than the dollar equivalent and can be spent at local businesses for all kinda of goods and services. The locals are happy with the system and I say more power to them. Keep it local.

And no, I've never used Liberty Dollars and have no stake in them. Just trying to point out how scared the government must be.


 
Posted : 24/09/2006 4:38 pm
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In a case in Buffalo, a man and his son are set to go on trial next month after they knowingly tried to buy beer at a Buffalo Sabres hockey game with Liberty Dollars.

Annoyingly vague. I'm assuming they got in a little argument(likely some beer already in them) and claimed something like "this is real money, you have to take it" etc. That's thin enough grounds for prosecuting, but I can't imagine what else the government could use.

As Silver Eagle pointed out, if they had offered gum for the beer and the vendor agreed to it, the exchange would be legal. I'd like to find out more about the Liberty Dollars for beer case but can't turn up much. I can't even find out whether it's a state or federal case.

Then I guess technically your gum could get you in trouble if you made it out to be too "real"? I don't really understand what's going on here. Can anyone find details of that silver-for-beer case?

It's unclear how many people or businesses are unknowingly holding Liberty Dollars, which cannot be exchanged for real money at banks.

But anyone choosing to accept the coins can send them back to the makers and get equal value zogbucks if they want, right? Otherwise these guys would have been shut down as soon as they started.

Yes the ZOG is obviously getting worried.


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Posted : 24/09/2006 5:05 pm
JoeSixPack
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Liberty Dollars, which cannot be exchanged for real money at banks.

Real Dollars, which cannot be exchanged for fake ZOGbux at jewish banks.


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Posted : 24/09/2006 5:20 pm
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http://www.newswithviews.com/Ryter/jon120.htm Pretty detailed here but with claims from the Buczeks that likely won't be verified, like mistreatment from and theft committed by the police. Some strange details.

Still nothing illegal as far as I can tell. They were charged with felonies for "posession of forged instruments" but the county prosecutor dropped charges to misdemeanors. What misdemeanors those are, I don't know.

The arresting officer claims the younger Buczek impersonated a federal official.


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Posted : 24/09/2006 5:36 pm
Rounder
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The following quote from the above USA Today article makes it clear to me:

WASHINGTON — The government Thursday warned consumers and businesses that it is illegal to use alternative money known as "Liberty Dollar" coins, which organizers promote as a competitor to the almighty dollar. (Unquote)

Since ZOG has already made it illegal to use "alternative money known as Liberty Dollars," now prior to the collapse of federal reserve notes, then it's blatantly obvious to me, they'll prosecute to the maximum those who use silver or silver coins, after the collapse comes. And whether the users promote their silver as a competitor to the almighty dollar or not.

Even now, the ZOG is so desperate, it's resorting to legalizing torture and even murder of those it feels threatened by, while lying that it's to prevent terrorism, a word it refuses to even define.

And as we all know, the "unwashed masses" most especially the 100 million plus muds, will cheer ZOG on for acting in the nation's "best interests," when they prosecute those ole selfish White capitialists for trying to "pass off silver as real money." And under the circumstances of useless FRNs and it's effects, the masses themselves will demand stern punishments, including long prison sentences, to set examples.

See ??? No way out but thru the jews.


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Posted : 24/09/2006 5:48 pm
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The US Mint has been putting out so many crazy coins lately who can keep track? I think it's funny! They put out all these strange alterations of nickles, quarters, golden dollars ect so that people will HOARD the worthless tin instead of precious metals. How many idiots do you know who are trying to collect one of every state quarter? The USPS does the same thing with stamps. Stamp collecting of modern stamps is pointless.


 
Posted : 24/09/2006 6:47 pm
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The US Mint has been putting out so many crazy coins lately who can keep track? I think it's funny! They put out all these strange alterations of nickles, quarters, golden dollars ect so that people will HOARD the worthless tin instead of precious metals. How many idiots do you know who are trying to collect one of every state quarter? The USPS does the same thing with stamps. Stamp collecting of modern stamps is pointless.


 
Posted : 24/09/2006 6:49 pm
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The US Mint has been putting out so many crazy coins lately who can keep track? I think it's funny! They put out all these strange alterations of nickles, quarters, golden dollars ect so that people will HOARD the worthless tin instead of precious metals. How many idiots do you know who are trying to collect one of every state quarter? The USPS does the same thing with stamps. Stamp collecting of modern stamps is pointless.


 
Posted : 24/09/2006 6:51 pm
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The US Mint has been putting out so many crazy coins lately who can keep track? I think it's funny! They put out all these strange alterations of nickles, quarters, golden dollars ect so that people will HOARD the worthless tin instead of precious metals. How many idiots do you know who are trying to collect one of every state quarter? The USPS does the same thing with stamps. Stamp collecting of modern stamps is pointless.


 
Posted : 24/09/2006 6:51 pm
Action Alert
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The US Mint has been putting out so many crazy coins lately who can keep track? I think it's funny! They put out all these strange alterations of nickles, quarters, golden dollars ect so that people will HOARD the worthless tin instead of precious metals. How many idiots do you know who are trying to collect one of every state quarter? The USPS does the same thing with stamps. Stamp collecting of modern stamps is pointless.


 
Posted : 24/09/2006 6:51 pm
 LUX
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This story and discussion can't help but make one suspicious that silver is going to be really, really valuable once the dollar crashes.

"Illegal" or not, sounds like stocking up on silver now will be better than finding out your life's saving in investments are devalued to the worth of one month's grocery bill.


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Posted : 24/09/2006 6:51 pm
Action Alert
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The US Mint has been putting out so many crazy coins lately who can keep track? I think it's funny! They put out all these strange alterations of nickles, quarters, golden dollars ect so that people will HOARD the worthless tin instead of precious metals. How many idiots do you know who are trying to collect one of every state quarter? The USPS does the same thing with stamps. Stamp collecting of modern stamps is pointless.


 
Posted : 24/09/2006 6:51 pm
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