Barter is still legal, last I checked. If both sides in a transaction agree to it, it’s perfectly legal to use something other money to pay for goods or services.

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So if I don’t put “United States” on something, I can use it as money if it will be taken. That’s how I read the law.

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Now why are libhomo and a pst314 so obsessed with ridiculing Ron Paul supporters? I was waiting for some real arguments that made sense, but all I see is a misplaced French quotation. Guys, can’t you offer any real arguments? Or are you afraid, Ron Paul will not let you feed at the public trough anymore?

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Once upon time people would tour insane asylums for entertainment. Well, plus ca change, plus c’est la meme chose. Now we can post on our blogs and wait for the nutty Ron Paulians to show up. Very convenient: We don’t have to leave home and we don’t have to put up with the dirt and the smell.

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Awww, and I thought I would be the first to design a Ron Paul parody coin.

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The Liberty Associate thing isn’t a Ponzi scheme, just typical MLM crap – i.e. it’s still sleazy, but it’s stable; the people who get hosed are those who end up not being able to sign up associates, but since they were never guaranteed returns the whole thing doesn’t have to collapse.

I do think that if they were only selling coins (even ones that were illegal) it would have made more sense to get a ruling against them first instead of starting of with a raid. But it sounds like they were also running a private bank, which makes the whole thing look even less kosher.

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Ron Paul aside, are these nutjobs fighting for this mint’s right to decieve us? I initially interpreted that as “this dollar replaces your US dollar”, too.
… and that Liberty Associate thing reeks of Ponzi.

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The crux of this whole issue is that Liberty Dollar set up an alternate, private, monetary system (gold/silver coins, gold/silver certificates, and digital gold/silver certificates) that allowed private citizens to conduct monetary transactions which the government had no ability to monitor whatsoever.

A big part of the federal government monitoring all of us all of the time is their ability to monitor all of our major monetary (Federal Reserve Notes) transactions through the current banking system. If I understand correctly, any cash deposit, inter-account transfer, or withdrawal over $10k raises a red flag to the government.

Most likely, some individuals started using private monetary systems such as Liberty Dollar or eGold (which I think was shut down by the feds a year or so ago) specifically to avoid federal monitoring, either for libertarian reasons or for crime-related monetary transfers, and the federal government was not too crazy about that.

That being the case, they shut the whole darn system down rather than pursue only the individuals who might have been involved in illegal money laundering. And, I seriously doubt the FBI has any plans on providing compensation to those people who had invested heavily in liberty dollar certificates but have committed no crimes.

P.S. I always thought that it was foolishly flirting with danger for Liberty Dollar to put approximate FRN currency values on their products. If doing so confused a single ignorant American, then the FBI can probably charge LD with willful counterfeiting.

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Wonder what the search warrant claims.

Not up enough on this area of the law to speculate.

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One other thing, if a group of folks wanted to use chewing gum..or even trade ( hmmmm… like maybe baseball cards ? ) other things for money, they can if they want in a truly free society.

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