luckydog1
Posts: 2736
Joined: 1/16/2006 Status: offline
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Stephann, I don't think you have that quite right. There is a huge difference between using a credit card and using a liberty dollar. When you signed the contract with the Credit card, you became legally bound to pay any debts you choose to take on plus applicable intrest in legal tender. The credit card companies also are bound by regulations that they have to pay in legal tender. The credit card company makes money by making it easier for you to access your legal tender, and if you refuse to pay you suffer civil and legal penalties. Liberty Dollar is very carefull to state very clearly, Liberty Dollars are not legal tender. The company walks a very fine line between pretending it is actually money, while saying it isn't in the fine print. Some of their salespeople (it works sort of like Amway, after you sign someone up, you get a % of every thing they buy), misrepresent that it is legal tender, and get busted. You can barter with a rock or a goat or a liberty dollar at a store if the store wants to. What Liberty Dollar does is sell engraved pieces of Metal at prices far above what you can buy from other dealers, call it money (but not legal tender), and they mix it up with an anti government poltical message to get a premium price. The political message also helps them identify people who are guilible enough to fall for it. At least at the Hawaiian mint they did limited runs, so the coins have the potential of having a collectors item value, sort of like a commerative elvis plate or doll. Ron Paul has tried to flirt with these folks (as well as the 911 "Truthers") for support, and it is going to put him out of the race. He either publically dumps and denounces them or he gets shown as a KOOK. If he denounces his main support base he loses his 7% or what ever it is now. Consider not a single one of his supporters (on here) will come out and say that they believe him when he says he had no idea what Liberty Dollar was doing with his name and picture....
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