Ron Paul Liberty Dollars Seized

By Justin Gardner | Related entries in Money, Ron Paul

Question that Paul doesn’t need to be asked in a GOP debate: “Why did the Federal government raid a company selling currency with your face on it?”

What is his answer going to be? It’ll seem like he’s trying to undermine the monetary system, and even though he believes in the gold standard, you can’t just start it on your own. This is yet another reason why he’s going to have a nearly impossible time getting the GOP nomination, but it’s another reason why he should consider a 3rd party bid.

From Wash Post:

Federal agents on Thursday raided the Evansville, Ind., headquarters of the National Organization for the Repeal of the Federal Reserve Act and Internal Revenue Code (Norfed), an organization of “sound money” advocates that for the past decade has been selling a private currency it calls “Liberty Dollars.” The company says it has put into circulation more than $20 million in Liberty Dollars, coins and paper certificates it contends are backed by silver and gold stored in Idaho, are far more reliable than a U.S. dollar and are accepted for use by a nationwide underground economy.

Norfed officials said yesterday that the six-hour raid occurred just as its six employees were mailing out the first batch of 60,000 “Ron Paul Dollars,” copper coins sold for $1 to honor the candidate, who is a longtime advocate of abolishing the Federal Reserve. The group says it has shipped out about 10,000 silver Ron Paul Dollars that sold for $20 and about 3,500 of the copper $1 coins. But it said the agents seized more than 50,000 of the copper coins — more than two tons’ worth — plus smaller amounts of the silver coins and gold and platinum Ron Paul Dollars, which sell for $1,000 and $2,000.

Paul is big now because people have remixed his image on YouTube, MySpace and elsewhere so it’s more accessible. But there are some things you have to keep a tight leash on, and having somebody put your face on a piece of currency is a lot different than social networking aided politics.

And yes, he didn’t approve it…

A Paul campaign spokeswoman said yesterday that the campaign has “no affiliation” with the Ron Paul Dollars. But Paul’s supporters said the seizure of the coins is sure to further stoke support for the campaign.

And there’s the problem with trying to get the GOP nomination. Because if the campaign’s goal is truly that, they’re going to have to appeal to an entirely different group of voters at some point and they’re going to piss the extremely loyals supporters off by denouncing something they hold dear. You can feel it coming. I don’t know what it’ll be, but if they get big enough there’s gonna be trouble.

People, he’s polling at 8% as a 3rd party candidate nationally now. It’s time to face that fact that he’s not a mainstream candidate and run a campaign that embraces the outsiders of the political world, not the GOP base.

So why is this actually really good for Paul if he wants to mount a 3rd party bid? Well, it shines a spotlight on his argument that the dollar is worth nothing and position the government as paranoid enough to try and stop people who are fighting our monetary policy from within our won borders.

Seriously, doesn’t this read like a 3rd party candidate’s wet dream?

In the affidavit, an FBI special agent states that he is investigating Norfed for federal violations including “uttering coins of gold, silver, or other metal,” “making or possessing likeness of coins,” mail fraud, wire fraud, money laundering and conspiracy. “The goal of Norfed is to undermine the United States government’s financial systems by the issuance of a non-governmental competing currency for the purpose of repealing the Federal Reserve and Internal Revenue Code,” he states.

Most Paul supporters want to repeal the Fed and IRS. This will only embolden them. So the FBI gave Paul’s campaign a gift, but only if he embraces it.

Parting shot…

The seizure of the coins held an upside for those who have received their orders. On eBay, silver Ron Paul Dollars that were bought for $20 were selling for more than $300 last night.

You simply can’t buy that kind of loyalty and buzz. Let’s hope Paul doesn’t squander it.


This entry was posted on Saturday, November 17th, 2007 and is filed under Money, Ron Paul. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

14 Responses to “Ron Paul Liberty Dollars Seized”

  1. Sammi Says:

    This is excellent for Paul’s campaign, GOP or otherwise. I can’t imagine most Republicans being against a right to choose what money a person wants to use – whether it’s Liberty Dollars or Disney Dollars. This is something most Americans would support, just out of instinct.

    Competing currencies is what he’s been advocating. Hopefully, Paul will get more interviews to discuss this topic.

  2. Patriot Says:

    I know checking facts has become scarce these days but this is grossly example of mincing words, another reason Ron Paul is so dearly admired.

    Private money is Private money – pure and simple – Even ABC’s parent company Walt Disney makes it.

    If you go to Walt Disney World you can exchange US Dollars for Disney Dollars on 1:1 Ratio

    All Walt Disney World® Resort shops and restaurants take Disney Dollars as a form of cash. Disney Dollars are available for a one-to-one exchange for U.S. dollars at the Disney Store nearest your home and at ticket booths, Guest Relations and Resort Guest Services locations at the Walt Disney World Resort.

    Below is a list of currencies here in the USA. Some are called “hours’ some are called “Blue Money”, “Cape Anne Dollars”.

    Out of the list below they went after the “Liberty Dollar”. It might be just me but it is probably to shed a negative light on Congressman Paul’s campaign.

    * Amesbury Hours Amesbury, Massachusetts
    * Anacostia Hours [1] Mount Rainier, Maryland
    * Area Bucks Palo Alto, California
    * Atlanta Hours Atlanta, Georgia
    * Bainbridge Island Bucks Bainbridge Island, Washington
    * Baltimore Hours [2] Baltimore, Maryland
    * Barter Bucks Indianapolis, Indiana
    * Bay Area Bucks [3] Traverse City, Michigan
    * Berea Bucks Berea, Kentucky
    * Berkeley Barter Network Berkeley, California
    * Berkeley Bread Berkeley, California
    * BerkShares, Southern Berkshires, Massachusetts
    * BloomingHours [4] Bloomington, Indiana
    * Blue Money Brattleboro, Vermont
    * BNI [5] Delaware, Pennsylvania, Maryland, New Jersey
    * Boise Hours Boise, Idaho
    * Brattleboro Hours Chesterfield, New Hampshire
    * Brookings Bucks Brookings, South Dakota
    * Brooklyn Greenbacks Brooklyn, New York
    * Buffalo Hours Buffalo, New York
    * Buffalo Mountain Hours Hardwick, Vermont
    * Bull City Bucks Durham, North Carolina
    * Burlington Bread [6] Burlington, Vermont
    * Butte Bucks Crested Butte, Colorado
    * Cape Anne Dollars Gloucester, Massachusetts
    * Capitol Area Self-Sustaining Hours Albany, New York
    * Carbondale Spuds Carbondale, Colorado
    * Chenango Hours New Berlin, New York
    * Columbia County Hours Philmont, New York
    * Columbia Hours Columbia, Missouri
    * Community Cash Durango, Colorado
    * Cuyahoga Hours Cleveland, Ohio
    * Dillo Hours Austin, Texas
    * Disney Dollar Disneyland and Disneyworld
    * Flagstaff Neighborly Notes [7] Flagstaff, Arizona
    * Floyd Hours Floyd, Virginia
    * Fourth Corner Exchange [8] Pacific Northwest
    * Great Lakes Hours Detroit, Michigan
    * Green Mountain Hours [9] Montpelier, Vermont
    * Greyhound Bucks Taft, Texas
    * Hero dollar Minneapolis, Minnesota
    * High Desert Dollars Prescott, Arizona
    * Hobo Dough South Dakota State University, Brookings, South Dakota
    * Hollandollars Holland, Michigan
    * Houston Hours Houston, Texas
    * Humboldt Hours Eureka, California
    * Humboldt exchange community currency Arcata, California
    * Ithaca Hours Ithaca, New York
    * Kansas City Barter Bucks Kansas City, Missouri
    * Kauai Barter and Trade Network [10] Kilauea, Hawaii
    * Kettle River Hours Kettle Falls, Washington
    * Kitsap Hours Bremerton, Washington
    * Lehigh Valley Barter Hours Bethlehem, Pennsylvania
    * Liberty Dollars [11] Evansville, IN
    * Lopez Island Hours Lopez Island, Washington
    * Madison Hours [12] Madison, Wisconsin
    * Mendocino SEED Fort Bragg, California
    * Middletown Cash Middletown, CT, Wesleyan University
    * Milwaukee Hours Milwaukee, Wisconsin
    * Missoula Hours Missoula, Montana
    * Mo’ Money [13] New Orleans, Louisiana
    * Mountain Money [14] Mars Hill, North Carolina
    * NOCO Hours [15]Fort Collins, Greeley, and Loveland, Colorado
    * North Fork Helping Hands Paonia, Colorado
    * PDXhours Portland, Oregon
    * P.E.N. Neighborhood Exchange Takoma Park, Maryland
    * Plenty [16] Carrboro, North Carolina
    * Portage Hours Kent, Ohio
    * REAL Dollars [17] Lawrence, Kansas
    * RiverHOURS [18]Columbia River Gorge, USA
    * San Luis Obispo Hours San Luis Obispo, California
    * Sand Dollars Bolinas, California
    * Santa Barbara Hours Santa Barbara, California
    * Santa Fe Hours Santa Fe, New Mexico
    * Santa Monica Hours Santa Monica, California
    * Sequoia Hours Garberville, California
    * Simply Hours Columbus, Ohio
    * Skagit Dollars Mount Vernon, Washington
    * Sonoma County Community Cash Santa Rosa, California
    * Stoneridge Hours Kerhonkson, New York
    * Summit Hours Akron, Ohio
    * Thread City Bread Willimantic, Connecticut
    * Time Bucks [19] Seattle, Washington
    * Tulsa Hours Tulsa, Oklahoma
    * Ukiah Hours [20] Ukiah, California
    * Valley Dollars Greenfield, Massachusetts
    * Waldo Hours Unity, Maine
    * Wash Bucks Sioux City, Iowa
    * Wooster Hours Apple Creek, Ohio

  3. John Galt Says:

    hmmm, starting to sound like a free Land, free labor, and free men movement, but this time the internet linking people instead of the churches.

    Ron Paul may be the man to run third party, but maybe not – I think his endorsement would be enough. the movement may be bigger than him. Either way, if the RP movement links to the established Libertarian and constitutional parties, as well as Greens that will compromise on their social agenda for a better foreign policy, plus some old reform voters, there could be a substantial vote, and a chance to establish a new party that would hold together – read some history regarding how the republican party got started, it is instructive.

    If the 3rd party could carry some states, and gain electoral votes, those states could be targeted with gubernatorial candidates. Governors are the key to third party sucess, in my view.

  4. NH Says:

    It is not illegal to own gold so if you have any you’d better hide it. The gov’t has now taken it upon itself to steal from you outright. You could be next.
    These were not ‘currency’ but gold, and can be used any way they wish.

  5. Alice Cook Says:

    I wish we had someone like Ron Paul in the UK

    Alice

    htttp://ukhousebubble.blogspot.com

  6. Pliny Says:

    A third party run would be worse than useless and wholly unnecessary. 3rd parties never get anywhere, no matter how much money they have and they have a hard time even getting on ballots.

    This Liberty Dollar thing doesn’t impact the Paul campaign in the slightest except perhaps to illustrate government abuses of power. Dr. Paul didn’t authorize it or have anything to do with it, unlike Rudy who promoted a guy who is now being prosecuted. Dr. Paul’s position has always been that the government should legalize Constitutional currency, not that people should break the law. Not that I’m implying that Liberty Dollar, which has been doing this sort of thing in public for years, actually broke any laws. That will be for the court to decide, or is that whole “innocent until proven guilty” concept too antiquated to follow (like the Constitution apparently has become)?

  7. jmklein Says:

    If it was Hillary v Not Ron Paul I would give him a third party vote. But if it really came down to Obama v Not Ron Paul then I would probably vote for Obama (I am opposed to most of his policies but he wants to end the war and he appears to be intelligent and decent).

  8. Elizabeth Says:

    Constitution? Why would anyone think we should follow that? According to Bush “It’s just a GD piecce of paper anyway”. (and for those of you who can’t tell, I’m being facetious)

    I’d like to know why the gold, silver, and copper were confiscated. It’s not illegal to own it, or sell it. This is just another attempt to try to put Ron Paul in a bad light even though it isn’t directly related to him in any way. And why, if I were a vendor willing to take any paper, coin or any other thing (ie: a donkey, cow, car, house) as payment for an item I was selling, should I not be allowed to do so?

  9. Johnny Says:

    I don’t understand what’s the big deal here? I mean they are not using them, just selling them.

  10. Brad Says:

    No One Has To Try To Undermine The Federal Reserve; They Did It To Themselves. Next Year Will Be Bad For All Americans Financially.

    Frivolous Spending Of Congress Coupled With War And Maintaining The Empire Made The Monetary System Unstable. The Housing Bubble Just Lit The Fuse.

    Ron Paul’s Monetary Policy Will be Vindicated In 2008. (Too Bad We All Have To Suffer To Prove Him Right)

    When The Food Riots Start, The Police State Will Follow. Prepare Now Or Suffer Greatly. The Executive Orders Are In Place And Only Need The Declaration Of “Emergency” To Be Enforced.

    Save The Republic; Vote Ron Paul !!!

  11. Johnny Says:

    To Sammi : You’re saying Ron Paul advocates a competing currency? But I hear so many folks talk about how a common Amero would kill us. Then again maybe its not Ron Paul words. Nevertheless, I think this is a dumb issue for the Fed to involve themselves in.

  12. Pliny Says:

    The competing currency Ron Paul wants is gold currency (i.e., Constitutional currency) to compete with the unbacked currency (fiat currency) that we currently have. He does not in any way support an Amero.

  13. Eye of Modok » Monetary Architect Bernard von NotHaus comments on the raid of Liberty Dollars and his likely arrest Says:

    [...] Liberty Dollar headquarters. The timing for many seemed suspiciously in sync with the releasing of Ron Paul Liberty dollars. Fortunately, it seems that Mr. von NotHaus has been expecting this for some time, and almost seems [...]

  14. Ashish Kulkarni Says:

    I am sure my wife’s pic will look better than the queen on the British Pound :-)

    Regards,

    Ashish.

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