Fwd: [gsc] criminals arrest free market moneteers

R.A. Hettinga rah at shipwright.com
Fri Jun 5 06:38:06 PDT 2009


-----BEGIN PGP SIGNED MESSAGE-----

The Feds of recently nailed the principals of e-Gold more or less to a
cross of gold for instantaneous non-repudiation of book-entry  
transactions,
threatening set loose the usual Four Horsemen of the Infocalypse.


Now it looks like various Men in Black are going after Liberty Dollar,
below, for instantaneously non-repudiable physical-delivery bearer
transactions, again to prevent the aforementioned Pale Riders -- or at
least Pac-Man characters -- to be at large and in charge...

Uncle Fed has been dancing on the heads of the Liberty Dollar crew --  
whose
business was selling gold and silver rounds, intaglio-printed warehouse
receipts, etc. on the, shall we be charitable, Amway, model and calling
them "dollars" -- for a few years now, including the confiscation of a
vault of coins and bullion at a custodial warehouse / minting-printing
contractor in Colorado somewhere.

Part of the hard-money hoard confiscated back then was a bunch of
about-to-be-released "dollars" with Ron Paul on their face, the  
profits of
which were to be donated to Mr. Paul's presidential campaign. The  
wikipedia
entry for "Liberty Dollar" tells a pretty fair story, for them as  
wants to
catch up on the whole thing in more detail. None Dare Call It  
Conspiracy,
and so on.

Paradoxically -- or not, depending on which side your agorist bread is
buttered -- the price of specie took off so much over the decade or so
LD has been cutting their precious metal cookies that the stated  
"dollar"
amount on coins issued at that time is significantly exceeded by the  
value
the gold/silver they're made of, including the, okay, usurious,  
premium at
which they were sold...


One presumes, again with the agorist cap on, that this is merely a  
prelude
to a confiscation of specie and other hard wealth, and a massive  
inflation
of the US Dollar in light of the recent assumption of decatrillions of
national debt, and thus, cats and dogs living together, The End Of The
United States As We Know It.

Having witnessed -- even enthusiastically participated in -- various  
forms
of millennialism, capitalist, digital, and/or both, over the past 20  
years,
I'm not so sure. Rome, though Byzantium, asymptotically persisted as a
political entity until the Turkish sack of the 15th century. Nothing  
ever
*really* goes away, even buggy whips and flint-knapping. Political
kleptocracy, force monopoly, socialism -- but I repeat myself -- will
persist in spite of themselves as recent "elections" -- Mencken's  
"advance
auctions of stolen goods" -- have shown.

However, this new but inevitable development in the Free (not as in  
beer)
Money business, like the times, is interesting, if mostly in the Chinese
sense.

"... 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'

...as my old .sig used to say.

Cheers,
RAH

-----BEGIN PGP SIGNATURE-----
Version: 9.10.0.500

wsBVAwUBSike2cUCGwxmWcHhAQHQEAf+J1N7T8mfcXlcCiRtVPaYs4D3sNXYL2IH
vY78DCGnnRYJkP9r9iMzkkPXjWKuc7d0wBGicEm7J/663WzEGPDEZ3yVBi2SqlNh
Yu7oUsnoWz/aX3LdmFzcAsKWmYV0o+dABtX1/RON8m1yDRUlXxFoPkwcSdU9SWmY
Adt0SyCJxi9QTm5fSRo3Uzmn+tM9k4A+6MVxzAQC8zWUICl15/kHvSDTOyBy7HkB
OIAdU2L7CzWLX/OhuAyjeqX/E6Jck26AQsvYT2RZgUShI0QysMnV5CTVjkyfZ467
Qrvg05zqnLNSeR0NXZgy9sIvOr41aNxI/FrCdBMGg5sVdG/ay9urjQ==
=yjbE
-----END PGP SIGNATURE-----


--------





Begin forwarded message:



More information about the cypherpunks-legacy mailing list