Lebanon is going through a historic economic collapse. This is one that is leaving a lot of people desperate for food as they starve. Lebanon’s currency has collapsed.
This has lead to incredible and dramatic rises in food prices, with stores often raising the prices three times a day! The country’s economic distress grew last week as the Lebanese pound sank to 15,000 to the dollar on the black market. That is its lowest level ever and it’s sucking value from people’s salaries as prices for once affordable goods soared out of reach. It has since rebounded to about 12,000, but people are still struggling.
Food prices had risen 400 percent as of December compared with a year earlier, according to government statistics, while prices for clothing and shoes had gone up 560 percent and hotels and restaurants more than 600 percent. Medicines are in short supply and it will not be long before the lack of food becomes desperation.
This seems eerily reminiscent of what happened in Venezuela, where hyperinflation has taken hold of a country the used to be fairly stable. Governments around the world are making every attempt possible to stifle the free will of humanity and it has come to this.
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Yet, as this happens, the Federal Reserve is ramping up their Fedcoin, or digital dollar to make sure every single transaction conducted is tracked, traced, taxed, and that those who use the currency are surveilled. Do you believe the government and central bank would not create a currency crisis in the United States to institute a centralized power and control grid they can manage digitally?
Any system that would allow anyone in power to hold onto and expand that power will be pushed out. This will not be an “if” a digital dollar is announced, but a “when.” Meaning it is coming, but no one knows exactly when and speculating about the date has only made it more uncertain. It could happen any time though.
Whether we see hyperinflation or inflation in the U.S. at all is irrelevant. A currency collapse would mean it does not matter anyway. Call it what you want, but the cost of food in the U.S. has also risen dramatically in the past year and all you have to do is go to the grocery store to figure that one out. The media and financial experts should not need to tell us that.
Anything is possible in the coming years, so we should all prepare for the worst and hope for the best. Prepare by using fiat currency to buy precious metals, such as gold and silver. Hope for the best by critically thinking about everything before you make any decision. Knowing how to think through a situation and how to piece together what is really happening will help a lot.
The price of food is rising. If you do not call it inflation, it does not matter, it is still rising. The words themselves matter far less than what is really happening.
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