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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: John Pitera who wrote (533)12/6/2017 11:51:56 PM
From: elmatador   of 13775
 
John, What if the Saudi princes arrests caused Bitcoin to skyrockets.

Consider
The princes hold huge amount of wealth abroad.
They were arrested to be shaken down so the MFS (the new strong man) gets his hands into that wealth to the Saudi treasury

Saudi prince freed after reportedly paying more than $1 billion

Saudi Prince Miteb bin Abdullah has been released after paying authorities more than $1 billion for his freedom
cnbc.com

In some cases, the Saudi government had been seeking to appropriate as much as 70 percent of a suspect's wealth, the Financial Times reported in mid-November. The settlements have the potential to channel hundreds of billions of dollars - allegedly accrued through corruption – back into depleted state funds.

If you are the family of these arrested princes, plus the ones who had not been arrested but could be as they might have got the message.
What would you do?

Before MFS orders a freeze of the assets, the princes tell their bankers to move the funds into Bitcoins to become untraceable.

Bitcoin became a sellers market
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