Ron Paul Kooks Busted For Making Their Own Money

6:29 am EST November 17th, 2007 | News | 2 Comments

ron paul dollar Quite possibly the craziest political "movement" ever. And if you know anything about American history, that’s a pretty high bar to hit. They sure are entertaining though.

Federal agents on Thursday raided the Evansville, Ind., headquarters of the National Organization for the Repeal of the Federal Reserve Act and Internal Revenue Code (Norfed), an organization of "sound money" advocates that for the past decade has been selling a private currency it calls "Liberty Dollars." The company says it has put into circulation more than $20 million in Liberty Dollars, coins and paper certificates it contends are backed by silver and gold stored in Idaho, are far more reliable than a U.S. dollar and are accepted for use by a nationwide underground economy.

Norfed officials said yesterday that the six-hour raid occurred just as its six employees were mailing out the first batch of 60,000 "Ron Paul Dollars," copper coins sold for $1 to honor the candidate, who is a longtime advocate of abolishing the Federal Reserve. The group says it has shipped out about 10,000 silver Ron Paul Dollars that sold for $20 and about 3,500 of the copper $1 coins. But it said the agents seized more than 50,000 of the copper coins — more than two tons’ worth — plus smaller amounts of the silver coins and gold and platinum Ron Paul Dollars, which sell for $1,000 and $2,000.

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In the affidavit, an FBI special agent states that he is investigating Norfed for federal violations including "uttering coins of gold, silver, or other metal," "making or possessing likeness of coins," mail fraud, wire fraud, money laundering and conspiracy. "The goal of Norfed is to undermine the United States government’s financial systems by the issuance of a non-governmental competing currency for the purpose of repealing the Federal Reserve and Internal Revenue Code," he states.

This raid, of course, fits right into the Ron Paul conspiracy theories and it just makes them stronger.

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2 Responses to “Ron Paul Kooks Busted For Making Their Own Money”

  1. CercleRouge says:
    November 17, 2007 at 11:42 am

    I have been inspired to donate to the Ron Paul campaign! Sadly, have no faith in the federal government’s unconstitutional fiat money, so I’ll be donating five hundred Moonbucks to his campaign. (It is a currency I devised with a picture of Ron Paul and Jesus on the front, and Ayn Rand riding a unicorn to the moon on the back)

  2. C.S.Strowbridge says:
    November 17, 2007 at 3:38 pm

    And they wonder why we call them crazy.