As Lebanon’s currency hits new lows, Nasser Saidi, founder and president of Nasser Saidi & Associates, and former Lebanese minister of economy and industry, discusses why the country’s financial crisis is “the biggest ponzi scheme.”
Lebanon’s currency plunge is ‘the biggest financial crash in history,’ says former minister
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Fri PLASTINA GAZ izrael
AMERICA’S DEAD……NOT COMING BACK. TEXAS MUST SECEDE NOW
Then go ahead, make my christmas!
Since bitcoin could get to 58k so quickly then 150k ending of this year is very possible….
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How can I become a Bitboy? Should I whale dog coins with diamond hands?
@hu hg Mr Ragar is on Whats_App
@Jessica Richard is this the leader of the bitboyz?
Perfect example of democracy taken over by corrupt political elites. Lebanon need some patriotic young leadership to takeover and hang all these crooks.
So, will US American hero Biden save Lebanon from humanitarian crisis?
I am not moved to care about Lebanon. So much has been wasted on Lebanon. I remember my countrymen, 241 U.S. Marines, who were murdered, along with 58 French, during the 1980’s peace keeping missions. No bailouts for Lebanon.
Wow, expecting a Villian to save… ???
He has his hands full saving his own country, and his country has better future prospects than any middle eastern country.
@Michael McFeely Biden just sent 500 billion to lebanon, he just said lebanon is an important demographic terror harbor for hezbollah so we must help them, only 500 billion though.
A burger costs 17 dollars lmao fck Lebanon
Bruh these people acting like the west can do anything with their knee bent to china.
Exactly what the world needs. More violence and force.
So, Hezbollah is part of your government? Oh dear. Your country is a failed state.
time for Lebanon to die. It will become part of Israel. hahaha!
Results of Wild Wild West propagandas , meddling and CIA. Well done. Another victims country. Pity Lebanese.
We in the USA are quickly going down the crapper too with only the “Elite” living like Kings and Queens and the rest begging.
It is still not comparable. You still produce stuff, do things that are valuable. The Lebanese have shot themselves in the foot…many times over, at the end they even waged War in Syria by HEZBOLLAH.
Far from it.
the antifa traitors will be the ones to suffer the most. the instant the rule of law ends? their families are going to be eradicated. You globals and foreigners dont have much time
This guy has made the best analysis of the problem lebnanon is facing right now
They don’t have money, they have worthless fiat paper currency. Real money has intrinsic value. They have monopoly currency. Paper and electronic currency have no value of themselves, only what is ascribed to them by blind belief. They are intrinsically valueless. Actual money has a value because it is rare and costs great energy to create. Gold and silver represent the energy they cost to mine and their rarity. This is why they qualify as money. Will you all not learn before the very same happens to your facsimile currency. US dollar has lost over 95% in the last 50 years since going of the Gold convertibility and went off bi-metal Silver in the late 1870’s. A bi-metal system disciplines human nature to a fixed limited useful resource as money and the coinage should have no ascribed value, only a fixed weight, allowing its percived value to float comparatively to productivity, as it will anyway There is no other way to save humans from human nature IMHO.
Sell the land to pay the debt
It was capitalism that lead to it’s downfall, because Lebanon is only capitalist country in middle East since it’s independence since 1940’s and capitalism only favors the wealth elite, corruption and lobbyists.
To fix Lebanon you would probably have to use the USA and Venezuela as a reference after using USA as a financial reference to fix Venezuela.
Venezuela, Lebanon, South Africa, now soon Greece, then Ireland, the UK….the US too very soon…. world is going to implode on schedule…..
These people needs to sanction more… They all are responsible for terrorism and their own misery