LIBERTY DOLLAR CREATOR TO BE SENTENCED

Liberty Dollar creator and self proclaimed “monetary architect” Bernard von NotHaus, who was found guilty in US federal court in North Carolina on March 2011 of Counterfeiting and Fraud, is scheduled to appear on December 2nd before U.S. District Court Judge Richard L. Voorhees. The now 70 year old von NotHaus has been awaiting sentencing for over 3 1/2 years.

The Justice Department asserted that von NotHaus was placing gold, and silver coins, along with precious metals currency into circulation with the purpose of mixing them “into the current money of the United States.”. In short, the government accused von NotHaus of counterfeiting.

Mr. von NotHaus developed the Liberty Dollar in 1998. as an “inflation-proof” alternative currency to the U.S. Dollar, which he has claimed has devalued since the Federal Reserve was established in 1913. The silver and gold “coins” were produced by the Sunshine mint in Idaho on behalf of the Evansville, Illinois-based Liberty Services, which also issued paper notes which the group says are backed by silver reserves.

In November of 2007, federal officials raided the group’s headquarters, located in a strip mall and seized all documents and the gold and silver that backed up the paper certificates and digital currency being distributed thought Liberty Services website. In addition all coins, bullion and even the dies used to strike the Liberty dollar coins held in the vault at the Sunshine Mint has also been confiscated.

When asked about the government’s motive for accusing him of terrorism, von NotHaus replyed, “This is the United States government. It’s got all the guns, all the surveillance, all the tanks, it has nuclear weapons, and it’s worried about some ex-surfer guy making his own money? Give me a break!”

To read the complete article, see:
Bernard von NotHaus, “Architect” of the Liberty Dollar to be Sentenced (www.coinweek.com/people-in-the-news/bernard-von-nothaus-architect-liberty-dollar-sentenced/)

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