Message:

<p>[QUOTE=&quot;Info Sponge, post: 907785, member: 20538&quot;]Wikipedia is better than nothing, though that article is not their finest hour. </p><p><br /></p><p>The background is colorful(*), and the legal arguments are interesting to watch. The NORFED folks later insisted on calling their product &quot;barter tokens&quot; to avoid charges of passing them as currency, but the government had already sunk its teeth into them. </p><p><br /></p><p>The statute under which they&#039;re charged prohibits passing as money anything other than US coinage, even if it&#039;s not a counterfeit of a US coin. The paperwork the government filed against them made a big deal of the fact that they were selling rounds for N dollars with an N dollar face value that contained less than N dollars worth of silver. Doing that kind of thing is a privilege that governments guard jealously.</p><p><br /></p><p>(*) Look up the founder&#039;s other activities. I&#039;d tell you, but you&#039;ll get a kick out of finding them on your own.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in