Saturday, March 19, 2011

Privatized Currency Creator Sentenced In Criminal Court

A Bernard von NotHaus who tried to popularize a non-government currency that was backed by gold/silver (it wasn't fiat money) was given a very disturbing conviction of “domestic terrorism.”

This is disturbing for two reasons

- The Obama Administration would call this guy a terrorist but not Muslim terrorists.

- Really? Calling private currency a terrorist act? Bit of a stretch there. Sure it's against the law, but it's not terrorism. Noone was being kidnapped or killed. Also, calling private currency an act of sedition seems to me to be paranoid.

Placing limits on how much the federal government can print and having every dollar backed by a precious metal ain't such a bad idea in these inflationary times.

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