Just when you think it can't get worse, and then this comes along.
The Free Lakota Bank is the latest in the let's see how many Federal laws we can violate at any one time.
The fact that you sincerely and wholeheartedly believe that the “Law of Gravity” is unconstitutional and a violation of your sovereign rights, does not absolve you of adherence to it.
There's more. The "American Open Currency Standard" group is a loose association of these guys, NeoCoins, Dixie Dollar, Freedom Mint, Community Dollar, LibreCoins and, you just knew it was coming - Liberty Dollar.
One down, six to go.
The Lakota only have one casino. Perhaps they needed an additional source of income. Then again, whoever is behind the "Free Lakota Bank" may not be associated with or have the endorsement of the tribe, or, for that matter even be tribe members.
All the States incorporated daughter corporations for transaction of business in the 1960s or so. - Some voice in Van Pelt's head, circa 2006.
It's likely one of those branches of a tribe that was formed in a fast food restaurant, their "chief" has a surname like O'Malley and they profess they are subject only to their own sovereign law and the law of Jesus and God (I always find the "Christian" Indian tribes amusing, because American Indians were not very often Christians)
Supreme Commander of The Imperial Illuminati Air Force
Your concern is duly noted, filed, folded, stamped, sealed with wax and affixed with a thumbprint in red ink, forgotten, recalled, considered, reconsidered, appealed, denied and quietly ignored.
According to Monex, today's price for the US Mint's Silver Eagle (also 1 oz pure silver) is $14.75, considerably less than half the price of the Lakota "Fifty".
This Lakota Bank sound suspiciously like the (supposedly Apache-related) First Americans Bank, which also promised customers a secret stash to keep their assets out of sight of the IRS, ex-wives and creditors. The originators of that scam, two palefaces, were sent someplace where they'd get even paler.