Federalism

Uncle Pennybags Imprisoned for Counterfeiting?

|

uncle pennybags

Careful there, Uncle Pennybags.

Learn a lesson from the Liberty Dollar fiasco. If you keep offering U.S. citizens alternate currencies (print your own![PDF]) you might be in for an FBI raid, courtesy of the grumpy U.S. Mint.

And I suspect a "Get Out of Jail Free" card won't carry much weight with the Feds.

Via Kottke

NEXT: Who Isn't Trying to Take Over the Libertarian Party?

Editor's Note: We invite comments and request that they be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of Reason.com or Reason Foundation. We reserve the right to delete any comment for any reason at any time. Report abuses.

  1. Have there been any updates on the Liberty Dollar raid?

  2. Wasn’t this blogged, oh, months ago? Slow news day, eh?

  3. I usually get angry when they don’t post enough, at least this gives us something to comment on, and a good distraction from work.

  4. Given the decline of the US dollar, is it any surprise there is a blackmarket for currencies? A friend of mine that does “exotic dancing” has been complaining about customers that only give a dollar for dances. I told her they should start having people exchange dollars for euros at the entrance. Leave it to a stripper to know the true value of a dollar.

  5. KMW, thanks for the smile. I actually didn’t know the guy had a name. 🙂

  6. Why is he wearing girly shoes?

  7. I heard on the morning radio that the US Mint has restricted the sale of Silver Eagle coins. Can anyone shed some light on this?

    IMHO the dollar has lost so much value that the Federal Government is afraid of a run on silver or gold.

  8. WSJ article on Silver Eagle sales:

    http://online.wsj.com/article/SB121149011951015323.html?mod=googlenews_wsj

    Basically demand is outstripping supply so the Mint is rationing the amounts sent to resellers.

  9. Why is he wearing girly shoes?

    I think he was supposed originally to be wearing spats. Still, that’s a funny observation.

  10. I don’t even want to mention his sloth-like hands.

  11. Or his shapely ass.

  12. Damn! Uncle Pennybags was a tranny!

  13. The only “fiasco” concerning the Liberty Dollar is the federal raid / “evidence seizure” itself (much as one might speak of the Waco “fiasco,” for instance).

    LD was/is not any kind of counterfeiting operation. The whole point of using the LD was that it WASN’T GOVERNMENT MONEY. And I have seen no evidence of fraud, either. So what is the government’s point? That it doesn’t like competition? The more I see of documentation concerning the raid and its aftermath, the more I am convinced that the government is acting less like protectors of the public, and more like gangsters defending their territory.

    One clear fact remains: The US has seized innocent people’s property. I’m not talking about any assets actually OWNED by LD, mind you, but rather the silver used to back the paper and electronic LDs, which is OWNED by the thousands who hold those other instruments, and which is kept in trust not by LD, but by the issuing private mint (which was also raided). As long as the government holds that property, and especially if it should auction the silver or dispose of it in any way, other than to redeem it for electronic or paper LDs, Uncle Sam is blatantly robbing its citizens. How can anyone who cares about individual rights and limited government put up with this situation? At very least, if you think that Uncle Sam served up a raw deal for the LD and those who used it, urge your congress rep to co-sponsor and/or otherwise support H4683, Ron Paul’s bill to foster competition in currency and repeal the statutory monopoly on currency that the US government asserted (probably in contravention of the Constitution — read the bill, the relevant sections of the US Code, and the Constitution for yourself, and make up your own mind).

  14. I like the “Get out of Hell Free” card that the Devil gave to lead character Sam in “Reaper.” I definitely need me one of those…

Please to post comments

Comments are closed.