press.freelakotabank.com — 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 All of our deposits are liquid, meaning they can be withdrawn at any time in minted rounds.
Nov 24, 2008 View in Crawl 4
vaultNov 25, 2008
It's probably just a scam to steal gold. That's actually a clever idea come to think of it.PS I like how the "about the management" is "comming soon" <a class="user" href="http://press.freelakotabank.com/aboutfreelakotabank_management.php">http://press.freelakotabank.com/aboutfreelakotaban ...</a>
cle2105Nov 25, 2008
Yes we should, the dollar is doing well you idiots. You just watch Youtube videos of Ron Paul and Fed conspiracy theorists and suddenly think you know everything about economics. Who f**king cares if it is based on debt? Right now the interest rate is at 3%, that's practically free money. Every other country in the world sells bonds too, and guess what, American investors own a s**t ton of them. Like gold is any more reliable? It's not like we use it for anything. The hope that people will forever think gold is "precious" is as sound as people thinking the dollar is valuable. In fact, your arguments would be much more sound if you used barrels of oil or bushels of wheat instead of gold. But whatever, go ahead, keep watching your conspiracy theory Youtube videos and s**tting on America while it's still in style. I'm going to go buy stock and we'll see who's laughing in 5 years. f**king idiots
Closed AccountNov 25, 2008
cle2105 check out the chart of the US$ since the Federal Reserve took over in 1913.I do own quite a bit of FRNs, but I am diversifying out. I think all sane people ought to.
liberviscoNov 26, 2008
I wish you were right and everything truly was so rosy about the dollar. And I wouldn't exactly advise against buying stocks either, I just wouldn't advise banking on it exclusively. Take it from Harry Brown on investments, diversify between stocks, bonds, gold and cash when investing long term. That'll cover you for all major economic situations; prosperity, deflation, inflation and recession. I personally brought it down to only silver and cash since I think that about covers it since recession and prosperity usually are tied to inflation or deflation at the same time. And gold is going up during inflation while cash is going up during deflation. :)That said, I'm fairly convinced that the fractional reserve system is unsustainable. A monetary system we have is dependent on perpetual and slowly increasing debt. And when money is debt this means an a forever increasing amount of consumption of resources even without new inventions that actually allow for such increases. This means that our economy is literally taking the wealth that doesn't actually exist. Such a thing is obviously bound to collapse sooner or later.Silver, gold or hell even those barrels and bushels you're talking about are a real resource, not just some abstractness you can literally imagine into "existence" like numbers backed by nothing except someone's promise of debt. It doesn't even matter whether gold or silver is used for anything as significant as barrels of oil and bushels of wheat. That's not the point. The point is that it's REAL, that you have to dig it out, that it is scarce, it is not something that you just imagine into existence. THAT is what makes it a valid measure of value.Besides, what use is there for your paper dollars? Wiping asses? Starting a very short lived fire? What about numbers? Keeping you entertained with rudimentary math? You say gold and silver isn't even being used for anything yet you rely on something even less usable.