September 30. 2008
Alert #29: Aloha Liberty Dollar

Now I am not usually a doom-and-gloom guy. I developed the Liberty Dollar to bring a real solution to the currency situation that I realized in 1974… some 34 years ago! And for all these years I have strived to bring about a proven, positive, peaceful and profitable solution to our country’s controlled fiat monetary system.

And while I greatly appreciated your support (ala the Choir), at almost every turn there has been an invisible force that has thwarted the Liberty Dollar development and larger use. At first you may think, I mean the government. That is not the case. The government had been amazingly supportive up until the raid. The most disturbing “invisible force” is bunch of traitors who confess to have the very ideals that you think they endorse. Unfortunately, most of the time I found our supposed “leaders” to be vain little men, who were much more interested in maintaining their position than saving the country.

Who are these traitors who have steadfastfully blocked or secretly worked to undermine the Liberty Dollar and its ideals? Well over the years I have made several lists, but I am now on Tour and time has long dulled that list… but it is easy to list a few and you may know a few more from your own efforts with the Liberty Dollar.

List of Bellybuttons:
Lew Rockwell, Von Mises Institute
Mark Skousen, Newsletter
Bill Bonner, Agora Publishing
Addison Wiggin, Newsletter
John McManus, John Birch Society
Ed Crane, Cato Institute
Jack Pugsley, Sovereign Society
Vin Suprynowicz, Las Vegas reporter
Charley Reese, Orlando reporter
Sheldon Richman, writer
Doug Casey, Newsletter
Franklin Sanders, Moneychanger-my-ass
Jim Cook, Investment Rarities
Peymon Mottahedeh, Freedom Law School
Ron Paul, Politician

I contacted every one of these bellybuttons. Each had the opportunity to really advance the ideals of liberty but didn’t. They are liars and traitors to the ideals that you may think they support. I would never trust any of them. None will address the issues or even state their objections to the Liberty Dollar. Most will not even reply. A few have said I don’t like them because they would not endorse the Liberty Dollar. Hell, I have never asked for an endorsement from anyone and don’t care if someone endorses the Liberty Dollar or not. But I brand these traitors as bellybuttons because they stonewall, back stab and take adverse positions against the Liberty Dollar while publicly stating that they support the very same ideals but refuse to enter a discourse to move a viable solution forward.

As a student of Austrian Economics, I was particularly drawn to the Mises Institute so I made an appointment to meet Lew Lockwell. When the day finally arrived, his secretary kept me waiting for an hour, then he stood me up and had me forcibly evicted into a driving Alabama rainstorm without a car. Nice business manners, eh?! For that and ten years of behind-the-scenes of negativity, I name Prickwell king bellybutton of the government controlled opposition. Skousen, Bonner, McManus, Crane and Casey are not far behind. Be very careful of whom you ask advice. If you have any doubts, just ask this list of American traitors, because I have and they all made me sick.

Contrary to these lying bellybutton traitors, there have been a great many “ordinary Joes” who have exemplified the greatness of our original Founding Fathers. These men and women have won my heart, not because they support the Liberty Dollar, but because they have devoted their lives, fortunes and sacred honor to furthering the ideals as represented by the Liberty Dollar.

I don’t know what happened at his appointment nor do we know why he’s pissed at the rest of those listed but I’m not getting the feeling that it was anything to garner this kind of response. In my opinion the Liberty Dollar little more than a scam. Selling a one troy ounce silver round for $50 is 3.66 times the spot price of $13.64 (bought in 50 to 100 troy oz batch) at the time of writing. They then attempt to use the $50 face valued coin as if it was worth as much as a $50 FRN. As the cost of silver rose so did the profit margin when it was re-minted with a higher face value. It is no wonder that these individuals didn’t want to associate themselves with von NotHaus and the Liberty Dollar. It’s obviously of questionable legality (not that any of those listed agree with that status but they likely don’t want to be directly affiliated with that) and it questionable morally too. If someone wishes to invest in metals the Liberty Dollar is a complete waste of money and if you wish to use metals as a currency or barter buying generic rounds is not only significantly cheaper but it doesn’t have the legal issues. Those “ordinary Joes”, of which I know a few personally, who are RCOs or are purchasers and users of the Liberty Dollars were suckered into a pyramid scheme.

The idea is right but the implementation is just too off to be an honest business.

http://www.telegraph.co.uk/…

The US Federal Reserve is examining the Nordic bank nationalisations of the 1990s as a possible interim solution to the US financial crisis.

The Fed has been criticised for its rescue of Bear Stearns, which critics say has degenerated into a taxpayer gift to rich bankers.

A senior official at one of the Scandinavian central banks told The Daily Telegraph that Fed strategists had stepped up contacts to learn how Norway, Sweden and Finland managed their traumatic crisis from 1991 to 1993, which brought the region’s economy to its knees.

It is understood that Fed vice-chairman Don Kohn remains very concerned by the depth of the US crisis and is eyeing the Nordic approach for contingency options.

Scandinavia’s bank rescue proved successful and is now a model for central bankers, unlike Japan’s drawn-out response, where ailing banks were propped up in a half-public limbo for years.

I’m not able to find the clip he used but Gardner Goldsmith on his radio show yesterday but not only did the administration admit it and the Fed is looking into how the Nordic banking nationalization went it admitted to planning to open the floodgates on the money supply as long ago as last spring.

Ron Paul was on the Glenn Beck show tonight (see below) and Beck was in a daze of sorts. If you noticed, this morning some fairly bad news came out about UBS and some other banks. An additional $19b writedown for UBS and their director stepped down. Auto sales dropped. Oil was at new highs. Metals are all down. Etc. And yet the Dow was up almost 400 points. 3.19%. Nasdaq and the S&P 500 even more. And that’s after this news about the Nordic nationalization. Beck says he was never a conspiracy theorist, thought the John Birch Society people were crazy, but as he reads about the Fed, about the 1907 crash, he’s getting very uncomfortable with what finds in the past and the continuation of it in the present. Beck is hardly a real libertarian or gold bug but it’s really great to see someone on in the MSM helping get this info out there.

• 9:00AM Watched a Libertarian debate featuring: Alden Link, Daniel Imperato, George Phillies, Wayne Allyn Root, and Michael Jingozian. It was moderated by Gardner Goldsmith and former Libertarian presidential candidate Don Gorman. Part 1, Part 2. Link was less enthusiastic than Fred Thompson. He admitted that the only reason for his candidacy was to raise awareness for and push nuclear power. Imperato had a problem understanding that if you place your face so close to the mic that you could kiss it it doesn’t sound good. He’s not even a libertarian. He’s anti non-American. He wants to place fees on everyone else who comes in contact with us from naturalization to exports. Phillies had the most consistent LP platform. He also appears to be the most educated on the issues in general and is very realistic and frank about what he would and could do as president. He also fully admits that’s an incredibly unlikely situation and he’s more interested in making the LP a legit party in the eyes of the general public. Root is a libertarian Republican really but more Republican than libertarian unlike Ron Paul. He’s really got the attitude and money experience that would be nice to see in a LP candidate but his platform isn’t nearly as good as Phillies’. He does have an interesting plan on growing the party which I’d like to see him do regardless of whether he wins the LP candidacy. Jingozian wasn’t very motivated. I didn’t feel that he was putting all that much effort into his candidacy and came across as ignorant often on topics. There were people video recording this but at the time of posting I’ve been unable to find it online.
• 12:00PM Closing Ceremony. Bob Schultz introduces John McManus of the John Birch Society. He have the speech called What About the Constitution? At around 1:10PM Ron Paul was introduced. He brought Barry Goldwater Jr. with him. The video below isn’t complete but it’s a decent speech.
• After Paul had left the room people started to leave and xyz and myself decided to head home. We went around to say goodbye to our new acquaintances. Gardner Goldsmith, Mark Edge, etc. Unfortunately some people were busy dealing with Paul so Chris Lawless, Glen Jacobs and a few others were missed. I met some Objectivists during the forum, both who hate and like Paul, who invited me to the Atlas Society’s Summer Seminar. It’s 2 weeks after PorcFest which I’m more interested in attending so I it’s not likely I’ll attend (that and it’s in Oregon and I’m not in agreement with some of the major tenets of Objectivism as far as I currently understand them).
• We got in the car, went to exit the parking deck and there was a large group of Paul supporters blocking the exit. Seems Dr. Paul was just leaving. We crept through the back of the crowd and headed home. Took about 4 hours.