With the launch of the Free Lakota Bank, The Free & Independent Nation of Lakota has launched a frontal assault on Wall Street, The Fed, and International Bankers.
Native Americans are historically known for their strong spirit, patience, and stealth, not to mention their very advanced war making strategies. The launch of this banking concept seems to display all of these characteristics in spades.
While The Free & Independent Nation of Lakota’s formal secession from the United States passed last year with little comment or reaction, this latest development will likely raise many eyebrows around the world. Ultimately, official reactions will be based on how individuals and markets respond to the offerings of their bank.
The Free Lakota Bank has well-baited its hook by the sheer elegance of their banking model, some features being
1. Only Gold or Silver Holdings, but with a preliminary period where they will accept Federal Reserve Notes and convert them to metal.
2. Completely Anonymous – No names or Social Security Numbers attached to accounts.
3. Two-Tiered Security – SSL Online username, using a strong keystroke encryption program; followed by an automatic phone call for the user to enter a PIN number.
4. An incredibly inexpensive monthly fee for account maintenance (0.00005 service fee or 5 cents per thousand when calculated at present silver spot).
5. A “General Investment Fund;” which allows a waiver of investors’ maintenance fees and earns a current annual rate of return for the Fund of 7.24%.
6. A lending philosophy that is a blend of classic Muslim banking and the largely unexploited market of “Micro-loans.”
Filed under: Activism, Money | Tagged: lakota, The Free and Independent Nation of Lakota
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