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NORFED Liberty Dollar Newsletter - October 2005

LIBERTY DOLLAR NEWS: October 2005 Vol. 7 No. 10 CALL TO ACTION: Welcome new readers, Associates, Merchants and RCOs! No shortage of news! Please read how the Liberty Dollar may double in the next 30 days. The new State Monetary Initiative brings a very positive approach to returning individual states to a gold and silver currency. Great feedback on Liberty Dollar University, economics, gang-buster conference in Atlanta, and Geocaching to boot. Please read this whole Newsletter. Share it with your fellow Americans. And get ready for the new $20 Silver Base Currency - thereby demonstrating what "inflation proof currency" really means! TABLE OF CONTENTS:

  1. Liberty Dollar About to Double?
  2. State Monetary Initiative
  3. US National Debt Clock
  4. Atlanta Freedom Conference
  5. Liberty Dollar University 7
  6. Treasure Hunting by Geocaching
  7. Welcome Kit for new Merchants
  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. Liberty Dollar About to Double? Please note: To more accurately represent the Liberty Dollar's move from the $10 Silver Base to the $20 Silver Base, the term "crossover" has been changed to "moveup." Evansville, Indiana. The Liberty Dollar organization announced that on Tuesday, October 25, 2005, the 30-day moving average (30DMA) for silver moved over $7.50, and the Liberty Dollar entered the 30- consecutive-calendar-day slot to Moveup to the $20 Silver Base. Bernard von NotHaus, the Monetary Architect who designed and developed the Liberty Dollar, considers this Moveup to be the second most important event after the actual introduction of the currency, just seven years ago. As has been widely discussed and anticipated by many supporters of the Liberty Dollar, the new gold and silver currency now appears to be set to double, if the 30DMA stays over $7.50 for 30 consecutive calendar days. The Liberty Dollar entered the 30-day slot twice in 2004, but the price of silver retreated and the currency did not Moveup. And while this was met with disappointment by many, Bernard acknowledged that he was relieved that his econometric feature worked just as it was intended to work. Will the Liberty Dollar Moveup this time? It would appear so. With prices zooming along, the housing bubble threatening to burst, a costly war raging out of control, and a new Fed governor on the horizon, there seems little hope that the US Dollar will ever regain any backing. And as chance would have it, the US national debt also exceeded $8 trillion US Dollars on Tuesday, October 25th. Bernard adds a bit of levity as he explains that he is sure that the Liberty Dollar will double now that he just spent a ton of money on a new batch of $10 base Silver Certificates, which will now become wallpaper. All existing Liberty Dollars, regardless if they are in silver, paper or digital, will double when the 30DMA exceeds $7.50 for 30 consecutive calendar days. Is this much-anticipated doubling some kind of devaluation or scam? No, it is simply the result of the Liberty Dollar responding to the market as it was designed to do. Listen: Doesn't it just make sense that when the commodity that backs up the currency increases in value, shouldn't the purchasing power of that currency increase in value?

Absolutely. And isn't that the essence of an inflation proof currency? Of course. In fact, that is the only way that higher commodity prices can be accommodated by a free market currency. I can remember when I could buy four gallons of gasoline for a buck. At that time, the dollar was backed by silver. Well guess what? I can still buy four gallons of gas for about the same amount of silver. So the price of gas has not gone up; it is the value of the government's little pieces of green paper that has gone down. This proves that silver holds it value. So please don't be deceived when you hear the word "inflation." There is NO INFLATION! It is THEFT. Theft of your purchasing power. As the government in cahoots with the Federal Reserve has diluted the value of the US Dollar, your purchasing power has been stolen. Please don't be deceived by the spin put out by the government's economic whores. Please acknowledge the theft and protect your all-important purchasing power by using the Liberty Dollar - already America's second-most-popular currency. Trust me! You must protect the purchasing power of your money because the government can't. They don't have any real money! So if the 30DMA holds for 30 days, the Liberty Dollar will double on Thanksgiving Day, Thursday, November 24! WOW…what a day to give thanks as we take a bold step toward returning our great country to value. But of course, the Liberty Dollar office will be closed that day and as is the custom, the office will also be closed on Friday, November 25 and the weekend. So Monday, the 28th will be the first day to exchange your $10 Silver Base currency for the new $20 currency. Please note: All digital Liberty Dollar accounts will double automatically on Friday night, November 25th. There is no cost to exchange the paper Silver Certificates at your Regional Currency Office (RCO) or via the National Fulfillment Office in Evansville as soon as the new $20 Silver Base certificates can be printed and distributed. Just remember that the paper currency will not be printed until the currency has actually moved up to the new $20 base. Of course the old $10 base Silver Certificates can be surrendered for redemption at any time before the 20-year expiration date. There is a fee to exchange the one ounce Silver Libertys because they must be reminted. To thank the current supporters of the Liberty Dollar, the $3.00 reminting fee will be reduced to only $1.50 per Silver Liberty until January 31. So it will only cost you $1.50 to double your money if you are holding Silver Libertys. Starting February 1, 2006, the reminting fee will be $3.00 per one ounce Silver Liberty. Please take action and a big dose of patience as we all work our way back to value and Moveup to the $20 Silver Base. PLEASE INCLUDE PAYMENT FOR THE REMINTING FEE AND SHIPPING WHEN YOU SHIP SILVER LIBERTYS TO YOUR RCO OR THE EVANSVILLE OFFICE. OTHERWISE THOSE FEES WILL BE TAKEN OUT OF THE LIBERTY DOLLARS YOU SUBMIT FOR EXCHANGE. ALL PAYMENTS MAY BE MADE IN "USD" OR "ALD." Want to double more of your money? Don't wait! Assuming the 30DMA stays above $7.50, you have until noon on Wednesday, November 23 to get Liberty Dollars at the $10 base and double your money. Don't be deterred by "no man's land" of very thin margin during these 30 days. Please take action before silver goes up and make it easier on the office too. Remember the Moveup Point was specifically designed to be difficult to attain, because a study of the silver market is a study of volatility. One of the main problems encountered in designing the new free market Liberty Dollar was how to accommodate silver's free-market behavior. The solution was (1) to develop the Silver Base and tie it to the currency's face value, and (2) to tie the Moveup Point to 30DMA of silver verses the spot price. This brings the "time factor" into the equation and induces a stabilizing effect. When the $10 Silver Base (one Troy ounce of .999 fine silver backs $10 Liberty Dollars) moves up to the new $20 Silver Base (one Troy ounce of .999 fine silver backs $20 Liberty Dollars) the first working model of an inflation proof currency -- owned by the people who use it - will have made a major step forward.

As the Moveup Point is very important, the Liberty Dollar uses an independent, third party source for its 30DMA so there is a definitive point that is readily available and easily verifiable by everyone. Just like the monthly audits, there is total transparency for this econometric stability-inducing feature of the Liberty Dollar to protect it from the erratic actions of a free silver market. You can follow the 30DMA and watch it develop by simply going to ScotiaMocotta at http://www.scotiamocatta.com/prec/pdfs/pm_daily.pdf. The 30DMA silver is at the bottom of page three. Interesting side note: the Mocatta family name dates back to the early 1600s, and was one of the founding families 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 the London Metals Exchange (LME) silver prices, which are different from the New York Commodity Exchange (COMEX). For further info regarding "What happens when silver goes over $10 an ounce?" and the two previous times that the 30DMA was over $7.50, please visit http://www.libertydollar.org/html/silverover10.asp. And for additional info about silver, please contact David Morgan, a fellow Liberty Associate and the "Silver Guru" who agrees that silver holds an incredible potential for you and our country. "I became a Liberty Associate because I like the Liberty Dollar. It makes economic sense and using it is the right action for our country. We need a currency backed by real substance, backed by gold and silver. Real money for real Americans." David contributed the silver chapter in "The Liberty Dollar SOLUTION to the Federal Reserve" 500-page treatise and currently publishes "Silver Investor" an outstanding monthly newsletter that is available at http://www.silver-investor.com. 2. State Monetary Initiative Editor's note: Due to the length of this important Initiative, here is just the opening statement. Please click on this link for the complete document: http://www.libertydollar.org/html/RCO State Monetary Initiative.asp State Monetary Initiative "A private solution for a public problem" Preamble Given the People's concerns about the loss of purchasing power of the US dollar, their interest in a secure inflation proof currency, and the States of New Hampshire and Nevada's recent monetary initiatives in addition to other concerned Americans action, the supporters of the Liberty Dollar offer this "State Monetary Initiative" (SMI) based on the Regional Currency Office (RCO) business plan as a legal, viable, and proven solution for all concerned parties to consider. Whereas during the past seven years the Liberty Dollar has exemplified a proven solution in competition to the current debt based notes issued by the Federal Reserve, the Liberty Dollar organization now offers a positive State based solution by providing each State with its own coinage. The new State based currency will have the same "unit of accounting" as the Federal Reserve Notes and will function in parallel on a one-to-one basis within the current economic system. This State Monetary Initiative is scalable and designed to establish an interrelated national monetary system that is compatible with the banking system within each State and between the States. In other words, as the private gold and silver currency grows in each State, it can be eventually adopted by each State, as the official currency and can return our great country to a sound monetary system based on value. PS: Since the SMI was announced in commemoration of the 7th anniversary of the Liberty Dollar on October 1st, RCOs in 18 States and Puerto Rico have signed up to get the private labeled Liberty

Dollar with their state engraved on the new state currency. In fact, Alfredo Pacheco of Puerto Rico has already issued the Puerto Rican Liberty Dollar at a gala event that I attended and was featured on the TV evening news. The 18 States that have taken a stand to protect the people from inflation are: New York, Michigan, Washington, Texas, Mississippi, Connecticut, Florida, New Mexico, North Carolina, Indiana, California, Massachusetts, North Dakota, Idaho, Pennsylvania, Colorado, Illinois, and Georgia. Please find out more about this exciting new development by reading the complete article at: http://www.libertydollar.org/html/RCO%20State%20Monetary%20Initiative.asp. 3. U.S. National Debt Clock At the same day that the Liberty Dollar entered the 30-ay slot to Moveup to the $20 Silver Base, the national debt also ticked over $8 trillion. The outstanding public debt as of October 26, 2005, at 09:26:36 PM GMT was: $8,015,871,212,226.80. In just one day it increased over $15 billion dollars, far exceeding the average of $1.63 billion per day since September 30, 2004! With an estimated population of the United States of 297,538,551, each man, woman and child's share of the debt is $26,940.59. Our children are literally born into debt! And it is getting worse. Soon it could be outright slavery instead of individual rights…if we don't do something soon. Only two years ago, the debt surpassed a "mere" seven trillion dollars. My heartfelt thanks to Ed Hall for exposing our country's national debt with his Debt Clock. Please visit the Debt Clock at http://www.brillig.com/debt_clock/. And for further info, please visit: http://www.publicdebt.treas.gov/opd/opd.htm#history 4. Atlanta Freedom Conference My friend and fellow "freedom fighter" Peymon Mottahedeh is hosting the Atlanta Freedom Conference in Atlanta on November 12 & 13 at the Hilton Garden Inn at the Airport Millennium Center. Please attend this very special event featuring an impressive list of national figures including Ted Gunderson at Saturday's banquet. For special hotel rates and all the info, please call Peymon at 760.868.4271 or www.livefreenow.org. 5. Liberty Dollar University 7 The best information about what you get at a Liberty Dollar University is straight from the people who were there. Here are three quick statements about the recent LDU-7. If you are serious about doing something about this country's money and getting paid to do it… please consider coming to LDU-8 in Pensacola, Florida, January 18-22. While LDU was originally a "training ground" for new RCOs, it is now a "proving ground" for Associates who want to check out the RCO model before making the commitment. Peter H. McCandless, Ph.D. and a new RCO applicant from Kansas City reports: I didn't know quite what to expect at Liberty University. I chose to attend because I understood the concept of silver-backed currency but needed to learn just how to put it into circulation. I learned from RCOs from all around the country as well as from Bernard about how to approach local merchants with a plan that can enhance their business. Bernard says, "Make money, do good, and have fun," and he certainly exemplifies that attitude. I came away with a host of practical ideas and a real desire to get out there in my community and be a successful RCO. Last but not least, I came away with several new friends who share similar values and a strong determination to set this country on the path toward correcting the financial fraud imposed upon us through the Federal Reserve and the IRS. Matthew Pitagora, RCO in San Jose, California, filed this report:

LDU-7 was an uplifting, motivational and educational event for me. You never know what will happen when you spend the Liberty Dollar, and how you will be inspired toward new marketing ideas. Had I stayed home, I would have been neither educated, nor inspired. I look forward to co-hosting a LDU in California. Tom Weber - the new RCO in Skokie, Illinois reported: LDU-7 was an eye opener! Meeting 20 others who are committed to the success of the Liberty Dollar and already taking action humbled me. Everyone I met was excited and eager to learn and more importantly eager to share their successes and failures. The long-term RCOs were very helpful in answering my questions and getting me up to speed. The three-day seminar itself was well worth the trip. The presentation that Bernard and the other RCOs gave on the RCO business - from legal to sales - helped me a lot. I appreciated the emphasis on how to build community acceptance, as it is vital to my success as an RCO. Plus I got the inside scoop on the exciting future of the Liberty Dollar. Wow! This is going to be a great year. I walked away from LDU-7 having two things firmly in mind. The business potential of the Liberty Dollar is huge. The future of America could very well depend upon the success of my, and the other RCOs, Liberty Dollar business. I will see you at LDU-8! And looking forward to hosting LDU-11 in Skokie in October! Editor note: So do you want to "Make money, do good, and have fun" with the Liberty Dollar? Please plan now to join us at Liberty Dollar University - 8 in Pensacola, Florida, January 18-22. Arrive by 6:00 PM on Wednesday for Meet/Greet and fly out on Saturday afternoon after an exciting time. LDU is open to any Liberty Associate for $200 or free for any current RCO. In addition to an outstanding LDU, Kevin Innes the Asheville RCO who hosted the University, arranged a press conference and the Liberty Dollar was featured on the evening news during the Meet/Greet! WOW… great timing and a terrific time was had by one and all. Thank you Kevin! 6. Treasuring Hunting by Geocaching Noted Michigan RCO Ron Goodger reports: Geocaching is a new "sport"/hobby that can be very effective in promoting the Liberty Dollar, and with enough participation from LD supporters from around the country, it should easily make the local news, promoting the LD even further. Go to www.geocaching.com for a detailed explanation of how it works. Very briefly, it is using a handheld GPS unit to locate a hidden cache. The unit gets you within 30 ft or so and then it is like an Easter egg hunt to find the cache of Liberty Dollars. By hiding caches with LD in them I have fueled interest in my area. I have had several caches found already and folks are furiously seeking the others. Go to the link above and type in zip code 49031 at the top right to get a listing of caches that include my Silver cache #2 & #3. Click on the cache name to read the details. When compared to the cost of running an ad, giving away a few LD in this manner is relatively cheap advertising, especially if you can get the local news to do a story on it. I expect a total frenzy of "treasure hunting" in this area to find my caches. The latest report on an as-yet unfound cache says, "From the looks of the ground, either this is a very active deer run or there have been others looking but not logging their DNFs (Did Not Find). Take my word for it, this location is NOT a "very active deer run." 7. Welcome Kit for new Merchants Please note that a new Welcome Kit has been created for Liberty Merchants. Please contact the Office

for info and Kits. 888.421.6181 or [email protected]. 8. Letter / Article to the Editor We didn't receive any Letters or articles for posting. If you have a commentary or info to share that pertains to the Liberty Dollar, please send it in. Thank you. 9. Success Story / Incident of the Month I am happy to report that there are no Incidents to report. Rich Angell, The Sovereign Angell, Missoula, Montana, filed this amazing Success Story: Mon Histoire du Liberty Dollar The main reason I have refrained from submitting my "Liberty Dollar success story" is because success has been such the norm as to leave me at a loss picking just one success story. Indeed, my success rate has far surpassed my initial expectations. When I made my initial exchange of non-Federal no-Reserve "money" of a few hundred dollars, I figured I'd spend the Liberty Dollar "eventually," and at worst (ha!) be in possession of silver; however, I found it so readily accepted that I soon found myself nearly out and desperately awaiting my next and much larger shipment of Liberty Dollars before my next trip, lest I -- heaven forbid -- find myself out on the road without real money. Indeed, my greatest challenge has been to obtain them faster than I spend them. It all began in Sunnyvale, California, at a Tax Freedom Rally in summer 2003. I had just reread G. Edward Griffin's "The Creature from Jekyll Island," so I was more than ready to jump at the opportunity to get involved with the real money that was being exhibited and exchanged for Federal Reserve notes. I was tempted to "buy" one on the spot, until I read in the literature that I could pay a mere $250, become an associate, receive $100 in Liberty currency, get the money at a discount from then on, and then be rewarded monetarily for referring others to do the same. This was perhaps the biggest "no-brainer" I had ever encountered. And as I stated before, it has exceeded my expectations from the outset. At this point, I'd like to share just two of my myriad successes. 1.) My dentist, a cranio-facial specialist in Alameda, California, who is a pioneer in his field, has been working on me for years aligning both my teeth and jaw with outstanding results. (See http://www.dentalphysician.com/.) To date, he has accepted the Liberty Dollar for payment in full for each visit. That means hundreds of dollars. In addition, I usually have fun educating the staff and other patients, and showing off the currency. It's the easiest "conversation piece" I've ever known. 2.) In June 2004 at the end of my 10 month hiatus in California, I was in the early days of my month- long organic farm-hopping (see www.organicvolunteers.org and/or http://www.wwoofusa.org/) and making my way back home to Montana. I was in a fairly small Californian city off I-5, and preparing for a diversion up in the coastal mountains, with a nearly empty tank of gas. I was on such a success streak that I was denying any gas station my business if they turned down the silver. This is an easy practice in California (if one isn't pressed for time), where prepaying is the norm, and where gas stations abound. At the first gas station, the two women on duty didn't recognize the currency, etc., so they weren't going to accept it. I gave them a steely Clint Eastwood-style look and said, "If you don't accept this, I will have no choice but to give it to your competition." By the way, I often alternate this ultimatum with "...I will have no choice but to give you Federal Reserve notes." Across the street, the gas station attendant was a 21-year-old man, freshly indoctrinated in government scrawls, yet open-minded. I gave him a brochure and a little lecture insofar as he questioned me, got

$10 worth of gas, then went back inside to make sure he had no more questions before I moved on. In those days I was in the habit of buying from any gas station new to me for only $10 of gas at a time, so as to spread the joy and happiness more widely (and give those open to the Liberty Dollar more business later, should I remain in or return to the area). As I was nearing the edge of town and beginning my ascent into the mountains, it dawned on me that I still had plenty of room for gas in my tank, and that I had no idea when I might find another gas station in the mountains, so I decided to stop at the last gas station in town. The gas station attendant happened to be an Indian gentleman. His eyes nearly popped out of his head when he saw the silver. He asked lots of questions. Good and intelligent questions. His English wasn't very good, but I gave him a brochure, and made certain that he understood that this was truly fine silver, that it was lawful currency but not legal tender, and that his bank probably wouldn't accept it but that he could spend it anywhere it might be voluntarily accepted. By the time I left, I had bought $20 worth of gas (a good move, as it turned out), and had exchanged an unopened canister of 20 Silver Liberties for two $100 Federal Reserve notes. Our friend the attendant planned to send the silver to his family in India. I usually get about $1000 worth of Liberty Dollars at a time, and I've lost count of the thousands I've spent -- in at least nine of the several States of the Union, and in México -- not to mention a couple of eLiberty purchases. And I've sponsored a few associates. Unfortunately, as I write this, I've done the unthinkable. I've allowed myself to run out of Silver Liberties and I'm in between orders. The good news is that a fellow silver and liberty enthusiast (soon to be an associate) and I have recently found each other, and loosely following the fine example of our friends in Austin, Texas, we are working as a team (locally-oriented brochure and all) to convert Missoula into a Liberty-friendly city. 10. Question of the Month QUESTION: Can I send in my Silver Certificates and Silver Libertys to the Evansville Office and have them put in my digital Liberty Dollar (eLD) account? ANSWER: Yes, as all three forms of Liberty Dollars are equally transferable, you can send in any Liberty Dollars for your digital account or exchange them for any other form or denominations. Even soiled or mutilated currency can be sent in and put into your account or exchanged for new currency. 11. Liberty Associate of the Month Since Wayne Hicks started Liberty Dollar University two years ago, many people have profited from the idea to actually teach people how to become profitable with the Liberty Dollar. Of course this does not happen by accident. It takes successful people to teach LDU. And as I have gotten more involved in the last few Universities, I have had the pleasure of being a co-instructor with Kevin Innes, who is the Liberty Associate of the Month. In addition to teaching LDU and hosting the last one, Kevin has brought a lot to the Liberty Dollar - from developing a successful RCO in Asheville, NC, to traveling around and assisting other RCOs, to representing the Liberty Dollar at conferences and fairs all over the country. For all these reasons and many, many more, it is my pleasure to thank Kevin for all his dedication and congratulate him on being the Liberty Associate of the Month. 12. Quote of the Month "Inflation is the one form of taxation that can be imposed without legislation." - Milton Friedman Closing Remarks: Now with the Liberty Dollar in the 30-day slot to double - truly the second most exciting event in the history of the currency - let us take a moment to acknowledge our progress and get ready for all the exciting times to come.

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 888.421.6181