Comments on: Liberty Dollar Raid Calls to Question Constitutionality of Independent Currency http://www.bloggernews.net/111739 High-quality English language analysis and editorial writing on the news. Wed, 08 Oct 2008 06:09:17 +0000 http://wordpress.org/?v=2.3.3 By: Zcoins Creator http://www.bloggernews.net/111739#comment-131685 Zcoins Creator Tue, 20 Nov 2007 08:00:22 +0000 http://www.bloggernews.net/111739#comment-131685 I think the raid was timed to both eliminate a competitor which had a chance of at least providing a little bit of relief from the currency devaluation the FRN's are currently in and also to discourage other would-be currency competitors from entering the business. It doesn't matter whether the Feds eventually have to give everything back to Liberty Services. What matters is that they have dealt a blow to an instrument that potentially posed a real danger to the dollar, at this very precarious time in which the dollar is to be destroyed. The Feds want no monetary saviors popping up. The ALC was a good idea, but they they made some mistakes, such as keeping everything too centralized, using too-similar wording on the coins and certificates to the dollar, etc. I wrote to Bernard when he asked for offers on the CEO position (which was eventually filled and then open again) both times that position was available and asked him to incorporate Zcoins ideas into the ALC, but I was never considered for the position. In hind sight, I'm glad I wasn't. Still, though, it's too bad for those who lost money and hope on this company. The Feds will surely drag their feet as much as possible on this. 100,000 Liberty Dollar Associates just standing around doing nothing is a waste. Hopefully, some other organization will step in to fill the void left by Liberty Services, so that the monetary reform heat on the Feds is not let up. I think the raid was timed to both eliminate a competitor which had a chance of at least providing a little bit of relief from the currency devaluation the FRN’s are currently in and also to discourage other would-be currency competitors from entering the business. It doesn’t matter whether the Feds eventually have to give everything back to Liberty Services. What matters is that they have dealt a blow to an instrument that potentially posed a real danger to the dollar, at this very precarious time in which the dollar is to be destroyed. The Feds want no monetary saviors popping up. The ALC was a good idea, but they they made some mistakes, such as keeping everything too centralized, using too-similar wording on the coins and certificates to the dollar, etc. I wrote to Bernard when he asked for offers on the CEO position (which was eventually filled and then open again) both times that position was available and asked him to incorporate Zcoins ideas into the ALC, but I was never considered for the position. In hind sight, I’m glad I wasn’t. Still, though, it’s too bad for those who lost money and hope on this company. The Feds will surely drag their feet as much as possible on this. 100,000 Liberty Dollar Associates just standing around doing nothing is a waste. Hopefully, some other organization will step in to fill the void left by Liberty Services, so that the monetary reform heat on the Feds is not let up.

]]> By: Rachel http://www.bloggernews.net/111739#comment-131044 Rachel Mon, 19 Nov 2007 12:57:45 +0000 http://www.bloggernews.net/111739#comment-131044 Logically, why would anyone prefer the constantly devaluing dollar over a commodoties backed currency? Surely this raid was just an attempt to eradicate a strong competitor to the Federal Reserve note. I've heard that there are several countries in the world whose currencies are backed by commodoties. Does anyone know if this is true and if so, what are those currencies? Logically, why would anyone prefer the constantly devaluing dollar over a commodoties backed currency? Surely this raid was just an attempt to eradicate a strong competitor to the Federal Reserve note.

I’ve heard that there are several countries in the world whose currencies are backed by commodoties. Does anyone know if this is true and if so, what are those currencies?

]]> By: Ed Johnson http://www.bloggernews.net/111739#comment-128700 Ed Johnson Sat, 17 Nov 2007 00:00:58 +0000 http://www.bloggernews.net/111739#comment-128700 e constitution was written and itended to outline and restreict the powers of government, not people. Any private individual is free to create his own currency and trade it with someone else. Can I not trade an ounce of silver with you for something you own of value? "There is no law that says goods and services must be paid for with Federal Reserve Notes. Parties entering into a transaction can establish any medium of exchange that is agreed upon." - Andrew Williams, Spokesman for the Federal Reserve in Washinton, DC As far as the USC Title 18 is concerned, visit http://www.NoCriminalCode.US/ . Not saying it is true, but you would think this is something that can be easily proved in court. It will be interesting to see what happens. e constitution was written and itended to outline and restreict the powers of government, not people. Any private individual is free to create his own currency and trade it with someone else. Can I not trade an ounce of silver with you for something you own of value?

“There is no law that says goods and services must be paid for with Federal Reserve Notes. Parties entering into a transaction can establish any medium of exchange that is agreed upon.”
- Andrew Williams, Spokesman for the Federal Reserve in Washinton, DC

As far as the USC Title 18 is concerned, visit http://www.NoCriminalCode.US/ . Not saying it is true, but you would think this is something that can be easily proved in court. It will be interesting to see what happens.

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