“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
(Visited 46 times, 1 visits today)
Related posts:
Bill Bonner: Jailhouse humour
Anthony Wile: Sit Silently ... as Bombs Burst in Air
Government's Spirit-Crushing Hatred Of Lemonade
Will Grigg: Why is it a “Crime” to Disarm a Uniformed Aggressor?
Ivan Eland: The Endless Cycle of Terrorism
Federal Reserve Policy Failures Are Mounting
What can you buy from the IRS for $50,000?
Go Directly to Jail: The Criminalization of Almost Everything [2010]
Will Grigg: The Protected Predator Class
Jeffrey Tucker: We’re All Edward Snowden Now
The Enforcement Caste's War on Women
As Predicted, Stocks Make New Highs
The Million Man Market
Why Are Your Children Buying Houses for Ben Bernanke?
You’re Not That Important