Free Lakota Bank
Chris, thank you for your site and hard work. Much appreciated!
Does anyone have any additional information on the recent announcement of the Free Dakota Bank?
Looks to me like you need to spend that coin in the Lakota nation…maybe the bank is on a reservation? Or, they just want a classy way of selling 1 oz. silver. I don’t think silver is anywhere near $40/oz……
Yes, I too thought the price a tad high. Also, looked up the website on the Lakotas themselves and on their forum, there is a statement which says they are NOT part of this bank. So was wondering if anyone else knew something.
Thanks for your response.
Below are some interesting responses I found on-line that may help:
[quote] 9 Comments
Excellent information, and thank you! There are so many scams right now, and this kind of smelled like one of them. I appreciate your time, effort, and knowledge!
Yeah This is an old thread but I wanted to add my 2cents. I stumbled upon the Lakota coins and the AOCS and smelled a rat as well. The thing that tipped me off was their list of “Marketplace” companies. Many of them seemed to simply be Domain names that are for sale or websites that have NO mention about barter/bullion currency. I’m calling BS on the whole thing and anyone associated with them. Just wanted to throw that out there incase anyone else wound up here.
It’s really sad that someone decided to use this as a scam as it really is a good idea. Oh well.
I can’t speak for the Free Lakota Bank as I have not done business with them. However, I can talk about the AOCS system and the marketplace. I have contacted about a dozen retailers in the Dallas, TX area and all except one was a working listing and they did in fact accept AOCS coins. The one that was not working was out of business. When I checked back a week or two later it was gone.
Like other barter networks, those who are part of the AOCS system do not usually advertise on their website. However, if you follow up with the phone number and mention the contact on the marketplace listing you will be able to get more info on their AOCS barter policy. Here are items that I have bought in the DFW area using AOCS silver coins:
- House cleaning services
- From Ag Trading Post: water bottles, soap, beef jerky (really good), Enchilada’s Restaurant Gift Certificates (50% off with AOCS Coins!), high quality beef, homemade jam, homemade peanut brittle (yum), homemade fudge, high end foo foo soap… the list goes on and on.
Anyway, I can understand the skepticism. However, if you’re skeptical just follow up on the marketplace businesses in your area. Be sure and ask for the contact that created the listing. I think you’ll find a good way to barter with honest money, and you’ll get a discount to boot.
BTW, the reason I found this thread is because I’m looking for info on anyone who has done business with the Lakota Bank. The concept sounds appealing, but I need to do my due dillegence.
THREE THUMBS DOWN: I have rather intimate knowledge of this organization. The silver is for the most part is as GEORGIOUS as it is over priced – which if ya ask me, for small quantities/collectibles stashes anyhow, cancel each other out. So I appreciate it. Their business presence, with several of their ‘medallions’ (NeoCoin Series w/Dick Cheney/George Bush).. throw eggs in the faces of the tyrants and I like that, and even tho I seem to be in the minority among the detractors: I LIKE the HUGLY INFLATED ‘Suggested Trade Value’ of 1oz = ‘FIFTY’.
It’s REAL Honest “Money” that’s completely voluntary/barter;
so you’re welcome to refuse it’s suggestion and trade it at whatever you might get.
In my business for example: I accept ANY ‘.999 Fine Silver’ at AOCS suggested values as related to FRN’s – but ONLY for labor. Labor after all is something I can afford to accept ‘less value’ on, – as if an FRN has any value anyhow. It’s all the same useless paper with different crap on it that our government jacked us all into having to cover when it inevitably falls all to shit.
The issue I have with this ‘group’ after nearly a year shadowing it from several perspectives and doing some research, – as I am quite taken in by what “they appear” to be up to is, (in my humble opinion): It’s a total scam, perpetrated by ‘Amway’ hacks and pinkboy ionized water salesmen who could give a rats ass about my personal Liberty’s so long as they get paid. Whatever they can do to create a multi-level market under the guise of honest money.
The Lakota Nation for example.. You spell it LAKOTAH for one. well, i guess ya don’t have to. Ask Russell Means about it to hear: “The Republic of Lakotah is in NO WAY associated with this new “freelakotabank” Caveat Emptor!”. Who is Russell Means you might ask: Only the most prominent member of the American Indian Movement. http://www.republicoflakotah.com/about-us ..although Chairman ‘Joseph Brings Plenty’ of the 8500-member ‘stay on the reservation crew’ Cheyenne River Sioux Tribe, saids that “Means does not speak for their members or any elected Lakota tribal governments”.
The ‘Bank’ is purely a shill promotion to attract you to their family owned and nationwide network of extreme premium silver merchants.
Go ahead and try and setup an account https://secure.freelakotabank.com/openaccount.php to read “The launch of the new site is days away… please check back soon!”. -uh hu.
Please read this:
Please don’t misunderstand me, what their organization is doing to raise awareness to so many issues is WONDERFUL. I just think their degenerate scum, salesmen types who’ll promise you anything to get you to understand what must be understood – and what’s so wrong with that – as long as you educate yourself on the facts.