Native American response to banking crisis

Gold (CMX): (High: Jan//Low: Jul or Sep) Demand is usually weakest in Northern Hemisphere summer, especially August when European jewelry manufacturers are essentially shut down. Demand is greatest going into fourth quarter, during which consumption is highest as gift-giving peaks beginning with Indian harvest and wedding festivals in autumn and carrying through US religious holidays and Chinese New Year.

If this idea is appealing to anyone that would like to wait until the Free Lakota Bank discloses more information about it's business then perhaps GoldMoney might be of interest.

GoldMoney is also not fractional reserve. All of the gold and silver is routinely audited and available for delivery or transfer. They even have a digital gold currency system availble, like PayPal with grams of gold instead of dollars. Oh, and your gold and/or silver is fully insured and secured in vaults in London or Zurich.

At the bottom of this link there are some good books on hard money and banking.

Just so everyone is clear the Republic of Lakotah denied any affiliation with the Free Lakota Bank on Dec. 5th with the following post that appears on their website (at link):

?FreeLakotaBank?
The Republic of Lakotah is in NO WAY associated with this new “freelakotabank.” Caveat Emptor!
If you navigate to the “Management” of this “bank,” you will notice that the managers are “coming soon.”

Being a member of the Standing Rock Sioux (or Lakota) and a strong advocate of Austrian economics I was very excited to hear about the new Free Lakota Bank. However, I was unable to get a hold of a representative when I called the phone number from their website to inquire about their vault storage facility, etc. Upon further investigation, it appears that the only connection that the Free Lakota Bank has with the Republic of Lakotah is that their respective founders, Canupa Gluha Mani (aka Duane Martin, Sr.) and Russell Means are both advocates for Lakota freedom.

I hope that more information is made available on this Free Lakota Bank soon. And if it proves to be legit I wish it much success.

the first year anniversary of the free lakota republic declaration of independence to the united states congress is coming in 12 days (december 20, 2007).

ask, "is the free lakota nation declaration a popular movement within the lakota tribe confederacy or is the declaration only amongst activist-politicians like Russell Means, who is not an elder nor had elder support, according to lakota news sources?"

could this new coin be no more useful than monopoly money?

if it is a true and real popular movement within the states of montana, wyoming, nebraska, north and south dakota, what could the lakota people possibly do to move all those who are against it out of those states?

if the lakota people have a legal right to withdraw from treatise with the US govt and hold a legal right to property in the region, how easily could the US do the same and null and void all reservations? or worse, move the national guard in and virtually have a police occupation in the middle of north america?

i don't think this new coin will move forward much, but it has been a year since the declaration and now they have a national bank similar to a credit union but with its own "legal" tender, so i might be wrong.

mindless, the lakota are going about it peacefully and without threat or even unfriendliness to anyone. we should consider their new country as their old country anyways and see if we, americans, can do better with these issues than the mess on the other side of the world, me thinks.