Norfed FAQ

Frequently Asked Questions about NORFED

Who is NORFED?
NORFED, the National Organization for the Repeal of the Federal Reserve Act and the Internal Revenue Code, is a supporter-based non-profit organization dedicated to restoring a honest monetary system for all Americans as described in the U.S. Constitution. It is governed by a Board of Directors and a Supporters Advisory Council. NORFED wants your support to bring change to our nation's monetary standards. All NORFED profits go towards its goal of repealing the Federal Reserve Act and the Internal Revenue Code.

Why should the Federal Reserve Act be repealed?
Some of us are old enough to remember when we had real money that belonged to the people, and not to private banks. When Congress unlawfully gave private interests the control of Federal money in 1913, the States were left without any lawful money to use. By default, the people began using Federal Reserve Bank Notes in lieu of gold or silver-backed currency. (They had no choice.)

Originally the people's money was issued without interest and left little room for inflation. Today, however, Federal Reserve fiat money is loaned into circulation with interest and creates inflation. Federal Reserve Notes (FRN's) do not belong to the people and are not redeemable.

Our in-depth Money FAQ details the fraud that these institutions have perpetrated on the American people for almost a century. How much do you really know about money?

See also our article Billions for the Bankers, Debt for the People.

Why is NORFED Needed?
Currently there is no incentive for Congress to repeal the Federal Reserve Act. Therefore, action on the part of the American People is necessary to provide the proper incentive to get Congress on track and back within Constitutional boundaries. NORFED has identified necessary actions and has created a new currency to provide a choice of currencies that Americans can use… The choice is either the use of a debt-based depreciating currency or use of a value-based currency that is redeemable in pure silver that will meet the needs of the people and reign in government monetary policy.

What is NORFED's game plan?
NORFED issues The Liberty Dollar in 3 denominations of warehouse receipts, $1.00, $5.00, and $10.00. The $10.00 Certificate is backed by one Troy ounce of pure .999 fine silver. The $1.00 and $5.00 certificates are backed by a proportional amount of silver, which is the standard behind this currency, as required by the Constitution. NORFED also has available a $500.00 Gold Certificate and Gold Liberty that is backed by one ounce .9999 fine gold. This will allow The Liberty Dollar to have value and be acceptable throughout America. Now, for the first time, Americans have a choice of using the silver or gold based Liberty Dollars instead of the fiat Federal Reserve Notes.

NORFED makes a modest profit exchanging FRN's to Liberty Dollars. This money is used for marketing, overhead and political action such as presenting at conferences, printing flyers, and so on.

Where is the silver stored?
The silver is stored at the Sunshine Minting, Inc. warehouse in Coeur d' Alene, Idaho. Sunshine Minting, Inc. is totally independent and not part of NORFED. Sunshine Minting also mints the Silver and Gold Libertys. Sunshine Minting is the premier supplier of silver blanks and minted products to private mints, the U.S. Mint, foreign mints, marketing organizations, and corporations. Find out more at www.sunshinemint.com.

How do I know it is really there?
The silver & gold that you own, as proven by The Liberty Dollar warehouse receipts you hold, is not controlled by NORFED--it is independently held by a third party, i.e. Sunshine Minting.

To insure that the silver and gold is indeed in the warehouse, NORFED has engineered overlapping checks and balances throughout the printing, storage and issue of the Silver and Gold Certificates.

In addition to these safeguards there is an independent monthly audit of the warehouse by Clark Anderson McNelis & Co., a Certified Public Accountants firm. Their Independent Auditor's Report is available and posted here.

How secure is Sunshine?
The internal security features are so strict that armed guards patrol the printing of the certificates which are then shipped in special tamperproof cartons to the warehouse where they are stored in the vault until issued against the silver and gold that was previously stored in the warehouse. Then and only then are the authorized warehouse receipts released to NORFED to be issued to the Liberty Associates.

Furthermore, your silver and gold is 100% insured against fire and theft. Guaranteed.

Who issues the Certificates?
The warehouse, Sunshine Minting.

Where do Liberty Associates get their inventory of silver?
Direct from NORFED.

Where are the Liberty Associates located?
NORFED currently has over 1200 Liberty Associates in all 50 states and internationally. All active Liberty Associates can be located using our Find Liberty Associates tool.

If I do get involved with NORFED, can the government get my name?
No. At least, not from NORFED. The First Amendment of the U.S. Constitution protects membership lists and NORFED never releases its members' names (although RCs and Liberty Merchants' names are released for obvious reasons!) Furthermore, you do not have to register or use your name when you buy a Liberty Certificate or redeem it for silver.

How do I get in touch with NORFED?
Our web site is designed to keep you informed. NORFED will have many links to the web, and invites you to link with our site. Although participants are encouraged to use email in communications with NORFED, you may use whatever means is best for you.

NORFED,
225 N Stockwell Rd.,
Evansville, IN 47715
TOLL FREE: 888-421-6181
FAX: 775-218-1847
truth@libertydollar.org