Kathy Says

An International Liberty Dollar Network

Now that the Liberty Dollar Network is a reality and beginning to find some acceptance and goodwill, it’s time to turn our thoughts toward the future. In doing so, it is necessary to decide just how Liberty Dollars can best benefit the people who will want to use it. In order to be of benefit, it must meet certain criteria, and these are listed below.

  • It must have a value that is stable and not subject to inflation.
  • It must be usable to purchase items needed or desired by its users.
  • It must be capable of being used not only locally, but over distance.
  • It must be capable of transitioning from a digital form to a physical form and back again.
  • It must be measurable against national currencies.
  • It must be durable and managed with stability.

Most people would recognize in the lines above a description of a pretty good monetary system, one that is built to last and remain in use for a long time. These are the goals we hope to achieve with Liberty Dollars, and we can now discuss how to make them come to fruition.

Let’s take these points one at a time and look them over closely, shall we?

  1. It must have a value that is stable and not subject to inflation.

Liberty Dollars are all backed by .999 fine silver. They are based on Silver at $25 per ounce, which means that each ounce of silver secures 25 Liberty Dollars. Anyone who has a total face value of 25 Liberty Dollars can redeem them for that ounce of silver, and that means that the value is real, rather than dictated by an order of government.

  1. It must be usable to purchase items needed or desired by its users.

Liberty Dollars are legal for use in barter, and the Liberty Dollar Network has even created an online store where Liberty Dollars and eLD can be used to acquire many things useful in daily life everywhere. Food, Clothing, Furniture, Electronics and more are available at the Liberty Dollar General Store and can be shipped anywhere. Since anyone can make purchases there with eLD, small merchants can accept Liberty Dollars for their own goods and services, secure in the knowledge that they can use them to get things for themselves.

  1. It must be capable of being used not only locally but over distance.

This issue is already dealt with in the use of eLD. ELD can be sent through the internet to anywhere in the world, to make payment for a purchase or simply to send money to a loved one.

  1. It must be capable of transitioning from a digital form to a physical form and back again.

We have been planning to implement regional/community offices to help integrate the currency into local economies. In order to make the globalization of Liberty Dollars a reality, we’ll be taking a bigger step by using those offices as a sort of branch office. Users of Liberty Dollars will be able to take their silver Certificates there to be credited to their eLD accounts, or withdraw Certificates against their eLD balances. Since eLD can be exchanged through the internet and eventually through phone apps, it becomes as usable as a debit card.

  1. It must be measurable against national currencies.

Because Liberty Dollars are designed to be used in parity with US Dollars, there is an existing 1-to-1 exchange rate that will allow anyone to determine their local spending power. This will make it much easier for people who are accustomed to other currencies to figure out how to use them.

  1. It must be durable and managed with stability.

The Liberty Dollar Network is here to stay, and ready to dig in for as long as it takes to make this dream a reality. Toward that end, we are always on the lookout for top quality people to assist in management and development.

With all of the above going for us, we believe the Liberty Dollar Network can find its place among the financial institutions of the world. We will be working closely with regulating agencies to ensure that we are doing everything the right way as we grow, and we hope that you’ll be coming along with us on this journey.

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