Complaint Review: Federal Bureau Investigation - Washinton D.C. Washington DC

This chart (using government numbers) shows what a poor job the federal reserve has done preserving the value of the dollar. http://goldprice.org/bob/uploaded_images/dollar_USD_Purchasing_Power-753629.gif To David's point, the currencies of other countries (esp 3rd world) have faired even worse. This demonstrates that our crooks are more patient than their crooks. Informed people around the world hold their wealth in gold and silver. In contrast to fed notes, gold and silver have maintained their purchasing power over the same timeframe in spite of increased production (supply) In many 3rd world countries where gold and silver are hard to come by, the U.S. Dollar is the 2nd choice to hold wealth (although not a very good one). The main reason I like liberty dollars is they are made of gold and silver and have the purity and content clearly stamped upon them. This is honest money. Their value depends on no mans promise or printing press. The good news is that it seems that Sam is correct in that the coinage act of 1965 (which removed the silver from U.S. coins) and other government actions since the legal tender cases of the 1880s, including removal from the gold standard in 1933, do indeed free us from being compelled to accept fed notes. I wonder how many people know this. I didn't. But now, I will refuse to accept anymore than I need to pay my USD based debts. (Thanks Sam) random male #45532. I don't understand what you mean by this. I suppose it is some reference to Bernard von NotHaus but I'm not sure. Enjoy holding your fed notes, there's another couple of trillion of them coming down the pipe to keep them company.

"The federal reserve is not part of the government" I'm aware of this, but you'd have a hard time arguing against the fact they are the de facto bank of the U.S. People overseas (esp. in 3rd world countries) hoard what? U.S. dollars, not liberty dollars from some guy. Paper money is not worthless. It's no different than the stuff this guy prints, except it's backed up by much more than some guy's word. You shouldn't have to negotiate the value of money. You ever seen blow? There's a line from that movie that is awesome. "The money isn't real." That applies everywhere. But the paper I have in my pocket is not overvalued, will not collapse anytime soon, and was not printed by random male #45532. Get it?

David, I know what the LDs are worth to me. I track the price of silver. The LD people don't need to tell me anything. Anyone who doesn't understand this shouldn't deal in LDs. I negotiate the price when I buy LDs as anyone is free to do. People are also free to negoiate the value when they accept them as payment. I am willing to pay the spot price of silver plus a markup for stamping out the silver into a beautiful and useful unit, plus a premium to support a model that I believe in. These are the factors that go into my offer. The LD people are free to accept or reject my offer. Again, look at the complaints above and notice that there is not a single one claiming to be scammed by the LD people. The federal reserve is not part of the government (if you think that it is tell me which branch, hint: there are three) They are a group of private bankers. The difference between what they produce and what the LD produces is that the fed dollars are not backed by anything and they are given the stamp of 'legal tender' by the government. This is so people will assign them a value that they otherwise do not warrant. We are on our way to big time inflation with all this bailout money being stamped out. I hope that Sam is right and the 1965 coinage act reverses the legal tender supreme court cases of the late 1800's. Then, I won't be forced to accept fed notes when someone offers them in payment, because I don't want to be stuck holding these things as the value collapses.

You pay $35 for something that is, technically, worth about $15. But they didn't tell you that, now did they? The federal government prints money. Why? So they can keep inflation in check. Look at Zimbabwe. They are printing a 100 TRILLION dollar note. It's value in US dollars? About 3 bucks. They're inflation is guessed at 86 sextillion percent. That's 86, followed by 21 zeros. That's why nobody can print money. The average person's intellect does not fully grasp how complex money is. The people that specialize in the field of economics don't fully understand it. So what makes us think it's reasonable that a man who studied art and architecture in college can assemble a brand new functioning monetary system? He exploits that sucker born every minute.

The "this note is legal tender for ALL debts public and PRIVATE" statement is to differentiate between actual legal currency and (as in my previous example) Monopoly money which is not legal tender. The Coinage Act specifically mentions that you are not required to accept it.

The "this note is legal tender for ALL debts public and PRIVATE" statement is to differentiate between actual legal currency and (as in my previous example) Monopoly money which is not legal tender. The Coinage Act specifically mentions that you are not required to accept it.

The "this note is legal tender for ALL debts public and PRIVATE" statement is to differentiate between actual legal currency and (as in my previous example) Monopoly money which is not legal tender. The Coinage Act specifically mentions that you are not required to accept it.

The "this note is legal tender for ALL debts public and PRIVATE" statement is to differentiate between actual legal currency and (as in my previous example) Monopoly money which is not legal tender. The Coinage Act specifically mentions that you are not required to accept it.

Juilliard v. Greenman was from 1884, the Coinage Act I refered to above which defines legal tender is from 1965 and would superceed anything that happend in the 1800's. And yes Chuck, you can accept wampum beads for payment if you wish. You just can't go around minting your own currency and try to pass it off as real money, no more than Parker Brothers can try and pass Monopoly money off as real money.

Juilliard v. Greenman was from 1884, the Coinage Act I refered to above which defines legal tender is from 1965 and would superceed anything that happend in the 1800's. And yes Chuck, you can accept wampum beads for payment if you wish. You just can't go around minting your own currency and try to pass it off as real money, no more than Parker Brothers can try and pass Monopoly money off as real money.

Juilliard v. Greenman was from 1884, the Coinage Act I refered to above which defines legal tender is from 1965 and would superceed anything that happend in the 1800's. And yes Chuck, you can accept wampum beads for payment if you wish. You just can't go around minting your own currency and try to pass it off as real money, no more than Parker Brothers can try and pass Monopoly money off as real money.

Juilliard v. Greenman was from 1884, the Coinage Act I refered to above which defines legal tender is from 1965 and would superceed anything that happend in the 1800's. And yes Chuck, you can accept wampum beads for payment if you wish. You just can't go around minting your own currency and try to pass it off as real money, no more than Parker Brothers can try and pass Monopoly money off as real money.

Well Sam, I was soooo happy to read your retort then I found this case: Juilliard v. Greenman Bummer. looks like they CAN force these crappy depreciating fed notes on me after all even for private transactions. I also noticed the legal tender notice on my dollar bill This note is legal tender for ALL debts public and PRIVATE Crooks.

If that's true that settles it then. I'm not going to accept fed notes anymore. I would urge anyone out there to do the same. From this point forward I will accept only silver or gold as payment due me. (This includes Liberty Dollars and American Silver Eagles). Thanks Sam for setting us free :-)

"The government has given the Federal Reserve Notes (Greenbacks) the designation of 'legal tender'. This means that anyone who refuses them for a U.S. Dollar based debt is violating the law and can be sent to jail." WRONG!! More misinformation from you, you are NOT required to accept US dollars. From the US Treasury website: "The Coinage Act of 1965, specifically Section 31 U.S.C. 5103, entitled "Legal tender," which states: "United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues." This statute means that all United States money as identified above are a valid and legal offer of payment for debts when tendered to a creditor. There is, however, no Federal statute mandating that a private business, a person or an organization must accept currency or coins as for payment for goods and/or services. Private businesses are free to develop their own policies on whether or not to accept cash unless there is a State law which says otherwise. For example, a bus line may prohibit payment of fares in pennies or dollar bills. In addition, movie theaters, convenience stores and gas stations may refuse to accept large denomination currency (usually notes above $20) as a matter of policy." Next answer please!

It has to be asked again I guess... why are you accepting these inferior 'greenbacks' as payment then? You, yourself state they are no good. ANSWER: Because I am forced to accept them. The government has given the Federal Reserve Notes (Greenbacks) the designation of 'legal tender'. This means that anyone who refuses them for a U.S. Dollar based debt is violating the law and can be sent to jail. The Liberty dollar on the other hand, is not legal tender and is accepted voluntarily. I try to accept as few Fed Notes in payment as I can. I have already told my boss that I will work for $4 an hour if he pays me in American Silver Eagle one dollar coins. These are produced by the U.S. Mint (which unlike the federal reserve, IS part of the government) and are denominated at one dollar. These are also legal tender but, unlike the Fed Notes, are an example of honest money because they are backed by something more than empty promises and a stack of debt. http://www.usmint.gov/mint_programs/american_eagles/index.cfm?Action=american_eagle_silver I am glad that you are interested in this. We need more people who are

why are you accepting these inferior 'greenbacks' as payment then? You, yourself state they are no good.

I bought my $20 liberty dollars in bulk 3 years ago for $18 each. I just sold some for $27 each. Had I kept that money in greenbacks, I would still have $18 and it would buy less. Many other Liberty Dollars I spent as $20. I always made sure that the person receiving them knew exactly what they were. When I explained it to them I would put a $20 fed note on the counter along with a $20 Liberty Dollar and give them the choice of which one to accept. The results were about even but the people who took the liberty dollar later told me how glad they were to have done so. The liberty dollar is not now and has never been legal tender. It has never been advertised as such and never will be. Silver speaks for itself and does not need a government to put a 'legal tender' stamp on it to make it have value. Those of you who are critical of the Liberty Dollar, look at the posts here and notice the absence of people who purchased Liberty Dollars and regretted it. The liberty dollar is fundamentally a superior currency to the non-government federal reserve notes.

This website wants us to purchase these coins and pay with U.S. legal currency. Why do they want U.S. currency if it is useless, why not have us pay with silver or gold? Here's what I found on the website. "The $10 1 ounce Type 3 Silver Liberty was issued at the $10 Silver Base. It is dated 1999 on the reverse with the USA obverse. This was the first minting to contain "Trust in God" on the obverse. The reverse is the same die design used on the 1998 Type 2 design. Shipped in a protective capsule. Limit one per person." So what I am understanding from this is: we are to pay $50.00 of useless U.S. legal tender for a $10.00 silver coin? Also, not "Limti one per person". "The new one ounce $50 Silver Liberty in Brilliant Uncirculated condition measures 39mm, with MSRP, PVBC and Notice on the reverse in pure .999 fine silver. Sign up to be a Liberty Associate to get it at a discount and use it at a profit." On this one the price is $50.00 for one ounce, todays silver price is $10.40 per ounce up from $9.83 yesterday. So, the cost of these coins ar'e basically 5 x's the value of the metal it contains, however we can pay for them with our useless U.S. legal tender! Whow! What a deal! My question is why does this company want our useless money in exchange for their valuable money? As for their return policy, it appears they will give a refund based on what they think the coins are worth when returned. Here is their policy: "Any product may be returned for full refund within 30 days. Market driven products may be repriced to market value. Please call us at 888.421.6181 for shipping instructions for any item of value over $100. You may also email us at [email protected]." (note, you have 30 days for a refund, but it may be over 30 days for you to receive the coins! oops! lol) :) NOTE: The website does limit per order on some coins. copy and paste from site: (limit 3) (limit 5) Limit one per person

Find out the truth regarding the Liberty Dollar: http://www.libertydollarofsanjose.com/currency_chap1.html Not an MLM Never more than a 100% profit at any time in its 10 year history. Not on TV Not fraudulent, debt-backed, fiat-money Honest Money Physical Gold, Silver, and Copper Local Money Over 100,000 users (theft victims) Free-Market Money Fully operating post-raid since January of 2008, and still going strong The Liberty Dollar - Change the Money, Change the World

I remember hearing an ad for those liberty dollars, years ago on a local radio station. At the time, the spot price of silver was around 5 dollars per oz. The sellers were assigning a value of around $20, which was about 4 times the spot price of silver. I seem to remember the liberty dollar was around an oz of silver which I thought kind of odd cuse you're inflating the liberty dollar almost 400 percent OVER it's actual worth or value, kind of like what the us government is doing with the greenback. Go back to the years of 1933 and 1964, of the gold or silver certificate and a dollar WAS actually backed up by a metal. Now if a person wants to buy gold or silver and pay a SMALL premium over the spot price, that's ok. You can always buy and sell you gold and silver for a bunch of useless greenbacks(FRNs).

It seems that you have to buy Liberty dollars with the current U.S. backed dollars, or that's the impression I get from their website. Why would anyone sell something of value in return for something even they themselves claim has NO value? Could it be... no, it couldn't, right? http://www.libertydollar.org/catalog/product_info.php?products_id=266&osCsid=93vsqq0hdfpn65gjuf527opls2 Enquiring minds want to know...

KBDI DENVER AARON RUSSO DOCUMENTARY, and reading the info, & then WATCHING the documentary!!!!!!!!!!!!!!!!!!!!!!!!! It's that simple!!! Mr. Russo DOCUMENTED what is really happening in America!!! However, MOST Americans are still asleep, and continue to watch 'American Idol'. Too bad for them!!!!!!!!!!!!!!!!!!!!!

I became involved with the Liberty Dollar in 2001, after reading Creature From Jekyll Island by G. Edward Griffin. G.E.G. renders a call to action in the final chapter, wherein he challenges someone to create a monetary metal backed currency system which can replace the Federal Reserve System. Why does the Federal Reserve need to be replaced? Again, I encourage you to read the aforementioned book, which will explain in excruciating detail the mechanism whereby the current fiat, Federal money is produced. Suffice to say: The Federal Reserve is a consortium of private banks whose enormous profit is accrued via interest resultant from lending "money" to the treasury in order to print dollar bills, finance wars, bailout mortgage companies, and pacify welfare recipients, among myriad other expenditures perceived as necessary in order to keep the wheels of government oiled and moving. Because the Federal Reserve Note Currency (FRN) is not backed by any tangible assets, there are virtually no restrictions to the production of that money, which leads to inflation. Inflation is the devaluation of a currency, the Federal Reserve System was designed to use inflation, and the system has indeed succeeded by devaluing a U.S. Dollar (FRN) by over 96% since the Feds inception in 1913. Further, we now have a Federal Reserve Chief named Ben Bernanke who has stated that he embraces inflation, and whose first order of business was to stop publishing the M3 report. The M3 report(ed) the amount of Federal currency in circulation. Remember, the more FRNs you print, the faster the value decreases. Thus, when I came to the realization that the Federal Reserve System is the greatest flim-flam scam in the history of mankind, I decided to begin investing in silver and gold. Along the way, I discovered The Liberty Dollar, which is not an investment, but instead a currency system which was designed to demonstrate the devaluation of the FRN by using the monetary metals gold, silver and copper, emulating and even exceeding the original monetary standards as delineated in the Constitution and original Coinage Act of 1792. The REAL MONEY Liberty Dollar has proven a worthy adversary to the Federal Reserve scam, and behaving like any desperate, dying beast, the failing Fed has lashed out at the Monetary Alpha Male that The Liberty Dollar represents. The Liberty Dollar has been ransacked, and along with thousands of other good Americans, a significant portion of my personal assets has been stolen. But We the People, as individuals, will prevail, and the Liberty Dollar will return. The Federal Reserve meltdown has reached critical levels, and appropriately, at this time when the Liberty Dollar could greatly assist many Americans in obtaining money that retains its value, the Federal Reserve has used its vast economic resources to strategically eliminate the only viable alternative. Until the Liberty Dollar returns, We the People are stuck with the same RAPIDLY devaluing Federal money that foreign nations are dumping for the Euro, the Yen, and the Chinese Yuan, while many Americans are scrambling to obtain gold and silver before the Federal Reserve Currency reaches its true value: ZERO! The Liberty Dollar is American money, made by Americans for the benefit of Americans.

Bernard von NotHaus ,Monetary Architect: Yeah, right! Dollar coins made out of copper? Gold coins priced per ounce way over spot? A whole lot of paper currency issued. (just like the Fed currency of which they are so critical) . This whole "Liberty Dollar" scheme is totally unregulated and must be valued as per its architects word. If all of their issued "currency" was indeed coined of metal worth its face value, it would be of sound principle. It absolutely is NOT, however. . I am not prepared to cast any aspersions upon the whole scheme. That said, however, it could be the basis of a major fradulent, but quite profitable endeavor. I said COULD BE. Personally, I would not convert anything beyond the money orders and checks I receive from Niarobi and Romania into "Liberty Dollars". . Uhhh.....sorry. I guess that could be interpreted as an aspersion, after all.

A|ex Tyrone, Georgia U.S.A. i'm confused so it's illegal to use gold and silver as currency? -a|ex Not according to the Constitution.

Tim- Seriously, it's people like you that make me worry about out society in general. Your response shows misunderstanding as well as ignorance. Follow along. You said: "This whole thing is about as ridiculous as the 'limit 5 per caller' mumbo-jumbo at the end of the commercials for these things." These "things" you are referring to and the "things" that this ripoff report is filed for are two seperate "things". YOU are referring to the commemorative "coins" that are usually offered through the Franklin Mint. The Liberty Dollar silver rounds were not sold through infomercials and there are no limits to how many you could purchase. You said: "First, the Constitution grants the federal government the exclusive right to manufacture currency. By creating your own currency and then proclaiming that it's legal tender, you are violating the supreme law of the land." You are misquoting the Constitution. Same as the US Mint did, as well as pretty much every report on the situation. Let's check the section you are referring to: Article I, section 1, subsection 8 The Congress shall have power.... ....To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures; The Constitution isn't granting exclusive power, it's granting permission to Congress to coin money. The power to coin money is a power of the people. You said: "Second, the whole 'gold backed' dollar thing worked great for the small economy we had going up until around the turn of the century. It would now require SO much gold to back every dollar out there that the concept is kind of ridiculous." You are assuming that gold would be needed to back out current circulating Federal Reserve Notes. This is an impossible feat as there are more notes circulating than there is gold and silver in the world. And therein lies the problem. Without limitation, the Federal Reserve is allowed to print an unlimited supply of notes. The government can spend spend spend, and nothing can stop them. How many BILLIONS have been created for the war again? With a gold and silver backed currency, there is limited funding. And limited spending. You said: "Now, our money is backed by the economy itself, the products that we have created, etc. There are many reasons to fear the decline of the value of an American dollar, but the lack of a giant vault of gold isn't one of them." treasury.gov/education/faq/currency/legal-tender.shtml Federal Reserve notes are not redeemable in gold, silver or any other commodity, and receive no backing by anything This has been the case since 1933. The notes have no value for themselves, but for what they will buy. In another sense, because they are legal tender, Federal Reserve notes are "backed" by all the goods and services in the economy. If you really believe that the notes are "backed" by the economy, go ahead. The economy is going in the toilet...so are FRNs. You said: "...Further, by creating your own money and claiming that it is legal tender, you are basically engaging in counterfeitting. Property was seized and what not because that's what happens in EVERY counterfeitting case. Why should you be allowed to use all of this ill-gotten wealth to defend yourself against the DOJ?..." 1. Liberty Dollar has never claimed what they created was legal tender. 2. USC Title 18 Section 471. Obligations or securities of United States Whoever, with intent to defraud, falsely makes, forges, counterfeits, or alters any obligation or other security of the United States, shall be fined under this title or imprisoned not more than 20 years, or both. 3. counterfeit 1) adj. describing a document, particularly money, which is forged or created to look real, and intended to pass for real. 2) v. to criminally forge or print a false copy of money, bonds, or other valuable documents, intending to profit from the falsity. 3) n. shorthand for phoney money passed for real. You'd have to be completly ignorant to believe Liberty Dollars are counterfeit of "real" money...or more correctly, CURRENT money. You said: "In my opinion, whoever started this gimmick knew that this 'currency' was NEVER going to actually replace the dollar. He just found a quick way into suckering a few people into buying his products." It was never intended to replace the dollar. It's a private currency like Ithaca HOURS, Bay Bucks, Bershire Bread, etc etc. Wake up dude.

We the People with The Constitution for the united States of America enumerated power to "coin money and control the the value thereof" to the Congress and we prohibited the states from "coining money". We told the states that they could not make anything but gold and silver legal tender in their state. We did not tell the people they could not coin money. We did not tell the people they have to honor the states's declared "legal tender" or the FED's declared "legal tender". Legal tender is a statement or a declaration of what the State or the FED will accept in their dealings. They have no right to declare what We the People must accept. Jerry

so it's illegal to use gold and silver as currency? -a|ex

Article 1, Section 8 of the US Constitution says, among other things, that the US Congress shall have the power (NOTE: It does NOT say Liberty Dollar's home office): To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures; To provide for the Punishment of counterfeiting the Securities and current Coin of the United States... So therefore, darlin', what you were doing was passing off souvenier coins as legal tender, which is illegal, and which is counterfeiting. I laughed outloud when I read of the raid. I don't say this often, but GO FBI!

The Constitution clearly gives the Federal Govt power to coin money but NOT any MONOPOLY. READING is easy try it. IF what you say were true we would not have a LONG HISTORY of PRIVATE money in this country, But we DO. not to mention we'd not have UPS and Fedex if Govt granted powers were "monoplistic". THINK. And for you to say Liberty Dollar "concept is kind of ridiculous." belays the point that FREE people in a FREE country should be FREE TO CHOOSE without Mr Big Bro, or a Fascist Govt saying we should not have simple freedom like what to trade with. WHO annointed YOU our Daddy??? As to your comment "fear the decline of the value of an American dollar, but the lack of a giant vault of gold isn't one of them." IF they REALLY have Nothing to FEAR, WHY pick on a teeny tiny $2 million dollar a year business that sells silver money?? The TRUE THREAT to the USA Financial system our the BILLIONS Of dollars of Fraud by Wall St and Govt !!! NOT our couple million bucks in SILVER. They FEAR and HATE HONEST money, face it. This raid PROVES IT. And as to your charge "Further, by creating your own money and claiming that it is legal tender," DUH, Liberty Dollar is PLASTERED with clear HONEST repeated warnings that it is NOT LEGAL TENDER, it is BETTER Than Legal Tender. Legal Tender simply says the money is so bad we need a law to help it. (not to mention, the Dept of Treasury's own website's #1 FAQ reiterates that legal tender laws do NOT force one to accept it UNLESS settling a previous agreed DEBT that was MADE in that legal tender!) As to your claim "Property was seized and what not because that's what happens in EVERY counterfeitting case." there are multiple problems, ONE Liberty Dollar was NOT CHARGED with ANY CRIME. and most likely never will be. because there is no such law. And Counterfiting is COPYING. Silver can not copy silver (law dicitonary defines REAL money AS SILVER) and the medalions look nothing like ANY US or foriegn "COIN" (except maybe to a blind idiot) I'm sure it was a coincidence they were raided the day there were to start shipping Campaign material for a canditate the GOVT HATES. which also was the day we were to ship tokens that said "STOP THE WAR", taking those tokens is NOT ABOUT MONEY. IT IS about hating the United STates FIRST ADMENDMENT FREE SPEECH RIGHTS. We need people in Govt who RESPECT OUR CONSTITUTION. not TRAITORS THAT HATE IT! Dave

He does not need a clue, he has his money which is more than I can say for the people involved in this PONZI (sec.gov/answers/ponzi.htm) type scheme. Notice of course that the original posting did not even have the writers first name, a real sign of confidence.

No one was forced to take these notes, it was purely voluntary. However a lot of rebates and refunds are received via a visa or mastercard gift card. If anything they violate the "current money" law. They are specifically advertised as an alternative currency and in a lot of cases you are forced to use it as such if you want your money back. The constitution does not say the federal government has the "exclusive" right to make coins or currency. In fact the constitution specifically states otherwise because it says the states must use gold or silver. The States are not the federal government. Instead of being an intolerant nut job get your facts straight.

This whole thing is about as ridiculous as the "limit 5 per caller" mumbo-jumbo at the end of the commercials for these things. First, the Constitution grants the federal government the exclusive right to manufacture currency. By creating your own currency and then proclaiming that it's legal tender, you are violating the supreme law of the land. Second, the whole "gold backed" dollar thing worked great for the small economy we had going up until around the turn of the century. It would now require SO much gold to back every dollar out there that the concept is kind of ridiculous. Now, our money is backed by the economy itself, the products that we have created, etc. There are many reasons to fear the decline of the value of an American dollar, but the lack of a giant vault of gold isn't one of them. Further, by creating your own money and claiming that it is legal tender, you are basically engaging in counterfeitting. Property was seized and what not because that's what happens in EVERY counterfeitting case. Why should you be allowed to use all of this ill-gotten wealth to defend yourself against the DOJ? In my opinion, whoever started this gimmick knew that this "currency" was NEVER going to actually replace the dollar. He just found a quick way into suckering a few people into buying his products.

This whole thing is about as ridiculous as the "limit 5 per caller" mumbo-jumbo at the end of the commercials for these things. First, the Constitution grants the federal government the exclusive right to manufacture currency. By creating your own currency and then proclaiming that it's legal tender, you are violating the supreme law of the land. Second, the whole "gold backed" dollar thing worked great for the small economy we had going up until around the turn of the century. It would now require SO much gold to back every dollar out there that the concept is kind of ridiculous. Now, our money is backed by the economy itself, the products that we have created, etc. There are many reasons to fear the decline of the value of an American dollar, but the lack of a giant vault of gold isn't one of them. Further, by creating your own money and claiming that it is legal tender, you are basically engaging in counterfeitting. Property was seized and what not because that's what happens in EVERY counterfeitting case. Why should you be allowed to use all of this ill-gotten wealth to defend yourself against the DOJ? In my opinion, whoever started this gimmick knew that this "currency" was NEVER going to actually replace the dollar. He just found a quick way into suckering a few people into buying his products.

This whole thing is about as ridiculous as the "limit 5 per caller" mumbo-jumbo at the end of the commercials for these things. First, the Constitution grants the federal government the exclusive right to manufacture currency. By creating your own currency and then proclaiming that it's legal tender, you are violating the supreme law of the land. Second, the whole "gold backed" dollar thing worked great for the small economy we had going up until around the turn of the century. It would now require SO much gold to back every dollar out there that the concept is kind of ridiculous. Now, our money is backed by the economy itself, the products that we have created, etc. There are many reasons to fear the decline of the value of an American dollar, but the lack of a giant vault of gold isn't one of them. Further, by creating your own money and claiming that it is legal tender, you are basically engaging in counterfeitting. Property was seized and what not because that's what happens in EVERY counterfeitting case. Why should you be allowed to use all of this ill-gotten wealth to defend yourself against the DOJ? In my opinion, whoever started this gimmick knew that this "currency" was NEVER going to actually replace the dollar. He just found a quick way into suckering a few people into buying his products.

This whole thing is about as ridiculous as the "limit 5 per caller" mumbo-jumbo at the end of the commercials for these things. First, the Constitution grants the federal government the exclusive right to manufacture currency. By creating your own currency and then proclaiming that it's legal tender, you are violating the supreme law of the land. Second, the whole "gold backed" dollar thing worked great for the small economy we had going up until around the turn of the century. It would now require SO much gold to back every dollar out there that the concept is kind of ridiculous. Now, our money is backed by the economy itself, the products that we have created, etc. There are many reasons to fear the decline of the value of an American dollar, but the lack of a giant vault of gold isn't one of them. Further, by creating your own money and claiming that it is legal tender, you are basically engaging in counterfeitting. Property was seized and what not because that's what happens in EVERY counterfeitting case. Why should you be allowed to use all of this ill-gotten wealth to defend yourself against the DOJ? In my opinion, whoever started this gimmick knew that this "currency" was NEVER going to actually replace the dollar. He just found a quick way into suckering a few people into buying his products.

The low value of the dollar is killing you right now ain't it? Can't scam money that people are holding on to and your business theory backfires when the dollar is strong.