On Tuesday March 20, 2007, the Liberty Dollar filed a law suit — Liberty Dollar v Henry M. Paulson, Secretary of the Treasury, Alberto Gonzales, Attorney General of the United States, Edmond C. Moy, Director, US Mint — at the U.S. District Court in Evansville Indiana. The law suit is requesting for the court declare that the Liberty Dollar is not a federal crime, as the U.S. Mint has previously claimed. It would also require the court to enter a permanent injunction against the U.S. Mint, forcing it to remove any reference to the Liberty Dollar being illegal from its website.

This case is very important and could have dire consequences. If the Liberty Dollar organization happens to lose, the Federal Reserve will be the only currency allowed in the market place. This means no competition and when there is no competition, there are always bad results. This kind of precedence could also have far reaching implications. Coupons, for example, are a type of currency and — as a result of the Liberty Dollar losing this case — could become illegal. I know this isn’t likely but at the very least they could become regulated and require government approval, allowing for the creation of another money wasting bureaucracy to authorize all coupons. This may seem like a stretch, but I wouldn’t put it past the Federal government, they’ve done far dumber things.

Suing the United States government requires a lot of time, effort and money (don’t forget that the government can print money out of thin air), which is why the Liberty Dollar needs your help. If you have any money to spare, please click here to find out how to donate money to help fund their case. That page also contains other interesting ways to support their cause such as bidding on special edition Liberty Dollars on eBay. If nothing else, you can always buy some Liberty Dollars and spend them with friends and stores in your local area.

For more information check out LibertyDollar.org