Anyone here sitting on a pile of these? I wonder how this is going to affect Daniel Carr and his "Fantasy" coins.
I have some NORFED pieces though I wouldn't call it a hoard. Maybe they'll come and arrest me. I doubt they'll even give Carr a second look; He's not questioning their hegemony.
Ever see that series on T.V "Breaking Vegas" where the guy minted his own casino dollars! Sounds like fun until they catch you
It's not the first time a jury has gotten it wrong. Remember this one: http://www.youtube.com/watch?v=infLrZjJpNc&feature=youtube_gdata_player
"A private central bank issuing the public currency is a greater menace to the liberties of the people than a standing army...We must not let our rulers load us with perpetual debt." Thomas Jefferson
The second he gets a cent of seignorage, that's exactly what he's doing. IF the coins are used strictly as private barter tokens in a closed system, there's no problem. But that's a mighty big if IMO.
What gets me is Bernard Von NotHaus used to be Chief Engraver at the Royal Hawaiian Mint so he had to know that minting coins 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 was wrong. I don't honestly think he should have been convicted of all those charges either but I do believe he placed him self in a no-win situation. I mean you mint some coins and you include all that stuff and you name your company NORFED which means, National Organization for the Repeal of the Federal Reserve and Internal Revenue Code, hello?! Hell you may as well help the police cuff you with that kind of attitude!! I mean I totally respect the dude but c'mon! Could it have been the reefer? lol http://www.rense.com/general83/von.htm
JP Morgan and his 7 sisters at the fed, just can not stand it. His money was a lot better than thiers. One ought to look into how the FED was created in 1913. totally criminal & unconstitutional to say the least. The US govt. is required by the Act of 1913 to turn over 6% ov all revenues it collects in taxes to the FED. There is your built in 6% inflation. The FED = SLAVERY.
Good question. We do have people like Von NotHaus out there though who would NOT rather "live on their knees than die on their feet" and who are trying to fight it. We need education.
I'll tell ya what I'm gonna do. I only have 4 Norfeds but the price just went up on mine and will continue to go up! You'd be surprised how many ppl don't even know anything about Norfeds, glad I got mine, I just wish I had a 1998.
You are all welcome to your opinions. But many of those opinions already border on the edge of being removed for political content. Fair warning - leave the political comments out or the thread will be closed !
I suppose the country could declare bankruptcy but the World Economic response might not be all that welcome to our economy. The alternative to the Federal Reserve would only be a slight change from what is occuring today in that the Federal Reserve Bank would simply be cut out of the picture and be replaced by US Government backed notes. In the past, those notes were backed by the gold and silver pulled from our ground but since gold and silver are now traded openly on the public market, any currency based upon their values would fluctuate with the open market. The only way to address this would be to have the rest of the World go back to a bullion backed currency and through the G8 have all the participating countries agree to a "fixed" price on the precious metal used to back the currency. I just do not see this happening without some major world conflict. As for NORFED, the way the news article is written, by golly he's guilty! However most folks that followed Liberty Dollars know that he was simply trying to introduce bullion bartering back as an acceptable form of financial exchange. Similar to what the State of Utah recently passed. Accepting bullion as a form of payment for taxes. (BARTER)