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The E-Sylum:  Volume 9, Number 38, September 18, 2006, Article 11

LIBERTY DOLLARS SCRUTINIZED BY U.S. MINT

Dave Perkins pointed out an article this week in USA Today
referencing the "Liberty Dollars" we've discussed in earlier
E-Sylum issues.

THE "LIBERTY DOLLAR"
esylum_v08n51a12.htm

IN DEFENSE OF THE LIBERTY DOLLAR
esylum_v08n52a20.html

The USA Today article discussed a new initiative by the U.S.
Mint to discourage the use of Bernard von NotHaus' alternative
currency:

"The government Thursday warned consumers and businesses that
it is illegal to use alternative money known as "Liberty Dollar"
coins, which organizers promote as a competitor to the almighty
dollar.

"We don't want consumers to be fooled," U.S. Mint spokeswoman
Becky Bailey says, noting U.S. Attorneys offices across the USA
have noticed a marked increase in inquiries about the coins.

The coins' producers vowed to fight the government's decision.

Evansville, Ind.-based National Organization for the Repeal of
the Federal Reserve Act and the Internal Revenue Code, otherwise
known as NORFED, has been making the Liberty Dollar coins for
eight years and claims $20 million is in circulation. The group
says the money, unlike official U.S. cash, has a hedge against
inflation because it is made almost entirely of silver and is
backed by stocks of silver and gold in a vault in Idaho."

"In a case in Buffalo, a man and his son are set to go on trial
next month after they knowingly tried to buy beer at a Buffalo
Sabres hockey game with Liberty Dollars.

The Mint did not say if government officials will seek to
prosecute individuals or NORFED after its warning."

To read the complete article, see:
Full Story

  Wayne Homren, Editor

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