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I love guns
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Liberty Dollar office raided

The future of an Evansville-based company that produces a "private voluntary barter currency" known as the Liberty Dollar is in question after federal agents raided the facility this week, according to an e-mail sent by its founder.

Federal officials reportedly raided the group's headquarters, located in a strip mall at 225 N. Stockwell Road, early Wednesday morning and seized documents and precious metals.

FBI Agent Wendy Osborne, a spokeswoman for the FBI's Indianapolis office, directed all questions on the raid to the Western District of North Carolina U.S. Attorney's Office. A spokeswoman there said she had no information on the investigation.

Bernard von NotHaus, the group's monetary architect and the author of the e-mail, did not immediately respond to a message seeking comment.

Von NotHaus developed the Liberty Dollar in 1998 as an "inflation-proof" alternative currency to the U.S. Dollar, which he has claimed has devalued since the Federal Reserve was established in 1913. The silver medallions are produced by a private mint in Idaho on behalf of Evansville-based Liberty Services, which also issues paper notes which the group says are backed by silver reserves.

Liberty Dollar employees were at the office this morning cleaning up after the raid. They referred all questions to von NotHaus.

According to the e-mail, about a dozen agents arrived Wednesday morning and seized gold, silver, platinum and nearly two tons of recently delivered Ron Paul Dollars. They also took all the files, all the computers and froze the group's bank accounts, the e-mail said.

"We have no money. We have no products. We have no records to even know what was ordered or what you are owed," von NotHaus wrote in the e-mail, which was sent to Liberty Dollar customers. "We have nothing but the will to push forward and overcome this massive assault on our liberty and our right to have real money as defined by the US Constitution. We should not to be defrauded by the fake government money."

The e-mail said the gold and silver that backs up the paper and digital currency was confiscated, as were the dies used to mint the Liberty Dollars themselves. As a result, it warns that recent orders placed for Liberty Dollars may not be filled and it encourages supporters to band together for a class action lawsuit.

The e-mail repeatedly defends the Liberty Dollar as legal.

"You did nothing wrong," von NotHaus wrote. "You are legally entitled to your property. Let us use this terrible act to band together and further our goal to return America to a value based currency."

- Gavin LesnicK

http://www.courierpress.com/news/2007/nov/15/liberty-dollar-office-raided/
 

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sounds pretty legit to me, ive seen alot of different foundries and prescious metal companies that issue 1oz silver coins and bars. wonder whats going to happen.
 

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"Von NotHaus developed the Liberty Dollar in 1998 as an "inflation-proof" alternative currency to the U.S. Dollar"

He dared to compete with the Federal Reserve, now he must pay. Isn't it great living in a free country?
 

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"Next, Grenville put forth the Currency Act of 1764, to restrict Virginia and other colonies from using their own paper currency. Each separate colony felt Britain had the right to impose laws, but not to legislate without an American voice and vote in the House of Commons. Benjamin Franklin and Richard Jackson went to England to state this conviction.

The breaking point for Americans was the Stamp Act of 1765. "


http://www.oldsaintlukes.org/1765.htm
 

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Forever Vigilant
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Does anyone have any idea what the warrant stated? Meaning what was the "legal" reason the government used (whether legal or not)
 

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woefully unprepared
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Again!? The congressman was supposed to be helping customers getting reimbursed for unfilled orders, I thought they would be backpeddling by now.
 

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sounds pretty legit to me, ive seen alot of different foundries and prescious metal companies that issue 1oz silver coins and bars. wonder whats going to happen.
The problem is the Liberty Dollar is being used as "currency". The only entity able to print/mint true "currency" is the feds.

Every other place you see minting coins and bars are just doing it for the value of the bullion itself, not creating a US currency aside from what's already existing.
 

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Went to the Liberty Dollar site today still looking for a class action lawsuit...wonder if these folks will ever get at least face value back?
 
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