Comments on: “liberty dollars are stupid”

By: Lbrewer42

Lbrewer42 — Tue, 01 Nov 2011 17:07:36 +0000

LOL – lame! Seeing as it is now 3 years later and the same Liberty Dollar bought in 2005 for 10.00 can now be sold for 50.00 on ebay – what was so lame?

Yes, at the time they were expensive – but the concept was good b/c while the dollar bill buys less than it did in 2005, the silver that could be bought back then for 10.00 still has the same purchasing power (actually more!) it did – In other words – it did not lose any value. Paper did!

Lame indeed! The users/owners of these things came out way ahead in the long run!

By: George

George — Tue, 22 Mar 2011 18:24:03 +0000

The true fact of all this is that the American people since 1913 are still stupid and uneducated about their own currency and still use a debt system that enslaves them, steals their money, and ruins their future.

It is well enough that the America Idiots do not understand the banking and financial system in their country, for if they did there would be a revolution before morning!

Only a fool would ever save, or invest in ventures of paper denominated money.

Only Silver and Gold are “real” money, everything else is the ghost of money.

When the music stops, will you be holding paper or “real” money, that’s the real question to ponder.

By: John

John — Sun, 20 Mar 2011 16:29:40 +0000

Why would Bernard von Nothaus tell people that they can bring their Liberty Dollars to any bank to exchange to US$? That was foolish of him to say that and thus he was partly a scammer or a liar. The whole thing was just PLAIN STUPID and stupidly executed and quite ugly as well, so it just proves how DUMB Americans are.

By: 2010 in review « Creative Destruction

2010 in review « Creative Destruction — Sun, 02 Jan 2011 07:02:21 +0000

[...] “liberty dollars are stupid” August 2008 7 comments [...]

By: Jake Witmer

Jake Witmer — Mon, 04 Jan 2010 08:32:36 +0000

The idea was to try to push the serfs toward the idea of trying to spend (circulate) liberty dollars. However, I agree with you: bad money drives out good (which is then saved, and used as an investment).

It would have been better to simply put “one ounce silver, .999 fine” and leave off the dollar amounts. However, if that were the case, it would be harder to get the cash register folks to pocket the dollars, and put their own FRNs in the cash register when you wanted to make a purchase. (The psychology of the public must be taken into account when designing an alternate currency.)

Bernard Von Nothaus (couldn’t have chosen a better name! Preferably something that sounds a little more like “Nuthouse” for when you’re describing the foreign concept of sound money to the uninitiated) was actually smart enough to understand that the general public is venal and uninformed, and that you had to focus their attention on the dollar symbol on the coin, in order for their minds to not return to the minimal knowledge of bimetallism they learned in high school (or in college, if they attended Libertyville, HS).

Hopefully, you have a lot of one ounce silver and gold coins, no matter their markings. I personally prefer the Free Lakota Bank style, myself, or the ones from the Wyoming Free State Project.
http://www.freestatewyoming.org

I would continue pontificating on the manner, but I need to get back to editing video, for my homeboy, Joe Kennedy. (I was pleased to see that Harvey Silverglate, author of “The Shadow University” contributed to his campaign. TSU is the masterpiece book on the erosion of free speech in the US due to the legal precedent influence of government-financed college campuses gradually becoming the testing ground for further and further speech restrictions.)

Peace,

Jake

By: Philip

Philip — Fri, 01 Jan 2010 12:54:30 +0000

Yes. the amount of silver in the 20 dollar liberty is the same as the 10 dollar liberty. Thats because the silver base changed due to the rise in the price of silver , so there is a period where both will circulate together. The face values are there as a suggested price. Unlike federal reserve notes the Liberty Dollar actually has a chance to go up in value. You won’t ever see a 10 “dollar” federal reserve note go up to 20.

By: Sameer

Sameer — Sun, 09 Aug 2009 23:51:16 +0000

hehe. You say: “the paper in a twenty dollar bill is worth about the same amount as a one dollar bill”

but the gold in a 20 dollar liberty dollar is worth the same as the gold in a 10 dollar liberty dollar!

By: Rick

Rick — Sun, 09 Aug 2009 23:49:20 +0000

One more thing, the largest part of our system is based on debt. There is always interest on Debt. So the economy must always expand if it is going to keep pace with it’s debt and become more valuable. Exponetial expantoin absolutly will not continue forever. Sooner or tter a critical shortage will occur
and either a significant retreat will occur or there will be total collapse. Guess how close we are to the total collapse.?

By: Rick

Rick — Sun, 09 Aug 2009 23:35:51 +0000

Your correct that the Liberty dollar has an exchange rate that they decide upon in a semi arbitrary manner. They did clearly state that as far as investment purposes are concerned that
isn’t it’s real purpose. This competing currency is set up not to favor the dollar. I have never bought anything in a Liberty Store, but from the theory I would guess that this tends to drive even more currency into the system. the Idea is to replace an even lamer currency with one that is still a bit lame but not nearly as lame as the pieces of paper most people are using for exchange right now. I mean lets face it the paper in a twenty dollar bill is worth about the same amount as a one dollar bill. we went off the gold Standard years ago. So our currency is actually based on what others see as the current score on the overall worth of the US economy. Tthat does leave quite a bit of room for fluctuation doesn’t it. Especially since machines can produce a large amount of things as long as oil is beig pumped from the ground to transport the things that are being made.

By: creativedestructionblog

creativedestructionblog — Fri, 24 Apr 2009 14:22:52 +0000

No, I don’t believe that I have.