@@ry1023.3it only benefits the US,which already has companies in their market. The behavior of American companies and generally the state as well crippled their economy and forced them to have to use the dollar,but you spin it to make it seem like they've offered a solution instead of created a problem.
One of my friends from Venezuela told me that there was even an area of the country they went to that used Bolivar, USD and Colombian Pesos. But they basically used USD for most transactions in general
@@Acedewprobably Lara. It's a state pretty close to the frontier with Colombia. Also used to happen in Maracaibo but now USD is almost the only currency used.
America crashed your economy. Like they do to any national movement that wants to break away from the international finance system. But they don't tell you that the dollar also has lost 90% of its purchasing power since 1919
You do realize that they're own political class has been corrupt to the point of plundering their economy. Lebanon has had every chance. Yet they still don't rid themselves of the very people stealing the wealth, and it's not the US. Think politicians and Hezbollah.
No, that's how you run an economy into the ground, I'm Venezuelan and I'm very familiar with this, this shit happens because muppets in power don't know how to keep an economy at float
My brother is in the Irish millitary and currently in Lebanon so when he came back for a few weeks he gave me 1,000 lira, he let me know that it was worth less then a cent.
Same thing happened in Ecuador in 1999. We had our own currency The Sucre. But our president at the time was a madman and an idiot, inflation got out of control. In the 80s 80-100 sucres was a dollar, and by 1999 it was in the thousands, it got so bad they temporarily decided to close the banks and adopt the US dollar as our currency. Ever since the American dollar has been the official coin Ecuador uses. A lot of my American friends are surprised when I tell them that you don't need to change your money when visiting Ecuador. Since our money is the exact same.
What about Peru? What about *every other country that tried communism?* What about 99% of countries that tried socialism? Yeah, all their citizens are bankrupt now.. BUT STILL! *WE SHOULD TRY COMMUNISM AND SOCIALISM HERE IN YOUR COUNTRY! IT WORKS SO WELL! EVERYONE CAN BE EQUAL.. AS LONG AS EQUAL = POOR.*
@@duckie9327No, but the USD is one of the most stable currencies and the most traded in the world. So yes, it does make sense to use that currency. Even if it's for a limited time until their own can stabilize.
That’s so disappointing. I mean we have crazy inflation in Türkiye as well, but this type of thing is not allowed and the government really is doing a lot to try to reduce foreign reliance as much as possible with more and more industries trying to become more localized
@@kyranian1155I don’t know the details of the Lebanese situation so I’m unsure what you mean. Are you insinuating that moving away from the USD is a manner of pride and gets in the way of the welfare of the people?
I was in Carigrad this summer and could pay with Euros in many places, especially at the marketplaces. Hard currencies are very sought after and exist as paralel currencies.
Crazy story time man: Flew from Dubai to Slovenia last August (2022). Just after the pandemic, haven’t seen the fam in nearly 3 years because I live in Australia and it was locked up completely. Anyways I had two bags checked in. One was the small sized one you can bring in the cabin but I was too tired to carry it around and what not so decided to check it in. After landing in Slovenia, I wanted to gibe my pops a gift i brought him, when I grabbed the bag the lock was broken. I was like shiiit, someone stole all my gifts lol. But nah, someone went in and pit like 3 million liras in my bag, fucking random 🤣
Okey so I live in Lebanon and the gas prices are very expensive like I remember when I thought that 200 Lebanese lira for gas was very expensive but now it’s 1000 Lebanese lira if you want to fill your car up like not much so 200 now is like two dollars if you want to think of it as the one dollar equals 100 Lebanese lira so 1000 is $10 for example donuts at Dunkin’ Donuts were like five lira and now it’s like 100 something
Nominally, you can charge more...but ti doesn't mean you're any wealthier. The only advantage would be you can spend/get rid of a toxic currency sooner before its purchasing power diminishes too much.
My family is from Lebanon, and basically all the money they had in the bank was withheld until the bank could transfer it into lira, making it worth 10x less than what it was before
@@tahakaan2637it's kinda funny, cause when Turkey had their hyper inflation, they just removed 6 zero's from their currency, and now they're back on track to that hyperinflation 😂
The problem is that the lira was centralized stable fiat that the government screwed up and banks screwed over the people as well. I can’t tell if you are being sarcastic or not 😂
my colleague at work was Lebanese (uk) they all look white i didn't know they were arab until he ask me if the food in canteen was halal 3 years after working with eachother its crazy how weird people started to treat him when they found out like goddamm he can move to and all white neighbourhood with no issues as long as he lies
That's why currency should always be backed by hard goods rather than the credit fiat system banks currently work on. If each stack of bills represents a specific amount of gold/silver/platinum, then you don't get to print more out willy-nilly unless you can magic out some more of the hard currency out of thin air.
It would be much better to fix the underlying problems, but meanwhile the average citizen watches their earnings evaporate, so, yes, dollarization is the answer. What do you suggest instead?
Ecuador switched to the dollar over 20 years ago and saved its economy by doing so. They have barely experienced inflation since, which admittedly I don’t understand how that works considering the US’s skyrocketing inflation, but there you have it.
En Ecuador nos cambiamos a dólares en 2001, el proceso fue dificil y los malditos banqueros sacaron una tajada demasiado grande PERO, hoy en día, nos damos cuenta que fue una buena idea.
10 месяцев назад
Hey that's Hungary RN, The local currency is so strong like a marshmallow trying to lift something heavy
I literally just visited Lebanon as an American. The Lebanese will also only take dollars that look new with no stains, marks, writing, blemishes of any sort, or general wear and tear. Or older looking bills. Credit cards are taken from almost no one so when we could we used cards while we were there at places that would take it to preserve as much cash that we took but it was rare when it happened. As Americans we have no idea how lucky we are. You can't drink the water out of the tap. Almost no places could you throw toilet paper into the toilet to be flushed. They had rolling blackouts through areas because they can't produce enough electricity for the entire country so every building has a generator. The amount of smog from all the generators and cars is crazy. No US city compares. There are so many Syrian and Palestinian refugees all over the country constanly begging for money or trying to trade you something completely useless for cash. Hezbula controls the country and there are check points all over the place and some places we had to get permission to go to and the military had our information at check points to verify we were who we said we were and not Israeli spies. Also there are no real traffic laws and driving is basically organized chaos. The country was so odd because it was a third world country that was also a hot tourist destination.
Yeah I also tend to have trouble converting USD to Turkish lira that is older or has any tears in it and my immediate reaction is to get frustrated exclaiming that it’s legal tender and they have to accept it, but that’s obviously not the case lol.
Similar to Türkiye. When I went, they’d prefer if you pay in Euros than Lira Edit: For those who said I was scammed probably can’t read. I didn’t say I had to pay Euros there, I only said they’d prefer Euros. You can still pay in Liras there but it’s a disadvantage to them because of their volatile currency. I ain’t giving any Turkish people my Pounds or Euros lol
Lira is not Turkish currency. We use Turkish Lira and even if it's degrading it's still superior than most currencies and it's economically stable...for now at least.
No they want the dollars. Even if today they convert it and sell their item for 50k then next weak it becomes 100k the sale of last weak becomes a loss as it went down in value before they could spend it
@randyjenkins8743 the dollar is extremely stable for a number of reasons despite the us government and federal reserve's nonsense. The biggest reason? It's the global trade currency. Post ww2, the us was looking incredibly strong while all other nations were incredibly unstable. France was trying to recover being conquered, England's empire was collapsing, germany was split, the USSR was the new enemy and had suffered horriffic casualties. China was a mess and struggling with the new leap forward. Japan was a devastated wasteland... you get the idea. It's also heavily backed by oil. Yes, that stuff. There's a reason it's called liquid gold. Oil is the main backing of the dollar. Annd it's really easy to see why the us resisted green energy for so long now lol.
@@M3ganwillslay Yes but I was commenting on countries like Turkey, Egypt, Pakistan, Sri Lanka etc. A lot of developing countries have seen their currency lose massive value after the war began.
@@BadThrusher as a western person, i have experienced this. Lebanese people definitely deserve better and i would quite like my government to help out, however, there are many countries in similar positions at the moment and you cannot help everyone. Its quite sad but it is reality.
@@BadThrusherMassive cope to think we will never experience this. Clearly you haven’t seen the aftermath of tornados in the Midwest or hurricanes on the east coast in the US. The fire recently in Maui proves you wrong.
Well yes, essentially. It's not really bad for anyone other than the government though, especially given the alternative. It just makes the trade smoother and the money flow. That's why it's so widely accepted. The only people against are people that want to control the global economy, and the brainwashed idiots they have swayed through propaganda
Subscribe for more videos like this RUclips.com/Uptin
Well the bad part is that I live there
And the american dollar is even worse
Welcome to capitalism at its final state! I hope you get robbed by the US criminals as much as other countries
Does anyone know why it fluctuate so much?
country lost freedom. bye bye
@Theactualclips the currency
I'm a millionaire! I can finally afford a meal!
😭
Lets hope no one has to be a millionere to afford food😢
Imagine being so rich while being so poor at the same time 😂
@@rimonislam6924oh shit
@@rimonislam6924Zimbabwe: 😬
“How much does this cost.”
“Five dollars.”
“Okay……. How about now.”
THANK YOU USA STOPPING GENOCIDE HELPING SMALL KOSOVA STOPPING THE WRONG FIGHT
"OMG that's a great price! Outta my way! I gotta get to the register before it goes up!!"
"Five liras--no, that's ten liras--ah, no, sorry it's 15 liras--F it! Give me 1 US dollars!"
250.93
😂
As an argentinian, i totally understand
Hola boludo, salen unos amargos? Vos pagas la yerba que está cara.
@@elickson7340la yerba no esta cara, nuestros salarios fueron devaluados frente a la carga de impuestos arre
@@elickson7340 obvio pa, traete unos don satur
@@elickson7340 me puedo unir pibes? Yo llevo el agua, para eso si me alcanza
As an Iranian, I wish this situation ends some day soon...
Zimbabweans watching and asking "First time?"
Actually a great introduction to macroeconomics
yeah it's so great because now people can't buy food with the only currency of legal circulation
Yeah but what’s the deal, you’re using money of another country as your own?
@@robob3arit benefits both parties.
The us gets even more trade using the dollar and they get the most stable currency in the world.
@@ry1023.3it only benefits the US,which already has companies in their market. The behavior of American companies and generally the state as well crippled their economy and forced them to have to use the dollar,but you spin it to make it seem like they've offered a solution instead of created a problem.
@@josipmarinic9663I thought the main reasons were the pandemic followed by the Ukraine war. What does the US have to do with that
500,000 Iranian rial = 1$
🗿
I saw someone donating 5 million irani rial lol
that's worse than lebonan but why just Lebanon is getting attention and not iran?
@@arashmohebalizadeh3024because at first strong inflation they ditching their currency
@@ali_2500lol
Iran is understandable because it under sanctions from US and west from past several years
As a Zimbabwean, I can relate to this video😢
From Türkiye we feel your pain we have the same story... Lack of management of economy...
Day traders would have a blast living there
You can probably make millions in a few seconds just blindly entering a trade.
How??
how
@@CrimeAroundtheWorldforex
@@AllabarnBordeDODASforex
Same here in Venezuela. Not officially but you can see prices listed in USD everywhere.
One of my friends from Venezuela told me that there was even an area of the country they went to that used Bolivar, USD and Colombian Pesos.
But they basically used USD for most transactions in general
@@Acedewprobably Lara. It's a state pretty close to the frontier with Colombia. Also used to happen in Maracaibo but now USD is almost the only currency used.
America crashed your economy. Like they do to any national movement that wants to break away from the international finance system. But they don't tell you that the dollar also has lost 90% of its purchasing power since 1919
the saying “you look like you’re worth a million bucks” is an insult now💀
ah, so that's how you conquer a country without a war.
Roman Empire transformed into the Catholic Church. The British Empire transformed into the London Bank. America will transform into the US dollar.
You do realize that they're own political class has been corrupt to the point of plundering their economy. Lebanon has had every chance. Yet they still don't rid themselves of the very people stealing the wealth, and it's not the US. Think politicians and Hezbollah.
No, that's how you run an economy into the ground, I'm Venezuelan and I'm very familiar with this, this shit happens because muppets in power don't know how to keep an economy at float
@@e.m.1766yes I seen that just recently n it's the Vatican church but same same
Its,scary to be depend that much on the US dollar.. because they love wars, and can loose it all someday
This was a nice video
RUclips finally recommending me good content
oops wrong account
**then proceeds to show trash political messages and yt kids content**
next video: some goofy ass dude playing fortnite
Meanwhile Weimar Germany: Don’t print money don’t I’m warning you
A ghost behind them whispering
*America in the back ground whistling while turning on brand new presses.*
So sick of these people who claim to be acting in our interests when they clearly aren't
Who?
As an argentinian, i understand that feeling and hopefully it'll change
And now you’re goofy president will also dolarize your coin for good to serve the Us politrick agendas … goodbye to your countries financial autonomy.
My brother is in the Irish millitary and currently in Lebanon so when he came back for a few weeks he gave me 1,000 lira, he let me know that it was worth less then a cent.
Government skill issue
So the western countries ruining the middle east is not the problem i see
MASSIVE skill issue honestly
They dont have skill
They don't even have government
@@RISUPANDEYnono we have a "government", just not a government
Same thing happened in Ecuador in 1999. We had our own currency The Sucre. But our president at the time was a madman and an idiot, inflation got out of control. In the 80s 80-100 sucres was a dollar, and by 1999 it was in the thousands, it got so bad they temporarily decided to close the banks and adopt the US dollar as our currency. Ever since the American dollar has been the official coin Ecuador uses. A lot of my American friends are surprised when I tell them that you don't need to change your money when visiting Ecuador. Since our money is the exact same.
Im Peruvian and I didn’t even know that 😮
As a Venezuelan, I can relate way too much with vid ❤
You can thank US sanctions🤣
As a Turk, i can relate
That's one of the reasons why I've left Turkey
I wish Erdoğan knew what he was doing to his country..
Now the economy is falling down.
There is a serious amount of inflation but not nearly as bad as Lebanon right now
I remember the times when 1 dollar first became 4 turkish liras I was freaking out lmao now look at it, it is 27 turkish liras 💀
Turks are dumb unfortunately
@@pogCibiI got shocked when it went up to 8 lira that was when Trump was still the President or just elected to the President I'm not sure rn
As a Lebanese I can relate
as a Venezuelan I can relate
What about Peru?
What about *every other country that tried communism?*
What about 99% of countries that tried socialism?
Yeah, all their citizens are bankrupt now.. BUT STILL! *WE SHOULD TRY COMMUNISM AND SOCIALISM HERE IN YOUR COUNTRY! IT WORKS SO WELL! EVERYONE CAN BE EQUAL.. AS LONG AS EQUAL = POOR.*
As a guy who likes lesbians I can also relate
@@jonslg240Lebanese is not run by communism, wtf are you talking about.
@@jonslg240 Most sane and politically literate American:
Neither Lebanon or Peru has a communist or socialist economy.
i was so confused for a second, i thought they were talking about turkish lira
This happened to Venezuela like around 2016. I was there when it kinda started showing more and more businesses taking dollars instead of Bolivars.
😂😂😂 BRILLIANT ECONOMIC POLICY 😂😂😂
Yuh
switching to the U.S dollar is pretty smart
@@kamalamyyou can't control that currency so no it is not
(I think people hate me now...)
@@duckie9327No, but the USD is one of the most stable currencies and the most traded in the world. So yes, it does make sense to use that currency. Even if it's for a limited time until their own can stabilize.
@@duckie9327It's a better mid-term solution rather than having monopoly money.
Its so weird that some countries currency is worth literally less than monopoly money
Or v-bucks
Why does the people/government or central bank allow this extreme daily fluctuation?
Because they keep printing money. Dollar is backed by dept.
Do *you* see hyperinflation?
*Dora waits an obscene amout of time*
Very good! Gracias!
1 calorie = 2,210 lira
In case you were wondering.
Could probably eat the notes for more nutritional value.
How much is that in freedom units? 🤔
@@samuels1123😂
This was actually very interesting. Thanks for sharing.
Whoever kept their McDonald’s meals 10 years ago are making bank rn
Did those currency notes have puzzles in the back ?😂😂
Dolarization, it's also proposed in Argentina
dedollarization not dollarization
@@pulkit935no
Shity freemasonic slave state proposes slave economic system, imagine my shock.
@@pulkit935adopting the dollar is dollarization
@@germanfisch yes I know but I thought Argentina is rejecting dollar as it is now trend in many countries......sorry for that
This brings me Argentina vibes
That’s so disappointing. I mean we have crazy inflation in Türkiye as well, but this type of thing is not allowed and the government really is doing a lot to try to reduce foreign reliance as much as possible with more and more industries trying to become more localized
If I was the lebanese leader I would rather not let my pride get the better of the welfare of my people
@@kyranian1155I don’t know the details of the Lebanese situation so I’m unsure what you mean. Are you insinuating that moving away from the USD is a manner of pride and gets in the way of the welfare of the people?
@@techboy95 I'm insinuating that keeping the lira and not switching would interfere with the welfare of the people
I was in Carigrad this summer and could pay with Euros in many places, especially at the marketplaces. Hard currencies are very sought after and exist as paralel currencies.
This is very true and a sad reality for lebanon we never used the coins and now we don't even use our dollar
Crazy story time man:
Flew from Dubai to Slovenia last August (2022). Just after the pandemic, haven’t seen the fam in nearly 3 years because I live in Australia and it was locked up completely. Anyways I had two bags checked in. One was the small sized one you can bring in the cabin but I was too tired to carry it around and what not so decided to check it in. After landing in Slovenia, I wanted to gibe my pops a gift i brought him, when I grabbed the bag the lock was broken. I was like shiiit, someone stole all my gifts lol. But nah, someone went in and pit like 3 million liras in my bag, fucking random 🤣
Woah haha that's so strange
I was a bit worried tbh someone could of put anything in my bag that way lol@@nishka7
Gas Prices 💀
It costs 5 million to get a full tank for a mid sized car
Cheaper than your country
You have no idea how many times we've given the station employees 300k more or 300k less💀💀💀💀💀
Okey so I live in Lebanon and the gas prices are very expensive like I remember when I thought that 200 Lebanese lira for gas was very expensive but now it’s 1000 Lebanese lira if you want to fill your car up like not much so 200 now is like two dollars if you want to think of it as the one dollar equals 100 Lebanese lira so 1000 is $10 for example donuts at Dunkin’ Donuts were like five lira and now it’s like 100 something
@@chantylovecatschantyloveca2602$10 for a full tank of gas is high? Yeah those conversations must be off 😂
I'm about to go there and open a store called "come back in an hour" so i can charge a little more.
Nominally, you can charge more...but ti doesn't mean you're any wealthier. The only advantage would be you can spend/get rid of a toxic currency sooner before its purchasing power diminishes too much.
Venezuela has entered the chat
Turkey and Argentina: “look what they have to do to mimic a fraction of our power”
Venezuela enters the room:
😂😂😂 giving up all sovereignty oh my where do the US dollars come from?
My family is from Lebanon, and basically all the money they had in the bank was withheld until the bank could transfer it into lira, making it worth 10x less than what it was before
Dont use banks.
By gold and silver bars
@@demri123 thats basically what they did after it
I thought it was turkish lira 💀
It is similar to it if we compare the economy 😂
@@tahakaan2637gdp per capita only not gdp, gdp ppp, gdp per capita ppp
@@tahakaan2637it's kinda funny, cause when Turkey had their hyper inflation, they just removed 6 zero's from their currency, and now they're back on track to that hyperinflation 😂
@@tahakaan2637çok komik
@@ausreich Evet öyle bana laf atacağına baştakilere at
Damn. I don’t live in Lebanon anymore but my dad one bought a brand new motorcycle for 14,000 Liras. That equates to a few cents today
N-uuuuu-tella…
ITS NUT-ELLA!!!
Nut YEP
“Alright that will be 17$”
*pays with card*
*ends up paying 170$*
And I was SHAKING when a dollar became 80+INR
I was SHOCKED when I saw £1 = 300 PKR. Last time I went to Pakistan it was £1 = 100 PKR
73 to 83 seems horrible but not too bad.
Hope we recover
Yeah i remember it being 60-65 when i bought mini milita 😂
wow, it seems like a centralized, stable, centralized fiat currency solved a problem way faster than any block chain could
The problem is that the lira was centralized stable fiat that the government screwed up and banks screwed over the people as well. I can’t tell if you are being sarcastic or not 😂
Yes yes its so hard for our family to live there
Time to get into the Nutella export business
Vietnam; welcome to the club
Venezuela: Welcome to the club aswell!
My country is going thru this right now. It changes every week smh
my colleague at work was Lebanese (uk) they all look white i didn't know they were arab until he ask me if the food in canteen was halal 3 years after working with eachother its crazy how weird people started to treat him when they found out like goddamm he can move to and all white neighbourhood with no issues as long as he lies
Imagine going to buy something then they ring up the total and you’re like yea wait 2 min so the price drops💀
"We need inflation so people spend more in useless things and save less for real things"
- The Politician printing money to himself 🗿
As a Lebanese I can really relate to this and I think that we all need to help each other bass the inflation is very bad right now
That's Crazy 😢❤❤❤
Well, now that country is basically owned by USA
🤔 basically but not technically
Not how it works
They are just tying their money to the U.S. dollar. Almost every country did this after WW2 since their economies collapsed.
@@za.monolitit is tho
@@Latvijas_shiela no it's not
That's why currency should always be backed by hard goods rather than the credit fiat system banks currently work on. If each stack of bills represents a specific amount of gold/silver/platinum, then you don't get to print more out willy-nilly unless you can magic out some more of the hard currency out of thin air.
Hence proxy wars ...... thin air money vs stolen minerals.... or have we got both 😂
It's happening in my country too. So many things are going into $ now
As a Lebanese I can also relate
Dollarization is never the answer
It would be much better to fix the underlying problems, but meanwhile the average citizen watches their earnings evaporate, so, yes, dollarization is the answer. What do you suggest instead?
Ecuador switched to the dollar over 20 years ago and saved its economy by doing so. They have barely experienced inflation since, which admittedly I don’t understand how that works considering the US’s skyrocketing inflation, but there you have it.
The price people have to pay for tolerating corruption. Now, they're suffering.
Oh trust me we are
En Ecuador nos cambiamos a dólares en 2001, el proceso fue dificil y los malditos banqueros sacaron una tajada demasiado grande PERO, hoy en día, nos damos cuenta que fue una buena idea.
Hey that's Hungary RN, The local currency is so strong like a marshmallow trying to lift something heavy
The price changes way too fast I cant keep up
This is the same in Nigeria…9 years ago, exchange rate to USD was $1/190
Now it’s over $1/1000 naira
The dangers of fiat currencies
When it comes to imports, it’s really sketchy depending on if your paying once it’s loaded on the ship or when the ship arrives at port
I literally just visited Lebanon as an American. The Lebanese will also only take dollars that look new with no stains, marks, writing, blemishes of any sort, or general wear and tear. Or older looking bills. Credit cards are taken from almost no one so when we could we used cards while we were there at places that would take it to preserve as much cash that we took but it was rare when it happened. As Americans we have no idea how lucky we are. You can't drink the water out of the tap. Almost no places could you throw toilet paper into the toilet to be flushed. They had rolling blackouts through areas because they can't produce enough electricity for the entire country so every building has a generator. The amount of smog from all the generators and cars is crazy. No US city compares. There are so many Syrian and Palestinian refugees all over the country constanly begging for money or trying to trade you something completely useless for cash. Hezbula controls the country and there are check points all over the place and some places we had to get permission to go to and the military had our information at check points to verify we were who we said we were and not Israeli spies. Also there are no real traffic laws and driving is basically organized chaos. The country was so odd because it was a third world country that was also a hot tourist destination.
Jesus Christ man that’s not that uncommon and it’s by no means a “third world country”
Yeah I also tend to have trouble converting USD to Turkish lira that is older or has any tears in it and my immediate reaction is to get frustrated exclaiming that it’s legal tender and they have to accept it, but that’s obviously not the case lol.
You re Allright keep up dispensing of the truth. Stay safe!
As a Venezuelan, U have no Idea bro 😔
finally someone talking ab this. its insane how we cant even be sure of the price of a single thing a couple minutes after buying it
Similar to Türkiye. When I went, they’d prefer if you pay in Euros than Lira
Edit: For those who said I was scammed probably can’t read. I didn’t say I had to pay Euros there, I only said they’d prefer Euros. You can still pay in Liras there but it’s a disadvantage to them because of their volatile currency. I ain’t giving any Turkish people my Pounds or Euros lol
Nah u be capping Turkey isn't that down bad u probably went to one of those ultra expensive places that are mostly tourist scams
You, my friend, got scammed hard
Lira is not Turkish currency. We use Turkish Lira and even if it's degrading it's still superior than most currencies and it's economically stable...for now at least.
Where you in the European part of turkey?
I just returned from turkey and everything is in TL
@@meoqtxyeah sure 🤣
Actually smart how they do that
You use usd pricing and update the conversion at the counter
Not really
No they want the dollars. Even if today they convert it and sell their item for 50k then next weak it becomes 100k the sale of last weak becomes a loss as it went down in value before they could spend it
That's horrible 😢
Same is happening here in Argentina
The reason dollar remains stable despite every economic issue in US
You have it backward. They are using USD because its stable, not that its stable because they are using it.
@@DragonRider520 Ye sbut demand for the us dolllar does keep it stable.
@@DragonRider520you missed the point the doller is stable because so many people use not because federal reserve is good at their job.
@@DragonRider520no you have it backwards 😂 no one wants our worthless dollar we force them to all while looking down the barrel of a rifle
@randyjenkins8743 the dollar is extremely stable for a number of reasons despite the us government and federal reserve's nonsense. The biggest reason? It's the global trade currency. Post ww2, the us was looking incredibly strong while all other nations were incredibly unstable. France was trying to recover being conquered, England's empire was collapsing, germany was split, the USSR was the new enemy and had suffered horriffic casualties. China was a mess and struggling with the new leap forward. Japan was a devastated wasteland... you get the idea.
It's also heavily backed by oil. Yes, that stuff.
There's a reason it's called liquid gold. Oil is the main backing of the dollar.
Annd it's really easy to see why the us resisted green energy for so long now lol.
Everything should be priced in metals. That shit is solid
That'll be three Slayers. I'm sorry, sir, we don't take St. Anger.
@@gravityissues5210
The metal Gotham deserves, but not the metal it needs right now.
Yeah give them dollars so they can evade u later better 😂😂😂😂😂
Same situation as here in Zimbabwe
This will be Turkey in 2 years…
Egypt too, pretty crazy how much crisis the Ukraine war has started. Almost like a domino effect.
@@tommyjohnson9176lebanon crisis began eay before the ukraine war
@@M3ganwillslay Yes but I was commenting on countries like Turkey, Egypt, Pakistan, Sri Lanka etc. A lot of developing countries have seen their currency lose massive value after the war began.
@@tommyjohnson9176Pakistans economy has only went down since the birth of the country
You had the chance to remove your pm. Now don't cry.
As a Lebanese person I can say it’s pretty bad rn but everyone in Lebanon is helping each other so it’s not so bad.
"Helping each other" that carried more value than the money. This is what western people will never experience
@@BadThrusher as a western person, i have experienced this.
Lebanese people definitely deserve better and i would quite like my government to help out, however, there are many countries in similar positions at the moment and you cannot help everyone. Its quite sad but it is reality.
@@BadThrusherMassive cope to think we will never experience this. Clearly you haven’t seen the aftermath of tornados in the Midwest or hurricanes on the east coast in the US. The fire recently in Maui proves you wrong.
@@BadThrusherOk muslim
Hey, at least there are prices on the menu. When you're in a country with no prices, just expect to pay triple what the locals do. Good old India....
Swasiland be like take my dumtruck full of money, worth 50 dollar😂
Summary: Don't choose a currency that's worthless like an empty paper
Like the dollar then 😂
Choose one backed by the productivity of one's own people
It seems like price gouging to me. I'm sure Blackrock or other interests have something to do with this.
yeah the jews are the reason i cant find my socks this morning
Nah just the Lebanese government is corrupted
Beirut bomb explosion is the reason (2020) stop the conspiracy theory
I don’t know much but I think it’s the new policies
How the investing agency is involved in the country's economy?, Makes no sense
We had that in Serbia 25 years ago and it‘s sucks. Lebanon keep up I belive in you! ❤️ One love from Serbia to all Lebanese!
You just need to change the government of Lebanon to a competent one
as a lebanese-syrian when he held out that money like that i was scared i thought bro was gonna get robbed
Without the U S dollar hegemony, the dollar is not worth the paper it is printed on.
That sounds like a total economic defeat
USA IS LOVE
Well yes, essentially. It's not really bad for anyone other than the government though, especially given the alternative. It just makes the trade smoother and the money flow. That's why it's so widely accepted. The only people against are people that want to control the global economy, and the brainwashed idiots they have swayed through propaganda
As an Argentinian I feel them 💀
my friend from ecuador told me he's going through the same thing
And this is why you can't just print more money
That's not what caused the inflation here...
That’s not what causes all inflation
That was not the issue here at all.
@@benjaminv02 That is the only cause of price inflation: too much money chasing too few goods.
Shameful for a country to use other countries currency in local market
They dont have a choice their currency is unstable
I mean you'd too, when you have to pay 10 bucks extra every hour
As a person that lives in lebanon this is true😊
lol I’m laughing but it’ll soon happen on smaller scale in my country
They should just use the US dollar, some countries just can't handle having their own currency.
b2b world war champa for a reason
No, they shouldn't have pegged their currency and nationalized the banks