What I know about the Raid of Liberty Dollar

[DrNoZone]

Ok, it's been about as confirmed as I could ask for it to be at this point: Mark, co-host of Free Talk Live, spoke with Bernard about an hour ago and though he is in no shape to be interviewed, he did say that the raid was real and that it did happen.

What a sad day for America. What a sad day for every Liberty Dollar supporter. What a sad day for a man who's life is now ruined.

 

[LibertyEagle]

I'm with you man i had no idea so many people here collected medallions. isn't this the same company on QVC all the time?

No.

haha i just find all this funny and amusing,

Why is that?

What I find funny and amusing is all those who aren't worried about carrying around paper money whose value is dropping like a lead balloon and who carry around a pocketful of change whose precious metal content is now about equivalent to a small sheet of aluminum foil.

At least the Liberty rounds had real precious metals in them, as opposed to the coins being minted by our government for legal tender.

 

[Erazmus]

http://libertydollararrest.blogspot.com

http://www.libertydollar.org/classaction

 

[LibertyEagle]

What a sad day for America. What a sad day for every Liberty Dollar supporter. What a sad day for a man who's life is now ruined.

I'm sure he knew what he was up against. I haven't heard any fat lady singing yet, either.

 

[DrNoZone]

I'm sure he knew what he was up against. I haven't heard any fat lady singing yet, either.

None of that can downplay the fact that they just took his entire livelihood. As far as I know, this was his only source of income and they just came in and stole every bit of it.

 

[Drknows]

Well i dont know much about them since i dont invest in barter money or competing currencies. If ron paul makes it legal i might. But i dont see anything wrong with bullion.

But anyway.....

A proposed explanation for the FBI action is fraudulent pricing. One source claims that "...the minted gold, silver, and bronze coins were being sold at markups of between 25% and 400% on the actual value of the precious metals contained therein.

http://en.wikipedia.org/wiki/Liberty_Dollar

Looks to me they were making a HUGE profit.

 

[Erazmus]

Well i dont know much about them since i dont invest in barter money or competing currencies. If ron paul makes it legal i might. But i dont see anything wrong with bullion.

But anyway.....




Looks to me they were making a HUGE profit.

I'm sorry, I don't read wikipedia.

 

[maggiebott]

This is pure bullshit! Bernard was interviewed and said they were raided, yet he also says in the letter that the sunshine mint was raided and we have confirmed according to poster who called that it never happened.

As I see it right now, I was conned and Bernard has my gold which was paid for over three weeks ago. I smelled a rat when it didn't come in the original order and now this?

 

[Marc]

Could it be,

That maybe the paper money that they offer didn't have gold or silver to back it up? That's the only thing I can think of as to why you would call it fraud. I mean you don't have to use the coins they sell for anything. They can be collectors who just want to put the coin in a case, and that can't be seen as fraud can it?

Expect Wolf Blitzer and some "experts" to go on how all the Ron Paul supporters were fooled by the idea of the gold standard on CNN soon.

 

[dddienst]

coppers have stolen my coppers!

I believe it was making novelty money with RP's picture on it, but i'm not entirely sure.

It made Coins from Gold, Silver, and Copper and one set of coins has Ron Paul on it.

The thing that make this plausible is the company was in contention with the federal government because even though the company says the coins are not legal tender they push them for barter and maintain a list of companies that will take them in trade for goods and services.

Some people have gotten in trouble because they tried to pay for things as if it was legal tender.

I bought them because of their metal value and collectible value but would never try and pass it off as money.

If this story is true then the coppers have stolen my coppers!

 

[Broadlighter]

This news has caused me to ask some questions.

Rather than posting them here, I put them up on this Hot Topics thread:

http://www.ronpaulforums.com/showthread.php?t=37521

I'm just trying to make sense of this.

 

[LFOD]

Well its just barter money right? really though i had no idea so many here were into this stuff i feel like i just entered the twilight zone or something.

It's the principles, the laws, and the implications of this incident that are interesting to those of us who follow monetary policy in general, and specifically Ron Paul's proposal to allow competing currencies as a way to transition out of a collapsing dollar.

It's not just about gold and silver collectibles. This whole thing raises the question of whether there IS any legal "barter money" that the feds won't swoop and and declare illegal. An aggravating question if you'd prefer to find a way to protect yourself from a dollar crisis, instead of watching your purchasing power go up in smoke.

 

[richk]

Why would Meetup group members go to this place and identify themselves as Paul supporters?

No one here has ANY IDEA what, if anything, these Liberty Dollar folks have done.

What if it's plain old fraud? What if they were scammers? What if that's why they were arrested? Great, let's associate the campaign with that. You guys are declaring this company the victim of an unfair government crackdown, when you know nothing about them.

I haven't seen their books. Have you? I haven't sat in on their board meetings. Have you? I haven't scrutinized all of their business practices. Have you?

Again, this entire incident has ABSOLUTELY NOTHING to do with this campaign, and this is NOT a "Ron Paul Grassroots" topic.

Heck, the Barry Bonds indictment has more to do with Ron Paul's campaign than this.

Like it or not, it is very relevant. It is one of the things Dr. Paul is talking about: competing currencies. This outfit has been around for at least 10-15 yrs., and has had legal battles with the Treasury Dept. I have a few of the $20 Ron Paul coins and was expecting some copper coins to be sent to me. I know they have been used as a barter system; I do not see anything wrong with that.

 

[realitywiz]

Go to www.libertydollar.org. This is their web site.

Liberty Dollar is a legitimate operation. Here's what happened: the government STOLE real money! There was real gold and silver there, lots of it. And those who have the paper liberty dollars are (eh, were) able to redeem those for physical silver or gold.

This tyrannical act is a way to force us to use COUNTERFEIT Federal Reserve Notes even when its artificial "value" is being debased at an accelerating rate. The Liberty Dollar operation has been going on since 1998. The dollar is weakening every day, and it is no coincidence that LD has been raided at a time when people want to protect their purchasing power.

The greater implications are that the government can confiscate anything they want to, for any reason! If you have gold in your home, they may come raid your house. Or even seize money from your bank account. They can do anything! The principle is there, and so they can.

 

[fsk]

What was the Official Reason for the Liberty Dollar Raid?

I've been looking around and could not find an answer to this question:

According to the government, what was the official reason for the Liberty Dollar Raid?

In case you're wondering, "The government is run by chowder-heads" (or variants thereof), while accurate, are not an answer to my question.

 

[torchbearer]

They talk about the warrant a little bit in this Reason magazine blog post:
http://reason.com/blog/show/123543.html

 

[steph3n]

says fraud in the warrant

 

[thomaspaine23]

"don't steal the government hates competition...."

although in this case i'd say only the gubment was stealing.

 

[Melissa]

Actually it says money laundering and mail fraud trying to read the codes right now.

http://www.libertydollar.org/legal/pdf/seizure_warrent_20071114.pdf

 

[Smiley Gladhands]

Thanks to Melissa and DrNoZone for posting this link over in Hot Topics:

http://www.libertydollar.org/ld/legal/raid.htm

That's about as confirmed as it gets.