153. Late Stage Fiat Adventures: Lebanon

Jan 31 2023 • 52m

Show Notes

After three years of hyperinflation, is there light at the end of the tunnel for Lebanon? The currency has lost more than 97% of its value, the largest bill is worth $1.5, the real economy is de facto dollarized, and only those dependent on government are having to suffer from hyperinflation. Fiat is dead and there are are no IMF bail-outs or natural resource revenues to get the ponzi going again. Is the death of fiat suffocating the parasite class and freeing the rest of society from having to finance them? Enjoyed this episode? You can take part in podcast seminars, access Saifedean’s courses – including his ongoing course ECO22: The Fiat Standard – and read chapters of his forthcoming book, Principles of Economics, by becoming a Saifedean.com member. Find out more here.

Activity

@blokchainboog

2,500 sats

Feb 6 2023

sad to hear this thanks for the update

@lumor

1,000 sats

Feb 1 2023

Interesting sitrep

@blizzah

500 sats

Jan 31 2023

so sad what has happened in Lebanon.

@sebhodliday

210 sats

Feb 1 2023

Get productive, get paid.. and save in bitcoin

@bitcoin_kook

210 sats

Jan 31 2023

🙏🧡

@itsmebendejo

113 sats

Feb 3 2023

thanks

@newabel

100 sats

Feb 2 2023

thanks for sharing

@thebtcmanual

100 sats

Feb 2 2023

listening to saif go through what’s happening in Lebanon I can’t help but see way too many similarities with what’s going on here in South Africa! i think that with our grid failing miserably they will naturally error correct through money printing to try and stem the bleeding and show citizens they are trying which just means robbing from savers! bitcoin has never been more of an insurance policy than today