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Meet The Female Leaders Of Finance: “People are tired of the status quo” with Kathy Hicks and Tyler Gallagher

I’m new to the world of finance, but I read a lot and it seems to me that people are tired of the status quo. Maybe giving more women a chance to show what they’re capable of is a good way to introduce some variables into the financial world, and help make some differences in […]


I’m new to the world of finance, but I read a lot and it seems to me that people are tired of the status quo. Maybe giving more women a chance to show what they’re capable of is a good way to introduce some variables into the financial world, and help make some differences in the way business is done. I’m enjoying what I’m doing, and I feel like I’ve finally got a chance to make a truly positive difference in the world for a lot of people.

As a part of my series about strong female finance leaders, I had the pleasure of interviewing Kathy Hicks. Kathy is the President of the Liberty Dollar Network LLC, which is following in the footsteps of legendary Monetary Architect Bernard von NnotHaus. Kathy’s new Liberty Dollars are Digital and Paper Warehouse Receipts that can be legally used as a form of money in barter, anywhere in the world. She has developed a program that allows Liberty Dollars to be branded for a specific community, or used globally anywhere they are accepted, but the most important aspect, she says, is that all Liberty Dollars are backed by .999 fine silver bullion. This makes them impervious to inflation and preserves the wealth of the people and communities that use them. She grew up in and currently lives in North Central Florida.


Thank you so much for doing this with us! Can you tell us the “backstory” about what brought you to the Banking/Finance field?

Actually, I blame my husband. Back about fifteen years ago, he was deeply involved in the Liberty Dollar with Bernard von NotHaus, and got his entire community taking them. When we returned to Florida a year ago, he found that Bernard is also living there and they got back in touch, so Bernard came by to visit and the two of them began talking about some of what they had acocmplished, and I got interested. My own background was in sales and marketing, but the more I learned about all they had done, the more interested I became. A few weeks of conversation later, I founded the Liberty Dollar Network, issuing Liberty Dollars that avoid the problems Bernard ran into, and it’s been growing slowly ever since. We have Members all over the US, and several even in other countries. All of them like the idea of an alternative currency that is backed by real silver, rather than created out of thin air like cryptocurrencies and fiat money. And the best part is that our Members can get Liberty Dollars for ten percent off their face value, so using them saves money and helps their spending power go further.

Can you share with our readers the most interesting or amusing story that occurred to you in your career so far?

I suppose the most amusing would be the day I was sitting in the office and looked up to see two large men come in, announcing that they were detectives and had been hearing rumors that we were making funny money. I happily showed them the Liberty Dollars and the silver that backs them, and a few minutes later the local chief of police showed up — who just happened to be an old friend of my family. He even joked with my husband that he’d known me since I was “yay high,” holding his hand about a foot off the floor, and then asked some of the most intelligent questions about our business while his detectives stood by and listened. It turned out to be a very positive experience, but I will admit that the first thought I had was that I sure hoped all our paperwork was in order!

Are you working on any exciting new projects now? How do you think that will help people?

I’m so excited I can’t stand it, but we’ve got two new projects rather than one. First, we have just created the Liberty Dollar General Store, where we sell thousands and thousands of things that everyone needs, and we take Liberty Dollars in digital form. That includes the Merchants and Businesses that accept Liberty Dollars, and the store offers wholesale prices so they can even buy inventory and supplies for their businesses using the Liberty Dollars they take in. We’ve made deals with wholesale companies all over the world to bring people the kind of products they want. We have groceries, electronics, tools, clothes, jewelry, sporting goods… you name it, we probably have it. We’re out to be the Amazon of the Liberty Dollar world.

Digital Liberty Dollars are called eLD, and using them is as easy as using PayPal. All our Members get an eLD account as soon as they sign up, and they can use that to order the Paper Silver Certificates if they wish. Of course, the Certificates are good for local use, but eLD is better for online and long distance business. For that reason, we are now launching a Branch Office franchise program, where local folks can be our representatives and offer services to help, like converting from paper Certificates to eLD and back again. It’s not a bank, but it offers some bank-like convenience for Liberty Dollar users. They can even help people convert cash to Liberty Dollars, so they can save money when they do their shopping, and they keep silver on hand for those who want to redeem it and keep the silver bullion.

What do you think makes your company stand out? Can you share a story?

As far as I know, we are the only alternative currency that has ever created a closed loop economy to support its users. By offering the Liberty Dollar General Store online, we give everyone who wants Liberty Dollars or accepts them in trade a place where they can always use them to buy the things they want or need. This helps Merchants and everyone else, because no matter what they need, they’ll be able to get it with Liberty Dollars in one form or the other.

Wall Street and Finance used to be an “all white boys club”. This has changed a lot recently. In your opinion, what caused this change?

I’m new to the world of finance, but I read a lot and it seems to me that people are tired of the status quo. Maybe giving more women a chance to show what they’re capable of is a good way to introduce some variables into the financial world, and help make some differences in the way business is done. I’m enjoying what I’m doing, and I feel like I’ve finally got a chance to make a truly positive difference in the world for a lot of people.

Of course, despite the progress, we still have a lot more work to do to achieve parity. According to this report in CNBC, less than 17 percent of senior positions in investment banks are held by women. In your opinion or experience, what 3 things can be done by a)individuals b)companies and /or c) society to support this movement going forward?

I think that individuals, particularly women like me, need to stop being afraid to say, “Hey, I can do this!” I know I had to overcome that natural feeling that I should ask my husband how to do some of these things, and it’s helped me to grow as a business person. Companies should be more willing to look at the abilities of their employees and staff, rather than their genders and/or stereotypes, because there are probably some gems hiding in the midst of the organization that they haven’t uncovered yet. As for society, I think recent events are helping to empower women, and I’m not talking about the #MeToo movement as much as the acknowledgement that women have been suppressed for so long. It’s time for change, and it’s happening.

You are a “finance insider”. If you had to advise your adult child about 5 non intuitive things one should do to become more financially literate, what would you say? Can you please give a story or example for each.

First, they need to be aware of what money is. It’s a symbol of trade, because it’s a lot easier to carry pieces of paper around than it is to haul around things you made yourself to swap for the things you need. That’s where the whole concept of money came from, when people began to realize that direct barter was not convenient. If you made clothes, and you wanted potatoes, you either had to find a potato farmer who needed a new shirt, or trade your shirts for something he wanted. Money was easier once everyone would take it, because you could quantify the value of your labor in the price of your product, and use the money you took in to buy other things you want.

Second, they should know the value of labor. By learning to work for what they need, they also learn to work for what they desire. This is a lesson everyone needs to take in, because it puts an end to entitlement.

Third, I would advise them to learn to save wisely. Put some money away into places where they can’t reach it easily when the impulse to buy something flashy hits. If it takes efffort to get to it, then the money is more likely to be there when they truly do need it for an unexpected expense.

Fourth, don’t limit your financial possibilities. They should always be looking at possibilities for passive income streams, ways to make money that take minimal effort. Sometimes that might mean investments, and other times it can just mean knowing what people really want and being in a position to help them achieve it. There’s always a way to make money if you don’t let it scare you, and keep your eyes open for opportunities.

And last, I would tell them to be generous with those less fortunate. I rarely see someone in need without feeling like I should share some of the blessings I’ve been given, and the feeling I get makes it very worthwhile. I hope my kids have learned that from me, if they learn nothing else.

None of us are able to achieve success without some help along the way. Is there a particular person who you are grateful towards who helped get you to where you are? Can you share a story about that?

I’m going to have to say Bernard von NotHaus. Bernard was the creator of the original Liberty Dollar that enjoyed great success in the early part of the century, but the silver rounds he put into circulation were deemed to violate an obscure law, and he was ultimately arrested and convicted of counterfeiting for that reason. Even today, though, he is still redeeming silver for the people who had his certificates, and that level of honor and commitment is incredibly inspiring to me. It’s been with his help that I’ve managed to create the Liberty Dollar Network and build it to where it is today, and I’m forever grateful.

Can you please give us your favorite “Life Lesson Quote”? Can you share how that was relevant to you in your life?

Probably the greatest life lesson I ever learned was to never give up. No matter how many times you might fail at something, you aren’t defeated until you give up and stop trying. Getting the new Liberty Dollars out to the people who love them has been a challenge, but it’s been worth all the long hours and hard work. As long as we never stop trying, I know that we’ll find success in every part of this adventure.

You are a person of great influence. If you could inspire a movement that would bring the most amount of good to the greatest amount of people, what would that be? You never know what your idea can trigger. 🙂

One of the things I love about Liberty Dollars is that anyone can accept them for the things they sell or the services they offer. That means that people all over the world can take advantage of the fact that many people like using them, and that means they have a whole new market for their goods and services. If I could suggest anything, it would be to use solidly-backed currency to boost your personal wealth.

Thank you for all of these great insights!

About The Author:

Tyler Gallagher is the CEO and Founder of Regal Assets, a “Bitcoin IRA” company. Regal Assets is an international alternative assets firm with offices in the United States, Canada, London and Dubai focused on helping private and institutional wealth procure alternative assets for their investment portfolios. Regal Assets is an Inc. 500 company and has been featured in many publications such as Forbes, Bloomberg, Market Watch and Reuters. With offices in multiple countries, Regal Assets is uniquely positioned as an international leader in the alternative assets industry and was awarded the first ever crypto-commodities license by the DMCC in late 2017. Regal Assets is currently the only firm in the world that holds a license to legally buy and sell cryptos within the Middle East and works closely with the DMCC to help evolve and grow the understanding and application of blockchain technology. In addition to his role with Regal Assets, Tyler is a regular contributor to Forbes, Arianna Huffington’s Thrive Global and Authority Magazine. Tyler has also been featured in many news publications and has been a guest expert on “The News with Ed Shultz”. Tyler is a proud member of the Forbes Finance Council, a private invite only-group of hand-selected industry leaders.

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