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free lakota bank
by Eugen Leitl 28 Nov '08

28 Nov '08

(probably a scam, but still interesting) http://www.breakthematrix.com/node/30054 Free Lakota Bank b Preliminary Assessment Posted by GaryL on Wed, 11/26/2008 - 01:43 in With the launch of the Free Lakota Bank, The Free & Independent Nation of Lakota has launched a frontal assault on Wall Street, The Fed, and International Bankers. Native Americans are historically known for their strong spirit, patience, and stealth, not to mention their very advanced war making strategies. The launch of this banking concept seems to display all of these characteristics in spades. While The Free & Independent Nation of Lakotabs formal secession from the United States passed last year with little comment or reaction, this latest development will likely raise many eyebrows around the world. Ultimately, official reactions will be based on how individuals and markets respond to the offerings of their bank. The Free Lakota Bank has well-baited its hook by the sheer elegance of their banking model, some features being 1. Only Gold or Silver Holdings, but with a preliminary period where they will accept Federal Reserve Notes and convert them to metal. 2. Completely Anonymous b No names or Social Security Numbers attached to accounts. 3. Two-Tiered Security b SSL Online username, using a strong keystroke encryption program; followed by an automatic phone call for the user to enter a PIN number. 4. An incredibly inexpensive monthly fee for account maintenance (0.00005 service fee or 5 cents per thousand when calculated at present silver spot). 5. A b General Investment Fund;b which allows a waiver of investorsb maintenance fees and earns a current annual rate of return for the Fund of 7.24%. 6. A lending philosophy that is a blend of classic Muslim banking and the largely unexploited market of b Micro-loans.b Their model presents on our continent a system not unlike a numbered Swiss account, and with features and benefits that are appealing to both individual and larger, institutional investment vehicles. They offer this investment alternative precisely at the time when investors are under great pressure by economic conditions. After some due-diligence, it would not be surprising to see large accounts divesting and shifting to The Free Lakota Bankbs b General Investment Fund.b While there may be something of a b who blinks firstb dynamic involved, it is likely that once one large fund would make such a move, it would be followed rapidly by many others possibly precipitating a significant Wall Street b event.b Therein lays the elegance of what this writer perceives to be a carefully set out plan b a well calculated and executed frontal assault, exploiting critical infrastructure vulnerability. It would be wise to watch developments closely as there is potential of a very strong response from the U.S. Government at the prompting of the Fed and its underlying banking interests. The type and nature of such response could draw some significant lines of demarcation, and prompt decision making modes likely uncomfortable for some. More to follow -

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Prosecutors gather evidence on secret BT-Phorm trials
by Eugen Leitl 28 Nov '08

28 Nov '08

Original URL: http://www.theregister.co.uk/2008/11/27/cps_phorm_evidence/ Prosecutors gather evidence on secret BT-Phorm trials 'Implied consent' to be probed By Chris Williams Posted in Telecoms, 27th November 2008 11:42 GMT The Crown Prosecution Service (CPS) is gathering evidence on BT's covert trials of Phorm's ISP-level adware system to help it judge whether it is in the public interest to allow a private prosecution for breach of wiretapping laws. CPS lawyers have asked to see the file handed to City of London police in summer. After interviewing BT executives in September this year, the financial district's force declined to bring charges (http://www.theregister.co.uk/2008/09/22/bt_phorm_police_drop/) It said that the tens of thousands of customers whose communications were hijacked and profiled during two tests in 2006 and 2007, which were revealed by The Register, had given implicit consent. Frustrated campaigner Alex Hanff then wrote to the CPS for leave to bring a private prosecution under the Regulation of Investigatory Powers Act 2000. A CPS spokeswoman confirmed on Wednesday that the Complex Casework Centre is working on the case. The file handed to police included BT's internal technical report from 2006, which we obtained earlier this year (http://www.theregister.co.uk/2008/04/01/bt_phorm_2006_trial/) It describes the the first trial as "stealth" and says customers were not told their wire was being tapped "as one of the aims of the validation was not to affect their experience". The CPS will determine whether there is sufficient evidence the secret testing was against the law and whether it would be in the public interest to bring a case to court. The file will then pass to the Director of Public Prosecutions Keir Starmer QC, who will have final say. If he gives consent, the prosecution will be brought by CPS lawyers, despite being a "private" prosecution. Such trials are very rare. The CPS spokeswoman was unable to estimate how long the process will take, but several months is not unheard of. She said it was likely deliberations would again focus on the question of whether BT and Phorm had any consent to intercept traffic. BT has always maintained it took legal advice that the trials were legal and always declined to produce that advice or give any details of its basis. Meanwhile, the European Commission is considering the Department for Business, Enterprise and Regulatory Reform's response to its second letter asking for an explanation of why no action has been over the trial. A Brussels spokeswoman said the UK responded to the October 6 letter on November 13. The second EU letter contained "detailed questions on how the UK authorities have protected the privacy of UK citizens with regard to Phorm in the past, and how they intend to do so in the future," she said. "The Commission is currently analysing the response." If the Commission believes authorities failed to enforce European privacy directives it could bring a case against the UK at the European Court of Justice in Luxembourg.

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