A community of Sioux Indians, represented by Canupa Gluha Mani (in the vernacular: "he who walks and protects the pipe"), has unearthed the battle ax, beat the drums done and has called his people to stand up to the system international finance. Tired of the interference of "man-white-collar" and its goings on Wall Street, decided to launch its own monetary system, gold and silver and outside the dollar, giving free rein to the "war reserve" ( India's anti-federal).
Coins of the Republic of Lakota
The Free Lakota Bank , filed Nov. 24, has become the first bank in the world, as stated by the entity, which prevents the generation of the famous bank money, which does not physically exist and is created by financial institutions through the multiplier effect operations such as lending.
The funds of the Lakota Bank is the one in its coffers, neither more nor less.
This, for many economists will be an aberration as it contradicts the banking system as we know it (in which entities are only required to take their funds a small percentage of liquidity), has become one of the attractions of This Indian company assures users that their money is always in a safe and available. A world without "playpens".
Of course, the thing has its "buts," the "Lakota", the currency of this bank is not legal tender in the U.S., so users are forced to accept the rules of the exchange rates of these precious metals with the dollar or other currencies when dealing with those who do not understand what you mean, the currency of the Redskins.
"There may be some who confuse our structure with isolationism ... but it is not. Since we produce much more than they consume, we have the right to decide the medium of exchange accepted. We accept only value for value. Throughout our great land, thousands of tribes and merchants partcipan of our trading system, "states the website of the bank.
These bankers fleeing Federal Reserve intervention and any relief fund, criticized the current system and stressed the value shelter that has the gold and silver as a reference of wealth since time immemorial.
"The paper (currency) is a mortgage on wealth that does not exist, backed by a gun aimed at those who produce. We do not participate in the programs of any central bank looting. The currency is only possible for those who produce, the paper is not money, is a promise of payment (it certainly is a legal document in which a central bank guarantee is the value that indicates) ", say, and are unmarked Reserve Federal, which has not yet responded to the challenge of its control raised by the Sioux.
In line inks are loaded against the American dream defined as "one in which a person lives by consuming more than it produces. I called American Dream because you have to be asleep to believe it. Now people have discovered that sleep is a nightmare, the solution is to return to value: the value comes from production and honest trade, "states the Web site.
The bank says that is not intended to collect donations or charity, but to do business. It lends money based on "merit of the applicant and not his need." It offers mutual funds to time deposits with a revenue of 7.24 percent, more than what is found today in the market.
Make a deposit at the Free Lakota Bank is open to everyone, even if the bank is no stranger to costs.
The customer will pay a monthly fee of one ounce of gold or silver ounces for every 20,000 you have in the bajnco, allowing you to access their accounts via the Internet and free transfers to deposits from other users.
The Free Lakota Bank is the latest initiative of the Delegation sovereigntist by Lakota Freedom, which advocates the creation of the Republic of Lakota territory in the U.S. The area claimed by the Lakota community members, made up mostly of Sioux tribes, would include the states of North Dakota and South, Wyoming and Nebraska. The Indians defend their sovereignty request on the basis of treaties signed in the nineteenth century by the U.S. government and the native comunides.
Gluha Canupa Mani was one of the signatories in December 2007 declared the independence of the Republic of Lakota.
