The Liberty dollar is a private currency that has been in circulation in the United States since 1998. It was created by NORFED in an attempt to provide a competing currency to the U.S. Dollar. The silver and gold pieces are made of either .9999 pure silver or gold respectively. The paper certificates can be traded in for silver or gold that is currently being stored in a warehouse in Idaho. The popularity of the Liberty Dollar has been growing in many states across the nation. This increase in interest seems to represent a desire to change back to a currency that is actually backed by something. The metal-based system is meant to be a hedge against inflation so your money does not loose its value unlike our current fiat system.

The U.S. Mint has recently declared that Liberty Dollars are illegal. In a public statement they said “The United States Mint is the only entity that can produce coins”, and that it “is a crime” to spend the Liberty Dollar. The first statement is not entirely false. The U.S. Mint is the lone coin creator of the United States, but the Liberty Dollar never claimed to be a coin. In fact, they consistently try to distance themselves from the Federal Reserve Notes. The Liberty Dollar is actually backed by something tangible. The Federal Reserve note is barely worth the paper it is printed on. The government continues to have more and more money printed and the notes continue to loose value. With every dollar they print, the amount of money you make at your job becomes less. The more they print, the higher the cost of goods becomes. This is why there is inflation. With the Liberty Dollar, this would not happen, because there has to be gold or silver in a vault somewhere to exchange the dollars with.

This recent claim from the government is complete bullshit. The Liberty Dollar never claimed to be ‘legal tender’ and never will. This is just another attempt by the government to kill the free-market and end competition with one of their many monopolies. In 1998 when the Liberty Dollar was founded, the government said there was nothing illegal about it. Now that it is gaining popularity, they start to cry foul. I can see the fear in their eyes. Please, if you own a business, this is your chance to stick it to the government. Start accepting Liberty Dollars. If you are a consumer, start spending them where they are accepted. For more information check out libertydollar.org. On their site you can see where you can exchange U.S. Dollars for Liberty Dollars, or you can buy straight from them. Also, you can see a list of places that accept them in your state. Support freedom. Support the Liberty Dollar.

This entry was posted on Wednesday, October 25th, 2006 at 11:50 am and is filed under Freedom, Liberty Dollar. 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.