The Liberty Dollar was pioneered in 1998 by Bernard von NotHaus as a clandestine autonomous bargain currency, according to its creator.
The following landed him in hot baptize with the federal government, which bedeviled his assets and prosecuted him in 2011 on accuse of counterfeiting and illegally arising and casual Liberty Dollar bill advised for use as accepted money. Three years later, in 2014, a federal adjudicator bedevilled von NotHaus to acquittal and ordered the acknowledgment of Liberty Dollars the government had bedeviled from von NotHaus, that he had captivated on account of barter and supporters of the Liberty Dollar.
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In his new book, The Liberty Dollar: From Abstraction to Crypto, actuality appear Oct. 1 on the 20-year ceremony of the Liberty Dollar, von NotHaus chronicles its history from abstraction in 1974, to its antecedent arising in 1998 and its change into a cryptocurrency, LD 2, co-developed and answer by his son, Extra von NotHaus.
The Liberty Dollar was aboriginal issued Oct. 1, 1998, by NotHaus through his National Organization for the Repeal of the Federal Reserve and the Internal Revenue Service (NORFED). NORFED after rebranded itself as Liberty Services. On Feb. 10, 2003, the concrete Liberty Dollar bill broadcast into a agenda currency, “eLD,” which functioned until Liberty Services abeyant operations in 2009. According to the LD2.zero developers’ website, every Liberty Dollar issued, whether agenda or a concrete receiptl, was, at any time, 100 percent backed by and 100 percent redeemable for the basal adored metal.
The aboriginal Liberty Dollars were answer by the issuer to be acclimated in bartering affairs as an another to federal currency, including Federal Reserve notes. Liberty Dollars eventually drew the absorption of federal authorities.
When Von NotHaus was the Mint adept of the clandestine Royal Hawaiian Mint for 25 years, he adherent his time to researching budgetary economics.
During those years, he advised and developed what he refers to as a “private amount based complete budgetary model.” He after retired from the Royal Hawaiian Mint, confused to the acreage and launched the Liberty Dollar.
“From day one, the Liberty Dollar admiring the best and brightest Americans who were able-bodied acquainted of the awry U.S. budgetary arrangement and the inherent crisis of government authorization money,” according to von NotHaus. “Very bound the Liberty Dollar became a absolute budgetary archetypal and admiring over 250,000 supporters and issued about $55 actor gold and argent backed Liberty Dollars afore it was dead by the U.S. government.”
In its new anatomy as a cryptocurrency, “LD2 agenda tokens are a barn cancellation that guarantees its owner/bearer the adored metal stored in the insured vault,” according to the LD2 founders.
The 360-page, 8.5-inch by 11-inch illustrated soft-cover book was appear by American Financial Press, P.O. Box 151760, Cape Coral, FL 33915. The book is offered at $29.95 per copy. For added information, appointment www.LibertyDollar.org online or via email.
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