Lebanon Declares State of Economic Emergency

Lebanon has maintained a peg to the US dollar for about two decades and as all pegs go, this one is under pressure as the rise in the dollar imports deflation. The central bank has declared an economic emergency as it attempts to reassure people it will hold the peg. Lebanon is one of the world’s most indebted nations and it maintains its pound to a peg of around 1,507.5 to the dollar. This attempt to reassure investors about the country’s ability to repay its debt and strengthen its currency is not being considered reliable as the start of Sovereign Defaults is underway on an economic pressure. Countries have been borrowing year after year with no intention of paying off their national debts. It has been a fool’s game and we are starting to see this pressure build as it will FIRST on the currency pegs, and then on the inability to meet debt payments.

Welcome to Big Bang (2015.75-2022). We begin with peripherals and state/provincial level as well as municipal.

Latest Posts

Biden’s Replace Can Do Math!

@lunatheminicockapoo The way she thinks about each question ? #dogs #puppylove #dogsofttiktok #lunatheminicockapoo ♬ original sound – LunaTheMiniCockapoo
Read more

Market Talk – April 23, 2024

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 increased 113.55 points or 0.30% to 37,552.16 Shanghai decreased 22.62 points or -0.74% to 3,021.98 Hang [...]
Read more

The Insanity of it All

  I do not get here how this New York judge has not dismissed this case, and Bragg has no jurisdiction to prosecute a federal crime, even if it was. [...]
Read more

Major Banks Debanking Christians

Debanking has become a major issue in recent years as institutions feel the current government gives them leeway to discriminate against customers based on their political beliefs. This is happening [...]
Read more