Title

"Cover Story" piece on the American Liberty Dollar (ALD) movement. ALD currency

Authors

Jess Kilby

Source

Portland Phoenix

Date

7-26-2002

Pages

1, 16-17

Abstract

"Cover Story" piece on the American Liberty Dollar (ALD) movement. ALD currency is issued by NORFED (the National Organization for the Repeal of the Federal Reserve Act and the Internal Revenue Code). Launched in 1998 as a protest against the debt-backed Federal Reserve System, the ALD is a silver-backed currency that trades on a one-to-one ratio with Federal Reserve Notes. Some 213 Maine businesses purport to accept ALDs as full or partial payment for their goods and services, but the Portland ALD distributor listed on NORFED's Web site seems to have gone out of business. None of the Maine merchants listed are in Portland. With reference to the Maine Time Dollar Network (MTDN), also launched in 1998, which has proved so popular that it's expanding. In January, Portland West launched the West End Time Dollar Program, an affiliate of the Munjoy Hill-based MTDN.

Subjects

American Liberty Dollar movement, Barter, Maine Time Dollar Network, Money

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