Raid on Ron Paul Dollar Maker

Federal agents raided the headquarters of a group that produces illegal currency and puts it in circulation, seizing gold, silver and two tons of copper coins featuring Republican presidential candidate Ron Paul.

Agents also took records, computers and froze the bank accounts at the “Liberty Dollar” headquarters during the Thursday raid, Bernard von NotHaus, founder of the National Organization for the Repeal of the Federal Reserve Act & Internal Revenue Code, said in an interview.

The organization, which is critical of the Federal Reserve, has repeatedly clashed with the federal government, which contends that the gold, silver and copper coins it produces are illegal. NORFED claims its Liberty Dollars are inflation free and can restore stability to financial markets by allowing commerce based on a currency that does not fluctuate in value like the U.S. dollar.

Ron Paul on Liberty Dollar Raid

    • Anonymous
    • November 23rd, 2007

    As a consequence of the raid, Liberty Dollars are very scarce. On ebay the Ron Paul Libertys are going for $300-$500 each! Many people are scrambling to get Liberty Dollar Certificates so that they can join the class action lawsuit (as the silver backing the certificates were confiscated in the raid.) The store that sells collectable Libertys (going back to 1999) is having a liquidation sale- And with no more being minted until the end of any legal proceedings, it may be quite awhile before the prices of Libertys come back down. Even common Libertys are going on ebay for $40-$50!

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