November 15th, 2007 By Justin Williams
FBI and Secret Service Raid Evansville’s Libery Dollar Headquarters
I subscribe to Twitter alerts for the phrase “Evansville” and saw two mentions of this coming through this morning. The Libery Dollar headquarters is located on North Stockwell. The company distributes a private currency, the Libery Dollar, that it claims is inflation proof. From what I understand, the premise is that you trade in your US dollar for Liberty Dollars, which are then backed by gold and silver at an Idaho-based mint.
According to RabidQuill, who posted a letter from Liberty Dollar owner Bernard von NotHaus, the FBI raided the offices at 8AM and spent over six hours taking all of the gold, silver and platinum that was in their inventory. A parallel sweep was also done on the Liberty Dollar’s Idaho based Sunshine Mint that confiscated all of the gold and silver that was used as backing to the paper Liberty Dollar certificates.
von NotHaus is planning a class action lawsuit against the US government to reclaim the Liberty Dollar currency and other properties.
Do any readers use the Liberty Dollar? This is the first I’ve heard of it.
Update: Courier & Press has a bit more on it.
photo courtesy of Wikimedia

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