24 Jul 09 Should competing currencies be legal if properly regulated?
Liberty dollar recently was raided by the federal reserve and the feds could’nt say what liberty dollar was being charged with so it brings up and interesting question should you be forced into a dollar that currently is losing its value?
Tags: Currencies, Federal Reserve, Feds, Liberty Dollar
Reader's Comments
Gossimer Press Releases
- Gossimer Puts Indian Domain Extensions Up for Sale February 21, 2010Gossimer, the fastest growing domain name registration and web hosting company has announced a sale on Indian domain extensions. During the promotion period, domains ending with .in will be offered at discounted price. [PR.com] […]
- Gossimer Unveils a New & Improved Payment System February 14, 2010The Melbourne-based (Florida) web hosting and domain name registration company Gossimer has announced the inclusion of three more payment options in its system. From today the customers and the web hosting resellers can use AlertPay, WebMoney, and Liberty Reserve to pay for the domain registration as well as web hosting services. Gossimer already offered Pay […]
- Gossimer Has Opened Its Treasure Chest for Webhost Resellers January 16, 2010Gossimer, the fast growing domain name registration and web hosting company has yet again opened its door of their reseller program. This program offers a comprehensive web hosting product portfolio for resellers and resellers of Gossimer’s resellers. [PR.com] […]
- Gossimer Invites Customers to Try Digital Certificates for Free January 2, 2010Gossimer, the fastest growing domain name registration and web hosting company is offering 21 days free trial on digital certificates. This trail will allow webmasters to understand the role Https plays in building visitors’ confidence in their website. [PR.com] […]
- Gossimer Announces Special Domain Name Registration Deals December 25, 2009Gossimer, the fastest growing domain name registration and web hosting company has announced a special deal on 12 top domain extensions and that includes some CTLDs as well. This promotion is available on the registration of new domain names, and you can register as many domains as you want. [PR.com] […]
- Gossimer Announced a Transfer-in Domain Promotion to Allow Customers to Consolidate Their Domains Into One Account November 7, 2009Save money on domain name transfer to Gossimer. Gossimer is currently running an attractive promotion on domain transfer-in that will save a lot of money for the domain portfolio builder. You can transfer as many domains as you wish under this promotion. [PR.com] […]
- Gossimer Became Reseller of the Month for October October 17, 2009October brings another piece of good news for Gossimer. The fastest growing web hosting and domain name registration company has been chosen as the Reseller of the month for October by ResellerClub. [PR.com] […]
- Gossimer Offers One Year Free Extension on Domain Transfer October 3, 2009Gossimer, the fastest growing domain name registration company, is offering one year free extension with every domain name transferred to its system. This service when coupled with other services puts Gossimer in the position of price leadership. The company offers the most economic rate for domain name registration and webhosting services. [PR.com] […]
- New Deals Make Gossimer Bigger, Better and Smarter October 2, 2009October is going to be hot with offers, extended support, and enhanced serviceability, as Gossimer has acquired HiTek Networks, and launched new and improved Support desk. The web hosting world is abuzz by the two important developments in Gossimer. [PR.com] […]
- Gossimer Offers Unlimited E-mails for $1 September 28, 2009Gossimer, the fastest growing domain name and webhosting company, has announced a no-upgrade “The Ultimate Email Plan” that will give the buyer an access to unlimited email accounts for just $1/month. [PR.com] […]
Gossimer
The liberty dollar was NOT legal, no matter what von Nothaus claims. It also wasn’t raided by the Federal Reserve, it was raided by the FBI and the Secret Service. Who said the Feds couldn’t say what the liberty dollar company was being charged with? The search warrant was very clear. There were several charges including counterfeiting, mail fraud and conspiracy. BTW, you don’t have to make bills and coins that look like U.S. bills and coins in order to be guilty of counterfeiting. Take a look at Title 18 U.S.C. § 486 – Uttering coins of gold, silver or other metal—-000-.html
[QUOTE]
Whoever, except as authorized by law, MAKES or utters or passes, or attempts to utter or pass, ANY COINS OF GOLD OR SILVER OR OTHER METAL, or alloys of metals, intended for USE AS CURRENT MONEY, whether in the resemblance of coins of the United States or of foreign countries, OR OF ORIGINAL DESIGN, shall be fined under this title or imprisoned not more than five years, or both.
[END QUOTE]
Liberty Reserve
NGC6205 has provided accurate, excellent, and relevant info to your question backed up by research. (A beacon of knowledge here at Yahoo Answers).
Per your question, I personally don’ have a problem with private enterprise offering competing vehicles of barter and trade. Happens all the time. Trade land for a car. Pay a backyard mechanic with a case of beer. Pay off a debt with shares of stock. In fact, as a practical matter, I would encourage currency-poor areas to come up with creative means for stimulating economic activity.
LibertyDollar.Org went wrong in that they designed this to look very much like U.S. currency (to the point it was confusing consumers), promoted it as money, and practically dared the U.S government to do something about it. Look at their web site and you can see they are practically militant about it.
Other organizations have been more successful in the ‘alternate money’ by strictly following the law and not being so militant about it. Take a look at as one example.
But ‘alternate money’ will always be marginalized in this country and mainly valued as a novelty or its commodity value. At some point, it has to be converted to dollars because that is the only currency that 99.9% of the companies and 100% of the governments in this country accept.