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FBI Busts Mastermind Criminal For Issuing Silver Currency, Demanding Repeal Of Fed And IRS; Faces 15 Years In Prison

Tyler Durden's picture


The FBI, which apparently has no major criminals to pursue, is now busting those who are preparing for the dollar's imminent destruction. Bernard von NotHaus, head of the National Organization for the Repeal of the Federal Reserve and Internal Revenue Code, commonly known as NORFED and also known as Liberty Services (his website can, or rather could, be seen here), which since 1998 has been issuing silver coins as a replacement for the relentlessly devaluating US currency, was convicted today by a federal jury of
making, possessing, and selling his own coins. "
Following an eight-day trial and less than two hours of deliberation,
von NotHaus, the founder and monetary architect of a currency known as
the Liberty Dollar, was found guilty by a jury in Statesville, North
Carolina, of making coins resembling and similar to United States coins;
of issuing, passing, selling, and possessing Liberty Dollar coins; of
issuing and passing Liberty Dollar coins intended for use as current
money; and of conspiracy against the United States." The devious scheme for which von NotHaus faces up to 15 years jail time: "NORFED’s purpose was to mix Liberty Dollars into
the current money of the United States. NORFED intended for the Liberty
Dollar to be used as current money in order to limit reliance on, and
to compete with, United States currency."
In other words make the US currency less credible. We are confident the Chairsatan will take this shining example of what happens to "counterfeiters" of US currency to heart, and promply proceed to release another cool trillion in green 75% cotton/25% linen products, forcing US jails to promptly fill up with millions of subversive elements who no longer wish to interact with the former reserve currency.

From the FBI

Defendant Convicted of Minting His Own Currency

NC—Bernard von NotHaus, 67, was convicted today by a federal jury of
making, possessing, and selling his own coins, announced Anne M.
Tompkins, U.S. Attorney for the Western District of North Carolina.
Following an eight-day trial and less than two hours of deliberation,
von NotHaus, the founder and monetary architect of a currency known as
the Liberty Dollar, was found guilty by a jury in Statesville, North
Carolina, of making coins resembling and similar to United States coins;
of issuing, passing, selling, and possessing Liberty Dollar coins; of
issuing and passing Liberty Dollar coins intended for use as current
money; and of conspiracy against the United States. The guilty verdict
concluded an investigation which began in 2005 and involved the minting
of Liberty Dollar coins with a current value of approximately $7
million. Joining the U.S. Attorney Anne M. Tompkins in making today’s
announcement are Edward J. Montooth, Acting Special Agent in Charge of
the FBI, Charlotte Division; Russell F. Nelson, Special Agent in Charge
of the United States Secret Service, Charlotte Division; and Sheriff Van
Duncan of the Buncombe County Sheriff’s Office.

According to the
evidence introduced during the trial, von NotHaus was the founder of an
organization called the National Organization for the Repeal of the
Federal Reserve and Internal Revenue Code, commonly known as NORFED and
also known as Liberty Services.
Von NotHaus was the president of NORFED
and the executive director of Liberty Dollar Services, Inc. until on or
about September 30, 2008.

Von NotHaus designed the Liberty Dollar
currency in 1998 and the Liberty coins were marked with the dollar sign
($); the words dollar, USA, Liberty, Trust in God (instead of In God We
Trust); and other features associated with legitimate U.S. coinage.
Since 1998, NORFED has been issuing, disseminating, and placing into
circulation the Liberty Dollar in all its forms throughout the United
States and Puerto Rico. NORFED’s purpose was to mix Liberty Dollars into
the current money of the United States. NORFED intended for the Liberty
Dollar to be used as current money in order to limit reliance on, and
to compete with, United States currency.

In coordination with the
Department of Justice, on September 14, 2006, the United States Mint
issued a press release and warning to American citizens that the Liberty
Dollar was “not legal tender.” The U.S. Mint press release and public
service announcement stated that the Department of Justice had
determined that the use of Liberty Dollars as circulating money was a
federal crime.

Article I, section 8, clause 5 of the United States
Constitution delegates to Congress the power to coin money and to
regulate the value thereof. This power was delegated to Congress in
order to establish and preserve a uniform standard of value and to
insure a singular monetary system for all purchases and debts in the
United States, public and private. Along with the power to coin money,
Congress has the concurrent power to restrain the circulation of money
which is not issued under its own authority in order to protect and
preserve the constitutional currency for the benefit of all citizens of
the nation. It is a violation of federal law for individuals, such as
von NotHaus, or organizations, such as NORFED, to create private coin or
currency systems to compete with the official coinage and currency of
the United States.

Von NotHaus, who remains free on bond, faces a
sentence of up to 15 years’ imprisonment on count two of the indictment
and a fine of not more than $250,000.
Von NotHaus faces a prison
sentence of five years and fines of $250,000 on both counts one and
three. In addition, the United States is seeking the forfeiture of
approximately 16,000 pounds of Liberty Dollar coins and precious metals,
currently valued at nearly $7 million. The forfeiture trial, which
began today before United States District Court Judge Richard Voorhees,
will resume on April 4, 2011 in the federal courthouse in Statesville.
Judge Voorhees has not yet set a date for the sentencing of von NotHaus.

to undermine the legitimate currency of this country are simply a
unique form of domestic terrorism,” U.S. Attorney Tompkins said in
announcing the verdict. “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.”

case was investigated by the FBI, Buncombe County Sheriff’s Department,
and the U.S. Secret Service, in cooperation with and invaluable
assistance of the United States Mint. The case was prosecuted by
Assistant United States Attorneys Jill Westmoreland Rose and Craig D.
Randall, and the forfeiture trial is being prosecuted by Assistant
United States Attorneys Tom Ascik and Ben Bain Creed.


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Sat, 03/19/2011 - 12:42 | 1075383 Rahm
Rahm's picture

Conspiracy against the U.S.?  WTF?  Chairsatan is the one who fits that description.

We are well past the welcome point to Bizarro World.

Sat, 03/19/2011 - 12:42 | 1075403 Cistercian
Cistercian's picture

 This case and alenikov pretty much tells us what Justice we can expect.




Sat, 03/19/2011 - 12:45 | 1075420 Rahm
Rahm's picture

Interesting quote:

“Attempts to undermine the legitimate currency of this country are simply a unique form of domestic terrorism,”

How many times has Geitner (among others), publically done this exact thing?  So according to US Attorney Tompkins own words, Geitner is a domestic terrorist. 

Sat, 03/19/2011 - 12:56 | 1075451 truont
truont's picture


Sat, 03/19/2011 - 12:57 | 1075453 dark pools of soros
dark pools of soros's picture

who was on that jury??    Blythe? Lord Blankcheck? Timmy & Ben?

Sat, 03/19/2011 - 13:03 | 1075484 Misean
Misean's picture

As with most jury trials, government slugs.

Sat, 03/19/2011 - 13:23 | 1075593 zaknick
zaknick's picture

The American people have approved, abetted and carried out the INjustice disseminated domestically and worlwide of the 666 bankster elites.

The "judicial system" has been bought and paid for even with its own Orwellian beliefs and words since about the same time as the federal reserve was created, the income tax instituted, and Woodrow Wilson's "progressives" took command of this country's psyche by always appealing to their lower instincts. Whether it is the inbred racism against black people (African-American in Orwell speak to you) or the bomb, bomb Libya game. This country has forgotten what war in your country really is and, God willing, shall be reminded here shortly when the banksters' turns the guns on you useless eaters. More specifically, increasingly burdensom overhead to their crumbling empire.

I am the voice of your doom.

lmao... It's true and it is a God given, sweet merciful justice (your demise).

Thank you, Lord but I still miss my beautiful, extremely peaceful country.

Sat, 03/19/2011 - 13:33 | 1075666 66Sexy
66Sexy's picture

loaded jury. i'd like to see where they originated; i would wager an investigation shows they were not randdomly selected without bias from the population.

Sat, 03/19/2011 - 15:44 | 1076122 cosmictrainwreck
cosmictrainwreck's picture

Statesville, NC pop 20,000....all of 'em red-blooded Amerikans

Sat, 03/19/2011 - 16:53 | 1076448 MachoMan
MachoMan's picture

Jesus christ people...  Please just accept that your fellow citizens (a jury of your peers) are sometimes hopelessly out to sea.  The system is designed to work the vast majority of the time...  it does have its flaws...  aside from the fact that this dinglehopper may very well be guilty of the crimes...  (the jury verdict against him notwithstanding).  If you have a problem, at least weave your conspiracy theory around the system itself or the particular laws involved...  the prosecuting authorities...  but please do not make up a bunch of bullshit about the prosecutor's dream team jury...  If you have some articulable proof, please share it...  otherwise, this is ridiculous and I will gladly take you up on your wager.

Sat, 03/19/2011 - 21:39 | 1077353 FEDbuster
FEDbuster's picture

Just try using a one ounce gold eagle to buy a .99 cent taco and see what happens:

BTW there are a few local stores in my area taking 90% silver coins for goods based on metal value.


Sun, 03/20/2011 - 09:04 | 1078337 SWRichmond
SWRichmond's picture

...Wilson's "progressives" took command of this country's psyche by always appealing to their lower instincts.

+1 Trillion

The main ones being, Fear and Envy

Sun, 03/20/2011 - 10:14 | 1078489 nmewn
nmewn's picture

I assume he will appeal the outcome.

It is interesting that the prosecution would cite as the foundation for it's case the very Constitution which gives only Congress the power to coin money...which it abdicated to the private Fed (which it Constitutionaly does not have the power to do, as it is not theirs to give or take away).

In essence, the state has prosecuted a private individual for doing the same thing they did...the only thing that jumps out at me on a counterfeiting charge is he used the dollar sign and the words USA...which can easily be mis-construed as "legal tender"...leaving aside the larger issue of duplicity.

That is, they did not change the Constitution by calling for a Constitutional Convention in order to abdicate their responsibility to coin the nations money, they merely passed a law as if it were a Constitutional Congress...two separate things I think.

Mon, 03/21/2011 - 08:53 | 1081210 SWRichmond
SWRichmond's picture

The (federal DA) lady doth protest too much, methinks.


Sat, 03/19/2011 - 13:22 | 1075597 GrouchoNotKarl
GrouchoNotKarl's picture

It's sad the American people don't practice jury nullification. No matter what law someone breaks if a jury believes the law is unjust then no conviction.

Sat, 03/19/2011 - 13:36 | 1075671 alien-IQ
alien-IQ's picture

Absolutely right. The fact that a jury are never instructed of their right to do that is in and of itself quite a telling trait of our "justice" system.

And also...the jury deliberated for just "two hours"? WTF???????????

Sat, 03/19/2011 - 17:02 | 1076483 MachoMan
MachoMan's picture

Depends on the court...  and, further, depends on the counsel...  I hope the defense attorney at least made the jury aware during closing...  just a friendly reminder.

But, if you don't want to get busted for minting your own currency that competes with the dollar, then do not try and pass off your coins as substitutes...  how is it that apmex coins or other silver coins are perfectly permissible?  It's not magic...  don't put $, dollar, etc. on them...  simple as that.  The act of making silver coins is not illegal... 

Sat, 03/19/2011 - 20:11 | 1077134 alien-IQ
alien-IQ's picture

Many attorneys and judges view jury nullification as an affront to their powers as judges and attorneys therefore you will rarely (if ever) find an attorney or judge who will condone it let alone encourage it.

It really is fucked up beyond description. And, when you realize it is our right to such action and we are deprived of is maddening that judges and attorney take such an attitude towards it.

However...that's not to say that jury nullification has not played a role in a few high profile cases. Most notably, Oliver North and Marion Barry. How do you like them apples?:-(

Sun, 03/20/2011 - 10:12 | 1078485 DiverCity
DiverCity's picture

Sorry, your notable meter is a little out of whack.  The most notable is the O.J. Simpson case.


Tue, 03/22/2011 - 13:58 | 1086589 MachoMan
MachoMan's picture

I thought the acquittal of the officers beating rodney king was a pretty obvious nullification too...

Sat, 03/19/2011 - 14:09 | 1075805 Miss anthrope
Miss anthrope's picture

ARE THERE any organizations that are producing television and other media that INFORMS about the right of jury nullification?  If so I would gladly donate as much as I could. On a similar note, I recently heard a great commercial for medical marijuana legalization... albeit , it was oN FREE TALK LIVE RADIO, but still, I believe those of us who are not watching the TV PROPOGANDA WEAPON any longer should be turning it into our own devices.  anyone already doing this?  I guess the Building what? campaign

Sat, 03/19/2011 - 14:41 | 1075907 alien-IQ
alien-IQ's picture

Yes there are Jury Nullification advocates out there...and they too are being sent to jail...Seriously.

Check this out:
Jury Nullification Advocate Is Indicted

Is this a fucked up country or what?

Sat, 03/19/2011 - 17:04 | 1076501 MachoMan
MachoMan's picture

I advocate jury nullification...  It's an intricate part of our complex legal system...  namely, the LAST safeguard against legislative tyranny.

Sat, 03/19/2011 - 15:07 | 1076011 agrotera
agrotera's picture

Jury nullification of the repeal of Glass-Steagall Act and subsequent passage of Graham-Leach Bliley...and TARP and all the other acts that the Federal Reserve has taken on it's own to pass out TRILLIONS of dollars to the bank cartel. Jury nullification could set the stage for righting of the massive wrongs that have been done since Glass Steagall went down.

(How wonderful for all the big bank big whigs to have their pay for the last 10 years clawed back to the levels of un40xlevered levels.)


Sat, 03/19/2011 - 16:58 | 1076467 DosZap
DosZap's picture

A Judge TELLS the jury how and what they can do.

He also tells them they must folllow HIS instructions.

IF you tell a Jury they can claim a law unjust, you will be arrested.(if in session).Even though they are perfectly within their LEGAL rights to disobey his instructions.

What are laws for, and for what purpose do they serve any longer?.When your own Gv't breaks them at will,to punish the innocent.

I see a BAD moon rising.

(this dude screwed up, and broke the law),he was guilty.

He just did not use his head.

Sat, 03/19/2011 - 20:19 | 1077160 alien-IQ
alien-IQ's picture

He was found guilty. True. And there is a law against what he did. True. However...jury nullification allows for the jury to also ask or determine if that law is in and of itself a just law or if the law the person is being charged with breaking is being properly applied against the defendant. These are the questions that judges and attorneys do not want a jury to ask, even though it is their right to. In fact...they don't even want the jury to know that it is within their power to determine if the law is just or being properly applied against the defendant.

This is a big issue that deserves much more attention. If people were more informed of their rights as jury members, I think you'd see some laws change due to the inability to convict. If enough jurys nullify a particular type of case over and is a reasonable assumption that the law in question would soon change. Such as...marijuana possession perhaps? Or no refusal check points maybe? It would shift the power back to where it belongs...the people.

Sat, 03/19/2011 - 18:53 | 1076915 Buckaroo Banzai
Buckaroo Banzai's picture

Conviction rate at a Federal jury trial is something like 99%.

If you waive your right to a trial by jury in favor of trial by judge, your chances of acquital increase dramatically-- can't remember the exact numbers but the conviction rate drops to something much more reasonable like 60%.


Sat, 03/19/2011 - 13:08 | 1075530 AnAnonymous
AnAnonymous's picture

How many times has Geitner (among others), publically done this exact thing? So according to US Attorney Tompkins own words, Geitner is a domestic terrorist.


No, they are part of people who get a free pass, among others.

Sat, 03/19/2011 - 15:20 | 1076044 illyia
illyia's picture


Sat, 03/19/2011 - 16:41 | 1076395 DosZap
DosZap's picture

What will this do to the several states accepting Silver and Gold?

I know it's US Legal Tender, but there will surely be bartering.

Also, this guy's first mistake was calling it a Dollar.

Gotta KNOW Constitution,Amendments, and BOR's.

If you do not KNOW what your RIGHTS are, you have none.

Sat, 03/19/2011 - 16:55 | 1076456 MachoMan
MachoMan's picture

Nothing?  The lesson here is, don't try and pass off your bullshit coins as united states tender...  the government has a monopoly on issuance of its own coins...  like it or not. 

Sat, 03/19/2011 - 17:00 | 1076481 bigkahuna
bigkahuna's picture



the statement:

“Attempts to undermine the legitimate currency of this country are simply a unique form of domestic terrorism,”


is a declaration of war by the prosecution on it's own country.


Citizens, consider yourselves attacked. Oh, you didn't feel it?

Sat, 03/19/2011 - 12:57 | 1075458 CH1
CH1's picture

Funny they never mention that they stole all of the silver that was backing the currency.

Sat, 03/19/2011 - 13:20 | 1075582 ranrun
ranrun's picture

yea i'm confused about that. does he owe 250k for each of his two counts plus loose 16k pounds silver?

Sat, 03/19/2011 - 17:36 | 1076653 Papasmurf
Papasmurf's picture

On a positive note, the silver shortage is over, so now the US Mint can stamp some coins.  

Sat, 03/19/2011 - 17:11 | 1076530 DosZap
DosZap's picture

No, they did not steal the Silver, he committed a felony, and in being found guilty, ALL HIS property will be confiscated.

Home, cars, boats, etc, whatever.

A several year old law(from RICO)meant originally ONLY for Mafiaoso' and Drug Dealers, made its way to anyone.

 I believe, to really be a warning to not fk w/ Da boyeez.

The agencies involved will get the funds, and any other properties, and auction it off, and divide the spoils.

Sound familiar?

Sat, 03/19/2011 - 17:16 | 1076537 DosZap
DosZap's picture


Sat, 03/19/2011 - 18:26 | 1076828 Zero Govt
Zero Govt's picture

+1   leveraged 30/1 

another fuking travesty by the parasites and their crones in the judiciary 

pitchforks ready, and don't forget the lawyers and judges

Sun, 03/20/2011 - 08:45 | 1078298 GetZeeGold
GetZeeGold's picture


Thank goodness this evil has been taken care of.


Now I can sleep at night.


Were any TARP funds required for this fix?



Sat, 03/19/2011 - 12:51 | 1075438 Golden monkey
Golden monkey's picture

Take it easy with the court's stuff Tyler.

I will soon enough make them eat Ipad.

Sat, 03/19/2011 - 13:36 | 1075670 Sudden Debt
Sudden Debt's picture

conspiracy against the United States MY ASS!




even as a European I know this... THIS IS FREAKING SAD!



Sat, 03/19/2011 - 16:15 | 1076297 billhilly
billhilly's picture

Funny, just went through my stash and found 3 1/2  ozs of Norfed Silver....maybe it'll be collectible now.

Sat, 03/19/2011 - 14:49 | 1075934 CH1
CH1's picture

Did you catch this:

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.

Holy shit! The LEGITIMACY?

If I call a government agent or policy illegitimate, I'm a fucking terrorist? That's what the feeb said!

America is so, SO SOOOO dead.


Sat, 03/19/2011 - 15:23 | 1076051 illyia
illyia's picture

That's what they said...

Sat, 03/19/2011 - 17:15 | 1076545 bigkahuna
bigkahuna's picture

We are all pariahs in our own home--we have been for a while, but more people are starting to wake up and smell the bullshit.

Sat, 03/19/2011 - 18:34 | 1076848 Zero Govt
Zero Govt's picture

at least the parasites were blatantly open about their concerns ..."competition" ...did you notice that?

the States monopoly on money must not be open to competition because the free market provides increasing value whereas monopolies, both State and private, produce shit

stop paying your taxes... it's the quickest and most effective method to collapse this Parasite Club have the power, if enough of us do it (say 5-10% of the population). Civil disobedience, it works wonders 

Sun, 03/20/2011 - 06:38 | 1078176 TerraHertz
TerraHertz's picture

Agreed people should stop paying taxes. But only on principle, not for expecting it to have any effect. As I understand it, personal income tax forms only a small proportion govt. cash flow. Most comes from their magic money creation scam in collusion with the banks/FED.

Seems to me the true reasons income tax exists at all, are:

* Allows the govt to keep tabs on what people are doing (earning & spending).

* Conditions people to believe they need to keep records of their finances. This means individuals lose one big advantage over corporations - the ability to act without 'accounting overheads'.

* Conditions people to believe in their subservience to the government, and that the government has any fricking right to know anything about their financial affairs.

* Provides a means to victimize almost anyone, via audits, and the impossibility of conforming perfectly to a tax code so vast that no one can ever comprehend all of it.

* Impoverishes the people. Very important; the last thing the government wants is a cashed-up middle class. Why, they might use their spare time thinking anti-government thoughts, and their spare cash buying weapons.

And also of course, because there IS NO LAW requiring people to pay income tax.


Btw, some Jury Nullification links:

Jury Nullification - last hope for freedom

Fully Informed Jury Association   Cal. fucked. Juror's oath to obey judge. lotsa links
November 6, 2008
Lord Chief Justice: internet generation could be unsuitable as jurors
My comment:
Methinks he doth protest too much. Perhaps his real problem with 'internet savvy' jurors, is that they may educate themselves about Jury Nullification. Something the government and it's pet judges would much rather jurors forgot all about. Despite that it's the fundamental reason for having juries.
By: Alan Stang

A zombie sits down to interview Tom Woods on Tom's latest book, "Nullification: How to Resist Federal Tyranny in the 21st Century."

UK factory saboteurs acquitted
07/03/2010 20:40
Activists smashed arms factory to "prevent Israeli war crimes."

Judge Bans Handing (Factual) Pamphlets To Jurors; Raising First Amendment Issues
Radley Balko points us to the news that a judge in Florida has banned the distribution of certain flyers at or around the courthouse. Apparently, there's a group called the Fully Informed Jury Association (FIJA) -- which seems like a pretty good idea. Why wouldn't we want fully informed juries? The group has been handing out pamphlets to jurors which basically say that the jurors should vote with their conscience and not feel pressured into voting against what they believe. Seems like pretty standard stuff.
However, it looks like Chief Judge Belvin Perry doesn't like fully informed juries. He signed an order barring the group from handing out their pamphlets... raising all sorts of free speech and prior restraint questions. In order to try to get around the prior restraint question, Judge Perry stated that this "restriction upon expressive conduct" was "necessary to serve the state's compelling interest in protecting the integrity of the jury system." The judge clearly knows he's treading in free speech/prior restraint waters in specifically noting that it's a restriction of expression and calling out the "compelling interest" line. Of course, you can't just say there's a compelling interest. There actually has to be one, and I'm struggling to see how better informing a juror of their rights as a juror could possibly be about manipulating a jury or would harm the integrity of the jury system. Wouldn't you think a juror who better understand what being a juror means increases the integrity of the system?
It's almost as if the judge is admitting that they want uninformed jurors who don't know their own rights.
It sounds like the group is fighting back, so hopefully the ban will soon be reversed and the judge will be given a refresher course in the First Amendment and free speech.
Judge's order bans jury pamphlets, sparking free-speech debate
Distribution of pamphlets or leaflets designed to influence jurors banned at Orange, Osceola courthouses
FIJA brochures

Jury Nullification Advocate Is Indicted

Sat, 03/19/2011 - 14:57 | 1075969 medicalstudent
medicalstudent's picture

on courts:


cause of action - an individual right violating offense which every court predicates its' actions upon.


which plaintiff alleges harm in this case? or a traffic stop? or a drug offense? or plans to commit a deadly public act but does not commit it?


the state is not a valid plaintiff since the judge represents the state.


[(for any imminent counterarguments)

the state has no interests, there is no collective. just the individual exists.]


apparently the most powerful man in the world (unilateral volition affect) needs not to file a valid cause of action.

Sat, 03/19/2011 - 12:41 | 1075393 A Man without Q...
A Man without Qualities's picture

So, they'll be going after the Airlines for Airmiles next, I assume?

Sat, 03/19/2011 - 13:40 | 1075696 Sudden Debt
Sudden Debt's picture







Sat, 03/19/2011 - 21:34 | 1077330 RockyRacoon
RockyRacoon's picture

Municipalities have been issuing trade dollars for the entire history of the U. S., and actual "Trade Dollars" used prior to the establishment of a coinage in the U. S.   The dollar in the U. S. was based on the silver weight of the Spanish milled dollar (Pieces of Eight), used long before the federal gov't even had a silly thought about what a dollar should be.

This ain't new but he got burned for it.

Sat, 03/19/2011 - 12:42 | 1075394 Hammer Time
Hammer Time's picture

SilverKeiser next?

Sat, 03/19/2011 - 13:33 | 1075659 Abitdodgie
Abitdodgie's picture

Did anyone get there SilverKeiser ?

Sat, 03/19/2011 - 17:07 | 1076511 jimijon
jimijon's picture

Scared me a bit, but then I realized my silver ROUNDS have no reference to any of those things. So I guess I am still ok.

Sat, 03/19/2011 - 12:42 | 1075397 truont
truont's picture

I am sympathetic to NotHaus' philosophy, but it was reckless to strike silver rounds with the words "dollar" and "USA" and "currency" on the round.  I think NotHaus was looking for a fight, to force the issue, and he got it....

Sat, 03/19/2011 - 12:50 | 1075427 HoofHearted
HoofHearted's picture

...the words dollar, USA, Liberty, Trust in God (instead of In God We Trust); and other features associated with legitimate U.S. coinage.

We haven't had legitimate coinage in the US since at least 1971 and more than likely since 1964.


Sat, 03/19/2011 - 13:43 | 1075715 mark mchugh
mark mchugh's picture

+90% Silver

Sat, 03/19/2011 - 15:42 | 1076117 Joe Sixpack
Joe Sixpack's picture

+25x face

Sat, 03/19/2011 - 17:05 | 1076495 barkster
barkster's picture

a gallon of gas was 3 silver dimes in the 1960's.

a gallon of gas is two silver dimes today.

DEFLATION Bitchez (at least in PM's)!!

Sat, 03/19/2011 - 17:17 | 1076554 DosZap
DosZap's picture

No, Inflation of gasoline.

$.30, compared to $3.40.

Sat, 03/19/2011 - 17:25 | 1076595 barkster
barkster's picture

Inflation in fiat currency - $.30 to $3.40.

Deflation in silver - Three dimes to less than two dimes.

Sat, 03/19/2011 - 16:43 | 1076417 DosZap
DosZap's picture

Thank you Dickie  Milhouse, and LB & FI'in J.

Sat, 03/19/2011 - 12:59 | 1075469 CH1
CH1's picture

If I'm not mistaken, he communicated with the treasury about all of this in advance.

Also, IINM, he used to work for the treasury.

Sat, 03/19/2011 - 14:08 | 1075804 CPL
CPL's picture

I recall that you are correct...he's been around for at least twenty years.  He has that crazy last name that sticks out like a sore thumb.  I think google scrubbed him.  He's got nothing on him.  No myspace.  Mail account.  geocities...nothing. 

He's been erased.

Sat, 03/19/2011 - 17:07 | 1076510 barkster
barkster's picture

stay away from google. use


Sat, 03/19/2011 - 19:00 | 1076950 Buckaroo Banzai
Buckaroo Banzai's picture

You can find him on the Internet Wayback Machine.

Here is a snapshot of his page from 2009. Note the links implying that the Fed and Treasury did not have a problem with what he was doing.

Sat, 03/19/2011 - 19:02 | 1076955 Buckaroo Banzai
Buckaroo Banzai's picture


Claudia Dickens, spokeswoman for the U.S. Treasury Department's Bureau of Engraving and Printing, said American Liberty Currency is legitimate. "There's nothing illegal about this," Dickens said after the Treasury Department's legal team reviewed the currency. "As long as it doesn't say legal tender there's nothing wrong with it." 


Sat, 03/19/2011 - 19:24 | 1077032 CH1
CH1's picture

Thank God for the Wayback Machine... and good work Buckaroo!

Sat, 03/19/2011 - 13:05 | 1075503 Misean
Misean's picture

Yep. Full frontal assaults against well defended positions have an exceptionally high probability of serious failure.

Sat, 03/19/2011 - 13:12 | 1075541 AnAnonymous
AnAnonymous's picture

I think to remember that this currency was built on a pyramidal scheme, with notes gaining value as they grow older, all based on serial numbers.


Unclean attempt, as usual in the US when it comes to challenge the power structure.

Sat, 03/19/2011 - 13:21 | 1075590 malikai
malikai's picture

Yea, I reckin he was going for martyr. When I first heard about Libertydollars in `99, I thought it wouldn't end well. Of course, I also thought it was a scam too. Little did I know what the real scam was..

Sat, 03/19/2011 - 21:39 | 1077351 RockyRacoon
RockyRacoon's picture

Bottom line:  He has the world's WORST attorney.   No stink raised at all in the media?   Shame on his lawyer!   On the other hand, he was broke...   All the more reason to blame his shyster.

Sat, 03/19/2011 - 14:12 | 1075817 Hacked Economy
Hacked Economy's picture

Agreed. I completely understand his desire to restore a sane alternative to the FRN debacle, and I wholeheartedly support any argument to use a PM barter system as a substitute vehicle to Fed's [rapidly declining] system.  But using same or closely similar terminology was a brash act.  "Liberty" might have been tolerated, but as soon as you put "USA" or "dollar" on a coin (ahem, I mean barter medallion), you may as well be poking the Fed in the gonads with a hot iron.

I personally am expecting an eventual return to a barter system in which pre-1965 junk silver will be common.  Just got some more to add to my stash...

Sat, 03/19/2011 - 17:01 | 1076484 DosZap
DosZap's picture

I personally am expecting an eventual return to a barter system in which pre-1965 junk silver will be common. 

And just exactly WHAT would you accept as change?.


Sat, 03/19/2011 - 21:42 | 1077360 RockyRacoon
RockyRacoon's picture

Last time I looked a quarter will get ya 2 dimes and a nickel.  

Sat, 03/19/2011 - 22:02 | 1077420 Hacked Economy
Hacked Economy's picture

I'll accept Hope for my Change.  It worked for Obama.


Oh wait...forget it.  There's no hope left.

Sun, 03/20/2011 - 06:51 | 1078185 TerraHertz
TerraHertz's picture

"but as soon as you put "USA" or "dollar" on a coin (ahem, I mean barter medallion), you may as well be poking the Fed in the gonads with a hot iron."

Unless you are another nation. Like Australia, since our coins also say "dollar".

He should have done a deal with some small island nation, like Tuvalu, to mint a 'dollar' currency bearing their name. Not his problem if US citizens wanted to buy a foreign currency, and use it for trade in the USA. Would have been more Karmic too - after all that's what some _other_ nations have to put up with - their citizens using US dollars.

Sun, 03/20/2011 - 18:17 | 1079649 Hacked Economy
Hacked Economy's picture

Didn't think of that.  Have some foreign mint make 'em, then swap 'em here.  Could work...

Sat, 03/19/2011 - 15:38 | 1076099 Saxxon
Saxxon's picture

Yes, he asked for it and he got it.  It is in some people's Karma to become martyrs.  I hope it is not in mine.  I wish NotHaus the very best, he shows courage.

Sat, 03/19/2011 - 12:43 | 1075399 TheGreatPonzi
TheGreatPonzi's picture

Of course this is disgusting to see him treated like a vulgar criminal. 

But this is not surprising at all. 

The issuance and control of the national currency is the primary levy of power for modern governments. People who want to exchange goods and services go to the most popular currency on their territory, and the lucky one who controls this currency becomes an absolute master. 

During the Middle Ages, issuing competing currencies in a given Kingdom was considered frontal attack against the king, and usually punished by death. 

Nothaus was attacking the US government and the Federal Reserve. He should have known what was going to happen. 

This is like slapping Caesar in the face when you are in Rome. If the Praetorians start to attack you, you should know why. 

Sat, 03/19/2011 - 13:37 | 1075688 alien-IQ
alien-IQ's picture

A 15 year sentence for a 67 year old man is virtually a life sentence. This is just fucking sickening.

Sat, 03/19/2011 - 15:08 | 1076008 Broomer
Broomer's picture

But that is the point of the sentence. To set an example.

Sat, 03/19/2011 - 19:28 | 1077040 CH1
CH1's picture

Set an example = Unequal justice.

They suck.

Sat, 03/19/2011 - 15:46 | 1076129 Joe Sixpack
Joe Sixpack's picture

"The issuance and control of the national currency is the primary levy of power for modern governments."


So why don't the cockroaches in congress do it? They handed it over to the baksters.

Sat, 03/19/2011 - 21:43 | 1077362 RockyRacoon
RockyRacoon's picture

I'd suggest nobody here try to start charging for delivering letters.

Sun, 03/20/2011 - 06:58 | 1078191 TerraHertz
TerraHertz's picture

Not quite. They actually entered into collusion to obfuscate the method by which the government can print as much money as it likes, and in return the banks got a cut of the money-printing action. Everybody wins. Oh, except the peons, who get shafted.

Sat, 03/19/2011 - 12:43 | 1075401 Oh regional Indian
Oh regional Indian's picture

Good is bad and bad is good,

Needs to be clearly understood,

Super moon, shining bright,

Right is wrong and wring is right.

Such a day they chose to do this, I see the huge SILVER moon, shining over me.

Today is the day the disconnect begins.

Silver will take off, next week, never to touch "ordinary" levels again.

The desperation of the controllers is now naked and obvious.




Sat, 03/19/2011 - 12:44 | 1075406 Auricle of Omaha
Auricle of Omaha's picture

All the good ideas always get taken!

Sat, 03/19/2011 - 12:44 | 1075407 flaunt
flaunt's picture

Could the hypocrisy in current events be any more stark?  While the worldwide mafia intervenes in Libya to supposedly protect civilians, it's perfectly fine overseeing the economic enslavement of the "free world." 

Sat, 03/19/2011 - 12:43 | 1075409 BrianOFlanagan
BrianOFlanagan's picture

the guy reportedly made $5 and $10 "Liberty Dollars", actually putting both the denomination and word "Dollars" on it.  That is counterfeiting.

If he just would've made silver rounds with the weight and .999 fine on it, no problem.

I feel for the guy, but you can't make your own U.S. dollar coins.

Sat, 03/19/2011 - 12:48 | 1075424 Rahm
Rahm's picture

If that's the case, he's a dumbass.

Sat, 03/19/2011 - 21:46 | 1077365 RockyRacoon
RockyRacoon's picture

He's not the dumbass.  It's the law that says he can't that is the dumbass.  We should be able to use anything we want, made into any form we want, for trade purposes.   Telling me that I must accept dollars as "legal tender for any debt public or private" is an infringement on my sovereignty.

Sat, 03/19/2011 - 12:50 | 1075429 Bay of Pigs
Bay of Pigs's picture

"that is counterfeiting"

LMAO. You obviously haven't learned much around here. 

Sat, 03/19/2011 - 13:24 | 1075599 Cyrano de Bivouac
Cyrano de Bivouac's picture

Yes but didn't the dollar originally stand for a given weight of silver, namely 1 oz. of silver? He might go to  jail because he threatened the Federal Reserve counterfeiting scam.

Sat, 03/19/2011 - 14:09 | 1075806 chubbar
chubbar's picture

1 dollar = 371 1/4 grains of silver.

Sat, 03/19/2011 - 14:07 | 1075807's picture

There are .77 oz. in a real dollar.

Sat, 03/19/2011 - 21:48 | 1077380 RockyRacoon
RockyRacoon's picture

Derived from the weight of the Spanish milled dollar = weight of the Morgan and Peace dollars.

Sat, 03/19/2011 - 12:43 | 1075410 Subprime JD
Subprime JD's picture

“Attempts to undermine the legitimate currency of this country are simply a unique form of domestic terrorism” - US Attorney Tompkins

No Mr. Tompkins, it is YOU who is the domestic terrorist. Now go fuck yourself you fascist pig

Sat, 03/19/2011 - 12:51 | 1075434 TheGreatPonzi
TheGreatPonzi's picture

It reminds me of an Enclave Radio quote in Fallout 3: "The Brotherhood of Steel is nothing more than a terrorist group with access to advanced technology".

The USA will deem as terrorist whatever group is seriously competing with them. This is the magic word.

Sat, 03/19/2011 - 13:36 | 1075669 Subprime JD
Subprime JD's picture

By using their logic, we, in some form are terrorists as well because we buy silver and hurt the value of the dollar thereby hurting the legal tender of the US government.

Sat, 03/19/2011 - 15:49 | 1076154 Byte Me
Byte Me's picture

Hold that thought and keep going:

They've just established a precedent to confiscate 16000 toz of someone's Ag on grounds of 'terrorism' if this ruling stands.

How much of a stretch is it from here to outlaw ownership of legitimate specie? Not forgetting that recently there was that requirement regarding notification about new purchases/sales above a given threshold ($500??). See if you can join the dots here on where this ends up.

Or course, enforcing a hypothetical 'heist' like this would be a different matter.

OK they got the guy for counterfeiting. You think they can't redefine the rules for their own ends?

Sat, 03/19/2011 - 17:17 | 1076553 barkster
barkster's picture

btw was that $500 reporting ever repealed??

Sat, 03/19/2011 - 17:23 | 1076573 DosZap
DosZap's picture

They've just established a precedent to confiscate 16000 toz of someone's Ag on grounds of 'terrorism' if this ruling stands.


Not on the grounds of Terrorism, a FELONY.

Sat, 03/19/2011 - 17:24 | 1076576 MachoMan
MachoMan's picture

I think the precedent is to outlaw coins that are passed off as those of the united states.  If you have a silver tea pitcher, I don't think this precedent puts you in harm's way.

Sat, 03/19/2011 - 13:01 | 1075467 Quinvarius
Quinvarius's picture

When the definition of a word contains the word itself, you know it is meaningless.

1. the use of violence and threats to intimidate or coerce, especially for political purposes.

2. the state of fear and submission produced by terrorism or terrorization.

3. a terroristic method of governing or of resisting a government.

Sat, 03/19/2011 - 14:59 | 1075411 Bay of Pigs
Bay of Pigs's picture

Seeing that this is exactly what needs to be done (repealing legal tender laws and ending the Fed's counterfeiting operations), we all can see clearly now what we're up against going forward.

My hat is off to you Mr. Von NotHaus. 

Sat, 03/19/2011 - 12:47 | 1075423 gorillaonyourback
gorillaonyourback's picture

tyler, anyway to set up legal defense fund for him?

Sat, 03/19/2011 - 12:58 | 1075459 False Capital
False Capital's picture

He has, or did have assets "valued at nearly $7 million". I think he'll do as well as he possibly can i.e. 15 years in jail.

Sat, 03/19/2011 - 13:03 | 1075482 Quinvarius
Quinvarius's picture

I think I read they are confiscating all his PMs.  So they are taking all that.

Sat, 03/19/2011 - 13:03 | 1075488 False Capital
False Capital's picture

even the ones buried in his back yard with the cans of ham?

Sat, 03/19/2011 - 13:55 | 1075630 malikai
malikai's picture

The first thing the feds do is seize all assets. They know damn well how to score a conviction when they really want it.

Step 1, find/make evidence.

Step 2, make case.

Step 3, raid subject.

Step 4, seize accounts.

Step 5, press conference declaring the evil criminal.

Step 6, let the poor broke bastard try to fight the leviathon.

Step 7, declare victory over the evildoer(terrorist).


Sat, 03/19/2011 - 13:01 | 1075480 BigJim
BigJim's picture

Too late. He's already been found guilty.

Sat, 03/19/2011 - 21:51 | 1077385 RockyRacoon
RockyRacoon's picture

APPEAL, bitchez!

The gov't case should have created enough rope with which to get itself hung.

Sat, 03/19/2011 - 12:49 | 1075425 -Michelle-
-Michelle-'s picture

Wow.  I'm so glad this vicious and ruthless criminal will be taken off the streets.  Perhaps the next takedown will be all of the stay-at-home moms selling baby clothes on  Tax evaders, and all...

Sat, 03/19/2011 - 12:49 | 1075431 redpill
redpill's picture

When this guy does it, it's "domestic terrorism."  When the Bernanke does it, it's patriotic and "necessary."

There is no word to describe the gut-wrenching black irony here.


Sat, 03/19/2011 - 15:48 | 1076148 Joe Sixpack
Joe Sixpack's picture

When von Nothaus does it he gives you something of value. When the Bernank does it he gives you toilet paper.

Sat, 03/19/2011 - 12:51 | 1075435 Josh Randall
Josh Randall's picture

WTF - I guess busting hookers got to be too tough for them

Sat, 03/19/2011 - 12:51 | 1075437 HoofHearted
HoofHearted's picture

“Attempts to undermine the legitimate currency of this country are simply a unique form of domestic terrorism,”

Next on the docket, the American people v. B.S. Bernanke.

Sat, 03/19/2011 - 12:53 | 1075441 Auricle of Omaha
Auricle of Omaha's picture

So you're telling me I could go to jail for all the $100 bills I keep printing from my laser printer? I was thinking I'd be the next nominee for head of the Fed.

Sat, 03/19/2011 - 13:11 | 1075536 Misean
Misean's picture

You're printing is inferior to Benny Bucks cotton/linen notes. Hardly worth the effort these days. You did say you were only printing $100's right?

Sat, 03/19/2011 - 12:53 | 1075446 chdwlch1
chdwlch1's picture

Looks like the US Mint needed this guy's silver to make their own coins...look for the Silver American Eagles to be available again soon!

Sat, 03/19/2011 - 13:02 | 1075479 False Capital
False Capital's picture

and JPM needed it to cover their shorts.

Sat, 03/19/2011 - 21:52 | 1077391 RockyRacoon
RockyRacoon's picture

He didn't have enough silver to make a skid-mark in their shorts.

Sat, 03/19/2011 - 13:04 | 1075495 Dr. Gonzo
Dr. Gonzo's picture


Sat, 03/19/2011 - 13:00 | 1075470 Mazarin
Mazarin's picture

In the USA municipalities can have their own currencies, but people can't. And any currency NOT issued by the FED/Treasure must be clearly differentiated. This guy had a terribly flawed strategy.

If you're a bank or financial institution, like JP Morgan, and you allow using gold/silver deposits as collateral for purchasing other assets (like futures contracts and derivatives), that's entirely OK ;-)

Sat, 03/19/2011 - 13:43 | 1075716 ATM
ATM's picture

People can and do have their own currencies. They do it in Michigan


This guy created a form of payment. He called it a Liberty Dollar and supposedly using "dollar" and making the coins similar in size to US currency is a crime?

Bullshit. "dollar" is a generic term for as unit of currency. Our currency is Federal Reserve Notes. This guy was making things with real value. That was his crime. 

He was just pointing out that fact so the stoopid idiots on the street might suddenly put two and two together and figure out that the government just makes this shit out of thin air and it's meaningless.

When they realize that their days work shoveling shit was repaid with a worthless piece of paper they might get a little angry and start beating assholes like this Treasury, FBI or whatever bureaucratic fuck it was to a pulp and demand something real.

Yeah, that's some real subversive terrorist shit right there.




Sat, 03/19/2011 - 17:26 | 1076597 DosZap
DosZap's picture

He , is not the Congress, and they are the only ones legally that can set the values of currency, or money.

He Usurped their authority..........bottom line.

Sat, 03/19/2011 - 21:56 | 1077399 RockyRacoon
RockyRacoon's picture

I say again, the law is the crime, not what Nothaus did.

You're saying that he broke a law, but it's a flawed (and unconstitutional) law.

Sat, 03/19/2011 - 12:59 | 1075472 Dr. Gonzo
Dr. Gonzo's picture

In the old days criminals would counterfeit sovereign gold/silver coins with base metals Now the sovereigns are the criminals and their coins are base metal and the moral people are making coins in standard weights with precious metals that aren't even counterfeit but have slogans and images to remind people of the old times when we weren't prisoners of these evil sith lords who force us to be their slaves with irredeemable money. This shows me how important gold/silver is to being free and how big a threat it is to the criminal syndicate ruling the world.

Sat, 03/19/2011 - 13:09 | 1075523 SWRichmond
SWRichmond's picture


Sat, 03/19/2011 - 14:16 | 1075833 Hacked Economy
Hacked Economy's picture


Sat, 03/19/2011 - 17:11 | 1076528 jimijon
Sun, 03/20/2011 - 14:53 | 1077404 RockyRacoon
RockyRacoon's picture

Gonzo gets it.

Sat, 03/19/2011 - 13:01 | 1075475 John Law Lives
John Law Lives's picture

Politicians can vote to raise taxes on the masses...

Politicians can vote themselves pay raises...

Politicians can appoint Chairsatans who can devalue the dollar...

God forbid if anyone challenges the authority of politicians or Chairsatans.

Sat, 03/19/2011 - 13:03 | 1075485 DoChenRollingBearing
DoChenRollingBearing's picture

Fed delenda est.

Fed delenda est.

Fed delenda est.

Sat, 03/19/2011 - 13:05 | 1075493 BigJim
BigJim's picture

“Attempts to undermine the legitimate currency of this country are simply a unique form of domestic terrorism,” U.S. Attorney Tompkins said in announcing the verdict. “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.”

Just surreal. What a bizarre world we live in.


Sat, 03/19/2011 - 13:06 | 1075513 tmosley
tmosley's picture

Thing is, the liberty dollars were worth far more than their "face value".  In the past, the treasury has said that this was fine and not illegal, as an artist had made a few gold pennies and put them into circulation.  The government declined to pursue charges against him on the grounds that the gold in the coin was worth far more than the coin he was imitating.  The same logic should apply here.

These people need to be punished.

Sat, 03/19/2011 - 13:16 | 1075558 Misean
Misean's picture

Yes, but I'm sure the Fed's didn't care for his web traffic.

"Moving to the political arena, the presenter elaborated on why totalitarian regimes are so quick to clean up graffiti and other public challenges to the authorities. It's possible for a dictator to remain in power even if a large number of his subjects hate him, so long as they think they are relatively isolated. But when someone writes, "Down with the Regime!" on a bridge, it is a signal that rallies the malcontents. Not only do they realize that they are not alone, but they know that other people like them are seeing the same subversive message."

Sat, 03/19/2011 - 13:08 | 1075517 Dr. Gonzo
Dr. Gonzo's picture

Unfortunate business model. If I was him I would have done everything to differentiate my coins were not assosiated with the U.S. Ponzi Government. I would have stamped them with the words: "This is NOT U.S. legal Tender. It is valuable. Save as money." 

Sat, 03/19/2011 - 15:12 | 1076025 Broomer
Broomer's picture


Sat, 03/19/2011 - 13:12 | 1075546 TruthInSunshine
TruthInSunshine's picture

The government can't afford competition in the arena of its increasingly worthless fiat; not just the U.S. Government, either.

I predicted some time ago that there will major new restrictions, regulations and outright seizures and barring of individual ownership, purchase, trade and redemption of anything that can in any way be construed to be or used as alternate currencies to paper fiat.

This is just the beginning.

If even 10% of the population of the globe lost faith in Euros, Dollars, Yen, Pound Sterling, to the point of swapping a good chunk of that fiat for alternate currencies, the whole Ponzi Scheme of fractional reserve banking, as taught to the world by the London Central Bank & Federal Reserve would come crashing down, and the elite would have no place to run.

Sat, 03/19/2011 - 15:59 | 1076206 css1971
css1971's picture

to the point of swapping a good chunk of that fiat for alternate currencies, the whole Ponzi Scheme of fractional reserve banking, as taught to the world by the London Central Bank & Federal Reserve would come crashing down


Fractional reserve banking was born and nourished by the scarcity of precious metals. Think about it for a second, why lend fractionally? Because the currency is fundamentally scarce, it can't simply be increased, even by the state.  Which is why I am not exactly an Austrian when it comes to money. I do have gold, silver and I even have an e-gold account. Do you?

Gold and silver as a currency will not prevent fractional reserve lending. Slapping people in prison for fraud might though. I find it ironic that banks are still allowed to practice it, particularly when the money supply can these days be expanded by the state at the press of a button.


Sat, 03/19/2011 - 17:34 | 1076638 DosZap
DosZap's picture

The easiest way to solve this and help the US, is to re-set the value of G&S,to market pricing.

Have a floating price,linked to and  like currency, and then the paper backed  same would stabilize the system.(as long as the paper was PM backed.

Who's to  say the Gv't cannot revalue them to $200.00 oz/$50k oz?

Congress has the power.

IF they wanted to Stabilize it.

I for one believe not.

Sat, 03/19/2011 - 22:04 | 1077428 RockyRacoon
RockyRacoon's picture

You are the fella who will appreciate this:

The Floating Dollar as a Threat to Property Rights

"Now, the record is clear in respect of how America’s founders viewed money. Many of them went into the Second United States Congress, where they established the value of the dollar at 371 ¼ grains of pure silver. The law through which they did that, the Coinage Act of 1792, noted that the amount of silver they were regulating for the dollar was the same as in a coin then in widespread use, known as the Spanish milled dollar. The law said a dollar could also be the free-market equivalent in gold. The Founders did not expect the value of the dollar to be changed any more than the persons who locked away that kilogram of platinum and iridium expected the cylinder to start losing mass. In fact, in this same 1792 law, they established the death penalty for debasing the dollar.

Today, members of the Federal Reserve Board don’t worry about how many grains of silver or gold are behind the dollar. They couldn’t care less. And this is what I believe is the most worrisome threat to property rights today. When the value of a dollar plunges at a dizzying rate—at one point in recent months it collapsed to less than 1/1,400 of an ounce of gold—Fed Chairman Ben Bernanke goes up to Capitol Hill and declares merely that he is “puzzled.” No “new urgency” to redefine the dollar for him. The fact is that we’ve long since ceased to define the dollar, and it can float not only against other currencies but even against 371 ¼ grains of pure silver.

So, the New York Sun asked, why not float the kilogram? After all, when you go into the grocery to buy a pound of hamburger, why should you worry about how much hamburger you get—so long as it’s a pound’s worth? A pound is supposed to be .45359237 of a kilogram. But if Congress can permit Mr. Bernanke to use his judgment in deciding what a dollar is worth, why shouldn’t he—or some other Ph.D. from M.I.T.—be able to decide from day to day what a kilogram is worth?

No doubt some will cavil that the fact that the dollar floats makes it all the more reason for the kilogram to be constant. But what’s so special about the kilogram? If the fiat dollar floats, one has no idea what it will be worth when it comes time to spend it. If the kilogram also floats, it will simply be twice as hard to figure out what something we’re buying will be worth. So what if, when we unwrap our hamburger, the missus has to throw a little more sawdust in the meatloaf?"

There is much more and it is stunning in its simplicity of logic:

Sun, 03/20/2011 - 10:04 | 1078456 GreenSideUp
GreenSideUp's picture

Thank you for that excellent article.  

How many people would be marching in DC, pitchforks in hand, if they actually understood that dollar devaluation = decrease in their paychecks????

Sat, 03/19/2011 - 13:12 | 1075548 Creed
Creed's picture

hey fibbies that read this site...go arrest some of the murderers your leaders are allowing to cross the southern US border

go round up ALL MS-13 members, not to mention all the other drug gang animals infesting the cities of the US

good LUCK with your case against the US states that are legislating gold & silver as money laws RIGHT NOW

Sat, 03/19/2011 - 13:14 | 1075551 Walt Whitman
Walt Whitman's picture

Had an extra cell for Bernard von NotHaus, since Martin Armstrong was released.


Political prisoner out, political prisoner in.

Sat, 03/19/2011 - 19:13 | 1076996 Buckaroo Banzai
Buckaroo Banzai's picture

Holy shit! They let Martin Armstrong out. What's the catch? 

Sun, 03/20/2011 - 09:02 | 1078327 GetZeeGold
GetZeeGold's picture


Catch 23....they ran out of excuses.




Sat, 03/19/2011 - 13:13 | 1075553 logically possible
logically possible's picture

Domestic terrorist, danger to economic stability. Could she really say that and keep a straight face? I doubt anyone would allow these coins to jingle in the same pocket with any U.S monopoly money.
Von NotHaus, at great personal expense, you sir have proved your point.

Do NOT follow this link or you will be banned from the site!