From GATA

Feds raid Liberty Dollar and seize and freeze everything

10:15a ET Thursday, November 15, 2007

Dear Friend of GATA and Gold:

The Liberty Dollar organization announced this morning, via the letter appended here, that federal agents today raised its offices in Evansville, Indiana, and confiscated all its property and equipment.

This moves seems extraordinarily bold considering that Liberty Dollar's right to operate already was being litigated in federal court.

Let's hope that Liberty Dollar soon can force the government to answer in federal court for today's action.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

* * *

Liberty Dollar Company Announcement
Thursday, November 15, 2007

Dear Liberty Dollar Supporters:

I sincerely regret to inform you that about 8 this morning a dozen FBI and Secret Service agents raided the Liberty Dollar office in Evansville, Indiana.

For approximately six hours they took all the gold, all the silver, all the platinum, and almost two tons of Ron Paul Dollars that were just delivered last Friday. They also took all the files and computers and froze our bank accounts.

We have no money. We have no products. We have no records to even know what was ordered or what you are owed. We have nothing but the will to push forward and overcome this massive assault on our liberty and our right to have real money as defined by the U.S. Constitution.

We should not be defrauded by the fake government money.

But to make matters worse, all the gold and silver that backs up the paper certificates and digital currency held in the vault at Sunshine Mint has also been confiscated. Even the dies for minting the gold and silver Libertys have been taken.

All this has happened even though Edmond C. Moy, the director of the U.S. Mint, acknowledged in a letter to a U.S. senator that the paper certificates did not violate Section 486 and were not illegal.

But the FBI and Secret Service took all the paper currency too.

The possibility of such action was the reason the Liberty Dollar was designed -- so that the vast majority of the money was in specie form and in the people's hands. Of the $20 million Liberty Dollars, only about a million is in paper or digital form.

I regret that if you are due an order, it may be some time until it will be filled, if ever. It now all depends on our actions.

Everyone who has an unfulfilled order or has digital or paper currency should band together for a class-action suit and demand redemption. We cannot allow the government to steal our money.

Please don't let this happen.

Many of you read the articles quoting the government and Federal Reserve officials saying the Liberty Dollar was legal. You did nothing wrong. You are legally entitled to your property. Let us use this terrible act to band together and further our goal -- to return America to a value-based currency.

Please forward this important alert so everyone who possesses or uses the Liberty Dollar is aware of the situation.

Please go here to sign up for the class action lawsuit and get your property back:

http://www.libertydollar.org/classaction/index.php

Thanks again for your support at this darkest time as the damn government and its dollar sinks to a new low.