LIBERTY DOLLAR NEWS:
December 2006 Vol. 8 No.
12
Welcome new Readers, Associates, Merchants and RCOs!
CALL TO ACTION:
Never a dull moment with the Liberty Dollar. This issue is yet another
major issue with the Death of NORFED and the Birth of Convertibility of the
ALD into US dollars... I urge you to read this whole Newsletter and pass it
on to your contacts. We need to build a broader base to take action in
support of the Liberty Dollar.
TABLE OF CONTENTS:
1. NORFED Is Dead
2. What Liberty Dollar Is and Is Not
3. Bank Account Now Open
4. Convertibility to FRN Now Available
5. Panama and Ecuador Liberty Dollars
6. New Executive Director
7. Liberty Dollar University 12
8. Letter / Article to the Editor
9. Success Story / Incident of the Month
10. Question of the Month
11. Liberty Associate of the Month
12. Quote of the Month
1. NORFED Is Dead
Liberty Dollar Reinvents Itself
In early December, NORFED Inc. was dissolved by the Board of Directors.
Very quickly, the new currency company reinvented itself as “Liberty
Services” dba “Liberty Dollar,” a new business entity. Without mentioning
the recent “Warning” by the US Mint or its unfounded allegations against
NORFED, Bernard von NotHaus, the Monetary Architect for the Liberty Dollar
explained that, “We simply realized that the Liberty Dollar would succeed
easier and faster without any political baggage.”
Von NotHaus went on to explain, “Lets face it. The Liberty Dollar did not
come with an owner’s manual. As the world’s first ‘free market currency’
that is 100% gold and silver based, there is no proven model to follow. We
are proving and improving our model currency every day and have been for
over 30 years of research, design, and deployment. And change, it will. That
is simply a sign of maturity and the will to survive in the marketplace.”
And while the Liberty Dollar has dropped the acronym NORFED and all the
political rhetoric calling for the repeal of the Federal Reserve and the
income tax, von NotHaus swears the Liberty Dollar has retained all the best
intentions and announced with a broad grin, “We’re only in it for the
money.”
Henceforth, the “new” Liberty Dollar is politically neutral and dedicated
to “Protecting and growing your money – one Liberty Dollar at a time.” It
will be specifically marketed to businesses as a “private barter currency”
that is profitable for businesses and consumers, and good for the community.
Plus it offers a much simpler solution for the US national debt, imbalance
of trade, Social Security, and practically every other monetary problem that
currently uses the debt based US dollar. The new “Liberty Dollar” will make
every effort from the “get-go” to insure that the new currency is not
mistaken as part of the US Mint or the US government’s monetary system.
One thing that von NotHaus remains very sure of is that he does not want
any confusion between the Liberty Dollar and the US dollar by the federal
authorities. He remains adamant that the Liberty Dollar is a legal private
currency and that Americans are free to use any medium of exchange in
commerce. To reinforce that opinion, he recently quoted Andrew Williams,
spokesman for the Federal Reserve Board in Washington, DC, who said,
"There is no law that says goods and services must be paid for with Federal
Reserve notes. Parties entering into a transaction can establish any medium
of exchange that is agreed upon."
For further info on the “new” Liberty Dollar please contact a Regional
Currency Office near you that can be found at http://www.libertydollar.org/ld/rco/rco-find.htm
or call 888.LIB.DOLLAR or 888.421.6181.
2. What Liberty Dollar Is and Is Not
From the beginning, the new “Liberty Dollar” wants to make sure that
everybody, including the US Mint and the federal government, is clear about
the Liberty Dollar.
IMPORTANT: Please remove the word “NORFED” from your site if you are
currently using it. Simply replace it with “Liberty Dollar” (organization).
The Liberty Dollar is:
1. Distributed by Liberty Services as a moral, legal, and Constitutional
currency.
2. Private barter monetary system - dedicated to growing and protecting
your money – one Liberty Dollar at a time.
3. Voluntary, practical, positive, peaceful, and profitable to use every
day.
4. Good for you, your business, and the country at large.
5. A working example of Bernard’s Second Law of Money: Consenting adults
have a right to use any medium of exchange in commerce that is agreed upon.
6. Still America’s second most popular currency and your single most
useful gold and silver medium for everyday transactions.
7. Remains 100% backed and 100% redeemable in gold and silver.
The Liberty Dollar is not:
1. NORFED nor politically motivated.
2. A “coin,” “legal tender,” or “current money.” Nor should it ever be
presented, used or uttered as anything to do with the government or its
money.
3. Anti-government, anti-race, or anti-anything.
4. Against the Federal Reserve. We will not refer to it as a scam or a
scheme. We will not make any political comments regarding the government or
its “current money.” Quite frankly my Dear... we don’t give a damn about the
Federal Reserve or its fiat money... we only care about you and your money.
5. Against the IRS or any criminal tax structures.
6. Intended to overthrow or replace the current US monetary system.
7. A non-profit entity, although it is still philanthropic with no net
income.
If you wish to read the historic NORFED articles and info, please visit:
www.NORFED.org.
3. Bank Account Now Open
I am pleased to inform you that we have opened a new bank account for the
Liberty Dollar business as “Liberty Services.” So it is back to business as
usual. All card charges will show up as charges by “Liberty Services” on
your monthly statement.
As Tom Greco, a noted monetarist and fellow private currency issuer,
observed in a recent email: “Banks as deadly as bullets”:
The November issue of Liberty Dollar News clearly shows how our
dependency on banking "services" has made us all susceptible to ruin,
without any charges ever being filed, without any wrongdoing by the account
holder. Does your bank have a right to unilaterally close your account?
[Unfortunately, the answer is yes, as banks are private enterprises.]
Visit Tom’s website at:
www.reinventingmoney.com.
4. Convertibility to FRN Now Available!
The exchange of Liberty Dollar into US Dollars:
Ultimately, it is in our best interest to have direct convertibility at
parity between the American Liberty Dollar (ALD) and the US dollar (USD).
Unfortunately, the difference between the world’s largest fiat currency and
the world’s only physical, value backed currency is as large as the
difference between right and wrong. But as the ALD grows and the USD falls,
the two currencies will cross on the chart and the scales of time will
become a bellwether of our success.
So on January 2, 2007, we open the door to “Convertibility” between the
ALD back into the USD on a very limited basis. The model outlined below is
to start small, test the supply and demand in these troubled waters, and
grow the amount of the “Convertibility” as a measure of our success until
the currencies cross on the above mentioned chart.
Convertibility promises to be a huge event, and a huge undertaking for
the Liberty Dollar organization. Unfortunately, there is no way of knowing
how much pent-up demand exists to convert ALDs back into USDs. But as this
has been sought after for some time, it is widely acknowledged that the
pent-up demand could also be huge.
For that reason, convertibility will be very limited initially. After the
initial market blow-off, the volume of Liberty Dollars exchanged to USD will
be raised until there are no limits on the amount of Liberty Dollars that
can be converted on a daily basis. Initially, a maximum of $200 ALDs or a
total of five exchanges will be filled per workday. No exchanges will be
available on weekends, holidays, or days the Fulfillment Office is closed.
Convertibility will be increased as the market matures.
As the Liberty Dollar is a “free market currency” the exchange rate must
be a function of the silver spot price just as the currency was initially
issued. The exchange rate will be the widest immediately after the Liberty
Dollar Moves Up to a new Silver Base. Then as the spot price of silver
approaches the next Move Up
http://www.libertydollar.org/ld/faqs/crossover-twenty.htm of the
Liberty Dollar, the exchange rate will approach par with the US dollar. And
as Liberty Dollars are distributed at a discount, that discount must be
given up when the Liberty Dollar is exchanged back into USD. Please note:
the ALD is discounted when issued and discounted when exchanged. And for the
exchange service to be successful it must also work at a slight profit to
cover the overhead costs.
Exchanges of Liberty Dollar into US dollar will be available for all
three forms: metal, paper and digital. Please send in your Silver Libertys
and Silver Certificates to the Fulfillment Office in Evansville. All ALDs
will be exchanged at the rate on the day it is exchanged. That date may be
on the day it arrives, the day after, or the first day that an exchange is
possible due to previously backlog of exchanges. If your exchange is not
filled within 30 days, we will inform you via email. Likewise, exchanges of
eLD over the Internet will be filled in the order received with all other
exchanges received. Initially, all exchanges will be limited to $200 per day
and a maximum of five exchanges per day. No exchanges will be accepted for
over $200 and only one exchange per person per month, please. If more than
$200 in any form is sent in, only $200 will be exchanged and the balance
will be returned at your expense. All exchanges will be filled by a company
check in USDs and mailed to the address provided or on file.
I would like to thank Jason Pratt and all the other supporters who have
contributed to the development of Convertibility – another key to make the
Liberty Dollar function in the marketplace.
As always, if you have any questions, please call the office:
888.LIB.DOLLAR or email
info@LibertyDollar.org.
5. Panama and Ecuador Liberty Dollars
Don’t look now but the Liberty Dollar is popping up in more and more
places. Of course, while Puerto Rico is still part of the United States, it
has its own history, national culture, and now its own money – the Puerto
Rico Liberty Dollar. Plus a Panama Liberty Dollar has been issued and the
backers are seeking more distribution there. So if you are hip to Panama,
please let me know. Ecuador is in the wings and will be issued soon thanks
to Rev. Joseph, who can be contacted via email at:
drrevjoseph@yahoo.com. Puerto Rico, Panama, and Ecuador
one ounce Silver Liberty Dollars carry the new LIBERTAD obverse with the
2007 date and CONFIE EN DIOS for Trust in God.
And as announced recently, the 2007 Hawaii Dala was just issued. The
Hawaii Dala explodes the evolving Liberty Dollar concept further with a
custom Hawaiian obverse die featuring King Kamehameha. Plus the Hawaii Dala
will also be available in three denominations: one ounce $20 Hawaii Dala,
half ounce $10 Hapalua Dala, and the quarter ounce $5 Hapaha Dala with six
mega designs for a total of 18 issues over the next 18 months. For more info
or to place an order, please send an email from
www.HawaiiDala.com. Due to the Holidays, all inquiries will
be answered in January.
6. New Executive Director
As I still plan to retire by the Liberty Dollar’s tenth anniversary on
October 1, 2008, I am still seeking an extraordinary business manager to be
the Liberty Dollar’s new Executive Director.
The ideal candidate is a senior, self-made, independent businessperson
who wants to do something important with his/her time and money, as I did
when I retired from the Royal Hawaiian Mint in 1998. The ideal candidate
should realize that money is central to most human action, that free markets
out perform government planning, and that the Liberty Dollar presents a
unique opportunity for a unique individual. It is expected that such a
unique candidate interested in seizing this opportunity to leave a bold
positive mark on our country’s monetary history would be well paid.
The ideal candidates must possess proven marketing and writing skills.
Candidate must be able to write effective ad copy and be prepared to
co-write the 10th anniversary of the Liberty Dollar “Solution”
book that is already in the works for 2008. Of course, executive skills
including good communication, solid judgment, business acumen with a proven
track record, and a passion for speaking, plus contemporary computer skills
are a must. College degree is desirable but not required. Academic types
need not apply - this is a business management position.
The ideal candidate who wants to grasp this opportunity should have a
clear plan in mind as to how to grow the Liberty Dollar to the next level
and on to $50 million per year.
Please email your inquiry or resume directly to my attention.
7. Liberty Dollar University 12
Liberty Dollar University-12 is scheduled from January 10 – 13 in San
Jose, California. With Matt and his father Richard, who are both RCOs, as
hosts and all the fellow RCOs in California, this promises to be an
outstanding event! Of course, I will be attending as I have at every LDU. So
if you want to find out what is going on and influence the direction of the
“new” Liberty Dollar... you have got to come to LDU-12! Call the office now
for a reservation. Just $200 for Liberty Associates. Only $100 if you are an
Associate in Matt’s or Richard’s RCO region. Free for RCOs.
LDU-12 will open with Meet/Greet at 6:00 PM on Wednesday, January 10 and
conclude with lunch on Saturday, January 13. The event will be held at the:
Los Gatos Lodge
50 Los Gatos-Saratoga Rd.
Los Gatos CA 95032
http://www.losgatoslodge.com/
408.354.3300
For additional info, please contact Matthew Pitagora at
hardcash4hire@yahoo.com, call 408.223.6688
or visit him online at
www.libertydollarofsanjose.org
8. Letter / Article to the Editor
Please send your letters or articles to
Info@LibertyDollar.org.
9. Success Story / Incident of the Month
Chris Gearhart wrote:
Bernard, your idea of offering a 5 percent discount for Liberty Dollars
users is a real winner...I just got my first Liberty Dollar sale after just
three days of advertising it. And the best part is the profit from this sale
more than offsets the cost of the $5 Liberty that I'm giving away as part of
my promotion campaign. The combination of the discount and the giveaway is
most definitely a powerful sales and marketing tool!
For me, this is something of monumental proportion as I hadn't had a sale
on my website in over a week, but after becoming a Liberty Merchant a few
days ago and following the advice in your Merchant Handbook (to offer a LD
discount of 5%), I at long last got an order... paid in Liberty Dollars! I
just couldn't contain myself! Hey it's the small victories in life that make
life worth living.
The order came from Lex Schauer, the RCO in Fargo, North Dakota, of all
places.
So that's it. Nothing more. Next time I'll just tell me wife instead so
she can give me that deer-in-the-headlights look.
Check out Chris Gearhart web site is at:
http://www.CTSaveGas.Com
10. Question of the Month
QUESTION: Given the recent problems that the Liberty Dollar is
encountering, do you see any light at the end of the tunnel?
ANSWER: Absolutely. And although I am absolutely sure that the Liberty
Dollar is legal, I am not sure how that will be established. The US Mint’s
allegations are serious and they are taken seriously by the Liberty Dollar
organization. When there is a new development or resolution, it will be
announced in this Newsletter or sent out as an Alert. Meanwhile, our Chief
Counsel has urged all of us to continue as usual. And with your continued
support that is what the Liberty Dollar is doing.
11. Liberty Associate of the Month
Luckily, the Liberty Dollar enjoys the support of many well intending
people. Many in far away places. Such is the case for the Liberty Associate
for this month. This Liberty Associate lives in one of the most remote parts
of the United States. Even the state is one of the least populated. But that
does not stop the Liberty Associate of the Month. For his tireless efforts
and existence out in the wilds of Fargo, North Dakota, I am proud to
acknowledge Lex Schauer as the Liberty Associate of the Month, who is also
the RCO for Eastern North Dakota. Congrats and thanks Lex for your support
and efforts to bring the Liberty Dollar to the far reaches of our great
country.
12. Quote of the Month
"Of all the enemies to public liberty, war is perhaps the most to be
dreaded because it comprises and develops the germ of every other. War is
the parent of armies; from these proceed debts and taxes. And armies, and
debts, and taxes are the known instruments for bringing the many under the
domination of the few." James Madison, April 20, 1795
Closing Remarks:
Well that’s it for another calendar year. Lots of fireworks and huge
development for the Liberty Dollar model currency. I am sure there are more
amazing things to come.
Many thanks to all the Liberty Associates, Merchants, and RCOs for your
continued support. For it is only by banding together and adopting a free
and independent currency that provides us with “just weights and measures”
will we be able to generate a peaceful and prosperous society.
Thank you again for protecting and growing your money – one Liberty
Dollar at a time!
Bernard von NotHaus
Monetary Architect/Editor
Editor@LibertyDollar.org
www.LibertyDollar.org
888.LIB.DOLLAR
888.421.6181
