U.S. Federal authorities have begun confiscating gold and and other precious metals from private holdings in the United States. Beginning with the raids yesterday in Evansville Illinois as FBI agents seized over 2 tons of privately owned bullion from the privately owned vaults of the Liberty Services, vendor of the popular Liberty Dollar as well as the Ron Paul Dollar.
When asked for comments, Ben Bernanke of the U.S. Federal Reserve said this was the future for the American Dollar.
"We will confiscate our way back into the hearts and wallets of America and the world. The competition from mere commodities can be managed - this will raise the stock markets around the world, stabilize property prices throughout America, and help the IRS claim record capital gains taxes for Fiscal 2007."