Skip to main content

NORFED Liberty Dollar Newsletter - March 2004

LIBERTY DOLLAR NEWS: March 2004 Vol. 6 No. 3 THE CROSSOVER NEARS: Welcome new readers, Associates, Merchants and RCOs! You're reading this newsletter in historic times. Our country is not at peace, but the peaceful work of converting America to value with the Liberty Dollar continues, and the "Crossover Point" at which the currency's Face Value doubles is getting closer. Please take action: read this newsletter, get as many Liberty Dollars as possible before the base doubles, and share the exciting story of the Liberty Dollar with someone you love! It's not time to be shy about spreading the word…your friends and your family's financial life might depend on it! TABLE OF CONTENTS:

  1. Liberty Dollar Nears "Crossover Point" to Doubling
  2. New $20 Silver Liberty "Pietfort" Issued
  3. New Article by Des Moines Register
  4. Silver Perspective by the Numbers
  5. Calendar for Annual National Tour
  6. RCO Search Engine, Congress & Liberty Marketplace
  7. FreedomFest Accepts ALD and Schumacher Currency Conference Announced
  8. New DVD, Re-Pricing & Conference Call
  9. Incident of the Month (3)
  10. Question of the Month
  11. Liberty Associate of the Month
  12. Quote of the Month
  13. Liberty Dollar Nears "Crossover Point" to Doubling On Friday, March 19, silver crossed over $7.50USD and the phones at NORFED started ringing. "Silver is over $7.50!!! Have we switched over to the $20 Silver Base? Have you DOUBLED the face value of the Liberty Dollar?" Seems that "everybody knows" that the currency was to be revalued at $7.50. And is often the case, what "everybody knows" is wrong. Just because silver is over $7.50, the Liberty Dollar has not been re-valued. What? Why not?! For the record: The "Crossover Point" for the Liberty Dollar from the current $10 Silver Base (one Troy ounce of .999 fine silver backs $10 Liberty Dollars) to the new $20 Silver Base (one Troy ounce of .999 fine silver backs $20 Liberty Dollars) will occur when silver's thirty day moving average stays over $7.50 for thirty calendar days. So although silver went over $7.50USD on Friday, March 19, which is a strong indicator that we are nearing the Crossover Point, that was only the first day to contribute to the thirty day moving average (30DMA) of $7.50. But silver does not have to be over $7.50 for 30 days in a row to move the 30DMA above $7.50. In fact, since every day influences the average, a big jump or many large movements in the spot can move the average rather quickly. Note the change from March 19 to the 30DMA on March 26 below! But these changes are not as it appears to be. If you were watching the silver market on March 19, 2004, you may know that silver hit $7.69 on the New York Commodity Exchange (COMEX), but the 30DMA is based on the close, not the high or inter-day quotes. As the Crossover Point is so important, NORFED will use an independent, third party source for its 30DMA so there is no doubt. Just like the monthly audits, there is no secrecy. You can follow the development by simply going to Kitco. The 30DMA can be viewed, printed and saved via: http://www.kitco.com/reports/. Click on Gold & Silver Market Watch (look for the red tab for

ScotiaMocotta and select date). The 30DMA is listed at the bottom of page 2. If you are not familiar with the Mocatta name, they date from the early 1600s and were one of the founding members of the Bank of England in 1694. Mocatta is now part of ScotiaMocatta, which is a division of the Bank of Nova Scotia, a Canadian Bank. Their 30DMA is based on silver prices from the London Metals Exchange (LME), which is different from the New York Commodity Exchange (COMEX). For example, on Friday, March 19, 2004, silver closed at $7.63 on COMEX and $7.55 on LME. Also on the same site, you will find Market and Technical Commentary plus 4, 7, 9, 14, 18, 30, 60, 100, 200 and 400-day moving averages. On Friday, March 19, the 30DMA was $6.62. Only a week later, on Friday, March 26, it was $7.01. At this rate the 30DMA could be $7.50 or over in less than 30 days! Please check the 30DMA often and get ready for the most exciting part of the Liberty Dollar model, when our "free market currency" doubles in value as it must because that is the nature of a "free market currency". As I said many years ago, one of the main reasons that the Federal Reserve has been able to deceive and defraud the American people for so long is because without a competing currency, there has been no way to really demonstrate how terrible "their" currency has under-performed and fleeced the American people. Now, with the FRN sinking and the silver currency soaring, The Liberty Dollar provides the wake-up call for Americans to get out of the USD and bring an end to the current manipulated monetary system. Either change your money or lose your value: that is the choice that faces Americans today. Please share the Liberty Dollar with someone you love. And get as many Liberty Dollars as possible. 2. New $20 Silver Liberty "Pietfort" Issued As announced in last week's Alert, I am particularly excited and pleased to announce a first for me and for our expanding Liberty Community - a new $20 Silver Liberty "Pietfort". NORFED is now accepting orders for the all-new Limited Numbered Edition Proof $20 Liberty Pietfort (numbered 001-999) and the Limited Edition of only 4000 Brilliant Uncirculated $20 Liberty Pietforts. The Pietfort is a 2-ounce, double-thick Liberty, with the Liberty head obverse design and the NEW reverse design, which matches the style of the $1 and $5 reverse. All orders will need to be pre-paid by check, cash, money order, or credit card. Delivery will begin within 30 days. Proofs may take a little longer. Associates can get the $20 Uncirculated Libertys for $20 each from NORFED or an RCO, and can get the numbered $20 Proof Libertys for $30 each from NORFED. Non-Associate pricing is double Associate pricing. Pricing is subject to change at any time. Please order today as they may change tomorrow. "What's a Pietfort?" If you asked a thousand coin collectors you may get the same wrinkled up look with "What?" Just as the French gave us Troy, the unit of weight for precious metals - named after Troy, France - Pietfort is also French. "Piet" means heavy and "fort" means extra. There forth, Pietfort means something that is "extra heavy". Numismatically, the term has come to mean a coin, medal, or item that is minted on an extra heavy planchet. ("Planchet" is also French for the round metal disk (blank) that is struck or "coined" into a medal, coin, or in this case, a Silver Liberty.) So today, in my thirtieth year as a Mintmaster, I am pleased to announce the TWO OUNCE $20 Silver Liberty Pietfort. If you think you get a reaction when you "Do the Drop" with the one-ounce Silver Liberty, just wait until you try out the "extra heavy" $20 Pietfort! Am I suggesting that this piece will be circulated? Probably not. It, like the other commemorative $1, and $50 Silver Liberty were issued to help round out the collection for the 5th Anniversary. Now, we have a complete matching set with $1,

$5, $10, $20, and $50 in both Silver Libertys and Silver Certificates. Neat, huh? And to give this $20 Pietfort the "extra heavy" status that it deserves, it will be issued in both a numbered Proof and an un-numbered Brilliant Uncirculated edition. Both editions will be minted with a special "spaced" collar. (The collar is the metal ring that holds the planchet and retains it from spreading as it is struck with the dies. It is the collar that puts the little serrations or "reeds" on the edge of the Silver Liberty when it is minted.) Not all collars are the same. Some are very complex and contain words or even symbols like stars. Others contain a "space" where a word or number is added to denote its specialty. Such is the case with both Limited Editions of the Silver Liberty Pietfort. The Proof Limited Edition will be numbered from 001 to 999, so it is truly a Limited Numbered Edition and only 999 will be minted (plus ten extra Pietforts numbered "000" for a certain Mintmaster. One of the ten "000 Pietforts" will be auctioned off at the next RCO Liberty University this April. Numbered editions will be issued in the order that they are ordered. First come - first served. No more than 10 can be ordered at one time. All Proof Pietforts will be sealed in a special double thick capsule and shipped in a box. Only 4,000 Brilliant Uncirculated Limited Edition Pietforts will be minted with the special space collar and marked "UNCIRCULATED" to denote its Brilliant Uncirculated (BU) mint condition. But this is not intended to keep it from being circulated if you so chose. All Brilliant Uncirculated Pietforts will be sealed in a special double thick capsule and shipped in a velveteen moneybag. And just before the Pietfort was issued, the new shallow (but not very shallow) relief obverse (front/heads) die for the Silver Liberty was issued. This ushers in a new phase for the Silver Liberty as we move towards a truly pocket friendly medium and the mass introduction of the currency to save not just our money, but also our country. So, the new shallow/wide rim obverse is Type #10 and the Pietfort is Type #11 in the Silver Liberty series. But who's counting? Unfortunately, we will all be counting our money when it comes to getting a Pietfort. Does anyone know why French things are always expensive? Be it food, wine or perfume, even the women, they always seem expensive… even if it just has a French name! And so, with silver prices nudging towards the "crossover point", where we cross over to the $20 Silver Base, and due to the nature of manufacturing the Proof and BU Pietforts with a specially marked space collar and the simple fact that the $20 Silver Liberty Pietfort contains TWO OUNCES, (approx. $15 in silver alone) the Brilliant Uncirculated Pietfort is available today at $20 to Associates and $40 to non-Associates. The Proof Pietfort in Limited Numbered Edition is $30 to Associates and $60 to non-Associates. Granted this is not cheap, but hey, it's French! No, not really! It is still the American Liberty Dollar and simply a very special piece for the collector in all of us. Now we have matching specie for each denomination of paper currency. Whatever you chose to do, I strongly encourage everyone to get at least one of each of these truly unique pieces and probably a couple extras too…Mother's Day and higher silver prices are coming. And they always will make the most unusual presents! Just as the $1 Silver Liberty is now $2 each, the Pietfort, like silver itself, will rise to astronomical prices before we see this !@#$% government returns to a balanced and disciplined budget. As history of fiat money is against us, I pray our "return to value" will not be too painful. Please take protection now for the onslaught against the US Dollar. Remember from 1919 to 1923 the price of one ounce of silver went from 12 German marks to 534 Billion in four short years, and produced Hitler. In 1979/80 silver went from $5 to $50 per ounce. And in 1995, the Russian ruble lost 60% of its value in one day! And it is still a fiat currency! Heaven help us! Buy silver. Please note that the Pietfort features the new reverse design, which is a preview to the new one ounce $20 Silver Liberty that will be issued when we "crossover" to the $20 Silver Base.

Orders are now being taken. All orders will need to be pre-paid by check, cash, money order, or credit card. Delivery will begin within 30 days. Proofs may take a little longer. Now's the time to get ready for the doubling of the Liberty Dollar and astounding inflation in America… Thank you again for your support and efforts to peacefully return America to value - one Liberty Dollar at a time. 3. New Article by the Des Moines Register "Liberty Currency Sounder than a Dollar" On March 18, 2004 the Des Moines Register featured the Liberty Dollar in an article, written by staff reporter William Ryberg. In the interest of space, I will not post this fine article but instead will invite you will read it at http://www.libertydollar.org/html/articles/Ryberg.htm. From the article: "There is no law that says goods and services must be paid for with Federal Reserve notes. Parties entering into a transaction can establish any medium of exchange that is agreed upon," said Andrew Williams, a spokesman for the Federal Reserve Board in Washington, D.C. Mike Ellis, executive director of the Berryville Chamber of Commerce, said some residents in the town of 4,400 use the money and estimates that about half of Berryville's 80 merchants accept it. "There's a whole wide range of appeal to it," he said. Liberty dollars also give Federal Reserve notes competition. That should give an incentive to the government to be more disciplined in its spending, von NotHaus said. Using Liberty dollars helps move control of money back to the people instead of government, von NotHaus said. 4. Silver Perspective by the Numbers As this Newsletter is unusually long, here is a quick re-cap of the forces and facts, which are driving the silver up, and in so doing driving the activity for the Liberty Dollar to new highs:

  1. Silver is finite. There is only so much silver on the planet
  2. Physical deficit of 150,000 ounces per year for the past 10 years
  3. Lowest inventory in history at the same time of greatest demand
  4. Contrary to gold, much silver is actually consumed when used
  5. Since WW II, government sold its 3 billion ounces below market value
  6. Only 20% of the silver is new, 80% is recycled
  7. Silver is ten times more scarce than gold
  8. Infinitely more useful, new use patented every day, 360 new uses per year
  9. Only 300 million ounces of silver exist. That's only $1.5 billion at $5 silver
  10. Best electrical conductor and best reflector of light and heat
  11. Fraudulently manipulated by the Silver Users Association since 1947
  12. Small usage of silver per item will not greatly impact retail price
  13. 80% of new silver is a byproduct of gold, copper, lead and zinc mining
  14. There are 1.5 billion ounces of silver less today than 10 years ago
  15. 600 million ounce short position is twice the amount of physical silver
  16. Inelastic supply and long lead-time to bring new sources to market
  17. 1.5 billion ounces of gold exist versus only 120 million ounce of silver
  18. In 1979/80 gold doubled while the silver price went ten fold
  19. $5/oz is the lowest inflation-adjusted price in 5000 years
  20. Not viewed as a monetary metal, duh
  21. Silver is the buy of your life
  22. Calendar for Annual National Tour The calendar for this year's Annual National Tour (ANT) is now posted on the Liberty Dollar site. Simply click on the CALENDAR button (http://tjdavis.com/bernardscalendar/) below the digital currency box. This year's tour is a month longer and rounds out at FOUR months! The focus of the tour is to visit Regional Currency Offices (RCOs) and anyone who wants to sponsor me to speak to their group. There is no cost if my schedule works for you. Otherwise, it is just the expenses. Please note this schedule is pretty green and definitely subject to change. So check it out and let me know if you would like for me to stop by.
  23. RCO Search Engine, Congress & Liberty Marketplace Need to find your RCO? The new RCO Search Engine does it in a flash! Check it out at http://www.alfii.com/rcos/nearzip.cfm. This link is simply to find. Just go to the Liberty Dollar home page. Click on RCO in the top directional bar. Then click on Find your Nearest RCO, enter your zip code and you will get a list of the RCOs within 500 miles. This search engine is now accessible by the pubic and Associates who are encouraged to place all their orders directly with your RCO and if you are not in a RCO region, then highjack your town and become a RCO! My thanks to Wayne Hicks and his son, Tony, for their diligent work on this new search engine. NEW EVENT: If you have read this far and support the Liberty Dollar, please plan to attend the first Liberty Marketplace and celebrate our 6th Anniversary in New Orleans!! October 1and 2, 2004, the birthday of the Liberty Dollar, has been set for the first RCO Congress and Liberty Marketplace. As called for in the RCO By-Laws, the Regional Currency Offices are invited and encouraged to get together once a year to elect members to the Executive Committee, resolve pending issues and network with fellow RCO for better distribution and circulation of the Liberty Dollar. Luckily, at the second Liberty University, the attendees voted to have the Congress and Liberty Marketplace in New Orleans! What a great place to be for the weekend! The Congress, which is strictly limited to one RCO representative will take place on Friday, October 1. Our first Liberty Marketplace, open to Associates, Merchants and the public who wants to come, will be on Saturday. This year's Marketplace will feature the Gallery Mint's totally awesome tabletop Mint! That' right! See the whole minting process done in miniature - up front and close. Bring your children for a rare educational event about how money is made. And take home a unique souvenir from the Gallery Mint. Luckily Joe Rust is a Liberty Associate and his partner Ron Landus are friends and have already agreed to bring their mint from Arkansas. In fact they are only seven miles from Berryville! In addition to the Gallery Mint, a speaker's corner will be set up for anyone who wants to sound off or present their goods or services. A free reception, open bar and live music will bring the whole event to a close before we head off for a late night New Orleans dinner. So please plan now to join us for a good time! If you use the Liberty Dollar and you want to have some fun, you are specifically invited to the Marketplace on Saturday, October 2. Bring your product, service, or if you just want to get together with a lot of like-minded individuals, then the Marketplace is for you. Tables are only $50 for early merchants who sign up before July 4th! The Liberty Marketplace will be open free to the public and publicized throughout New Orleans, the Internet, and to thousands who now are part of the Liberty Economy.
  24. FreedomFest Accepts ALD and Schumacher Currency Conference Announced Will wonders never cease? Mark Skousen recently informed NORFED that his famous FreedomFest would accept Liberty Dollars. So if you were considering attending this blow out event "Where Free Minds Meet" now you can pay with "real money". Although it is not clear if this acceptance includes specie, paper and digital, I would think that seems reasonable. FreedomFest will be held May 13-15,

2004 at Bally's Paris Resort in Las Vegas. Featuring yours truly and dozens of the "world's best & brightest authors, students, business people, and libertarian/conservative think tanks will meet, learn, create, and network." Mark promises to provide a potpourri of material to encourage you to attend. Plus it is only $195 in LIBERTY DOLLARS, and if you don't stay at Bally's Paris, hotel rooms can usually be found at reasonable prices. Schumacher Society announced their, "Local Currencies in the 21st Century", a conference dedicated to understanding money, building local economies, and renewing community. The conference will be held June 25th-27th, 2004 at Bard College, Annandale-on-Hudson, New York, USA. So if you happen to be on the East Coast and you want to learn how as they say, "bring the concept of local and complementary currencies to a broader audience" I would encourage you to attend. They mention an impressive list of speakers and I hope to be included. In their latest announcement they even quote Thomas Jefferson, "If the American people ever allow the banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children will wake up homeless on the continent their fathers occupied." Seems like our kind of people. Schedule updates, speaker biographies, information about books and articles on local currencies, and a list of active local currency groups, can all be viewed at: http://www.localcurrency.org. Early bird registration discounts end April 1st. Single occupancy is $327, double occupancy is $292. Group and student discounts are also available. Ten percent of attendees will be awarded scholarships. Full conference details and registration material is at http://www.localcurrency.org. I don't know if Schumacher accepts Liberty Dollar. But as always, if you don't ask, you don't get. To register on-line, visit http://www.localcurrency.org/registration/ 8. New DVD, Re-Pricing & Conference Call As the Learning Channel re-broadcasts their Making Money special and it reverberates with the Liberty Dollar, this show has quickly become the single best PR tool for the ALD. The original has been reduced to quick-paced 9-minute presentation on DVD. Now just hand a portable DVD player or Palm to your potential Liberty Merchant and in a few minutes he can grasp the potential and credibility of the Liberty Dollar. As DVD is more expensive than a VHS tape, we ask you to make a larger donation to simply cover our cost, as we are not allowed to sell copies of the show. Just call the Office at 888.421.6181 or email [email protected] to order the DVD or VHS today. ANNOUNCING new Conference Calls on Wednesdays at 9:00 PM/ET. Simply call: 978.431.1111 and enter 285 for the PIN/ext. number. When you enter the conference, please introduce yourself and where you are calling from. The Conference Call can only accommodate 30 people, so if you don't get in, try back in a half-hour or next week. Got a question, suggestion, comment, or wildassed marketing idea, please call. This is your opportunity to get the Liberty Dollar info straight from Bernard and if I don't know, we are all in deep trouble. So I look forward to hearing from you. Topics will include the DOUBLING of the Liberty Dollar, RCO Business Plan, Liberty University, growth and development of the Liberty Dollar, and anything YOU want to talk about. So please call and invite anyone who you have introduced to the Liberty Dollar to call too. The quasi-numismatic $5 Silver Liberty Dollar has been re-priced to $6.50 each. Just as the $1 Silver Liberty is now $2 each, the market is headed higher and the $5 Silver Liberty is just not viable as a currency at its Face Value. In other works it is worth more! Just another indicator we are moving on up … to the $20 Silver Base.

  1. Incident of the Month (3) Before I relate the two incidents which involved the Secret Service during March, here is the final update to "poor" Michael Martinez who supposedly sent the email subjected: Bernard von NotHaus can't and won't defend his coins. As you may recall this attack on the Liberty Dollar's credibility was launched the first of February 2004. I am pleased to inform you that it has just been confirmed that on December 12, 2003, Judge Ancer L Haggerty, dismissed the lawsuit and all related suits with prejudice. This was well before the fraudulent attach was even launched! NORFED's lead attorney did an excellent job in minimizing our costs, but this nefarious stunt still cost NORFED thousands of dollars. Again, when you hear something amiss, please share it with the Office. Incident #1: March 10, 2004: Hateful Secret Service Woman: Early in the day a banker in Atlanta called the NORFED office and complained that a Mexican, who did not speak English, tried to convert $13 Liberty Silver Certificates into FRNs. During the quick repartee with the Office, the banker swore that the US Dollar was backed up by the gold and there was no need for the Liberty Dollar. A short time later, a woman who did not identify herself, called regarding the Atlanta banker. She was hateful and grossly unfriendly to Michelle on the phone. She tried to coerce Michelle into wrongfully admitting that she had described the Liberty Dollar as "legal tender" to the Atlanta banker. Only after Michelle was adamant that was not the case, she identified herself as Secret Service Agent McCraby. [Editor note: It is unfortunate that the only two Secret Service Agents who have misbehaved in an unprofessional manner have been women.] Incident #2: March 16, 2004: A Secret Service Agent Just Happened to be There: M.E., a Liberty Associate in Tennessee, reported that he was at a store in Houston TX and used the currency. As ill luck would have it, Secret Service Agent John Eelie just happened to be there and started asking M.E. some questions about the currency. The Agent was very friendly so M.E. gave him a brochure and also told him all about the new currency. After M.E. and the Agent had exchanged contact info the Agent said that he would be doing an investigation into The Liberty Dollar. I hope he learns the truth. Please know that NORFED's policy is not to engage the Secret Service or any government official regardless of how friendly they appear. Our stated policy is "Don't kick a sleeping dog." You just never know what might happen. Simply be "cooperative" and remember federal statue 18 USC 1001 is so written that it is all but impossible to answer any question from a federal official without being guilty, if they so wish. So be "cooperative" be "friendly" just don't say anything as is your Fifth Amendment Right, please.
  2. Question of the Month QUESTION: Bob Miglarese asks, "Is the Liberty Dollar currently accepted for grading and certification by any of the reputable grading services such as PCGS, NGC, ICG, NTC, or ANACS? If not, is this something being pursued?" ANSWER: No to both questions. As The Liberty Dollar is a currency and not a collector's item, there is absolutely no interest in third party grading service. As a courtesy to the trade, some numismatic information was provided in the Liberty Dollar book and current info can be found on the web site.
  3. Liberty Associate of the Month Many people have been a tremendous help to the Liberty Dollar. And some time ago we acknowledged Jim Thomas who was publisher of Media Bypass, and the National Coordinator when the currency was introduced. So who was that other figure who played such a vital role in the early months of the Liberty Dollar? Who was the most difficult, questioning individual that became one of our most notable supporters? That person and our Liberty Associate of the Month is none other than the author of The Creature from Jekyll Island, G. Edward Griffin. Ed is not only a good writer but he is one heck of a researcher too. And after months of digging, he came to the same conclusion that many are coming to

now. And that is The Liberty Dollar is a genuine solution to the Non-Federal, Non-Reserve money and the gross invasion by the federal government. So it is an honor to acknowledge my good friend, and one of Liberty Dollar's best friends, Ed Griffin. Thank you Ed for your help, support and efforts to grow the Liberty Economy towards those goals we hold in common. 12. Quote of the Month "A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves money from the public treasure. From that moment on the majority always votes for the candidates promising the most money from the public treasury, with the result that a democracy always collapses over loose fiscal policy followed by a dictatorship. The average age of the world's great civilizations has been two hundred years. These nations have progressed through the following sequence: from bondage to spiritual faith, from spiritual faith to great courage, from courage to liberty, from liberty to abundance, from abundance to selfishness, from selfishness to complacency, from complacency to apathy, from apathy to dependency, from dependency back to bondage." Alexander Tyler - written when the thirteen colonies were still a part of England. Closing Remarks: Now as we verge on the doubling of the Liberty Dollar from the $10 Silver Base to the $20 Silver Base, there is a new doubling, which is rarely mentioned. And that is the doubling of the Liberty Dollar business. It seems that people are waking up to the fact that the US dollar is going down and that silver is going up. The combination of these two doubling may make for a perfect solution. Please nudge your Doubting Thomas friends off the fence and into accepting the fact that we can have a value-backed currency if we simply start using it. Please call NORFED or your local RCO and get your questions answered. It is truly fun to use the new gold and silver currency! Many thanks to all the RCOs, Liberty Associates and Merchants 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" that we will 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