LIBERTY DOLLAR NEWS: June 2007 Vol. 9 No. 6

It has been brought to my attention the Liberty Dollar has been taking an “unfair” advantage over the US dollar and that it may have help fuel the US Mint’s warning. “Unfair” in that the Liberty Dollar as a private currency can be marketed any way it pleases, including “at a discount” so its users can profit. You can certainly not do that with the US dollar.

Of course, many well informed monetary people would argue that it’s the government fiat US dollar that is “unfair” as it has robbed Americans of 96% of their purchasing power since the non-Federal non-Reserve was created by Congress in 1913.

Plus the whole concept and verbiage of “discount” is “bad” for business, especially when describing and marketing a “good” value based currency.

Plus it is easier to integrate a new currency into an existing monetary system when the currencies co-exist on a dollar-to-dollar basis.

OK. I can understand how the US Government could dislike some upstart currency provider undercutting them in the marketplace. After all, they are the “government” and it’s their be-all US Dollar for Pete’s sake! Maybe BS Dollar might be more like it given its bad rap by almost everybody including the recent report by the BIS – Bank of International Settlements.

But it is not just a matter if the government likes or dislikes the Liberty Dollar that is a concern. For some time, “discounting” has been a hot topic. In general, with all due respect to Wal-Mart, discounting cheapens one’s product in the eyes of the marketplace. If possible, it is always better not to “discount” your product or service, especially if it is a premium or valued product like professional services or value based products.

And third, if the Liberty Dollar is so much better because it is inflation proof, value based, anti-war, community orientated and moral, i.e. provides “just weight and measures,” why should it be discounted? It would seem that the US Dollar should be discounted against the superior Liberty Dollar, instead of the other way around.

All these points are reasonable and true. Similarly, the market wisdom “discounting is bad” should apply to the Liberty Dollar. So while the Liberty Dollar has made great strides in competing with the US dollar via discounting, it has now reached a new level... an equal level. Will this make the government happy? Who knows? The Liberty Dollar is certainly not in the business of trying to make the government happy. In fact, it should be the exact opposite as the government is supposed to be our public servant.

Regardless, the pricing mechanism for the Liberty Dollar has been changed for the fore mentioned reasons. Now the Liberty Dollar and US dollar will exchange one-to-one in the marketplace for Liberty Associates and Merchants. Of course, as one who really believes in a value based currency, I still hold that the Liberty Dollar is vastly superior to any fiat paper script issued by any government.

It is hereby announced: Discounting is discontinued.

What does that mean? First, it means the Liberty Dollar will not only function in the marketplace on a one-to-one basis with the US dollar, it will also exchange on a one-to-one basis with the US dollar. Second: If you are a Liberty Associate or Merchant, you will now make your money up front at the time of the currency exchange. That means Liberty Associates and Merchants will get $20 Liberty Dollars for $20 FRNs and in place of getting a discount, you will now get the same amount as a Commission. You are literally getting paid to use the Liberty Dollar.

For example, if the former LA/LM Discount Rate was $0.90 that equals a 10% percent discount, when you now exchange $20 USD for ALD, you would now get $20 ALD plus a 10% commission of $2.00. In other words, you would exchange $20 USD for $22 ALD. If you exchange for specie you will receive your commission in specie. If you exchange for paper you will receive your commission in paper. ELD commission will be paid in eLD. If the commission is under $5 you will receive Silver Certificates.

PLEASE NOTE #1: The Liberty Dollar does not make any denomination under $1.00 so all Commissions will be rounded to the nearest dollar.

So discounting has been replaced with a positive Commission program. Now every Liberty Associate and Merchant will get a commission when you exchange US dollars for Liberty Dollars. You will get your money up front so you profit when you exchange those dreaded depreciating US dollars for the beautiful appreciating Liberty Dollar – regardless if it makes the government happy or not.

You can still make money and be a “good American” with the Liberty Dollar!

PLEASE NOTE #2: The transaction fee for electronic Liberty Dollars (eLD) has been changed from $0.39 on transfers of $10 or more to $0.41 for transfers of $20 or more. In other words, now you can transfer any amount below $20 for FREE and it is only $0.41 to transfer any amount of $20 or more. If you have any questions, please call the Office.

The deadline for the government to reply to our Complaint was Tuesday, June 19th. That was 90 days... a quarter of a year... to reply. Did they? Well, about 3:00 PM, the US Attorney called our attorney in Evansville and asked for an extension. His response was “no way.” So she immediately filed a Motion for “expanded time” with the Court. We immediately countered and filed an Objection. The very next day, Wednesday, June 20th, the Court granted the US Attorney an additional 30 days and also scheduled a status conference call for 2:00 PM on July 25. The case is shaping up. You can read all about it at: http://www.libertydollar.org/ld/legal/lawsuit.htm .

Meanwhile, donations and business is way down. Sure, it is the Summer Slows… but we really need to keep the doors open. Please take a moment and send in a dollar or two… heck, how about $10 or $20 and get a Victory Dollar when we win? Seriously, we need your support and more business too. Any donations are greatly appreciated. Thanks again for your support.

Did you ever consider opening a RCO? Well the RCO Business Plan has undergone a massive change. An RCO region is no longer limited by a list of zip codes. Duties are more relaxed. Merchants and Associates are not limited to the RCO where they live, but you would be a fool not to work with your RCO. The whole model has been redesigned and unchained to make the RCOs more profitable. RCOs now earn a $500 referral for each new RCO they sponsor. Many other changes have been made including a new Super RCO rate on 5000+ ounces. Maybe a RCO is now right for you. Please read the new Info Page for all the new developments at: http://www.libertydollar.org/ld/rco/index.htm .

I am very pleased to inform you that the minting of the $1 Copper Liberty Dollar is complete... all 60,000 of them! We anticipate delivery by the end of July and shipping will commence immediately. We are on target to begin filling orders August 1 in the order they were received. All orders for 500 will be shipped first as the Copper will arrive 500 per box. If you have any questions about your order, please call: 888.LIB.DOLLAR / 888.421.6181. Thank you for your patience as we rush to fill your order ASAP.

How many times have you wondered where all the Liberty Merchants are? As I am constantly traveling I always like to search out Liberty Merchants. It is now a lot easier with our new Merchant Search function. Search by zip code from 10 miles to 250 miles. Plus you can fine-tune your search on any Key Word, like food, restaurant, car, etc., and find what you want. Just remember that the VAST MAJORITY of Liberty Merchants who have accepted the Liberty Dollar and would gladly accept more, are NOT LISTED. Why? Simply because I dash in and get some gas, pay with Liberty Dollars and off I go. Do I have time to sign up the Merchant to be a “Liberty Merchant”? No. Do you? Not very often. Sorry that in these hurried times, only the dedicated RCO or Super Liberty Associate takes the time to sign up a Merchant and then add the business to our list of Liberty Merchants... So search to your heart’s content... and just know most of the merchants who have accepted Liberty Dollars are not listed.

PLEASE take a moment and add your business to the list of Liberty Merchants. Check your Merchant listing and update the Key Words you would like to be found by. Join the Liberty Economy and profit while returning our great country to value.

When an old friend from my Royal Hawaiian Mint days called me and suggested I exhibit the Liberty Dollar at the huge American Numismatic Association (ANA) annual convention I thought he was joking. When he mentioned that he thought the ANA would even give Liberty Dollar a table in trade for a demo and a special ANA Liberty Dollar, I knew he was kidding me! That was reinforced when he mentioned that the US Mint was going to be there, too, and he thought it would be good for the Liberty Dollar to be there also. Well I knew he was joking because the ANA, of which I am a long time member, is just too uptight to entertain such an idea let alone a free table and I told my old friend that.

Well, old friends show up in the strangest places. As luck would have it, my friend was Cliff Mishler and as he explained, he was the Chairman of the Convention and he was indeed calling to offer the Liberty Dollar a table! Amazing! Thank you Cliff!

I am very pleased to invite you to the annual ANA Convention and announce a new, very special ANA Liberty Dollar that will include a hallmarking demo with the state of Wisconsin at the Convention. The ANA Liberty Dollar is limited to only 1,000. Please join me and 15,000 other collectors for the biggest coin show on Earth in Milwaukee, August 8-12. More info is available at www.money.org.

Coming to Liberty Dollar University #14? This is your opportunity to join the incredible group of RCOs in Michigan – July 25-28 in Flint, Michigan. Meet & Greet starts at 6:00 PM on July 25th at Dave Gillie’s Coney Island Restaurant – home of the Gillie Liberty Dollar! Co-Hosted by Dave Gillie and Jeff Kotchounian, it promises to be a great event to discuss the new changes to the RCO model, lawsuit, the “secret weapon” to be announced on Tuesday to commemorate the 4th of July and the latest HOT developments. Hopefully the very first Copper Libertys should be at this event. The annual RCO Congress for RCOs only will follow this LDU.

No walk-ins please. Please call the Office 888.LIB.DOLLAR for more info and to register.

While you have been asleep, I have been stealing your money. Do I have your attention? Good, because that is a lieJ. I have never stolen a penny from you or anyone. But the government has stolen untold billions through “inflation.” But we have had a problem with the audits. In fact, I regret to report that no audits were performed from September 2006 through January 2007.

I am embarrassed to report that the original auditor abandoned ship without informing us, in spite of a signed contract. As I explain in the letter posted on our site, for these missing months, we tried repeatedly to get the Audit Reports, then it took months to find a new Auditor and finally to get the audit program back on track.

I am very pleased to report that because we started with a new auditor, it was necessary to review all the pervious audit reports, and ascertain that all facts and figures are correct. And they are. There is no missing information for any month.

Please take a moment and review my statement for the missing months and the new audit report by Anderson Brothers CPA. It is true, accurate and complete.

http://www.libertydollar.org/ld/information/audits.htm