Sixteen Months and Counting

Dear Liberty Dollar Supporters!

Table of Contents:
1. LDN Publication Date Changed to sync with Conviction Date
2. Legal Update
3. Indianapolis Monthly article and Editorial
4. Jeff Kotchounian and Recent Deaths
5. Manipulation of LIBOR reeks of Gold Manipulation
6. Ron Paul's Audit the Fed bill is Approved
7. The God of the Machine
8. Roubini: 'Perfect Storm' Is Unfolding for 2013 - Worse than 2008
9. Obummercare Hands Federal Government Unlimited Power
10. How Does Gold Fare During Hyperinflationary?

1. LDN Publication Date Changed to sync with conviction date
Since October 1998, this monthly newsletter has chronicled the Liberty Dollar by providing a complete history of our struggles and successes to return American to a value based monetary system. Until now the newsletters has followed the previous month. Starting with this June newsletter, all future newsletters will be published mid-month so the newsletters will be in sync with BVNH's conviction that was on March 18, 2011.

2. Legal Update
This July 18, it will be 16 months since my conviction on March 18, 2011. While this is an extraordinary length of time between conviction and sentencing, it is not a record that I understand is two years. Most recently, and as reported last month, Noell Tin my sentencing attorney, filed a motion for recovery of my mother's silver. The DOJ reply was ferocious. Noell countered with an equally strong reply that basically said that my mother supplied everything the DOJ requested and they should put up or shut up. The DOJ then informed the court that they had no additional info. That leaves the court to resolve my mother's silver when the Judge rules on my post trial motion to overturn the wrongful jury conviction or order a new trial. These recent legal murmurings should be of great interest to the thousands of people who are still holding the paper or digital warehouse receipts and desperately need their property. Please remember that regardless of the outcome of my case, the seizure of gold and silver that backed the paper or digital warehouse receipts will eventually be returned to you. You did nothing wrong or illegal and this was clearly a wrongful seizure of your property.

Here are the four documents concerning my mother's quest for her silver:
Mother's Motion for her silver
DOJ reply
Mother's counter to DOJ reply
DOJ decline to reply

3. Indianapolis Monthly article and Editorial

I am pleased to announce that the Indianapolis Monthly just published an extraordinary article titled, Mad Money by Daniel Comiskey. It is a rather telling story about my life and efforts that fills eight pages. Click HERE for the article.

In addition to the article, Amanda Heckert, the editor wrote an interesting editorial about her own fascination about money in "Editor's Note." Please click HERE for her editorial.

4. Jeff Kotchounian and Recent Deaths
I sincerely regret to inform you that Jeff Kotchounian has died. I am sure many of you who have been closely involved with the Liberty Dollar knew Jeff as the lovable and flamboyant RCO from northern Michigan. But Jeff was much more, for more than 10 years he was the person behind the scene who supplied so much to the Liberty Dollar organization and its efforts. After the FBI raid, he continued to support the Liberty Dollar in a thousand helpful ways and issued his own Chiropractic Dollar and the Ron Paul Dollar and became the top numismatic dealer in Liberty Dollar material. Jeff was like a brother who was always there to help. I really loved that guy and miss him greatly.

Unfortunately, Jeff is not the only RCO or Liberty Dollar supporter who has died recently. While it is not possible to know of all the deaths or strive to report them, Fred Davideit, the first RCO in New Hampshire passed recently. I knew Fred too who was a retired deputy sheriff, anti-government, anti-tax activist, lived remotely and loved to collect and trade silver and gold bullion. Fred was a classic old time patriot.

John Crowe, RCO of Rupert, Idaho, passed away in Nov. 2011. John was one of the first RCOs to file a lawsuit in 2008 after the FBI confiscated his property that backed up the Liberty Dollar certificates (warehouse receipts) he was holding. As John said, "I didn't lose very much at all, about $158, but the government has no right just to seize my property." John was fighter to the very end.

Currently, my close friend Pete Hallock, the feisty RCO in Pennsylvania and his wife Donnie are both ill but holding on. I wish them the very best.

It is very sad to experience so much sadness from such a great group of fine Americans who simply refused to allow the government to steal their property without a fight. My sincere thanks to all of you who have participated.

5. Manipulation of LIBOR reeks of Gold Manipulation
The recent exposure that the all important global influencing London Interbank Offered Rate (LIBOR) - an average interest rate by leading banks in London - was fraudulently rigged by Britain's Barclays PLC bank draws a close analogy to the rigging of the precious metals market.

GATA Chairman Bill Murphy's special "Midas" commentary headlined "It Won't Be Too Long Before the Gold/Silver Market Manipulation Scandal Goes Mainstream. Big-Time." Check out these links for more info:
http://www.gata.org/node/11554
http://www.gata.org/node/11555
http://www.gata.org/node/11556

Grant Williams: If they can rig LIBOR, they can rig gold and silver: In this week's edition of his "Things That Make You Go 'Hmmm'" letter, Grant Williams argues that if the LIBOR interest rate, probably the most important financial data point in the world, could have been manipulated for so long even as suspicions about it were expressed openly, manipulation of the gold and silver markets may not be a crazy "conspiracy theory" after all. Click HERE for the complete story.

And even more insulting, if not criminal, is that the Fed knew as early as August 2007 that the LIBOR rates, the global benchmark interest rates was rigged. Following an inquiry with British banking group Barclays Plc in the spring of 2008, it shared proposals for reform of the system with British authorities.

A New York Fed spokesperson said in a statement "in the context of our market monitoring following the onset of the financial crisis in late 2007, involving thousands of calls and emails with market participants over a period of many months, we received occasional anecdotal reports from Barclays of problems with LIBOR."

It is unclear precisely what was discussed at this meeting or who attended. Among those invited, along with Geithner, was William Dudley, who was then head of the Markets Group at the New York Fed and who succeeded Geithner as its president in January 2009. Also invited was James McAndrews, a Fed economist who published a report three months later that questioned whether Libor was manipulated.

Click HERE for the complete Reuters article by Carrick Mollenkamp on July 10, 2012.

Gold is manipulated just as LIBOR was and for same reason, Naylor-Leyland tells CNBC: Cheviot Asset Management Investment Director Ned Naylor asserted that the gold and silver markets have been manipulated just as the LIBOR interest rate was manipulated, and for the same reason -- to disguise trouble in the world financial system. Looks like the gold and silver manipulation issue is becoming irresistible real.
Click HERE for Naylor-Leyland's five-minute interview on CNBC.

CNBC seems to have started to put 2 and 2 together, giving hope that eventually the business television network might add them up to 4. The network's new introduction to Cheviot Asset Management Ned Naylor-Leyland's assertion on CNBC Europe this week that the gold and silver markets are as manipulated as the LIBOR interest rate report.
Click HERE for more info.

"Jawbone of an Ass" article by the New York Sun gives one of the best reviews of how the LILBOR is much the same as the Federal Reserve rate sitting system: " So it turns out that the great scandal of the London Interbank Offered Rate has spilled over to the Federal Reserve. And concludes: But it's hard to look at the LIBOR scandal and not conclude that jawboning has its limits, as poor Samson found out the hard way.
Click HERE for the complete article.

Why Rigging the Libor Interest Rate Is a Big, Rotten Deal
Click HERE for the article.

6. Ron Paul's Audit the Fed bill is approved
The bill, sponsored by Rep. Ron Paul (R-Texas), was advanced by the committee on a bipartisan voice vote with no vocal opposition. The measure, which has garnered 257 co-sponsors from both parties, would require the Government Accountability Office (GAO) to conduct a full audit of the Fed's operations, including its monetary policy deliberations.

Unfortunately, by the time Paul's last try at this got into a final bill, even Ron Paul himself wouldn't vote for the whole bill. Click HERE for the complete article.

7. The God of the Machine
Although I read many books, I rarely recommend a book. If time permits, I highly suggest you read The God of the Machine by Isabel Paterson, published in 1943.

If you have an interest in monetary policy, or public education, or wartime economics you will find separate chapters, brimming with insight, on each area. But it is Paterson's broader ideas that made The God of the Machine a classic as it cast man as "the humanitarian with the guillotine."

The opening paragraph of one of her chapters says it best:

"Most of the harm in the world is done by good people, and not by accident, lapse, or omission. It is the result of their deliberate actions, long persevered in, which they hold to be motivated by high ideals toward virtuous ends... ...when millions are slaughtered, when torture is practiced, starvation enforced, oppression made a policy, as at present over a large part of the world, and as it has often been in the past, it must be at the behest of very many good people, and even by their direct action, for what they consider a worthy object."

Paterson's one-time protegé Ayn Rand said of The God of the Machine:

"It is a sparkling book, with little gems of polemical fire scattered through almost every page, ranging from bright wit to the hard glitter of logic to the quiet radiance of a profound understanding. Paterson's wit, logic, and understanding still cast light today, and The God of the Machine remains a source of illumination for modern readers seeking a better understanding of the preconditions for development and freedom."

8. Roubini: 'Perfect Storm' Is Unfolding for 2013 - Worse than 2008
"Dr. Doom" Nouriel Roubini, says the "perfect storm" scenario he forecast for the global economy earlier this year.

In May, Roubini predicted four elements - (1) stalling growth in the U.S., (2) debt troubles in Europe, (3) a slowdown in emerging markets, particularly China, and (4) military conflict in Iran - would come together in to create a storm for the global economy in 2013.

"The 2013 perfect storm scenario I wrote on months ago is unfolding," Roubini said on Twitter.

Chinese inflation data released on Monday, suggested that the economy is cooling faster than expected, while employment data out of the U.S. on Friday indicated that jobs growth was tepid for a fourth straight month in June.

Roubini said that unlike in 2008 when central banks had "policy bullets" to stimulate the global economy, this time around policymakers are "running out of rabbits to pull out of the hat."

Policy easing moves by the European Central Bank (ECB), Bank of England (BoE) and the People's Bank of China (PBoC) last week did little to inspire confidence in global stock markets.

"Levitational force of policy easing can only temporarily lift asset prices as gravitational forces of weaker fundamentals dominate over time," he said.

Click HERE for the complete article.

9. Obummercare decision hands federal government unlimited power
Regardless of whether you agree with the fundamentals of Obummercare, the fact that the U.S. Supreme Court has now ruled the federal government has the power to tax Americans into mandatory purchases of private industry products means an end to economic freedom in America. Why? Because it hands the federal government the power to force the American people to buy anything the government wants or face tax penalties for refusing to do so. It is the equivalent of announcing a federal monopoly over all private purchasing decisions.

Thus, Supreme Court's Obummercare decision hands federal government unlimited power that can force Americans to buy anything it wants by simply characterizing the forced payment as a "tax." Economic freedom has been crushed by Supreme Court.

Click HERE for the complete article.

10. How Does Gold Fare During Hyperinflationary?
As we all know - Inflation is a natural consequence of loose government monetary policy. If those policies get too loose, hyperinflation, i.e. an inflation rate of 50% or more in a single month, can occur. Ever wonder if gold is really good protection from hyperinflation? Or if the precious metals would keep pace in this extreme scenario? Click HERE for a quick read.

Closing Remarks:
Many thanks for your continued support. For it is only by banding together and adopting a free and independent currency that provides us with "just weights and measures" will we be able to throw off the yoke of a manipulated monetary/tax 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
Editor@LibertyDollar.org