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Old 11-16-2007, 01:28 PM
Zygote Zygote is offline
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Join Date: Jan 2005
Posts: 2,051
Default Re: Liberty Dollar office raided

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My guess is the feds will either accuse these guys of defrauding customers -- because I'm taking a shot in the dark that Liberty Dollar currency, while 'backed with a metal', probably does not have a value anywhere close to its claimed specie content; obviously there's going to be a markup, but who knows, the feds might claim there's fraud going on here -- and I suppose the mail fraud charge is because Liberty Dollar is using the US Postal Service to engage in that fraud (

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No matter how much they were doing any of this, and still no reason to believe they were, there is no comparison to be made to the extent our "legal" banking system engages in this practice with the most utmost government protection.

If you started a truly fraud free currency, would you stop fearing the FBI?
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