
“There are three features that distinguish the Lebanese financial system: 1. The banks have the highest cash reserve ratios in the world. 2. The central bank holds the second highest gold reserves on a per person basis. 3. Real financial privacy. Lebanon is also one of the few countries left in the world that still has real financial privacy, both in theory and in practice… just not for Americans, though, thanks to FATCA, which Lebanon has indicated it will comply with. Additionally, Lebanon ranks only behind Switzerland in terms of gold reserves per person according to this chart below from The Economist.”
http://www.internationalman.com/78-global-perspectives/983-would-you-believe-this-country
Related posts:
Bourgeois Dignity featuring Deirdre McCloskey
My Question for Simon Johnson
Will IRS Find Your Small Foreign Bank Account?
Anthony Gregory: The Bellicosity of a Democrat’s Second Term
Last Exit Coming Up
The Real Reverse Robin Hood: Ben Bernanke and his Merry Band of Thieves
Obama Has Decided That It Is Safer To Buy Congress Than To Go It Alone
David Koresh’s Revenge: Waco and 20 Years of State Terror
Paul Craig Roberts: Washington’s Drive For Hegemony Is A Drive To War
National-Security State Toadies Are Guilty Of Hypocrisy On Snowden
Choosing the Best Possible Life
The Sad History of U.S. Peace Negotiations
All the Value of Gold in the Palm of Your Hand
Civil war is the price Afghans will pay for the criminals the West installed
A Rogue State and Failed Social Visions