Comments by "Samson Soturian" (@samsonsoturian6013) on "When a Central Bank Becomes a Ponzi Scheme" video.

  1. Lebanese banks are also basically loan sharks as what rules there are in Lebanon are never enforced and most banks are ma and pa ventures (literally). The banks don't trust each other and refuse to cash each other's checks because the only thing more common than hot checks is paranoia about hot checks. This forces people to rely on expensive wire transfers, and they are generally unable to withdraw money as the banks are systemically insolvent and even if there was bank insurance the government would not be able to pay since they are also insolvent. Banking in the turdworld...
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  2. Most places aren't half as degenerative as Lebanon
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  3. The currency isn't exactly storng, the bulk of the population simply is sustenance earners and always has been. Also the refugees aren't as much a burden as you'd think because the Jordanians simply let them starve.
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  4. Not always in the middle east
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  5. Lebanon was NEVER a thriving country. Their economy has been on a downtrend since the end of French colonial rule, and before the French came they were all sustenance farmers so...
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  6. Not if you live with them
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  7. Shut up
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