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LIBERTY DOLLAR NEWS: February 2014 Vol. 16 No. 02

February 2014 Vol. 16 No. 02

Just Short of Three Years

Dear Liberty Dollar Supporters!

Table of Contents:
1. Legal Update
2. Scary 1929 Market Chart Gains Traction
3. Iceland Model Headed to 2% Unemployment!
4. California Bill Authorizes Alternative Currency
5. Chinese Currency is on a Roll
6. U.S. Government Says 'No Inflation' As Food Prices Soar
7. George Selgin Interviewed on the Gold Standard
8. Bad Stats for America
9. 83 Cryptocurrencies: From Bitcoin to Infinity
10. What the Federal Reserve Hopes You'll Never Find Out

1. Legal Update
Another month of no action in the BVNH/Liberty Dollar case. Next month will be THREE YEARS since conviction and almost SEVEN YEARS since the FBI wrongfully seized your property! There is no way the government can right this social wrong - even after they return your property or the market value of it. It is a gross disgrace that the government continues to commit countless atrocities here and abroad. Your continued patience is admirable and appreciated. I will keep you informed of any breaking news. 

2. Scary 1929 Market Chart Gains Traction

Scary Parallel
There are eerie parallels between the stock market's recent behavior and how it behaved right before the 1929 crash. That, at least, is the conclusion reached by a frightening chart that has been making the rounds on Wall Street. The chart superimposes the market's recent performance on top of a plot of its gyrations in 1928 and 1929. 
The picture isn't pretty. And it's not as easy as you might think to wriggle out from underneath the bearish significance of this chart. 

3. Iceland Model Headed to 2% Unemployment!

In 2008, the house of cards came tumbling down when the financial crisis made its way from the United States, to Europe, and finally to the island that banking built. Driven by the same speculation and risky lending that drove the United States' economy, Iceland crashed hard. Relative to the size of its economy, Iceland's financial crisis was the largest banking collapse in history. All three of its major, privately-owned banks failed. 

Over half a decade later and Iceland's economy has bounced back. Questions about what to do with the unemployed - common in the U.S. - are not heard in Iceland. Iceland has managed to drop unemployment to around 4 percent, but even that isn't good enough. There are serious discussions taking place in Iceland about whether it's possible to get as low as 2 percent.
Click HERE for the complete article

4. California Bill Authorizes Alternative Currency

The people of the State of California do enact as follows:
Section 107 of the Corporations Code is amended to read:
A corporation, flexible purpose corporation, association, or individual person shall not issue or put in circulation, as money, anything but the lawful money of the United States. Nothing in this section shall prohibit the issuance and use of alternative currency that is redeemable for lawful money of the United States or that has value based on the value of lawful money of the United States but a corporation, flexible purpose corporation, association, or individual person shall not be required to accept alternative currency.
More info HERE

5. Chinese Currency is on a Roll
Yuan displaces the Euro - Now second most used currency in the world
China's political and economic presence surges daily. Lockstep with that surge is the growing significance of its currency. Along with China's emergence as the world's second-largest economy, its yuan recently displaced the euro and became the second-most used currency for international trade. Chinese leaders are intent on internationalizing their currency by growing its acceptance, perhaps even challenging the U.S. dollar as the new global reserve currency. 

Chinese Government Calls For A "Global Currency" To Replace The US Dollar

6. U.S. Government Says 'No Inflation' As Food Prices Soar

This video says it all.

7. George Selgin Interviewed on the Gold Standard
Erin Ade with RTTV interviews Dr. George Selgin, economist and Liberty Dollar supporter, on whether the inflexibility of the gold standard contributed to debt-deflation in the 1930?s. Selgin does a brilliant job of myth-busting and points out that the famous Bretton Woods conference still has a huge impact on the global financial system, and has become shorthand for international monetary cooperation. Dr. Benn Steil, Director of International Economics at the Council on Foreign Relations and detractor of the Liberty Dollar, follows with the CFR's own monetary myths. 

Click HERE for a quick history of the Gold Standard that also explains why there's a growing group of advocates calling for its return.

8. Bad Stats for America
36 U.S. Cities in 20 States "Abandon" the Dollar

221 Percent Increase Renouncing American Citizenship

28 Signs That The Middle Class Is Heading Toward Extinction

U.S. Press Freedom Plunges to 46th Place
The massive drop is attributable mostly to the Obama Administration's effort to crack down on whistleblowers. Obama's Justice Department has filed suit against more whistleblowers than any other presidential administration in history.

"Countries that pride themselves on being democracies and respecting the rule of law have not set an example, far from it," wrote Reporters Without Borders Tuesday. "Freedom of information is too often sacrificed to an overly broad and abusive interpretation of national security needs, marking a disturbing retreat from democratic practices.

U.S. Congress Approves Debt Limit Increase
The Congress approved an increase in the country's debt limit through March 2015, bowing to President Obummer's demands to extend federal borrowing authority without conditions, but only after a dramatic Senate vote. 

9. 83 Cryptocurrencies: From Bitcoin to Infinity
Council on Foreign Relations uses the Liberty Dollar case as precedent to attack Bitcoin. The relevant text in the Current Currency News is on Page 12: 
Applicability of Selected Laws to Digital Currency - Counterfeiting Criminal Statutes: 
The basic governmental interest in enacting laws against counterfeiting obligations of the United States is protecting the value of the dollar and the monetary system. Under title 18 U.S.C. §§470-477 and 485-489 counterfeiting and forging of U.S. coins, currency, and obligations is subject to criminal sanctions, and under 18 U.S.C. §§478-483, criminal sanctions are prescribed for counterfeiting foreign coins, currency, and obligations. None of these statutes, however, applies expressly to a currency that exists only on the Internet and in computers in a digital form. Although the usual prosecution under these statutes involves attempts to replicate Federal Reserve notes or coins produced by the U.S. Mint, at least one case involved a conviction for issuing and circulating Liberty Dollars, designed as similar to but distinguishable from U.S. dollars and intended to "limit reliance on, and to compete with, United States currency." Whether a digital currency, even if it is designed to attack the value of U.S. legal tender, could be prosecuted under the current language of these statutes is not clear.
The complete report is available HERE

From 'Ripples' To 'RonPaulCoin'; There Are Now 83 Cryptocurrencies In The World
While Bitcoin (and Litecoin) garner the most attention in the cryptocurrency world, there are now 83 (and counting) virtual currencies to store your wealth in. Bitcoin's market cap (at over $10 billion) is by far the highest but we wonder whether the miasma of mimiccers - from Unobtainium to the ironically named StableCoin and from 'Philospher Stones' to HoboNickels - serves to reduce the confidence in Bitcoin as a new method of payments, or bolsters it as the clear market winner.

Bitcoin: Revolutionary Game-Changer Or Trojan Horse? 

Bitcoin exchange Mt. Gox disappears in blow to virtual currency 

Bitcoin Is Becoming Serious; And Serious Means Accountability

Bitcoin Flash Crashes, Drops By 80% In Seconds

ALERT! Bitcoin Just Completely Crashed & Causing Massive Sell Off!

Is the price of Bitcoin on MtGox going to zero?

eBay UK to Allow Sale of Virtual Currency 

It's No Bubble: Why We Should All Give Bitcoin a Chance 

Florida Targets High-Dollar Bitcoin Exchangers 

Friedman and Hanke on Bitcoin

Bitcoin - Revolution Or Trap?

Prosper with Bitcoin in the New Economy

10. What the Federal Reserve Hopes You'll Never Find Out
Most Americans assume the U.S. Federal Reserve is a powerful government institution that seeks only to safeguard the dollar, boost the economy and drive employment higher. That's what the Fed wants you to think. The illusion of the Fed is as a stabilizing, positive government entity that has existed for 100 years since its creation under dubious circumstances in 1913. Click HERE for the complete article. 

High lights include: 
1. The Fed is not Really Part of the Government 
2. The Federal Reserve's Primary Purpose is to Serve the Banks 
3. The Federal Reserve is Paying Big Banks Billions in Interest 
4. The Fed Has Destroyed the Dollar 
5. The Federal Reserve Enables Government's Profligate Spending 
6. The Fed Will Screw You Out of Everything You Have

Closing Remarks:
Many thanks for your continued support. For it is only by banding together and adopting a free and independent currency that provides us with "just weights and measures" that we will be able to throw off the yoke of a manipulated monetary/tax system and generate a peaceful and prosperous society.

Thank you again for all your efforts to return America to value - one dollar at a time!

Bernard von NotHaus
Monetary Architect/Editor
[email protected]

March 4, 2014 in Current Affairs | Permalink