
“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 48 times, 1 visits today)
Related posts:
Everything Created Digitally Is Nearly Free--Including Money
How long copyright terms make art disappear
Internet Fascism and the Surveillance State
Is the U.S. Producing Democracies?
Bill Bonner: Price does not tell you all you need to know
“But there is no inflation!” – Misconceptions about the debasement of money
Doug French: The Market Is Rigged
Jacob Hornberger: Why Not Simply Abolish the CIA?
US Markets Are Running On Borrowed Money, Borrowed Time
The Worst Inflation in My Lifetime
Karl Hess: Tools to Dismantle the State
Why You Should Take Your “Health” Into Your Own Hands
Liberty, NORML and Marijuana Legalization vs. Decriminalization
Jacob Hornberger: Why Kennedy Had to Be Removed
Letter from Shenzhen