Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Feds Seeking $7M Worth Of Privately-Minted 'Liberty Dollars'

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » General Discussion Donate to DU
 
deminks Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-04-11 07:37 PM
Original message
Feds Seeking $7M Worth Of Privately-Minted 'Liberty Dollars'
http://tpmmuckraker.talkingpointsmemo.com/2011/04/feds_...

Federal prosecutors in North Carolina are attempting to obtain ownership of a stash of privately minted "Liberty Dollars" created by a man convicted last month on conspiracy and counterfeiting charges, according to the The (Spokane, Wash.) Spokesman-Review.

In March, Bernard von NotHaus, 67, was found guilty in North Carolina federal court of a scheme that prosecutors said undermined the value of the U.S. dollar. On Monday, prosecutors moved ahead with forfeiture action targeting $7 million in "Liberty Dollars" and silver bullion seized at a private mint in Coeur d'Alene, Idaho.

(snip)

According to the Spokesman-Review, authorities seized 7 tons of Liberty Dollar coins at the Idaho mint, including "2 tons of freshly minted 'Ron Paul' dollars," coinage stamped with the Texas representative's face.

Michel has said that von NotHaus -- who faces a sentence of up to 25 years in prison and $750,000 in fines -- will appeal the case. He is currently out on bond.

(end snip)

'freshly minted Ron Paul dollars'?
Printer Friendly | Permalink |  | Top
Liberal Veteran Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-04-11 07:53 PM
Response to Original message
1. So the response from the right will be: Oh, those wacky far-right nutjobs!
Had it been a democrat though, the response would be: "They trying to overthrow the gubmint! Terrists!"
Printer Friendly | Permalink |  | Top
 
Adsos Letter Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-04-11 07:53 PM
Response to Original message
2. The news just gets weirder all the time. n/t
Printer Friendly | Permalink |  | Top
 
Art_from_Ark Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-04-11 08:04 PM
Response to Original message
3. "Conspiracy and counterfeiting charges"?
What nonsense. Private minters have been legally making the equivalent of "Liberty dollars" for decades.
Printer Friendly | Permalink |  | Top
 
Commie Pinko Dirtbag Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-04-11 08:24 PM
Response to Reply #3
7. Well, federal prosecutors are not that dumb. They must believe their case is solid.
But you, are, of course, smarter than them. :eyes:
Printer Friendly | Permalink |  | Top
 
Art_from_Ark Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-04-11 08:34 PM
Response to Reply #7
8. I know about coins, and you obviously don't
Edited on Mon Apr-04-11 08:50 PM by Art_from_Ark
I've been a coin collector for 40+ years, and I have seen all sorts of this-and-that "dollars" produced by all sorts of private mints, and it's all been perfectly legal-- even one-ounce silver "rounds" that resemble actual US coins. Unless there was actual intent to produce fake US coins and circulate them as real US coins, then I don't see how the government can make a case for counterfeiting.

Basically, it seems this man was targeted because he was the founder of the National Organization for the Repeal of the Federal Reserve Act. His lawyer also seemed to be not the brightest bulb on the board-- he was supposed to call up to 100 defense witnesses, and only called 10. And instead of making his client's case for several weeks, as had been expected, he presented the case in only 4 days. If NotHaus gets a better lawyer and a change of venue, I wouldn't be surprised if he wins on appeal.
Printer Friendly | Permalink |  | Top
 
girl gone mad Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-04-11 08:11 PM
Response to Original message
4. If people are rejecting the dollar based on its continued weakness..
against foreign currencies, commodities, precious metals, etc., this type of action won't turn the tide.

The only sure way to strengthen a fiat currency is to raise taxes, primarily on the wealthy, and that's something our government refuses to do.
Printer Friendly | Permalink |  | Top
 
L0oniX Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-04-11 08:16 PM
Response to Original message
5. Is this that 2 dollar bill shit that's being advertised on tv?
Printer Friendly | Permalink |  | Top
 
Art_from_Ark Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-04-11 08:55 PM
Response to Reply #5
11. No, this is about the private minting of silver "rounds"
What "2 dollar bill shit" are you referring to?
Printer Friendly | Permalink |  | Top
 
Mariana Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-04-11 08:19 PM
Response to Original message
6. I wonder when other forms of bartering
will be made illegal and will subject the participants to federal charges.
Printer Friendly | Permalink |  | Top
 
roamer65 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-04-11 08:46 PM
Response to Original message
9. The Fed should be found guilty of undermining the dollar.
They're the ones debasing the dollar, not this right-wing nutjob.
Printer Friendly | Permalink |  | Top
 
Art_from_Ark Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-04-11 08:53 PM
Response to Reply #9
10. Agreed
Edited on Mon Apr-04-11 09:07 PM by Art_from_Ark
Just compare what a dollar buys today, versus what it bought in 1970. That isn't the fault of people making silver "rounds".
Printer Friendly | Permalink |  | Top
 
The Northerner Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-05-11 02:36 AM
Response to Reply #9
12. I couldn't agree more
How about a real audit of the Fed for once?
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Mon Jul 28th 2014, 10:29 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » General Discussion Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC