Tuesday, October 10, 2006

Liberty Dollar Proponents say U.S. money is worth: "Zilch."

Is it sounder than a dollar?
Proponents of an alternative currency called Liberty Dollars say they know what U.S. money is worth: "Zilch."
By Michael Matza
Inquirer Staff Writer
CAMP HILL, Pa. - In a suburban house decorated with American flags and a pencil portrait of President Reagan, three men who call themselves patriots are waxing cranky about the United States.

Their anger begins with the Federal Reserve and its monopoly on America money.

"When the government owns the money, it controls the people. When the people own the money, they control the government," said Bert Olley, 84, a semiretired businessman whose basement office is a regional clearinghouse for the alternative currency called Liberty Dollars.

Privately minted in Coeur d'Alene, Idaho, and made of silver, Liberty Dollars are a hedge against inflation because they have intrinsic value, according to the Indiana organization NORFED - the National Organization for the Repeal of the Federal Reserve Act and Internal Revenue Code - which began distributing them eight years ago.

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