Liberty Dollar office raided

[R.A. Hettinga]

At 6:24 AM -0500 11/18/07, Tyler Durden wrote:
>No encrypted and remote digital storage?

These guys make coins. Er. "rounds". Whatever.

Except for whenever they make warehouse receipts for gold in a vault in Idaho.

They're bearer instruments (remember *that* word? :-)), so, once the coins
are minted and sold (at an egregious markup over specie, but, hey, caveat
emptor, better than fiat money, in theory...), they don't need records. In
theory. Oh. Right. For the tax man.

Tax man...

Oh. I get it. The *tax* man...

Never mind.

Cheers,
RAH

-- 
-----------------
R. A. Hettinga <mailto: rah at ibuc.com>
The Internet Bearer Underwriting Corporation <http://www.ibuc.com/>
44 Farquhar Street, Boston, MA 02131 USA
"... however it may deserve respect for its usefulness and antiquity,
[predicting the end of the world] has not been found agreeable to
experience." -- Edward Gibbon, 'Decline and Fall of the Roman Empire'