Comment

Glenn Beck's Gold Merchant Convicted of Fraud and Counterfeiting

10
Jeff In Ohio3/19/2011 5:40:20 am PDT

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