Protesters Are Burning Down Central Banks In Lebanon As Gov't Devalues Currency

submitted by Drewski from thefreethoughtproject.com

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[–]magnora7 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Apparently the Lebanon Pound is fixed to the USD at a rate of 1 Lebanon Pound per 0.00066 USD.

It will be interesting to watch how the currency chart changes, it's already moved a little: https://www.google.com/search?q=lebanon+currency

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

is it rothschild owned

[–]yellow_algebra_31 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

it is?

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

most are but not sure about lebanon

[–]mikipika 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Imagine you have money in the bank. It's value keeps dropping so you go to get it out. Since everyone else is trying to do the same, and since banks are allowed to keep less on hand than what is on the books, you are not allowed to get your money out. Or just some of it. A similar thing happened in India