Friday, November 16, 2007

Criminals seize real money.

Liberty Dollar Company Announcement
Thursday, November 15, 2007

Dear Liberty Dollar Supporters:

I sincerely regret to inform you that about 8 this morning a dozen FBI and Secret Service agents raided the Liberty Dollar office in Evansville, Indiana.

For approximately six hours they took all the gold, all the silver, all the platinum, and almost two tons of Ron Paul Dollars that were just delivered last Friday. They also took all the files and computers and froze our bank accounts.


If I remember correctly, the Liberty Dollar is a privately-issued coin of silver or gold. Or they issue several coins. I don't recall. They do not purport to be United States coins. They're privately issued. And remember: The people are free to trade hat pins among themselves if they want to. And since the United States fiat "dollar" will shortly fall to zero value, one might expect that the people will wish to dump that fiat currency and transfer their wealth to other currencies like the Euro, gold coins, tobacco, pork bellies, or perhaps even hat pins.

The point is, the criminal organization known as the US Treasury --which is in the business of issuing garbage money, contrary to the Constitution-- has taken exception to the Liberty Dollar. Their rationale for harassing this organization is that some unwitting person might be "duped" into accepting a Liberty coin where they expect to accept a US coin. You mean I might accidently receive a coin that contains real silver or gold as opposed to the junk metal in the United States coins? If I could only be so lucky...

This raid is a desperate, final attempt by a dying empire to prop up the value of its "money" by forcibly putting coin makers, pork belly traders, and hat pin manufacturers out of business.

And it's embarrassing to watch.

P.S. If you're smart, you will immediately dump that pig currency known as the "dollar." The fiat dollar's value comes from its status as world reserve currency. Because once upon a time, the US had the military power to force Middle Eastern oil-producing nations to sell their oil only for dollars. This enabled the US to print as many dollars as it wished and to export those dollars. The US has been getting a free ride for some decades by exporting its inflation.

But now the US no longer has an army. It lacks the ability to compel oil-producing nations to price their oil in dollars. Therefore, no country needs dollars. (Neither to buy oil, nor to buy anything from the US, since the US no longer makes anything.)

So when you lack an army, your fiat reserve currency's value goes to zero.