Archive for March 21, 2011

“Outlaw Money” in North Carolina

Posted: March 21, 2011 by datechguy in economy, oddities
Tags: ,

Episode 51 of the old Robin Hood TV series from the 50’s was called “Outlaw Money”. In the episode the Sheriff arranges for the arrest of the person in charge of minting coin for Nottingham and replaces it with his own man who mixes in base metal for silver coins while the Sheriff pockets the difference. Robin and his band hijack the new coin dies take them in the forest, and sheltering the old mintmaster provide silver mint their own coins and distribute them to the poor. When Friar Tuck is arrested for passing counterfeit money at the trial the mintmaster (disguised as the inspector from London) appears and notes that the “counterfeit” coins have the right amount of silver and the regulation coins do not, foiling the scheme.

I couldn’t help but remember that episode when reading this story:

The leader of a group that marketed a fake currency called Liberty Dollars in the Asheville area and elsewhere has been found guilty by a federal jury of conspiracy against the government in a case of “domestic terrorism.”

I found this interesting:

The silver medallions were produced by a private mint in Idaho on behalf of Evansville-based Liberty Services, which also issued paper notes the group said were backed by silver reserves.

During the raid, about a dozen agents seized nearly two tons of coins that featured the image of Ron Paul, a Texas congressman. They also took about 500 pounds of silver and 40 to 50 ounces of gold, as was paper currency and other metals.emphasis mine

Two quick thoughts, Ron Paul? Passing currency with the image of Ron Paul? Paul fans have always seemed a bit messianic about him but this is ridiculous.

Secondly, on the law I think the conviction is correct but describing his as a “terrorist” is a bit much.

Silver if I’m not mistaken is trading at $20 an ounce or so $160,000 in silver and gold is going around $1500 so say $750,000. So that means that this guy was actually putting his money where his mouth was backing this stuff.

It’s an odd thing when you have “counterfeit” money backed by actual precious metals while the US dollar is backed by…faith?

Ironically Paul has a hearing coming up on Bullion.

Advertisements

One of the side effects of the move of my show to Saturday Mornings has been a disruption in my faith life.

My parish has confession at noon on Saturdays. Since the show moved to 10 to noon I haven’t had the chance to go to confession there or at my normal backup confession spot.

During the time I missed confession I was in a car accident, I lost almost two weeks of door to door and ad sales for the show slumped despite the station’s acquisition of the Boston Red Sox and the fact that my show will be leading into it.

This week due to BC Basketball the show was preempted for one hour. Because of this I got home just before noon and decided to go to confession while I had the chance.

Since that day my car turned up ready 4 days early, my wife picked up a full-time job and I’m had more sales today than I had the entire month of March.

Make of that what you will.

Ladd Ehlinger Jr. explains the rules to candidates everywhere. There are two points of his ten that should be in the front of the mind of any political campaign.:

1. It’s a Marketing Campaign, Stupid

Just because the common nomenclature is “political campaign,” it doesn’t change the fact that you are embarking on a short-term marketing campaign.

Your stand on the issues matter little if no one knows who you are. Obviously, you can use your stand on the issues to help increase name recognition. But this is only one small component of the big picture. You are running a marketing campaign so people will investigate your stand on the issues. Don’t put the cart before the horse.

And yes I’m biased on this next one:

Special Tip: Never distinguish between Bloggers and “Real Media.” There is no demarcation anymore, unless you are running for head caveman in the Neanderthal era. Social media is the new battleground, and you have to take that hill, too.

Keep that last one close to the heart.

At least according to Dan Riehl at Riehl world view who recalls an old Sullivan Post per election concerning Barack Obama:

On October 27, 2008, Andrew Sullivan posted: The Top Ten Reasons Conservatives Should Vote For Obama. Given all this playing out today, I thought I’d go back and have a look.

It’s high comedy but let me explain something. It’s my opinion Sullivan’s turn on Bush had everything to do with Bush’s position on Gay Marriage, it was after that point where Sullivan really started changing his tune and it was the (likely correct) belief that Obama was paying lip service to actual marriage during the campaign that made the difference in the other direction.

But as Glenn Reynolds points out the rubes are self identifying, but never fear. As soon a there is an actual Republican challenger to Obama all of our friends on the left who are beating their breasts today will support him, Mendoza line or no.

Update: Stacy Links and comments seem to agree with my Sullivan assessment, Oh and BTW the Mendoza line is a baseball term referring to hitting .200.