Tuesday, November 20, 2007

CBS News Reports

Feds Seize Fake Coins Featuring Ron Paul

Raid Of Fake Currency HQ In Indiana Nets Coins Featuring GOP Presidential Candidate

EVANSVILLE, Ind., Nov. 16, 2007

(AP) Federal agents raided the headquarters of a group that produces illegal currency and puts it in circulation, seizing gold, silver and two tons of copper coins featuring Republican presidential candidate Ron Paul.

Agents also took records, computers and froze the bank accounts at the "Liberty Dollar" headquarters during the Thursday raid, Bernard von NotHaus, founder of the National Organization for the Repeal of the Federal Reserve Act & Internal Revenue Code, said in an interview.

The organization, which is critical of the Federal Reserve, has repeatedly clashed with the federal government, which contends that the gold, silver and copper coins it produces are illegal. NORFED claims its Liberty Dollars are inflation free and can restore stability to financial markets by allowing commerce based on a currency that does not fluctuate in value like the U.S. dollar. Read more.

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