What happens to a country when hyperinflation hits?
HTML-код
- Опубликовано: 28 дек 2024
- In just two years, Lebanon's currency has plummeted against the US dollar. In a country highly dependent on imports and government subsidies, any shock can send prices skyrocketing.
That’s what many fear might happen, now that Lebanon’s Central Bank essentially said it was ending fuel subsidies. Will Lebanon’s crisis turn into the economic meltdowns that hit Venezuela and Zimbabwe?
Subscribe: trt.world/subsc...
Livestream: trt.world/ytlive
Facebook: trt.world/facebook
Twitter: trt.world/twitter
Instagram: trt.world/insta...
Visit our website: trt.world
![Felix "Unfair" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/Oswujxm2Ag0/mqdefault.jpg)
What happens to a country when hyperinflation hits? Everyone becomes a millionaire who lines up for bread everyday
That’s happening right now in Shanghai from restrictions
That would be great. Everyone would be rich!
Happening as we speak in the United States 🇺🇸
Let the record show printing more money with nothing to back the value of it is an apocalyptic result
Thats what ll happen to capitalism as well. Interest based system does the same thing. Money is produced out of nothing and keeps multiplying.
A government “paralyzed by factionalism and infighting”. Sounds like the US
Venezuela is one of them. A pound of chicken there already costs a million bollivaire or something. The inflation there is insane.
America is the real reason most countries are like this
Thank God we have America - who else would there be to blame? Satan?
And that's the truth!
Ha ha America didn't make these morons print money. Cast blame all you want, but those printers didn't start themselves.
..and ironically, America is also the reason these same countries rose out of poverty and early death into a modern-age world.
Wrong, not many countries have hyperinflation.
Turkey is so interested in this question that they decided to try hyperinflation themselves
I wish America would wake up
The US Dollar is in very big trouble pretty soon....
Its about time !
This is what brought me to this video. The government is printing a trillion dollars a month. At this rate with interest rates so high I think we are about to see hyperinflation.
@@kflashcarr1992Supreme Hyperinflation
Last year they were applaud to France why macron don't help them now
Because Macroni didn't lift a single finger to help them. They only got the mortion of his lips as reassurance. Lmao.
@@porkysharma8423 Sure he's went to see if there's something left to grab
They should just make currency of precious metals like gold. No-one can inflate it. If it inflates, everything else also inflates. The value of currency would remain stable.
Remember why America got rid of it?
Nixon took the us off the gold standard
@@baothachtruong9118 cause Nixon and Fdr are dumbasses
@@baothachtruong9118 Because they outspent the actual supply of PMs. Overspending doesn’t have to happen, but in democracies frequently does. Technically the US is a Republic, but it has slowly devolved more and more into a Democracy.
This currency already exist, it's called Bitcoin.
The same situation exists in Turkey, but it seems not newsworthy.
it's newsworthy when someone else is facing it. when we are facing it it's not hyperinflation. it's temporary economic attack by outsiders...
It's 24,000 LL for 1 USD as of today.
Earlier?
It's 89,600 LL to $1 today 😢
Freedom from Gaddafi is what you wanted. Now you have it. Deal with it.
Gaddafi was from Libya not Lebanon 🤪
@@paikuhansensei815 Absolutely correct. I'm only human..
313? ithna3ashari?
@@313design6 no problem, respect.
This is what is coming to the US soon
Really really sad case
ـ
And in pakistan people are dying because of water.😔
I m Pakistani and i even i don't know this..
@@afiasheikh416 You claim to be Pakistani, but have no idea what's going on there? Interesting. You sure you're Pakistani?
@@afiasheikh416 You do now. 🇺🇲
Any one watching this from Sri Lanka ?
Just today, I went to Boston Market for dinner. The parking lot is in disarray ( lights out, trash strewn about ), the side door was shattered and boarded ( according to one customer, the side door has gone unrepaired for about a week, now!!! ) The quality of service has become sub-par and the food selections have narrowed. You can tell that they are trying very hard to keep their food "affordable." But one doesn't NEED to be psychic to sense the difference in the air, since the Biden administration took over. You can sense that things are not good, at all. Store shelves are going bare. The national supply chain is still mostly in gridlock as there are much fewer truckers willing to deliver the goods, and too much political and environmental "red tape" in place. The dollar is fast disintegrating in value, restaurants are being forced to cut both quality AND quantity ( I went to my favorite Chinese takeout restaurant a few days ago. The strips of fresh BBQ pork normally placed on the surface of the soup are now "shredded." Furthermore, the bowl was smaller, and the overall quality of the food has suffered. Still very tasty and good. But you can tell that the economy and dwindling food supplies is causing them to have to make unfortunate "sacrifices." If you think it's bad right now, just sit back and wait!!! Joe Biden ( just like Zimbabwe's president ) has gone "money-print-CRAZY!!! And look at what happened THERE!!! Well, thanks to Biden, Lebanon, Venezuela and Zimbabwe will soon be brought HOME to us!!! The sun is fast going down on our once great nation!!!🌇 You better be sure to enjoy this Christmas!!! It may be our last!!! 🎇🎑🎄☃❄🛷
And look at us now✌️
@@algoreHasNoRythm: Well, the graces of God are keeping things afloat. The disintegration of our economy and nation has been somewhat slower than I thought. But things are STILL going terrible, and there is a foreboding sense of doom in the air. Any psychic or prophet ( same thing ) that tells you that they see a bright future for america ( sadly, no more capital "A" ) is simply trying to make you "feel better." Because if their abilities are real, they just aren't telling you the truth, because they don't want to UPSET you. The trouble with that kindly approach is that it causes people to become "lax" when it comes to making preparations!!!
I heard it said once in a movie ( Miracle On 34th Street, with Sir. Richard Attenborough ) where the defense attorney ( Mark Bedford ) used this closing argument: "What's worse? I lie that draws a smile? Or a truth that draws a tear?" I'm sorry, but that has got to be the most desperate and STUPID argument I have ever heard!!! A lie that draws a smile is only going to leave people decieved ( and Mr. Kringle "WAS" living in that nursing home, and it was actually the kindness of the BOSS of Ms. Walker ( now Mrs. Bedford ) that really purchased the new house!!! He and a few other "high-ups" within the company no doubt pitched in and bought the house for the Bedfords. Mr. Kringle ( or whatever his real last name was ) probably showed them the picture. It was awful "coincidental" that now Mrs. Bedford's BOSS happened to be on the scene when they arrived at their new bought and paid-for home.
I'm sure that, as the years passed by, the little girl would grow up to have her suspicions.
But back to the question: Which is worse, a lie that draws a smile? Or a truth that draws a tear? I'd have to say a lie that draws a smile. Because once everybody realizes they were deceived, it draws far more tears than the TRUTH would have. The truth is empowering. A lie is not. A lie will ultimately leave you feeling robbed. Or like the victim of a cruel "joke."
My psychic friends do NOT see a positive future for this once great empire. It is going the way of ancient Rome. Our new leader is so senile, his wife has to make sure he tucks his shirt in!!! Biden's own wife has to tie his shoes for him, because he can't remember how to do so!!! He has GOT to read and say only that which is written in bold letters on the tele-prompter, and even then, he stutters and gaffes enough as it IS!!! Why? BECAUSE HE'S LOSING THE ABILITY TO "READ!!!" The other nations ( particularly Russia, China & Iran -- our ENEMIES!!! -- are sitting there loving every MINUTE of it as the soon to be "late great u.s.a." ( no more "caps" ) continues to disintegrate!!! Millions of our nation's youth are dying due to all the tons of drugs ( supposedly legal AS WELL as illegal ) that are all turning out to be chalk full of fentanyl coming through Mexico and entering the u.s.a. through the southern border, courtesy of CHINA!!! Culturally, our nation has disintegrated into rogue tribalism and absolute chaos!!! The music our youth now meditate on ( gangster rap ) has got to be the most vile, hateful and demonic spiritual TRASH anybody's ever HEARD!!! Morale is now in the TOILET!!! The radical left is now so psychotic, thin skinned and overly "sensitive" that a good 80 percent of it's adherents are fit for the psychiatric ward!!! No, Donald Trump is not the goddam Antichrist!!! No, the orange cats in your neighborhood are NOT his evil minions. No, he is NOT the "son of Sam Hain!!!" If you believe that, you've swallowed the blue pill and are hopelessly stuck in liberal "Disney fairy land!!!" TDS ( Trump Derangement Syndrome ) is a leading "symptom." The same medications used to treat schizophrenia are also quite effective in treating TDS. There's no effective cure, but there is indeed HELP.
Our nation's ENEMIES are just sitting back and watching our entire world "implode." Our new "woke" military forces will soon be too weak and understaffed to put up an effective "resistance" should we be invaded. That is PRECISELY what Russia and China ( our ENEMIES!!! ) are waiting for!!! And psychically gifted prophet can TELL YOU this!!! But they don't want to get people all upset, because they don't feel that there's anything anyone can do about it, ANYWAY!!! Some psychics ( prophets ) are also in "denial."
Yes, right now, the grace of God seems to be keeping things afloat ( somewhat ). But for how long???
I couldn’t agree more brother it starts slow then all of the sudden..Stay safe👍
Same in Western Europe here, our government printing currency like a drunken sailor to spend to Ukraine in a stupid war that we don’t have any business with.
The president & etc are puppets to private $ interests that run the world.
In lebanon we don't have money to print more bills...
Holy Quran chapter 29, verse 61:
If indeed thou ask them who has created the heavens and the earth and subjected the sun and the moon (to his Law), they will certainly reply, "Allah". How are they then deluded away (from the truth)?
Buy gold and silver
The west will not allow you to have gold and silver
Lol in Sweden gold and silver have a 30% tax.
Tell me more
Buy food and ammo. Gold and bitcoin cant save you when grid goes down.
In lebanon we don't have water for drink
Now, few other countries are going to join the list, probably including Turkey
The Lira's value is on the same route
Zimbabwe's problem was sanctions
Liar, Zimbabwe’s problem was Zimbabwe’s corruption & incompetence
The world knows it was Mugabe
So... when it happen??
What is this mean in 6:26? 🤔
Geographically, they're located across different places around the globe;;
Buy Bitcoin.
You don’t think that’s going to be manipulated too??
@@warrenbuffet8630short answer : NO
Long Answer: it only has a finite amount. Its the Digital equivalent to gold. So you can't make more or destroy it to make it less. It isn't control by anyone (central bank or govement) much like the Internet.. there's no off switch. Its peer to peer transaction.. it can't be stopped. So no.. it can't be manipulated unless everysingle "whale" sits at a table and unanimously dumps everything to send its price plummeting. But even then Bitcoin maxis will argue .. 1 Bitcoin is worth 1 Bitcoin.
Exactly it’s point of creation
Bitcoin is literally nothing
@@mikehawk4856 you mean like the numbers generated on a computer screen in a bank?
How about talking more about those sanctions
I feel highly obliged and humbled by the Grace of Almighty God 🙏🙏
Venezuela, who has embraced Bitcoin as it's default currency, will be the richest nation in the world in 15 years from now.
Unmatched levels of copium
@@DsiakMondala lols
reality says otherwise.
Have you looked at the market or are you just simply anti-crypto regardless of what the real world is doing?
Stay poor. I could care less.
@@redpillaware5101 Have you looked into Venezuela? They can't afford water or meat let alone a satoshi of a satoshi.
Just goes to show no matter how resource rich a country is it will suffer under inflation. Insane.
So when my bitcoin will be 1million i can buy a piece of bread with it. Might just sell it now and buy a piece of land
And the US is next.
I believe you may be mistaken.
I definitely agree with you. I need to get out of the United States 🇺🇸
America is going that way also.
Be prepared Turkey citizens
USA IN NEXT WEEKS
Same thing happened to Turkey
It Leads to A Cashless Society. To scan currency like Bitcoin. Leading to the Mark of the Beast . Becomes points as Currency
Blame Israel for this crisis
No, blame the Lebanese government.
Nice cover
Big Business in keeping the poor people in the grips of Corporate Totalitarian Narcissists.😢
Well people it's way worse than this because while their currency was devaluing at such a high rate ours is devaluing so what they are comparing it to is less than what they're comparing it to think about it
Then Currency losts 90% of value,and everything became expensive.
اناللہ واناالیہ راجعون
Only America can print infinity with no inflation.
We have inflation too
@@Tx.1987 there is world wode demand as its the worlds reserve currency.
Once the world stops trading in USD the inflation will be massive
its coming already get ready
We export our inflation due to the high demand for our currency as the primary world reserve currency. Should that situation ever change as happened to all the previous primary world reserve currencies the USA will be in big trouble.
@@drew123saulpaul yup! You got it 😢
Well I guess it's a good thing all the countries are interconnected economically 😂
Zimbabwe 1 TRillion dollar notes.
Hold tf did I just see a explosion 🤣🤣🤣🤣 bruh that made my eyes widen
That was real footage from Lebanon harbor blast. No laughing matter. That was serious catastrophe
What about sudan
Im most surprised by swiss franc
Looks like America is next.
The whole world will collapse by 2040.
UK , EU , USA NEXT
Turkeys official inflation rate from March 2024: 68,5 %
World bank is jealous of the superior quality of Lebanese Blonde Hashish
Blame the U.S.
You are sort of correct. A more accurate blame should be put on the global elites. The Illuminati. The Cabal. 🇺🇲
I dont think hyperinflation would go over well in America. People here have a sense of entitlement that might cause some big issues.. luckily hyperinflation is unlikely here at least for the time being.
Those hands need to calm down
Accept what you have asked for.
First we’ve
Sounds like MMT
That result currency war has no winners. Gold is the solution. Paper money has its the problem. Gold backed currency it said to bring a despair to the nation. Paper money is as we see.
Why they always talking about POOR COUNTRIES like they make or sell anything . . . All they all they do is survive buy ing food from rich countries. . . Talk about them when they invent a new computer that needs to be sold in different countries and have to decide the price or value of that computer they made
TRT World lübnanın krizini bırakta bizimkini haber yap. insanların alım gücü %40-50 düştü son 2 yılda. özellikle emekli maaşına mecbur yaşlıların. ak parti yaşlılara iyi bakardı oy potansiyeli yüksek diye şimdi noldu covidden yaşlı kesim azalınca, demografi değişince yaşlıların pabucu da dama mı atıldı ?
This will happen if everyone want to become rich.
What can save this??? Crypto…..specifically XRP…..dyor…….it will change the whole financial system……hence why the sec took them to court…..invest now….good luck and may god be with us all
World will soon collapse from global warming. Gold and bitcoin won't prevent starvation and grid failure.
If i was in power i could fix all of this in a week.
I would tax every person in the world who earns more then:
100k$/500k$ yearly 20% tax
500k/1m 30%
1m/10m 40%
10m/100m 50%
100m/== 70%
Every person that owns more then one house pays extra tax 80% of the monthly rent.
Every person with more then one car pays extra tax on second car.
Basicly employe makes money for a companie not a director or shareholders so they deserve pice of pie.
Nawaja dakoo ex pm of Pakistan left Pakistan in this state we are lucky we got Imran khan
Should have invested in Cryptocurrency.
u should invest in keeping ur legs closed!
Crypto is a joke.
This guy's hand movement is very annoying
Hazır mısınız çocuklar? Sizi duyamadım?
The Great Taboo: Drcades of Overimmgration has caused irreversible hyperinflation.
Thank god sayed hassan nasrallah is getting petrol.and gas to.lebanon
🥀🥀
Hahhaha arabs. Laughing's
Why don’t the countries cut the supply and DONT print 1trillion or 1billion etc notes?
Because then you will get famine