drbubb Posted April 30, 2007 Report Share Posted April 30, 2007 Jim Rogers warned about this. The Feds like their monopoly on money too much. = = = Feds accuse E-Gold of money laundering, unlicensed banking Submitted by cpowell on 10:49PM ET Saturday, April 28, 2007. Section: Daily Dispatches 1:45a ET Sunday, April 29, 2007 Dear Friend of GATA and Gold: The U.S. Justice Department has indicted the E-Gold Internet gold exchange service on charges of money laundering and operating an unlicensed money transfer business. The essence of the indictment seems to be a claim that E-Gold's principals knew that their service was being used for investment scams, credit card fraud, identity theft, and purchase and sale of child pornography. An official of the Federal Bureau of Investigation is quoted as speculating darkly that terrorists also might start using digital gold transfers. The Justice Department has to be left to prove its case, since without a detailed examination of the evidence, which is not yet fully public, no one outside E-Gold itself is in a position to disprove it. Still, gold's partisans may take satisfaction in what seems to be the indictment's presumption that, as a legal matter as well as a practical matter, gold is money just as much as Federal Reserve Notes are, even though the government long has been telling us to the contrary. The indictment of E-Gold coincides with the U.S. Mint's campaign to discourage use of the privately minted and circulated Liberty Dollar currency. The Mint has claimed to have a declaration from the Justice Department that Liberty Dollar currency is illegal, but apparently the government has not brought any lawsuit or criminal charges against Liberty Dollar, and Liberty Dollar has sued the government for a declaratory judgment that it is operating within the law: http://www.libertydollar.org/ld/legal/legalissues.htm The Mint's warning against use of the Liberty Dollar can be found here: http://www.usmint.gov/consumer/index.cfm?f...action=HotItems Link to comment Share on other sites More sharing options...
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