Monetary expert Thomas Greco writes a letter to Bernard von Nothaus, founder of the Liberty Dollar, which recently was visited by the U.S. Government. Greco has been working at the leading edge of economic and financial restructuring. Last year he traveled throughout the world lecturing and working with various communities to set up community curencies. He has also addressed the International Reciprocal Trade Association (IRTA) about the commercial barter industry’s unique oppoetunity to be a major savior of the coming currency crisis, IF they were united and using a common currency.

Bernard von Nothaus is the founder of the Liberty Dollar. It’s distributed by Liberty Services (formerly known as NORFED) based in Evansville, Indiana. The U.S. Government (FBI & Secret Service) on November 15, 2007 confiscated gold & silver certificates from the company stating the actions was in the interests of not confusing people by allowing them to think they (the certificates) were legal currency.

In this missive Greco suggests to Nothaus the answer to the coming global financial crisis.

To: Bernard von Nothaus

From: Thomas H. Greco, Jr.

Wednesday, January 02, 2008

Hi Bernard,

I see you’ve had your hands full dealing with government harassment over
your Silver Liberty “coin.”

Sorry to see your energies diverted like that, but maybe some good will come
of it, you have a talent for getting people’s attention and raising their
awareness.

As you know from our past discussions, I don’t see silver or gold as viable
exchange media, but I DO see them as:

1.. a useful store of value and inflation hedge, and
2.. possibly serving as non-political, concrete measures of value and
units of account. I would prefer a “market basket” of commodities for that
purpose but, as I told the Gold Dinar conference in Malaysia last July
GRECO precious metals might serve as interim standards.

When the global financial crisis reaches the acute stage, we can be sure
that the international banking establishment will come forward to offer
their own “solution,” which in reality will effect a further tightening of
the chains upon the people. At that point, we need to be ready with a real
solution.

That real solution, in my opinion, will be an extensive (eventually, global)
network of locally controlled credit clearing exchanges that will be using
an independent unit of account. That unit could, perhaps, be a specified
weight of silver, and what better weight specification than the silver
content of the U.S. dollar as specified in the original coinage act of the
U.S. Congress, i.e., 371.25 grains of fine silver. That unit should appeal
to widely diverse political and economic viewpoints in the U.S., as well as
internationally.

A silver coin minted to that specification would be useful in establishing
that standard. It need not be used in daily commerce, but it will be traded
sufficiently to establish its value on a daily basis relative to political
currencies like the Federal Reserve dollar, the euro, the yen, etc.

In retrospect, you might have been more effective in achieving your basic
objective, and encountered less harassment by the Federal government, if:

1.. your silver coins had been designed to look less like the silver coins
historically issued by the United States Mint, and
2.. you had avoided using the word "dollar," and the dollar sign ($) on
the coins, and
3.. you had called the coin by a different name and denominated it in some
other unique unit, say a "liber."


So that is my proposal. Would you be willing to move in that direction?

Best wishes for success in the New Year,

Tom

Thomas H. Greco, Jr.
P. O. Box 42663, Tucson, Arizona 85733
520-820-0575.
thg@mindspring.com
Website: MONEY
Blogs: Beyond Money: http://beyondmoney.wordpress.com;
Tom’s News and Views: http://tomazgreco.wordpress.com

To stay abreast of the worldwide commercial barter industry see: BARTER

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