September 2011 Archives

Feds May Seize Liberty Dollars

Coin World reports that the feds are looking to seize liberty dollars from collectors and those using the coins instead of inflation-ridden Federal Reserve notes.

Liberty Dollar

Officials with the U.S. Attorney’s Office said on August 24 that the coins are contraband. The Secret Service, the federal agency responsible for confiscating counterfeit money, did not provide any definitive comments concerning under what circumstances Liberty Dollars would be seized, according to Paul Gikes of Coin World.

The coins are illegal even if they are not used for barter, the feds insist. Jill Rose, chief of the August 24 that the Liberty Dollar medallions are confiscable as contraband if they are being exhibited for educational purposes or held privately.

Rose was the lead prosecutor in the Bernard von NotHaus case. Von NotHaus is the creator of the Liberty Dollar. He was convicted by the feds in March on multiple charges involving the alternative currency that competes with fiat money distributed by the privately owned Federal Reserve. During the trial it was determined that Liberty Dollars are counterfeits, contraband and subject to seizure.

Von NotHaus was convicted by a jury after the feds successfully argued that Liberty coins are counterfeits because they include the words “Trust in God,” similar to the words “In God We Trust” on Federal Reserve coins. He faces up to 15 years in jail, a $250,000 fine, and may be forced to give $7 million worth of minted coins and precious metals – weighing 16,000 pounds – to the government.

The prosecution and conviction of von NotHaus was politically motivated. He is the founder of NORFED, the National Organization for the Repeal of the Federal Reserve and the Internal Revenue Code.

Following the verdict against von NotHaus, the government characterized him as a domestic terrorist.

“Attempts to undermine the legitimate currency of this country are simply a unique form of domestic terrorism,” said U.S. Attorney Tompkins. “While these forms of anti-government activities do not involve violence, they are every bit as insidious and represent a clear and present danger to the economic stability of this country,” she added. “We are determined to meet these threats through infiltration, disruption, and dismantling of organizations which seek to challenge the legitimacy of our democratic form of government.” (Emphasis added.)

The Liberty Dollar raid was indistinguishable from “similar raids conducted by Soviet and Chinese communist officials against private businesses operating in those countries,” writes Jacob Hornberger. “Unfortunately, in the post-9/11 world in which we now live, anything goes as far as federal power is concerned. The heavy-handed, perhaps even fraudulent, Soviet-style attack on NORFED is proof-positive of that.”

According to Rose and the government, the Liberty Dollar is “a pyramid scheme imbedded with fraud” that had nothing to do with barter or trade. “Barter is an equal and knowing exchange,” which the Liberty Dollar is not, Rose and the government claim.

Coin World had previously published comments from the U.S. Attorney’s Office in Charlotte stating that while mere possession of Liberty Dollar medallions was not a violation of federal statutes, actual use or intent to use them in the manner for which von NotHaus was convicted would be considered a violation.

Glen Kessler, assistant special agent in charge in North Carolina for the U.S. Secret Service, told Coin World that the Secret Service is “duty-bound to confiscate” Liberty Dollars.

George Ogilvie, the public affairs officer for the federal agency, told the publication the Secret Service had no comment on the matter.

It now appears the feds are moving to criminalize mere possession. Collectors are now at risk, especially if they oppose the Federal Reserve and are politically active.

Article written by Kurt Nimmo
August 30, 2011

How To Make A Difference And Help Improve The Financial System

The rumor of increasing energy and food prices, housing bubble, and the wearing of the U.S. Dollar in the international market are not actually new. However just recently, facts came out that America has been stripped off its popular Credit Rating AAA. Now, America stands at its new rating AA . Although the difference between the two ratings is just marginal, America is one of the most powerful countries in the world. The credit rating denote America’s ability to pay debts and this new rating has truly damaged their trustworthiness.

Looking at the brighter side, it is not yet the end of the world. Everything happens for a reason. And that is for America to rise and to do something about this hardship. On the other hand, the government is not the only one that should be working but also the citizens. If you are a concerned citizen who wishes to make a difference and to help improve the economy, here are some ways that you can do.

Be Positive
Positive approach is driving. It can boost self-esteem. Do not bad mouth your own nation. Instead of bad mouthing your own nation state why not renew your mind and be positive. Bad mind-set can only bring disaster. Keep in mind that words are authoritative and it can either make you or break you. You can start saying, America is a strong country. It can rise and improve.

Don’t Wait For The Government To Act.
Start Managing Your Credit Wisely.

If you wait for the administration to solve your troubles, it can take years. Try solving your own troubles by managing your finances and paying your debts. By that, you are helping your local economy. Learn by heart that intentions alone are not good enough. Be committed.

Believe In The Ripples Effect
If you are a SB owner, you are one of the key players in the state’s financial system. Look for ideas to improve your business. Also, the country is depending on people who buy and sell goods and services. If you wish to help the country, do your part in reinventing your establishment. Your aim should be to make your business booming. Discover lawful ways on where to buy and sell your products and services, you are not just helping yourself, but the people around you as well. Ripples effect – start small and in due time your efforts will grow big.

Learn How To Recycle
To help improve the economy, people are encouraged to recycle. It serves two purposes. By learning how to recycle, you are reaching out not just to the state but to the environment as well. Start with your own homes. Try to use things that are present and are still reusable. Do not splurge and buy items that you will not need.

Plow And Capitalize With Your Own Country’s Products And Services
To avoid layoffs, support the country’s own product and services. Keep in mind that almost every day, people are losing jobs because of the deteriorating financial system. Be concerned and love your own.

Improve Your Health
Health care is one of the major problems in America and so is obesity. If you wish to help your nation, start living healthy. This is for your own good and for your nation as well. By staying fit and healthy, you are decreasing your chances of medical diseases and disorders. Also, you are preventing amount outstanding because being hospitalized can cost a lot of money. To stay healthy and out of debt, live a fortifying lifestyle.

Do not be ungrateful and help your nation improve the financial system. Do your part and consider the tips above. Help your country and make a difference today.

Learn how love can alter history and economy. Is love the key to solving life’s adversities. Find out more and go to see the links today!

Why Gold and Silver are Collapsing

Recent history proves the point that the precious metals markets, especially Silver, is very volatile. In a Kitco Commentary titled “Deflationary Collapse Crushing Gold and Silver“, Jason Hamlin writes:

“Gold is down more than $300 or roughly 16% in the past few weeks. Silver has lost nearly 40% in the same time period and the mining companies have also been hit hard. This decline in precious metals has been driven by funds scrambling for liquidity, the CME hiking margin rates and a stronger U.S. dollar. Many also suspect that the banks helped to manipulate the price lower in order to cover as many of their underwater short positions as possible. JPMorgan and their cohorts control the paper markets and can use their leverage to manipulate the spot price to whatever level they want in the short term. This is done via “stuffing” trades and using a variety of other methods to make the markets believe that there is considerably more selling pressure than actually exists. This is particularly profitable as options expiration is this week and the current smack down will leave most options expiring worthless, in addition to providing an opportunity to exit short positions.

But despite the apparent manipulation, JPMorgan has been woefully unsuccessful at suppressing the price in the long term. After all, gold is still up 25% and silver 40% in the past 12 months!”

France Bans Cash Sales Of Gold & Silver Over $600

Central banks are presumably so frightened that a growing number of citizens are abandoning rapidly devaluing paper currencies and preserving their wealth through precious metals that governments are now cracking down on the anonymous purchase of gold and silver.

Following the Austrian government’s announcement that it was restricting the sales of precious metals to $20,000 a time, an amount which would purchase just 11 ounces, the French authorities have followed suit with an equally draconian new measure to deter people from buying gold and silver.

A recently amended French law states (translation), “Any transaction on the retail purchase of ferrous and non ferrous (metals) is made by crossed check, bank or postal transfer or by credit card, not the total amount of the transaction may not exceed a ceiling set by decree. Failure to comply with this requirement is punishable by a ticket for the fifth class,” going on to confirm that any amount over €450 euros or $600 US dollars “must be paid by bank transfer”.

“According to independent reports the law was passed to curb the illegal sale of stolen metals like copper, steel, etc. Given the rampant rise in thefts of these metals from telephone poles, construction sites and businesses here in the United States, we can certainly see this as a reasonable assessment for why the French passed this law,” writes Mark Slavo.

“However, the fact that no exception was made for gold and silver simply cannot be ignored. The new law effectively makes it illegal to purchase even a single Troy ounce of gold or around 18 ounces of silver in cash.”

$600 USD isn’t even enough to purchase a half ounce of gold. This guarantees that citizens who are trying to transfer their savings over to precious metals will be known to the authorities, leaving them vulnerable to government confiscation of their gold and silver later on down the line, as happened in 1933 under FDR.

Why are central banks and governments in Europe so eager to make it as difficult as possible for citizens to buy precious metals? It’s largely because unlike every other financial commodity, they don’t have the market completely under their control, and cannot tolerate the idea of people having true power over their own economic destiny.

Secondly it’s because the great foundation stone of the globalists’ plan to create a federalized European superstate and the template for a future world currency – the euro – is crumbling amidst the debt crisis that has engulfed the continent. With eurozone members already preparing to abandon the single currency, the last thing the EU wants to see is European citizens of key member states like France doing the same thing by exchanging their euros for gold and silver.

The bottom line is that the central banks which run the world don’t like the slaves owning anything that they can’t manipulate the value of – it undermines their power monopoly.

In a related development, the London Gold Exchange, an international digital currency trader which has over 100,000 members, announced today that it is “permanently closed for business” due to operational difficulties.

The LGE provided a service whereby it exchanged fiat money for digital currencies stored in online user accounts, including c-gold, Liberty Reserve, Pecunix and v-money.

Article written by Paul Joseph Watson
Monday, September 26, 2011