Some Historical Support for the Liberty Dollar
November 18th, 2007 by Steve
LiveScience has an interesting article on the history of coinage which ties to the current outrage over the federal seizure of Liberty Dollars. From the article:
It’s a far cry from the social and political upheaval caused by the introduction of the first coins more than 2,500 years ago, said Tom Figueira, professor of Classics at Rutgers University in New Jersey.
“Mental changes with the introduction of coins were profound,” Figueira said. “It was a whole new way of thinking about value.”
Tying history to current events (emphasis added):
But it wasn’t until the actual coins appeared—money for money’s sake—that the social effects of having a currency really started to take hold, Figueira explains. Keeping things tidy in a society that had gradually become very complex was the catalyst for minting those first pieces, he thinks.
“Coins allowed the processes of city-states to be organized in a way that was elegant and just,” Figueira told LiveScience. “They made people feel that things like war subsidies were orderly and transparent.
Of course, there were alternative systems which predated the use of minted precious metals as a medium of exchange:
The concept of money had been around awhile. Shells were used as currency in ancient China and, about 5,000 years ago, Mesopotamians had even developed a banking system where people could “deposit” grains, livestock and other valuables for safekeeping or trade.
Apparently, a lot of Liberty Dollar owners, hard currency investors and Ron Paul supporters prefer a more tangible currency to sea shells or Federal Reserve Notes. Perhaps for many of the same reasons our ancestors started using such monetary systems in the first place.
As I’ve stated before, I’m personally not a big Liberty Dollar fan. However, I’ve not heard of a single person who felt victimized by the NORFED operation, but there is now a significant amount of Liberty Dollar and Ron Paul Dollar customers who have been victimized by the government.
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Brian wrote on 11/18/07 at 8:01 pm :
The dark elements of government got a little too scared. They finally decided that Ron Paul was/is not going to roll over and die, so they are becoming desperate to take action. Liberty Dollar has been around since 1997. The head of treasury even previously said “There is nothing wrong with [Liberty Dollar] as long as they do not claim it to be legal tender”. Well, they never did claim to be that. It is simply something of value, as opposed to the fiat dollar, which is controlled by the privately-owned “Federal Reserve”. G Edward Griffin wrote “Creature from Jekyll Island regarding the fraud of the illegal, unconstitional money system which we loosely refer to as the “Fed”.