[liberty dollars] thursday's theft by the state

Via Sackerson, who comments:

[D]igging out wealth with your own hands gave you a certain independence from government, and a taste for even more freedom. Perhaps that's the underlying theme of gold: intrinsic value that can't be stolen by rulers;

... comes this about the Liberty Dollar:

I sincerely regret to inform you that about 8 this morning a dozen FBI and Secret Service agents raided the Liberty Dollar office in Evansville, Indiana. For approximately six hours they took all the gold, all the silver, all the platinum, and almost two tons of Ron Paul Dollars that were just delivered last Friday. They also took all the files and computers and froze our bank accounts. We have no money. We have no products. We have no records to even know what was ordered or what you are owed. We have nothing but the will to push forward and overcome this massive assault on our liberty and our right to have real money as defined by the U.S. Constitution.

Holders of Liberty Dollars, as can be seen here, would have had money backed by commodities. It was not illegal, it was not unconstitutional. It did challenge the fiat money which is under the control of the Fed and seriously undermined the ability of that body to precipitate the crisis in 2009-12.

The theft of this gold and all the scrip is illegal but because it was done by the Feds and at a critical time immediately pre-crisis, they have got away with it.

Here is the State's explanation.

Here is a detractor warning that Liberty Dollars are scam but admitting, in the same article:

“The police said there's nothing they can do about it because it's a voluntary currency,” he said. “I was floored.” Even the U.S. Secret Service, whose task it is to guard the nation's currency, is aware of Liberty Dollars.

But Kevin Miller, resident agent in charge of the Spokane field office, says, like any private currency, the silver coins are legal when accepted voluntarily.

That's the only issue - they are legal. Therefore the State has taken legally held assets.