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I was tooling around a few investment sites and i came across what they call "The Liberty dollar" I read up on it what i could..seems the FBI has confiscated what was in the mint when they went into it just recently...It said something about ron paul allowing a new currency

this is from wikipeda
On December 13, 2007, Representative Ron Paul introduced "The Free Competition in Currency Act" in the House of Representatives. Paul said:

One particular egregious recent example is that of the Liberty Dollar, in which federal agents seized millions of dollars worth of private currency held by a private mint on behalf of thousands of people across the country...We stand on the precipice of an unprecedented monetary collapse, and as a result many people have begun to look for alternatives to the dollar...I believe that the American people should be free to choose the type of currency they prefer to use. The ability of consumers to adopt alternative currencies can help to keep the government and the Federal Reserve honest, as the threat that further inflation will cause more and more people to opt out of using the dollar may restrain the government from debasing the currency.

The bill seeks to legalize the use of currencies - including the Liberty Dollar - that compete with the Federal Reserve's United States Dollar. [23]

I guess my question is this......Is this liberty dollar just a fraud or is there something to this whole new currency thing?.
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