When a Central Bank Becomes a Ponzi Scheme

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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.

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0:00 - 1:58 Intro
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

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