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U.S. govt out to make forms of bartering illegal?

The U.S government may be positioning to establish private currency barter of any sort as an unlawful transaction, pursuant to a recent criminal conviction of Liberty Dollar’s founder Bernard Von NotHaus for “counterfeiting” and “conspiracy,” supposedly intending to illegally mint and replace US currency with a private one using silver and gold-based coins and silver-backed paper dollars.

See – Liberty Dollars Creator Convicted of Federal Crimes

And the US Attorney in charge of von NotHaus’s successful prosecution, is now parlaying the conviction to say that this ruling sets forth a precedent against “…any private barter transactions that use any form of currency besides established Federal Reserve Notes and U.S. minted coins.”

The federal government also is seeking to take permenant receipt of eight tons of silver and gold ($7+ Million dollars) bullion and silver ‘Liberty Dollars’ that were minted and sold by von NotHaus.

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Liberty Dollars Creator Convicted of Federal Crimes

We’ve written a few times over the years about Bernard von NotHaus and his brave alternative currency scheme called Liberty

Bernard von NotHaus

Bernard von NotHaus

Dollars (New Millenium Moolah, LV Tribune 2004 and Give Us Liberty And Give Us Silver! page-11 2006).  Backed entirely by gold and silver, the Liberty Dollars had grown to over $20 million in circulation, the most successful alternate currency of its day.

But alas, the federal government apparently didn’t like the plan and indicted von Nothaus and confiscated everything in sight, in a pre-dawn raid of the company’s Idaho and Indiana facilities, including 9 tons of silver and gold that back the currency.  The charge, you ask?  “Counterfeiting!”

And just last week von Nothaus had his day in court, but despite a very strong trial defense, was found guilty by jurors of multiple counts of criminal fraud and counterfeiting. Jurors came to the unanimous verdict after only two hours of deliberation.

“Attempts to undermine the legitimate currency of this country are simply a unique form of domestic terrorism,” U.S. Attorney Anne M. Tompkins said in a March 18 FBI press release boasting of the verdict.

Doug Hornig at Casey Dispatch writes –

Liberty DollarsVon Nothaus sees himself as a true patriot, offering a product that can function as a citizen’s defense against the ravages of inflation brought on by the systematic debasement of the greenback.

Thus was born his “money,” consisting of silver “rounds” – which are perfectly legal, as opposed to “coins,” which would not be – and certificates redeemable in silver. (There is a smaller number of gold dollars and certs, too.) I have a Liberty Dollar in my hand right now. (Does this make me a potential co-conspirator?) It was minted in 2006, has a face value of $20, and contains an ounce of .999 fine silver. A real bargain at today’s prices.

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