The rising price hasn't lifted my spirits much at all.
Still reeling from this bad news. (Bad for gold, bad for Bitcoin)
http://news.goldseek.com/GATA/1415649749.php...
http://www.gata.org/files/VonNotHausOrder-Nov-10-2014.pdfIn which Judge Voorhees writes about my friend Bernard von NotHaus, one of the inspirations for Satoshi...
A quote from the previous horrible case Gellman v US:
"The United States has the sole power to coin money under the Constitution, and if anyone, individual or
State, assumes to supplant the medium of exchange adopted by our Government,
or assumes to compete with the United States Government in this regard, a
violation of these statutes would follow. Undoubtedly, no one can interfere with
the monopoly which this Government has obtained by reason of the
Constitutional provisions without running afoul of these statutes"
...
Whether the rationale
set forth in Gellman is adopted or not, the Court finds that under the construction of Section 486
applied here, contemplating that if a coin is intended for use as current money then there is
necessarily a deceptive quality about its design, Defendants conviction on Count Three must be
upheld.
For the reasons set forth herein, the undersigned is of the opinion, and this Court so finds
as a matter of law, that Congress indeed possesses the power to criminalize an individuals
minting of coinage, whether in resemblance of U.S. coins or of original design, that is intended
for use as current money.
This... in contrast to several state's "lawful money" decisions (Calif), and even precious metal as Legal Tender laws (Utah)
