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William Anderson is an associate professor of economics at Frostburg State University. He blogs at Krugman-in-Wonderland. ... See All Posts by This Author

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William L. Anderson

Defining “Terrorism” Down

Can a silver coin undermine a nation?

In this politicized age, government officials are constantly expanding the meaning of “terrorism.” Once upon a time a “terrorist” was someone who killed or attempted to kill unarmed civilians in a surprise attack that was meant to make a political statement or to undermine a political regime.

That was then. Today, according to a federal prosecutor, a “terrorist” can be someone who privately creates and circulates a silver coin adorned with the dollar sign and denominated in dollar amounts but has a metallic value far above its face value. In fact, the coin in question was similar to the silver dollars that once circulated regularly in this country but have since disappeared. The prosecutor, Anne Tompkins, declared:

Attempts to undermine the legitimate currency of this country are simply a unique form of domestic terrorism. While these forms of anti-government activities do not involve violence, they are every bit as insidious and represent a clear and present danger to the economic stability of this country. We are determined to meet these threats through infiltration, disruption, and dismantling of organizations which seek to challenge the legitimacy of our democratic form of government.

This dastardly act of “terrorism” was committed by 67-year-old Bernard von NotHaus, who recently was convicted in federal court in North Carolina by a jury that deliberated for under two hours. He faces the rest of his life in prison for minting and circulating the Liberty Dollar. The Asheville Citizen notes: “The government also is seeking the forfeiture of about 16,000 pounds of Liberty Dollar coins and precious metals valued at nearly $7 million.”

It is sheer nonsense that von NotHaus engaged in behavior that is a “clear and present danger to the economic stability of this country.” But that’s a good description of Ben Bernanke, chairman of the Federal Reserve.

As one who remembers when the Johnson administration announced in 1965 that it no longer would make silver dimes, quarters, half-dollars, and dollars (replacing them with the infamous “sandwich” coins), I can say the charge that creating a silver coin undermines the U.S. economy is a howler. From QE1 and QE2 (quantitative easing) to the Fed’s inflation targets, if anyone has broken the very spirit of the act that will send Bernard von NotHaus to prison, it is Bernanke.

If von NotHaus did anything, he exposed the sorry fact that the U.S. government’s currency is hopelessly debased. If that is terrorism, then anyone who openly criticizes the monetary system is a terrorist. One wonders if prosecutors like Tompkins think the next level of terrorism prosecution is to go after those critics.

There Are 2 Responses So Far. »

  1. What prof.Anderson is saying is spot on. So what happens now? The answer is nothing. The elitists and money masters behind the scenes have complete control of the organs of government. They have most of the politicians bought off. They own most of the judges. They control most of Federal Law enforcement. And they own the Main Stream Media. The only thing that will bring the elitists down is a complete economic collapse,which they are engineering now to fold America into their New World Order. When that collapse occurs,is the time for Americans to exercise their rights of rebellion. However,the elitist have also bought off most people with their welfare state. So,who will be left to man the ramparts? America deserves its fate. That fate being serfdom.

  2. “We are determined to meet these threats through infiltration, disruption, and dismantling of organizations which seek to challenge the legitimacy of our democratic form of government.”

    I thought one of the benefits of a democratic government was the ability for the people to freely and openly challenge its legitimacy without having to worry about being “dismantled”?

    These people need to learn the history of their country. The USA is supposed to be a republic, not a democracy. A democracy (the rule of 51%) is by definition oppressive to minorities (any kind of minorities – not just racial).

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