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Tuesday, January 1, 2008
WND Ignores Pyramid Scheme Aspect of 'Liberty Dollars'
Topic: WorldNetDaily

WorldNetDaily has published four articles on the raid of a company that issued "Liberty Dollars," an alternative form of currency -- on Nov. 16, Nov. 17, Dec. 1, and Dec. 27. All of these articles have several things in common -- they copoiously quote Liberty Dollar officials and supporters, they limit response to federal officials on the raid to pointing out their opposition to alternative currency (WND hates the Federal Reserve, so this unfairness is unsurprising), and they ignore one key component of the feds' case against the Liberty Dollar.

As the affidavit supporting the raid and seizure states (h/t Reason, David Neiwert), the folks behind the Liberty Dollar were essentially running the enterprise as a "multi-level marketing scheme," giving the company and its associates a profit for putting the coins into circulation.

Rather than reporting that, WND does things like the Nov. 17 article by Bob Unruh, who quotes company founder Bernard von NotHaus at length and makes no apparent effort to contact federal officials to respond to Von NotHaus' claims (i.e., "Make no mistake, the FBI and Secret Service raid on the Liberty Dollar ... was a direct assault against the U.S. Constitution and your right to own and use gold and silver in any way you choose"). It's yet another example of unblanaced journalism by a reporter with a long history of it and who ought to know better.

Posted by Terry K. at 11:49 AM EST

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