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Originally posted by GradyPhilpott
I've never heard of this, but I find this quote interesting:
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]
How many currencies are there in the US?
Also, Paul Harvey will say anything that he's paid to say.
Originally posted by Nygdan
From what I gather, the 'notes' are contracts, entitling you to his companies collection of gold, and, presumably by the terms of the contract, must be redeemed in gold on demand. So in a sense, assuming that the guy isn't scamming on all levels, I'd think that you could turn in your certificate for the gold/silver, and sell it on the market at profit.
I wonder though, if he, like banks in the past, is issuing more certificates than he can actually cover? Woudl that even be legal?
Originally posted by Rockpuck
Ok, I will tell you all right now this is in no way a real currency, just isn't.
Only congress can print money. Only the US dollar is able to purchase goods.
Originally posted by anhinga
....they're gonna take rights away from hobbyists and stock commodity traders?!?
Mint Fears Losses From Penny Meltdown
The Treasury has proposed that it be allowed to transfer from Congress to itself the authority to measure and make adjustments in the composition and weight of coins, so it can head off future spikes in metal prices.
This would be historic. Since Congress created the Mint in 1792, it has exercised constitutional authority over America's pocket change. Linl
Paul campaign spokeswoman, Kerri Price, said yesterday that while Paul also supports abolishing the Federal Reserve, the campaign "does not have any affiliation with Liberty Dollars at all."
Originally posted by Pellevoisin
The more I think about it, I think they did this in advance of the total collapse of the US Dollar. If the US Dollar completely collapses, the Liberty Dollar like other local currencies could have stepped into the void with considerable resources.
But that would have been a big problem for those who want an end to the US Dollar and see to its replacement with the Amero. For the Amero to succeed all other alternatives need to be cut off at the knees ... especially if there are coins bearing the unspeakble name of Ron Paul as well as his likeness.
[edit on 15/11/07 by Pellevoisin]
[Peter] Schiff........recently sent out a "call to action" e-mail to the 60,000 people in his database urging them to send the $2,300 maximum-allowed contribution to Paul's campaign, describing this as one of the most productive uses for their rapidly fading U.S. dollars.