The U.S. government recently stole the assets of NORFED the company behind the Liberty Dollar in an obvious effort to destroy a successful competitor to the Federal Reserve’s worthless debt notes. For those unfamiliar with the Liberty Dollar, it is a private monetary system created by monetary architect Bernard von NotHaus which is fully backed by silver coins. NORFED recently filed a lawsuit against the U.S. Mint after the U.S. Mint made the ridiculous assertion that it was illegal to use the Liberty Dollar. According to the U.S. District’s seizure warrant which was recently posted on the Liberty Dollar web site, the U.S. government seized these assets under the guise of money laundering, mail fraud and wire fraud. Under this premise, each bank that is part of the Federal Reserve should also be raided and their assets seized since the paper receipts they issue is backed by nothing and is an obvious fraud. Either way, this move by the U.S. government is absolute proof that the Federal Reserve Notes issued by the money trust at the Federal Reserve cannot compete against a superior product like the Liberty Dollar.

Below is part of a statement issued by Bernard von NotHaus describing what happened. The full statement can be read here.

I sincerely regret to inform you that about 8:00 this morning a dozen FBI and Secret Service agents raided the Liberty Dollar office in Evansville.

For approximately six hours they took all the gold, all the silver, all the platinum and almost two tons of Ron Paul Dollars that where just delivered last Friday. They also took all the files, all the computers and froze our bank accounts.

We have no money. We have no products. We have no records to even know what was ordered or what you are owed. We have nothing but the will to push forward and overcome this massive assault on our liberty and our right to have real money as defined by the US Constitution. We should not to be defrauded by the fake government money.

But to make matters worse, all the gold and silver that backs up the paper certificates and digital currency held in the vault at Sunshine Mint has also been confiscated. Even the dies for mint the Gold and Silver Libertys have been taken.

There is no question that this is an act of terrorism by the U.S. government directed at NORFED and their customers. It is not only obvious retaliation for the lawsuit NORFED filed against them as a result of their own slanderous allegations but it is designed to destroy a successful competing monetary system to the Federal Reserve’s worthless currency. Stealing these assets will essentially put NORFED and its honest monetary system out of business because the government has stolen the precious metals that backed the paper receipts. In addition, it is greatly upsetting to learn that the Feds also stole the tons of Ron Paul Liberty Dollar coins that would have been a tremendous marketing tool for Ron Paul’s presidential campaign.

NORFED originally sued the U.S. Mint because they said it was illegal and unconstitutional to use the Liberty Dollar. This is obviously a ridiculous and absurd assertion from the U.S. Mint because individuals barter items all the time and if somebody wants to trade a Liberty Dollar for another item that is their business to do so. The U.S. Mint does not have the authority to declare what someone can and cannot trade with another individual. Even if they could, it is an impossibility to enforce such a stupid law. There is nothing unconstitutional about the Liberty Dollar and in fact there are many more questions regarding the constitutionality of Federal Reserve Notes since the Constitution says that the states shall not issue anything but gold or silver as legal tender. Federal Reserve Notes even though they are legal tender are not backed by gold or silver as the Constitution demands.

By doing this, the U.S. government has not only stolen from NORFED but anyone who owns or wishes to use the Liberty Dollar for the purposes of bartering. It is laughable that the U.S. government would raid NORFED for issuing paper receipts 100% backed by silver coins but not raid Federal Reserve banks who issue paper receipts 100% backed by nothing. Had the U.S. government raided all the Federal Reserve banks at the same time they raided NORFED, at least their argument would be consistent.

Bernard von Nothaus believes he will likely be arrested under the charges listed in the seizure warrant. NORFED has never claimed that their coins are legal tender, which makes the charges baseless. This is an outrage and more proof that the U.S. government is no longer run by the people as it continually behaves in a lawless criminal fashion.

On a couple of side notes, the Liberty Dollar coins with Ron Paul’s likeness on it are now trading for premiums on auction based web sites like eBay as a result of what has happened. Additionally, a class action lawsuit against the government is already in the works to fight this obvious criminal act. People can sign up to participate in the lawsuit via this form.

What makes this whole situation so ridiculous is that this action by the U.S. government is essentially telling the American people that they are only allowed to trade Federal Reserve Notes for goods and services. Considering that there is a distinct possibility that the value of Federal Reserve Notes could go to zero, this move also shows that they are scared of people converting their debt notes into an alternative monetary unit backed by tangible assets. Clearly, the Federal Reserve could not compete with the Liberty Dollar so instead of attempting to create a superior product, the U.S. government put the competition out of business using criminal tactics. The actions by the U.S. government is an outrage and clear proof that this country does not operate in a free market economy.

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