Liberty Dollar...

[HORSTWALTER]

Bernard just mailed me:

Today, Tuesday November 8^th marks the half way-point for the Liberty Dollar to move up to the $20 Silver Base. The current excitement at the National Fulfillment Office in Evansville, Indiana is building as the second most important event nears.
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Will the Liberty Dollar moveup and double? Well, the 30-day moving average has held longer than the two previous times combined, so I would not be surprised that it goes all the way, this time. Please take your position, call the office, and lock in some Liberty Dollars… BEFORE they double.
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Remember: Doesn’t it just make sense that when the commodity that backs up the currency increases in value, shouldn’t the purchasing power of that currency increase in value? Absolutely. And isn’t that the essence of an inflation proof currency? Of course. In fact, that is the only way that higher commodity prices can be accommodated by a free market currency.
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It is only by banding together and adopting a free and independent currency which provides us with “just weights and measures” that we will be able to throw off the yoke of a manipulated monetary system and generate a peaceful and prosperous society.<o:p></o:p>
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Thanks again for all your efforts to return America to value – one dollar at a time!<o:p></o:p>
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PS: We will post when the Liberty Dollar moves up to the $20 Silver Base. <o:p></o:p>



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Bernard von NotHaus<o:p></o:p>
Monetary Architect/Editor
http://www.LibertyDollar.org (http://www.libertydollar.org/)
http://www.silver4india.com/silver4india/modules/news/author.php?uid=29

[Dixie]

This seems like a good idea however I dont entirely understand if it will catch on. Truely...most people dont know that the dollar is worthless. They just know that green paper spends and that is it.

If I wanted to tip someone in silver...I would give them a round.

[Tn...Andy]

Huh ? I just don't "get" this liberty dollar thing.

From the website above:

When the $10 Silver Base (one Troy ounce of .999 fine silver backs $10 Liberty Dollars) moves up to the new $20 Silver Base (one Troy ounce of .999 fine silver backs $20 Liberty Dollars) the first working model of an inflation proof currency -– owned by the people who use it – will have made a major step forward.

So if I own a $10 bill, that yesterday was worth 1 ounce, and today is worth a 1/2 ounce, I'm supposed to be happy ?

Looks to me like I just got screwed to the tune of 1/2 ounce or am I missing something ?

[hoarder]

Complexity often has a motive. Complicate something and it will usually fly below our radar screen.

[Dixie]

Maybe if he did it in just Oz. by Oz. notes. 1 oz, 2 oz, 2.5 oz it would work a bit better. The only way you will have a fixed 10 bucks is to get a frn note. Although they are not "in your face" kinda up-down, they still go up and down just like silver does (until the FRNs go all the way down).

Nice theory but I still think it will have problems because the general population does not understand there is a problem.

No problem, no reason to fix (or so most think).

[hoarder]

Maybe if he did it in just Oz. by Oz. notes. 1 oz, 2 oz, 2.5 oz it would work a bit better. The only way you will have a fixed 10 bucks is to get a frn note. Although they are not "in your face" kinda up-down, they still go up and down just like silver does (until the FRNs go all the way down).Exactly. So what do we need ole Bernard for?? There are plenty of one once rounds around to use as money, Bernard could give paper certificates for people who don't want the weight of silver if he wanted. I don't know if the idea has wings, but it seems a more appropriate role for Bernard.

[Dixie]

... but it seems a more appropriate role for Bernard.

Well, I am convinced...the only one who is making out with a good deal is the guy printing these things up. Not to say it is a bad idea, it is clearly making him money (good for him!). I just dont think I would move in the direction of giving him any of mine :)

When you think about it..10 $ of silver is just little more than a round. Your right, just give people a round.

[Argentsum]

It used to be that a dollar was specified as being 371.25 grains of silver.

They stamped a "one dollar" logo on the metal coin and this told the bearer that it contained 371.25 grains of silver.

In the case of a note, say, a five dollar note, then the bill was backed by 1,856.25 grains of silver.

Now-a-days a dollar is its own measurement of what it is and is independent of any weight of silver...or anything else for that matter.

The liberty dollar represents a certain amount of silver and apparently a retail dollar value as well. In trying to peg both silver ounces and the dollar's value it does a poor job of either.

Why redeem a $20 fiat fed reserve bill for a $20 liberty note redeemable in 1 ounce of silver when you could just exchange for 2+ ounces of silver? :withstupi

[Ponce Cuba]

Ok guys, I found this two silver dollars mixed with my one oz round, one is a 1921 and the other one a 1922 and I don't know if they are Liberty or Morgan or what.......any value?

[Dixie]

Hey Ponce,

The Morgan is on the left, the Peace dollar is on the right. They are very common dates and dont really demand much numanistic premium.

You could probably get 9 or 10 bucks each on ebay (maybe more now that silver has risen), but with the cost it would take to list you would be better keeping them for just their silver content.

Either way I think the Morgans are the prettiest coin ever minted in the US.

Just a note though...I want to make sure you were not confused by this thread. The "liberty dollar" that the thread is about is a peice of paper some guy has devised and is using it as a unofficial currency.

What you have in your photo still is official currency (or was).

All the best!

[Large Sarge]

Hugo Salinas price figured to prevent hoarding of "Hard Currency", you had to always revalue the silver (or silver backed) value up.... and never down...

if silver spike to $100.00 an ounce for 1 day, then it would stay there until a higher price was met....

that way it keeps the hard money in circulation...

I do not know all of the liberty dollars rules, but perhaps Bernard is following that program....

to prevent hoarding of liberty dollars...

also, you have to understand that Ed Griffin & Bernard are trying to stave off an economic collapse...
a complete dollar collapse, so there means may not be understood, but I believe their objectives are good...

the only way to keep the economy from collapsing under fiat is to introduce a new hard money, and to keep it circulating....

[Spacecat]

Yeah I agree, I think Ed & Bernard are doing a good job, I have about 20 Liberty Dollars, They are quite beautiful. Real money as well