Liberty Dollars are an alternative currency that, unlike US dollars, are backed by gold and silver and can be redeemed for them. They were made and supported by Ron Paul fans, as Ron Paul is the most visible proponent of abolishing the Federal Reserve and returning to a sound money system.

Liberty Dollars were shut down by the FBI. Note to Internet businesses: the US government appears to be selectively waging war on alternative currencies. Of course, with the Internet, things can be highly distributed, this making this much harder. But I think over the next five years we will see more currency wars between central banks and the governments they own and startup virtual world companies looking to create their own economy with their own currency (like SecondLife). -- KM


The FBI will presumably follow up this assault with the seizure of all poker chips in Las Vegas as well as all credit cards and gift certificates.

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