Saturday, November 17, 2007

RE: U.S. Raids Issuer of Ron Paul Coins

----------------- Bulletin Message -----------------
From: Ignorance Isn't Bliss
Date: Nov 17, 2007 11:50 AM


U.S. Raids Issuer of Ron Paul Coins


<SPAN class=article_small id=article> http://www.nysun.com/article/66542/trackback/


Real Money - The American Liberty Dollar


Federal agents, in a move that could have an impact on the presidential race, raided the Indiana office of the issuer of a private currency known as the Liberty Dollar — and seized tens of thousands of coins bearing the likeness of a presidential candidate, Rep. Ron Paul.



Overall, agents on Wednesday hauled away more than 2 tons of copper coins and 500 pounds of silver coins, as well as records and computers, the founder of the currency system, Bernard von NotHaus, told The New York Sun by phone from Miami. Although not present in Evansville, Ind., for the raid, Mr. von NotHaus said he has been told that the government agents left business cards from the FBI and Secret Service. Neither agency would confirm or deny the raid when contacted by the Sun.


National Debt
The national debt has climbed to alarming levels since the Federal Reserve was created in 1913.
Source: U.S. Treasury, Bureau of the Public Debt


Purchasing Power
As a result, the Federal Reserve Note (US dollar) has lost 96% of its purchasing power since 1913.
Source: U.S. Dept, of Labor, Bureau of Labor Statistics, CPI


RELATED: Libertarians React to the Raid, The Liberty Dollar Web site


The raid has the potential to alter the campaign of Mr. Paul, the Republican candidate of Texas whose visage appears on the more than 50,000 seized copper coins, as well as on lesser amounts of gold and silver coins. Mr. Paul is basing his presidential campaign in part on the argument that the federal government has been debasing the dollar. Mr. von NotHaus, a supporter of the presidential candidate, said he put Mr. Paul's image on the dollars to raise attention for the candidate. An eclectic nationwide crew of libertarians and coin enthusiasts exchange the coins.


"I thought, 'What can I do for him?'" Mr. von NotHaus said. "I'll do a dollar. It's 1 ounce of pure copper."



MORE:


<DIV class=lh>In Ron Paul Coins, Federal Agents Don't Trust
Washington Post, United States - <NOBR>15 hours ago</NOBR>
Bernard von nothaus, norfed's founder and executive director, said in an interview from his home in Miami Friday night that his employees in Evansville had ...
Federal agents seize coins and silver <NOBR>Indianapolis Star</NOBR>
Feds seize two tons of funny money featuring Ron Paul <NOBR>USA Today</NOBR>
Feds raid 'Liberty Dollar' operations in Idaho and Indiana <NOBR>Seattle Post Intelligencer</NOBR>
<NOBR>Honolulu Star-Bulletin</NOBR> - <NOBR>Evansville Courier & Press (subscription)</NOBR>
<NOBR>all 282 news articles »</NOBR></DIV>
<DIV class=lh> </DIV>
<DIV class=lh align=center>Liberty Dollar<SPAN class=m> </SPAN></DIV></SPAN>

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