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NORFED Liberty Dollar Newsletter - January 2006

L IBERTY D OLLAR NEWS: J anuary 2006 Vol. 8 No. 1 CALL TO ACTION: Welcome new readers, Associates, Merchants and RCOs! I have just stopped by the office… and you would not have believed the orders! And if the Office were not so far behind, it would be comical. Trust me, we take every order very seriously, and I apologize for the delay. But WOW… it sure is great to see so many people put the Liberty Dollar solution into use. We have doubled the staff and made other organizational changes, so I hope our delivery time will improve. If not, let me know. Meanwhile, we have launched the State Monetary Initiative with Puerto Rico, Marco Island, Georgia, California, Colorado and Washington RCOs placing their first orders for the private labeled State Liberty Dollar. Please read about Michigan Liberty Dollar, and lots of great news, below. Then please take action! Read this whole Newsletter. Get some more Liberty Dollars. Share the Learning Channel video with your fellow Americans. Rejoice and spend more Liberty Dollars demonstrating what “inflation proof currency” really means! TABLE OF CONTENTS:

  1. Buffalo News Features Liberty Dollar
  2. Former US Chief Economist Mentions the ALD
  3. Michigan Liberty Dollar to Debut
  4. Feature Film on IRS to Debut
  5. We The People accepts Liberty Dollar and LDU9 to Sync with WTP Meeting in DC
  6. Circulations Figures
  7. Behind Schedule / Poor Customer Service
  8. Letter / Article to the Editor
  9. Success Story / Incident of the Month
  10. Question of the Month
  11. Liberty Associate of the Month
  12. Quote of the Month
  13. Buffalo News Features Liberty Dollar The biggest news is also the biggest Incident to date for the Liberty Dollar. On December 26, 2005, Dan Buczek and his son Shane were arrested at a hockey game in Buffalo, New York, when they offered a Silver Liberty to a concessionaire. The Buffalo News ran a Front Page story in last Sunday’s newspaper. Please visit http://www.buffalonews.com/editorial/20060122/1068456.asp?PFVer=Story for that story and also read the Incident of the Month for an update as this very interesting Incident unfolds. And the United Press International also picked up the story and spun their own slanted version: Two arrested for using Liberty dollars. This is some of the best free advertising the Liberty Dollar has enjoyed recently. My heartfelt thanks to Dan and Shane Buczek for their courageous stand for what is right and what should be our money. Right on, guys!
  14. Former US Chief Economist Mentions the ALD As the Liberty Dollar solution takes root and grows across America, the level of awareness is increasing and so is the level of interested parties increasing. Morgan Reynolds, the former Chief Economist of the US Labor Department, is one such individual who recently discovered the Liberty Dollar. Morgan has written the following article, which mentions the Liberty Dollar. Please send this article to your favorite media contacts and post this article far and wide to help spread the word about the Liberty Dollar and its solution to the developing monetary crisis. The Prince of Paper Ascends the Throne By Morgan Reynolds* January 2006 Name the three most important issues in politics: War in Iraq? Abortion? Domestic spying? None of the above. Nothing is more important than money, money, money - its quality and who controls it. We all know it in our gut - money means our livelihoods, our retirements, the life-blood of commerce plus an obese Government feasting on newly printed moolah daily. Money is “the most important thing in the world,” as playwright George Bernard Shaw said, yet it is wrapped in mystery because politicians and the Fed do not want the people to understand it. On February 1st, Ben S. Bernanke, prince of paper, succeeds Alan Greenspan on the throne at the Federal Reserve Board, the cabal that has mismanaged US money and banking since 1913. Bernanke has the power to screw things up royally and he is off to a fast start: gold has gone up nearly $100 an ounce since Bush nominated him. Bernanke’s resume is unmarred by real-world experience, so he is perfect for the job. He will be a disaster because he is wrong about virtually everything. He claims devotion to “long-run price stability” and “continuity” with the policies of the Greenspan Fed. He cannot be both. Greenspan’s inflationary policies have boosted the government’s consumer price index by 67%. That is the opposite of “long-run price stability.” Consumer prices have risen every year for a half-century. I detect a pattern here; it’s called a rip-off. Before B.S. Bernanke is done, he will make Greenspan look like a tight-money man. Bernanke’s paper trail tells us because he fears falling money prices as the biggest risk of all, so he stands ready with “an invention called the printing press” to combat this evil. He promises faster inflation in response to the next financial crisis, supplying the “liquidity” the system needs. “Helicopter Ben” has even promised to drop money from the air, but he won’t drop any on you or me. Insiders get it first. Mr. Ph.D. does not understand why a bust happens. That makes him extra dangerous. Every bust is caused by the preceding boom and its excesses. The bust is curative. And what caused the credit boom? The Fed! Its artificial pumping of money and credit through the banking system induces boom-bust cycles. When Bernanke fights the market by injecting new credit in the next crisis he will sustain unsound debt, weak debtors and lousy companies, prolonging depression. That’s the opposite of “putting it behind us.” Sound money is the fount of prosperity yet the Fed was created to supply an “elastic currency” for the nation and coordinate expansion of cheap bank credit on behalf of Wall Street and bankers. The Fed was designed to flee from sound money. It is an inflationary menace to everyone and we are on the verge of a dollar crack up. Voltaire said every currency returns to its natural value. For paper money, that is nothing. How can you protect yourself? First, shift investments toward hard assets like silver, gold, oil,

timber. Second, shift from the prince’s paper toward hard money in your transactions. Hard money has meant silver and gold since the dawn of civilization. We want good money and we want it now, before the greenback tanks. The easiest way to use gold and silver today is to rely on the competitive marketplace to supply it, like the Liberty Dollar, because it is .999 fine silver, readily available, and functions 1:1 with Bernanke’s paper. Fed Ex arose to challenge the government’s postal monopoly and now competitive money suppliers like Liberty Dollar have a huge opening. Competition from the private sector is the only way we’ll get high-quality money and put the people back in charge. Government separated gold and silver completely from its unbacked paper dollars, so we have the freedom to use the money we want. It’s all voluntary. There is no legal barrier to using silver or gold, in specie, real paper or electronic currencies that are 100% redeemable in silver and gold. We need a bottom-up, inflation-proof, market-driven money, not top-down, debt-based money controlled by the power elite. Let the competitive market in money roar. With each individual choosing what currency to use, the superior money will triumph.

  • Morgan Reynolds is a PhD economist, professor emeritus at Texas A&M University and the former Chief Economist, US Department of Labor 2001-2002.
  1. Michigan Liberty Dollar to Debut Space does not allow a complete update on the State Monetary Initiative. And while New York was the first state to sign up for their own private labeled New York Liberty Dollar, Michigan will be the first state to kick off the first major effort to return individual states to a gold and silver currency. Here is an announcement of the pending issue, which will be issued in March. For artwork and more info, please visit: http://www.libertydollar.org/html/RCO%20State%20Monetary%20Initiative.asp. M ICHIGAN L IBERTY DOLLAR Returning Michigan to Value – One Dollar at a Time One Troy Ounce .999 Fine Silver The four Regional Currency Offices for the Liberty Dollar in Michigan have announced that the brand new Michigan Liberty Dollar will be issued in March for immediate circulation in the State of Michigan. The Michigan Liberty Dollar will bring the benefits of the national Liberty Dollar currency – America’s second most popular currency – to more residents and businesses in Michigan. The $20 Michigan Liberty Dollar is one Troy ounce of .999 fine silver, has a face value of $20, and is intended to circulate in the local economy at 1:1 with the US dollar, as the national Liberty Dollar has been used in Michigan for the past several years. In addition, a special numismatic First Day of Issue of the Michigan Liberty Dollar is provided in three types: (1) Numbered, hallmarked proof $50 ea. (only 250 made) (2) Hallmarked proof $35 ea. (only 250 made) (3) Proof Edition is $20 ea. (only 650 made) Subsequent production runs will be general issue with the same quality as the national Liberty Dollar.

Type 1 is hand numbered and stamped with a hallmark of the outline of the state with its initials. Type 2 is hallmarked only. Type 1 and 2 are limited to one each per order, type 3 is limited to five per order. From Maine to California, from Florida to Washington, from the four corners of the country, including 20 states and two islands, Americans have taken a positive, proven, profitable step toward returning their individual states to a value based currency as mandated by the US Constitution. Now Michiganders can protect their earnings and savings from the effects of inflation and dollar depreciation by using the new silver backed currency designed specifically to protect the health of the Michigan economy. In just seven years, the Liberty Dollar – America’s inflation proof currency – has grown to almost $20 million gold and silver dollars and over 100,000 enthusiastic supporters who use the currency on a daily basis. Much to the chagrin of the federal authorities who admit that the Liberty Dollar is legal, the Liberty Dollar provides an “inflation proof” alternative to the US dollar. The Michigan Liberty Dollar comes at a time when more and more Americans are growing increasingly concerned about the economy. As the US dollar continuously loses value, people have watched their purchasing power disappear. “Either change your money or lose it,” says Bernard von NotHaus, the monetary architect for the Liberty Dollar. “Sooner or later the rest of the country will – like Michigan – wake up and realize that the value of their hard-earned dollars is being steadily eroded by the spending and borrowing of Congress and the President. While foreign banks pile up more and more freshly printed, un-backed US dollars in their vaults, Liberty Dollar supporters prefer instead to offer and circulate their own currency that holds its value and will stay right here in Michigan.” More information is available online at: www.LibertyDollar.org, or by calling the Michigan RCO Group at: 800.NEW.DOLLAR or 888.421.6181 for the Liberty Dollar National Fulfillment Office, 225 N. Stockwell Road, Evansville, Indiana 47715 USA 4. Feature Film on IRS to Debut Aaron Russo, the accomplished Hollywood producer and director, has just completed "America ... from Freedom to Fascism," a feature film about the IRS, the Federal Reserve and the New World Order. The film is to be entered in the May 2006 Cannes Film Festival. Russo's film credits, which include "Trading Places" (starring Eddie Murphy) and "The Rose" (starring Bette Midler), have received six academy award nominations. Russo has personally won both an Emmy and a Tony award and his films have also won a number of Golden Globe awards. Not unlike the showing of Mel Gibson's film "The Passion" to congregations across America in advance of its formal release, Russo has offered to present his new film in advance of its premier showing in Cannes, to the congregations of patriots assembled at the upcoming We The People regional conferences. The 95-minute film, "America... from Freedom to Fascism," will be shown in its entirety at the Tucson WTP meeting on Saturday, January 28. The meeting is free and open to the public. Most likely the movie will be shown at the WTP event in Washington, too, which is now timed to sync with Liberty Dollar University 9. 5. We The People accepts Liberty Dollar and LDU9 to Sync with WTP Meeting in DC

We are pleased to report that on December 31, 2005, Bob Schulz announced the WTP Congress Operations Plan. Referring to the Plan as “Bold, but doable,” it also announced that We The People would accept Liberty Dollars and offer it as payment to the national and state directors. Thank you, Bob, for choosing a value based currency. I am sure it will outperform the US Dollar. In appreciation of Bob’s decision to accept and use the Liberty Dollar, the next Liberty Dollar University #9 (LDU9) has been scheduled to sync with We The People’s April Meeting. LDU9 will commence in the Washington, DC, area, April 18 – 21, just before the We The People group will gather in our nation’s capital, so if you are coming for either event, you are encouraged to come for both. LDU will start with a Meet/Greet on Tuesday evening, April 18, and conclude on Friday morning, April 21, which is the day the WTP event starts. While originally LDU was intended to be the training ground for new RCOs, it has now quickly become the proving ground for Liberty Associates who are interested in operating a Regional Currency Office (RCO) as a business. If you really want to get the inside info about the Liberty Dollar, you are encouraged to attend. Cost is only $200 for Liberty Associates (required), and the money is credited toward your RCO charter fee if you become a RCO at LDU. I look forward to seeing you at LDU9 and WTP meeting. Please register at least a week in advance so we can be prepared. You must pre-register to attend, please. For further info, please visit the LDU page at http://www.libertydollar.org/html/Liberty%20University%20101.asp or the RCO page at http://www.libertydollar.org/html/rcofaq.asp or call the National Fulfillment Office at 888.421.6181 or email: [email protected]. 6. Circulation Figures Over the years, when pressed for circulation figures, we often gave our best guess as to the actual number of Liberty Dollars in circulation. Due to using three different accounting software programs and several accounts, each with their own style, we found it all but impossible to accurately figure out the number of Liberty Dollars in circulation. With the Move Up and the fact that circulation is a credibility issue, I commissioned an accountant to dig back through all our records for the accurate circulation figure of the Liberty Dollar as of December 31, 2005. Well, guess what? While we over-estimated the circulation figures, I am happy to inform you that as of December 31, 2005, there were $17,486,050 Liberty Dollars in circulation. With this figure in hand, you can look forward to accurate circulation figures every year in the January issue of this Newsletter. Many thanks to everyone who has worked so hard to advance the Liberty Dollar solution and helped create this historic circulation – America’s second largest physical currency – and growing every day. 7. Behind Schedule / Poor Customer Service As I mentioned in my opening remarks, I apologize for the poor customer service and the late delivery of your order. I was so concerned that after LDU8 concluded in Pensacola, Florida, I dashed up to Evansville to check out the situation for myself. Quite frankly it was amazing! I found boxes stacked everywhere. And more coming every day. If it were not so dire, it would have been comical. And while we doubled the size of the Staff… there was not much time for training with the phone ringing off the hook. Luckily most people understood that

the Liberty Dollar’s increased popularity was a very healthy sign for our country’s awaking to value. Of course, it didn’t hurt that everyone who had Liberty Dollars at the $10 Silver Base doubled their money when the currency moved up to the $20 Silver Base! There was simply no way to know what the train wreck was going to be like as everyone wanted to double their money… all at the same time. And with no experience, it was difficult to have an adequate plan in place. So the good news is that the Office is slowly returning to normal and with this experience behind us… rest assured that when the Liberty Dollar moves up to the $50 Silver Base, we will be prepared! So as you get your new $20 Silver Libertys or the new $10 Half Libs, give them a go. Exciting times lie ahead! We have a country to save and we get paid too. What a wonderful combination! Thanks again for your patience. 8. Letter / Article to the Editor Crooked Cop meets Honest Money? By Karl Reile – RCO of Buffalo New York: An article written by Dan Herbeck was on the front page of the Sunday Edition of the Buffalo Evening News Jan. 22, 2006: A Buffalo NY family who prefers to spend .999 fine gold and .999 fine silver "Liberty Dollars," which the Secret Service and US Mint confirmed are perfectly legal to spend by anyone, were arrested under remarkable circumstances Dec. 26, 2005, at the HSBC Arena while watching a hockey game. Despite not having jurisdiction over the matter, the City Court of Buffalo continues its questionable allegations against this family based on a police officer’s clearly personal reasons for the "arrest." "There is no law preventing businesses from accepting Liberty Dollars" -US Mint: Buffalo Evening News Front Page, January 22, 2006 The Buczek Family who now appears to have been needlessly harassed by an out of control cop, and court, have actually bravely represented themselves in this matter thus far. There appears to be a personal vendetta by an off duty police officer who was acting as the security guard at the hockey game that the Buczeks were attending several weeks ago, that the court refuses to take into consideration. The Buczek’s young daughter had gone to a concession stand and offered a Silver Liberty as payment, and the concession stand did not take her silver, so she happily gave green Federal Reserve Notes instead. Later a security guard approached the girl, and the Father questioned what he wanted. This escalated when the officer recognized the last name of the family in some personal matter from years prior. The officer became very loud and threatening, and Mr. Buczek asked if they could talk somewhere else so as not to disrupt his friends and family and other public in the audience. The officer took them to a room where the Buczeks witnessed the officer become further verbally abusive and belligerent. The police officer admitted to the Buczeks that he "could lie and his security guard friends would stick up for him" and get the Buczeks in trouble. Despite the

fact that there is nothing illegal with pending silver and gold as money and has been confirmed by the US Mint and Secret Service, this security guard has caused quite a commotion and may have given false testimony regarding the incident in the HSBC arena, arresting Mr. Buczek and his son even though the guard never witnessed it and it was the Buczek’s daughter who actually wanted to spend the lawful money, not the father or son. This officer apparently has a past history of false arrests, where last year, it was reported, a group of fans were arrested but all had to be released the next morning when no charges could stick in the case. It is unclear at this time why the City Court has not dismissed the case involving this questionable police officer in trying to illegally prosecute felony charges when it is clearly not within the City Court’s jurisdiction, as felony charges must go before a grand jury and are not within the City Court’s jurisdiction whatsoever. Already the City Court has now admitted that they cannot pursue the charges as the Officer laid out, creating large holes in the City's case against this family. The Secret Service and US Mint came to the aid of the family and confirmed that the Liberty Dollar is legal to use by anyone and is being used by hundreds of thousands across the US and Canada. The Buczeks have been through a lot, and it is not over yet. Another court date is scheduled at City Court of Buffalo. 9. Success Story / Incident of the Month There is no doubt that the Incident of the Month is happening in Buffalo, New York. The best information on the story behind the Buczek Incident is now available on the Free New York blog at: http://blog.freeny.org/?p=108. This Success Story: “Some good news this past month” was filed by Vijay Govindan: Bernard, How are you? I'm very excited that the Liberty Dollar is in the stages of moving up to the $20 base. I am aggressively exchanging FRNs for eLDs. I am very very excited to apply for an RCO in a few months’ time. As far as I can see there are no RCOs in the NY area. I am also tremendously excited to see of the State Monetary Initiative (I live in NYC). Just the other day I was e-mailing my City Councilman that we could use gold and silver to pay down city debt and lower taxes and increase the city's credit rating. I used the success of Liberty Dollars as an example. I want to hear more details on this unique initiative and how we can participate. Since the last time we e-mailed you Triveni and I have introduced the ALD to another 17 businesses, for a total of almost 50 businesses! We are preparing for phase II of our business, where we actively introduce the ALD to businesses and have them sign up as Liberty Merchants and Liberty Associates. Many businesses routinely accept LDs now without asking any questions. The excitement is growing. 99% of the feedback is positive. Thanks again for all your efforts. I feel like I am participating in something revolutionary in the making.

Warmest regards and hope to meet you soon, Vijay Govindan 10. Question of the Month QUESTION: What point do we move up to the $50 Silver Base? ANSWER: Quite frankly, I think it is a bit early to ponder this development, regardless of the likelihood of much higher silver prices due to government’s relentless printing of money and the subsequent loss of purchasing power. At the bottom of Rate Formulas located on the RCO page at http://www.libertydollar.org/Formula_20_Silver_Base.asp it is stated that the move up (Crossover point) from the $20 to the $50 Silver Base is $16.00 30DMA. In other words, when the 30 day moving average for silver is over $16.00 for 45 consecutive calendar days, the Liberty Dollar will Move Up to the $50 Silver Base. 11. Liberty Associate of the Month One of the most satisfying parts of introducing the Liberty Dollar is the quality of people who have been drawn to the new currency. The overall professionalism of the Liberty Associates is quite outstanding, especially with the RCO. For obvious reasons, the most outstanding people rise to the occasion and opportunity that the RCO Business Plan offers. And such is the cast for the Liberty Associate of the Month, Dan Rose. Dan is operates the RCO in Columbus, Mississippi, and has attended seven of the nine Liberty Dollar Universities, second only to me, having attended every one. Dan has shown the dedicated determination to stay on target and steadily move in for a precision strike. A retired Colonel in the Air Force, and a proven leader within the Liberty Dollar community, I am pleased to name Dan Rose as the Liberty Associate of the Month. Congratulations, Dan, great to have your support. 12. Quote of the Month “A people have but one dangerous enemy - its government." Louis Antoine de St. Just in1793. Closing Remarks: The beginning of another year. Big developments both in awareness like the Incident in Buffalo and the launch of the State Monetary Initiative are only two of the many things that are drawing the Liberty Community together. Of course there are holdouts by faux leaders who try to deny the Liberty Dollar solution. So please be steady in your beliefs and keep using the Liberty Dollar. For it is only by banding together and adopting a free and independent currency, which provides us with “just weights and measures” will we be able to throw off the yoke of a manipulated monetary system and generate a peaceful and prosperous society. Thank you again for all your efforts to return America to value – one dollar at a time! Bernard von NotHaus Monetary Architect/Editor www.LibertyDollar.org 888.421.6181