Free Bernard von Not Haus!

by Will Grigg

Under a little-known loophole in current law, the U.S. Treasury could solve the annual budget crisis by minting two one-trillion-dollar platinum coins for deposit at the Federal Reserve.

The Washington Post points out that this option has been endorsed by several well-respected mainstream economists.

Whatever the merits of this dubious proposal, it’s worth noting that none of its proponents are being treated as if they were terrorists. The same can’t be said of Bernard von Not Haus, the 68-year-old creator of the Liberty Dollar who awaits sentencing on counterfeiting charges. His supposed crime was to create a private currency made out of gold and silver, and to build a voluntary network of exchange that competed with the government’s fiat currency.

In other words: Not Haus was convicted of counterfeiting by offering legitimate private money that challenged the Federal Reserve’s officially sanctioned counterfeit. The FBI confiscated – that is, stole – millions of dollars in precious metals from the Liberty Dollar company, much of it freely paid for by customers nation-wide.

The U.S. Attorney who prosecuted Not Haus called him a “domestic terrorist.” If that word retains any meaning it applies much better to the government that is persecuting Not Haus.

SHARE:

Email This

Latest Economy
- Yellen: Where No Man Has Gone Before
- Block on CNBC: Privatize the Roads
- Burgeoning Regulations Threaten Our Humanity
- How Government Forces the Poor Into Black Markets
- "America Has Ceased to Exist": Investment Guru Doug Casey on the Coming Economic Meltdown
- The Bond Trap
- Entrepreneurs Are Moral Heroes
- Faber: Fed is making rich richer, causing increase in income inequality

No Comments Posted

Add Comment

Add Comment

Name

Comment

* No HTML

Verification *

Please Enter the Verification Code Seen Below

PLEASE NOTE

Please see our About Page, our Disclaimer, and our Comments Policy.

FAIR USE NOTICE

This site contains copyrighted material the use of which in some cases has not been specifically authorized by the copyright owner. Such material is made available for the purposes of news reporting, education, research, comment, and criticism, which constitutes a 'fair use' of such copyrighted material in accordance with Title 17 U.S.C. Section 107. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner. It is our policy to respond to notices of alleged infringement that comply with the DMCA and other applicable intellectual property laws. It is our policy to remove material from public view that we believe in good faith to be copyrighted material that has been illegally copied and distributed by any of our members or users.

About Us - Disclaimer - Privacy Policy