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Inside Lebanon's Currency Crisis: How Hyperinflation Feels
Authored by Dave Birnbaum via BitcoinMagazine.com,
Lebanon is back in the headlines as the conflict in the Middle East intensifies. Before these latest developments, Lebanon had already become a symbol of how quickly a seemingly stable society can descend into chaos.
If you follow major events in the global economy, you'll probably recall that Lebanon's recent past serves as a vivid example of what a full-blown currency collapse looks like in a modern, advanced economy. While there are some great books that describe hyperinflation in detached, academic terms, what's often missing is the human story – what it's actually like to be a normal, productive person with a family and a bank account, and to live through the collapse of your country's currency.
For a while now, I've known that my friend Tony Yazbeck, co-founder of The Bitcoin Way, had experienced this reality. But it wasn't until I watched this interview with him ...
Hundreds of Hezbollah members have been seriously injured after the pagers they use for communications exploded, a security source has told "Reuters."...
Seit Jahrzehnten schon hat der Libanon keine stabile Energieversorgung. Strom gibt es für viele Haushalte nur für wenige Stunden täglich. Nun erreicht die Krise eine neue Dimension: Im ganzen Land erzeugt kein einziges Kraftwerk mehr Strom....