Limited time: get 6 free stocks when you sign up to moomoo and deposit $100 and 15 free stocks when you deposit $2,000. Use link https://j.moomoo.com/00iPZo
In this video we go over the recent economic troubles in Lebanon and why the World Bank recently called the country a ponzi scheme. They are now facing 50% unemployment, 80% poverty, and hyperinflation.
Check out our new podcast on Spotify: https://open.spotify.com/show/4UZL13dUPYW1s4XtvHcEwt?si=08579cc0424d4999&nd=1
0:00 - 1:58
1:59 - 3:02 moomoo
3:03 - 3:57 Lebanon's economy
3:58 - 5:13 Syria civil war
5:14 - 5:38 Currency valuation
5:39 - 8:38 Ponzi scheme
8:39 - 10:36 Financial collapse
10:37 - 11:48 Beirut explosion
11:49 - 12:30 Poverty
12:31 - 13:40 Bank robberies
13:41 - 15:32 Central bank governor
15:33 Failed state
Sign up to our daily newsletter for free: https://wallstreetmillennial.com/newsletter
Email us: Wallstreetmillennial @gmail.com
Support us on Patreon: https://www.patreon.com/WallStreetMillennial?fan_landing=true
All materials in these videos are used for educational purposes and fall within the guidelines of fair use. No copyright infringement intended. If you are or represent the copyright owner of materials used in this video and have a problem with the use of said material, please send me an email, wallstreetmillennial.com, and we can sort it out.
#Wallstreetmillennial #lebanon #moomootrading
––––––––––––––––––––––––––––––
Buddha by Kontekst https://soundcloud.com/kontekstmusic
Creative Commons — Attribution-ShareAlike 3.0 Unported — CC BY-SA 3.0
Free Download / Stream: http://bit.ly/2Pe7mBN
Music promoted by Audio Library https://youtu.be/b6jK2t3lcRs
––––––––––––––––––––––––––––––
In this video we go over the recent economic troubles in Lebanon and why the World Bank recently called the country a ponzi scheme. They are now facing 50% unemployment, 80% poverty, and hyperinflation.
Check out our new podcast on Spotify: https://open.spotify.com/show/4UZL13dUPYW1s4XtvHcEwt?si=08579cc0424d4999&nd=1
0:00 - 1:58
1:59 - 3:02 moomoo
3:03 - 3:57 Lebanon's economy
3:58 - 5:13 Syria civil war
5:14 - 5:38 Currency valuation
5:39 - 8:38 Ponzi scheme
8:39 - 10:36 Financial collapse
10:37 - 11:48 Beirut explosion
11:49 - 12:30 Poverty
12:31 - 13:40 Bank robberies
13:41 - 15:32 Central bank governor
15:33 Failed state
Sign up to our daily newsletter for free: https://wallstreetmillennial.com/newsletter
Email us: Wallstreetmillennial @gmail.com
Support us on Patreon: https://www.patreon.com/WallStreetMillennial?fan_landing=true
All materials in these videos are used for educational purposes and fall within the guidelines of fair use. No copyright infringement intended. If you are or represent the copyright owner of materials used in this video and have a problem with the use of said material, please send me an email, wallstreetmillennial.com, and we can sort it out.
#Wallstreetmillennial #lebanon #moomootrading
––––––––––––––––––––––––––––––
Buddha by Kontekst https://soundcloud.com/kontekstmusic
Creative Commons — Attribution-ShareAlike 3.0 Unported — CC BY-SA 3.0
Free Download / Stream: http://bit.ly/2Pe7mBN
Music promoted by Audio Library https://youtu.be/b6jK2t3lcRs
––––––––––––––––––––––––––––––
Lebanon was NEVER a thriving country. Their economy has been on a downtrend since the end of French colonial rule, and before the French came they were all sustenance farmers so…
Lebanese banks are also basically loan sharks as what rules there are in Lebanon are never enforced and most banks are ma and pa ventures (literally). The banks don't trust each other and refuse to cash each other's checks because the only thing more common than hot checks is paranoia about hot checks. This forces people to rely on expensive wire transfers, and they are generally unable to withdraw money as the banks are systemically insolvent and even if there was bank insurance the government would not be able to pay since they are also insolvent.
Banking in the turdworld…
From the clip Title, I thought you were talking about The Fed!!!
Thanks for this overseas economy crisis.
Don't be pegged!😄
every failure is because of a greed.
if u look at it like that wouldnt every bank be a ponzi scheme
Wow
This is why decentralized currency is the future 🪙
Fed be like: hold my beer
I heard rumor that Lebanon suicide rates increase since 2021.
Some people just run away or just disappear for not paying debts.
One of these days, I really want to hear the story of a government who when faced with the decision of cutting social programs and finding new ways to become more economically diversified or just continuing doing what they're doing and printing infinitly more money to fund it actually choosing the first option even though it'd be less popular in the short term
"Pegged to another currency" seems to be a secret word for definite failure
Can I steal my neighbors' turkeys?
More than on the verge, this is the look of a early stage failed state. There is no reversal in sight.
these are the same idiots in Lebannon who supported the international terrorist group Hezbollah and harbored the international fugitive Carlos Ghosn. They love to protect evil and rich while stealing deposits from the poor.
From 2020 number of Economies falling is scary High
Aren't they all?
😂😂😂😂😂BOOOOM
Well well…
is Turkey not doing something very similar?
Repeat after me: pegs don’t work
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
Wall street millennial will have a field day with everything thats happening to the world rn, talk about UK currency dropping to its lowest
How can you rob a bank if you are just getting your rightful funds, you're just making a withdrawal?
If the bank are refusing to give people their money, they are the criminals.
The people of Lebanon I have found to be beautiful and warm. It is such a shame everything that has happened to them.
Nice scheme. Can't see what could go wrong.