Very interesting. Not hard money, but it has many virtues:
Criticism:
Tag Archives: Sound Money
Dollar, Bernanke, NIA’s agriculture pump & dump stock revealed
* Dollar getting beat up.
* Gold / silver pull back because of pullback from Euro?
* Bernanke says, essentially “it ain’t money if I can’t print it.” Says people buy gold because of uncertainty. But Peter is buying gold b/c he is certain Bernanke is destroying the dollar.
* Bernanke claims dollar’s worth has nothing to do with America’s purchasing power. Is he nuts?
* By saying the U.S. will default if the credit ceiling isn’t raised, Obama tells U.S. creditors how low they are on the totem pole of who gets paid.
* Another NIA pump-and-dump scam.
Ron Paul Questions Ben Bernanke as Fed ponders Quantitative Easing #3
Utah takes steps to recognize gold and silver as legal tender
It may not fold as conveniently as dollar bills, but the Utah House took a first step Friday to recognize gold and silver as legal tender.
It voted 47-26 to pass HB317 by Rep. Brad Galvez, R-West Haven, and sent it to the Senate. The measure would recognize as legal tender gold and silver coins issued by the federal government — not just their face value, but also their value in gold and silver or to a collector.
It also would order the state to study whether Utah should establish an alternative form of legal tender, such as one backed by silver and gold.
“This is a step in preparedness, a step in security,” Galvez said, “that allows us to be able to help hold up our economy as the dollar continues to shrink.”
(Read more from sltrib.com)
Great Commentary on debt default, dollar, and gold
Good discussion of precious metals markets
Tom Woods demolishes Ron Paul critics
Kangaroo Courts in the U.S.S.A. target gold / silver merchant
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There is no way Von NotHaus’s coins could be confused with money. Some of the coverage of this story is disgusting: Von NotHaus designed the Liberty Dollar currency in 1998 and the Liberty coins were marked with the dollar sign ($); the words dollar, USA, Liberty, Trust in God (instead of In God We Trust); and other features associated with legitimate U.S. coinage.
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The FBI won a three-count conviction against precious-metals dealer Bernard von NotHaus on March 18 for the “crime” of minting memento “dollars” in silver, and the FBI charged in a press release that making silver coins is “domestic terrorism.” Jurors came to the unanimous verdict after only two hours of deliberation.
“Attempts to undermine the legitimate currency of this country are simply a unique form of domestic terrorism,” U.S. Attorney Anne M. Tompkins said in a March 18 FBI press release boasting of the verdict.
Making silver coins is “domestic terrorism”? Really?
“While these forms of anti-government activities do not involve violence, they are every bit as insidious and represent a clear and present danger to the economic stability of this country,” Tompkins added. “We are determined to meet these threats through infiltration, disruption, and dismantling of organizations which seek to challenge the legitimacy of our democratic form of government.” (Read more from thenewamerican.com)
Bernard von NotHaus Convicted of Minting His Own Currency
WASHINGTON (Reuters) – A North Carolina man was convicted for creating and distributing a counterfeit currency that was very similar to the real dollar, a U.S. Attorney said.
Bernard von NotHaus, 67, minted Liberty Dollar coins in the value of $7 million dollars. The conviction concludes an investigation that was started in 2005.
“Attempts to undermine the legitimate currency of this country are simply a unique form of domestic terrorism,” Anne Tompkins, U.S. Attorney for the Western District of North Carolina, said in a statement on Friday.
“While these forms of anti-government activities do not involve violence, they are every bit as insidious and represent a clear and present danger to the economic stability of this country,” she said. (Read more from infowars.com)
The lawsuit against HSBC & JP Morgan for silver market manipulation
JP Morgan Silver Manipulation Explained
The Silver Market Manipulation Reader
Evidence has been presented that the Silver Markets are being manipulated to Suppress Silver Prices – NOT to raise the prices, as was accused in the case of the Hunt Brothers in 1979-80.
Who would benefit from Gold and Silver being manipulated in this way? Answer: those who create Fiat Money and who benefit from the Planned Inflation Policy of Central Banks.
More information and a list of additional reading material at radiofreemarket.com.
World Bank head calls for monetary system linked to gold
Of course, I don’t think we need any world bank. Around 1900 almost all international trade conducted in gold and silver. This emerged voluntarily without any massive, tax-payer funded, secretive bureaucracies telling us that it ought to be that way. I’m suspicious of his true motives and intent in making this declaration.
In the run-up to the G20 summit of leading economies, to be held Thursday and Friday in Seoul, the president of the World Bank has published a column in the Financial Times calling for a fundamental revamping of the global currency system involving a lesser role for the US dollar and a modified gold standard. The Financial Times underscored the significance of the column by making it the subject of its front-page lead article on Monday.
In his column, World Bank chief Robert Zoellick, a former US Treasury official, points to the crisis conditions prompting his proposal. (Read more from wsws.org)
An inflationary world vs. a deflationary world.
“The dangers of deflation are chimerical, but its charms are very real. There is absolutely no reason to be concerned about the economic effects of deflation, unless one equates the welfare of a nation with the welfare of its false elites.” ~Dr. Jörg Guido Hülsmann
From Radio Free Market: