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Originally posted by mythatsabigprobe
I don't think Ron Paul endorsed it and I strongly suspect that the Liberty dollars are a scam. As far as I know, only the Federal Reserve can issue legal tender.
Originally posted by mythatsabigprobe
If their offices were raided it was probably for good reason, and if they weren't raided, the guy's just done a runner with a lot of people's money.
Google Video Link
Originally posted by Titen-Sxull
Funny, the actual dollar is barely affiliated with the United States Government as its printed by a private bank
In March 1964, Secretary of the Treasury C. Douglas Dillon halted redemption of Silver Certificates for Silver Dollars. In the 1970s, large numbers of the remaining silver dollars in the mint vaults were sold to the collecting public for collector value. Silver Certificates were abolished by Congress on June 4, 1963 and all redemption in silver ceased on June 24, 1968. Paper currency is still valid legal tender without the Silver Certificate, instead being backed simply by the strength of the U.S. economy. According to the U.S. treasury, "The notes have no value for themselves, but for what they will buy. In another sense, because they are legal tender, Federal Reserve notes are "backed" by all the goods and services in the economy."
A partial list of merchants accepting Liberty Dollars can be found online . However, it should be noted that according to the U.S. Department of Justice: "the use of these gold and silver NORFED "Liberty Dollar" medallions as circulating money is a Federal crime". 
Critics of the Liberty Dollar include Carl Watner, who publishes the voluntaryist newsletter The Voluntaryist, and Las Vegas libertarian writer Vin Suprynowicz, who refers to Liberty Services as a multi-level marketing system.
Some critics, including Watner, agree with the concept of hard money but disagree with Liberty Services' implementation, saying the "silver base" is extremely rigid compared to the spot price of silver, and recommend instead the use of generic silver rounds as currency. Furthermore, critics assert that stamping a dollar amount on the Silver Liberty defeats the purpose of measuring money in terms of weights of specie, and that the design of the piece may confuse some people into thinking that the Liberty Dollar is legal tender (forced tender) rather than a voluntary private currency.
A private currency is a currency issued by a private institution. It is often contrasted with fiat currency issued by governments.
In many countries, the issue of private paper currencies is severely restricted by law. However, in Scotland and Northern Ireland private sector banks are licensed by the government to print their own paper money.
Today there are several privately issued electronic currencies in circulation, such as digital gold currency, that function as money. Transactions in these currencies represent an annual turnover value in billions of US dollars.
Originally posted by Rockpuck
You know, granted I am a pessimist.. but I get the most uncomfortable feeling in this country anymore.. big changes are heading our way. Big indeed.
EVANSVILLE, Ind., Oct. 15 /PRNewswire/ -- In an all-out battle, Liberty Dollar in Evansville, Indiana, has issued the 2008 Peace Dollar to "Stop the War." As if President Bush's unpopular war does not have enough problems, the Peace Dollar appears to offer an attractive way for the antiwar forces to gain strategic ground at a profit. Link
Originally posted by Togetic
I'd love for someone to tell me what the difference is between "Liberty Dollars" and "Beanie Babies."
I've seen a copy of a Nov. 9 seizure warrant on an Asheville, NC, address, not available online, claiming that Liberty Dollars at that address are forefeitable for being connected with money laundering and mail fraud.
Liberty Dollar Reportedly Raided by FBI