The Lebanese financial sector/ economy is sitting on a boiler without safety valve.
If you factor in what (1) central bank's governor Riad Salameh told ambassador Feltman (Wikileaks/Al Akhbar March 16) & the ensuing comments by Feltman on the 'precarious nature of the Lebanese financial sector' ("rosy picture painted by Salameh for public consumption")and (2) a request by March14 minister of finance Azour & governor Salameh, to have between $30 millions transferred to Lebanon on "US military assets" to prop the financial sector during the July 2006' aggression (Wikileaks/ Beirut# 2412) and (3) the attack by Hariri lackey Charles Ayyoub in AdDiyar (today) on Mohamad Safadi Ayyoub called Safadi a 'merchant of death' (arms merchant) and (4) the stranglehold that the US & France have over PM designate Najib Miqati and (5)'siege' by Stuart Levey of the Lebanese banking system ....... are strong indications that the order has been given to circle the wagons! The above mentioned 'symptoms' are sufficiently abrasive (in the strongest economies) to cause a total meltdown ... These are like the 'horsemen of the Apocalypse'!
Thursday, March 17, 2011
The Lebanese financial sector & the "5" horsemen of the Apocalypse!
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Hmmm... interesting. But this siege would make more sense as a threat, right? A threat to the financial sector meant to prevent the consolidation of normalcy under a non-March 14 regime. Because if the finacial sector were to actually melt down, then a Lebanese sovereign debt default couldn't be far behind, which in turn would offer the country the prospect of partial financial emancipation from the clutches of Saudi Arabia, and why would the Saudis want that?
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