The latest newsletter, which appears genuine, indicates that the national office of the Liberty Dollar is suspending operations until the legal case has been settled. This does not greatly affect the New Hampshire silver businesses, which remain in operation.

LIBERTY DOLLAR NEWS:
July 2009 Vol. 11 No. 07

Dear Liberty Dollar Supporters!

1. Liberty Dollar - Ambushed & Closed

It is with a very heavy heart that I regret to inform you that I have suspended (closed) the Liberty Dollar operation… until I am acquitted.

Trust me, after 23 years of research and development plus almost 11 years of practical application in the marketplace, I did not make this decision easily. When I discovered that the FBI had issued an arrest warrant for me, I "self reported" i.e. turned myself in to the US Marshals on June 4, 2009. After I was booked and made a very quick court appearance in Fort Myers, Florida, I was released on an Appearance Bond with certain terms such as: don't violate any laws, call every Tuesday, fax a report every month, etc. But when I made my "Initial Appearance" in the US District Court in Charlotte on July 6, 2009, I was ambushed by the DOJ Prosecutor with FBI Agent Romaguolo grinning by his side. At the Prosecutor's insistence, Judge Cayer issued an Oral Order: (Restricted)Setting Conditions of Release with additional condition: * Defendants shall not circulate or aid in the circulation of any coins or currency in relation to the Liberty Dollar Operation* by Magistrate Judge David S. Cayer on 7/6/09. Please note this is not exactly what the Judge said in court, this is the written record, so upon leaving the courtroom I thought the Liberty Dollar was still secure even though the Judge's wording was vague. But it should not be any surprise to you that vagueness could be deliberately used against me. Plus I initially thought that if I was incarcerated, I could bail out, but that turned out to be impossible. While the Eighth Amendment states: "Excessive bail shall not be required…," it does not specify that a bail must be set. So the US Congress passed a law that permits Federal Courts to set no bail. The US Supreme Court has upheld that law as Congress legally passed it. The simple truth is that Federal Courts in North Carolina do not set any bail. If you are arrested for a federal offense in North Carolina you are either out on an Appearance Bond or you sit in jail until your trial, which is usually over a year for serious offenses such as counterfeiting and murder. Given such a stern "choice," I "chose" the Appearance Bond with all its encumbering terms and am forced to close the Liberty Dollar until I am acquitted. I trust you can commiserate with my "decision."

My most heartfelt thanks for your support of the Liberty Dollar at its hour of need and in face of such uncertainty. You have been WONDERFUL and I am deeply grateful for your support.

With your continued help we can win this case!

I am represented by: Deke Falls

Kevin Innes is represented by: Claire J. Rauscher

Sarah Bledsoe is represented by: Joe von Kallist

Rachelle Moseley is represented by: Matthew Pruden

2. Pending Orders

I regret that your pending order is delayed. We are pursuing legal action so we can fill all orders placed before the Judge issued the Oral Order. I will contact you if you placed an order after the Oral Order of July 6. Your continued patience would be greatly appreciated as we give this our best shot. IF YOU PAID WITH A CREDIT/DEBIT CARD - PLEASE DO NOT CHARGE BACK OR CANCEL YOUR ORDER WITH YOUR CARD COMPANY… AS THIS WILL HAVE A DISASTROUS EFFECT ON THE LIBERTY DOLLAR. If you must cancel your order, please email me Editor@LibertyDollar.org and I will contact you personally. We are working on this matter and will resolve it ASAP. I will also send an email to you as soon as I know when you can expect your order.

...

Thank you again for all your efforts to return America to value - one dollar at a time!