2021-03-14

Currencies Are Collapsing: Lebanon Edition

Food prices are soaring again, and food importers are running into trouble.

ZH: "We Are Hungry" - Violent Protests Erupt As Lebanon 'Hyperinflation' Accelerates

Despite the government’s attempt to crack down on illicit trading, Lebanon's currency collapse has accelerated and with it the economy and people's living standards. It appears the Lebanese people have had enough, and widespread protests pose the biggest threat to the nation's stability since the 1975-1990 civil war...
If there is severe chaos in major American cities this summer, borderline civil war/urban chaos with body counts running into the hundreds by the day, then maybe we'll be talking about a tumbling dollar this summer. Otherwise, the fires are starting overseas and will slowly burn towards the core. The migrants already coming are nothing compared to what's coming if foreign currencies collapse and starving armed hordes pour across open borders. If you haven't prepared necessities and defense, and don't have an exit plan in a city (get out before the roads are jammed and public transit shuts), there's not much time to prepare. Democrats will pass gun control to prevent gun buying, ammo is already hard to come by. The missing items during the lockdowns will continue even with no lockdowns because inflation distorts consumer and producer behavior, such as preppers buying 1 year supply. Everyone starts hoarding ahead of and during inflation because it's one of the ways to preserve purchasing power.

No comments:

Post a Comment