Response from: Hope

> Think again. The Federal Reserve claims to be the inflation hawk, protecting the US economy. Yet, the US Dollar buys scarcely 4% of what it bought when the Fed was formed. Now it is literally being flushed down the toilet. Ron Paul has submitted legislation to eliminate the Fed, and Liberty Dollars represent a walking advertisement that alternatives are viable. The Fed is rankled, because it is clearly failing, and taking the US economy down with it. If their position was legitimate and defensible, they would have no need to fight dirty. There is vast evidence that the Fed is pernicious symbiosis between international bankers and US politicians, designed to allow the politicians limitless supplies of credit and the bankers limitless power to inflate. All of this has been known since the Fed was formed but no one who publicized got a fair hearing, and the orthodox pressed destroyed them by ignoring them. The Internet has turned the tables. Word of this raid will spread to 10s of millions overnight. Emerson wrote, "For every thousand hacking at the branches of evil, one attacks the root". The Liberty Dollar and Ron Paul attack the root of the problem, and the Internet communicates their work like wildfire. That is why the powers-that-be must take them out. What could be of deeper national concern?

Response from: Hope

> Think again. The Federal Reserve claims to be the inflation hawk, protecting the US economy. Yet, the US Dollar buys scarcely 4% of what it bought when the Fed was formed. Now it is literally being flushed down the toilet. Ron Paul has submitted legislation to eliminate the Fed, and Liberty Dollars represent a walking advertisement that alternatives are viable. The Fed is rankled, because it is clearly failing, and taking the US economy down with it. If their position was legitimate and defensible, they would have no need to fight dirty. There is vast evidence that the Fed is pernicious symbiosis between international bankers and US politicians, designed to allow the politicians limitless supplies of credit and the bankers limitless power to inflate. All of this has been known since the Fed was formed but no one who publicized it got a fair hearing, and the orthodox press destroyed them by ignoring them. The Internet has turned the tables. Word of this raid will spread to 10s of millions overnight. Emerson wrote, "For every thousand hacking at the branches of evil, one attacks the root". The Liberty Dollar and Ron Paul attack the root of the problem, and the Internet communicates their work like wildfire. That is why the powers-that-be must take them out. What could be of deeper national concern?

Response from: Doug

Go after Mickey. I have some disney dollars. Do you think the market will take them for some bananas? Looks to me like the fed needed the metal. So... it was time to go get some more.

Response from: Being John Galt

Liberty Dollars ARE money. They ARE currency. They just are not "legal tender", which means that they are not government-supported "fiat" currency. Besides, Liberty Dollars are constitutional (gold and silver backed), while the Federal Reserve "notes" are not.

Response from: Jeff

The offices of Liberty Dollar were raided by the FBI today, everything has been confiscated. There is no official reason why yet.

Response from: chuck

Wake up people please. You are witnessing the NWO in action. They are so invested in this parlor trick that they would squash anything in its path. They have postured themselves, know them by their deeds! Liberty is what they must keep from you. They know that they stand to face trials when we restore our constitution and the people that were complicit in illegal activities will swing. Don't back down. Its only property, wait till they want to cash us in!

Response from: Success Warrior

I wrote up a post on this that will be coming out tomorrow but I'm going to disagree that this isn't important. The FBI siezed someones gold, silver, and platinum and we don't know why. I would say that government theft is a grave concern and that they are probobbly doing it because of the Ron Paul dollar which was going to sell like hot cakes. The Fed doesn't want any competition because they want to enslave every working person in the country. Anything to do with the Fed is a grave concern.

Response from: Dave

I'm not sure the banana example is completely applicable to this situation. One can barter for goods as much as the want. The Liberty Dollar however is a minted coin, which runs dangerously close to a reserved power of Congress (see Art. 1 Sec 8).

Response from: Jesse

Art. 1 Sec. 8 only permits Congress to coin money; this is a power of Congress but not a *reserved* power. Sec. 10 of the same article prohibits the states from coining money, but says nothing about private citizens. Of course there's always the commerce clause to cover just about anything they want these days.

Response from: MichiganJack

Check out this notice from the U.S. Mint in Sep of last year, long before Ron Paul decided to run. The notice warns consumers about using Liberty Dollars as currency, saying that is illegal. Maybe Ron Paul dollars proved popular, spiking sales, and that prompted feds to act? In any case they clearly were displeased with NORFED over a year ago. http://www.usmint.gov/pressroom/index.cfm?flash=yes&action=press_release&id=710

Response from: Jeremy

People are correct to say this is the NWO in action. This is tyranny and theft by the government, pure and simple. Contact the agents and judges involved and demand the return of gold and silver. Your freedom depends on it.

Response from: Daryl

Actually, Jesse, Section 10 doesn't even prohibit the states from coining money. It merely restricts the states from declaring anything legal tender... EXCEPT for gold and silver, which means the states still have the authority to issue gold and silver coin. It's a sad fact that the American People no longer understands (if any generation other than the first generation of Americans ever did) that that list of powers are not powers RESERVED to Congress, but are, rather, the ONLY powers GRANTED TO Congress. What that means is that it is technically illegal for Congress to do ANYTHING not on that list. The List does not prohibit anything of the States or the People, with the sole exception of the States declaring anything but gold and silver legal tender. In fact, the first draft of the constitution also listed the power to "emit bills of credit" among the powers of Congress. This was rejected by the Convention. In other words, the government-issued paper dollar is not merely implicitly unconstitutional, it is *explicitly* unconstitutional--that is, illegal.

Response from: paul

Also, the FED is a private corporation operating as a monopoly protected by law. Clearly immoral and illegal. I want all my tax dollars back! The national debt should be eliminated as it is FRAUD, and the owners of the FED SUED by the American taxpayers for all the interest paid plus interest and time spent filing taxes!

Response from: Jay Muntz - valueaverager.com

Bananas are a bad "store of value" because of spoilage. Imagine if bars of soap were used instead. Here's are the problems: 1. You may be charged state sales tax when you buy soap. This means every exchange of soap for dollars would require that a tax be paid. 2. If you stockpile soap in your basement, then the price of soap in dollars goes up (maybe because of dollar inflation or because soap becomes a scarce commodity) - you will owe capital gains tax on your "investment" in soap, and if you tried to exchange your soap for dollars (maybe to pay the IRS - they don't take soap), the buyer of your soap might have to pay sales tax again. My (limited) understanding of Ron Paul's proposal is to get rid of these taxes for certain precious metals - so that they could effectively be used as both a store of value and a medium of exchange. A different question: Are BerkShares next the feds next target?
http://www.berkshares.org/

Response from: Cliff S

"Of course, if enough people join the Liberty club and pretend that this money has value, pretty soon it does appear to be a competitor to government money, which may be the reason the U.S. is suspicious of it. " This statement is actually backward from reality. The coins and notes being used by liberty dollar are either made of gold and silver or are backed by gold and silver giving them more real value than the US dollars we regularly spend. It is the greenbacks that we have to pretend has value.

Response from: Metta

Money 101: Learn more about barter, circulating currency, banking and the Federal Reserve http://video.google.com/videoplay?docid=-466210540567002553&hl=en

Response from: Vinyasi

Does the U.S. Govt. Owe YOU Money? Hearing about the raid on the national fulfillment office of the Liberty Dollar didn't put me in the fit of pink, but I learned to get over it by donating all of my interest in my unfulfilled orders (that were either curtailed or confiscated by the government on Nov. 14). And to encourage greater participation among bystanders, I've further divided my give-away down to as little as one penny provided that these tiny demands for refund be donated to the Liberty Dollar, Legal Defense Fund to help eliminate the logistical nightmare of the Liberty Dollar staff trying to disperse a mere penny to gazillions of people from the proceeds gained whenever the class action lawsuit is completed. But demands for refund which are greater than, or equal to, a dollar could go to you. Since I can contract-out my property to anyone I choose, and further subdivide my give-away down to ridiculously small fractions, my feeble loss (as great as it may seem to me) can be magnified to potentially include lots of participation from anyone who isn't already involved, but who might now consider the possibility that more than just my rights have been violated, but your's as well. For more details about becoming involved, go to: http://www.I-Rob-You.info/ Vinyasi, Liberty Associate of the San Fernando Valley....