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Local Currency Raid - Liberty Dollar No Longer at Liberty
by patriot
Thursday Nov 15th, 2007 10:37 PM
Before the US revolution there were hundreds of local currencies in this country.

IT IS THE US DOLLAR that is a crime now; built on the
FRAUDULENT federal reserve (a private corporation)
and the ILLEGAL IRS (which has no authority to collect taxes)
ENFORCED by JACK-BOOTED THUGS who come in the night to destroy all that is American,
To attempt to prop up the facade that is the organized crime family: the BUSHco regime.

For those who consider local currencies, here's a story from today:

Liberty Dollar No Longer at Liberty

The Raid on the Headquarters of the Liberty Dollar

The Liberty Dollar is a privately issued currency distributed and promoted by Liberty Services. Until Thursday morning, the currency was produced in Evansville, Indiana. At 8 AM on Thursday morning, the 15th of November, federal agents made a surprise raid on the mint, seizing coin and note, computer files, gold, silver, and platinum. Also included in the federal raid was the Sunshine Mint in Coeur d'Alene, Idaho, where the dies for the money were kept.

According to the company's website, the Liberty Dollar is "inflation proof." The currency is loosely based on the principle of silver certificate, paper money that could be redeemed for an amount of silver coinage. The U.S. government stopped redeeming these notes in 1968 when the price of silver inflated past the value of the paper money. Bernard von NotHaus, 'money architect' of the Liberty Dollar, cites the inflation of the dollar as his reason for creating a new currency. Since its inception in 1998, twenty-million dollars in U.S. currency has been converted into Liberty Dollars.

Not everyone has been happy about the Liberty Dollars success. The United States Mint issued a statement on its website warning people that the Liberty Dollar is misleading in its similarities to legal tender and stating that "prosecutors with the Department of Justice have determined that the use of these gold and silver NORFED "Liberty Dollar" medallions as circulating money is a Federal crime." In response to this strong statement, Liberty Services brought a lawsuit against the U.S. Mint.

Thursday morning, von NotHaus sent a letter to supporters and holders of the Liberty Dollar detailing the morning raid. The letter, circulated on many blogs and posted at the Gold Seek website, breaks what for some could be very bad news. The seizure of Liberty Dollar assets leave many stranded with Liberty Dollars, which for the moment are no longer redeemable as silver or gold. "We have no money. We have no products. We have no records to even know what was ordered or what you are owed," said Bernard von NotHaus in a morning letter to supporters of the Liberty Dollar.

The Federal Governments reasons for the raid are unclear as is the future of the Liberty Dollar. "We have nothing but the will to push forward and overcome this massive assault on our liberty," von NotHaus writes. The Liberty Dollar website has not yet published a statement on the federal raid or the future of the currency. It has posted a link for currency holders to sign up for a class action lawsuit. "Everyone who has an unfulfilled order or has digital or paper currency should band together for a class action suit and demand redemption," exhorts von NotHaus. "You did nothing wrong. You are legally entitled to your property."
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