MONEY: THe FED’s inflation in our future

Sunday, June 7, 2009

http://lewrockwell.com/north/north715.html

False Flag Infiltrators: Gold-Hating Fiat Money Inflationists Inside the Libertarian-Conservative Movement
by Gary North

*** begin quote ***

A web page by Ellen Brown is making the rounds. It is here. http://www.webofdebt.com/articles/hyperinflation.php

Ellen Brown is a lawyer. She is anti-Federal Reserve. So, she gets a hearing in conservative circles. This is unfortunate. There is nothing conservative about her. She is an apologist for statism and the United States Treasury (a wholly owned subsidiary of Goldman Sachs).

Her article is about the hyperinflation of Germany, 1921–23. She has no understanding of what happened or why, but she talks as if she does.

*** end quote ***

Interesting economic discussion about inflation. I remember hearing the same in Carter’s inflation. And, I’m sure we will hear it again in Obama’s. Evil speculators drive down the value of the dollar. Dont be fooled. It’s the FED; it’s always the central bank’s printing press of money; it’s the FED!

Argh!

Those that don’t learn from history are condemned … …

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MONEY: The absurd claims of a bureaucrat

Friday, June 5, 2009

Acting U.S. Attorney Edward R. Ryan of the Western District of North Carolina said, “When groups seek to undermine the U.S. currency system, the government is compelled to act. These coins are not government-produced coinage, yet purchasers were led to believe by those who made and sold them that they should be spent like U.S. Federal Reserve Notes. Such claims are in violation of federal law.”

I have never read such blatant nonsense.

Yes, the seek to return the United States to honest Constitutional money. At the very least, this is an exercise in political dissent protected by the First Amendment.

And, any REASONABLE person can instantly distinguish between a “Liberty Dollar” and the a paper Federal Reserve Banknote. Silver and gold are very different from paper.

In order to spend them like a Federal Reserve Note, one would have to have the intent to defraud!

Sorry, this is a political indictment intended to chill any inquiry into the nature of Federal Reserve Banknotes.

And, how is it that the Government has departed from money as defined in the Constitution.

Perhaps, we should be asking “Is the inflation of the value of Federal Reserve Banknotes a government “taking” under the terms of the Fifth Amendment?”

Hopefully, people will see this for what it is. An attempt to keep the people blind to the unConstitutional conduct of their government.

# – # – #

DEPARTMENT OF JUSTICE

Acting United States Attorney Edward R. Ryan

Western District of North Carolina

FOR IMMEDIATE RELEASE CONTACT: Suellen Pierce

JUNE 3, 2009 704.344.6222

http://www.usdoj.gov/usao/ncw Fax: 704.344.6629

FOUR DEFENDANTS INDICTED IN UNLAWFUL COIN OPERATION

Former Executive Director of Liberty Dollar Services, Inc. Charged in Federal Indictment

ASHEVILLE, NC – Bernard von NotHaus, 65, formerly of Evansville, Indiana, and two

additional defendants from Evansville, along with William Kevin Innes, 53, of Asheville, North

Carolina, have been indicted in U.S. District Court for the Western District of North Carolina on

conspiracy and other charges in connection with an alleged unlawful operation to publish,

possess and sell for profit, coins in resemblance and similitude to U.S. coins. All four defendants

are also charged in the alleged conspiracy with uttering and passing, and attempting to utter and

pass, a coin of silver in resemblance of genuine coins of the United States in the denominations

of five dollars and greater, and intended for use as current money. The four are also charged

with one count of mail fraud, while von NotHaus and Innes are both charged in two additional

counts each, with selling and possessing with intent to defraud, Liberty Dollar coins; and with

uttering and passing, and attempting to utter and pass, a coin of silver in resemblance of genuine

coins of the United States of the denominations of five dollars and greater, and intended for use

as current money.

Today’s announcement is made by Acting U.S. Attorney Edward R. Ryan for the Western

District of North Carolina; Owen Harris, Special Agent in Charge of the Federal Bureau of

Investigation (FBI) in North Carolina, and Van Duncan, Sheriff of Buncombe County, North

Carolina.

Acting U.S. Attorney Edward R. Ryan of the Western District of North Carolina said,

“When groups seek to undermine the U.S. currency system, the government is compelled to act.

These coins are not government-produced coinage, yet purchasers were led to believe by those

who made and sold them that they should be spent like U.S. Federal Reserve Notes. Such claims

are in violation of federal law.”

Defendant William Kevin Innes was arrested on the charges on June 2, 2009, and made

an initial appearance before a federal Magistrate Judge in Asheville today. Innes was ordered

detained pending a detention hearing which is now set for Monday, June 8, 2009 at 9:35 a.m.

before Magistrate Judge David Cayer in the federal courthouse in Charlotte, North Carolina.

Bernard von NotHaus, 65, Honolulu, Hawaii

Pending arrest

Sarah Jane Bledsoe, 42, Evansville, Indiana

Pending arrestDistrict of North Carolina; Owen Harris,

– 2 –

Rachelle L. Moseley, 34, Evansville, Indiana

Pending arrest

According to the allegations contained in the indictment, which was returned and filed

under seal by a federal grand jury sitting in Charlotte, North Carolina, on May 19, 2009, since

1998 NORFED, The National Organization for the Repeal of the Federal Reserve and Internal

Revenue Codes, together with its officers, members, associates, and customers (collectively

NORFED), has been issuing, disseminating, and placing into circulation, including by use of the

Postal Service and United States mails, the Liberty Dollar in all its forms throughout the United

States and Puerto Rico. The indictment alleges that the purpose of NORFED is to mix Liberty

Dollars into the current money of the United States, and further alleges that NORFED intends for

the Liberty Dollar to be used as current money in order to limit reliance on, and to compete with,

United States currency.

The indictment alleges that members affiliated with NORFED sell the Liberty Dollar coin

at a greater price than they pay for it, and that the profit for these individuals is the difference

between their discounted purchase price and the price for which they sell the coin. Additionally,

according to the allegations contained in the indictment, a person who is not affiliated with

NORFED pays the face value minted on the coin.

In the allegations of the indictment, Bernard von NotHaus is described as having been the

president of NORFED and the Executive Director of Liberty Dollar Services, Inc. until

September 30, 2008. He is also described in the allegations contained in the indictment as the

monetary architect of the Liberty Dollar and has been the Regional Currency Officer in

Evansville, Indiana where NORFED corporate offices are maintained. According to the

indictment, Bernard von NotHaus designed the Liberty Dollar currency in 1998. The indictment

alleges that William Kevin Innes is the Asheville, North Carolina Regional Currency Officer for

NORFED and one of three members of the NORFED Executive Committee. Also, according to

the allegations contained in the indictment, until around March 2008, Sarah Jane Bledsoe was the

NORFED Fulfillment Office manager in Evansville, Indiana, and Rachelle L. Moseley works in

the Evansville, Indiana corporate office of NORFED and has been employed as the Regional

Currency Office Manager and Chief Operations Officer.

“People understand that there is only one legal currency in the United States. When

groups try to replace the U.S. dollar with coins and bills that don’t hold the same value, it affects

the economy. Consumers were using their hard-earned money to buy goods and services, then

getting fake change in return,” said Owen Harris, the Special Agent in Charge of the Charlotte

Division of the FBI. “No one in this country is above or beyond the law, and our law

enforcement partners will continue to bring violators to justice.”

If convicted, each of the defendants faces a maximum sentence of five years’

imprisonment on the conspiracy charged in Count One and a maximum sentence of 20 years’

imprisonment on the mail fraud charge in Count Two. As to the additional counts with which

von NotHaus and Innes are charged, Count Three (publishing) carries a maximum sentence of 15

years’ imprisonment, and Count Four carries a maximum sentence of five years’ imprisonment.

– 3 –

The indictment includes a Notice of Forfeiture and Finding of Probable Cause that the

defendants forfeit to the United States all of the property involved in the offenses with which

they are charged in the indictment, and all property traceable to such offenses.

The case was investigated by the FBI, and the Buncombe County Sheriff’s Office, with

assistance from the U.S. Secret Service, Treasury OIG for Tax Administration, the NC Joint

Terrorism Task Force, and the U.S. Postal Inspection Service. Acting U.S. Attorney Ryan

express his gratitude to the United States Mint for its role in the indictment. Ryan characterized

the Mint’s role as “significant and vital.” The prosecution is being handled by Assistant United

States Attorney Jill W. Rose of the Asheville Office of the U.S. Attorney for the Western District

of North Carolina.

The details contained in the indictment are allegations. The defendants are presumed to

innocent unless and until proven guilty beyond a reasonable doubt in a court of law.

A copy of the bill of indictment can be viewed by visiting website:

http://www.ncwd.uscourts.gov and clicking on the word “news.”

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MONEY: The Gooferment acts to preserve its monopoly on “dollars”

Friday, June 5, 2009

Dear Reader:

This is OUTRAGEOUS. Just as Sadam Hussein of Iraq learned when he suggested that oil be trade in gold, don’t mess with the US’s monopoly on the world’s reserve currency.

(Disclaimer, I think the Liberty Dollar is overpriced versus the spot price of the underlying commodity. But, maybe I don’t understand how expensive it is to mint medallions. They are cheaper than what is offered on the late night infomercials to buy “Liberian Silver” or such nonsense.)

Bernard and the Liberty Dollar folks are threatening to take the country back to Constitutional money of gold and silver. Single handedly! Interesting is they are the size of a gnat on a cow’s butt in comparison to the Federal Reserve. The “establishment” is so threatened as it has to persecute and prosecute them.

See the Establishment can NOT afford to have any one “look behind the curtain”! You might ask the question “What is a dollar?”. That question leads to the more “deadly” question — deadly to their ability to delude the people into allowing the Government have the ability to inflate — “What value does a Federal Reserve Banknote intrinsically have?”. That’s the question that puts a stake thru the heart of the vampire known as the Federal Reserve Bank. Inflation is the silent hidden tax.

(The Federal Reserve Bank is a misnomer. IT ain’t “federal”. It reserves nothing. And, it ain’t a “bank”. It is a private cartel of the elite banks run for their benefit and that of the entrenched politicians. )

(As an aside, just look at the reelection rate of incumbent politicians. And, where they are “replaced”, note that their “replacement” is a member of the opposite “major” party that follows the exact same agenda. And, you wonder why stuff doesn’t change. How can it? The elite are very content with the current system. It’s only the “unwashed” who get screwed. Repeatedly.)

So, the Federal Reserve Banknote allows the politicians to take everyone’s wealth by inflation. So they can have a “welfare / warfare” society and the sheeple don’t even known they are being shorn. In the last thirty years, the dollar has lost more than 95% of it’s purchasing power. Watch the old quiz show “Let’s Make a Deal” and see the price of a new car in the Sixties was less than 5,000 “dollars”. Why does a Government Motors car cost 50,000 now? It ain’t the same dollars. My first house cost 8,000 “dollars” when it was built in the Fifties, why is it worth 350,000 “dollars” now. Did the boards suddenly become more valuable? No, the Government money is worth less and they can’t print houses.

So, here we have the Government desperately trying to reign in the whole concept of “honest money”. There’s an old rhyme “Money has functions four: a medium, a measure, a standard, a store.” See in order to be “money”, it has to be a store of value. The Federal Reserve Banknote is: a medium of exchange (as long as the sheeple believe it to be), a measure (as long as you realize each year it’s different; imagine a measure of length getting shorter every year — giving the Government “more” land to sell), a standard (as long as you don’t mind a standard shrinking every year), and a store (where the rats in congress erode your wealth silently).

That’s why they have to surpress anything that reflects badly upon their “dollar” monopoly.

Forewarned is fore armed!

*** begin quote ***

Begin forwarded message:

From: Liberty Dollar <truth@libertydollar.org>

Date: June 5, 2009 2:35:24 AM EDT

To: reinkefj

Subject: FBI Arrests Bernard, Kevin, Sarah & Rachelle

LIBERTY DOLLAR ALERT:

June 2009 Vol. 11 No. 06-A

Urgent News for All Liberty Dollar Supporters!

FBI Arrests Bernard, Kevin, Sarah & Rachelle

The battle for a value based currency has began!

The last two days have been amazing! Just shortly after midnight on Tuesday, the phone started ringing and I let the answering machine take the call. But very soon there was another call… with an even more urgent message! Very quickly, a friend of Kevin Innes, explained to me that Kevin had been “detained” by the local sheriff and was being held for the FBI to arrest him! Holy Cow!! The #2 supporter for the Liberty Dollar and co-instructor at the Liberty Dollar University training sessions was in deep trouble with the Feds! I was sure to be next. But would they arrive in a few minutes or would it be a pre-dawn Nazi style assault?

Finally, I got up at 4:00 AM. I was very concerned for Kevin and wondered when the FBI would hit me. Fortunately the morning was quickly filled with a flurry of calls from Kevin’s friend, other interested parties, the usual business calls and making preparations for the inevitable knock on the door. But nobody came. Then just after noon, Niles, who’s wife, Rachelle, manages the Liberty Dollar Fulfillment Office, called to tell me that Rachelle had been picked up by the FBI at the LD Office and was due to be arraigned in just a few hours! The FBI strikes again!

Luckily, I was able to talk to Rachelle via her cell phone while the FBI was holding her. I was pleased that the FBI agents were the friendly professional types and afforded Rachelle and I quite a few minutes of private conversation. Under the circumstances, Rachelle’s demeanor and resolve was right on target. And very quickly, I learned that a warrant had been issued for my arrest. And just a quickly, Rachelle was off to court to be arraigned.

Much later in the afternoon, I learned to my surprise that three big FBI agents had arrested Sarah at work. She and Rachelle were arraigned together and quickly released to on their own recognizance (OR) before the sun set on a very eventful day for the Liberty Dollar. The quick, professional effort with Sarah and Rachelle were gratifying and encouraging. Unfortunately, I was to learn that Sarah lost her job because of this event.

By last afternoon it was clear that the Liberty Dollar would be best served by my turning myself in to the to the US Marshals, otherwise know as ‘self reporting.’ After a few calls, I found myself talking to Agent Andy (aka Agent F) who was his usual friendly, chatty self. He even recognized my voice although we had only spoken twice and that was over 18 months ago. Sure enough he confirmed that a federal arrest warrant for my arrest had been issued. And after a bit of gamesmanship with Agent Andy, I agreed to report to the US Marshal’s office in Fort Myers, Florida at 9:00 AM on Thursday morning as it was too late to be arraigned, plus an overnight in jail would have wrinkled by clothes :)

The following morning, Thursday, June 3, 2009, I actually arrived at the Marshal’s office at 8:30 due to light traffic. As the saying goes, “If you gotta do time, do federal time.” Quite simply, the federal boys are better educated, better trained and have better manners. I was immediately escorted to a holding cell. After an hour or less, I met with the Pre-Trila Service rep and made it to court at 11:00 in chains and handcuffs. The female judge was businesslike and granted my request to attend my son’s graduation in Physics from UCLA next week. After fingerprinting, signing a $50,000 Appearance Bond, one final meeting with the Pre-Indictment Service rep, I was free.

In general, the arraignment was a pleasant affair. The US Marshals did their job with very little attitude, as they should. After all, I am self reporting, and it is for anything violent, I just want to prove that I have a right to issue my own currency and if any body chooses to use it then it is a “private contract.” It is certainly not a crime.

And so it came to pass, 2009 years after the birth of Christ, that four regular Americans have taken a stand to defend the People’s right to protect themselves from a government currency that has a long and unforgiving history of stealing the people’s purchasing power. This is a test of individual rights, as protected by the Tenth Amendment. It is the deciding moment that a private voluntary barter currency (PVBC) is legal in the great United States of America. This is a test that the Liberty Dollar must and will pass, for that I have no doubt. But it will not be easy or cheap. Please, if you support our efforts, support us with any kind of money you have, including pro bono services. Now that the Liberty Dollar faces a federal criminal trial, it is the US Government v Liberty Dollar ala Bernard, Kevin, Sarah & Rachelle. Please help us win. Please help yourself win. Please help American win.

Very simply this is a Win or Lose battle. In addition to money for this legal fight we need articles that reference non-government currency, such as Air Miles as currency, legal research assistance, expert witnesses, legal assistance, etc. If you support the ideals of the Liberty Dollar, this is the time to get behind the Liberty Dollar. We critically need your help! Please send your digital info to Legal@LibertyDollar.org and your donations of value including other kinds of “currencies” to:

LIBERTY DOLLAR

225 N. Stockwell Road

Evansville. Indiana. 47715

The best news is that the Liberty Dollar finally has the opportunity to prove beyond a shadow of a doubt that it is legal. Over two years ago I sued the US government for a Declaratory Judgment to resolve the legality issue. And how did they respond, they raided the Liberty Dollar and confiscated over $4 million dollars in gold, silver and cash. The US government has done everything possible to kill the Liberty Dollar! And guess what? It has not worked. The mere fact that the Liberty Dollar is still in business is a testament to your demand for Real Money and the ideals that the Liberty Dollar represents.

Thank you, thank you, thank you for your support! Trust me, the Liberty Dollar is not made up of any fat cats. We are all just regular Americans. And we all just want good money, a lot less government and no damn war!

Click HERE for a stilted Press Release by the DOJ. Its three pages with a whopper by Owen Harris, Special FBI Agent in Charlotte who said, “When groups try to replace the US dollar with coins and bills that don’t hold the same value…” WOW what a telling statement of pure spin.

Click HERE for the 13 page Indictment.

Click HERE for Sarah’s Arrest Warrant.

Guess what?! Liberty Dollar still in business and we need more business! As there has been no Cease and Desist Order, Liberty Dollar remains OPEN FOR BUSINESS. Please visit our shopping cart for all the 2009 Liberty, Peace, Freedom, T-Dollars and more. Don’t be bashful or stupid. Silver is going to the moon, just as sure as the US dollar is going to hell with your purchasing power. Now is the time to protect your purchasing with the “inflation proof” currency and help usher in a new monetary model that provides the only proven, peaceful, and profitable solution to the monetary cancer that has infected America.

OUTSTANDING ORDERS: Please rest assured that we will fill all outstanding orders. Yes, after producing a sizable amount of pre-minted Silver Libertys and finally getting current with most orders, we changed mints and are now behind again. We apologize emphatically! Poor and/or slow delivery is not acceptable business. It hurts everyone. And just when we were about to get current again we were arrested. Please continue to support us with your patience too. We promise to get every order out ASAP. But as I hope you can understand, it is a struggle to run a business, any business, in such an environment and fight a major legal battle for our right to protect our purchasing power

The last few 2009 Arrest Dollars. Are you familiar with the Arrest Dollars? Starting in 2007 and continuing through this year the Arrest Dollar is one ounce Silver Liberty that is specially hand hallmarked with a micro “handcuffs” stamp and my federally registered mintmark. Issued only from the day of the raid to today. The last few 2009 Arrest Dollars are currently on the Shopping Cart. After these are gone, they are gone to eBay for much more money.

The 2009 Tea Party Dollar (T-Dollar) is still available and we are still waiting confirmation on the shipment. We are still expecting to have the first batch order in the first 24 HOURS here for the July 4 events. The T-Dollar is still only a buck for an ounce of copper AND you can still get them for 10% discount to they $1 face value for a 100 or more. Hey, they are only a buck… you can’t go wrong. Plus every copper issue has sold out. Get these while you can and help support our legal efforts tooJ

The 2009 Silver Libertys! The backbone of the Liberty Dollar model is the one ounce .999 fine silver Lib! Just in the last few days, silver has bounced back over $16, soon the 30 day moving average will be $16 and the Liberty Dollar will Move Up again to the $50 Silver Base. PLEASE don’t be dumb and buy silver when it is high. Get it NOW!!! Sure it is not $5 per ounce any more, nor will it ever be again. $5 silver is just not possible with the government spending phony baloney fiat money like a drunken sailor. Please order silver now and protect your purchasing power and profit tomorrow!

Stay tuned to the Liberty Dollar News as we vindicate and validate the legality of the Liberty Dollar. Please take an active role in this exciting and profitable time. Don’t lose out. Get involved with the Liberty Dollar to make money, do good and have fun. I am having as much fun in my 60’s and I did in The 60’s and hope you are too.

Thanks again for your support.

Bernard von NotHaus

Monetary Architect

Editor@LibertyDollar.org

http://www.LibertyDollar.org

888.LIB.DOLLAR

888.421.6181

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MONEY: Build your own pension

Friday, June 5, 2009

http://www.usatoday.com/money/perfi/retirement/2009-05-21-traditional-pensions-dying_N.htm?loc=interstitialskip

Interesting. Pensions are dead. The Social Security Ponzi scheme is “underfunded” (i.e., a polite way to say broke).

What does one do?

Accumulate 2M$!

Yes, you read it correctly.

$2,000,000

An investment portfolio of of 2M$ at 5% would throw off an annual income of $100,000.

There’s your “pension”.

Was much easier in the old days. The ancient history days of large stable enterprises like IBM and AT&T where one would go and spend a career. Work for forty plus years and leave at 65 with a gold watch and monthly check tht made a comfortable retirement.

Now only politician and bureaucrats have that. They’ve voted it for themselves at the taxpayers expense. (Unfortunately, the joke’s on them. Who will pay the taxes to pay these gold plated pensions? The taxpayers as broke as the gooferment.)

And, don’t be fooled by insurance company annuities. They just take your money for a promise to send you a monthly check. Madoff was a Ponzi. But, don’t think these “insurance companies” are any better than AIG or any Wall Street Financial Firm.

So, you take your 2M$ and invest to diversify getting your 5%.

For those of you who are aggressive savers and entrepreneurs: go for 10M$.

That’s the land of critical mass that Bob Brinker the financial radio show host talks about.

With 10M$, you have have a five year CD ladder with 2M$ in each “rung”, and get your 100K without ever thinking about it. By diversification, you can have it all FDIC insured. That’s about as close to rock solid as one can get.

Now, you may not get to 10m$, unless you’re entrepreneurial. You may not get to 2M$ unless you save your fool head off.

But that doesn’t absolve you from the consequences of not doing your financial planning.

You can only depend upon yourself.

Remember the new sucess formula is:

   (1) ruthless financial discipline — no bad debt;

   (2) a life long interest in learning — education — a degree — they can’t take it away from you;

   (3) a white collar job in order to save big bux;

   (4) a blue collar skill for hard times — never saw a poor plumber;

   (5) one or more internet based businesses — your store is always open;

   (6) a free time hobby that generates income; and

   (7) a large will-maintained network of people who can “help” you.

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MONEY: LIBERTY DOLLAR NEWS

Tuesday, June 2, 2009

Dear Usual Suspects:

I’m a past fan of the Liberty Dollar until I got a good look at the extra cost of mark up for minting the coins. (Other bullion coins WERE cheaper. Today, due to demand, the markups are all significant! Low markups are essential in any bullion purchase.)

That’s not the issue today.

The Gooferment is attacking any form of alternative “money”. See they can’t afford to have anyone puncture their “balloon of illusion”. People might actually begin to “pay attention to the man behind the curtain”! If they begin to ask what is a “dollar”, then their whole house of cards since Roosevelt took us off the gold standard will come tumbling down. I’ve ranted at you and the world about the German WW1 hyperinflation, the Argentina inflation, the Carter stagflation, and the latest hyper inflation in Zimbabwe.

But that can’t happen here. Can it?

This is an interesting read of how far the powers in the District of Corruption will go to prevent anyone from pulling back the curtain on their “monetary paper monopoly”! See if the sheeple start to ask embarrassing questions, then the game is up. You’ll begin to ask questions. Embarrassing questions! And, they don’t have the answers.

What is your “dollar” really?

The politicians and bureaucrats will make up all sorts of “interesting” “barbara streisand” to take your eye off the fact that its just a green piece of paper. Worthless, unless you can find some fool to take it. The problem is now that the Chinese and the Arabs are growing reluctant to accept these at “face value”. What ever that is!

Time to smell the “barbara streisand” at the Federal Reserve Bank. (Which ain’t “federal”; “reserves” nothing; ain’t a “bank”!) Ron Paul has a bill that would audit this PRIVATE banking monopoly. (I thought monopolies were always bad? Only the gooferment can create a monopoly. Cause they will kill you if you don’t play along.)

(Adjusting my tin foil hat, it’s interesting to me that we invaded Iraq the second time with the intention of “regime change” shortly after Sadam had the impertinence to suggest that oil be priced and sold for gold. Now, was that just coincidence.)

Please read this with an open mind. You might be surprised.

fjohn
hopefully your favorite “tin foil” hat

# – # – #

From: Liberty Dollar <truth@libertydollar.org>
Date: May 29, 2009 10:58:14 PM EDT
Subject: 75,000 T-Dollars! & FBI Dirty Tricks

LIBERTY DOLLAR NEWS:
May 2009 Vol. 11 No. 05

Welcome Liberty Dollar Supporters!

Table of Contents:
1. FBI Dirty Tricks & Target Letters
2. Tea Party Dollar… Going… Going… Soon to be Gone!
3. All Tea Party Dollar Orders are PRE-ORDERS
4. Federal Reserve to Create a Recession
5. Liberty Dollar M&M! How Sweet!
6. Bernard’s Personal Rule 41g Motion

1. FBI Dirty Tricks & Target Letters

In case you missed the last Newsletter that was mistitled – the Liberty Dollar is officially under “criminal investigation.” Have you ever heard the phrase, “Anything you say can and WILL be used against you?” Please be informed that if you have any Liberty Dollars you are NOT in any danger of going to jail but you may be contacted by an FBI agent who may take your comments out of context and be used against you and/or the Liberty Dollar. I know it is hard to imagine that our very own government might misrepresent the facts, but if you think that is not possible, just read the Affidavit (begins on page 9) submitted by Special Agent Andrew Romagnuolo for the original Search and Seizure Warrants.

So while I urge you to be respectful and helpful to the criminal investigation… My non-legal advise is: DO NOT talk to the FBI or any law enforcement officer without an attorney present. This is your right – please exercise it. Simply tell the law enforcement officer that you wish to have an attorney present. Why should you be at risk when there is so much mistrust? Remember you are not required to even talk to a law enforcement officer unless you are subpoenaed. And then you have still have a right to have an attorney represent you. And if you can’t afford an attorney, the court will provide one. Quite frankly, I think it would be GREAT if 1,000 people requested an attorney so we could all take part in this !@#$#@! criminal investigation. Meanwhile, Liberty Dollar is making as much Real Money as possible and remains dedicated to providing an “inflation proof” solution to our country’s mounting monetary problems.

Seriously, several calls have already been reported. So please be on guard for FBI, crank or mysterious callers. Given the government thirst for dirty tricks, scare tactics, misc. calls and other ploys of disinformation, please report anything out of the ordinary that you think might be related to the Liberty Dollar. Please call or email the Liberty Dollar office IMMEDIATELY: 888.LIB.DOLLAR or email: FBI@LibertyDollar.org.

Please note the government is not required to send out a Target Letter to anyone, even if they are the target of an investigation. In fact, Target Letter is a misnomer because it is NOT sent to “targets.” It is mainly used as a scare tactic against people who may be called to testify before the Grand Jury. Maybe 1,000 people whose property has been seized should call the FBI and volunteer to testify… all with a court appointed attorney of course.

In response to the FBI’s Target Letters to Sarah Bledsoe and Rachelle Moseley, some Liberty Dollar supporters feel cheated by the recent FBI action:

Matthew Pitagora – RCO of San Jose wants a Target Letter.

“What? The DOJ only targets women for their Grand Jury Investigations these days? I want to be the target of a Federal Grand Jury Investigation! Come on FBI! You know where I live, so come on over and deliver my target letter at 6:45 AM. Oh wait, I forgot… I’m a BoR, Article 2 militia man, so I will get the standard 3 AM, flash-bang no-knock, with the fully armed, armored and offensive assistance of the U.S. Marshalls and federally bribed, local LEOs! So much for equality, justice and the American dream!”

Art Nicolet – RCO of Tucson agrees!

“This is discrimination! How come the FBI picks on women?? I want my target letter too! Oh, by the way I was sworn in as an American Online Grand Jury member today through http://www.americangrandjury.org. You see, the government would have you believe that only the federal courts convene a grand jury. But wait! The Constitution provides a means for ordinary Americans to form a grand jury to investigate illegal and immoral acts of politicians, bureaucrats and even the FBI. Go check it out. Let’s convene a Grand Jury to investigate the illegal seizure of our personal property of gold and silver. We don’t have to wait for the government to decide what it is going to use as a ploy to postpone return of our assets. In the meantime I can’t wait to get my target letter.”

[Editor note: I must confess that I too feel left out of Agent F’s most recent holiday in Evansville. If he really wants to take a holiday he should “hand serve” my T-Letter in Hawaii! Now that would be real vacation. P.S.: Contrary to what you might think, “Agent F” does NOT stand for the F-word as defined by FCC. Nor does it stand for Fool, Fumbling or Funny. He is none of those. “F” simply stands for Failure because he is not an “A” agent nor is he going to win.]

2. Tea Party Dollar $1 Going… Going… Soon to be Gone!

I am still amazed that over 60,000 Tea Party Dollars were ordered in 24 hours! WOW! And the orders are continuing. The first T-Dollars have been shipped and are due to be in your hands by the Fourth of July! Please click HERE to avoid disappointment and order your Tea Party Dollar now. Still only a $1.00 or less! Disclaimer: Please note the Tea Party Dollar is NOT government issued money and is in fact a private voluntary barter currency (PVBC)dedicated to providing Americans with an inflation proof solution to our mounting monetary problems.

Get your Tea Party Dollar flag now! This terrific flag will be available in time for the Fourth of July! Currently we still have a limited number of 2 X 3 foot Tea Party Dollar flags for $6 each or order two or more for only $5 each! Please click HERE to order.

3. All Tea Party Dollar Orders are PRE-ORDERS

Let’s face it… the Tea Party efforts and the rise of the people’s opposition to government spending and bailouts is pretty damn amazing. And so is the Tea Party Dollar as evidence of that movement. Please note that all T-Dollars are ordered and paid for before delivery. This has been specified in all the offers. We had just enough lead-time to get the T-Dollars before the Fourth of July events. You can look forward to having your order in time IF YOU ORDERED IN THE FIRST 24 HOURS.

All orders placed after the initial 24 hours offer will not be available until after July 4th. We will ship them ASAP.

Meanwhile, I understand that the first $1 Tea Party Dollar has been posted on eBay for $5.99! And it is not even here yet. I am sure there is much fun to be had with such an inexpensive $1 item and I hope you have ordered enough. We do not plan to order more T-Dollars. Please click HERE to avoid disappointment and order Tea Party Dollars. It’s time to join the Party!

4. Federal Reserve can/will/have Created the Recession

Jon Nadler, Senior Analyst with Kitco Bullion Dealers in Montreal, finally gets it right in a long-winded article by quoting Marvin Goodfriend, a former official at the Federal Reserve Bank of Richmond: “Anybody who has been a central banker wouldn’t want to see inflation expectations become unhinged.” Goodfriend continues, “The Fed would have to create a recession to get its credibility back.” Goodfriend is now a professor at Carnegie Mellon University’s Tepper School of Business in Pittsburgh.

Look at that quote! A Harvard professor acknowledges that the Federal Reserve has the ability to “create a recession” in the U.S. economy to regain its credibility! They can… will… and have done exactly that! The only thing more amazing is that the American people are standing by while the government steals their purchasing power, retirement money and everything they and their children hope to enjoy! Simply amazing!!! Time for REAL MONEY to the rescue!!

If you have lots of time to waste, I recommend you read this looooooooooong article at:

http://www.kitco.com/ind/nadler/may192009A.html

Chris Powell, Secretary/Treasurer of Gold Anti-Trust Action Committee Inc. (GATA) confirmed, “Yes, the manipulation of interest rates is part of the manipulation of gold and the tyrannical power to control the whole economy.” If you are not familiar with the great work by GATA, please visit them at http://www.GATA.org.

5. Liberty Dollar M&M! How Sweet!

Now on a sweeter note. Did you know you can order custom M&Ms?! And as you may guess there are LIBERTY DOLLAR M&Ms!!! This is all the great work by Dave Gillie – RCO for Flint. Recently, I stopped by Dave’s Coney Island Restaurant and discovered… the Liberty Dollar M&M! They are the real thing and packaged 50 per bag. Just click HERE to design your custom M&M, select color and package! WOW what a great idea for a sweet commodity currency!

6. Bernard’s Personal Rule 41g Motion

The court denied my Motion to give the government an additional 60 days to reply to my motion for recovery of the office computers, etc., that were not covered by the overly broad Search and Seizure Warrants. The DOJ’s 137 days to reply ends on June 17, just three days before the DOJ must reply to the much larger Rule 41g Motion for recovery of all the gold, silver, copper, etc., seized in Evansville and Coeur d’Alene over a year and a half ago. Stay tuned and responsive to these actions to help get your property back ASAP!

Closing Remarks:

Thank you for reading this newsletter. The first 50 people to email Thanks@LibertyDollar.org with the word FREE in the subject field will receive a free Tea Party Flag! As the Liberty Dollar heads to court, we all need to hang together or we will all hang separately. And as our Founding Fathers discovered, it was advantageous and just more fun to hang out together. Please continue to spread the Liberty Dollar solution to the current government created monetary problems. Real Money is the solution!

Many thanks for your continued support. For it is only by banding together and adopting a free and independent currency that provides us with “just weights and measures” will we be able to throw off the yoke of a manipulated monetary/tax system and generate a peaceful and prosperous society.

Thank you again for all your efforts to return America to value – one dollar at a time!

Bernard von NotHaus
Monetary Architect/Editor
Editor@LibertyDollar.org
http://www.LibertyDollar.org
888.LIB.DOLLAR
888.421.6181

Click HERE to Subscribe to Future Mailings.

HERE

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MONEY: Calculating the impact of taxes

Sunday, May 31, 2009

http://ludwig-1.newsvine.com/_news/2009/05/21/2847441-time-for-revolution?email=html

Time for Revolution!
News Type: Event — Thu May 21, 2009 11:58 AM EDT
politics, government, taxes, liberal, freedom, liberty, revolution, libertarian, jefferson, roosevelt, conservitive, authoritarian
Ludwigc

*** begin quote ***

We need a revolution in this country. Not of violence, but a purging of what our apathy has created.

*** and ***

I work hard for my money. I’m self employed and in this economy I work harder than ever. After all that struggle and hard work I lose over 50% of my total income to the government per year. That is completely unacceptable.   

*** end quote ***

May I point out two things that make the definition or calculation of “taxes” harder:

(1) Corporate taxes are passed along for real people to pay. So when I pick up a can of something in the store, it’s IMPOSSIBLE for me to know how much tax I am paying. And, it’s like looking at a mirror with a mirror behind you. The progression is infinite. The can was taxed. The delivery was taxed. The production equipment is taxed. It’s an accounting nightmare.

(2) The money is no longer a “standard of account”. A 1970 dollar is “different” than a 2010 dollar. In purchasing power. It’s inflation by the Federal Reserve. And, it is the “hidden tax” on dollars. It too is difficult to calculate. If you think in terms of dollars, it’s like doing carpentry where this year’s inch is different than last year’s inch. It’s inconceivable. The definition morphs with time. And, it’s deceptive in that it impacts any dollar denominated asset. This means that you can actually pay more than 100% of your income in tax. Have a half million in assets and inflation is 5%, then you are paying a 25k$ in tax. And, how do you calculate inflation. The FED and the gooferment fudge the numbers.

So, we are slaves. We can’t even guesstimate how much we are paying taxes!

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MONEY: Why would anyone ever buy a bond?

Friday, May 29, 2009

http://finance.yahoo.com/news/Shelby-assails-large-govt-apf-15380626.html?.v=4

Shelby assails large gov’t role in General Motors
Top Banking panel GOP member raps large federal stake in financially beleaguered GM Corp.
    * On Friday May 29, 2009, 8:27 am EDT
    * General Motors Corporation

*** begin quote ***

WASHINGTON (AP) — Sen. Richard Shelby said Friday the government should have allowed the marketplace to decide General Motors’ fate and that the huge federal stake in the company puts Washington on “the road to socialism.”

Shelby, ranking Republican on the Banking Committee, argued that the financially beleaguered GM could have saved “lots of money” if it had chosen six months ago to file a Chapter 11 bankruptcy petition.

“What I worry about” is Washington’s large interest in the company, the senator said in a nationally broadcast network interview. “It’s basically going to be a government-owned, government-run company … a company that has been sadly run into the ground.”

*** end quote ***

IMHO, the gooferment has no right to steal from the bond holders their rightful value. It would seem that there is a Fifth Amendment (“takings”) suit here.

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MONEY: If You Care About the Uninsured

Friday, May 29, 2009

http://www.reason.com/blog/show/133627.html

If You Care About the Uninsured, Please Drink Budweiser. Or Schlitz. Or Coors. Or Hamm’s. It Doesn’t Really Matter What Beer You Drink, Only That You Drink a Highly Taxed Beer. And If You Really Care About The Uninsured, Why Not Drink a Case of Beer?

Nick Gillespie | May 21, 2009, 7:21am

*** begin quote ***

Is it too late to take it all back, this loose talk about legalizing “vices” and then taxing them?

Some details on a “proposed beer tax” currently working its way through Congress like a kidney stone through Ted Kennedy’s man-parts. It’s all over but the shouting, screaming, and gnashing of teeth:

   Consumers in the United States may have to hand over nearly $2 more for a case of beer to help provide health insurance for all.

   Details of the proposed beer tax are described in a Senate Finance Committee document that will be used to brief lawmakers Wednesday at a closed-door meeting.

   Taxes on wine and hard liquor would also go up. And there might be a new tax on soda and other sugary drinks blamed for contributing to obesity. No taxes on diet drinks, however.

   Beer taxes would go up by 48 cents a six-pack, wine taxes would rise by 49 cents per bottle, and the tax on hard liquor would increase by 40 cents per fifth. Proceeds from the new taxes would help cover an estimated 50 million uninsured Americans.

*** end quote ***

And, of course, there won’t be any discussion of:

(1) Why do beer drinkers have to pay for the “uninsured”?

(2) Who is in the 50M “uninsured”? (Young people, people who could afford insurance, illegal aliens, UAW pensioners)

(3) Why is the government in the health insurance business in the first place?

Argh!

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MONEY: The Yuan as the world’s reserve currency

Thursday, May 21, 2009

http://www.cnbc.com/id/30836189

Buy Yuan and Beware of Boys, Rogers Tells His Daughters
By: Dora Cheok, News Editor | 20 May 2009 | 04:05 AM ET
Say the name Jim Rogers, and these thoughts might

*** begin quote ***

“I own the Chinese renminbi. It’s not that easy to buy and sell the renminbi because it’s a blocked currency. But I own it and every chance I get to get some more renminbi, I do so.” Rogers says.

*** end quote ***

Will the yuan become the next reserve currency for the world?

That would surely signal the end of the American Empire and the beginning of its financial collapse.

TEOTWAWKI (The End Of The World As We Know It)

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MONEY: Inflation is a hidden tax

Tuesday, May 12, 2009

http://tslrf.blogspot.com/2009/05/inflation.html

Friday, May 8, 2009

Inflation

*** begin quote ***

This is a backdoor tax because a tax was not passed. You did not have money stolen out of your paycheck and didn’t write them a check but they in effect reached into your wallet and bank accounts and via a loss purchasing power you were essentially taxed.

*** end quote ***

Insidious backdoor taxation. Coming to you very soon!

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MONEY: Personal Finance Know It All

Thursday, May 7, 2009

http://lifehacker.com/5244024/free-50+page-pdf-of-the-simple-dollars-best-advice

Free 50-Page PDF of The Simple Dollar’s Best Advice
By Kevin Purdy, 7:00 AM on Thu May 7 2009

*** begin quote ***

The Simple Dollar, an oft-Lifehacker-linked personal finance blog, is giving away a 50-page PDF, “Everything You Need to Know About Personal Finance on Just One Page.” Definitely worth the 4.4 MB download.

*** end quote ***

Now I’m no fan of a 4 meg pdf. But, it’s free. (My favorite price!) And this is one of my “usually reliable” sources.

FYI, do what you want. You will anyway.

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MONEY: Watch an old quizz show

Sunday, May 3, 2009

Just for an “economics lesson”, watch an old “Let’s Make A Deal” on Game Show Network. Pick any episode. They’re all from the Sixities. Watch for the final prize giveaway. It’s usually a car. Guess the price?

A beautiful Buick LeSabre. Base price 3,000 dollars.

Different dollars!

It makes you laugh!

But, it should make us all cry.

Some store of value.

In 40 years, will people be looking back wistfully about what a dollar could buy!

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MONEY: The dollar as the world’s reserve currency

Saturday, May 2, 2009

http://www.garynorth.com/public/4879.cfm

The Emperor’s New Tools
Gary North
April 25, 2009

*** begin quote ***

Bernanke assured his listeners that the FED has lots of ways to deal with this threat — painless, politically acceptable ways, he implied.

We have a number of tools we can use to reduce bank reserves or increase short-term interest rates when that becomes necessary. First, many of our lending programs extend credit primarily on a short-term basis and thus could be wound down relatively quickly. In addition, since the lending rates in these programs are typically set above the rates that prevail in normal market conditions, borrower demand for these facilities should wane as conditions improve.

Translation: “The money we have created to bail out the financial system will return to the FED and be mopped up. It will not be lent out again.” The word “many” means “we aren’t saying how much, and we will not tell you if you ask.”

*** end quote ***

# – # – #

They have no tools. Only the ability to pull the wool over the sheep’s eyes using their own wool.

I don’t understand: (1) Why the Chinese will hold more dollars? (2) Who’s going to buy Obama’s trillion dollar deficits? (3) What’s going to become of those on fixed income when inflation takes off? (4) What’s going to happen to the American economy when foreigners what to get paid with real money for the stuff they are sending us?

Argh!

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MONEY: The dollar is a figment of your imagination

Friday, May 1, 2009

http://www.campaignforliberty.com/article.php?view=59

The Fed and the Golden Fleece
By William Anderson
Published 04/22/09

*** begin quote ***

When I teach my economics classes about money, I pass around a $10 gold coin that is a replica of those that were in circulation around 1913, the year Congress created the Federal Reserve System. The coin is made from one-half of an ounce of gold, dating from the time when the dollar was based upon a standard of $20 an ounce.

If I were to value that coin today, according to current gold prices, it would sell for more than $400, which means that according to this way of measuring the value of money, the dollar is worth about 1/40 of what it was when the Fed came into being. Now, this is not necessarily the best or most accurate measure of the decline of the dollar, but it is good enough for the purposes of this article.

*** end quote ***

Regardless of how you calculate it or the timeframe you use, the dollar is NOT a store of value.

In my book Church (page 113),  “Money is a matter of functions four, a medium, a measure, a standard, a store.”

The dollar, after the 1913 creation of the Fed, was no longer a measure, standard, or store.

As a youth, reading the Count of Monte Cristo, I dreamt of someday finding a pirate’s treasure. (Hard to imagine anyone not dreaming to find that chest, win the lotto, or such.)

Imagine instead of a chest of gold, finding a chest of dollars. When they were put in, they were valuable. Now they’re worth a fraction.

I often remember my now deceased father-in-law carrying a fifty dollar bill in his wallet ever since he was a young man. He always said: “With that, I’m never poor!” Sad to say, that each year, the value that fifty represented was inflated away. Stolen by the govenrment!

Gold is the only defense.

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MONEY: “Counterfeit” money

Monday, April 27, 2009

http://www.dailyreckoning.com/demand-for-gold-is-in-mint-condition/

Demand for Gold is in Mint Condition
By The Mogambo Guru

*** begin quote ***

04/20/09 Tampa Bay, Florida MoneyNews.Newsmax.com had the interesting headline “Mints Rush to Meet Gold Coin Demand.” It starts off with a blockbuster statement, namely that the world is in “crisis mode”. In fact, a report by The Independent in the United Kingdom notes, “With the world economy now in crisis mode, gold coin production is rising” all over the place, with the result that, “As investor appetite for gold increases worldwide, nations which mint coins of the precious metal have hiked production to satisfy the growing demand.”

In fact, demand for gold is so high that “Sales in the United States of the one-ounce gold American Eagle coin, minted from gold bullion, soared more than 400 percent in 2008 over previous sales to 710,000 ounces” which seems like a lot until you remember that the gold mines of the world produce about 80 million ounces of new gold per year, and so 710,000 ounces ain’t really squat, in the Big Scheme Of Things (BSOT).

Even so, a spokesperson for the U.S. Mint said, “Demand for gold and silver has been unprecedented”, although you would hardly know it from my field research, where I randomly accost people on the street and ask them, “Hey! You! Are you buying and/or holding large quantities of gold as a defense against the ruinous inflation in prices that your own stupid government is causing by deficit-spending almost $2 trillion this year alone, when the GDP of the Whole Freaking Country (WFC) is only about $14 trillion, or are you some kind of moron that can’t even answer a simple question?”

*** end quote ***

Hard to imagine how this “train wreck” in Washington is going to result in anything good for the common people. Many of the economists, who profess the Austrian School, know that without gold as money, the “Sovereign” (i.e., the King in the old days; the FED today) will debase the “currency” to the detriment of The People.

Go to the Smithsonian. See the Smithsonian exhibit of French Franc throughout history. From the hockey puck of gold from Louis 1 to the paper thin collar button of Louis XVII! It’s a visual of what every gooferment does with its power to define money for us.

We, The People, need to define for ourselves what money is. And it needs to be anchor is a value that can’t be “counterfeited” by any “Sovereign”!

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MONEY: Shills hide that some government debt is unsellable

Sunday, April 26, 2009

http://www.telegraph.co.uk/finance/comment/
ambroseevans_pritchard/5220118/
The-capital-well-is-running-dry-and-some-economies-will-wither.html

The capital well is running dry and some economies will wither

The world is running out of capital. We cannot take it for granted that the global bond markets will prove deep enough to fund the $6 trillion or so needed for the Obama fiscal package, US-European bank bail-outs, and ballooning deficits almost everywhere.
By Ambrose Evans-Pritchard
Last Updated: 8:49AM BST 26 Apr 2009

*** begin quote ***

Unless this capital is forthcoming, a clutch of countries will prove unable to roll over their debts at a bearable cost. Those that cannot print money to tide them through, either because they no longer have a national currency (Ireland, Club Med), or because they borrowed abroad (East Europe), run the biggest risk of default.

Traders already whisper that some governments are buying their own debt through proxies at bond auctions to keep up illusions – not to be confused with transparent buying by central banks under quantitative easing. This cannot continue for long.

Commerzbank said every European bond auction is turning into an “event risk”. Britain too finds itself some way down the AAA pecking order as it tries to sell £220bn of Gilts this year to irascible investors, astonished by 5pc deficits into the middle of the next decade.

{Extraneous Deleted}

*** end quote ***

In this long article, the author asserts that not all is good in the “Emerald City”. No need to look behind the curtain.

The FED is buying Treasury debt.

Who is going to finance the American deficits?

And, at what interest rate?

How can shills buying the unsellable help the gangs finance their wasteful ways?

When does this one very big and ugly chicken come home to roost?

Argh!

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MONEY: Tax avoidence; technology style

Thursday, April 23, 2009

http://www.thelibertypapers.org/2009/04/16/keeping-what-what-we-make-away-from-the-tax-man/

April 16, 2009
Keeping What What We Make Away From the Tax-man
by tarran

*** begin quote ***

The story of the 20th and 21st centuries are, if nothing else, the capture of the banking system by the state. It is becoming increasingly difficult for people to amass wealth that is securely theirs. Bank accounts can be confiscated. Their money can be held hostage via a banking holiday. Regulators can learn intimate details of the private affairs of individuals by reviewing the banks’ records.

Those of us who wish to reverse the trend towards an ever more powerful and intrusive state must take the lead to restoring the ability of people to stockpile savings.

How can we do this? There are several ways:

   * Create new forms of money that are easily stockpiled. This does not have to be gold and silver, but can be things like cell-phone minutes

   * Create new markets to trade without interference

   * Create new systems for storing forms of money safely

*** end quote ***

Gold is best!
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MONEY: Deficit spending?

Tuesday, April 21, 2009

200904171047.jpg

Speechless!

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MONEY: Pay your taxes, serf?

Wednesday, April 15, 2009

http://www.impactlab.com/2009/03/27/watching-the-income-tax-system-implode/

March 27th, 2009 at 9:12 am

Watching The Income Tax System Implode

*** begin quote ***

Change does not happen because everyone gets together first and decides a change is going to happen. Momentum will build quickly around a single event or thought leader. When the general public senses that the end is near, an overwhelming flood of support will rapidly hasten its demise.

*** end quote ***

I think it ends when the productive class decides to produce less. They pay less tax. And, the gooferment can’t find enough to tax.

The Chinese decide that 5T$ is too much. And, the world refuses to lend more to the American “banana republic government”.

The world decides that era of the American dollar as a reserve currency is over. And, the American Empire slides into the dustbin of history.

Tax revolt?

Even if we don’t have one here, the one overseas will be much worse.

See inflation is a tax on those foreigners holding dollars.

Gold anyone?

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MONEY: Health care a la WalMart

Wednesday, April 15, 2009

http://www.lewrockwell.com/blog/lewrw/archives/026345.html

April 15, 2009
Thank Goodness for Wal-Mart
Posted by Lew Rockwell at April 15, 2009 12:35 PM

*** begin quote ***

I kept my COBRA going, but at $538/month, it became unsustainable. I let it lapse four months ago. Last month, I couldn’t refill my high-blood pressure medications and I took my last thyroid pill on Saturday. I didn’t know what I was to do. Kaiser wouldn’t even let me PAY for my medications as I wasn’t a member now.

I remembered Wal-Mart had these walk-in clinics. In desperation and fearing the worst, I went on Easter Sunday. The clinic was spotless, the doctor was a retired UCD Medical Center Professor who just wanted to keep his hand in and see patients, there wasn’t any wait, the cost was only $59, and my prescriptions were only $9 each for a 100 days supply. Total with Wal-Mart: $86. With my Kaiser, I would have paid a $25 copay for the doctor visit and three $25 copays for each medication. Total with Kaiser: $100, but AFTER I paid $538/month to remain a member. Before Wal-Mart, my blood pressure was 123/186, today it is back down to 84/124.

*** end quote ***

Great lesson to the “universal health care” advocates!

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MONEY: “pension plans” an idea that’s time has passed

Sunday, April 12, 2009

http://www.nj.com/news/index.ssf/2009/04/jcpl_denies_full_pension_to_fo.html

JCP&L denies full pension to former employee’s widow
by Karin Price Mueller/The Star-Ledger
Monday April 06, 2009, 9:00 PM

*** begin quote ***

How much is 17 hours of your life worth? It’s a question widow Brenda Slutter has been wrestling with for years.

Her husband, Ron Slutter, worked for Jersey Central Power & Light (JCP&L) for nearly 36 years. He died of cancer at age 58. Knowing his death was imminent, Ron made arrangements to retire, a move that would allow his wife to receive the largest possible company pension benefit after his death. He was told by JCP&L, his widow said, that his official retirement date had to be on the first of the month — but died 17 hours and 40 minutes before the paperwork was finalized.

Thanks to a tangle of bureaucratic rigidity, legal fine print and the timing of her husband’s death, Brenda, 59, receives only half the pension benefit her husband meant for her to receive.

“If January only had 30 days, he would have made it,” Brenda said.

*** and ***

Bamboozled contacted JCP&L to talk about the case, but the company wouldn’t discuss any particulars.

“We respect the privacy of all of our employees and do not publicly discuss or disclose any personal information,” said Ronald Morano, spokesman for First Energy, the parent company of JCP&L. “We work diligently to ensure that our employees and their families understand their benefits and the options available to them.”

*** and ***

Brenda Slutter isn’t surprised by the company’s response, and she’s not giving up her fight.

“This is not how you reward someone for doing an excellent service for your company,” she said. “I guess First Energy needs half of my husband’s pension more than I do.”

*** end quote ***

# – # – #

Argh! May I suggest that the various state and federal agencies be prompted to audit the JCP&L and it’s pension plan? Tell me that retirement dates haven’t been adjusted for the executives.

This brings me to why do we have pension plans at all. People should be paid out for their full worth and allowed to make their own arrangements.

It’s a shame to see anyone get screwed.

Pensions and “benefits” came about as a result of the gooferment’s wage and price controls of WW2. Does anyone think we still need the distortion?

Gooferment is the root of all evil.

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MONEY: Obama’s “Bailout Bonds”

Friday, April 10, 2009

http://www.lewrockwell.com/rockwell/bailout-bonds.html

Bailout Bonds?
by Llewellyn H. Rockwell, Jr.

*** begin quote ***

The Obama administration is cajoling investment companies to create bailout bonds. These would be similar to the bonds that wartime presidents created to find sucker-investors for their wars. Americans were browbeaten into buying them as a patriotic duty. So too those who say “yes, we can” to the bailouts will be asked to do their patriotic duty, and buy the debt of loser companies.

It’s all part of the war on depression, which is destined to be as successful as the war on drugs. But, hey, if it is a good investment, why not buy bailout bonds? Well, there’s a problem. The bonds represent credit extended to companies and projects that are proven market failures. Creating these bonds is a way of institutionalizing the principle of buying low and selling lower.

*** end quote ***

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An even MORE important point is who’s going to buy ANY of the US Gooferment debt?

When the pundits say ONE or TWO Trillion Dollar Deficit, (that means they haven’t or can’t tax it to zero), there are really only TWO choices: INFLATION to monetize the debt (A fancy way to say “we’re going to screw everyone who hold dollars”; that’s why the Chinese with their 5T$ are upset. Inflation is a tax on every dollar that currently exists. How many do you have?) —-OR—- BORROW it. (The Treasury issue notes and bonds, basically IOUs, to folk who think they might get their money back with interest.

Who’s going to buy 2T$ worth of debt?

Not the unemployed. Not the “scared money”. Not the Chinese. Not the retirees who have taken a 50% haircut in the market. Not those with 401ks and IRA that have taken the same haircut or worse.

Who else has savings to loan Uncle Sam?

Watch for the interest rates to rise. See bond buyers KNOW their biggest risk is inflation. For those of us who lived thru the Carter Stagflation, we remember the Treasury couldn’t sell 15% tbills because price inflation was running 20%. History WILL repeat itself.

Gold and silver. Gold and silver.

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MONEY: Leaving the American Dollar

Wednesday, April 8, 2009

http://www.telegraph.co.uk/finance/financetopics/g20-summit/5072484/Russia-backs-return-to-Gold-Standard-to-solve-financial-crisis.html

Russia backs return to Gold Standard to solve financial crisis

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Anything that moves the world off the US Dollar as the world’s reserve currency is going to hurt us. The Chinese alone are holding 5T$. What do they do? Obama’s deficits are 2T$ in 2009 alone. Who’s going to buy that debt?

As always, it’s posterity who is going to be left holding the bag.

What can us little folk do? Buy bullion gold coins, take delivery, and “bury” them at home as part of your “savings”. It’s the only investment option that gets you off the fiat currencies. Read about the pre-WW2 German inflation and the news reports out of Zimbabwe. It’s coming, the only question is when. Obama’s socialism and spending is going to make us all poorer, very quickly.

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MONEY: Fiat currency kills the American Dream

Sunday, April 5, 2009

http://www.dailyreckoning.com/dinosaur-economists-and-their-paper-currency/

Dinosaur Economists and their Paper Currency
By The Mogambo Guru

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So the question is, “Is all that spending additive?” I mean, do you add 14% plus 7%? If so, then isn’t government spending 21% of Gross Domestic Product enough to kill the economy a dozen times over, which is what happens every other time in all of history when some brain-dead government of some idiotic country full of childishly-trusting morons allows their corrupt government to spend more than it takes in by creating as much fiat currency as it wants?

*** end quote ***

Amazing about the amount of “counterfeit money” the gooferment is going to push out.

Where does it end? Who winds up holding the bag? When does the “barbara streisand” hit the fan?

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MONEY: The creature from Jekyll Island – the Fed!

Thursday, April 2, 2009

http://www.lewrockwell.com/buchanan/buchanan108.html

Should We Kill the Fed?
by Patrick J. Buchanan

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Should not this creature from Jekyll Island, for all its manifold crimes and sins against the republic, also be summarily put to death?

*** end quote ***

The Federal Reserve Bank!

It’s neither ‘federal” since not even the US Congress can get its books audited.

It “reserves” nothing; it merely manipulates and prints.

And, it’s not a “bank”.

So what is it?

What is the creature from Jekyll Island?

(The name comes from the location of a secret collusion between bankers where the arrangement was hammered out.)

It’s a price fixing cartel a la OPEC for “american” banks.

As PJB alludes, Andrew Jackson must be rolling over in his grave, he killed one of it’s predecessors the “United States Bank”.

Of course, I agree that if we had commodity money, we would NOT have the artificial booms and busts that come with manipulating interest rates. Interest rates are the key indicator to business as to what projects are worth doing and what are not. AND, without a fiat currency, (where the Fed prints all the Congress can spend), the Congress would be restrained in its spending. AND, our poor and those on fixed income wouldn’t have to pay the brunt of the “inflation tax”.

Before leaving the Gold Standard in 1913 and before the FED embarked on manipulating us for the benefit of the rich and their banks, America was in decades of stable slightly declining prices. Money was a stable store of value.

(“Money is a matter of functions four, a medium, a measure, a standard, a store.” p116 in my novel “CHURCH 10●19●62”)

How does one plan in post WW1 Germany, Argentina in the 80’s, Zimbabwe today, or the USA in the next decade? Runaway inflation of the money supply and high interest rates are going to hurt everyone.

I have only heard one real objection and one minor objection to the Gold Standard.

Bob Brinker (bobbrinker dot com) had the minor objection that there would no ability for the government to supply stimulus to the economy with monetary policy. That’s is the problem, Bob; the politicians want inflation so they can spend to buy votes, reward their friends, and punish their enemies.

More substantially, Brinker objected to giving Congress the power to value money. He feared runaway inflation as the the COngress, as did the French Kings, inflate uncontrollably. That we agree on. Congress is like drunken sailors. Except their ship is always in.

Returning to the Gold Standard, where a dollar is defined as some amount of gold and / or silver, will impose discipline on the world.

How do we get there?

Let people be free to use whatever they want for money. The King, the government, the criminals in DC should just repeal the mandatory tender laws that force everyone to accept the dollar. The marketplace will quickly adjust.

And, Americans can get back to work.

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MONEY: Ditch dollar movement?

Thursday, March 19, 2009

http://www.reuters.com/article/newsOne/idUSTRE52H2CY20090318

U.N. panel says world should ditch dollar
Wed Mar 18, 2009 11:16am EDT
By Jeremy Gaunt, European Investment Correspondent

*** begin quote ***

LUXEMBOURG (Reuters) – A U.N. panel will next week recommend that the world ditch the dollar as its reserve currency in favor of a shared basket of currencies, a member of the panel said on Wednesday, adding to pressure on the dollar.

*** end quote ***

The end of the US Dollar as the World’s reserve currency? That would be unbelievable. “Everyone” said that it could never happen! SO, what happens when it does? Are we on the road to being like Zimbabwe?

Why are we still funding the UN. We should ditch them!

Gold and silver — the Dead Old White Guys were right — The Palladium rounds (i.e., medallions — the Gooferment gets mad if you call them coins. But thy look like coins to me.) at about 300$/oz seem like a bargain. Rarer than Platinum at 1200$/oz.

But, plan for a Carter-like inflation; did you see Carter visited the Obama White House yesterday. Why? To get advice on how to print “Whip Inflation Now” buttons?

Will Obama on Leno distract everyone with how incredibly screwed we are? And what a good guy he is personally.

Humbly, I think he’s drowning us in the deep end of the pool while he tries to distract us. Ain’t gonna work. At least, I’m not distracted as to what this means to us low fixed income folks. I hope it’s not distracting the People or you.

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