The Congress shall have the power to…coin Money (and) regulate the Value thereof. Article One, Section Eight, Constitution of the United States of America.
In other words, printing fake $100 bills, is counterfeiting. Why do you think that when you present a hundred dollar bill to a cashier, she or he usually marks it with a brown mark to be sure it isn’t counterfeit? Because there are a lot of counterfeit bills out there, that’s why. Look people, I know the dollar is merely a piece of un-backed paper which will buy a penny’s worth of things that it bought 100 years ago. I know the last backing was removed by Nixon in 1971. I know the Bureau of Printing and Engraving turns out millions every day or maybe week, and they will eventually be worthless. I know the dollar is becoming a laughing stock around the world, and that it is foolish to save one’s surplus assets in them. We have been over this time and again.
I have been flooded with e-mails about the feds moving in on the ’Liberty Dollar” fellow and confiscating his stuff. Well, believe me, the world is not ending! That confiscation, after many warnings, was doing just like the fed does when it confiscates the presses of counterfeiters everywhere. Whenever fake auto parts are made by shysters who put a reputable name on them, they get sued. The fact that this character made thousands of copper Ron Paul coins which were called “dollars” rather than ’commemoratives,’ ’tokens,’ ’rounds,’ ’fund raisers,’ or maybe ’Ron Paulers’ even, is why the feds clamped down on him…after warning him many times.
This guy’s silver “Liberty Dollars” are made in the same plant as my A-Mark rounds are made, but A-Mark has brains enough not to call them ’dollars,’ because that would be the crime of counterfeiting. I got into a heated discussion with this character 3 or 4 years ago at an Eris Society (libertarian think-tank) meeting, and pointed out to him that he was wrong doing it, and that he was merely conducting a get rich scheme by selling his coins at roughly twice the price of the silver in them…at that time. A-Mark rounds are 55 cents over spot, and 50 cents if you get a thousand or more. He said that his paper counterfeits were backed by silver, but so what? When anyone makes a dollar, other than the federal government, regardless of its contents or backing, it is a counterfeit, and the maker can expect to be punished the same way as if he were running off fake hundred dollar bills.
Do you think that Jack Daniels would stand still for someone making backyard hooch placing the Jack Daniels name on theirs? Would Hallmark be quiet if another company made birthday cards, and placed the name “Hallmark” on them? Would Coca Cola permit a small time soda maker to call his brew Coca Cola? Sorry, but whatever he gets, he deserves. Has he lost a lot of silver and metals? Probably, but maybe he can get it back if he promises never to do it again. I despise what has happened to the dollar and the bloated, inefficient, fraudulent, outrageous government which issues them, but the Constitution gives them permission to do it, and no one else. I have the greatest respect for the Constitution!
No, I don’t want to argue about how a few people actually have circulated his fake paper dollars, and how they are redeemable in silver. I don’t want his good intentions rehashed to me. He may have given a few cents to Ron Paul for each one he sold, but he did it to make money. I’ve sent Ron Paul a lot of dollars, and they came out of my checkbook. I didn’t make fake dollars and sell them at a profit to contribute.
Away back in 1964, a friend and myself wanted to make some money for the Goldwater campaign. We were going to rent a gas station and sell gas, calling it “Goldwater,” with the high test to be called “Crackpot Supreme.” We were going to contribute a few cents a gallon to the Republican National Committee. We discovered that Barry had copyrighted his name, and we couldn’t do it. He had protected his name, just like the Constitution protects the name “dollar.” No e-mails PLEASE, about this.