NORFED Fires Back at US Mint
At a meeting held Sunday afternoon, between Executive Director Michael Johnson, NORFED legal counsel, and the rest of NORFED Management, NORFED has chosen to firstly seek retraction and clarification of the attack upon NORFED by the US Mint, and is planning its legal options.
"NORFED counsel's legal opinion is that the US Mint's allegations are absolutely false, in addition to being outright malicious," said Johnson, "If a private party had issued a public statement, as the Mint did, that NORFED had committed a crime, when NORFED neither had plead guilty nor been convicted of a crime, that statement would constitute defamation per se."
It is NORFEDs position that the sale, usage, and transactions of the Liberty Dollar are legal and not a 'federal crime'. These statements are backed up by years of legal research, due diligence, and experience.
"We are investigating where and how these allegations came about and seek retraction and clarification from the US Mint," Johnson stated, advising Liberty Merchants, Associates, and Regional Currency Offices to continue to "do the drop" (giving people the choice between Federal Reserve fiat money, or NORFED real money), and spreading the word. "We are within our rights to offer Liberty Dollars for goods and services to whoever will voluntarily accept them."
Johnson noted that a further statement will be forthcoming as to NORFEDs exact plan of legal attack, originally thought to be released later today, but now it appears the next release will be tomorrow.
Meanwhile, the blogosphere has been afire with articles on this story. Here at IntLib, our stories so far have garnered almost 22,000 hits on this site since the story broke this past Thursday. Our articles have been linked and syndicated by more than a dozen other websites, including FMNN, Digg, Reddit, Dvorak Uncensored, Silver Valley Mining Journal, LSNN, The Truth Laid Bear, and Netscape. Other articles from other sources have appeared in the Rocky Mountain Times, USA Today, AOL, and other locales.
UPDATE: An editorial in today's FMNN by David Bond, of Silver Valley Mining Journal, which has come out four square in support of NORFED, pledging to buy more LDs, and step up its own Sterling coin program in Wallace. Bond railed, "And just who in Hell is the U.S. Mint, anyway? The crud passing for U.S. nickels, dimes, quarters, halves and fiat dollars is the product of counterfeiters, not of the fine craft of minting. Apparently the word is getting out, that silver is money and that post-1964 U.S. Mint excrement is not."
UPDATE:
BACKDATE:
"NORFED counsel's legal opinion is that the US Mint's allegations are absolutely false, in addition to being outright malicious," said Johnson, "If a private party had issued a public statement, as the Mint did, that NORFED had committed a crime, when NORFED neither had plead guilty nor been convicted of a crime, that statement would constitute defamation per se."
It is NORFEDs position that the sale, usage, and transactions of the Liberty Dollar are legal and not a 'federal crime'. These statements are backed up by years of legal research, due diligence, and experience.
"We are investigating where and how these allegations came about and seek retraction and clarification from the US Mint," Johnson stated, advising Liberty Merchants, Associates, and Regional Currency Offices to continue to "do the drop" (giving people the choice between Federal Reserve fiat money, or NORFED real money), and spreading the word. "We are within our rights to offer Liberty Dollars for goods and services to whoever will voluntarily accept them."
Johnson noted that a further statement will be forthcoming as to NORFEDs exact plan of legal attack, originally thought to be released later today, but now it appears the next release will be tomorrow.
Meanwhile, the blogosphere has been afire with articles on this story. Here at IntLib, our stories so far have garnered almost 22,000 hits on this site since the story broke this past Thursday. Our articles have been linked and syndicated by more than a dozen other websites, including FMNN, Digg, Reddit, Dvorak Uncensored, Silver Valley Mining Journal, LSNN, The Truth Laid Bear, and Netscape. Other articles from other sources have appeared in the Rocky Mountain Times, USA Today, AOL, and other locales.
UPDATE: An editorial in today's FMNN by David Bond, of Silver Valley Mining Journal, which has come out four square in support of NORFED, pledging to buy more LDs, and step up its own Sterling coin program in Wallace. Bond railed, "And just who in Hell is the U.S. Mint, anyway? The crud passing for U.S. nickels, dimes, quarters, halves and fiat dollars is the product of counterfeiters, not of the fine craft of minting. Apparently the word is getting out, that silver is money and that post-1964 U.S. Mint excrement is not."
UPDATE:
BACKDATE:
posted by Mike Lorrey at 12:49 PM
2 Comments:
Great coverage of this story (best I've come across). Assuming the government doesn't shut them down I'm curious to see whether this saga (free publicity) helps perpetuate the use of Liberty Dollars. It will be interesting to see whether more retailers sign up and begin accepting and distributing the currency (wishful thinking, perhaps). I've kept my eyes open in Boston, but have yet to come across anyone doing so. Does anyone know where circulation numbers can be found?
Circulation numbers are found at libertydollar.org. Hunt around. Roughly about $20 million is in circulation nationwide, and you can find RCOs, Liberty Associates, and Liberty Merchants local to Boston at that website in the directory.
I've added update and backdate links so people can read all the stories. We're going to keep on covering this story to its conclusion, I can guarantee that (its been a very popular story for us here at IntLib)
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