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EVANSVILLE — Federal agents raided the headquarters of a group that produces illegal currency and puts it in circulation, seizing gold, silver and two tons of copper coins featuring Republican presidential candidate Ron Paul.
Agents also took records, computers and froze the bank accounts at the "Liberty Dollar" headquarters during the Thursday raid, Bernard von NotHaus, founder of the National Organization for the Repeal of the Federal Reserve Act & Internal Revenue Code, said in an interview.
The organization, which is critical of the Federal Reserve, has repeatedly clashed with the federal government, which contends that the gold, silver and copper coins it produces are illegal. NORFED claims its Liberty Dollars are inflation free and can restore stability to financial markets by allowing commerce based on a currency that does not fluctuate in value like the U.S. dollar.
"They're running scared right now and they had to do something," von NotHaus told The Associated Press Friday. "I'm volunteering to meet the agents and get arrested so we can thrash this out in court."
According to the company, NORFED has produced an estimated $20 million of its own paper currency in the past two decades, claiming its $1, $5 and $10 denominations were backed by silver stored in Coeur d'Alene, Idaho.
Federal agents also raided the group's storage facilities in Idaho, von NotHaus said.
Wendy Osborne, a spokeswoman for the FBI's Indianapolis office, declined to comment and referred all questions to the U.S. attorney's office for the Western District of North Carolina. Suellen Pierce, a spokeswoman for that office, also declined to comment.
In a federal seizure warrant given to the AP by von NotHaus, federal agents allege the money and other properties seized in the raid were linked to money laundering, mail fraud and wire fraud.
The raid comes eight months after von NotHaus filed a lawsuit in federal court in Evansville seeking a permanent injunction to stop the federal government from labeling the Liberty Dollar an illegal currency.
The U.S. Mint issued a warning this year that the Liberty Dollar violated the Constitution and warned consumers against using them unsuspectingly.
Paul's campaign said it had not authorized production of the Ron Paul dollars.
"We have no connection with that," said Jesse Benton, a campaign spokesman for Paul. "He was using Ron as a marketing technique. We didn't have anything to do with that or sanction it or give permission in any way."
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 | In Paul They Trust (The Feds May Differ) | The Washington Post | Sat Nov 17 | 4 |
| TruthNews.us » Blog Archive » Liberty Dollars Stolen To Protect Money Trust | truthnews.us | Mon Nov 19 | 0 |
| Government Steals Gold and Silver at Gunpoint: Liberty Dollar Raided by the Feds | gordonunleashed.com | Thu Nov 15 | 37 |
| Liberty Dollar office raided : Local News : Evansville Courier Press | Evansville Courier and Press | Thu Nov 15 | 0 |
| Feds raid Liberty Dollar offices; Steal Gold and Silver | WorldNetDaily | Fri Nov 16 | 0 |
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{"commentId":1191479,"authorDomain":"10aces"}
It was an error in judgement to choose to refer to the coins as illegal currency. That has not yet been established and is being challenged with litigation. The government's collusion, however, with media outlets such as the AP has once again been firmly established. This is propaganda spoon-fed to an ill informed public meant to maintain the "monopoly" of the Federal Reserve system. A year from now, after our dollar has weakened further, most will be begging to adopt the Amero and join the North American union plan proposed in secret. Despicable!!
{"commentId":1191479,"threadId":"176968","contentId":"1101904","authorDomain":"10aces"}
- 1 vote
#1 - Fri Nov 16, 2007 1:46 PM EST{"commentId":1193320,"authorDomain":"phoobaar"}
Indeed: newswithviews(dot)com/Vieira/edwin50.htm
{"commentId":1193320,"threadId":"176968","contentId":"1101904","authorDomain":"phoobaar"}
{"commentId":1192609,"authorDomain":"the-saltygrl"}
If you want the REAL story....go to WorldNetDaily where it's on front page today 11/16. The AP piece here is the most pitiful bit of 'alleged' reporting I've ever seen! Facts are this is an illegal action by our gov. and the courts will decide. Liberty Dollar is a threat to the Federal Reserve and any who profit from that illegal cartel. Ron Paul supports abolishment of the FR and returning to gold/silver backing our money. Isn't it funny that the raid included newly minted Ron Paul rounds???
{"commentId":1192609,"threadId":"176968","contentId":"1101904","authorDomain":"the-saltygrl"}
#2 - Fri Nov 16, 2007 8:04 PM EST{"commentId":1194573,"authorDomain":"silentyuan"}
wow.. the fed is scary.
{"commentId":1194573,"threadId":"176968","contentId":"1101904","authorDomain":"silentyuan"}
#3 - Sat Nov 17, 2007 5:33 PM EST{"commentId":1226130,"authorDomain":"RJ-Steadfast"}
Indeed. The Fed will once again try to usurp the people.
{"commentId":1226130,"threadId":"176968","contentId":"1101904","authorDomain":"RJ-Steadfast"}
#4 - Thu Nov 29, 2007 10:09 AM EST{"commentId":1259185,"authorDomain":"the-controller"}
Hah!
That is what you get for trying to defy the might of the Federal Government.
You know, that and violating every tenant of common global economic sense.
In conclusion, you all had it coming. You can't win. Ever. The world is now flat, and no amount of protectionism can change it.
Also, drop the conspiracy theories...it puts you in bed with the people who believe the world is run by large blood sucking lizards from space.
{"commentId":1259185,"threadId":"176968","contentId":"1101904","authorDomain":"the-controller"}
#5 - Tue Dec 11, 2007 3:04 AM EST{"canLink":false,"threadId":"176968","isPrivate":false}
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