Comments on: Private Currencies: What if the US Dollar Went Away?

By: doncline

doncline — Fri, 02 Oct 2009 14:46:31 +0000

The Federal Reserve System issues fiat currency (federal reserve notes) backed by debt and the call it “dollars”, which is a fraud and could be called treason to the extent the loss of value in the currency provides aid and comfort to the enemies of America. The only difference between a criminal Ponzi scheme and the current U.S. monetary system is that government is doing it. If you challenge a major criminal Ponzi scheme, the crooks and thugs running it will do whatever they have to do to stop you. If you challenge the U.S. monetary system, the crooks and thugs running it will do whatever they have to do to stop you. I warned the Liberty Dollar people of that fact when they started up because it had been done before: I was a member of the National Commodity & Barter Association, exchanging worthless frns for gold and silver coin when we were raided and two million dollars of the members funds were confiscated and applied to trumped up tax liabilities that didn't exist. A half million of that money was appropriated by the guy who led the raid, who retired to a chalet in Idaho with it. This fact was presented to Congress, and it led to a purely cosmetic “reform” of the IRS in which IRS agents are permitted to vet the actions of other IRS agents to ensure they meet IRS goals. Nothing ever changes — though it looks to me like the bankers behind this whole criminal operation are just about to kill the goose that laid the golden egg. For “goose” read “you and me.”

By: bigideas

bigideas — Fri, 02 Oct 2009 10:45:32 +0000

I have Silver Liberty Dollars and copper Tea Party Dollars that I started buying just in case… I'm truly pissed that the government can intervene with consenting people doing business together as to the form of payment. The IRS makes you pay income tax on bartering and this is a form of bartering.

By: tigereye468

tigereye468 — Fri, 02 Oct 2009 04:09:53 +0000

The charge “conspiracy to possess and sell coins in resemblance and similitude of coins of a denomination higher than five cents, and silver coins in resemblance of genuine coins of the United States in denominations of five dollars and greater.” is laughable considering the fact that it is illegal in the United States to produce any private currency less than $1.00. This fact is stated in the book “Hometown Money” published by the same people who created the Ithaca Hours currency used in Ithaca NY and copied in numerous places around the globe. In addition anyone who has seen the Liberty Dollar cannot mistake it from official US coin and currency as there are a number of differences between them!

By: KingofthePaupers

KingofthePaupers — Sat, 05 Sep 2009 17:18:29 +0000

"If the United States Dollar went away, consumers almost immediately develop some form of alternative currency or accept the currency of some foreign nation."

Jct: Time-based currencies are already being used all around the world.
When the local currency to the Time Standard of money too, 6 Greenpounds/hour in UK, 60 Greenfranks/hour in France, 20 GreenMarks/Hour in Germany, $12 Greendollars/Hour in Canada, $10 Greendollars per Ithaca Hour in the U.S., time-credits earned locally can be intertraded with other timebanks globally!
In 1999, I paid for 39/40 nights in Europe with an IOU for a night back in Canada worth 5 Hours.
U.N. Millennium Declaration UNILETS Resolution C6 to governments is for a time-based currency to restructure the global financial architecture.
See my kingofthepaupers youtube channel