D'rok
Free Barbarian on The Land
- Joined
- Dec 29, 2006
- Messages
- 6,399
I think you're wrong about that. It's an out an out scam designed solely to separate the gullible from their money. See here:Yes, I'm not saying the Lawful bank is a good idea, or that the person promoting it does not hold unreasonable positions on other issues. But if someone came to me and said "I don't believe in any freeman legal claims, but I would love to do my banking at a bank governed by freeman philosophy, so I'll try to start one," I would have to admit that there are is no fantasy element to this plan. It is a possible thing that could be done. Trying to gain support for this idea would not be deceptive in the way that typical freeman legal claims are.
http://www.youtube.com/watch?feature=player_detailpage&v=I4ZcTwsubzk#t=1431s
Hayes proposes to take $100 (British Pounds, actually) from each depositor, "retire" that money (or, more likely, retire on that money), and then issue $1000 credit in the Lawful Bank's own (obviously worthless) currency. It's a scrip scam.
It would be different if Hayes was proposing a Credit Union. He's not.
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