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9/22/2006 By now most readers should be aware of the US Mint alert posted on their web site regarding the use of Liberty Dollars in trade. Last night, I was shocked by a CBS local news segment in which a New York Liberty Dollar representative was ambushed on hidden camera, and given no opportunity to defend himself once it was divulged to him that the segment had been slanted against the Liberty Dollar from the beginning. I would recommend that you watch the 2 minute video, which can be viewed from the station’s web-site. Especially telling of the attack which we are now suffering, is the 30 second interview with U.S. Secret Service agent Rich Sterapoli(sp), who says,“All aspects of this entire operation (The Liberty Dollar®) are highly illegal.” The agent further declares: “It is a violation of the law, and you are subject to arrest, just for mere possession.” For nearly eight years, neither the Secret Service, nor the Mint, had a problem with the Liberty Dollar, but now they are working closely with the mainstream media in an attempt to adversely affect our business through the utilization of scare tactics. Of course, there is nothing illegal about The Liberty Dollar®, and in fact, it is the Federal Reserve Note, otherwise known as the U.S. Dollar, which is in violation of the law, that is assuming of course, that the Bill of Rights and Constitution still apply as the law of the land. The Coinage Act of 1792, which specifically dictates the terminology, engraving, and most importantly, the amount of gold, silver, and copper with which our coinage is to be produced, defines a dollar as 371.25 grains of pure silver. The Liberty Dollar® contains 480 grains of .999 pure silver, while the current U.S. Federal Reserve Note contains perhaps 3 grains of cotton paper and ink, and has not been backed by silver since 1965. |
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So now we are left wondering, why would the Treasury Department seek to discredit the Liberty; threatening our customers and supporters with arrest and imprisonment? What has transpired in the last few weeks or months that has triggered this fusillade of slander from our public servants and their publicity tools?
Yes, The Liberty Dollar® organization is growing, both in terms of customer base, and corporate infrastructure. We now have a full time marketing director, the main-office staff has doubled, and there are now 80 Regional Currency Offices (ten in California alone). Yes, due to an 80% increase in the price of silver, the face value of the $10 Liberty doubled to $20, and the 30% increase in gold's market price forced the 1 ounce Gold Liberty's face value to also double to $1000. Yes, the stock and housing markets are languishing, the National Debt is approaching $9 trillion, the U.S. Dollar is rapidly losing it's historic status as the global trade currency, and people are flocking to commodity metals as a safe haven from impending hyper-inflation.
Ok, so is it our fault that we actually understand monetary history and acted accordingly? Why should the Liberty Dollar®, and its proponents, or any other honest money advocate for that matter, be punished for engaging in lawful activity? We know that the current Federal Reserve, fiat currency system is doomed, and we have a viable solution in The Liberty Dollar®, so why not let us continue in our efforts to assist We the People by propagating a lawful, monetary-metal backed alternative to the failing U.S. Dollar?
As of July 10th, 2006, the United States government has a new Treasury Secretary, former Goldman Sachs CEO Henry Paulson, and as of September 5th, 2006, the U.S. Mint has a new Director, Edmund C. Moy. I will challenge the reader to research their backgrounds, as well as the recent actions of their respective agencies, and determine whether these two individuals have been suitably charged with the safeguarding of our nation's circulating currency. Please keep in mind that both have sworn an oath to defend the Constitution, and should therefore, as all public servants, be held accountable for any unlawful or un-Constitutional behavior.
Time and tide will ultimately dictate the level of success or failure for The Liberty Dollar®, and during these interim ebbs and flows, we must look positively upon these attacks by our public servants as the compliments that they truly represent.
The U.S. Treasury is attempting to discredit and destroy a viable competitor to the monetary monopoly known as the U.S. Dollar. They have properly identified The Liberty Dollar® as a threat, and they have exposed their strategy through their use of slander and fear tactics.
- Matthew Pitagora
- Liberty Dollar of San Jose