FINANCIAL CRISIS (BEIRUT LEBANON 2021)

 

Government money printing won't result in the creation of any new wealth or value.The number of the destitute will increase.Consequently, civilization also collapses when the currency does.

 

FINANCIAL CRISIS

 

Lebanon financial crisis 2021
Medicine, food, fuel, and electricity shortages
 And anyone who can leave is leaving in any way possible.
 
THE POLITICAL SIDE:

The same political parties and individuals who have been held accountable for years of corruption and poor administration keep winning elections. Additionally, there is a trap that people fall into when they question what their government will do!

It is challenging to stabilize Lebanon, which is disintegrating on numerous fronts.

Even worse than the Venezuela crisis, Lebanon is on the verge of collapse.

Lebanon reached the point where Venezuela was after six years in less than two years.

 CURRENCY CRISIS

There is a MASSIVE currency problem in Lebanon.

Food costs are increasing by 100%, making it more difficult for families to survive.

Inflation is really high.

The value of the money has fallen to nothing.

The Lebanese pound is pegged to the US dollar, and while the exchange rates were set at 1500 pounds to the dollar, they are now 20,000 pounds to the dollar, and the economy isn't that strong to support that peg..

But they discover that they are no longer able to do it. As a result of the currency meltdown, which has seen it lose up to 90% of its value in the last two years, people's savings are being destroyed and are now worthless.

Additionally, the retirement funds had been taken, making the employee's pay worthless.

Therefore, if your country's currency is worthless, importing things becomes much more expensive than before, and when interest rates rise, the economy of the nation suffers. Since Lebanon imports almost everything, including its own fuel supply, there is now a fuel crisis on top of the financial problem.

THE FUEL CRISES

Hour-long queues of people waiting to fill up their automobiles with fuel so they can continue to go to their jobs.
 

When the government is unable to pay for the basic needs of the people, prices start to rise.

The cost and difficulty of a transportation option had greatly increased.

  So the fuel crises have a huge effect on people

    

Even drinking water costs four times what it used to.

             

 People established charitable organizations and donations to aid as many people as they can since they feel abandoned. When people consider being alone, they get quite desperate, which is a serious issue.

Political crisis: 

They are always divided and at odds, and little gets accomplished in the end.

Politicians are solely interested in serving their own interests, not that of the nation or its citizens.

People demonstrated in all regions of the country in 2019, which was two years ago.

Prior to receiving the enormous and overwhelming problem that struck every Lebanese person in the heart.

In 2020, a horrifying explosion occurred in Beirut, and once again, politicians were blamed by the public.

The US dollars:

Because the nation has been so poorly managed for a very long period, the country needs to inject money into the economy, which will temporarily halt it from collapsing.
 

   ONLY A NEW

 SYSTEM

 CAN 

RESCUE 

THE COUNTRY FROM

 FALLING.