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NORFED Founder Convicted Of Minting Liberty Dollars
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<p>[QUOTE="19Lyds, post: 1132699, member: 15929"]All forms of payment are actually bartering Doug. Its just that some forms of payment are not portable enough for other forms of payment which is the intent of a nations currency.</p><p> </p><p>If I were a wheat farmer that produced wheat which had a market value of $10 per bushel, me offering the 100 bushels of wheat to a car dealership for a $10,000 car would be equitable trade but not very convenient for the car dealer. Instead, I have to sell my wheat first and then offer the cash to the dealer.</p><p> </p><p>However, if the dealer had a simple method for turning my wheat into cashm say through a middleman, then the dealer just might accept my wheat as paymeny (i.e. tender) for the car.</p><p> </p><p>Von NotHaus produced Silver bullion rounds named Liberty Dollars which were sold to the public for the purpose of such bartering based upon the silver bullion value of each piece within a specific network or retailers who agreed to accept the coins for the bullion value.[/QUOTE]</p><p><br /></p>
[QUOTE="19Lyds, post: 1132699, member: 15929"]All forms of payment are actually bartering Doug. Its just that some forms of payment are not portable enough for other forms of payment which is the intent of a nations currency. If I were a wheat farmer that produced wheat which had a market value of $10 per bushel, me offering the 100 bushels of wheat to a car dealership for a $10,000 car would be equitable trade but not very convenient for the car dealer. Instead, I have to sell my wheat first and then offer the cash to the dealer. However, if the dealer had a simple method for turning my wheat into cashm say through a middleman, then the dealer just might accept my wheat as paymeny (i.e. tender) for the car. Von NotHaus produced Silver bullion rounds named Liberty Dollars which were sold to the public for the purpose of such bartering based upon the silver bullion value of each piece within a specific network or retailers who agreed to accept the coins for the bullion value.[/QUOTE]
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