Follow Slashdot blog updates by subscribing to our blog RSS feed

 



Forgot your password?
typodupeerror

Comment Re:looks like a scam to me (Score 1) 15

welcome. this one was pretty easy. I'm thinking Rob Gray is likely a von NotHaus patsy, and doesn't even realise it. He's calling it currency, that makes it a federal violation. He's using the net, and probably phone lines, which immediately doubles up to interstate wire fraud. Calling it a bank is likely another felony. Canadian server ain't going to save him, and may in fact be an enhancement. This doesn't even begin to reach into messing around with other people's securities without a license. Yet, just a skimming search points directly at him from all directions. The guy is a fool, probably believes the crap about the laws being unconstitutional. He didn't come up with this scheme all by his lonesome.

Comment looks like a scam to me (Score 1) 15

The Free Lakota Bank website promises to safeguard other people's precious metals for a fee.

When you bank with Lakota, you can expect us to safeguard your property with our lives. We will defend it from theft by looting or force. We will charge you a fee for this service.

Yet, nowhere on the website of Free Lakota Bank is there any mention of their physical location. There is also no mention of a third-party entity serving in the capacity of auditor or providing any verification of their claims.

Within the claims made by the Lakota Bank, there is the implied assertion they they will not use your deposits to secure any financial instruments, nor will they use it for loans. They have a separate, "General Investment Fund", for these purposes. Since they claim they are only securing your deposits, they charge a service fee of: 0.005%/mo OR 0.06%/yr. That is a nonsensically low fee in return for the service promised. This is a very typical part of a scam. You receive something at much less than its true value. Where do they get their end?

The Lakota Bank does not claim they have been licensed by any entity. They state that: "we issue, circulate and accept for deposit only AOCS-Approved silver and gold currencies" and they imply some sort of affiliation when stating that there are no fees assessed for: "unlimited transfers to accounts at any other AOCS bank". There can also be found on the website an image that says: "AOCS Approved". On the Lakota Bank website's Currency Promotion page can be found:

As the Free Lakota Bank does not sell silver, we invite you instead to access our Currency either through the network of AOCS Approved Currency Officers or by participating in a FreeMarketMetals.com Bulk Order. A Bulk Order purchase may be delivered to you or directly to your account at our Bank. A Bulk Order is by far the fastest and easiest way to fund your Free Lakota Bank account.

Odd that the Lakota Bank claims that they issue AOCS-Approved silver and gold currencies on one page, but then say that they do no sell silver on another.

AOCS stands for The American Open Currency Standard, and lists as contact: Rob Gray; National Currency Director; (888) 538-9990. The other place to acquire minted metal that the Lakota Bank will accept in deposit is Free Market Metals.

freelakotabank.com, opencurrency.com and freemarketmetals.com all resolve to the same IP: 205.178.145.65. It's a Network Solutions shared server, physically located in Toronto, Canada, with over 270,000 other domains hosted on it. All three domains are registerd by Network Solutions. freelakotabank.com and opencurrency.com are both registered to Rob Gray with a contact email server of networksolutionsprivateregistration.com. freemarketmetals.com is registered to an entity: "The Revolution". It's Administrative contact is rgray@revolution.gs, and address given is 7004 Bishop Road #3316, Plano, TX. It turns out that revolution.gs is also registered by Network Solutions, but to "The Revolution", and contact email server is networksolutionsprivateregistration.com.

It looks like Lakota Bank, and the two entities that it accepts metal deposits from, all point to the same Rob Gray, of Plano, TX. Can you say, "lack of transparency?" The AOCS website also lists Rob Gray as the Currency Officer from Texas, as well as being their National Currency Director.

Presently, the AOCS offers a 1oz .999 fine silver coin with a face value of $50. Presently the price of silver on the open market is $10.81/oz, effectively a $49 mark-up over the value of the metal. This is beginning to emit the foul odor of a Bernard von NotHaus scam. If you do not remember, von NotHaus was indicted as head of Liberty Dollar, and many people said the indictment was because they were about to circulate Ron Paul coins. He was marketing a 4- level pyramid scheme that greatly inflated the value of 1oz silver coins when sold to the end retail buyer.

Now if any of you think von NotHaus was or the AOCS is legit, I'm more than willing to to undersell them. For this day only, I will exchange with you 1oz of .999 fine silver for the spectacular discounted price of $30, payable only in Federal Reserve fiat currency. However, my penchant for honesty requires me to inform you would be an idiot to enter into this bargain, and that currently, it is possible to pick up 20 1oz .999 fine silver coins at Free Market Metals for the unbelievably low cost of daily spot market price + $5.25/oz, making it the cheapest of the rip-offs, at a little less than a 50% mark-up over the spot price. It should also be noted that these two suppliers of 1oz minted silver pieces will only accept payment in Federal Reserve fiat currency.

The AOCS gives props to Bernard von NotHaus on their website. Also worth noting is that Rob Gray is listed as a Liberty Dollar Dallas Regional Currency Officer, using the same phone number as is listed as the contact number for the domain, revolution.gs. Gray is also a member of The Austin Libertarian Meet-up Group (picture), and this does seem to be a mite bit redundant, but he also is a supporter of Ron Paul.

Comment if the workers are striking (Score 1) 11

to receive unpaid compensation which is rightfully theirs, resultant from a contractual agreement (union or non-union - written, spoken or inferred), they have every right to strike as a means to receive their compensation, and the government should intervene on their behalf in an effort to enforce the contract. That is an important governmental function in a free-market, is it not?

Are you supporting impairment of contracts?

Earth

World's Oldest Rocks Found 254

Smivs writes "The BBC reports that Earth's most ancient rocks, with an age of 4.28 billion years, have been found on the shore of Hudson Bay, Canada. Writing in Science journal, a team reports finding that a sample of Nuvvuagittuq greenstone is 250 million years older than any rocks known. It may even hold evidence of activity by ancient life forms. If so, it would be the earliest evidence of life on Earth — but co-author Don Francis cautioned that this had not been established. 'The rocks contain a very special chemical signature — one that can only be found in rocks which are very, very old,' he said."
It's funny.  Laugh.

Submission + - FOX commits changes to wikipedia

HNS-I writes: geeksaresexy[dot]net Has a story about wikiality in action. After O'Reilly announced that the FOX employees have been making chenges to articles on wikipedia a guy sought out the IP address belonging with the edits and started inspecting other articles on edits by the same address. The most obvious to start with were of course the ones about conservatism, democrats and Keith Olbermann.

RTFA to see the changes that were made
HNS
PS. I advice you to edit this yourselves

Feed Are Social Network Private Messages More Private Than Email Under The Law? (techdirt.com)

It's always interesting to see how courts deal with changing technology. For example, it's pretty common for courts to order emails to be handed over in certain lawsuits as part of the discovery process. However, for many younger people, email has taken a backseat to more popular private messaging features on social networks like MySpace and Facebook. In a recent court case, one side requested access to the private messages in the same manner that they would normally request access to email. However, both MySpace and Facebook have privacy policies saying they won't share the info (though, both say that they will under a court order). In this case, the court decided that it was too early to hand over access to such private messages, saying that the defendant's lawyer needed to first use other routes to try to find the information he was looking for before the court would blindly hand over access to social network private messages. It's likely that this type of request will start to become more popular in court cases -- and it may be difficult for judges to believe that social networking private messages are effectively any different than email.

Feed Controlling your Linux system processes (newsforge.com)

All modern operating systems are able to run many programs at the same time. For example, a typical Linux server might include a Web server, an email server, and probably a database service. Each of these programs runs as a separate process. What do you do if one of your services stops working? Here are some handy command-line tools for managing processes.
Space

Submission + - Scramjet Rocket Successful Test (news.com.au)

Paul Murray writes: News.com.au reports that the next test of a scramjet engine was undertaken today in the Australian Outback in a co-operative effort by the DSTO and the University of Queensland. Reaching an altitude of 530km, initially it appears that it was a success, however the goal was to reach 10 times the speed of sound, so they won't know for sure until they are able to collate all the data.
Communications

Submission + - Rogers calls for 'open' auction of airwaves

Warped_Dragon writes: Canadian cellphone pioneer Ted Rogers insists newcomers shouldn't be given any breaks in the coming auction of wireless spectrum since he believes limited regulation has led to the industry's fast expansion. "An auction is a great way of ensuring that radio spectrum goes to those who can put it to the best use," Mr. Rogers said Friday in a statement. "That's why an auction should not be rigged by special rules — it should be open." The full story can be found here.

Slashdot Top Deals

I have a very small mind and must live with it. -- E. Dijkstra

Working...