Filed under: central bank, copper, Credit Crisis, DEBT, Economic Collapse, economic depression, Economy, Federal Reserve, gold, Great Depression, Greenback, Inflation, IRS, liberty dollar, Oil, silver, Stock Market, US Economy | Tags: Schroder Investment Management, steel pennies
Gold Could Reach $5,000 On Inflation
Bloomberg
June 21, 2008
Gold prices may rise to $5,000 an ounce as investors seek to protect themselves against accelerating inflation, said Schroder Investment Management Ltd., which oversees $277 billion of assets globally.
“You could easily see for the next several years that prices rise not to $1,000 an ounce, but prices rise to $5,000 an ounce or beyond as inflation psychology becomes more and more embedded and people become desperate to have a source of value,’’ said Christopher Wyke, London-based emerging market debt and commodities product manager at Schroder, which oversees about $10 billion of commodity assets.
Investors are turning to gold for protection as two-thirds of the world’s population cope with inflation rates that are climbing to more than 10 percent, Wyke said. Cash and inflation- linked bonds are poor substitutes as low interest rates, coupled with surging inflation, erode the real value of assets, he said.
Bullion for immediate delivery was down 0.2 percent at $892.48 an ounce at 9:57 a.m. in Singapore, after gaining 3 percent in the past four days. Wyke didn’t give a time frame for his gold prediction.
Demand for gold will also rise as central banks become net buyers for the first time in 20 years, driven by developing countries, he added. Last year, world production of gold sank to the lowest since 1937 as reserves are depleted and few new sources of gold have been found.
Inflation Fears May Push Gold Back To $1,000
Reuters
June 16, 2008
Gold is poised to climb back above $1,000 per ounce this year, as inflationary pressures and financial turmoil prompt investors to seek shelter in the metal used as a store of value.
But the caveat is gold’s fortunes are traditionally strongly tied to the movement of the dollar and significant turnaround in the weak U.S. currency could limit its rally.
“There’s a good chance that it may go back above $1,000 in the short- to medium-term,” said Richard Davis, a London-based fund manager at BlackRock.
Record high oil prices, a soft dollar and turbulence in the banking sector sparked by the credit crunch pushed gold to a record high of $1,030.80 per ounce on March 17.
Since then the metal has lost around 15 percent.
http://mises.org/story/3011
Government Sued Over Seizure Of Liberty Dollars
http://www.nysun.com/national/go..re-of-liberty-dollars/80368/
France to Issue Gold and Silver Coins as Legal Tender?
http://sybilstar.blogspot.com/2008/..t-expert-on-legalities-of.html
The Gold Confiscation Of April 5, 1933
http://www.the-privateer.com/1933-gold-confiscation.html
Silver, Gold and the IRS
http://www.newswithviews.com/brownfield/brownfield67.htm
Silver Eagle Shortage Raises Questions
http://www.mineweb.com/..id=53852&sn=Detail
Don’t Be Afraid Buy Gold
http://www.321gold.com/editorials/schiff/schiff053008.html
Filed under: Benazir Bhutto, Big Banks, Britain, central bank, China, Chrysler, credit card, Credit Crisis, DEBT, ECB, Economic Collapse, economic depression, Economy, Euro, Europe, european central bank, FBI, Federal Reserve, gas prices, gold, gold confiscation, google, Great Depression, Greenback, housing market, Inflation, interest rate cuts, Iraq, liberty dollar, Oil, Pakistan, Petrol, pound, rate cut, Rawalpindi, Saudi Arabia, Stock Market, subprime, subprime lending, United Kingdom, US Economy
Gold rises above $830 over Pakistan
The Times
December 28, 2007
Gold put in a stellar performance again after fears of political instability in Pakistan in the wake of the assassination of opposition leader Benazir Bhutto sparked a flight to safety.
Gold has traditionally performed well in times of uncertainty and has maintained its reputation as a safe-haven investment despite recent price volatility.
The precious yellow metal was trading $11.47 firmer at $836.77 at 17:35 after safe-haven buying triggered a new test of previous multi-decade highs.
Spot prices had been languishing well below the US$830 an ounce mark when they were jolted from a month-long slumber yesterday afternoon as news of Bhutto’s death aroused concerns over heightened geopolitical tension.
The metal climbed to US$830.50 on the news but a brief round of profit taking saw it finish slightly easier yesterday at $827.50.
Bhutto died when an attacker shot her and then blew himself up as she left a political rally in Rawalpindi, a city near the capital where Pakistan’s army has its headquarters.
It was the second suicide attack against her since her tumultuous homecoming from an eight-year exile in October.
Her assassination has sparked nationwide grief and fury, while unrest risks tipping the volatile country into chaos.
Bhutto was buried earlier today and along with her the promise of restoring democracy in Pakistan.
“For the moment resistance at the $830 level appears to be capping gold, however with the dollar under pressure and violent protests seen in Pakistan it is likely that gold could see further safe-haven investment demand, and potentially rise to challenge this years high around $845.60,” said James Moore of TheBullionDesk.
With political tensions providing the environment of uncertainty that gold enjoys, the momentum in gold prices remains to the upside for now.
Oil steady near $97 on lower US stocks, Bhutto
Reuters
December 28, 2007
Oil rose on Friday on U.S. supply concerns, the slumping dollar and mounting tensions in Pakistan and northern Iraq.
U.S. crude traded up 23 cents to $96.85 a barrel by 12:05 p.m. EST. London Brent gained 12 cents to $94.90 a barrel.
A U.S. government report on Thursday showed unexpectedly large draws in crude and distillate inventories in the world’s top consumer. U.S. crude inventories are now at their lowest level in nearly three years, adding to winter supply worries that helped push oil to nearly $100 in November.
“Escalating geopolitical tensions, tightening oil supplies and a weakening dollar would seem to stack the deck in favor of further upward movement,” said Mike Fitzpatrick, vice president at MF Global.
The assassination of Pakistani opposition leader Benazir Bhutto on Thursday stoked geopolitical concerns, although Pakistan is not a major crude producer and unrest is unlikely to directly affect oil flows.
“The Bhutto story will keep being a factor into next week, and it should help keep a floor under the market, along with the other geopolitical uncertainties,” said a New York broker.
Forex – Dollar falls continue on weak US data; Euro at record high vs pound
Thompson Financial
December 28, 2007
The dollar fell across the board, coming under further pressure after a string of weak US data, while yet another disappointing report on the UK housing market pushed the euro to fresh record highs against the pound.
Yesterday’s unexpectedly weak US durable goods orders data added to fears about the state of the US economy and increased the likelihood that the Federal Reserve will need to cut interest rates further next year.
‘US economic data continues to disappoint the market with yesterday’s worse-than-expected durable goods orders for November adding further downside pressure to the greenback,’ said James Hughes, market analyst at CMC Markets.
The European Central Bank by contrast is not expected to temper its hawkish rhetoric any time soon, particularly with regional German inflation figures suggesting that the inflation pressures it warned of have not gone away.
The euro rose to a 15-day high against the dollar of 1.4682 usd, but it also staged fresh gains against the pound, hitting a new record high of 0.7350 stg.
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Dollar Strategists Predict End of Bear Market in 2008
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Wage Slavery For Elderly People
http://www.truthnews.us/?p=1411
Chrysler CEO: We Are Operationally Bankrupt
http://money.cnn.com/2007/12/2…stversion=2007122107
US braces for baby boom retirement wave
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Bank’s Face Financial Turmoil
http://news.yahoo.com/s/afp/200712…XWQKEAn6oLKKoOrgF
Credit Loss Could Hit $1 Trillion
http://www.theaustralian.news…22973589-643,00.html
Oil Rises On Inventory Shortfalls
http://biz.yahoo.com/ap/071227/oil_prices.html?.v=18
Growing Credit Card Debt In US Prompting Warnings Of Worse To Come
http://www.businessweek.com/ap/financialnews/D8TNB7E00.htm
October Home Prices Post Record Decline
http://biz.yahoo.com/rb/071226…mesindex.html?.v=7
No Trial, No Conviction: FBI Steals Millions of Dollars Worth of Gold
http://cryptogon.com/?p=1731
China’s New Oil World Order
http://www.bloomberg.com/apps/news?pid=2060….QO2SvA7w&refer=china
Denmark Bank predicts Ron Paul presidency and U.S. depression
http://www.usadaily.com/article.cfm?articleID=210132
Saudi Arabia fatwa against the dollar
http://blogs.telegraph.co.uk/busine..ber07/fatwa.htm
Goodbye to the $2 pound in 2008
Fed promises as much money as the banks want
Ethanol Blamed For Food Price Hikes
7 economic warning signs: Could a small shock push the economy over the edge?
Zimbabwe Woe As Banks Stay Shut
People & Power – Death of the dollar
Growing number of Americans expect recession: poll
Gold climbs above $800 in London as dollar drops; silver gains
Northern Rock Rescue Cost $100B
US Inflation Soars – Largest Rise in Producer Prices Since 1973!
US foreclosure filings up 68 pct in Nov.
U.S. Dollar’s Credibility Being `Stretched,’ UBS Economist Says
US Federal Reserve’s subprime regulations shield Wall Street banks
Economy teeters on brink, says Resler
GAO Says Government Failed Yet Another Financial Audit
One in Five Americans Must Borrow to Heat Homes This Winter
Morgan Stanley secures $5bn from China
CNN: Ron Paul Says U.S. Going Broke
ECB Offers Banks Unlimited Funds
Overstock.com CEO warns of depression
Filed under: 2008 Election, Bernard Von Nothaus, CNN, GOP, liberty dollar, Media, MSNBC, poll, Ron Paul, ron paul blimp, Rudy Giuliani, tucker carlson, Wolf Blitzer
Giuliani: “The Ron Paul people are all over the country”
http://www.youtube.com/watch?v=D0_Q4IdjXJI
Ron Paul: A True American Underdog Story
http://www.youtube.com/watch?v=-wucR65Q9OA
Tucker on Ron Paul Blimp
http://www.youtube.com/watch?v=wIFsq0KEeHc
CNN is 1st on TV to do a Ron Paul Blimp Report
http://www.youtube.com/watch?v=8Y6WtEQfyM0
Don’t Be THAT Girl – Ron Paul AD
http://www.youtube.com/watch?v=PCSTHykU8dU
Profiles of “Fringe” People Supporting Ron Paul: Professionals, Housewives, Small Business Owners
http://www.mcclatchydc.com/226/story/22661.html
Are Polls Deliberately Falsified or Just Not Accurate
http://www.jbs.org/node/6556
Liberty Dollar Fights Back
http://www.thestreet.com/s/lib…93515.html?puc=googlefi
Guy covers car with Ron Paul stickers
http://www.youtube.com/watch?v=JeXBuVRiDPM
Ron Paul Takes Ads To New Heights
http://www.washingtonpost.com/w…7/AR2007120702497.html
Zeppelin To Tour America!
http://www.infowars.net/articles/december2007/071207Blimp.htm
Filed under: Bernard Von Nothaus, Chris Matthews, CNN, cnn debate, florida, florida straw poll, GOP, liberty dollar, moneybombs, MSNBC, New Hampshire, Republican Debate, republican straw poll, Ron Paul, Rudy Giuliani, virginia straw poll, youtube debate
Ron Paul Wins Virginia Straw Poll
Tyler Whitley
Richmond Times Dispatch
December 2, 2007
ARLINGTON — Texas Rep. Ron Paul easily won a presidential poll at a Republican Party of Virginia conference here yesterday.
Paul polled 182 out of about 500 votes cast. Former Tennessee Sen. Fred Thompson finished second with 112 votes, and former Arkansas Gov. Mike Huckabee finished third with 51 votes.
The straw poll was held at the 24th annual Republican Advance, generally attended by activists and grass-roots workers, at the Hyatt Regency Crystal City Hotel in the Washington suburbs.
Republican officials dismissed the poll’s outcome, noting that Paul has been concentrating on winning straw polls all over the country.
Paul bused in young supporters. They waved signs and shouted loudly when his name was mentioned.
“He brought people in here. What is more critical to look at is who finished second and third. That is a more true indicator of the feelings of the Republican Party of Virginia,” said Tucker Watkins of Randolph in Charlotte County, a former 5th District GOP chairman.
Virginia Republicans and Democrats will each hold presidential primaries on Feb. 12. Because several other states have earlier votes, many observers think the nominees of the two parties will be decided by the time Virginians choose.
The major candidates, occupied in Iowa or New Hampshire where the earliest nominating contests will be held, sent surrogates yesterday.
The meeting brought good news for former Gov. Jim Gilmore, who is seeking the party’s nomination to run for the U.S. Senate. A prospective opponent, Del. Christopher B. Saxman of Staunton, said he would not seek the nomination. He said he would not be able to raise money while the General Assembly is in session this winter and so would not be able to mount a credible candidacy.
Del. Robert G. Marshall of Prince William has hinted that he might run, but he did not show up and had a friend read a statement prepared by him which indicated he likely would not run.
Gilmore in a brief speech to the Republicans, urged against defeatism and said he could beat former Gov. Mark R. Warner, a Democratic candidate for the seat now held by Republican Sen. John W. Warner, who is retiring.
“We’ve won two statewide contests [attorney general and governor], we’ve carried Northern Virginia twice,” Gilmore said.
Media Getting Wind of Ron Paul Blimp
Colette Von Hessen
Nolan Chart
December 1, 2007
It was bound to happen. The mainstream media are starting to get wind of the Ron Paul Blimp. Yes, you read that correctly — a blimp. In case you have been hiding under an Internet boulder, Ron Paul’s wildly creative and resourceful supporters have been up to their old tricks again, much to the dismay of leftists around the country. I’m sure the neocons at Redstate will have their fun with this one, too — they surely miss the traffic now that they’ve banned Ron Paul supporters from posting anything about the candidate on their blogs. Ron Paul? Das ist verboten! But back to the dirigible: a blimp is born, and his name is Who is Ron Paul?
The Los Angeles Times published a piece today called “Foot Soldiers for the Ron Paul Revolution.” Yes, you read that correctly: the L.A. Times actually referred to the revolution as just that, a revolution. In the article they mention the Ron Paul Blimp as part of a laundry list of decentralized campaign achievements at the grassroots level: “One Colorado backer quickly raised more than $350,000 online this week, with a plan to launch a Ron Paul blimp.”
Who in the old media will be next to discover the airborne Paulmobile? We’ll be waiting…
Ground Hounds: You Tube Debates (Ron Paul-O-Rama)
http://www.youtube.com/watch?v=s_ffYLwLGYA
Ron Paul talks about his post-debate chat with Rudy
http://www.youtube.com/watch?v=mBxiIMclI3E
Ron Paul post-debate interviews in CNN’s Spin Room
http://www.youtube.com/watch?v=OnzQ8YxaktI
Ron Paul SAVED My Life
http://www.youtube.com/watch?v=rM2PEy7cJOw
Chris Matthews: I would like to do a whole hour with Ron Paul
http://www.youtube.com/watch?v=ExzSt3J50nc
Florida GOP Official Threatens Ron Paul Straw Poll Voter with Violence
http://www.nolanchart.com/article355.html
Ron Paul Tea Party 2007 Contributions betting odds released
http://www.ogpaper.com/news/news-01388.html
Liberty Dollar Creator Claims Raid is Linked to Paul Campaign
http://www.courierpress.com/new….s-raid-is-linked-to-paul-campaign/
Ron Paul and the Media Bias
http://www.gambling911.com/Ron-Paul-120207.html
Video: Ron Paul Battle Wagon
http://www.youtube.com/watch?v=FISUvHU2GcU
Foot soldiers for the Ron Paul revolution
http://www.latimes.com/news/prin…?page=2&track=mostemailedlink
Ron Paul fund raiser considers Paul a Civil Rights Leader
http://www.usadaily.com/article.cfm?articleID=183100
Trevor Lyman Set up Ron Paul National Agency Biz?
http://www.freemarketnews.com/WorldNews.asp?nid=52059&fb=1
A shocking report Inside the Ron Paul conspiracy
http://latimesblogs.latimes.com/washington/2007/11/theronpaulconsp.html
Ron Paul ‘Live Free’ NH Set at ‘Five for Freedom’ Site
http://www.freemarketnews.com/WorldNews.asp?nid=52058
Filed under: dennis hof, Federal Reserve, Hillary Clinton, liberty dollar, Media, MSNBC, Ron Paul, Rudy Giuliani, tucker carlson
Pathetic Ron Paul Brothel Media Smear Fails
Steve Watson
Infowars.net
November 27, 2007
Another crass and pathetic smear attempt against Ron Paul failed yesterday as some news organisations, including the AP, attempted to link the Congressman to a pimp without making it clear that the entire charade was an idiotic stunt set up by MSNBC’s Tucker Carlson.
The AP put out a story simply titled Paul Endorsed by Nevada Brothel Owner which began “Republican presidential candidate Ron Paul, an underdog Texas congressman with a libertarian streak, has picked up an endorsement from a Nevada brothel owner,” Dennis Hof.
The obvious suggestion here was that Ron Paul has been soliciting such endorsement. However, as mentioned and somewhat glossed over at the very end of the article, it was Tucker Carlson who contacted Hof to ask him to check out Ron Paul and arrived with him at Ron Paul’s Reno news conference along with two of Hof’s prostitutes. The media in attendance jumped on the opportunity to focus in on the ridiculous publicity stunt which had nothing to do with Ron Paul’s campaign whatsoever.
It is clear that the provocative headline from the AP, which was also displayed during an MSNBC interview with Ron Paul himself, broadcast earlier today (see video below) was designed to give readers the impression that Ron Paul is the presidential candidate of pimps and prostitutes.
However, Ron Paul laughed off the pathetic smear attempt by sarcastically suggesting that he was going to have a meeting later on regarding the matter and that he hoped MSNBC wouldn’t be bombarded with too many Ron Paul bumper stickers.
http://www.youtube.com/watch?v=qSvYwOAOh3k
While Dr Paul stressed that he believes law-enforcement and moral issues should not be decided upon by the federal government, he expertly explained that personally he does not condone such activity.
This latest smear attempt again proves the fact that Ron Paul and his campaign message is untouchable as the establishment media continues to go after him by association.
Ron Paul Visits Myrtle Beach – ABC News
http://www.youtube.com/watch?v=v_Gx3jP1FCk
Tucker Carlson Brings Prostitutes To Meet Ron Paul
http://www.nationalexpositor.com/News/722.html
Ron Paul at MSNBC
http://www.lewrockwell.com/blog/lewrw/archives/017204.html
Ron Paul for president? Signs say so
http://www.jconline.com/apps…27/OPINION01/711270351
Ron Paul supporter hopes lightning will strike twice
http://www.politico.com/news/stories/1107/7055.html
A Bright Shiny Lesson in Government Theft: How the Feds Seized My Silver Dollars
http://nomoregames.net/index.php?….&subpage1=bright_shiny
Ron Paul ‘Money Bomb’ History Staked
http://freemarketnews.com/WorldNews.asp?nid=51889
Rudy or Hillary: Pick Your Poison
http://www.counterpunch.org/roberts11272007.html
Filed under: 2-party system, 2008 Election, Alex Jones, Anti-War, Barack Obama, C-Span, Coup, Fox News, George Bush, GOP, Hillary Clinton, Iran, Iraq, John Edwards, left right paradigm, liberty dollar, Mike Huckabee, military strike ww4, Mitt Romney, Neolibs, New Hampshire, Patriot Act, poll, Ron Paul, Rudy Giuliani, Tommy THompson, zogby
Zogby Analyst Says Ron Paul Strongest Contender to Beat Hillary
Texas Congressman’s popularity amongst Democrats, Independents outstrips Giuliani, Romney, Thompson, Paul is only chance of smashing Bush-Clinton power monopoly
Paul Joseph Watson
Prison Planet
November 23, 2007
Zogby’s Director of Communications and polling analyst Fritz Wenzel says that Congressman Ron Paul is the strongest of the Republican frontrunners to go up against Hillary Clinton, underlining the fact that the rest of the field are just ringers as the establishment prepares to install Clinton and prolong the Bush-Clinton power monopoly.
“Among Democrats, yes, he would be a much stronger candidate than any of the other three (Romney, Giuliani, Thompson)” Wenzel told the Alex Jones Show yesterday.
A new Zogby poll commissioned by Jones Productions found Ron Paul the GOP winner in a blind poll that included Democrats, Republicans and Independents nationwide.
“He is anti-war and the majority of Democrats are anti-war, he has some other ideas and policies and stances on issues more attractive to Democrats, particularly conservative Democrats,” said Wenzel.
“Even among independents, he is far and away a more attractive candidate,” he added.
As we have highlighted before , Ron Paul is the only Republican candidate who will not seek to lead the U.S. into a military confrontation with Iran, something that leading Democrats Obama, Clinton and Edwards have all vowed to keep “on the table.”
Ron Paul voted against the war in Iraq and the Patriot Act, both of which were supported by Hillary Clinton.
Every other Republican candidate besides Ron Paul stands no chance of coming out on top if they go up against Hillary Clinton for the 2008 presidency.
Wenzel agreed that Ron Paul’s momentum is something that outstrips all the other candidates and gives him a real chance of performing well.
“He’s right on schedule,” Wenzel said. “He’s making all the right moves, going in the right direction…at a time when other candidates are not moving.”
Wenzel based his analysis on recent nationwide polls that show Ron Paul could win in New Hampshire and find his support intensifying with room to gain.
“Here’s why his timing is almost perfect. He’s moving up…but it’s not so early that he’s going to get a big backlash,” Wenzel added.
“6 weeks to 8 weeks out before an election is about the time if you’re going to make a big move from the back to the front– that’s when you want to make it,” he concluded.
Ron Paul Talks to Neal Cavuto
http://www.youtube.com/watch?v=tIPFWQoryP0
http://www.youtube.com/watch?v=7GoG6sKis-M
Ron Paul on Bloomberg TV
http://www.youtube.com/watch?v=rUO9r36bVsQ
Ron Paul Is Already President of the Youth Nation
http://www.youtube.com/watch?v=tbg4nPMU088
Paul’s fundraising powers could put him in league with the 2 GOP leaders
http://www.star-telegram.com/elections/story/321926.html
C-SPAN: Huckabee vs. Paul analysis by Jonah Goldberg
http://www.youtube.com/watch?v=1Q5tgbbTTuw
Ron Paul: I Won’t Vote GOP In ’08, They’re Too Pro-War
http://www.thecarpetbaggerreport.com/archives/13702.html
Zogby Analyst: Ron Paul Timing “Almost Perfect”
http://www.jonesreport.com/articles/201107_zogby_rp_perfect.html
Paul Expects to Raise More Than $12 Million in Fourth Quarter
http://www.bloomberg.com/apps/n…xFg&refer=home
Liberty Dollar Raid Positive For Ron Paul
http://blog.washingtonpost.com/…d_enough_for_mickey.html
Why Ron Paul Needs Our Donations NOW: Plea for Immediate Funds Sparks New Donation Drive
http://infowars.net/articles/november2007/231107Donation.htm
Filed under: Bernard Von Nothaus, FBI, Federal Reserve, glenn beck, gold, liberty dollar, Raid, Ron Paul, secret service, US Constitution
Creator Defends Liberty Dollar
http://www.youtube.com/watch?v=ReIz3u5g5o0
Bernard Von Nothaus On Glenn Beck
http://www.youtube.com/watch?v=IvHhqr8OeFc
Ron Paul On Liberty Dollar Raid
http://www.youtube.com/watch?v=XhWRDP8v9ss
If It’s Good Enough For Mickey, Why Not For Paul?
http://blog.washingtonpost.com/the…d_enough_for_mickey.html
‘Spectacular Trial’ Is Seen in Case of Liberty Dollar
http://www.nysun.com/article/66642?page_no=4
Feds raid ‘Liberty Dollar’ operations in Idaho and Indiana
http://seattlepi.nwsource.com/local/6420ap_id_liberty_dollar_raids.html
Filed under: Bernard Von Nothaus, FBI, Federal Reserve, gold, liberty dollar, Raid, Ron Paul, secret service, US Constitution
FBI Raids Liberty Dollar Office – Confiscating Ron Paul Dollars
Courier News
November 15, 2007
http://www.youtube.com/watch?v=4_sSipUrBG0
http://www.youtube.com/watch?v=lg8P9dNXTEg
The future of an Evansville-based company that produces a “private voluntary barter currency” known as the Liberty Dollar is in question after federal agents raided the facility this week, according to an e-mail sent by its founder.
Federal officials reportedly raided the group’s headquarters, located in a strip mall at 225 N. Stockwell Road, early Wednesday morning and seized documents and precious metals.
FBI Agent Wendy Osborne, a spokeswoman for the FBI’s Indianapolis office, directed all questions on the raid to the Western District of North Carolina U.S. Attorney’s Office. A spokeswoman there said she had no information on the investigation.
Bernard von NotHaus, the group’s monetary architect and the author of the e-mail, did not immediately respond to a message seeking comment.
Von NotHaus developed the Liberty Dollar in 1998 as an “inflation-proof” alternative currency to the U.S. Dollar, which he has claimed has devalued since the Federal Reserve was established in 1913. The silver medallions are produced by a private mint in Idaho on behalf of Evansville-based Liberty Services, which also issues paper notes which the group says are backed by silver reserves.
Liberty Dollar employees were at the office this morning cleaning up after the raid. They referred all questions to von NotHaus.
According to the e-mail, about a dozen agents arrived Wednesday morning and seized gold, silver, platinum and nearly two tons of recently delivered Ron Paul Dollars. They also took all the files, all the computers and froze the group’s bank accounts, the e-mail said.
“We have no money. We have no products. We have no records to even know what was ordered or what you are owed,” von NotHaus wrote in the e-mail, which was sent to Liberty Dollar customers. “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 US Constitution. We should not to be defrauded by the fake government money.”
The e-mail said the gold and silver that backs up the paper and digital currency was confiscated, as were the dies used to mint the Liberty Dollars themselves. As a result, it warns that recent orders placed for Liberty Dollars may not be filled and it encourages supporters to band together for a class action lawsuit.
The e-mail repeatedly defends the Liberty Dollar as legal.
“You did nothing wrong,” von NotHaus wrote. “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.”
U.S. Raids Issuer of Ron Paul Coins
http://www.nysun.com/article/66542?page_no=1
In Paul They Trust (The Feds May Differ)
http://www.washingtonpost.com/wp….id=topnews
Liberty Dollars Stolen To Protect Money Trust
http://www.roguegovernment.com/news.php?id=5040
Feds raid Liberty Dollar and seize and freeze everything
http://www.gata.org/node/5738
Ron Paul Dollars Soar Above $200 on eBay After Raid on Liberty Dollar
http://www.jonesreport.com/articles/161107_ron_paul_dollars.html
noworldsystem.com 