Update On Liberty Dollar Lawsuit with the Federal Government
This is an update direct from Bernard von NotHaus of the Liberty Dollar.
You will note the unusual statement in the last paragraph which points out, its legal to own but the Liberty Dollar’s use in everyday transactions is ‘in contention’. I’ve written about the Liberty Dollar before and it is a very interesting topic to follow as there are a reported 20 million dollars of these in circulation and growing. Also, in the United States there are dozens of other private currencies in use. Private currency is a concept which may be catching on big if the US economy continues to tank and the dollar deflates further. The Liberty Dollar is also electronic.
Saturday April 14, 2007
The US government has been served and we have our first firm date. The government must reply by May 25, as they have 60 days from date of service.
Immediately following the government’s reply, which we anticipate will be a denial, the judge will call a Scheduling Hearing with the opposing attorneys and layout the schedule for discovery, briefs, orals, with his decision to follow. Given that each of these four steps will take 30 days, plus the two months the government has to reply, means we will not have a decision until September 25. It is also given that the judge will take 30 days to render his decision. This is just over a year since the US Mint posted their warning on September 13th and just a week shy of our 9th Anniversary on October 1. Interesting timing.
Of course, another six months is a hell of a long time for the Liberty Dollar to hold its breath. As you are probably aware, we are struggling against less demand for Liberty Dollars and more legal expenses.
SO PLEASE READ THIS IMPORTANT NOTE: The US Mint has acknowledged that the Liberty Dollar is LEGAL. Director of the Mint Moy even acknowledged that the paper Silver Certificate was not illegal in a letter to a Senator! It is only the USE of the Liberty Dollar that is in contention. There is NO HARM in owning Liberty Dollars. There is nothing to fear. You are NOT going to be arrested.
Rumor also has it that the Liberty Dollar is creating a new ATM debit card for users, the Liberty Gold Card also is looking for beta testers.
Economists and politicians could care less that everyone living in the United States today must realize 20 times the average income of the year 1950 if they want to continue eating and living with a roof over their heads. As long as serving the money brokers who finance your debt is your destiny, why question their success?
My question is this:
Who (besides this corporation) is going to guarantee that all of the “little people” are going to get their money back, should they go belly-up?
Until this currency gains universal acceptance, it’s as valuable as an acre on the moon. I’ve got a bridge I’ll sell you, by the way.
Use of eviserated Fiat money means all users have already bought a “pig in a poke” so don’t loose sleep over your astute vigilence.
Cla
In response to Mr. Brenner: all the ‘little people’ that hold the currency will back it up. Fiat money only works thru faith and/or lack of an alternative. Liberty dollars whether metal or paper are backed by precious metals AND THE FAITH OF EVERYONE WHO KNOWS THE VALUE OF PRECIOUS METALS. I worry too, but your worry can find many better targets here in the USA in 2007.
What are they so afraid of? If the dollar tanks why should we put up with their monetary policies? They are demanding a one world Govt. so let us play too. This is the ultimate hiprocracy. They trash the U S and we can’t profit too. Patriots rise and tell our local representatives to side with Ron Paul or they’re gone.