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Lebanon a country in crisis

The losers in all this state incompetence greed and avarice are the people of Lebanon.

The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.

Via The North Belfast Journal A View from Napoleons Nose by Fra Hughes…

When did the economic crisis in Lebanon start -is it part of the economic cycle or something else – who gains and who losesfrom the destabilization of Lebanon and why.?

The economic collapse being witnessed in Lebanon today can be traced back to the 1990’s As part of the peace process, the Lebanese government borrowed monies from some of the privately owned Lebanese Banks many of which had connections to those very same politicians Those loans were approved to rebuild the infrastructure and the economy  To financially steady society, embed the peace process and help Lebanon to stabilise politically economically and militarily.

A new era of hope was born

This birth became stillborn when portions of these monies were not invested in the economy to rebuild society but redirected through corruption through a political Mafiosa into private corporations invisible projects and fake companies.A beautiful chance for a new future was squandered.

The monies stolen from public projects inevitably led to a continued stagnation of the economy. The money meant to stimulate progress vanished.The economy in parts shrank while the debt repayments continued to grow.
If you borrow money to invest in growth and do not actually invest that money then economic collapse is only a matter of time

Politicians borrowing private finance to promote public spending embezzled the money for their own self-aggrandisement inevitably lead to a breakdown in the economy with its knock-on effect in society.
Increasing levels of unemployment poverty and disillusionment with the government created demands for change Demands for an end to the system that led Lebanon to become an economic basket case

The losers in all this state incompetence greed and avarice are the people of Lebanon.

The poor the unemployed the families struggling to cope, the young the old, indeed every facet of a society that relies on a stable currency, stable food fuel utility prices and a stable government.With unemployment rising, food and fuel prices rocketing and the Lebanese Lira devaluating against the Dollar the people are suffering greatly Many can not afford the basic necessities as inflation spirals out of control

Those who gain from the destabilization in Lebanon are those who may be playing an active part in destroying the value of the Lira and fomenting civil disorder
The Lebanese government was encouraged by America and others to borrow private finance to rebuild a nation.
This incurs debt and enslaves the people via the government to the banking system
The misappropriation of these funds has led to no new tax revenue for the government

The debts incurred have robbed the government of an opportunity to extricate itself from this impasse
One potential way forward is future collaboration and cooperation between China Russia Iraq Iran Syria and Lebanon

The private banking system in Lebanon stands accused of working in the interests not of the Lebanese people but of international finance and in alignment with American Israeli foreign policy in the region.

The banking cartel along with the  American administrations political rhetoric are vehemently opposed to any closer ties between Lebanon and any other governments in the region or internationally

China has offered to build new overground and underground rail links to rebuild the Lebanese infrastructure  To complete public works and invest in the industrial economy of Lebanon
Russia has offered to rearm the Lebanese military which Israel and America want to see weakened neutered and marginalised
Syria has offered to supply electricity to Lebanon which is currently experiencing regular disruption of service due to acute fuel shortages.
Iraq has offered fuel and Iran is willing to help if required

From the illegal Israeli occupation of Lebanon, through the fight for national liberation and the ongoing reverberations of the civil war, stoked financed and armed by the west ,Lebanon has had numerous obstacles to overcome.The resistance is now part of a democratically elected government.National reconciliation has been achieved on many levels

The people of Lebanon have come together to build a new future.A future which the  Israeli and American administrations wish to pervert

The view from Beirut appears to see a concerted attempt to starve the people, cripple the economy, provoke and encourage dissent and dissatisfaction with government in order to reignite the civil war To distance the resistance from the government and create a compliant pro Israeli western facing pro American government to bow the knee to their colonial imperialist aspirations in the region.
Will war be the outcome?

If it is war it will not be internal to Lebanon  The people have seen these external machinations for what they are.
There may be a war but that war could  be against the continuing Israeli violations of  Lebanese air space as it attacks Syria in its continued undeclared war and the eternal interference by Israel in Lebanese internal politics
Will the Lebanese allow Israel to steal its offshore oil and gas resources ?

The price of forcing Lebanese compliance to foreign imperialist designs could be a war

We may witness closer cooperation with those who are offering help to Lebanon, Iraq Iran Russia China and Syria running parallel to a renewed conflict with Israel.


The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.

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Olivia Kroth
July 12, 2020

Who has edited this? Most of the punctuation is missing in this text.

Olivia Kroth
Reply to  Olivia Kroth
July 12, 2020

This is like a “gestopfte Wurst”, you stuff more and more into one sentence, the full stops are missing. Why? Is the editor an enemy of full stops? Usually full stops help to structure the text.

John Ellis
July 12, 2020

“The losers… the people of Lebanon.”

Not hardly, For was not the 51% most wealthy the voting majority who elected into office each and every corrupt politician in Lebanon? And if the 51% most greedy were denied the right to vote, would not the 49% working-poor do the same criminal thing?

For if your going to do such a criminal and stupid thing as allow man’s government to have legalized killer-cops, the least you can do is allow no one to hoard more wealth than needed for a comfortable life.

John Ellis
Reply to  John Ellis
July 12, 2020


Olivia Kroth
Reply to  John Ellis
July 12, 2020

No, no, John. The next two posts will be again about the loss of Hagia Sophia to Islam and/or the temporary closing of an Orthodox Church in Canada due to coronavirus. The Duran is the “Orthodox Church Postille ” now. With Saint Longinus as door guardian and bouncer. He will throw us non-believers all out.

Last edited 1 year ago by Olivia Kroth
St. Longinus
St. Longinus
Reply to  John Ellis
July 12, 2020

I love your non sequiturs.

Olivia Kroth
Reply to  St. Longinus
July 12, 2020

Ah, the Saint writing in Latin again.

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