Bernard von NotHaus was found guilty of creating and distributing counterfeit money. NotHaus minted his own “Liberty Dollars,” which ironically ended his liberties. After being involved in the National Organization to Repeal the Federal Reserve, there is no question on the man’s intentions of creating his own currency. Much like our Rebels in Silver Circle, NotHaus just wanted to protect his savings by using silver as his hedge against inflation, and it just so happens that his currency has made it into the hands of many — not just in North Caroline where he resides.
The felony charges stated that his activity had produced over $7 million in counterfeit coinage since 2005. Anne Thompson, US Attorney of NC stated, “Attempts to undermine the legitimate currency of this country are simply a unique form of domestic terrorism.” Although she also did mention that the activities were not violent, she included they brought a threat far greater to the economy which to her is equivalent to terrorism.
In this week’s four days of defense testimony, von NotHaus maintained that his “medallion” was not legal tender. He said each piece contained the NORFED name and telephone number, but the government pointed out that the silver pieces bore a very strong resemblance to legal U.S. tender coins.Published in