Liberty Dollar creator convicted in federal court

[Dex]

If you bought a Liberty Dollar a couple of years ago it would be worth much more today. Can't say that about the fiat official U.S. dollar; it has significantly fallen in value.
Domestic terrorist? Another nail in the coffin...................
http://www.citizen-times.com/article/20 ... y=nav|head

[grimey]

As the federal government seized the metals backing the currency, they're now worthless, so no, they wouldn't be worth more today.

[azimuthaviation]

These people should be put on notice

http://www.3833.com/files/images/miscel ... 0_cent.jpg

[Dex]

As the federal government seized the metals backing the currency, they're now worthless, so no, they wouldn't be worth more today.

True, but I hope you understood my point.

[Dex]

Its interesting to see what they were charged with - from wiki.

A federal grand jury brought an indictment against von NotHaus and three others in May 2009 in United States District Court in Statesville, North Carolina,[26] and von NotHaus was arrested on June 6, 2009. Bernard von NotHaus is charged with one count of conspiracy to possess and sell coins in resemblance and similitude of coins of a denomination higher than five cents, and silver coins in resemblance of genuine coins of the United States in denominations of five dollars and greater, in violation of 18 U.S.C. § 485, 18 U.S.C. § 486, and 18 U.S.C. § 371; one count of mail fraud in violation of 18 U.S.C. § 1341 and 18 U.S.C. § 2; one count of selling, and possessing with intent to defraud, coins of resemblance and similitude of United States coins in denominations of five cents and higher, in violation of 18 U.S.C. § 485 and 18 U.S.C. § 2; and one count of uttering, passing, and attempting to utter and pass, silver coins in resemblance of genuine U.S. coins in denominations of five dollars or greater, in violation of 18 U.S.C. § 486 and 18 U.S.C. § 2.[26]

essentially charged with counterfeiting.......only the irony is......the counterfeit product was worth equal to or greater than the original product.

[grimey]

Congress is granted power to create/regulate currency under Article 1, section 8. The value of the currency doesn't matter, a private citizen can't issue their own legal tender, which is what this guy was doing.

[Dex]

Congress is granted power to create/regulate currency under Article 1, section 8. The value of the currency doesn't matter, a private citizen can't issue their own legal tender, which is what this guy was doing.

I don't see anything that says Congress on the U.S. dollar. I see something that says Federal Reserve though.

[cdnpilot77]

Coal mining companies used to use this type of currency called "scrip" as a way to force loyalty into their workers by making it impossible to move away and thus the workers were completely dependant on the company for everything in their lives. This is what brought on current currency laws.

An exerpt taken from wikki:

Company scrip was a credit against the accrued wages of employees. In the United States, where everything in a mining or logging camp was run, created and owned by a company, scrip provided the worker with credit when their wages had been depleted. These remote locations were cash poor. Workers had very little choice but to purchase meals and goods at a company store. In this way, the company could place enormous markups on goods in a company store, making workers completely dependent on the company, thus enforcing their "loyalty" to the company. While scrip was a de facto form of currency, employees were rarely paid in scrip.[citation needed] Additionally, while employees could exchange scrip for cash, it was rarely done so at face value. Scrip in this context was valid only within that area or town where it was issued. While store owners in neighboring communities could accept the scrip as currency, they rarely provided a 1 for 1 exchange. This was to avoid the risk of having coins/currency that were worthless anywhere else.

[grimey]

Congress is granted power to create/regulate currency under Article 1, section 8. The value of the currency doesn't matter, a private citizen can't issue their own legal tender, which is what this guy was doing.

I don't see anything that says Congress on the U.S. dollar. I see something that says Federal Reserve though.

Who's authority is granted by an act passed by Congress, as a delegation of the authority granted in the constitution.

[. ._]

That's terrorism?!?!?!

So if I trade a couple of chickens for a case of beer in the U.S.A. I go to Guantanamo?

They're getting crazy down there.

-istp

[square]

istp has it! What this guy's charged with is total bull. People were trading silver for goods, there's nothing illegal about that. On top of that it's what economists all over the world were advising people to do after the meltdown -- put your money into gold and silver so it doesn't all whittle away to inflation. It was obviously a smart move if the coins are worth almost double. If some people decided to use it in trade for goods and services instead of piling it up in the cellar they aren't criminals, trade is legal. Total witch hunt to make the feds feel like they're doing something for the economy, while happily stealing $7 million in the process. And a serious tragedy for the von NotHaus family.

[Beefitarian]

You slaves are pretty lucky. There's no whip anymore and they don't cut off your foot for going to a different company. Oh and if you have extra money instead of paying off your debt you should buy some stocks so you can get rich, this isn't a trick.

Now, get back to work and stop trying to figure out ways to get ahead.

[Driving Rain]

So Crappy Tire is a Criminal terrorist organization too?
It's getting so everything is illegal.

[Beefitarian]

Only in the country the owners live in Driving Rain.

[. ._]

So Crappy Tire is a Criminal terrorist organization too?

Shave Bin Laden's beard and throw a slick tam on him, and that dude on the money is a dead ringer for America's most wanted terrorist, IMHO.

And just remember, if you're a vegan that uses Linux, you're on the watch list.

http://www.fbi.gov/wanted/wanted_terror ... diego/view

Which makes me wonder. Why don't they mention that the other terrorists used Windows, and/or a Mac? I'm sure iPhones have detonated lots of IEDs.

-istp

[grimey]

Because it's a specialized skill and character trait that may help people to identify him.

same reason they say this guy smokes cigars and is a mechanic:

http://www.fbi.gov/wanted/wanted_terror ... d-al-umari

Also, nobody needs skills to use windows or macOS

[. ._]

Also, nobody needs skills to use windows or macOS

BAZINGA!!!!!