...In the United States the most common currency hasn't been backed by gold or silver for many decades. Inflation is the result. The Federal Reserve has been making counterfeit money legally with the un-Constitutional approval of authority by Congress. We gave that responsibility to Congress in its inception and they had no right to pass along that authority to a central bank that practices fractional reserve banking. (which is collecting interest on money they don't have to loan)
...The Liberty Dollar is backed by gold and silver, and you can get coins or paper receipts, for every receipt there is a coin in holding, so there is only a fixed amount of money and the more people use it, the more it will be worth. (as opposed to the opposite with worthless fed notes)
...Liberty Dollars are a negotiable currency, where if the value changes you can negotiate accordingly. The federal reserve notes are non-negotiable and it changes the prices of the products you buy.
...Please learn more about this legal parallel currency as it could save us from the hardship of depression and inflation.
The national debt has climbed to alarming levels since the Federal Reserve was created in 1913. Source: U.S. Treasury, Bureau of the Public Debt
As a result, the Federal Reserve Note (US dollar) has lost 96% of its purchasing power since 1913. Source: U.S. Dept, of Labor, Bureau of Labor Statistics, CPI
REAL Money Is Inflation Proof: Your Liberty Dollar Solution
Andrew Williams, a spokesman for the Federal Reserve in Washington, D.C.:
"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."
Paul Harvey, well-known and respected news commentator, reported:
What's new? The Liberty Dollar! Fed Ex competes with the Post Office. So now there's the Liberty Dollar competing with the greenbacks printed by your government. The Liberty Dollar is backed by gold and silver. Yes, there's a competitive currency right here in the United States. In five years it has become the second most popular currency in America.
100,000 Liberty Dollar supporters:
REAL Money's got the look, the feel, and the real value. Because it is REAL Gold and Silver. I use it every day! And so can you!
eyb~
...I don't have to tell you things are bad. Everybody knows things
are bad. It's a depression. Everybody's out of work or scared of losing
their job. The dollar buys a nickel's worth; banks are going bust;
shopkeepers keep a gun under the counter; punks are running wild in the
street, and there's nobody anywhere who seems to know what to do, and
there's no end to it.
We know the air is unfit to breathe and
our food is unfit to eat. And we sit watching our TVs while some local
newscaster tells us that today we had fifteen homicides and sixty-three
violent crimes, as if that's the way it's supposed to be!
We all know things are bad -- worse than bad -- they're crazy.
It's
like everything everywhere is going crazy, so we don't go out any more.
We sit in the house, and slowly the world we're living in is getting
smaller, and all we say is, "Please, at least leave us alone in our
living rooms. Let me have my toaster and my TV and my steel-belted
radials, and I won't say anything. Just leave us alone."
Well, I'm not going to leave you alone.
I want you to get mad!
I
don't want you to protest. I don't want you to riot. I don't want you
to write to your Congressman, because I wouldn't know what to tell you
to write. I don't know what to do about the depression and the
inflation and the Russians and the crime in the street.
All I know is that first, you've got to get mad.
You've gotta say, "I'm a human being, g*ddammit! My life has value!"
So,
I want you to get up now. I want all of you to get up out of your
chairs. I want you to get up right now and go to the window, open it,
and stick your head out and yell, "I'm as mad as hell, and I'm going to
vote for Ron Paul!!"
chAng: You've blogged about the Liberty Dollar before. At that time I asked you what motivation we would have to use them - as opposed to buying goods and services with our pre-1965 silver (or gold) US (or other country's) coinage.
From what I can see, the L-D is a commercial enterprise. The entity that is producing these is not doing it for altruistic reasons, are they? My bet is that there is a profit motive - not that there's anything WRONG with that.
But, again, WHY would I take my Federal Reserve Notes and purchase Liberty Dollars instead of Franklin halves?
Actually, I haven't blogged about it, definitely have discussed it though in comments.
..."The entity that is producing these...?"
..."On January 1, 2007, NORFED was dissolved. Liberty Services, a new non-profit entity, now distributes the Liberty Dollar as a non-political gold and silver currency." (www.norfed.org)
...You asked, "WHY would I take my Federal Reserve Notes and purchase Liberty Dollars instead of Franklin halves?"
...Are Franklin halves made of real silver and one troy ounce? Real silver has real value, as opposed to paper. A savings in real silver and gold is a highly recommended means to make it through a recession, hyper-inflation, stagflation, or whatever you wanna call the economic disaster headed our way.
...This is an easy way to obtain gold and silver at market value, and they're fun to spend too.
I was merely using the Franklin half dollar as an example of pre-1965 American silver coinage. The half dollar (including the 1964 Kennedy, and the entire series of Walking Liberty, Barber, Seated Liberty, and earlier halves) was 90% pure silver weighing 0.36 troy ounce (silver content). Silver quarters weighed 0.18 and dimes .072 troy ounces.
Personally, I would rather my employer pay me in US silver coins (halves, quarters, dimes, or Morgan or Peace dollars) or gold but he does not.
I agree, there is nothing like gold and/or silver for intrinsic value. And you have pointed out the parallels between the values of these precious metals and common items. For instance, in the 1920's, twenty dollars a week was a decent salary - or one double Eagle ($20 gold piece). That same double Eagle would run you close to $1000 today - about a week's pay.
A gallon of gas could be had in 1964 with a silver Washington quarter (they were ALL silver back then). That Washington quarter is worth about three bucks today - or about a gallon of gas.
It's all relative. But I assert that I would rather have the real thing than a piece of paper from a "non-profit entity". I would tell my boss that I'd prefer real silver as salary. As a merchant, I would be hesitant to accept Liberty dollars. But I do like the premise.
I thought it was pretty telling the FBI confiscated all of the Ron Paul Dollars and the billing information for them.
I guess TheDecider decided his feelings were hurt cuz he doesn't have a Liberty Dollar?
I guess he doesn't realize his policies don't embrace "Liberty"? Perhaps they should mint a FearMonger dollar? That would be an appropriate strike for TheDecider.
Too bad I wasn't into Gold on September 10, 2001. Considering it doubled in value September 11th, 2001.
olleh ~
...ih ~ I'm chAng, aka brYan. I've got the hand me down shoes and the blues from the paper. I'm passing out clues that'll bruise for ya later. I'm like a half-lit hobo just a winkin' at the moon, and if I don't see ya later then I guess I'll see ya soon.
...Cusp of Cancer and Gemini is I, and some cool stuff happens at Stonehenge on my birthday.
eyb~
