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Free Lakota Bank

Submitted by Bill St. Clair on Mon, 2008-11-24 20:10.

The Free Lakota Bank "is the world's first non-reserve, non-fractional bank that issues, accepts for deposit, and circulates REAL money...silver and gold. All of our deposits are liquid, meaning they can be withdrawn at any time in minted rounds." You have the option of paying them 0.06% per year (1/20,000 per month) to store your money, or you can loan it to them at 7.24%, for a year at a time. They are currently selling one ounce silver rounds. $14.50 apiece for 500 to 1,000. $40 apiece for 1 to 5. It complies with the American Open Currency Standard (AOCS), so is recognized by merchants who are members. You need only an email address and a password to open an account. They also have a fancy "out-of-band" authentication method that you can choose to use.

From the privacy page:

Quote:
When you open an account at the Free Lakota Bank, there are 2 specific things we do not want: your name and your social security number. It is not our job to track the movement of our clients' money; we do not want to know who is depositing, where it comes from, or at what rate it enters or leaves our bank. We believe money is anonymous and not subject to tracking.

If you derive your income from preying on the weakness of others, shame on you. Your time on this planet will be short and the great spirit will reward you in kind. If you choose to deposit with the Free Lakota Bank, we will use your money to benefit those with a strong sense of morals and value. Our hope is that your money will not find its way back to you.

I wish them good luck and great success.

Free Lakota Bank Silver Round

( categories: Digital Money )