
“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:
Paul Craig Roberts: Growing Up In America
FATCA: 'Simple premise' gone terribly wrong
The Devil's Chessboard: How the First CIA Director Collaborated With Nazis
Losing Velocity: QE and the Massive Speculative Carry Trade
Jeffrey Tucker: We’re All Edward Snowden Now
Bill Bonner: Too Busy to Read Ben Graham? Do This Instead…
Rand Paul: Helping Syrian rebels a dangerous risk
Satoshi’s Genius: How Bitcoin Dodged Some Cryptographic Bullets
Small minds, big ideas: The implications of the IRS targeting anti-tax groups
The Man Who Was Treated for $17,000 Less
Ron Paul: Haven’t We Already Done Enough Damage in Iraq?
Is America A Police State? Marc Victor @ Casey Conference
Bootleggers and Baptists
Americans – Like Nazi Germans – Don’t Notice that All of Our Rights Are Slipping Away
Rulership's Last Stand: Is the Government Out to Eat You?