Feds raid Liberty Dollar and seize and freeze everything

Feds raid Liberty Dollar and seize and freeze everything [align=left]GATA
Thursday, November 15, 2007[/align]
10:15am ET Thursday, November 15, 2007
Dear Friend of GATA and Gold:
The Liberty Dollar organization announced this morning, via the letter appended here, that federal agents today raised its offices in Evansville, Indiana, and confiscated all its property and equipment.
This moves seems extraordinarily bold considering that Liberty Dollar's right to operate already was being litigated in federal court.
Let's hope that Liberty Dollar soon can force the government to answer in federal court for today's action.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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Liberty Dollar Company Announcement
Thursday, November 15, 2007
Dear Liberty Dollar Supporters:
I sincerely regret to inform you that about 8 this morning a dozen FBI and Secret Service agents raided the Liberty Dollar office in Evansville, Indiana.
For approximately six hours they took all the gold, all the silver, all the platinum, and almost two tons of Ron Paul Dollars that were just delivered last Friday. They also took all the files and computers and froze our bank accounts.
We have no money. We have no products. We have no records to even know what was ordered or what you are owed. We have nothing but the will to push forward and overcome this massive assault on our liberty and our right to have real money as defined by the U.S. Constitution.
We should not be defrauded by the fake government money.
But to make matters worse, all the gold and silver that backs up the paper certificates and digital currency held in the vault at Sunshine Mint has also been confiscated. Even the dies for minting the gold and silver Libertys have been taken.
All this has happened even though Edmond C. Moy, the director of the U.S. Mint, acknowledged in a letter to a U.S. senator that the paper certificates did not violate Section 486 and were not illegal.
But the FBI and Secret Service took all the paper currency too.
The possibility of such action was the reason the Liberty Dollar was designed -- so that the vast majority of the money was in specie form and in the people's hands. Of the $20 million Liberty Dollars, only about a million is in paper or digital form.
I regret that if you are due an order, it may be some time until it will be filled, if ever. It now all depends on our actions.
Everyone who has an unfulfilled order or has digital or paper currency should band together for a class-action suit and demand redemption. We cannot allow the government to steal our money.
Please don't let this happen.
Many of you read the articles quoting the government and Federal Reserve officials saying the Liberty Dollar was legal. You did nothing wrong. You are legally entitled to your property. Let us use this terrible act to band together and further our goal -- to return America to a value-based currency.
Please forward this important alert so everyone who possesses or uses the Liberty Dollar is aware of the situation.
Please go here to sign up for the class action lawsuit and get your property back:
http://www.libertydollar.org/classaction/index.php
Thanks again for your support at this darkest time as the damn government and its dollar sinks to a new low.
Bernard von NotHaus, Monetary Architect
Liberty Dollar
Evansville, Indiana

This is why the Secret Service needs to have there wings clipped. Its illegal to own gold and silver over a certain quantity. Don't remember what that quantity is. What a country we live in.

Federal Government
The federal government is the national government, whose powers are limited by the Constitution to defense, foreign affairs, printing money, controlling trade and relations between the states, and protecting human rights.
United States Dollar and US currency information including currency exchange rates

Works Just Like
US Dollars
Just as FedEx brought competition to the Post Office and it became incredibly successful, the Liberty Dollar emulates the same model by offering an inflation proof currency. Now you can become incredibly successful too.

The Liberty Dollar brings free enterprise to the creation of money. Doesn't it just make sense that when the underlying commodity increases in value the purchasing power of the currency should increase in value? Well that is exactly what happened in 2005. The Liberty Dollar Moved Up from the $10 Silver Base to the new $20 Silver base and all Liberty Dollars DOUBLED in value. Just imagine, while your US Dollars are losing purchasing power, the Liberty Dollars are appreciating in value and rewarding everyone holding the new gold and silver currency that keeps pace with inflation.

Plus the Liberty Dollar is easy for merchants and customers use because it functions dollar-for-dollar with the US dollar as its "unit of account" is exactly the same.
Liberty Dollar

These people are producing this AGAINST the Constitution.....I'm SURE Ron Paul would agree. LOL

Have a good one!:s4:

there are plenty of mints around the country that make one ounce silver coins...anyone not totally ignorant of the subject would be aware of that...

"Many of you read the articles quoting the government and Federal Reserve officials saying the Liberty Dollar was legal."

apparently some here have not. there is nothing illegal about it.

Is It Legal?

Claudia Dickens, spokeswoman for the U.S. Treasury Department Bureau of Engraving & Printing, stated that according to the Treasury, The Liberty Dollar is legitimate.
"There's nothing illegal about this," Dickens said after the Treasury Department's legal team reviewed the currency. "As long as it doesn't say legal tender, there's nothing wrong with it."
Legal Opinion Letter
The Liberty Dollar is Legitimate!

The following letter provides a legal opinion regarding the issuance, negotiability and use of the proposed "Patriot" currency. Since this letter was written only the name has been changed to the Liberty Dollar.
June 10, 1998
Mr. G. Edward Griffin
PO Box 4646
Westlake Village, CA 91359
Re: American Patriot Currency
Dear Sir: Bernard von NotHaus, of Honolulu, Hawaii, has requested that I provide you with a legal opinion relative to the issuance, negotiability and use of a paper instrument titled "American Patriot Currency" (Patriot) designed by NORFED (National Organization for the Repeal of the Federal Reserve Act) for sale to the general public.
The paper instrument entitled Patriot is a combination of several objectives. In the first place, it is a sales receipt evidencing that the initial Buyer paid $10 in U.S. Federal Reserve Notes for the document of title to one (1) Troy ounce of .999 fine silver.
In the second place, it is a warehouse receipt evidencing the storage of the same one (1) ounce of silver by the warehouseman pursuant to the terms as set forth on the reverse side of the instrument.
Thirdly, the warehouse receipt is made negotiable thereby permitting free transferability without endorsement of the paper instrument payable to bearer.
Finally, the paper instrument is an expression of all U.S. citizensâ?? First Amendment right to petition for the redress of grievances through the use and acceptance of the Patriot like-minded parties supporting the same grievance.
I find that the Patriot is a valid negotiable paper instrument under the provisions of the Uniform Commercial Code (UCC) and its intended use protected by the bearersâ?? rights under the United States Constitution. Upon further review, I also find that the Patriot and its intended use is not in violation of any laws of the federal government of the United States or of the laws of any State in the United States.
Sales Receipt and Document of Title

On one side of the Patriot there is a sub-caption entitled "Silver Certificate" which evidences the Ten Dollar ($10) receipt in exchange for title to one (1) Troy ounce of silver. This is a certification that the Seller has received $10 and the Buyer ("bearer") has received a document of title to one (1) Troy ounce of silver.
A document of title is defined by the UCC as including bills of lading, dock receipts, warrants, warehouse receipts or orders for delivery of goods and also any other documents treated as adequately evidencing that the person in possession (Buyer/Bearer) of it is entitled to receive, hold and dispose of the document and the goods it covers. UCC 1-105(15).
Title passes to Buyer at the time and place at which Seller completes his performance with to the physical delivery of the goods. UCC 2-401(2). In this case involving the warehousing of the actual physical goods, title explicitly passes at the time and place the Seller delivers a document of title such as the Patriot. UCC 2-401(3)(a).
The manner of Sellerâ??s tender of delivery requires that the Seller put and hold the conforming goods at Buyersâ?? disposition and give the Buyer any notifications reasonably necessary to enable the Buyer to take delivery. UCC 2-503(c). In this case where the good (silver) is in possession of a bailee, such as a warehouseman, and are to be delivered without being moved, the sellerâ??s tender of a negotiable document of title covering such good and/or the procurement of the warehousemanâ??s acknowledgment of Buyerâ??s right to possession of the silver is sufficient to complete the Sellerâ??s tender of delivery of the goods. UCC 2-503(4)(a).
NORFED is empowered to engage in commerce and sell silver. When NORFED sells silver it can issue a document of title to the Buyer indicating that NORFED is in receipt of the $10 in exchange for the document of title to one (I) Troy ounce of .999 fine silver sold the Buyer.
First Amendment Rights

The second sentence under the Silver Certificate caption indicates that the acceptance and use of this negotiable document of title is an actual exercise of the bearerâ??s First Amendment right to petition for the redress of grievances; in this ease, grievances call for the repeal of the Federal Reserve Act and the Internal Revenue Code. This use of a paper instrument may be akin to an actual petition, which is protected speech under the First Amendment of U.S. Constitution. While a negotiable instrument such as the Patriot may be used as a cash substitute, the additional expressed connection to a First Amendment right of protected speech strengthens the protection for the bearer and the issuer. This statement, in effect, encourages the acceptance and use of the Patriot in the manner of a First Amendment exercise of oneâ??s free speech.
There are several cases in the Tenth Circuit Appellate District, which reaffirm the basic rights to free speech and the protection of such exercise in cases including financial instruments. These cases are NCBA v. US 951 F2d 1172 (1991), Granbouceh v. US 701 F2d 1172 (1983) and Pleasant v. Lovell 876 F2d 787 (l989). While in these cases the Court was very protective of "internal workings" of an organization as the protected right of association and First Amendment expression, NORFED, by issuance of this paper certificate as a form of membership, encourages the bearer to exercise their First Amendment right in the utilization and acceptance of the paper instruments as currency. Based on the reasoning found in the Tenth Circuit, I am confident that a Court would find that any interference by the government in the use of this paper instrument is too great an infringement on other protected First Amendment rights to prevent NORFED or any of its distributors from continuing to issue the Patriot.
The Patriotâ??s full name of American Patriot Currency is consistent with its First Amendment speech. Further, the silver-backed Patriot is designed as an alternative to current Federal Reserve debt-backed notes. The use of the term currency is thus consistent with the Patriotâ??s intended purpose and design to petition for the Repeal of the Federal Reserve Act and its currency connotes a medium of exchange by common acceptance, general use or prevalence. The Patriotâ??s petition, backed by silver, sets forth its message and its proposed solution through the use of the Patriot as currency. The use of the term American Patriot Currency expresses this message and proposed solution, as such, they are protected speech.
The United States Treasury Department or Justice Department have not acted to halt local paper instruments called "community currencies" that have sprung up in over 40 locations all over the country. In 1991, a Federal Reserve senior research officer approved a local currency pegged to the dollar such as the Patriot and even concluded that it is "quite likely that they (local currencies) are making people better off." (Correspondence dates July 2. 1991) from Walter Weber, Federal Reserve Bank of Minnesota.)
Negotiable Instrument

Negotiable Instruments have their modern origins in the Law of the Merchant, which was eventually absorbed into the common law. In 1882, the English enacted the Bills of Exchange Act. In the United States this act inspired the Uniform Negotiable Instruments Act (NIL) which was superseded by the Uniform Commercial Code Article III Commercial Paper, renamed Negotiable Instruments under 1990 Article III.
Of primary importance to a negotiable instrument is that the writing be made payable to bearer or to order.
There is no requirement of the Patriot requiring an endorsement to become a bearer. Possession alone determines the bearer. Further, the Patriot is on demand so that the bearer can at any time negotiate it to redeem the one (1) Troy ounce of silver warehoused. Under the terms of the reverse side of the Patriot setting forth the warehouse receipt, a bearer can redeem the silver represented by the Patriot at any time through surrender of the warehouse receipt to the warehouseman.
The negotiable warehouse receipt is akin to a promissory note under UCC Article III. In Article III, negotiable paper involved an engagement to pay money "to order" or "to bearer," UCC 3104(a), 3-412. Similarly in Article VII, a negotiable document of title involves an engagement to deliver identified goods "to order" or "to bearer," UCC 7-104, 7-403(4). This analogy notes one important distinction. Article Ill paper does not cover or represent any particular money. Nevertheless, this distinction does not impede the use of this warehouse receipt as a negotiable document of title similar to other cash substitutes for those in association willing to accept such documents as currency and those willing to utilize the patriot as such.
Warehouse Receipt

The Warehouse Receipt identifies the goods as one (1) Troy ounce of .999 fine silver. As such, each ounce of equally fine silver would be then in a class considered fungible goods. In UCC 1201(7), fungible is referenced to "by nature and usage of trade" with respect to the equivalent of any other like unit. In this case the warehouseman is warehousing single ounces of silver in lots determined by the numbered warehouse receipts. It is customary for silver dealers and precious metals warehousemen to segregate like units such as the silver ounces warehoused in this case. As fungible goods, each ounce of silver need not be kept separate. UCC 7-207(1). NORFED has required the Patriot warehouseman to conduct a monthly independent audit of the silver. In this way, NORFED has taken an extra step toward limiting the liability of the warehouseman to receipt bearers. This process will reduce concerns of over-issue of receipts as well as to limit liability exposure of the warehouseman to any challenge by any specific bearer or government authority.
The reverse side of the Patriot sets forth the terms of the Warehouse Receipt pursuant to the UCC 7-202(2). This section requires: (a) the location of the warehouse where goods are stored; (b) the date of issue; (c) consecutive number of receipts; (d) statement of negotiability to bearer; (e) rate for storage and insurance; (f) description of the goods; (g) signature of the warehouseman; and (h) a statement of any additional charges or warehouseman liens that may be incurred. The identity of the warehouseman, Sunshine Minting, satisfies the requirement that the receipt be issued by a warehouseman. Sunshine Minting has a long history in silver minting, sales and storage. Sunshine Minting is currently under contract with the United States government to provide silver planchets (blanks) for the minting of U.S. Silver Eagle coins. Further, all Patriots will be dated, numbered and signed upon issue.
The Patriot warehouse receipt has prepaid insurance and storage charges for five (5) years. Thereafter there is a charge based on the value of silver that will be added and paid upon surrender of the instrument. UCC 7-202(2)(e). A term of 20 years has been included within the terms. This will provide the warehouseman with a certain time when his obligations as warehouseman will be terminated. Expired warehouse receipts will have no further value and the goods will no longer be obligated to be held for the bearers. The Patriot warehouse receipt provides Bearer with the ability to surrender the document of title and receive the actual silver or a replacement negotiable document of title for an additional term of years.
Counterfeiting, Similitude and other U.S. Laws

I find that the Patriot is not in violation of any Counterfeiting or Similitude statutes of the United States. In the first place, the design and shape of the Patriot distinguishes it from the similitude regulation issued by the Treasury Department. The Patriot is considerably wider and shorter than is minimally required to avoid a similitude violation as to the size. Further, the Patriot makes no claim of issuance by the United States Government or the Federal Reserve. Secondly, there can be no confusion relative to the terms of the paper instrument of its face and back with Federal Reserve Notes. Finally, statements concerning its use and acceptance as a petition to the U.S. Government to repeal the Federal Reserve Act and the Internal Revenue Code demonstrates that the paper instrument is also a petition or a statement of the bearer relative to their protected speech. This distinction in use and acceptance should convincingly remove the instrument from considerations of counterfeiting or similitude type of violation since the basis of its use is set forth as a petition of grievances and not as a copy of the existing Federal Reserve Notes as money in the United States.
In summary, it is my opinion that the Patriot is a valid, negotiable paper instrument pursuant to the Laws of the Merchant codified in the UCC Article II, Ill and VII. As a negotiable warehouse receipt, a sales receipt and a document of title, this document is satisfactory in all respects. Relative to its intended use and proposed acceptance as a cash substitute, the exercise of the First Amendment rights by the bearer afford both the bearer and the issuer the protections of fundamental First Amendment rights. The Patriot is not purporting to replace or confuse the present legal tender in the United States. The Patriot is, in fact, an intentional distinction from Federal Reserve Notes used as money in the United States in its nature, design and message.
Paul J. Sulla, Attorney at Law
7359 Aleala Rd
Hanalei, Hawaii 96754
Telephone (808) 828-6611
Fax (808) 828-0054
Voice mail (800) 695-7940

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Originally Posted by pisshead

there are plenty of mints around the country that make one ounce silver coins...anyone not totally ignorant of the subject would be aware of that...

"Many of you read the articles quoting the government and Federal Reserve officials saying the Liberty Dollar was legal."

apparently some here have not. there is nothing illegal about it.

Is It Legal?

Claudia Dickens, spokeswoman for the U.S. Treasury Department Bureau of Engraving & Printing, stated that according to the Treasury, The Liberty Dollar is legitimate.
"There's nothing illegal about this," Dickens said after the Treasury Department's legal team reviewed the currency. "As long as it doesn't say legal tender, there's nothing wrong with it."
Legal Opinion Letter
The Liberty Dollar is Legitimate!

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Federal Government response
Numerous individuals within the US Government have been interviewed regarding the Liberty Dollar. One Secret Service agent stated "It's not counterfeit money" while remaining "skeptical" of NORFED. Another agent warned that the Liberty Dollar "appears to be in violation of Title 18, Section 514 of the United States Code."[11]

Claudia Dickens, spokeswoman for the U.S. Treasury Department's Bureau of Engraving and Printing, had previously said American Liberty Currency is legitimate. "There's nothing illegal about this," Dickens said after the Treasury Department's legal team reviewed the currency. "As long as it doesn't say 'legal tender' there's nothing wrong with it."[12]

In 2006 the U.S. Mint issued a press release stating that prosecutors at the Justice Department had determined that using Liberty Dollars as circulating money is a federal crime. The press release also intonated that the â??Liberty Dollarsâ?� are meant to compete with the circulating coinage (currency) of the United States and such competition consequently is a criminal act. [13][14]
Liberty Dollar - Wikipedia, the free encyclopedia

Local merchants find the Liberty Dollar particularly beneficial, as REAL MONEY is profitable, circulates freely, builds traffic, grows their business, and increases customer loyalty.
Liberty Dollar

Your right Pisshead, these ignorant people have been warned for a while that promoting this as legal tender is a criminal offense.

Once again, I'm SURE Ron Paul would agree as per the Constitution.....:D

Have a good one!:s4:

I don't think the treasury dept. wants any competition. Maybe they should just hire blackwater ops to wack everybody with Liberty.

Dude. wtf do you have against ron paul? Who are you voting for?

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Originally Posted by DurbanStone

Dude. wtf do you have against ron paul? Who are you voting for?

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not everyone is a fan of the constitution...

Ron has a lot of good ideas but he is extreme on some of his viewpoints. He's definitely libertarian in his opinions. Probably a lot of Americans just aren't ready not to have the feds lead them around like school children.

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Originally Posted by pisshead

not everyone is a fan of the constitution...

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I agree.......companies like this trying to bypass the Constitution in order to achieve their own lil' agendas should be punished. It's also a nice guide when lil' "they picked on me" articles come out....once ya dig past the shit that sells and find the facts, in accordance to the Constitution, things are usually much clearer.:D

Have a good one!:s4:

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Originally Posted by DurbanStone

Dude. wtf do you have against ron paul? Who are you voting for?

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It's a long way until the elections and I haven't decided which candidate to endorse.:D

FIRST a person has to get a handle on what they "state" that they're for on ALL issues and take it from there. I don't think that any of these so far fall into my realm of the "perfect" candidate. Then it's a matter of what means most or what you oppose so much.

Think it's time for a thread about our "Perfect Choice"......not about any of the assclowns currently in the picture.

Have a good one!:s4:

This is a terrible election cycle. The only one that stands out from the crowd is Ron Paul and he's too extreme for most Americans I think. All the others are just drones. You can't really tell where they stand on any issue. A little late for some one new to come out now so we're stuck with what we have. Pathetic.

I plan on attending the 2008 Liberty Forum [ Free State Project - Liberty in Our Lifetime ] and getting my hands on at least one liberty dollar. Then will join in on the class action suit.

Not too long ago..161 Federal Tax Charges, 0 Convictions

After almost four months of testimony and three and a half days of deliberation, the jury did not convict any of the defendants of any of the 161 crimes alleged. Although some defendants were acquitted of multiple counts, and several were acquitted completely, others may have to stand for a retrial if the Government brings charges a second time.

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Originally Posted by killerweed420

This is a terrible election cycle. The only one that stands out from the crowd is Ron Paul and he's too extreme for most Americans I think. All the others are just drones. You can't really tell where they stand on any issue. A little late for some one new to come out now so we're stuck with what we have. Pathetic.

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I didn't know the Constitution was extreme... all well.

If they would have marketed these coins as "commemoratives" there wouldn't have been a problem. A lack of common sense, life is hard on stupid people.



Here we go again, everybody else is fascist,intolerant, neo-whatever, part of the big conspiracy, but ANYONE who disagrees with pisshead on ANY subject is automaticly accused of not supporting the Constitution.:wtf:

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Originally Posted by pisshead

not everyone is a fan of the constitution...

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Originally Posted by Psycho4Bud

I agree.......companies like this trying to bypass the Constitution in order to achieve their own lil' agendas should be punished. It's also a nice guide when lil' "they picked on me" articles come out....once ya dig past the shit that sells and find the facts, in accordance to the Constitution, things are usually much clearer.:D

Have a good one!:s4:

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I wish our government would recognize the constitution...the federal government doesn't legally have the power to prevent us from using marijuana, and especially sick people whom it helps. But they do it anyways, because federalism for some reason doesn't mean shit in this current time..

I'm quite curious, p4b...you're one of the most pro-government people I know aside from one of my old teachers, and it was very hard for him to accept that I use marijuana to help me medically..What do you think of the government's war on marijuana?? Is it a great use of resources, to wage war on american citizens?

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Originally Posted by Psycho4Bud

Think it's time for a thread about our "Perfect Choice"......not about any of the assclowns currently in the picture.

Have a good one!:s4:

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Get it goin'! :thumbsup:

PC :smokin: