Monday, March 21, 2011

Anti-Liberty Fed Launches 'Liberty Street Economics' Blog

You can't make this up.

Just days after a man is convicted in the United States for minting coins that contain real gold and are similar in shape to Treasury fiat coins, the New York Federal Reserve launches a site called "Liberty Street Economics".

Bernard Von NotHaus developed the liberty dollar in 1998 as an "inflation-proof" alternative currency to the U.S. dollar, which he claimed has devalued since the Federal Reserve was established in 1913.

The silver medallions were produced by a private mint in Idaho on behalf of Liberty Services, which also issued paper notes the group said were backed by silver reserves...

He was just convicted for this by the U.S. government with the prosecutors in the case jumping for glee that they had, and I kid you not, convicted a terrorist:
“Attempts to undermine the legitimate currency of this country are simply a unique form of domestic terrorism,” U.S. Attorney [Anne]Tompkins said in announcing the verdict. “While these forms of anti-government activities do not involve violence, they are every bit as insidious and represent a clear and present danger to the economic stability of this country,” she added. “We are determined to meet these threats through infiltration, disruption, and dismantling of organizations which seek to challenge the legitimacy of our democratic form of government.”
One wonders what propaganda will be launched at Liberty Street Economics, where Federal Reserve currency is no longer redeemable in gold (although at one time Fed promised to do so)
Perhaps the Fed can start with a post on why their top officials shouldn't be in jail instead of Von NotHaus, since Von NotHaus delivered exactly what he promised, while the Fed has devalued the Federal Reserve currency against gold and ultimately stopped redeeming notes for gold and continues to this day to fail honor the original promise of their organization .

7 comments:

  1. Anne Tompkins' quote reads like it was pulled from an Onion article.

    "[T]hey are every bit as insidious and represent a clear and present danger to the economic stability of this country,” she added.

    Of course. That's why the real unemployment rate is in the high teens and food prices are going through the roof. Someone is minting gold coins with Ron Paul's face on them.

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  2. “We are determined to meet these threats through infiltration, disruption, and dismantling of organizations which seek to challenge the legitimacy of our democratic form of government.”

    Parse this for me, please:

    The U.S. attorney's office will infiltrate??? disrupt??? dismantle??? organizations who
    CHALLENGE the legitimacy of Govt.???????

    Holy Cow! It's the STASI!!! How come nobody seems outraged by this statement. To me, it's by far the scariest part of the story.

    Read that again, please. Organizations who CHALLENGE!! Jeez I think that's US!

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  3. Hi Bob -

    Yes, I am surprised that the decision hasn't sparked more general outrage.

    It's extraordinary.
    Terrorism?

    Creating an alternative currency (or, if you prefer, another form of barter) is terrorism?

    No one could possibly mistake the LD for government tender, so the charge of counterfeiting seems thin to me too.

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  4. They made it clear in the first sentence of their first blog post that the blog's name has nothing at all to do with liberty--it is merely "named after the street where the New York Fed is located."

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  5. Do you think they would have used the street name that was outside if it was called Gold Street?

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  6. Exactly. What if the FRBNY were here:

    666 Hooker St., Kingston NY 12401

    At least there would be a chance of capturing the essence of the Fed. "Is that a POMO in your pocket or..."

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  7. I think we can assume that comments will be heavily moderated. Since, of course, they wouldn't know Liberty, or Economics, if they bit them on the inflator.

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