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Paul Harvey, well-known and respected news commentator, reported:
What's new? The Liberty Dollar! Fed Ex competes with the Post Office. So now there's the Liberty Dollar competing with the greenbacks printed by your government. The Liberty Dollar is backed by gold and silver. Yes, there's a competitive currency right here in the United States. In five years it has become the second most popular currency in America. [empahsis mine]
There is no law that says goods and services must be paid for with Federal Reserve notes.
Now why is he taking the money he scorns, and giving away his "real money" in return??
Originally posted by Nygdan
This 'liberty dollar' looks to be a scam. It may even be illegal, since its calling itself currency. I recall that there were some 'twin towers' commemorative "coins" being sold as collectors items, but that raquet got busted up because....THEY'RE NOT COINS!
Even Rome had inflation proble
Anyways, say you buy his $10 silver note.. and the price of silver rises, could you then infact trade it back to this man for how ever much US$?
Originally posted by TheBandit795
Well muzzle actually Federal Reserve Notes are also a scam, because they're not redeemable in gold. Up to the 20th century all paper money was redeemable in gold like this one claims to be, because paper money originally was a receipt. It wasn't the money itself untill recent centuries.