Tuesday, April 26, 2011

Silver Liberty

From Strike the Root:

.......Speaking of silver, recently the feds tried and convicted an eccentric engraver and silverbug named Bernard von Nuthaus of counterfeiting his own version of the US dollar. STR readers may remember Bernard from my earlier column about the Liberty Dollar. In 2007 I met the man personally and paid $10 for some of his silver coins now valued at $40-50. Meanwhile, in four short years the US paper dollar has lost a sizable chunk of its purchasing power while the alleged counterfeit coins have appreciated by a factor of four or more. The US Attorney in the case, Anne Tompkins, perhaps with an eye towards her future as a US presidential candidate, said: "While these forms of anti-government activities do not involve violence, they are every bit as insidious and represent a clear and present danger to the economic stability of this country....Attempts to undermine the legitimate currency of this country are simply a unique form of domestic terrorism.” Poor Anne Tompkins appears to know little of the US Constitution, that "No State shall ... coin Money; ... make any Thing but gold and silver Coin a Tender in Payment of Debts." Otherwise Anne can hardly sit in judgment of others for having the audacity of making coins of gold and silver while a PRIVATE construct called the Federal Reserve, which is neither Federal nor does it reserve, passes off fiat currency as highly valuable while printing millions more each day......read in full

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