platinumdude
4th April 2011, 11:16 AM
http://www.examiner.com/finance-examiner-in-national/federal-government-seeking-to-make-forms-of-bartering-illegal-after-court-ruling
The Federal government is trying to establish bartering private currency of any type as an illegal enterprise in a false interpretation of the court's recent conviction of Liberty Dollar's owner Bernard Von NotHaus.
In a case where the government used conspiracy and counterfeit charges against NotHaus to establish that he intended to mint and illegally replace US currency with a private one using silver coins, the US Attorney is now parlaying the conviction to say that this ruling sets a precident against any private barter transactions which use any form of currency besides established Federal Reserve Notes.
The Federal government also is seeking on April 4th to take receipt of the $7 Million dollars in silver 'Liberty Dollars' that were minted and sold by Von NotHaus.
The idea for using private currency for barter transactions is not new, and in fact is currently being done in a few cities around the country. In Detroit for example, a group of businesses created their own barter currency known as 'Detroit Cheers', and several businesses agreed to the use of local currencies in leiu of federal reserve notes.
This attempt by the Federal government to use a single court case to establish a new precident of law in regards to barter and currency gives warning to the states and the public that any course of action towards removing themselves from federal control over economic and monetary policies will be met with force and or prosecution.
The Federal government is trying to establish bartering private currency of any type as an illegal enterprise in a false interpretation of the court's recent conviction of Liberty Dollar's owner Bernard Von NotHaus.
In a case where the government used conspiracy and counterfeit charges against NotHaus to establish that he intended to mint and illegally replace US currency with a private one using silver coins, the US Attorney is now parlaying the conviction to say that this ruling sets a precident against any private barter transactions which use any form of currency besides established Federal Reserve Notes.
The Federal government also is seeking on April 4th to take receipt of the $7 Million dollars in silver 'Liberty Dollars' that were minted and sold by Von NotHaus.
The idea for using private currency for barter transactions is not new, and in fact is currently being done in a few cities around the country. In Detroit for example, a group of businesses created their own barter currency known as 'Detroit Cheers', and several businesses agreed to the use of local currencies in leiu of federal reserve notes.
This attempt by the Federal government to use a single court case to establish a new precident of law in regards to barter and currency gives warning to the states and the public that any course of action towards removing themselves from federal control over economic and monetary policies will be met with force and or prosecution.