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Money leaves from “Western” banking system as consequence of Libya asset grab

Moon of Alabama | August 17, 2011

When the U.S. promised the Libyan rebels access to Libyan government accounts I predicted that one of the consequences of this would be a retraction of sovereign funds from the “western” financial systems:

Anyone in power somewhere around the world is now advised to not keep any money in a U.S. based banking account. As soon as some idiots come up and proclaim a revolution, the U.S. will likely seize that money and give a few crumbs of it to the revolution leader. (The rest will be taken by the usual banking crooks.)

This will be one of the many blowbacks from this lunatic attack on Libya.

Today the Wall Street Journal reports:

Venezuela plans to transfer billions of dollars in cash reserves from abroad to banks in Russia, China and Brazil and tons of gold from European banks to its central bank vaults, according to documents reviewed Tuesday by The Wall Street Journal.The planned moves would include transferring $6.3 billion in cash reserves, most of which Venezuela now keeps in banks such as the Bank for International Settlements in Basel, Switzerland, and Barclays Bank in London to unnamed Russian, Chinese and Brazilian banks, one document said.

Moving its money away from accounts where “western” government can confiscate it at a whim is good for Venezuela. It takes away a major graft motive for “western” induced revolutions and thereby lowers the chances of one occurring.

For a “western” banking system that lacks basic capital the move is not a positive sign. But given the example Obama set with Libya we can expect that more countries will silently follow this move.

~

See also:

UNASUR prepares to ride out economic upturn from the North

August 17, 2011 - Posted by | Corruption, Economics, Timeless or most popular

3 Comments

  1. Excellent.

    Like

    Comment by PBG | August 17, 2011

  2. 3 articles exposing and proving uruk.net is a globalist front and disinformation shill..
    URUK.NET STILL PUSHING LIES BY SAUDI FRONTMEN AGAINST SYRIA AND IRAN.. http://thenakedfacts.blogspot.com/2011/08/uruk_18.html

    URUK.NET AND NEOCON THINK TANKS ON SYRIA. http://thenakedfacts.blogspot.com/2011/08/uruk_2673.html

    URUK.CRAP AND DISCREDITTED GULF MONARCHY MEDIA OUTLETS…http://thenakedfacts.blogspot.com/2011/08/uruk.html

    ALL RECENT…

    Like

    Comment by P.A. | August 18, 2011

  3. The US is broke and our dollar is worthless. Libya was a threat, gold backed currency versus our ?? This US led revolution in Libya only highlights the obvious, Bankers want to rule the world. Its no conspiracy its the truth. Do your homework. Rebels set up their own bank (western led) before the fight ever became intense. Its about banking nothing more. There are cruel abuses all over the world. We do Libya instead of North Korea? Oil? No there is oil all over. Nigeria would be easier to stabilize. It is about banking. Do your homework.

    Like

    Comment by observer | August 22, 2011


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