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Liberty Dollar and Alternative Currency in Mass.
Submitted by Jane Aitken on Wed, 04/08/2009 - 14:44
I came across this story on TV and looked it up on the web. How is it that this woman can print her own money, but the government can get away with stealing ours that was in the form of precious metals? Have any of you been able to get your money back from this travesty? » |
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These Berkshares are just a promotional program to keep
people from spending out of the area. They are no different than a gift certificate. They do not expand the money supply because they take federal reserve notes out of circulation and the berkshares circulate in their place, but only with limited acceptance. In order to get federal reserve notes to take to another town to shop you have to go to a local bank and exchange them. This is the same as Disney Dollars which you can buy at Walt Disney World and spend just like federal reserve notes to buy things from Disney.
So they did not end the current federal reserve system of money creation. They did not increase the amount of money in circulation; they just restrict you to spending locally. They just sold you a gift certificate at a 10% discount. It really has not much to do with the monetary system, but is just a sales promotional scheme. The discount, by giving you 100 berkshares for 90 federal reserve notes, is just a sales price discount born by the local merchants or the local banks to encourage you to play the game of buying locally.
The local merchants could just have easily offered to give you 10% off if you shopped with federal reserve notes and the results would have been the same as far as the money part is concerned.
"The deepest sin against the human mind is to believe things without evidence." Thomas H. Huxley
Opinion!
The Liberty Dollar bust in Nov. 2007 was politically motivated!
Why?
Because the Liberty dollars had an ever widening circulation system started in 1998, see this:
http://en.wikipedia.org/wiki/Talk:Liberty_Dollar/Archive2
Now just as the new Liberty Dollar was about to be introduced with our Ron Paul's face on it, the FBI shut it down.
I would guess the same, behind the scenes puppet masters, were so worried about Ron Paul's growing popularity at that time, that they started a controlled dis-information campaign in conjunction with the Liberty dollar bust to sway public sentiment away from the self proclaimed "Champion of the Constitution," Ron Paul, and did a full court publicity blitz for their chosen puppets.
Federal Reserve notes are un-constitutional!!! We are all perpetuating FRAUD!!!
beesting