David vs Goliath: One Lone Man’s Quest to take on The Federal Reserve
More and more Americans are returning to value based money,
and rejecting the inflationary greenbacks
-- There's a new paper currency in America, and it’s called
The American Liberty Dollars.
They come in denominations of $1, $5, and $10 paper currency 100%
backed by silver, and a $500 paper currency 100% backed by gold.
And, eLiberty Dollars which can be e-mailed to
anyon, anywhere in the world.
Issued by the non-profit, member supported NORFED, Liberty Dollars is weaving
it’s way into the economic fabric of American life and bringing competition to the greenbacks.
The certificate (a Warehouse Receipt) represents title of ownership of the silver or
gold backing it. The person holding the paper currency is
the rightful and only owner of the silver or gold.
Since it's redeemable upon demand, the currency holder
can turn in the certificate and collect his silver or gold.
What Is American Liberty Dollars?
NORFED buys the silver and gold bullion on the commodity exchange. It's transported to
Sunshine Minting where it's tested for purity, weighed and minted into 1 troy ounce Silver Libertys
containing .999 fine silver, and 1 troy ounce .999 Gold Libertys containing .999 fine gold.
The Libertys are warehoused at the Sunshine Mint, Couer d’Alene, Idaho;
BEFORE any certificates are issued. These certificates are called The American
Liberty Dollars, and the amount of the issued certificates are always EQUAL to the
amount of silver and gold in storage that is backing them.
This protects currency holders against inflation.
The silver and gold is insured and is audited monthly by a
certified public accounting firm, Clark Anderson McNelis and Co.
This protects the people holding the circulating paper currency.
Every financial audit is posted on NORFED’s website to allow anyone to
view the financial life of the organization.
It should be understood that the paper currency is the American Liberty Dollars.
The minted 1 Troy ounce Silver and Gold Libertys is the
silver and gold that backs the paper currency.
NORFED is non-profit and completely member supported. As with every enterprise
that provides a finished product (the minted silver and gold Libertys)
they must run a tight ship to
cover their cost of doing business including
purchasing the silver, transportation, minting, storage, certificate printing,
insurance, security, accounting, legal fees, advertising, and office administrative costs.
Therefore, the minted finished silver and gold will be slightly higher in price, than the
raw silver bullion.
Liberty Dollars supporters, uneasy about recent economic meltdowns in
South America, immediately switched
to using the new currency upon learning of it's existence.
Citing Liberty Dollars qualities; inflation-proof, debt-free, interest-free, value-based,
decentralized, and independent; they contend the problems in South America
can be prevented here with the use of the
Liberty Dollars.
In comparison, greenbacks cannot be redeemed for silver or gold because it’s
backed by nothing. But, there was no alternative widespread paper currency, until now.
Is it legal?
Yes. If it doesn’t say "legal tender," according to the U.S. Treasury Department's Legal Team.
Legal tender laws mandate that you must accept greenbacks when it's offered to you as payment,
even if you don't want it.
Why would anyone want to be forced to accept worthless money? Liberty Dollars is
both legal and voluntary.
Since it's sound money, there's no need for legal tender laws to force it on the people.
Over 60 US communities have their own currencies, but they are local currencies. Liberty Dollars is
in use nationally and internationally.
What Is NORFED?
Bernard von NotHaus, Senior Economist and founder of NORFED
(National Organization for the Repeal of the Federal Reserve Act and the Internal Revenue Code),
spent 23 years researching and developing the
Liberty Dollars so he could take on the Federal Reserve.
He’s outraged at what he sees as the takeover of America’s monetary system
by wealthy internationalists,
who financially feed off unsuspecting Americans like parasites.
Most Americans are totally ignorant about money and America's money system, or
how it's making them poorer.
So, von NotHaus is crisscrossing the US to educate Americans about The Federal Reserve.
He reminds audiences,
"When the people own the money – the people own the government.
When the government owns the money – the government owns the people."
Why a new currency?
A crash course on The Federal Reserve proved insightful.
Congress is constitutionally authorized to coin government issued money.
However, they created the Federal Reserve in 1913, which is not a "federal" agency,
but banks privately owned mostly by international bankers.
When the US government needs money, they ask The Fed for loans.
The American people, and their assets, labor and children, is pledged as collateral.
The US Treasury then issues bonds to the Federal Reserve. This is debt
that serves as the backing for the greenbacks.
The National Debt
After receiving the bonds, The Fed prints up the amount of
greenbacks that the US government wants and issues it to them.
They just created billions of dollars from thin air.
There is no gold or silver backing it, so this ensures Americans will be taxed by
inflation without realizing what is happening to them.
This is how we get the national debt -
billions of dollars printed from thin air which
must be repaid by every American, PLUS interest -
owed to international bankers,
the owners of the Federal Reserve and
the rightful owners of the greenbacks that you use.
The greenbacks are printed at a cost of three cents per note.
For example, the cost to print a $20 note is three cents.
The worthless greenbacks, which are debt instruments, is then spent into circulation.
When you get it at the bank, you and all Americans must repay it at the
face value of $20 PLUS interest.
Multiply that by trillions and you understand how the debt keeps growing.
The Federal Income Tax
The Federal Income Tax was also passed in 1913 to pay the interest on
the forthcoming national debt. You and your children were pledged as collateral.
This money which is taken from you goes to The Fed to pay the interest on the national debt,
it does not go to the US Treasury. The interest keeps rising.
You didn't incur the debt, politicians did.
Fiat money provides a way for them to spend in unlimited amounts.
If you did incur the debt, I hope you have a mansion or at least a lear jet
to show for all that debt.
As soon as your children start working, they start paying the interest on the debt.
Your children certainly didn't incur the debt.
But, maybe they were out buying beautiful
vacation retreats and yachts when you weren't looking.
Your children will be saddled with paying this debt and interest until their death,
in addition to trying to take care of themselves financially,
pay college loans, pay a mortgage, buy a car
and other expenses of daily living.
Each new generation of children that starts working also has
to start repayment of the interest on the debt.
They are milked like common cattle.
If there was no fiat money, there would be no need for any debt repayment or interest payment, so
no need for an income tax.
Until 1913, the US government operated for 137 years without Federal Income Taxes,
sometimes having surpluses.
Why did all that change? Subscribe to the FREE Ezine Money 101 to find out.
How Can I Get the Liberty Dollars?
Contact NORFED,
or your nearest Redemption Center and they will exchange your greenbacks for the
Liberty Dollars on a one-for-one basis, free of charge.
There are over 1,200 Redemption Centers nationwide (a list is on NORFED's website).
To decentralize circulation and get the currency directly into the hands of the
American people faster, NORFED allows ANY individual or business
to become a
Redemption Center for the Liberty Dollars. The sign-up process is brief and non-intrusive.
NORFED hopes there will eventually be at least 250,000
Redemption Centers making the Liberty Dollars as ubiquitous as the greenbacks.
Redemption Centers agree to help circulate the Liberty Dollars and educate Americans about
America's inflationary money system.
In return, NORFED supplies the Redemption Centers with the Liberty Dollars at a
DISCOUNT,
because the Redemption Centers is doing the horsework of circulating the currency
throughout the United States.
The Redemption Center profits by spending the Liberty Dollars at face value
to purchase goods and services, or
exchanging the Liberty Dollars for the greenbacks on a one-for-one basis with
other individuals and businesses.
The Redemption Center then uses the greenbacks to purchase more Liberty Dollars from NORFED.
NORFED uses the greenbacks to purchase more silver and gold
on the exchange, in order to get more silver and gold into circulation.
This way, the inflationary and parasitic fiat greenbacks are
converted into sound money, moving Americans into a inflation-proof money system.
Americans who hold the Liberty Dollars are now the owners of their money, it's not owned by the
Federal Reserve. Their wealth is real. It's not affected by
inflation, debt or interest.
It should be noted that America's banks profit from a similar discount system with the greenbacks.
They get the greenbacks from The Federal Reserve at a discount.
They make their profit by loaning it to you at full face value plus interest.
That is their compensation for doing the work of circulating the greenbacks.
Various buyers groups have formed so that Redemption Centers can purchase
the Liberty Dollars at up to 40% discount.
That means a Redemption Center would get a
Silver Liberty (1 troy ounce of silver) worth $10 for only $6.
He would exchange it at it's face value of $10, and make a profit of $4.
This is not as much as the banks make on their inflationary greenbacks, but still a good profit.
Americans are Working Longer and Harder
American are chasing after the greenbacks, trying to accumulate
as much as possible so they can become wealthy or have enough for their retirement.
Americans are working longer and harder like hamsters on a treadmill, but don't seem to
grasp that the very greenbacks that they are chasing after is what's
preventing them from becoming wealthy.
Why?
Their wealth is being reduced by the inflation built into the greenbacks.
The fiat greenbacks is deliberately designed to make the people
who use it, poorer; and the people who
own it, wealthier.
The productive output of Americans is enough to make them very wealthy right now,
but it's being stolen from them through inflation.
Don't Bother Calling Your Congressman
All Congressmen are in on this national scam.
It's the American people who have been bamboozled.
Supporters of Liberty Dollars assert that Americans don’t need to vote,
lobby, or protest to stop the debasement of their money.
The tool has been provided by NORFED. All Americans need to do is use it.
Silver and gold has been used as money for thousands of years and is inflation-proof.
Americans can reclaim their money, their hard earned wealth, and their country
simply by switching to the new currency.
No writing letters or calling politicians.
No begging or pleading. No kissing their arse.
Just stop using the greenbacks. Simple and clean.
Will this David get eaten by Goliath? Only time and the American people will decide.
To Become a Redemption Center and get the Liberty Dollars at Discount, visit
NORFED
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