A little update.
Most of Andorran bank's USD assets are locked on intermediate accounts of US banks.
US banks got an order from FinCEN to freeze all assets of that bank and they have started process with the goal to confiscate all the USD they have locked.
The rest of non-USD assets is arrested by Andorra govt. So, absolutely healthy and successful bank is literally being looted now and in a few days will declare bankruptcy.
All depositors will lose the most of their money on their accounts. Now they are allowed to withdraw only 2.5K EUR per week.
Most of Andorran bank's USD assets are locked on intermediate accounts of US banks.
US banks got an order from FinCEN to freeze all assets of that bank and they have started process with the goal to confiscate all the USD they have locked.
The rest of non-USD assets is arrested by Andorra govt. So, absolutely healthy and successful bank is literally being looted now and in a few days will declare bankruptcy.
All depositors will lose the most of their money on their accounts. Now they are allowed to withdraw only 2.5K EUR per week.
This had to be expected. Russia and China are now establishing an economic alliance based on direct trade between them and settlement of accounts in their national currencies, no longer in the US dollars. So the US is precipitously losing ground under their feet and pretty much running out of time. They simply cannot but loot those who are the weakest among the rich, trying (though ultimately in vain) to retain their world domination, and buy some time for themselves. Europe is the best candidate for looting out there...
