Liberty Dollar currency

[joeyforpresident]

Dada, I read on the FSP forum that you're using Liberty Dollars.

An article I wrote this week talks about it: www.elliscountypress.com -- should have a graphic with it too.

Anyway, how's that coming along? I think the Liberty Dollars should be distributed more, especially among the libertines...

[AlanM]

Dada, I read on the FSP forum that you're using Liberty Dollars.

An article I wrote this week talks about it: www.elliscountypress.com -- should have a graphic with it too.

Anyway, how's that coming along? I think the Liberty Dollars should be distributed more, especially among the libertines...

Suspect this was an attempt at humor, but since you are new, want to make sure you know the difference between libertine and libertarian.

[tracysaboe]

Joey's not that new.

He's been in and around the FSP boards off and on for awhile.

I'd like to know what he means too.

Tracy

[Kat Kanning]

I couldn't find the article on there, Joey.  Is there a link directly to it?

[joeyforpresident]

Note: They started putting STAFF REPORT on all of my articles due to me being sued twice (for libel -- hey, the truth hurts).

Citizens target taxes, annexation
STAFF REPORT
The Ellis County Press
WAXAHACHIE ? Annexations and taxes are on the minds of many Ellis County citizens, but several local individuals have alternative means of fighting them.

Because taxes eat up about half of an average American?s income, some say the solution isn?t elections, but activism.

?We?re past the time when national or state elections will correct the problem,? said Waxahachie resident Jack Remington, who believes a Constitutional form of government would alleviate the financial problems citizens face.

Constitutional government would have a gold-silver standard to back its currency, which Remington said would ?get rid of all the inflation we have? now and cut the amount in taxes people owe.

?We must reinstate Constitutional government by whatever means necessary,? said Remington, a member of the separatist Republic of Texas group and militia member who has also recently fought Red Oak?s attempts to annex his property.

Jimmy Turner has another

method of helping alleviate the financial burden of his fellow citizens.

?It boils down to what we can afford,? said Turner, the Ellis County director of the We The People tax honesty movement, referring to the recent vote of the Waxahachie City Council to refuse a payment to Navarro for a parking lot.

?Government has gotten to be so massive that people simply cannot afford it anymore.

?It has grown beyond the capacity to be of any service to its people anymore. They no longer are there to serve, they?re there to be served.?

As director of the Buffalo Creek Liberty Assay Office, Turner?s job is to issue inflation-protected currency, backed by a silver and gold standard.

?When I say assay, I?m not assaying gold, I?m assaying liberty,? said

Turner, a former Waxahachie fire chief, said, ?The best thing for me to do is to convince people to become liberty associates. Then they could become a source for gold and silver to put be put back to circulation.?

The assay office is akin, Turner said, to the commodity-backed standard that was used before the creation of the private Federal Reserve, America?s central bank.

People would come to him, or other liberty associates, and exchange their FRNs, or Federal Reserve Notes, for tender backed by the two commodities.

The alternative bank?s currency also includes $10 silver coins.

The currency was catching on with mainstream Americans, as well as the mass media, Turner said.

The Los Angeles Times stated liberty dollars, ?could give U.S. greenbacks a run for their money.?

And with his new bank, Turner said he hoped the competition against FRNs becomes tight.

[Dave Ridley]

I got my first batch of $10 pieces as an associate today and am pumped!  Everyone at work is looking at them and going wow!   I will have some whenever you guys see me probably and you can buy them if you like...although it looks like $100 worth is already spoken for!   

[Kat Kanning]

 

[Ron Helwig]

Dada, did you get any literature with your order?

I like the tri-fold pamphlets and stand combo. Also, they have business cards that you can add your contact info to. The 'Merchant Handbook' copies I got have a few typos, but otherwise are good.

I have been thinking for a few years that we need a pamphlet that is more geared towards green/communal types, since the Liberty Dollar is good for them too. (Stop using the "big bank" money, use a "sustainable" currency instead, etc). I'm certainly not a socialist, but I think we can work with them on this.

As I'm in Hampton Beach currently, I'm thinking about visiting the businesses on the strip to inform them of this.

Ron Helwig

[Dave Ridley]

Ron I listed you as my sponsor when I signed up so if they didn't send you your 100 lemme know or let them know.

[Ron Helwig]

Ron I listed you as my sponsor when I signed up so if they didn't send you your 100 lemme know or let them know.

It's in the mail, according to their email. Thanks.

Gonna be near Hampton any time soon? I'm staying on the beach currently.

[SethCohn]

http://www.fosters.com/apps/pbcs.dll/article?AID=/20050906/CITIZEN0101/109060065/-1/CITIZEN

'Liberty Dollar' causes concern in the region



By GORDON FRASER
Staff Writer
gfraser@citizen.com
A LIBERTY $10 COIN, shown here, is minted by a private company in Evansville, Ind. It is not legal tender, although it is composed of one ounce of 99.9 percent pure silver and can be exchanged for goods and services in some locations. The Belknap County Sheriff's Department is concerned that some local people and businesses might unwittingly accept them. (Courtesy Photo)

LACONIA ? It's not legal tender, although at least one business has been fooled into believing it is, according to Belknap County Sheriff Dan Collis.

Collis said an unidentified local business accepted a "Liberty Dollar" in exchange for its product without realizing that the coin, marked $10, is not legal tender and is not issued by the Federal Reserve. It's issued by a private company in Evansville, Ind. ? the Liberty Dollar National Fulfillment Office.

The coin is not exactly a commemorative piece, though, and it's not a counterfeit, either.

"It's not legal tender; it's better than legal tender," said Charlie Hampe, who runs the regional currency office in Belmont for the Liberty Dollar national office.

When the complaint about a particular Liberty $10 coin first reached Collis, he called the Secret Service ? the federal agency responsible for investigating counterfeit money. The Secret Service is aware of the Liberty Dollar, Collis explained, but because the dollar does not replicate a Federal Reserve note, it is not illegal.

Collis is conducting an investigation, however, because the person who used the Liberty Dollar may have presented it as legal currency, which might constitute a crime.

"Services were rendered," Collis said.

But Hampe said that the coins ? or notes, because the Liberty Dollar is issued in paper form, as well ? were never meant to be confused with legal tender. He offered to buy the note back from the business at face value.

"I will buy them back from anyone," he said.

The notes, he said, are designed to help reduce inflation and improve the value of a U.S. dollar, he explained.

The $10 Liberty coin is backed by one ounce of silver, currently worth about $6.92. Add minting and transportation costs, and you arrive at the coin's $10 price tag.

Bernard von NotHaus, a self-described "monetary architect," created it seven years ago. On his website, libertydollar.org, NotHaus explains that his dollar cannot fluctuate in the same way that a Federal Reserve note, which is not backed by precious metals, can.

Throughout the latter part of the 19th century, the United States' system of backing each dollar with a particular amount of gold was criticized by Midwestern farmers, who felt that the gold standard gave Eastern banks too much control. Throughout the 20th century, the federal government moved further from the gold standard until, in 1971, President Richard Nixon abolished it altogether.

NotHaus argues that the abolition of the gold standard has harmed the American dollar, caused inflation and generally devalued the U.S. economy.

Rachelle Moseley, the Regional Currency Office manager for Liberty Dollar, said that about $15 million in Liberty Dollars are currently circulating in the United States.

"The Liberty Dollar acts alongside Federal Reserve Notes," she said. "I don't know that the Federal Reserve can ignore that forever."

Hampe agrees. He said that the ultimate goal of the Liberty Dollar would be to force the Federal Reserve to return to a form of currency backed by precious metals. That kind of currency is not as susceptible to inflation, he said, and inflation harms those living on savings and fixed incomes.

"You don't feel the effect (of inflation) on a short-term basis," he said. But, he went on, "If you put that money in a bank or you put it under your mattress" the money's value depreciates.

The Liberty Dollar is catching on locally, too, Hampe said. He explained that 14 local businesses accept Liberty Dollars in exchange for goods and services.

Winnisquam Pizza and Subs even provides a $2 discount to those who purchase food with Liberty Dollars. Two large pizzas, which cost $24 in Federal Reserve notes, cost only $20 in Liberty Dollars.

"You can't devaluate the price of silver because it's controlled by the metals market," said the restaurant's owner, Ed Clifford. Mostly, though, Clifford accepts Liberty Dollars because he likes the coins.

"Most people are buying them to collect them," he said, "I guess it's like playing with Monopoly money."

The Liberty Dollars cannot be deposited in banks, and only a few of the wholesalers who provide Clifford with the products to run his business will accept Liberty Dollars.

"It's just a barter system," Clifford said.

Trustworthy Hardware in Laconia accepts the dollars, as well.

"I thought they were a good thing ... even if they aren't legal (tender)," Mo Martineau, the store's owner, said.

He said that Trustworthy Hardware has accepted Liberty Dollars for about a month. The store cannot buy any products from wholesalers with Liberty Dollars, he said, but some customers still like to use them.

"They'll always be worth $10," Martineau said.

Collis is concerned about the Liberty Dollar, however, because it looks so much like an official coin. He is afraid that more businesses and people will inadvertently accept the Liberty Dollar in exchange for goods and services, when they cannot use it to purchase goods and services themselves.

"The way things get busy," the sheriff said, "people have a tendency to get confused."

He hopes that a growing awareness among members of the public will prevent further confusion. He added that he is still conducting a criminal investigation into the case of a Liberty Dollar being used to make a purchase from that unidentified business.

Anyone who feels he has been tricked into accepting non-legal tender as payment for goods or services, Collis said, is encouraged to contact a local law enforcement agency.

Courtesy Photo LIBERTY DOLLARS, shown here, are minted and printed by a private company in Evansville, Ind. They are not legal tender, although they are backed by precious metals and can be exchanged for goods and services in some locations. The Belknap County Sheriff's Department is concerned that some local people and businesses might unwittingly accept them.

[Lloyd Danforth]

Even if they were counterfit, or, missrepresented, this, like Immigration is a federal matter and no business of a local sherrif.

[Otosan]

local business accepted a "Liberty Dollar" in exchange for its product without realizing that the coin, marked $10, is not legal tender and is not issued by the Federal Reserve. It's issued by a private company in Evansville, Ind.

Is not the Federal Reserve a private company? and are the FRN's not "legal tender"?

[KBCraig]

Even if they were counterfit, or, missrepresented, this, like Immigration is a federal matter and no business of a local sherrif.

Fraud is, though.

That's why anyone using LDs must make sure that the person accepting it knows exactly what it is, and what it isn't.

Kevin

[Kat Kanning]

Yes, the person taking the currency in trade has absolutely no responsibity in the trade.