Bernard Nothaus became (in)famous for selling a silver medallion called the “Liberty Dollar.” Bernard’s medallions found wide acceptance, and there are more than $20 million in circulation worldwide.
In response, the federal government has seized $7 million in gold and silver, and Bernard will likely spend several years behind bars, labeled a counterfeiter. Bernard freely admitted that the Liberty Dollar was intended to serve as a functioning currency; this precious metal based currency openly competed against the Federal Reserve System (legal tender).
The prosecuting attorney made it apparent that the Federal Reserve System will not stand for competition when she declared that “Attempts to undermine the legitimate currency of this country are simply a unique form of domestic terrorism.”
If Federal Reserve Notes are so great, than why are we forced to use them? Why outlaw competition? In a way, Bernard’s story is our story. Bernard’s arrest and subsequent imprisonment serves as a reminder of our own oppression.
But there is a brightside; Bernard’s arrest is a sign of desperation amongst the establishment. The spot price of silver has more than doubled in the last year, and the advocates of free-floating fiat currency are starting to get concerned.
Luckily, you have the chance to simultaneously invest for the future and fight for freedom by purchasing physical precious metals. Locally owned stores sell silver coins, or you can buy from reputable online dealers like DelValley Silver. Buy physical silver, free Bernard and free yourself.