Thread: Liberty Dollar office raided

I don't know if this belongs in this section other than I think it may be a sign of things to come in regards to the NAU.

Liberty Dollar office raided
Staff report
Originally published 01:42 p.m., November 15, 2007
Updated 01:42 p.m., November 15, 2007

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/n ... ce-raided/

Nice - glad they are spending our tax dollars at the FBI on real criminals. Instead they focus on taking away our freedom.

"the gold and silver that backs up the paper and digital currency was confiscated,"

"seized gold, silver, platinum"

"and nearly two tons of recently delivered Ron Paul Dollars"
(Don't know if the dollars were paper or precious metals, but if metal, just think of the gold or silver involved, and if paper, the silver or gold required to back nearly 4000 lbs)

And so the confiscations begin?

We had a discussion on this a couple months ago..........

I am interested in learning the reasons for the raid. Has anyone heard 'why' yet?

Originally Posted by CitizenJustice

"the gold and silver that backs up the paper and digital currency was confiscated,"

"seized gold, silver, platinum"

"and nearly two tons of recently delivered Ron Paul Dollars"
(Don't know if the dollars were paper or precious metals, but if metal, just think of the gold or silver involved, and if paper, the silver or gold required to back nearly 4000 lbs)

And so the confiscations begin?

We had a discussion on this a couple months ago..........

Yup. with the collapsing dollar. The feds are pumping 47 billion again, into the system.. dollar is crumbling. Ron Paul called this months ago when he had it out with the Fed at a debate, and then again just a week or so ago. But don't mind Ron Paul, he is just a crazy old man.

The very same groups who are pushing the war are the same ones promoting the open borders and the NAU. Its all the same groups. Some here don't realize this.

Anyways, not sure this particular story has been fully substantiated yet. - But it is flying all around. Can you imagine if this is true? I guess under the patriot act this company are "terrorist"..hahaha. The FBI can now raid you and offer NO reason whatsoever and then not give you or your lawyer any info pertaining to these seizures. Freedom is Popular, just give it up.

Originally Posted by ArticleIV

I am interested in learning the reasons for the raid. Has anyone heard 'why' yet?

Me too. This was an interesting attempt to have currency of real worth without filling your home with bags of scrap silver coins. Times like this I miss CrockettsGhost.

Moving to other topics.

Originally Posted by loservillelabor

Originally Posted by ArticleIV

I am interested in learning the reasons for the raid. Has anyone heard 'why' yet?

Me too. This was an interesting attempt to have currency of real worth without filling your home with bags of scrap silver coins. Times like this I miss CrockettsGhost.

You can buy gold and silver and receive paper documents stating what you own. I am really curious about this. If it was an attempt to bring another currency into circulation, I still do not see anything wrong with it, but I am not familiar with all of the laws. And I thought we were against monopolies...which the Federal Reserve would qualify as.

There is a HUMONGOUS thread on the Ron Paul forums about it.

It is in the HOT TOPICS section.
http://www.ronpaulforums.com/showthread ... 00&page=76

There is alot of speculation going on because its not clear they why's and how's yet.

Perhaps you can get some clarification there.

I confess I have never understood the idea of owning gold and silver - not in really bad times.

But I truly don't understand buying gold and silver and only getting a piece of paper stating you own it.