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NORFED Liberty Dollar Newsletter - June 2006

LIBERTY DOLLAR NEWS: June 2006 Vol. 8 No. 6 CALL TO ACTION: Welcome new readers, Associates, Merchants and RCOs! Do you usually read the Incident of the Month? Well, you may want to read this one as "Pizza Hut Filed Fraud Charges Against the Liberty Dollar"! Trust me, there is never a dull moment with the new currency. Plus the latest newspaper articles are outstanding and Pete's "money machine" should not be missed. Most importantly, please don't miss the buying opportunity with the summer slows/summer lows in silver or the announcement about the new $5 Quarter Libertys either. The Liberty Dollar is cookin' so please take a moment and read this whole Newsletter. Then share it with someone else and get ready for much higher metal prices shortly. TABLE OF CONTENTS:

  1. Market Slumps and the $5 Quarter Liberty is HOT!
  2. Seeking My Replacement
  3. Pete's "Money Machine"
  4. Extraordinary Liberty Dollar University Coming
  5. 8th Annual National Tour Rolls Out Mid-July
  6. TWO articles on the Front Page Plus!
  7. Special on Spanish Brochures and Counter Mats
  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. Market Slumps and the $5 Quarter Liberty is HOT! First a quick word about the market. It's down. Is that enough? Probably not. It's the summer lows/ summer slows. Probably not adequate enough, either. OK. As you probably know, this is not an investment newsletter. We don't hype anything but we sure like the Liberty Dollar and sound money and that's no hype. Now seriously, I have gotten a few calls regarding the market. Some people actually thought we were going to the moon without stopping. Hey, markets don't work like that. Markets are people driven. People get tired, distracted, and are subject to a million other things in their lives. Nobody stays up all night, every night. Nor does any market. With that said, we are in an upward trending "saw- tooth" market. Corrections, like the current one, are to be expected and capitalized on. Dollar cost averaging is the proven, best methodology for acquiring any market driven item, be it stocks, funds or metals. And while we all like to buy low and sell high, the market, like love, makes fools of us all. So relax - the gold and silver market will be higher in the fall. It always is, if for no reason, because of Christmas buying. But this fall has a few other major influences, so please BUY NOW if you really want to buy low/sell high. Which brings us to the latest and greatest goodie from those guys with the Liberty Dollar, the brand new silver $5 Quarter Liberty. WOW! First ever! Do you remember the $1 Silver Liberty issued in 2003? Well the market was down, so the pricing was just right for a few months to issue a One Dollar Liberty. It was a super time. We limited the issue to what we thought was a staggering 50,000 Libs! And to our surprise, we issued all but a few which are now numismatic items on our site for $2 each. (P.S: This is now a real buy since we moved up to the $20 Silver Base!)

Again, with the market down - the time is ripe again! This time it is the new $5 Quarter Liberty with one-quarter ounce of .999 fine silver. Three millimeters bigger than a US quarter, it has an impressive size and with a quarter ounce of silver, it's got a good feel to it too. Plus it buffs out the choices with the $10 Half Lib and the whopping $20 Silver Liberty. And while we only issued 50,000 One Dollar Libs in all of 2003, our first order for $5 Libs was just over 25,000! Hey, the Liberty Dollar organization is a lot bigger now than in 2003. And that was just our first order. Get these while you can! As the market goes up and squeezes the margin, these $5 Libs will not be available... The bottom line is that the silver market is in a corrective phrase. Plus it is seasonally down due to the summer slows. Triple plus, it is being manipulated so the short sellers can exit the market. Now is the time to jump in and score on the $5 Quarter Libs. This is not a limited edition. It does not commemorate anything other than sound money and our movement to return America to a value based currency. The $5 Quarter Lib will be a terrific boost to your efforts in the marketplace. Order some today. With silver at $10, your Associate Rate will only be $4.13, almost 20% on your money! WOW! Order a bunch now. Wait! You can get almost 20% on the $10s and $20 too. Back up the truck. And remember that with the $5 Libs you will get four for every ounce... so for the same amount of money, you can impact four times the number of people than when you use a $20 Liberty. Plus it works with the $10 and $20 for much greater acceptance in the marketplace. Please don't fall prey to the ups and downs of the marketplace. Rejoice that the Liberty Dollar model is working well, just as it was designed to work. Please get a handful of the new "Silver Quarters" and make money, do good, and have fun! After this correction we will return to our upward part of the trending market to the moon, but not without more bumps along the way. So stay tuned and share the Liberty Dollar ideals and potential with a friend or merchant. Be happy. Life is short. 2. Seeking My Replacement And in remembering that "life is short"... it is no secret that I am retiring (again) and I am seeking an extraordinary businessperson. What kind of person fills the bill? Well so many people have asked me that I thought I would describe the "ideal candidate" with hope that it would speak to someone with the qualifications and desire to make a bold mark on our nation's history by taking the Liberty Dollar to the next level. If this speaks to you, please email me. I plan to retire within two years or at the latest when the Liberty Dollar is 10 years old. That's why I am seeking an extraordinary business manager as the Liberty Dollar's new Executive Director. The ideal candidate is a senior, self-made, independent businessman who wants to do something important with his or her time and money, as I did when I retired from the Royal Hawaiian Mint in 1998. This candidate of course wants to be well paid for his time and is interested in seizing this opportunity to leave a bold positive mark in our national history. The ideal candidate realizes that money is central to most human action, that free markets beat government planning, and that the Liberty Dollar presents a unique opportunity to change the money and change the country. Candidates must possess executive skills including good communication, solid judgment, business acumen and a proven track record, a passion for writing and speaking, plus contemporary computer skills. College degree is desirable but not required. Academic types need not apply - this is a business management position. The ideal candidate wants to grasp this opportunity immediately, and has a plan to grow the Liberty Dollar from its current $5 million annual revenues to $50 million per year.

The Executive Director position is available now. Please contact me via email if you or someone you know is interested. 3. Pete's "Money Machine" Wouldn't you like a "money machine"? Who wouldn't? The real question is, who would make a Liberty Dollar money machine? Enter none other than the amazing RCO from Chambersburg, Pennsylvania, Pete Hallock. Congratulations go out to Pete for the first functioning and profitable "coin exchanger" a la "money machine" using the Liberty Dollar! Actually it is really quite simple, one of it many strengths. You put in those dreaded green pieces of Federal Reserve Notes and viola! Out come $20 Silver Libertys. No questions. No problems. Just like that! But the best part is the marketing that Pete has built around his "money machine," which is also simple. Pete placed his first machine in a small supermarket and advertised that all purchases are "5% OFF! when using Liberty Dollars." The "money machine" is set up just inside the store and shoppers are encourage to exchange $20 FRN for $20 Libs. The merchant gets the Libs up to a 20% discount and offers a 5% discount on all purchases at the cashier. The merchant makes an extra 15% on top of his usual sale! Wild. Profitable. Only with the Liberty Dollar! Plus at the end of the day, the merchant restocks his "money machine" with the Libs he took in at the cashier... and makes more money!!! Of course, Pete profits too because the Libs make such great gifts, and it's silver, too, so not all of the Silver Libertys are used at the store and the merchant needs to restock with more Libs from Pete. Again, congrats to Pete, a past Liberty Associate of the Month and a proven winner in the Liberty Economy. 4. Extraordinary Liberty Dollar University Coming Are you coming to Liberty Dollar University? I hope so because I get a lot out of the brainstorming and interacting with everyone there. And I am sure you will get a lot out of this LDU10 in particular. Not just because LDU keeps getting better, but because of Dan Rose and Dave Lake's efforts to develop their Regional Currency Office. So I just wanted to mention LDU10 and hope you take the time to check it out. It will be an extraordinary event. Please call Rachelle at the Evansville Office for info and to reserve your seat for $200: 888.421.6181. 5. 8th Annual National Tour Rolls Out Mid-July In less than a month I leave on my eighth Annual National Tour (ANT06). Full of important stops, family, friends, Liberty Dollar events, Associates, RCOs and the country at large with stops in Canada, Hawaii and Puerto Rico! As I have announced before, if I don't hear from you, you will probably not hear or even see me. Over eight years, a whole network has developed and with the growth of the Liberty Dollar organization, it has been impossible to do everything and see everybody, so I leave it up to you to contact me. If I have heard from you, I look forward to our meeting; for all others, you will have one more chance to ask me about the Liberty Dollar next year unless I retire first. 6. TWO articles on the Front Page Plus! The good press continues! Although there have only been three articles this month, most amazingly, two were on the same Front Page! I don't ever recall seeing two articles on the same topic on any front page before, but there it is in the Public Opinion Newspaper. And where is the paper? None other than in Chambersburg, Pennsylvania, home of Pete Hallock's RCO. My thanks to Jim Hook, the Senior Writer for two well written, truthful, and interesting articles on the front page. The first article "Not So Funny Money" may be viewed at: http://www.libertydollar.org/html/articles/NotsoFunnyMoney.asp. And the second article "Liberty Dollars' money trail uses Nevada" may be viewed at: http://www.libertydollar.org/html/articles/MoneyTrailNevada.asp.

Granted, two articles on the same front page is super! But that is not all. In fact on Sunday, June 11, 2006, The Albuquerque Journal, the largest newspaper in the state of New Mexico, published a huge blockbuster article in color on the front page of the Business Section titled: "Private Money: If You Were a Merchant, Would You Accept These Coins?" Well I guess the reporter, Andrew Webb, found the answer to his question and provided his readers with an outstanding article. Special thanks go to Michael Lunnon and Glorietta Miller, the two RCOs in New Mexico at the time of the article. It is action by good people like Michael and Glorietta that gives the Liberty Dollar a good chance to head off the impending doom of runaway inflation. Please read this fine article at: http://www.libertydollar.org/html/articles/PrivateMoney.asp. 7. Special on Spanish Brochures and Counter Mats I am happy to report that the Spanish brochures and counter mats are available at a discount during July. And while the Spanish version mentions Puerto Rico, our principle Spanish location for the Liberty Dollar, both the brochure and counter mats are excellent tools for your Spanish speaking cliental. And as the Spanish market grows, so will the Spanish brochure and counter mat grow to be more full service. Sample it for yourself at a discount and let us know how it works for you. Brochures are usually a dime each, now for the month of July, they are only 7-1/2 cents each or $7.50 per 100 postage paid. Likewise, the Spanish counter mats are discounted to only $8 each plus postage from the usual price of $10 each. So if you have Spanish speaking family, friends or customers, please get a few brochures and counter mats and let us know how they work for you. 8. Letter / Article to the Editor The single best part of the Liberty Dollar is what supporters do with the currency. Of course it is one thing to design and develop a new currency, but it is an honor for dedicated and talented people to use the currency. Along that line, here is a Special Bulletin from Moriyah Piasetzki, a Senior Coach and Liberty Dollar supporter: Have your own Virtual Marketplace for Buying & Selling using the Liberty Dollar. Interface with every other Virtual Marketplace, Liberty Merchant and Associate everywhere: Every Liberty Merchant you enlist can now sell their products and services online for Liberty Dollars to other Merchants and Associates across America and around the Globe. Every Liberty Associate you service can now spend Libertys online with Liberty Merchants and thousands of other businesses. The Liberty Dollar is about to become THE Real Currency of choice. Visit www.wtexnet.com to see the up and running working model. Right now it is already interfaced with 76 other Trade Marketplaces. Right now you can buy over $20 Million Dollars worth of products and services using the Liberty Dollar. Over 3,000 Community Currencies worldwide are about to be introduced to the Liberty Dollar through the www.wtexnet.com network. This is going to be absolutely huge. Have your own Virtual Marketplace for your local Merchants and Associates with very low start up cost for the administrator (RCO's get first opportunity, then Merchants and Associates), ongoing monthly revenue stream and a huge increase in demand for Libertys and Liberty Jewelry. Only one Virtual Marketplace will be assigned per city, however, through each Virtual Marketplace and the World Trade Exchange Network (www.wtexnet.com ). Any RCO, Merchant, Associate or Member will be able to Trade with all other participants worldwide. If you don't have the time to manage this yourself then find somebody in your area that will. This is going to make the Liberty Dollar BIG TIME!

For more info please contact Moriyah Piasetzki via email: [email protected] or call: 325-201- 8145 for the World Trade Exchange Network: www.WTEXNET.com for the Future of Money, Business & Trade. 9. Success Story / Incident of the Month Pizza Hut Files Fraud Charges Against the Liberty Dollar Sometimes you just got to love the honest police officers who are out there trying to do what is right. Such is this incident regarding Pizza Hut. On or about June 6th, Officer Marvin Cox a policeman in Fredric, Maryland, called the Evansville Office about a fraud complaint filed by Pizza Hut against the Liberty Dollar. Sounded serious. After all, Pizza Hut is a well-know national food chain. (I knew the other Kansas Kid who started Pizza Hut in Wichita in the early 60's.) So I returned Officer Cox's call and sure enough he had already talked to the customer who had used a $20 Silver Liberty and some dreaded FRNs to pay $35 for pizza. (How prices have changed from the 60's!) I expressed my concern and explained to the Officer that using the Liberty Dollar is legal and if Pizza Hut was not happy, we would be happy to exchange the Liberty for $20 FRNs. That seemed to make the Officer happy. I also explained that for there to be fraud, there must be an "intent" to defraud. And with our phone number on the currency, it is going to be real difficult to show we are hiding or trying to get away with any free pizza. The Officer responded positively to that reasoning. So I continued to explain that if I walked into a Pizza Hut with a chicken and offered to trade it for a pizza, it is up to the merchant to either accept my chicken or not. And if they took my chicken, then there is no fraud. Same with using the Liberty Dollar. That got a good chuckle out of the Officer and he agreed that it was like barter or if it was anything illegal, it might be civil, but certainly not criminal. Of course I quickly agreed and drew the image of big Pizza Hut in one corner, little Liberty Dollar in the other, with the Officer and customer on the sides and some spilled pizza on the floor. It may be a little messy but there's no crime. So ended yet another "Incident of the Month." I hope all are resolved so quickly and with such a happy ending. Unfortunately, the Buczek Incident in Buffalo, New York, has been in court 12 times over the past six months! And if you think that is bazaar, the Buczek's have yet to enter a plea! This is the longest running Incident on record. Obviously there is something fishy going on with the court so I can only pray that this Incident will be resolved quickly and fairly. Look for an update in this Newsletter next month. 10. Question of the Month QUESTION: If an employee asks to be paid in Liberty Dollars instead of by check does the employer still withhold or is it barter? What does the employer put on a W-2 or 1099? Does the employer even have to file on an employee who is not being paid by check or FRNs? Do you have any info on what the IRS considers Liberty Dollars? ANSWER: Well it seems like we revisit this question every once in a while. So please remember that the Liberty Dollar is a currency. If there is a tax associated with the transaction for which the currency is being used then there is a tax to be paid. Such as buying dinner, if there is a sales tax on prepared food, then that tax is applicable. If you think you owe a tax on your labor then that tax is applicable. The Liberty Dollar is not opposed to any legal, lawful, or honest tax. We have no info as to what the IRS considers the Liberty Dollar. 11. Liberty Associate of the Month The Liberty Dollar organization is made up of lots of people. All kinds of people. Very representative of America itself. And while many people have been drawn to the Liberty Dollar, it has drawn a lot of high tech talent. Such is the case of the Liberty Associate of the Month, who is a young brilliant software

engineer and a real boost to making my life easier. In this increasingly high tech world, it is critical for the Liberty Dollar to excel to win. For these reasons, it is my pleasure to announce that Steve Brendtro, the RCO for southern Kansas City, Missouri, is this month's Liberty Associate of the Month. Congratulations Steve and thank you for all your assistance with the RCO Software and countless other assistances. Wishing you all the best with the Liberty Dollar. 12. Quote of the Month "Liberty cannot be preserved without general knowledge among the people. Let us dare to read, think, speak and write." John Adams, August 1765 Closing Remarks: Summer slows/summer lows. This is the best time to score gold and silver at lower prices. Jump in on the new $5 Quarter Libertys and share them with a friend. Many thanks to all the Liberty Associates, Merchants, and RCOs for your continued support. 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 800.NEW.DOLLAR 888.421.6181