Liberty Dollar Creators Arrested

Discussion in 'Economy' started by Kevin_Kennedy, Jun 5, 2009.

  1. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    Liberty Dollar indictments made - 14 News, The Tri-State's News and Weather Leader-

    Apparently the government doesn't think it's fraudulent, worthless paper money can stand any competition from sound money.
     
  2. STAND4LIBERTY
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    STAND4LIBERTY Independent Libertarian

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    Only if legal tender laws are kept in place, in the absence of such laws the legalized counterfeit garbage produced by the fed would die the ignoble death it deserves. :lol:
     
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  3. editec
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    editec Mr. Forgot-it-All

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    Their money was sound?

    In what way exactly was it sound money, Kevin?

    I read the article.

    I see no indication that their paper was anything but worthless script.
     
  4. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    It's backed by or made out of gold and silver.

    Liberty Dollar
     
  5. editec
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    editec Mr. Forgot-it-All

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    Ah, I see.

    The article was misleading then?

    But let me ask you...since plenty of pcompanies already issue coins made of silver or gold, why do you suppose that those guys are in trouble?

    And, why did the image on that article show us PAPER MONEY that they'd issued?

    I suspect that they were not only issuing rounds of gold or silver, but paper "dollars" that they were saying was backed by gold or silver.


    Because otherwise, there is no way in hell that they're be trouble, amigo.

    If you or I choose to issue coins (aka rounds) of metal, the treasury doesn't care.

    However, if we choose to issue paper spcies that preports to be backed by gold and silver, I suspect they're going to take a very dim view of it.

    And upon reading the advertisment you sent me to, I found the language there slippery as hell, too.

    What exactly are they selling?

    Well sometimes it sounds like paper backed by metal and at other times it seems they are issuing metal rounds.

    Update.

    yeah, that's EXACTLY what they were doing, too


    Issuing paper script that they calimed was backed by bullion


    Read on:

    source


     
    Last edited: Jun 5, 2009
  6. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    Yes, that's what they were doing. They sold silver coins, and paper money that was backed by a commodity. Though after their warehouse was raided a few years ago I'm not sure if they still offered the paper money or not.
     
  7. xotoxi
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    xotoxi Platinum Member

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    What is this thread about?

    Sounds like some criminals were creating counterfeit money and encouraging people to use it. They should go to jail.

    End of discussion. Next.
     
  8. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    Well it's not the end of the discussion, because they're not criminals. It also wasn't counterfeit money. It was a distinctly different currency from that which the federal government forces us to use, and it had real value as opposed to the worthless government-backed green paper and tin coins.
     
  9. RodISHI
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    RodISHI Gold Member

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    For a long time they sold gold minted coins. Backed by paper? news to me.
     
  10. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    Why would a gold minted coin need to be backed by paper? I'm not sure what you're referring to.
     

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