Lebanese banks have been imposing restrictive informal capital controls as the country has spiraled into its worst economic crisis in decades. Currency withdrawals are limited to between $50 and just a few hundred dollars a month.
Max Keiser and Stacy Herbert discuss what people around the world can do to transfer their wealth out of the collapsing banking system.
In Lebanon we have a test case of what is better, gold or bitcoin, Max says.
He explains: “People are selling gold to buy bitcoin. That proves that bitcoin is a greater and more portable store of value than gold. And that’s going to be the story all over the world.”
https://www.rt.com/business/482753-bitcoin-savior-financial-crisis/
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