Gecko/20020815 Ben Laurie wrote:
At 03:18 PM 8/30/2002 +0100, you wrote:
Steve Schear wrote:
At 03:52 PM 8/29/2002 -0500, Gary Jeffers wrote:
The money is backed by silver and gold and can be redeemed widely in America.
True but only fractionally (i.e., the precious metal content is only a fraction of the face value).
And this is different from the US dollar how?
The Liberty Dollar is (at least) partially precious metal backed and is not fiat money. In fact, it may be considered fully backed! If you accept the standard deal offered by NORFED then the $US-Libery Dollar exchange does not go well for you :-) Negotiate! Actually, since the silver redeemability is fixed, then I think that we must consider the Liberty FULLY backed and not fiat. It merely appears only partially backed since the initial $ exchange offering could be better :-) -And I bet we can get better terms. Also, it is NOT DEBT ISSUED! (DOOM ISSUED!) It does not enrich a ruling elite. In fact, it subverts their trechery. It is also a choice. It is not forced on us by legal tender laws. Ben Laurie wrote:
no difference except I think I know the risks involved with the current crime syndicate ;-)
steve
See my above text.