Message:

<p>[QUOTE=&quot;Texas John, post: 1069780, member: 25813&quot;]It seems the problem was basically that the system was a heads-we-win-tails-you-lose scam, and was at essence an attempt to create a private fiat currency, rather than a commodity based system of exchange:</p><p><br /></p><p>&quot;Liberty Dollar associates and merchants used to exchange for Liberty&nbsp; Dollars at a discount, so they could &quot;make money when [they] spend&nbsp; money.&quot;To further distinguish how Liberty Dollar works, von NotHaus&nbsp; transitioned to a commission structure in June 2007 where associates and&nbsp; merchants receive a commission in the form of extra Liberty Dollars&nbsp; when they place their orders. Regional currency officers have always&nbsp; received larger discounts, since they are the regional distributors and&nbsp; official representatives of Liberty Services.</p><p><br /></p><p><br /></p><p>&nbsp;The Liberty Dollar associate and merchant discounts can range from&nbsp; 0.0%-50%+ (zero to more than fifty percent) depending on where the price&nbsp; of silver is, relative to the Liberty Dollar base value, the Liberty&nbsp; Dollar base value crossover points, and the time periods the price has&nbsp; stayed above varying moving-day averages over 30, 60 or 90 days in a&nbsp; fluctuating market, based on Liberty Dollar formulas worked out by von&nbsp; NotHaus.&quot;</p><p><br /></p><p><a href="http://en.wikipedia.org/wiki/Liberty_Dollar" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/Liberty_Dollar" rel="nofollow">http://en.wikipedia.org/wiki/Liberty_Dollar</a>[/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