The Fed is seizing illegal Ron Paul money. If you have purchased Ron Paul gold and silver federal agents may raid you. I'm sure they have the 'Liberty Dollars' sales records. http://news.yahoo.com/s/ap/20071116...ollar_raids;_ylt=AkCfdKYb9qbDPg7a2DxFEHKs0NUE
RP sure does attract a lot of undesirable people. Counterfeiters, fradsters, hackers, anti-semites, "troofers," conspiracy nuts, white supremacist groups, kkk members, neo-nazis, anarchists. The list goes on and on. I'd sure hate to be in a position to defend all this mess. Popularity contests can backfire.
That what they are saying. Liberty Dollar are Counterfeiters and the Ron Paul $ is counterfeit currency. The US Treasury and any law enforcement can sieze counterfeit currency.
To tie RP to this would be like blaming Bush for those 'nice' shirts and posters, etc that are of adult nature that have his photo on them. RP has a similiar stance on the gold reserve as this company did, not shocking in the least that they would try to cash in on it.
This is incorrect. Liberty Dollar is under threat of mail fraud and money laundering, not counterfeiting.
Therre is no such thing as 'illegal money'. Money is anything that 2 or more persons agree to use as money. What is illegal is a group of bankers taking over the government and prosecuting competitors under color of law
Good example of some pretty nasty stuff from the IRS and DOJ. http://www.liberty-watch.com/volume03/issue08/coverstory.php I posted about this in a thread somewhere. Why we have Federal Reserve Notes, which have no redeemable value, and are worth less than the cost to print them as the primary source of currency is beyond me. It's a complete fiasco which has created the counterfeiting of the American dollar. A popular misconception is that Dr. Paul wants to return to a Gold Standard. He does not. What he wants to do is legalize competing currencies, IE Gold and Silver, removing the taxes on the purchase of them, and the capital gains taxes on their sale if they appreciate in comparison to the highly inflated Federal Reserve Notes. Right now, these taxes are a barrier to using Gold and Silver as currency, which is a big problem, because the Constitution is pretty clear that only Gold and Silver should be used.
Simple problem to solve. Just charge the tax rate on the gold coins payable in same. There woul'n't be any difference to paper money.
This is funny: http://www.irs.gov/publications/p17/ch12.html -- Bribes. If you receive a bribe, include it in your income. -- Illegal income. Illegal income, such as money from dealing illegal drugs, must be included in your income on Form 1040, line 21, or on Schedule C or Schedule C-EZ (Form 1040) if from your self-employment activity. -- Stolen property. If you steal property, you must report its fair market value in your income in the year you steal it unless in the same year, you return it to its rightful owner.
I am not sure if you are being sarcastic? There is quite a few local currencies in the US, most known is Ithaca Hours. Works just fine. No taxes and no Bernanke to devalue them by dropping cash from helicopters. Free market beats monopoly any way you look at it. The problem is that Joe 6pack is too dumb to understand it, that's why involuntary early learning programs are crucial
As a result of the raid, prices for the silver coins have skyrocketed, with Ron Paul silver dollars, which were available from Liberty Dollar at $25 on Wednesday, selling for $220 on eBay http://www.thestreet.com/s/raid-on-...ets/marketfeatures/10390631.html?puc=googlefi