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1 God of Binders with Women  Fri, Mar 18, 2011 6:50:04pm

Goldline!
/

2 Decatur Deb  Fri, Mar 18, 2011 7:41:17pm

Here's a background Google catch on "NORFED". This really takes you to the Fount of Crazy.

[Link: www.google.com...]

3 Romantic Heretic  Fri, Mar 18, 2011 8:20:15pm

Now the questions are: What did Glenn Beck know and when did he know it?

4 nines09  Fri, Mar 18, 2011 8:32:02pm

Well how the fuck are we expected to trust Glenn now?
Wasn't.....Bernard....a trusted.....Oh screw that shit. He gave Glenn money and Glenn did what Glenn does.....Whore it up. False Prophets Glenn, FALSE FREAKING Profits? Never a bad profit, right? Back to YOU, Glenn.
I want Glenn to go in front of a camera just once before he completely goes 4th dimensional, and chew 5 6 8 no... 11, a nice round number, of Alka Seltzer tablets as he attempts to scream the talking point of the day. Please?
Then ask if they have really tried to germinate the seeds he sells... and eat the fruits of the labor of love that brought them to the American Public.. who for too long have been under attack and unaware of all the forces that have been poised to take that money......If only Glenn could SAVE THAT MONEY....He could and would tell you some exciting news....But only if you get the Premium Glenn Beck Wet Spot News Letter!
Cretin says wha...

5 moderatelyradicalliberal  Fri, Mar 18, 2011 9:12:43pm

So Glenn was running a con on gullible idiots on behalf of another grifter? Who ever would have thought?

6 HappyWarrior  Fri, Mar 18, 2011 11:08:19pm

Clearly the work of ACORN and George Soros to make Glenn look bad.

7 (I Stand By What I Said Whatever It Was)  Sat, Mar 19, 2011 12:39:47am

There's more info on the trial on liberty4free.com as well as on the coinworld.com website originally linked by KT.

But huh, didn't know that issuing coins as private currencies was illegal in the United States. But promissory notes issued by banks are a-okay? Odd. Not sure whether that violates the principle of freedom of contract or not.

8 (I Stand By What I Said Whatever It Was)  Sat, Mar 19, 2011 12:44:33am

Better news source, btw: [Link: www.courierpress.com...]

These are the four counts NotHouse was found guilty of:

making coins resembling and similar to United States coins; of issuing, passing, selling and possessing Liberty Dollar coins; of issuing and passing Liberty Dollar coins intended for use as current money; and of conspiracy against the United States.

9 Dancing along the light of day  Sat, Mar 19, 2011 1:00:29am

LOL!
Scum sucking fear traders BUSTED!

10 Jeff In Ohio  Sat, Mar 19, 2011 5:40:20am

re: #7 000G

But huh, didn't know that issuing coins as private currencies was illegal in the United States. But promissory notes issued by banks are a-okay? Odd. Not sure whether that violates the principle of freedom of contract or not.

That's not what was going on. NutHouse was issuing coins to circulate in competition with US currency and they were made in such a way to be confusing enough to the general public as actual US minted coin. Promissory notes don't circulate and no one would confuse a promissory note with being legal currency.

During the raid, about a dozen agents seized nearly two tons of coins that featured the image of Ron Paul, a Texas congressman

Damn, I'd like a couple of those.

In Paul We Trust

11 (I Stand By What I Said Whatever It Was)  Sat, Mar 19, 2011 5:43:05am

re: #10 Jeff In Ohio

That's not what was going on. NutHouse was issuing coins to circulate in competition with US currency

As would any (private) currency. What would make you think I didn't get that? AFAIK, the federal laws applicable here were dealing with coins only.

Promissory notes don't circulate


Sure they do.

12 Obdicut  Sat, Mar 19, 2011 5:53:04am

re: #11 000G

What sort of promissory note are you talking about? The ones I know of are just loan agreements.

13 Michael McBacon  Sat, Mar 19, 2011 5:55:09am

END TEH FED!!!

14 Jeff In Ohio  Sat, Mar 19, 2011 5:58:16am

re: #11 000G

It's my understanding from the article that the Liberty Coins were deliberately minted and circulated to be able to fool the general public into thinking they were minted US currency. No one is going to confuse a promissory note for a $20 bill when you purchase your Slushy.

15 (I Stand By What I Said Whatever It Was)  Sat, Mar 19, 2011 6:27:38am

re: #12 Obdicut

What sort of promissory note are you talking about? The ones I know of are just loan agreements.

All banknotes (not neccessarily being legal tender) are promissory notes. Also, money is essentially created through loan agreements. But of course banks are simply very strong lenders, a function anyone with enough capital could exercise.

But see also [Link: www.australianstamp.com...]

16 (I Stand By What I Said Whatever It Was)  Sat, Mar 19, 2011 6:37:37am

Couple of more examples of circulating promissory notes: [Link: books.google.com...] [Link: books.google.com...] [Link: books.google.com...] [Link: books.google.com...]

17 (I Stand By What I Said Whatever It Was)  Sat, Mar 19, 2011 6:47:51am

re: #14 Jeff In Ohio

It's my understanding from the article that the Liberty Coins were deliberately minted and circulated to be able to fool the general public into thinking they were minted US currency. No one is going to confuse a promissory note for a $20 bill when you purchase your Slushy.

Yes, I got that. Wasn't my point, though.

18 (I Stand By What I Said Whatever It Was)  Sat, Mar 19, 2011 6:49:13am

re: #16 000G

First link should be [Link: books.google.com...]

19 Obdicut  Sat, Mar 19, 2011 10:08:42am

re: #15 000G

Um, yeah, but banks these days don't issue those sorts of promissory notes.

Only the US Mint does.

20 Romantic Heretic  Sat, Mar 19, 2011 10:17:15am

re: #19 Obdicut

Um, yeah, but banks these days don't issue those sorts of promissory notes.

Only the US Mint does.

Damn it! There you go bringing facts into the argument! /

21 (I Stand By What I Said Whatever It Was)  Sat, Mar 19, 2011 11:57:26am

re: #19 Obdicut

Um, yeah, but banks these days don't issue those sorts of promissory notes.

Only the US Mint does.

I was not talking about just the US or just banks in the US.

22 Obdicut  Sat, Mar 19, 2011 12:00:35pm

re: #21 000G

Then you expressed yourself incredibly poorly:

But huh, didn't know that issuing coins as private currencies was illegal in the United States. But promissory notes issued by banks are a-okay?

23 (I Stand By What I Said Whatever It Was)  Sat, Mar 19, 2011 12:00:46pm

re: #21 000G

Have to correct myself: I was adressing the situation in the US initially.

24 (I Stand By What I Said Whatever It Was)  Sat, Mar 19, 2011 12:10:24pm

Hm…

So promissory notes that do get issued by banks in the US (example) cannot be used as a means of payment?

25 garhighway  Sat, Mar 19, 2011 12:13:32pm

re: #24 000G

Hm…

So promissory notes that do get issued by banks in the US (example) cannot be used as a means of payment?

Two private parties can, between themselves, agree to any form of payment: the note issued by a bank, a gold ingot, or a pile of horseshit.

But the idea of legal tender is that you don't have to negotiate that: if the obligation has been quantified, you can pay in "legal tender" and that's the end of the discussion.

26 (I Stand By What I Said Whatever It Was)  Sat, Mar 19, 2011 12:26:56pm

re: #25 garhighway

Two private parties can, between themselves, agree to any form of payment: the note issued by a bank, a gold ingot, or a pile of horseshit.

But the idea of legal tender is that you don't have to negotiate that: if the obligation has been quantified, you can pay in "legal tender" and that's the end of the discussion.

I will happily agree with that, although it is a little besides the point and in a key point an incorrect characterization of the purpose of legal tender: legal tender is not about making the form of payment non-negotiable. Private parties can still demand to be paid in a quantity of some other form amongst themselves, there being a legal tender does not change that. And my beef was not so much with the specifications of means of payment within a contract but the creation of means of payment (currency) through contracts that deviate from the legal tender means of payment and why the latter should be illegal.

The function of legal tender is to have a currency by act of law and under the power and protection of law, nothing else. This can benefit (or harm) a lot of people, in a lot of ways.

27 Obdicut  Sat, Mar 19, 2011 12:30:12pm

re: #24 000G

No. That's a loan agreement. That's why it's got a percentage on it.

You are mixing up the two definitions of promissory note.

28 (I Stand By What I Said Whatever It Was)  Sat, Mar 19, 2011 1:05:08pm

re: #27 Obdicut

No. That's a loan agreement. That's why it's got a percentage on it.

You are mixing up the two definitions of promissory note.

I don't think I am.

29 DrBoobooday  Sat, Mar 19, 2011 2:02:51pm

My coins from Goldline are worthless? OMG!

Does that mean my emergency food backpack, as advertised on Hannity, is full of fake food?

30 Obdicut  Sun, Mar 20, 2011 6:37:34am

re: #28 000G

I don't think I am.

Do you understand the usage of 'promissory note' as a loan and promise-- and terms-- of repayment?

31 (I Stand By What I Said Whatever It Was)  Mon, Mar 21, 2011 4:19:09am

re: #19 Obdicut

Um, yeah, but banks these days don't issue those sorts of promissory notes.

Only the US Mint does.

JFTR: You are confusing creation and issuance. The Mint creates, the Fed issues.

32 (I Stand By What I Said Whatever It Was)  Mon, Mar 21, 2011 4:28:39am

re: #30 Obdicut

Do you understand the usage of 'promissory note' as a loan and promise-- and terms-- of repayment?

I don't see what point you are trying to make.


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