A New Legal Currency Backed by Silver
EVANSVILLE, IN October 1, 1998 — Silver is back! Responding to a national coalition of concerned working Americans, the Liberty Dollar has introduced a new, alternative currency that is 100% backed by .999 fine silver. The new Liberty Dollar is central to a grassroots effort to return the US to a currency backed by gold and silver, not national debt. Not long ago, the US government issued a national currency backed by a redeemable commodity; the Liberty Dollar returns America to this kind of value - one dollar a time.
Surprisingly, it’s legal to issue your own currency like the new Liberty Dollar. The new Silver Certificates fit in the cash register and function in the marketplace on a dollar-to-dollar basis with Federal Reserve Notes.
Even more surprisingly, here's what the Chairman of the Federal Reserve Board himself, Alan Greenspan has to say about the subject of value backed currency.
"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation... Deficit spending is simply a scheme for the 'hidden' confiscation of wealth. Gold stands in the way of this insidious process."
It should be noted that the U.S. Constitution and the Coinage Act of 1792 defined lawful money for the United States in terms of silver as well as gold. A silver standard is just as effective as a gold standard, and far more feasible given the current scarcity of gold.
The desire to be debt-free is well justified in a time where Americans are threatened by a floundering stock market, a lingering recession, and the unpredictable Federal Reserve. Protecting the stability and future of American financial security has not been easy, until now.
The new currency is a work of art, beautifully designed with silver foil stamped high quality paper, reflecting the true meaning of America. Microscopically printed in the borders of the dollars is the Declaration of Independence, the Bill of Rights, and the Pledge of Allegiance to the Flag. Each denomination is uniquely colored blue, purple, and brown. A hologram in the lower left and a special DNA code is impregnated into the bills, among many other security features, work harmoniously to protect against counterfeiting.
Over forty communities in the United States are currently issuing their own local currencies, creating self-reliance and freedom from the unprotected international financial system. These communities' monetary systems are supported by quality work and faith in the American people, not by a Congress which utilizes the system to perpetuate an incomprehensibly huge national debt.
The Liberty Dollar is a supporter-based, non-profit organization that is a proponent of a currency owned by the American people. The Liberty Dollar certificates are redeemable on demand by the bearer of the Silver Certificates.
By converting Federal Reserve Notes into the Liberty DOllar, Americans can protect the purchasing power of their money from the current debt based monetary system with a system based on silver. The new silver based currency has the guaranteed value of the silver which would appreciate with higher silver prices, versus the inevitable depreciation of the Federal Reserve currency.
"The Liberty Dollar currency is a proactive symbol that builds consensus every time it changes hands." says Bernard von NotHaus, the monetary architect of the new currency. Money is a powerful economic force that should always be owned by the people.