People of Lakota Launch Private Bank for Only Silver and Gold Currencies

  • Thread starter Thread starter Chester Copperpot
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tmosley said:
You are from Lakota? If so, can you sell land to Americans of non-native descent (I'm about 1/32nd Cherokee, if that helps).

Also, you don't have to be a citizen in most countries to own land there. I kind of doubt that the US is going to go to war with an Indian territory over such things.
Click to expand...

:confused:

That is from the Minnesota State Constitution.
 
Unfortunate they're minting .999 fine coins. That doesn't impress me with their seriousness in creating a practical circulating currency. Just ten percent nickel enables silver coinage to hold up many times longer in people's pockets.
 
Good for the Lakota! Someone really needs to jab a stick in the eye of the Fed. I'm opening an account, but I don't know how much I'll deposit yet.
 
acptulsa said:
Unfortunate they're minting .999 fine coins. That doesn't impress me with their seriousness in creating a practical circulating currency. Just ten percent nickel enables silver coinage to hold up many times longer in people's pockets.
Click to expand...

I don't know lots about this, but does that mean that if you carried these coins around in your pocket, they would tarnish and degrade quickly? Does that reduce the value of the silver?

At least it's a start. Maybe they think it's somehow deceptive to put 10% nickel into the coins or something.
 
i love this from their website:

About Free Lakota » A New Standard of value "Money is the barometer of a society's virtue. When you see that trading is done, not by consent, but by compulsion...when you see that in order to produce, you need to obtain permission from men who produce nothing...when you see your laws don't protect you against them, but protect them against you...when you see corruption being rewarded and honesty becoming a self-sacrifice...you may know that your society is doomed." "Atlas Shrugged"

At the Free Lakota Bank, we issue, circulate and accept for deposit only AOCS-Approved silver and gold currencies. Silver & gold are a store of value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Since we deal only in real money, we do not participate in any central bank looting schemes.

Money is made possible only by those who produce. Paper is not money, instead merely a promise to pay. We hope that some day the rest of the world will awaken from the American Dream: the dream that a person can sustain life by consuming more than producing. We call it the American Dream because you must be asleep to believe it. Well, that dream now has a silver lining; as people discover the dream is really a nightmare, the only solution is a return to value: value that comes from production and honest trade.
 
Just saw this on FreedomsPhoenix.com
Sounds like if we can pool together about $7600 to get the 500 coin discount price and divide them up amongst ourselves we would get a fair price on the bullion value and a heck of a collectors item as well.

Remember what the premium was on the Ron Paul Silvers? I think a 2008 Lakota Silver is going to be a good investment down the road weather the bank fails or thrives.

Also, I've been getting Lakota news for a while now, since they declared their independence and they are in an emergency situation at the moment and not receiving any International Red Cross aid. Any funds that could be sent their way would be helpful to their community and getting silver in return is a bonus.
I'd say it's worth the premium over spot just to help them with their independence.

eb
 
Bruno said:
i love this from their website:

About Free Lakota » A New Standard of value "Money is the barometer of a society's virtue. When you see that trading is done, not by consent, but by compulsion...when you see that in order to produce, you need to obtain permission from men who produce nothing...when you see your laws don't protect you against them, but protect them against you...when you see corruption being rewarded and honesty becoming a self-sacrifice...you may know that your society is doomed." "Atlas Shrugged"

At the Free Lakota Bank, we issue, circulate and accept for deposit only AOCS-Approved silver and gold currencies. Silver & gold are a store of value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Since we deal only in real money, we do not participate in any central bank looting schemes.

Money is made possible only by those who produce. Paper is not money, instead merely a promise to pay. We hope that some day the rest of the world will awaken from the American Dream: the dream that a person can sustain life by consuming more than producing. We call it the American Dream because you must be asleep to believe it. Well, that dream now has a silver lining; as people discover the dream is really a nightmare, the only solution is a return to value: value that comes from production and honest trade.
Click to expand...

Hell yeah! Good people.
 
Expatriate said:
I thought they declared sovereignty and got away with it. So it would be like Washington invading Canada to get the Americans that moved there to avoid the draft.

One downside is I believe you have to renounce your U.S. citizenship to become a citizen in the Nation of Lakota. Anyone know anything more about that? Where would they deport you to if you theoretically did that and it got raided?
Click to expand...

I think they got about as much coverage as Ron did in the primary.
 
here's your answer .. it's not that great Bruno

I was hoping that we had heard the last of this group, but I feel I need to
put things in prospective.

I have a dear friend in Colorado who is a respected tribal lawyer and
licensed to practice in many tribal courts throughout the west and
mid-west. I spoke to him about the withdrawing from treaties and he knew
exactly who I was talking about.

Please read the link below and note that this claim was made by 3 people
NOT the Treaty Council, the traditional government of the Lakota.

Take note that one of these people is the contact for this Free Lakota
Bank, Canupa Gluha Mani.

http://en.wikinews.org/wiki/'No_treaty_withdrawal',_says_Lakota_elder

Also, one of these 3 people is Russell Means. I have pasted below a portion
of a press release from AIM’s on Feb 20, 1999 about Russell means. This is
not anyone we need to associate ourselves with.

“What is especially egregious and outrageous about Russell Mean's
violations of the laws of the Dine Nation is that he is charged with
assault and battery against his father-in-law, Mr. Leon Grant who is a
revered elder of both the Omaha and Dine Nation and is 80 years of age and
has an artificial arm. We, of the American Indian Movement Grand Governing
Council are no longer surprised by Russell's clownish antics. He continues
to deceitfully mis-represent the American Indian Movement in order to
deceive those peoples and organizations worldwide, who due to their
goodwill, and support of the Indian cause may have already, or will
contribute to his appeal through his personal web page where he solicits
money for the Russell Means Philanthropy and AIM Club Membership in name of
the American Indian Movement, and an "Immersion Indian School" that never
existed, nor does it exist at this time.”

Please check this out and repost it. We don’t need any black marks on the
Campaign for Liberty.

Teresa
Myspace.com/ressurectingadream
Restore The Republic / The Velvet Revolution
 
Check this out:

People of Lakota Launch Private Bank for Only Silver and Gold Currencies

Hill City, Lakota - November 24, 2008 - In a stunning development, the Free & Independent People of Lakota announced today the introduction of the world's first non-reserve, non-fractional bank that accepts only silver and gold currencies for deposit.

"Today is a great day for us, a day that we begin to exercise our rights as a sovereign people with strength and pride," comments Canupa Gluha Mani, Tetuwan Council Judicial Member of the Cante Tenza "Strong Heart" Warrior Society. Mani's 2500 member warrior society has contracted to provide private security services for the Free Lakota Bank.

"We invite people of any creed, faith or heritage to unite in an effort to reclaim control of wealth. It is our hope that other tribal nations and American citizens recognize the importance of silver and gold as currency and decide to mirror our system of honest trade." Mani, also known as Duane Martin Sr, is a member of the delegation that declared Lakota independence on December 17th, 2007.

The launch of the Free Lakota Bank is also an incredible victory for StrikeForce Technologies, the access control experts providing depositor Out-of-Band Authentication. As the Free Lakota Bank does not require a name, photo identification or social security number to transact, StrikeForce's technology met the challenge of limiting fraud without requiring controversial biometric technology.

The People of Lakota invite depositors to establish accounts and invest in the Free Lakota Bank's General Investment Fund, the fund it uses to develop profitable free-market enterprise inside Lakota territory. Mani comments that the nation despises donations and charity, and instead insists instead on "earning our wealth by creating value for those that place their faith and trust in our system."

The Free Lakota Bank issues an American Open Currency Standard Approved currency, making it readily accepted for trade by over 10,000 merchants and businesses across the continent.

For more information, visit the Free Lakota Bank website at http://press.freelakotabank.com
 
Expatriate said:
I don't know lots about this, but does that mean that if you carried these coins around in your pocket, they would tarnish and degrade quickly? Does that reduce the value of the silver?

At least it's a start. Maybe they think it's somehow deceptive to put 10% nickel into the coins or something.
Click to expand...

Silver is a soft metal, and the cloth in your pocket is sufficient to cause wear. You know what wear looks like--all coins do it, just at different rates. Nickel also reduces the rate at which silver tarnishes, but this doesn't have much effect on the value (except for collector coins, of course). Mainly, normal wear affects the weight, and so the intrinsic value. Less silver, less value. And, of course, it is the design we use to determine that it's the real thing.

Russell Means has been around a while. I got the impression years ago that he was always trying to do good things, though he may have been misguided at times (too willing to be violent, for example). Haven't heard much lately.

It might be wiser to let this build up a track record. If it doesn't have the full faith and credit of the Lakota Nation behind it, caveat emptor.
 
Last edited:
Razmear said:
Just saw this on FreedomsPhoenix.com
Sounds like if we can pool together about $7600 to get the 500 coin discount price and divide them up amongst ourselves we would get a fair price on the bullion value and a heck of a collectors item as well.

Remember what the premium was on the Ron Paul Silvers? I think a 2008 Lakota Silver is going to be a good investment down the road weather the bank fails or thrives.

Also, I've been getting Lakota news for a while now, since they declared their independence and they are in an emergency situation at the moment and not receiving any International Red Cross aid. Any funds that could be sent their way would be helpful to their community and getting silver in return is a bonus.
I'd say it's worth the premium over spot just to help them with their independence.

eb
Click to expand...

I'm in for a couple of hundred if you do it Raz.

--Dustan
 
DollarToilet.jpg

​
 
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