Prison May Be the Next Stop on a Gold Currency Journey

http://www.nytimes.com/2012/10/25/u...his-fate-behind-bars.html?pagewanted=all&_r=0

 

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Say what you want about the guy... the paper versions of his Liberty Dollars are MUCH nicer looking than our modern notes.

 

Kind of strange that his sentencing date has not been set yet. They don't put off setting a sentencing date for other persons convicted of crimes. I wonder what's going on? I thought he was already in jail awaiting sentencing. Looks like he was lucky enough to cash in a bunch of his Norfeds in for some real money, big money and post bail indefinitely. 2 Thumbs up von NotHaus!!

 

Interesting they prosecute this man, who hasn't hurt anyone, but refuse to bring charges against the executives of MF Global who bankrupted the firm and caused losses of billions of dollars losses to individuals.

It shows what the lengths they will resort to do to keep up the illusion that fiat money is somehow sound.

(I didn't read the link because I don't consider the NY Times to be a credible source of information and thus won't sign up for their "firewall")

 

They usually allow you to read for free unless you read a lot. I wonder what Amy Harmon would think of all this?

 

When I clicked on your link, I got their FU page maybe because my security system rejects their tracking cookies as well. They attempt to dump numerous ones on your PC.

 

Have no fear. We will bust him out of prison when we launch our revolution! :devil:

 

I will agree I think its strange why Nothaus was prosecuted. To me counterfeiting is making imitation money. Maybe the problem was calling it a Liberty DOLLAR. Maybe if he just struck tokens in a nother denomination he would have not been prosecuted.

Regarding MF Global:

1. Usually prosecutions take time, we don't know yet the conclusion
2. I didn't know it was now a "crime" to have a business fail. Should 80% of all people who open restaurants that fail be thrown in prison? Investors should have no risks if they invest in equities?

 

MF Global has been accused, and many of these accusations are widely accepted as true, of many criminal acts. Their Wikipedia page has some highlights of what they've been accused of. It wasn't just running a business into the ground. It was using investor funds, money that was supposed to be invested in securities, to offset company losses. There is a difference between buying stock in a financial company and being a customer of that company. For example, if a person had $1 million invested in XYZ company through MF Global, should they lose their $1 million when MF Global goes bankrupt despite their XYZ stock still having $1 million in value? Yes, investing is risky, but it shouldn't be that kind of risky.

I understand these things are often very complicated and sometimes hard to prove which person committed a criminal act, but when you're talking about billions of dollars, they should make every effort to identify and prosecute those responsible.

 

I understand, yet I am unwilling to throw someone under a bus based upon Wikipedia accusations. If they are true of course I would support prosecuting any illegal acts. I was responding more to saying business executives should be thrown in jail because they "bankrupted a business".

 

I agree. And it's even worse because the regulators know where all of the money is [a lot with JP Morgan] and they aren't making them return it to the victims. This is amazing! If someone robbed a bank and gave one of us the money to satisfy the debt, what do you think the chances are that we would get to keep it?

But, as medoraman said, these things take time, and even though justice delayed is justice denied, the final outcome may punish the guilty and restore the lost property.

 

I think there is a difference between going bankrupt and using customer deposits to bet on black in a casino because your firm ran out of money. One is unfortunate, the other is a crime. Building contractors are routinely prosecuted for using customer deposit for their own use rather than for the project contracted.

 

Good point. I never thought of it from a "posession of stolen property" perspective.

 

I agree, I am just saying I am not in a position, (and don't think anyone on this board is either), to know the facts in this case. Accusations are one thing, provable facts that can be used in a prosecution are another.

Would I be outraged if these accusations were true? Of course. I would say throw the book and the rest of the library at them. However, to me, I don't know these facts, and will leave it to a jury to decide that.

 

Yep, its a long list of political prisoners that is growing in Amerika.

 

Thanks for the link, but I'm still not well-informed. What are the charges, exactly?
It's absurd if the Feds are going after him for Gold & Silver tokens - not so if he's printing BILLS. I might be sympathic to those who want to circulate their own notes, but the law are probably quite specific what ILLEGAL there.

You can even call it "art" but they don't buy it!
http://en.wikipedia.org/wiki/J._S._G._Boggs

 

It's starting to look like there won't be a jury -- the perfect crime!

 

Well written story. Last year or a couple of years ago there was a few threads about Bernard von NotHaus and his liberty dollar on cointalk. The conviction stinks to me. I think he got nailed because he hooked up with right wing groups. High powered legal talent could've probably got him off.
My neighborhood has a local currency that's used in bars, salons, grocery stores, coffee houses, etc w/o difficulty.

"(I didn't read the link because I don't consider the NY Times to be a credible source of information and thus won't sign up for their firewall")"

Which publications are credible to you?

 

I have relatives who have practiced a corporate lawyers and i have her about lack of prosecution against the key figures in financial crise and her response was as follows:

1. Prosecutors are afraid of touching them due to repercussions (will no longer get any $$$ consulting gigs).
2. All financial rules and regulations have so many loop holes which can be exploited by any good defense.
3. Which brings up fact the corporations could stall the case with really good defense hence it is better to settle or prosecute them in first place.

 

She failed to mention the great job offers good prosecutors receive Wall St vultures.