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Dear Friend of GATA and Gold (and Silver):
A lawyer from California, Bill Rounds, argues that
the prosecution in the Liberty Dollar case in federal court in North Carolina
misrepresented the law on private currency systems. It's an interesting
constitutional question, perhaps more interesting to those working against
manipulation of the precious metals markets because it calls attention to a
federal law at issue in the Liberty Dollar case, Title 18, Section 486, of
the United States Code, which prohibits the issuance of gold and silver coins
"intended for use as current money":
http://www.law.cornell.edu/uscode/18/usc_sec_18_00000486----000-.html
Those who argue that the U.S. government has no
interest in manipulating the gold market may have a hard time explaining the
necessity of this statute, since there is no similar prohibition in federal
law against private issuance of paper money. Why is the government so afraid
of gold and silver currency in private hands? And what surreptitious
government action might flow from such fear?
Rounds' commentary is headlined "Liberty Dollar
II -- Did Prosecutor Anne Tompkins Violate Ethics Rules?" and you can
find it at How to Vanish here:
http://www.howtovanish.com/2011/04/liberty-dollar-ii-prosecutor-anne-tom...
CHRIS POWELL
Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
www.GATA.org
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Sponsored by Deutsche Edelmetall-Gesellschaft
Friday, April 29, 2011
Hofbrauhaus, Munich, Germany
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