http://www.freemarketnews.com/Analysis/39/5993/time.asp?wid=39&nid=5993
TIME FOR A LITTLE CIVIL DISOBEDIENCE
Monday, September 18, 2006
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Wallace, Idaho – Perversely just in time for Silver Summit 2006, the United States Mint Thursday threw a wrench at Bernard von NotHaus’ Liberty Dollar program with secretion of a Sept. 14 press release, declaring: “Prosecutors with the Department of Justice have determined that the use of these gold and silver NORFED “Liberty Dollar” medallions as circulating money is a Federal crime.”
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Merchants participating in the Liberty Dollar program simply accept Liberty dollars in either coin (silver) or paper form in exchange for goods and services. The difference between Liberty paper dollars and the (now, apparently compulsory) fiat fednotes is that Liberty paper dollars are backed in full by physical silver, whereas fiat paper dollars are backed by, um, snicker, the full faith and credit of the United States government, which broke that same faith with its own subjects in 1964 when it took silver out of the money and later declined even to redeem its Silver Certificates in silver. Such was the lesson of our adolescence: This is a government that cannot be trusted or believed.
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And, I don’t like the idea of civil disobedience, because it implies that the gang in power has some right to demand obedience. They get obedience because they’ll kill you if you don’t obey. I’d prefer the phrase non-violent self-determination.
Interesting timing for the “illegal” declaration?
This story is note worthy in that its an economics and history lesson rolled up into one. I don’t know about you, but the “full faith and credit” guarantee isn’t worth a lot when you look at: (1) the Federal debt; (2) the Federal deficit; (3) the unfunded Social Security Insurance (which is NOT insurance; it’s a Ponzi scheme); (4) the unfunded Federal promises, guarantees, and “insurances”; and (5) the unfunded Federal pension obligations due to its retirees and to others thru the Pension Benefit Guarantee Corporation. One has to wonder how much air can be blown into this balloon before it pops?
Perhaps, the NORFED folks are striking too close the root of this illusion. Who’s behind the curtain? The grim reaper called reality.
Now I think that NORFED should have not used the word “dollar”. You can’t take a word that is already owned by another in the mind.
I’d have made a new word — silver ounce => sil-nce — gold ounce => go-nce. Or, call a gold ounce, a Ludwid for Ludwig von Mises. A silver ounce, a Rothfarb.
Anything, but a dollar.
So, Americans should begin using Ludwigs and Rothfarbs in everyday commerce.