On November 15, several offices and operations of the Liberty Dollar were raided by the FBI and Secret Service. The seizure warrant was issued for money laundering, wire fraud and mail fraud. The Liberty Dollar is, like Madison HOURS, an alternative currency, but unlike Madison HOURS, not a local currency.
I, for one, don't know enough about Liberty Dollars to know what role it plays in our economy, compared to federal currency or local currency. What might this action mean for local currencies like Ithaca Hours and Madison HOURS? What does the raid say about federal government?
Liberty Dollars: http://www.libertydollar.org
WikiPedia article: http://en.wikipedia.org/wiki/Liberty_Dollar
Thoughts? Ideas?
Thanks for posting this
Thanks for posting this Paul.
The news articles I could find were not clear on what the charges will be against Liberty Dollars. One suggested that they may be violating counterfeiting law when they use phrases like, "The new 10 Dollar Coin." It will be interesting to see what the charges are, if it goes to court, and the outcome.