{"id":858,"date":"2011-09-18T05:21:29","date_gmt":"2011-09-18T12:21:29","guid":{"rendered":"https:\/\/vinsuprynowicz.com\/?p=858"},"modified":"2011-09-19T08:25:59","modified_gmt":"2011-09-19T15:25:59","slug":"and-now-it%e2%80%99s-illegal-to-possess-the-silver-coins","status":"publish","type":"post","link":"https:\/\/vinsuprynowicz.com\/?p=858","title":{"rendered":"And now, it\u2019s illegal to possess the silver coins"},"content":{"rendered":"<p>I\u2019m a tad too young to remember nickel Cokes, though I can remember when they were a dime.<\/p>\n<p>It\u2019s tempting to say that in vending machines today \u201cthey\u2019re now a dollar.\u201d But in fact the four quarters you\u2019re shoving in the slot consist mostly of copper and contain not a smidgen of silver, so your mistake lies in believing those four copper sandwich slugs add up to \u201ca dollar.\u201d<\/p>\n<p>Go to a pawn shop or coin store and try to buy four battered old \u201ccommon-date\u201d pre-1965 silver quarters, today. You\u2019ll pay at least $29 in greenbacks, and that\u2019s only because those four quarters collectively contain not a full ounce of silver, but only .72 ounces.<\/p>\n<p>That means, compared to 1964, the buying power of a paper \u201cdollar\u201d is now three cents.<\/p>\n<p>As the dollar approaches the value of the currency of Zimbabwe or the old Weimar Reichsmark (think old pictures of Germans hauling wheelbarrows full of paper notes to the grocery store) Americans are going to need some alternative form of currency. Or did you think it was going to be easy to trade your services as a cocktail waitress to your dentist in exchange for getting a cavity filled?<\/p>\n<p>Bernard Von NotHaus checked with the federal government to make sure there was nothing illegal about his plan to mint and sell one-ounce silver rounds. They told him \u201cNo problem.\u201d Then they arrested him, seized his silver and gold to a value of millions of \u201cdollars,\u201d and put him in prison, supposedly for \u201ccounterfeiting.\u201d<\/p>\n<p>Now, Coin World magazine reports anyone out there holding such a silver round may find it subject to confiscation. (<a href=\"http:\/\/tinyurl.com\/42gsnk6\" target=\"_blank\">http:\/\/tinyurl.com\/42gsnk6<\/a>).<\/p>\n<p>Jill Rose, chief of the criminal division for the U.S. Attorney\u2019s Office in Charlotte, N.C., told Coin World Aug. 24 that the Liberty Dollar medallions are confiscable as contraband, even if they\u2019re being exhibited \u201cfor educational purposes only.\u201d<\/p>\n<p>Rose, who served as lead prosecutor in the Von NotHaus case, said that \u201cbecause von NotHaus\u2019 conviction included violations of Sections 485 and 486 of Title 18 of the United States Code, the Liberty Dollar medallions were determined to be counterfeits, contraband and subject to seizure,\u201d Coin World reported.<\/p>\n<p>After all, since these rounds bear the legend \u201cLiberty dollar,\u201d some poor sap might get duped into accepting one of these FULL OUNCES of silver in place of an old, pre-1935 U.S. silver dollar, each of which contains 0.7734 ounces of silver, and which don\u2019t circulate any more, anyway.<\/p>\n<p>That\u2019s right, leaving aside the \u201cnumismatic value\u201d which might lead a collector to pay you more for an uncirculated old silver dollar with an \u201cS\u201d or \u201cO\u201d or \u201cCC\u201d mint mark, and also ignoring fanciful stampings on some of the von NotHaus one-ounce rounds which asserted they were worth \u201c10 Liberty dollars\u201d or \u201c20 Liberty dollars,\u201d the one-ounce von Nothaus \u201cdollars\u201d contain more silver, and are thus worth MORE &#8212; not less &#8212; than the \u201creal thing.\u201d<\/p>\n<p>Now, von Nothaus was selling and redeeming his coins in some kind of multi-level operation which sought to establish a value for the things considerably above \u201cmelt.\u201d Every multi-level sales operation I know about informs participants that the buyer is paying some premium, which flows \u201cup-line\u201d as commissions. This is perfectly legal, because no one is obliged to buy.<\/p>\n<p>Von NotHaus had no power to require people to value his coins any higher than melt &#8212; unlike, say, the federal government, which has banned contracts calling for payment in gold or pretty much anything except their own increasingly worthless fiat greenbacks, the value of which (thanks to the Fed\u2019s massive and purposeful ongoing inflation, now euphemized as \u201cquantitative easing\u201d) melts away like sugar cubes in the rain, even as you wait for your creditor to pay you back.<\/p>\n<p>A \u201ccounterfeiter\u201d whose coins are purer than any ever minted for circulation by the U.S. government? Think about it.<\/p>\n<p>You\u2019ll pardon me if I thus presume this is a first step toward endeavoring to make it illegal for U.S. citizens to hold and use any currency other than the increasingly worthless green paper-and-linen trading stamps of the fraudsters at the Federal Reserve, who hate competition from anyone marginally less crooked then they are.<\/p>\n<p>Give them time. Soon, you\u2019ll hear that our economic problems are being caused by \u201cspeculators and hoarders\u201d attempting to salt away anything that could be of value during the forthcoming currency collapse. Like, oh, I don\u2019t know &#8230; gold, guns and silver.<\/p>\n<p>Meantime, like the old carnival huckster of Oz, urging Dorothy and her pals to \u201cignore the little man behind the curtain,\u201d the mainstream media and even the Tea Party &#8212; who increasingly resemble a bunch of neocons who\u2019ve merely been mistaken for smaller-government Libertarians &#8212; do everything they can to marginalize GOP presidential hopeful Ron Paul, pretending he reveals himself to be some kind of \u201cnutty professor\u201d when he keeps talking about our Monopoly-money \u201cdollar\u201d and the cabal of private bankers known as \u201cThe Federal Reserve.\u201d<\/p>\n<p>\u201cPaul is not a serious candidate,\u201d opined Deborah Saunders of the San Francisco Chronicle on Sept. 9.<\/p>\n<p>Her proof? \u201cDuring the debate, he advocated privatizing air traffic control and said that prescription drug regulation \u2018does as much harm as good.\u2019\u201d<\/p>\n<p>Oh, that proves it. Why, the next thing you know, he\u2019ll be proposing we privatize railroads and the oil industry.<\/p>\n<p>The FDA exists primarily to protect the monopoly of the big drug companies against upstart competitors who can\u2019t afford to jump through the bought-off bureaucrats\u2019 million-dollar hoops, threatening to jail people who advertise the established health benefits of vitamins and other natural herbs and supplements while providing cover for who knows how many toxic nostrums.<\/p>\n<p>And challenging this set-up proves you\u2019re \u201cnot serious\u201d?<\/p>\n<p>Paul, by the way, was given no chance to answer the Federal Reserve question &#8212; though the \u201cleading\u201d candidates were &#8212; at the Sept. 12 \u201cTea Party\u201d debate in Tampa, Fla. What was more interesting, though, was the way he was initially applauded there when he said a lot of money could be saved if America embraced a Washingtonian policy of non-intervention, adding that the United States is in 130 countries and has 900 bases around the world.<\/p>\n<p>But when Paul began to cite U.S. bases in Saudi Arabia and America\u2019s policy on Palestine as being the causes of the Sept. 11 attacks, Jason M. Volack of ABC reports \u201cThe audience booed him.\u201d<\/p>\n<p>I get it. The murderers of 9-11 don\u2019t need or deserve any justification.<\/p>\n<p>But what does this tell us? Far from being the \u201chostage-taking, lynch-mob\u201d government-slashers that the terrified Left would have you believe, the well-meaning but mathematically challenged Tea Party turn out to be all-too-typical mainstream Americans: insisting they want a smaller government and lower taxes, and then bridling at any suggestion that we phase out or cut back Social Security, Medicare, Medicaid, or a vastly expensive \u201cDefense establishment\u201d that\u2019s in the business of permanently occupying &#8212; and selectively bombing &#8212; scores of countries overseas.<\/p>\n<p>\u201cJust cut foreign aid,\u201d they say. Yeah, and maybe the Tea-Tasters Board. That\u2019ll get it done.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I\u2019m a tad too young to remember nickel Cokes, though I can remember when they were a dime. It\u2019s tempting to say that in vending machines today \u201cthey\u2019re now a dollar.\u201d But in fact the four quarters you\u2019re shoving in the slot consist mostly of copper and contain not a smidgen of silver, so your [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[33,25,44],"tags":[],"class_list":["post-858","post","type-post","status-publish","format-standard","hentry","category-collectibles","category-history","category-money"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pWqFl-dQ","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/vinsuprynowicz.com\/index.php?rest_route=\/wp\/v2\/posts\/858","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vinsuprynowicz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vinsuprynowicz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vinsuprynowicz.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/vinsuprynowicz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=858"}],"version-history":[{"count":1,"href":"https:\/\/vinsuprynowicz.com\/index.php?rest_route=\/wp\/v2\/posts\/858\/revisions"}],"predecessor-version":[{"id":859,"href":"https:\/\/vinsuprynowicz.com\/index.php?rest_route=\/wp\/v2\/posts\/858\/revisions\/859"}],"wp:attachment":[{"href":"https:\/\/vinsuprynowicz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vinsuprynowicz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vinsuprynowicz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}