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By Chad Gillis, Staff Writer,
for The Naples Daily News
Monday, May 3, 1999
Bernard von NotHaus is modest. He has no desire
to see his smiling portrait on the front of a dollar bill. The
thought of people across the country asking for change for a "von
NotHaus" at local gas stations and banks has never even crossed
Bernard von NotHaus shows the currency he has
developed in anticipation of the turn of the century. His American
Liberty Currency is backed by silver. Lisa Krantz/Staff
He simply wants to oust the Federal Reserve and replace it with
a form of silver
-backed currency - his currency.
"It's in response to bringing back what
is often called old-time religion," von NotHaus said from
his mother's home in Estero. "And old-time religion is simply
a return to value. And that means a value-backed currency, which
is an extension of bringing back value to the social, political
and economic systems."
An economist who's been working on a natural-based
currency for 25 years, von NotHaus kicked off his national tour
two weeks ago after celebrating the opening of the latest American
Liberty Currency redemption center: his mother's home.
For the next few months he will be traveling
around the country in a motorhome, making stops at the 100 American
Liberty Currency redemption centers scattered across the United
States. Von NotHaus will also be spreading the word about silver-backed
On April 1, von NotHaus released a book to go
along with his currency titled, "Y2K Money: Your Survival
Currency." He is backed by NORFED - National Organization
for the Repeal of the Federal Reserve Act and the Internal Revenue
Code. More than $100,000 in Federal Reserve notes have been exchanged
for American Liberty Currency so far.
NORFED began almost one year ago in Evansville,
Ind. Von NotHaus would not comment specifically on the number
of members involved with the grass roots political entity, but
said membership is in the hundreds.
His idea started out as a local currency for
his home state of Hawaii. Von NotHaus wanted to boost the state's
economy by providing a form of competitive certificates for independent
Since then, he has taken his interests national.
And who better to have on your side when battling the powerful
Federal Reserve and Y2K than your mother?
"There's a lot of publicity about Y2K and
there's no solution to it," said Suzy Notthouse, who spells
her last name differently than Bernard for family historical reasons.
"They say get plenty of water, get plenty of money out of
the bank, get candles and be prepared. Prepare for it like a hurricane.
I think (the idea of an alternative national currency) will build
because people are afraid of the unknown."
Notthouse lived through the Great Depression.
She remembers what it's like to be without basics such as food.
This experience, she said, has made her prepare more for the disasters
that many say will befall the world on Jan. 1, 2000.
"Doctors bargained for food," Notthouse
said, commenting on life in America during the 1930s. "You
could pay the doctor with a chicken or a dozen eggs or a pound
of butter or whatever you had."
Notthouse said owning silver certificates would
have definitely helped her family during the financial struggles
brought about by the Great Depression.
Since going through the monetarily lean years
leading up to World War II, Notthouse says she has constantly
kept her freezer full of frozen food and her cabinets stocked
with canned food, which she doesn't even eat.
It's this type of fear of the unknown that von
NotHaus is hoping will ignite interest in his currency before
"Other people are getting extra gasoline
and other people are getting food," von NotHaus said. "I'm
out here stomping for NORFED saying this is really a time when
we could bring back a value-backed currency, which would be the
best thing for our country ... without a doubt."
Von NotHaus said his system is extremely easy
to understand. People wanting to exchange Federal Reserve notes
can go to a redemption center and place an order. Once the order
is received, the redemption center notifies the warehouse, which
in turn sends the amount of silver certificates requested to the
redemption center. Seventy-two hours later the original silver
seeker can pick up silver certificates.
William Gibbs, Coin World news editor, said
only governmental bodies are allowed to produce a nation's currency.
But, he added, what von NotHaus is doing is not illegal.
"Only the government has the right to issue
a legal currency," Gibbs said. "... That does not prevent
individuals from doing what Bernard is doing - as long as one
does not run afoul of federal regulations."
Gibbs said von NotHaus is somewhat widely known
in the coin and currency collecting world. He also said Coin World,
a weekly magazine devoted to coins and currencies, does not feel
the need to investigate von NotHaus' legitimacy.
"Clearly with anything of this nature you
have to make sure the company has what they say they have,"
Gibbs said. "(American Liberty Currency) is strictly a private
currency that is entirely backed by the issuers of this currency."
Claudia Dickens, spokeswoman for the U.S. Treasury
Department's Bureau of Engraving and Printing, said American Liberty
Currency is legitimate.
"There's nothing illegal about this,"
Dickens said after the Treasury Department's legal team reviewed
the currency. "As long as it doesn't say legal tender there's
nothing wrong with it."
It's simple. It's legal. And von NotHaus hopes
to be the first person to give Alan Greenspan and the Federal
Reserve a run for their money.
"It all boils down to the redemption centers
and my mom," he said.