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RVML Resource Center 2002-2007 Calendar Archives 31 August 2005, Wednesday |
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The Liberty Dollar- A Privately Issued Currency by Bernard von NotHaus
Time: 5:30pm - 7:30pm
Location: RVML Event Center - 258 A St, Ashland
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The Liberty Dollar- A Privately Issued Currency By Bernard von NotHaus
Free admission, donations appreciated.
Presentation Description:
As Americans watch the purchasing power of their hard-earned money deteriorate, a new "inflation-proof" currency that preserves its purchasing power is already flourishing.
Money just ain't what it used to be. And according to Bernard von NotHaus, the Monetary Architect of the new Liberty Dollar currency, there is a good reason.
"When a government continues to issue money backed by debt, the purchasing power of that money inevitably declines." said von NotHaus. He noted that the U.S. Federal Reserve Note - the U.S. Dollar - has lost 98% of its purchasing power since the Federal Reserve was created in 1913. And government debt continues to climb.
Enter the Liberty Dollar: a private, legal currency 100% backed by real gold and silver with over $10 million in circulation among 100,000 people. Supporters say the currency emulates the FedEx® model that brought competition to the U.S. Post Office, which responded and improved noticeably. They want the same for their money.
With Federal Reserve Chairman Greenspan voicing recent concern about "the impact of enormous Federal debt on our fiscal future", von NotHaus commented from the Liberty Dollar's Office in Evansville, Indiana, "The need for a value-based currency is critical. The Liberty Dollar provides an innovative choice and offers needed stability and solid purchasing power to the families of this nation. Now Americans have a choice between debt-based depreciating currency or value-based currency available in metal, paper, and digital that holds its value and may appreciate."
Jason Pratt, who operates Liberty Dollar of Austin, Texas, agrees that while the Liberty Dollar is clearly the underdog, it is only going to become more popular as the government spends itself into oblivion. "The Liberty Dollar finally brings free enterprise to the creation of money by distributing it at a discount, so people can use it at a profit. Everyone can profit in the new Liberty Economy."
Featured in The Learning Channel's Making Money documentary, the Liberty Dollar is acknowledged by the U.S. Treasury as legal and legitimate. The Federal Reserve has adopted a "so be it" attitude toward the private currency, which is independently warehoused and audited monthly.
Dr. Richard H. Timberlake, Economics Professor Emeritus, points out, "Privately issued currency, such as the Liberty Dollar, is just as fundamentally economical and beneficial to society as the private production of any good or service in a competitive, free enterprise economy."
Presenter's Biography:
Bernard von NotHaus, one of the world's foremost experts on private currencies and alternative economics, retired six years ago after 25 years as the Mintmaster at the Royal Hawaiian Mint. His work has been cataloged over the past three decades in television, radio, and print medias and featured in Super Structures: Making Money on The Learning Channel, Paul Harvey's News & Comment, Forbes Magazine, the L.A. Times, and numerous books and publications.
Von NotHaus studied Art and Architecture at Kansas State University for six years. Since 1974, when he wrote, To Know Value - An Economic Research Paper, von NotHaus has studied economics and monetary history. In 1997 von NotHaus wrote Free Market Currency and proposed the world's first working model for an Organic Monetary Standard. In 1998, with the support of other concerned Americans, he introduced the Liberty Dollar to exemplify the principles of a free market, value-backed, private currency that is free from government control.
In 2003, he wrote The Liberty Dollar SOLUTION to the Federal Reserve, a 500-page treatise. He is well known in the numismatic community as an original thinker who relishes the type of complex problems he encountered while designing and developing the Liberty Dollar, a money owned by the people, not the Federal Reserve.
Currently he is the Monetary Architect at NORFED a non-profit, free enterprise corporation that to date has distributed $10 million Liberty Dollars to a network of over 100,000 people and postulates Bernard's Law: "When the people own the money they control the government. When the government owns the money, it controls the people."
Website: http://www.libertydollar.org
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RENT RVML's LECTURE HALL: The 1,000 Sq.ft. presentation area is air-conditioned and wheelchair accessible with full audio-visual capabilities available. Eighty folding chairs can be arranged in different configurations for meetings, lectures, and gatherings. -$15.00 per hour, 2 hour minimum. http://www.rvml.org/contact.shtml
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 Licensed To: RVML |
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