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Title: NorFed/LibertyDollar raided by Feds (unconfirmed)
Source: [None]
URL Source: http://libertydollar.org
Published: Nov 15, 2007
Author: Bernard von NotHaus
Post Date: 2007-11-15 12:05:06 by Pinguinite
Keywords: None
Views: 1596
Comments: 14

This by email. Not yet posted on their web site.

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Dear Liberty Dollar Supporters:

I sincerely regret to inform you that about 8:00 this morning a dozen FBI and Secret Service agents raided the Liberty Dollar office in Evansville.

For approximately six hours they took all the gold, all the silver, all the platinum and almost two tons of Ron Paul Dollars that where just delivered last Friday. They also took all the files, all the computers and froze our bank accounts.

We have no money. We have no products. We have no records to even know what was ordered or what you are owed. 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.

But to make matters worse, all the gold and silver that backs up the paper certificates and digital currency held in the vault at Sunshine Mint has also been confiscated. Even the dies for mint the Gold and Silver Libertys have been taken.

This in spite of the fact that Edmond C. Moy, the Director of the Mint, acknowledged in a letter to a US Senator that the paper certificates did not violate Section 486 and were not illegal. But the FBI and Services took all the paper currency too.

The possibility of such action was the reason the Liberty Dollar was designed so that the vast majority of the money was in specie form and in the people’s hands. Of the $20 million Liberty Dollars, only about a million is in paper or digital form.

I regret that if you are due an order. It may be some time until it will be filled... if ever... it now all depends on our actions.

Everyone who has an unfulfilled order or has digital or paper currency should band together for a class action suit and demand redemption. We cannot allow the government to steal our money! Please don’t let this happen!!! Many of you read the articles quoting the government and Federal Reserve officials that the Liberty Dollar was legal. You did nothing wrong. 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.

Please forward this important Alert... so everyone who possess or use the Liberty Dollar is aware of the situation.

Please click _HERE_ to sign up for the class action lawsuit and get your property back!

If the above link does not work you can access the page by copying the following into your web browser. http://www.libertydollar.org/classaction/index.php

Thanks again for your support at this darkest time as the damn government and their dollar sinks to a new low.

Bernard von NotHaus

Monetary Architect

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Begin Trace Mode for Comment # 6.

#4. To: Pinguinite (#0)

I wonder what these people expected to happen when they were competing against the only game in town.

I would bet 10 fiat dollars that it was probably the fact that there was a cache of gold, silver and platinum that could be seized for value. I would also wager that the assumed value of the goods taken will be replaced with regular dollars, and not the actual raw material wealth that was seized.

Hilarious.

TommyTheMadArtist  posted on  2007-11-15   12:20:21 ET  Reply   Untrace   Trace   Private Reply  


#6. To: TommyTheMadArtist (#4)

No, not hilarious.

Norfed has been running for many, many years and its only now that this has happened. Why now? Maybe it has something to do with the fact that the dollar has entered a freefall as of a few months ago. Maybe it has something to do with Ron Paul's popularity and the fact that they just coincidentally obtained 2 tons of Ron Paul coins in.

If they were to replace the stolen property with fiat dollars at face value, it would be a legal admission that the face value of these gold & silver coins is equivelent to their real value, something they simultaneously claim is not true as justification for the raid.

I don't think that's likely to happen. We'll see what charges are leveled as justification for the raid. Or maybe they'll just be declared terrorists and leave it at that.

I have my own criticism for their minting dollar values onto their coins. I think it would be better to avoid that and allow a floating between their coins and the fiat dollar, maybe by minting on it the number of fine grains of silver. But who am I to criticize? 95% of what NotHaus has done I agree with, and he's done a lot more than almost all others.

Pinguinite  posted on  2007-11-15   12:57:05 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 6.

#7. To: Pinguinite (#6)

I would think that you would understand when I say Hilarious, I don't mean the actual event itself, but how laughable the charges must be to have the government seize all the assets of a company when those assets are minted gold, silver, and platinum. The only real reason to seize such a cache, is to procure it for use elsewhere.

I will in fact wager that the coins in question will in fact be replaced by fiat dollars for their face value, thus breaking the back of Norfed.

The timeliness of the Ron Paul Dollar though does indeed strike a chord. I think you're on to something there.

TommyTheMadArtist  posted on  2007-11-15 14:24:07 ET  Reply   Untrace   Trace   Private Reply  


#9. To: Pinguinite (#6)

I have my own criticism for their minting dollar values onto their coins.

That's been one of my biggest problems with them too. Not so much because the stated value is considerably more than the current "value" of the metal itself, but rather because it creates a limiting factor in WHERE they are of stated value. Unless you live in a populous enough place where a reasonable sized "network" of associates and "merchants" which accept them are involved, they are of no higher value than any other gold or silver mintage. I don't live in such an area, so why should I spend $20 for a one ounce silver round when I can get an American Eagle for $17? (And even worse, when I could still get that Eagle for $12, the Liberty would have already been $20)

At any rate, I sure don't think that if they are replaced with "dollars" it will be at FACE value. IF they "replace them" at all in dollars I suspect it will be at MARKET value, and SPOT at that.

innieway  posted on  2007-11-15 15:08:29 ET  Reply   Untrace   Trace   Private Reply  


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