I do think that if they were only selling coins (even ones that were illegal) it would have made more sense to get a ruling against them first instead of starting of with a raid. But it sounds like they were also running a private bank, which makes the whole thing look even less kosher.

A big part of the federal government monitoring all of us all of the time is their ability to monitor all of our major monetary (Federal Reserve Notes) transactions through the current banking system. If I understand correctly, any cash deposit, inter-account transfer, or withdrawal over $10k raises a red flag to the government.

Most likely, some individuals started using private monetary systems such as Liberty Dollar or eGold (which I think was shut down by the feds a year or so ago) specifically to avoid federal monitoring, either for libertarian reasons or for crime-related monetary transfers, and the federal government was not too crazy about that.

That being the case, they shut the whole darn system down rather than pursue only the individuals who might have been involved in illegal money laundering. And, I seriously doubt the FBI has any plans on providing compensation to those people who had invested heavily in liberty dollar certificates but have committed no crimes.

P.S. I always thought that it was foolishly flirting with danger for Liberty Dollar to put approximate FRN currency values on their products. If doing so confused a single ignorant American, then the FBI can probably charge LD with willful counterfeiting.

Not up enough on this area of the law to speculate.

“Under the Constitution ( Article I, section 8, clause 5 ),”….and there is a problem…the link goes not to the actual Constitution, it goes to the US MINT ??

Wussup ? Got a real link to support your claims ? Are you just against Ron Paul, or what exactly are you trying to prove by trying to say what the folks in Evansville have done something against the law ?

The world awaits your answer.

You’re character is weak and you are not a mature adult who gives back to society. You are the emotional equivalent of a child. Please refrain from writing until you mature enough to write something that gives back to society.

I’ve heard more sense coming from the Virtual Autorantic Moonbat

Is “Josh” The Ron Paul version of the Autorantic Moonbat?

Instead it looks like it was used as a medium of exchange by criminals. The situation is probably similar to what befell E-Gold last year. Online fraud groups were using E-Gold accounts to shuffle money after they ripped people off. The difference between E-Gold and the Liberty dollar is that E-Gold is an internet currency and its transactions go through the E-Gold server. The Liberty Dollar is instead specie and and paper receipts for specie. Whereas E-Gold proprietor might be able to reign in control over its extra-legal transaction, the Liberty Dollar company cannot. But that distinction might not matter to the federal government who seems to see both E-Gold and Liberty Dollar as complicit in fraud and money-laundering. That’s some hard luck. They probably didn’t do anything wrong but they did attracted some bad company.

By the way, you have some unhealthy animosity for some people are rather weakly connected to the Ron Paul campaign. They’re running a business.

“Real money” meaning it’s backed by precious metals, don’t confuse “real money” with “legal tender,” which would mean that it MUST be accepted by law for any debt, like dollar bills.

Remember, Floppy: Google first, *then* blog. Not the other way around.

laters

FZ