Finally some good news. Utah Considers Return to Gold, Silver Coins

Discussion in 'Economics' started by Askmega, Mar 5, 2011.

  1. achilles28

    achilles28

    Good point. The creator of the liberty dollar - a one ounce silver piece - was charged and convicted by the Fed's for conspiracy to counterfeit. The Federal prosecutor equated the crime to financial terrorism. How? By 'undermining the US dollar'. All Nothaus did was mint silver coins and sell them at market value + commission. There was no fraud involved. Almost no different than what most precious bullion dealers do, except he made the coin and had the word "dollar" inscribed on it. Big fucking deal. He never marketed or represented the coins as US currency. Merely a barter tool (like all precious metals). He faces 15 years in the klink.
     
    #51     Apr 20, 2011
  2. achilles28

    achilles28

    Read the news much? Google Nothaus. The federal prosecutor who convicted that guy said minting silver coins with the word "dollar" inscribed on it is financial terrorism.
     
    #52     Apr 20, 2011
  3. AK100

    AK100

    I'm not 'delusional'.

    Just highlighting 2 facts -

    1. The ludicrous phrase 'financial terrorism' is very much in vogue at the moment, but of course it's total bollocks, and

    2. The Feds don't like the sorts of moves being done by Utah because it exposes their crass policies hence labelling them as potential financial terrorists.
     
    #53     Apr 20, 2011