Federal agents have raided sites in Idaho and Indiana linked to the “Liberty Dollar,” a silver coin used by groups that oppose the Federal Reserve System and the federal income tax, a newspaper reported.
Basically, some people that oppose the federal reserve system have been minting these “Liberty Dollar” coins on silver and gold. Since no stores accept them and they’re not considered legal tender, I don’t really see how the fed is going to prosecute this as a crime. Now, I’m willing to entertain explanations, because I really don’t get this one. What exactly is illegal about me starting up a minting operation and cranking out what amounts to pretty pictures stamped on precious metals?