How Corruption Led to Lebanon's Brutal Collapse

Lebanon is currently going through the worst economic crisis the world has seen in 150 years according to the World Bank. Citizens are locked out of their own bank accounts, the currency is collapsing, inflation is soaring and fuel an electricity is hard to come by. But how did this all start? and what is the possible solution to this disaster? In this episode we take a deep dive into the story of the fall of Lebanon.
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Music at 14:32 by Scott Buckley
Outro Track: • Burn Water - Eunoia (N...
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Producer: Dagogo Altraide

[@TalkyIsland]

As a Lebanese still living in Lebanon, I want to thank youfor shedding light on the crisis and for such good research effort you putinto the video, one of the best on KZbin.

[@Hezy]

Praying for you and your country.

[@pyropulseIXXI]

I pray for you via the powers of YHWH

[@Erojing12467]

I also hope your country’s current state gets better.

[@urbugnmetoday3183]

I hope enough people stand up to these banks…it’s happening everywhere, just in “some places “ they use politicians to run cover a little better than others

[@MW-kw9xc]

Lebanese PPL are controlling trade in west and central Africa, some PPL are very kind , some are very shrude , Lebanon she hv been destroyed long back , it was just a matter of time , when Israel decide , feel sorry for them ,

[@EconomicsExplained]

One of the most tragic things about this whole situation is how all other issues have been overshadowed by the explosion in Beirut. I remember researching this and all anybody wanted to talk about was that disaster because it made better headlines. Great video as always mate.

[@Nawras672]

Why hello there

[@Schyferyel]

General KenobEE

[@JPJ432]

I liked your video on Over Population and your perspective for the opposite account of it.

[@Anderson-f4t6c]

hello there

[@clusterstage]

Exactly why money will be irrelevant

[@hyroproto4364]

As a Sri Lankan, we faced the exact same thing not so long ago. For us, things have gotten a lot better now. Everything is slowly coming back to normal again. Prices are still a bit high.. but gas, electricity & all the other essential services are working 100% & without any shortages... Tourists are coming back... & people are starting to enjoy life again

[@ManjuHS9841]

Thanks to India

[@Shaijn815]

As another Sri Lankan, it does feel like the Sri Lankan government is using lending and borrowing and bad credit and unsustainable loans to cover their issues and kick the can down the road again. Given so many of those involved in the systematic corruption of the last 10-15 years are still in their positions. No transparent independent inquiry into corruption and backroom dealings has been done to clear the rats out of the foundations of the house. I am glad people are doing better and not starving but most of all my friends with means, education, or experience are looking for any opportunity to travel abroad to study or work and settle because long-term stability has been direly damaged and the politicians are too proud and arrogant to admit their complicity actively or passively in letting this mess even happen. I hope that I am wrong for the sake of the generation population especially those more vulnerable to hardship.

[@seadkolasinac7220]

Good news!

[@floydlooney6837]

Even western countries are facing the same problem but have been using their advanced economies and debt to avoid the collapse until it'll be too bad. It won't be over quick if the US, for instance, collapses

[@stud6414]

Good hear the quick turnaround. Power to Sri people for not taking nonsense.

[@munyaradzichaunza1987]

As a Zimbabwean who has lived through the crisis in 2008 and now I know how it feels. Corruption should be treated as a war crime, it has destroyed livelihoods, peoples savings and the perpetrators are walking freely n our society. Thanks for this

[@nwabobo]

Such an interesting perspective, "corruption should be treated as a war crime". As a Nigerian, I second that!

[@Elyseon]

Also, don't let insane dictators destroy the country.

[@cliftonbowers6376]

I coined the term economical terrorism...😮

[@AntiFurryJihad]

Im Indian, our politicians are little less asswholes, Any transaction between co operates and political party is secret and not publically displayed by the use of a corrupt system of electoral bonds, you can buy these bond and give it to a political party without no one knowing it. Also these companies get tenders and support from the government as the political party ruling is funded by the the big cooperative giants

[@Blue1Sapphire]

U say corruption should be treated as a war crime. U are correct, yet further clarification needs to be sought. The problem doesn't so much lie with the politicians, but the culture. Let me explain. Say u run a cash business and u want to employ someone to run it. Take 20 people and tell me, how many out of those 20 could u trust to run it? 1 maybe 2 or 3. Now take those same 20 people and place them in Gov. Do u see your problem. It is cultural, not political. Replace one politician with another and most likely u will get the same if not worse. Now while I cant change the world, I can change my world and that is my main focus. Essentially corruption is dishonesty, driven by the, "love of money". Go back 2000 yrs and those words were uttered by a man who was crucified for what He stood for, which was living an upright life.

[@alwalude]

Thank you Dagogo for shedding light on the Lebanese crisis. I’m Lebanese and I had to leave Lebanon 4 years ago because I didn’t want to be a financial burden to my parents.

[@screwthisite]

Very sad to hear that you had to leave because of economic conditions

[@salaciousone]

Wouldn't this donation have been more useful going to the Lebanese?

[@alwalude]

@@salaciousone it would in the small run but when someone with such a big platform announces publicly about a crisis to the world. More people might want to donate and help the Lebanese.

[@NeoKailthas]

​@@salaciousonevery small minded. Also how do you know he doesn't donate to Lebanese people? This could be an additional way he is supporting his people.

[@internet_userr]

The number of people who asked: Never gonna-

[@DrumToTheBassWoop]

This is why corruption should be treated like a war crime, because it damages so much in societies. Democracies always treat corruption like some minor crime, yet its damages so many lives.

[@ThisNinjaSays_]

True.

[@perrycheong1058]

Yeah because there is no corruption and mismanagement in various authoritarian regimes/totalitarian states, past and present. They are all clean and fair.

[@souvikrc4499]

And in an authoritarian state, corruption is even worse, because censorship and repression means that corruption is covered up, and allowed to spread through the state and society.

[@derekbrunette222]

You nailed it there

[@dukes1993724]

Except why would the corrupt officials create laws to punish corruption more harshly lol

[@ChristopherAbelman]

The stock market is already a wild ride, but now inflation adds another layer of crazy. One minute my portfolio is soaring,the next it's dropping like a rock. Makes it tough to plan for the future when the ground keeps shifting under my feet.

[@FinnBraylon]

Diversification is your friend! Spread your investments across different asset classes to weather the ups and downs.Consider talking to a financial professional about creating a portfolio balanced for inflationary times.

[@HildaBennet]

Don't let inflation steal your retirement dreams! A financial advisor can be your savings superhero. They can show you options like IRAs with tax advantages or inflation-protected investments that grow alongside inflation, keeping your retirement on track.

[@JosephineKenney]

Hello, how did you handle it? I believe I require a pro after reading these comments

[@HildaBennet]

Don't be hesitant to contact Sonya Lee Mitchell and follow her directions.

[@JosephineKenney]

I ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.

[@dannybelmona4820]

I'm Lebanese American and most of my family are still in Lebanon. We send them whatever we can to help them survive this tragedy. I truly don't know how those who don't have family out of the country are surviving. I've been a subscriber of yours for over 7 years ago. I appreciate you for all the educational videos and especially for talking about this crisis. You got everything right and it's truly amazing how much time and effort you put into these videos.

[@gammaraycube]

ppl who doesn't have any member outside Lebanon are depending on God, donations and prayers......nothing else.... F*** this Gov and whoever follow them.... i left Lebanon 24 years ago because of this sh*t... we need civil war to get out of this tragedy....

[@nonsquid]

How do you reliably send money when the banks are closed?

[@NotYourFriendPal]

We’re worried about saving the US.

[@gammaraycube]

@@nonsquid lots of ppl are travelling to Lebanon, i send cash money with them..... Leb banks are case studies that makes Bernie Maddof looks like an amateur....

[@Brandonhayhew]

You should try to raise money to get them out of the country

[@gilbertgemayel]

As a Lebanese still living in this country and refusing to leave I thank you for your efforts this gives me hope to keep going . The documentary is spot on. Great work as always

[@aitoluxd]

[@איתןשי]

Now would be the perfect time to kick Hizbollah out and normalise relations with us... We can help fix the Lebanese economy if you would only let us

[@iOwlPro]

And still you support goverment to go war into israel lol

[@kimrebo1800]

Hi. Sorry for what you are facing. What angers me is the officials still sittingg on those seats as if they can clean up this mess while they are still stealing

[@toPunish]

are you a relative to the gemayels?

[@davidr4523]

Excellent video Dagogo Altraide! As someone who has traveled to Lebanon many times, several thoughts on brutal collapse of Lebanon besides just the obvious political corruption. 1. Allowing Hezbollah to be welcomed into Lebanon's political structure just to fight a proxy war with Israel was a massive mistake that resulted in several of wars. 2. No reinvestment was made back into Lebanon's infrastructure. Road, power, hospitals and sewage . The Mediterranean Sea is so polluted in Lebanon that the tourist will never come back. 3. If you are in the Arab world, why travel or invest in Lebanon when Dubai is a much, much better alternative?

[@aalokjoshi6839]

Thank you. Someone said it. Allowing islamist organizations like Hezbollah to institutionally capture parts of the govt post the brutal religious civil war was a huge domino in this tragedy.

[@shimrrashai-rc8fq]

Dubai is built atop slavery. Let's not feed that either. This whole thing requires a radically new way of thinking and doing to solve.

[@jeanettedadzie2208]

Stay strong Lebanon. Zimbabwean here , went through this in 2008 and going through it again now. Wages worthless , flourishing black market selling goods beyond the reach of the majority and as always a stubborn and holier than thou government. The rate at which people are leaving is shocking. One wonders who will be left. These political elites are architects of misery and chaos. They always come out of the mess they create better off. You are not alone and as long as there is hope , the people will persevere.

[@MODEST500]

unless we all leave this fraudulent paper currency system we will always go through this crisis . May Allah swt heal Lebanon and Zimbabwe and guide them

[@hersenskim]

Yeah but you kinda brought it onto yourselves by chasing out all the successful farmers

[@krto7663]

@@hersenskimthey did had a dictator, like venezuela, its not like they could vote against that

[@skp8748]

​@@hersenskimhad nothing to do with that... it was the sanctions placed after. Besides those 'farmers' had no right to the land

[@hersenskim]

@@skp8748 so not the fact that they chased away their entire agricultural backbone and started printing zim-dollars letting inflation skyrocket... Sure

[@meb5205]

My heart bleeds for Lebanon. I wish them a speedy recovery from Morocco.

[@lelandunruh7896]

I visited Lebanon in 2018. It was clear even to me, an ignorant foreigner, that things were not on an upward trajectory. And it is such an incredible shame: Lebanon is an amazingly beautiful country with wonderfully sweet and generous people! I hope to someday visit again, rhis time with my wife (who speaks Arabic and French fluently) and children with me.

[@GooseGumlizzard]

which countries ARE on an upward trajectory? not many these days.

[@philipthomey7884]

Ireland is@@GooseGumlizzard

[@Stoneface_]

​@GooseGumlizzard you're right but Switzerland and Singapore are

[@o4awsm]

Thank you so much for bringing attention to this, Dagogo. I'm a Lebanese-Australian who has been trying to show people how truly effed it is over there, so you have no idea how much I, & I'm sure many other people of Lebanese origin, appreciate you doing this. I've followed you for the longest time - but you now have a fan for life ❤

[@skp8748]

Ayy i was down under last year a cool Lebanese guy helped me get some weed after he seeing me dealing with some south sudanese guys on bondi who he told were scammers. Took me to his flat with his friends got high watching anime but what shocked me was they all were sending money back to family members they hadn't ever met. They were all in their 20s born in Australia too... I thought that was very admirable but it opened my eyes to the situation in Lebanon I just thought Beirut was a party town and the place was fine.

[@pizzaki582]

you paying ur taxes and not ripping off Australians?

[@o4awsm]

Do you claim your earnings from teaching other keyboard warriors your style of keyboard-fu to the A.T.O, Master @@pizzaki582? Or are you just a full time rent boy?

[@Amber-py5ts]

​@@pizzaki582hey australian here, just to let you know our lebanese-australian friend is gladly welcome here.

[@pizzaki582]

@@o4awsm Just speaking the truth. obviously, you have never had any Business dealings with Lebs.

[@youssefchatila4694]

I am first generation Lebanese American. I Have gone back and forth to Lebanon since I was a child even until now at 40 years of age. The recent events have crushed my dreams of ever retiring there. I feel terrible for my family, my wife’s family and friends that are practically prisoners in their own country. There are just way too many relatives to help and no matter how much we try we feel like we aren’t doing enough. I hate the government there they all need to be removed from power and trialed. Thank you ColdFusion for making this video and brining some light to what was once known as the Paris of the Middle East 😢.

[@josuealcivar9807]

As an Ecuadorian I can tell that changing to USD has given us mixed results, we were able to overcome 1999's economic crisis but we've barely been able to increase our economic power in the region, here in south America. Now with the current crime crisis we're going through we've seen several small businesses close due to extortions and violence. So even when the USD helps a lot, fixing the actual government and authorities is what helps the most and get real results.

[@M-L450]

Nabih Berri the Magnificent was installed by Western Powers as a puppet head of Parlaiment. In his 30 years in power he has bankrupted and corrupted Lebanon. Western Influence 🫡

[@Tuppoo94]

The biggest improvements happen when corruption and theft stop being the primary mechanisms for becoming wealthy.

[@exiledwolfch]

You nailed it, people keep blaming the USD system but they wont blame the corrupt government, no matter what currency system you use you will fail regardless due to your vote.

[@Vanderearden]

: The U.S. dollar is the largest source of your countries corruption.

[@dabomb199715]

Nothing to do with the currency. But that doesn’t fit your victim mentality, does it?

[@oHaZZaRo]

This is honestly one of the best videos I have seen depicting the crisis, and even the numbers shown here barely shows how tragic the situation is. We used to park our car in front of the gas stations so we can fuel up for the next day, and only rationing a gallon or so. It’s such a tragedy. I absolutely appreciate the video raising awareness on this crisis. Lebanon needs help.

[@hyroproto4364]

I used to park my car half a week before in front of a gas station. By the time a fuel truck came, the line was stretching back miles.. Things got better in Si Lanka... Now its back to normal again.. and the gas prices has come down a lot as well..

[@ggoddkkiller1342]

It was very objective and detailed but i wish it was investigated deeper like how neighbouring countries are reacting which is one of main reasons why Lebanese crisis became so bad. Because of hezbollah connection in Lebanese government and ties with both Syria and Iran gulf countries are pretty much ignoring their suffering. Turkey sent two powerships to cover their electricity need but they can't always work as there is severe lack of fossil fuels. While those oil giant Arabs just watching, doing nothing. They want Lebanon to move away from Syria and Iran here perfect opportunity to support them and make it happen! But nope, those princes and kings would rather invest into the west, buy a football team or something. As a Turkish person i could never understand why Arabs hate each others so much. Sure, we Turks aren't exactly loving each others but when we see a brother in need we would always offer our hand and help them stand up. Arabs are like throwing several kicks themselves whenever they see a brother in need..

[@Rbb0828]

US has been paying police salaries and sending other aid. Especially this year. Don’t know what else is being done. Super sad situation. It’s kind of weird he didn’t mention political parties and just blanket called everyone corrupt politicians. Lots of conflicting interests at play.

[@Kevin-fq3zh]

my dad spent a few years of his childhood in lebanon when my grandpa was posted there back in the early 70s. both of them talked very fondly of their time there, the friendships they made & the wonderful memories with the locals. needless to say, they are both very saddened by how the country just spiralled downhill after 1975…

[@fathiadnan1468]

Illuminati agenda

[@ordenmanvrn7685]

Well they have seen sustained eco growth from 1990 to 2017

[@LA-cm9uo]

Love to Lebanon from Israel. Some of the kindest people I have met.

[@KK-up2rm]

No thanks

[@justsiv2250]

​@KK-up2rm Who are you kidding? Why no thanks? Because of the Palestinians? Lebanon had race laws against Palestinians until just a few years ago. Lebanon also massacred quite a lot of Palestinians on it's own. Because of your fear of Hizballa? The sad truth is that Hizballa kills more Lebanese then they kill Israelis. The sad truth is Lebanon would have been better if it had a better regime that would try to normalize relationships with Israel then being under the fist of Hizballa.

[@123222134333]

@@KK-up2rmgo back to your masque

[@zaatar3744]

Docteur après la mort

[@genghismccann7659]

No mention of Hezbollah?

[@alex42]

As a Lebanese, it was truly brutal few years, we mostly learned how to adapt and get things done despite goverment failures, but there are hurdles impossible to surmount, espicially ones that require a bureaucratic process. Hoping for better days though doubtful they will ever come.

[@VisheshSharma]

seems like you not only need a new government but also responsible people in responsible positions, even your central bank chairman also turned out to be a crook, is there anyone that you can trust? If not, then recovery will be very hard and painful

[@jamildally]

I rarely comment on youtube videos and have been a subscriber of your channel since a long time. As a Lebanese trying to survive in Lebanon, You described the circumstances that we are living in perfectly. Thank you for shedding light to our situation. For me personally, I don’t think the change is coming anytime soon because of the brainwashing that is happening here. For example you are brainwashed (mostly our parents generation) from you were a kid to hate the other (Muslims and Christians and vice versa, and even between muslims and between christians themselves). It’s decreasing over time but it still needs alot. We started it with the revolution of 2019 not just because of the whatsapp tax but more with breaking the barriers/taboos that has been haunting us since the civil war and hopefully later generations will continue to break it as well. For us to fix our economy we need To fix our socio-political issues first.

[@VinLim]

The last sentence is perfect. All the best to all Lebanese people

[@LuKiSCraft]

Exactly. The fundamental issue is the political system. You can't run a country efficiently when the government is divided by religious sect. A nation is supposed to be a state of common peoples - not 3 different peoples. Lebanon needs to truly secularize and clamp down on corruption. A complete overhaul is the only way out.

[@mfahru4767]

hope the best for you and your people

[@al1383]

It's the divide and conquer tactic that all governments use

[@bhavooksingh]

Same story everywhere. In India same thing is happening. But India is too big to fail otherwise it would have failed under current gov. till now.

[@Barryhick186]

A Lebanese man was in charge of an Australian state until recently, It was run so far into the ground with corruption that the state had to be bailed out. take that as a lesson if your entrusting these people with any kind of power.

[@drwales]

I am deeply pained to see what is happening in Lebanon and before this Sri Lanka. As a Nigerian watching these terrible events unfold in Lebanon and Sri Lanka a few months ago, I am afraid to say that the handwriting is already on the wall for us and I hope it changes if not a few months from now it could be Nigeria next. Thank you Dagogo for your in-depth look on these issues and sending a note of warning to leaders around the world. Let's hope they change.

[@crypticTV]

Sri Lanka has however to a large part recovered now already

[@drwales]

@@crypticTV I'm glad to hear this honestly

[@user-rb4lv4if9q]

I hope you don't go through similar situations🙏🏼

[@drwales]

@@user-rb4lv4if9q thank you so much. I really pray so too 🙏🏽

[@GIGADEV690]

​@@crypticTVIndia helped you guys so don't make Chinese military bases in Sri lanka.

[@RanaCollapse]

As a Lebanese youtuber, thank you so much for the overview and for highlighting my country! Westerners should use Lebanese daily life as a canary in the coal mine. Life simply deteriorating slowly and in misery, not the great catastrophe that people often imagine collapse to be.

[@user-rb4lv4if9q]

Subscribed to your channel! It looks interesting

[@RanaCollapse]

@@user-rb4lv4if9q thank you! More videos on Lebanese collapse to come!

[@ray09876543]

U r rooting for hezbollah like the majority out there right. Ur future is doomed

[@brawlerb2299]

FACT: In the mid-20th century, Lebanon was one of the wealthiest and most prosperous countries in the Middle East. Its capital, Beirut, was once known as the Paris of the Middle East. It was the only state in the Middle East where Christianity was dominant, at one point making up over 60% of the population. Now, Lebanon is Islamic.

[@sajedakhan133]

Ya so they stole the Lebanese money converted in dollars and fled to US and France leaving the rest to face the consequences 😡

[@guayaquilindependiente8763]

I visited Lebanon when I was a kid, I just remember how lively everything was… happy, kind, diverse people. It’s so sad to see this, a country with so much history, potential and fantastic people. I hope you’re able to retake your country from corrupt politicians, may Lebanon rise again.

[@adounishamade1061]

That’s history. Not existing any more.

[@CCXLINKS]

As a Lebanese still in Lebanon, I’m thankful that you shed light on our situation, I’m one of the lucky ones as I’d soon be out of here, the tension is beginning to skyrocket

[@loriinlovewithjesus]

Can you tell me what's happening there?? Same is starting here in America

[@CCXLINKS]

@@loriinlovewithjesus there been a bunch of protests over Beirut highway and my family still there is talking about tensions rising with Israel

[@loriinlovewithjesus]

Wow

[@steamerSama]

Indian here, very sad to hear about this. In India, there is a lot of corruption as well. So, this story makes me fear about my country as well

[@pinkyfinger9851]

Not gonna happen India, extreme diversity is good

[@carlramirez6339]

Do remember that even Switzerland once had a civil war. The fact they recovered shows us why political engagement to inspire good governance is essential.

[@adamfarhat8304]

Perfectly put, been waiting on you to cover Lebanon for quite some time and it was well worth the wait.

[@SamTheMan666]

As a South African this hits very close to home, I have no hope or faith in my government because they've shown time and time again that they're always investigating corruption but nothing ever gets done about it, the government has got very warm hands since they're always sitting on them for the entirety of this video I've had my jaw to the floor because I fear this happening here

[@EnesKaraboga]

"This has been a disaster in slow motion. Almost everybody saw it coming. Lebanon's politicians have simply stood by and watched their country slip into the abyss." (Sweats in Turkish...)

[@raraavis7782]

It's a worrisome situation for sure. I came of age in the late 90s and I never thought, the world would be in such a sorry state in the 2020s 😢

[@martiddy]

​@@rashid8646Is not that different tbh, everyone knows that the Turkish government is very corrupt and the economy has been falling while at the same time unemployment had been increasing in recent years. I wouldn't be surprised if they also develop hyperinflation in the next few years.

[@joveymcjupi4455]

​@@martiddy Watching the video as a person living in Turkey, we've practically had every bit of what's said in the video but to a less-extreme degree, minus the explosion of course. Although the 120% inflation rate (which is outdated obviously but you know) given in the video is not that off from our current "unofficial" inflation rate, lol.

[@HülyeLó]

Sweats in Hungarian

[@ruisearts]

As your Lebanese fan, thank you for representing us. All the love from Beirut. ❤

[@IndiaTides]

How do you know you are number 1 Lebanese fan. Did you win competition officially hosted by cold fusion in which he gives the award?

[@TNOBasedBatov]

@@IndiaTides 🗿

[@ruisearts]

@@IndiaTides self proclaimed as I have not yet met anyone else who enjoys his videos in this country. If I do, we'd make good friends.

[@FredrikNaevisdal]

Why doesn't the people try to rise up against the government?

[@ruisearts]

@@FredrikNaevisdalwe did, we got beaten up for it, and now we can’t afford to go to hospitals if something happens.

[@Wmuthoni]

This is quite sad coz several nations in Africa have or at least experiencing similar problems. When Kenya economy was almost collapsing in the turn of the 21st century I recall how Lebanese investors saved my family’s hospitality business coz tourism is a huge industry here. When we were able to recuperate our losses they gracefully made a generous partnership offer when we retook control of the business. One of the best business partners we worked with and their dedication is now well recognized over the African continent in economic development . I hope and pray that the people of Lebanon are able to help their fellow countrymen and women overcome this economic crisis to rebuild their nation.

[@santiagocarreno5881]

As a Colombian from Lebanese origin this breaks my heart; I felt we the Lebanese of the world have done so little to help our mother land, very sad :(

[@nunyabiznes33]

​@webdevprogrammer8049waka waka send the money abroad, don't give it to gov't hehe

[@con_el_maestro3544]

Zamina mina, eh eh

[@_UCS_SwapnilSahaiSrivastav]

Is this shakira commenting?

[@pvtcmyers87]

Just wow. My heart goes out to everyone in Lebanon. I really hope this crisis gets resolved soon for you all. ❤️

[@popcornfordinner5057]

I lived in Lebanon between 2018 and 2021. There are some glaring issues with this video. 1. The sectarian system has been in Lebanon LONG before the Taif agreement, in fact, sectarianism has been around since the Ottoman empire days and was solidified in the 1926 contitution drafting. 2. The Whatsapp tax was proposed in October 2019, triggering the mass protests, the pandemic followed in March 2020 then the Beirut blast happened in August 2020. 3. Electricity has always been an issue in Lebanon. When I used to visit in the 90's/early 2000's, we usually had 6-12 hours a day, now it is about 2-4 hours. 4. Lebanon NEVER had drinkable tap water 5. Riad Salame has been the president of the central bank since 1993. Although this video does a good job in providing an overview of the issues, it completely ignores the role of "certain" global powers in the downfall of this country. Lebanon is a well situated pawn in a much bigger global fight for power. Do your own research :)

[@MateoMPM]

Blaming others entirely is the path to never change.

[@popcornfordinner5057]

@@MateoMPM nice platitude dude. I experienced the whole thing first hand and have better knowledge than you, respectfully

[@kb_100]

The Lebanese need to learn that no foreign government actually cares about them. They seem to think that politicians in Washington, London and Paris are losing sleep over what's happening in Lebanon. And that it's only a matter of time before someone swoops in to save them.

[@MrHichammohsen1]

As a Lebanese who lived all my life in Lebanon except for the last 5 years, i thank you Dagogo for this one. Been a sub with the bell notifications on for years now. Everything you said was well studied, but imho we saw it right after the syrian war started and that is why most of us left, and if it wasn't for that our family would not have anything to eat by now. My parents are teachers so even the strike was hard on them and they were the last in the government to do so, because they felt the responsibility to the next generation.

[@Gdub33]

I love how you picked a topic that isn't covered by everyone and their mothers. I wasn't even aware of this. Thank you! I'm so sorry to the people who are affected by this! Please get those corrupted officials out of office!

[@RsSooke]

Growing up with friends in the Lebanese Canadian community this is absolutely heartbreaking tragedy. Even 30+ years ago when my friends parents immigrated for a better life, they believed things weren’t well back home but it’s horrific seeing how bad it has gotten.

[@oldmandoinghighkicksonlyin1368]

I lived in a Canadian community with a lot of Lebanese immigrants. Toxic masculinity is how you'd describe them now. Plus a lot of their cab drivers were funneling money back to Hezbollah.

[@adounishamade1061]

God bless Canada brother 🇨🇦🇨🇦🇨🇦👍👍👍❤️❤️❤️

[@purpshell]

I've been watching your videos for 8 years, a Lebanese citizen, and i thank you for your coverage. This is what we need at the moment, more recognition to this corruption that taunts the country. Lebanon is truly a beautiful country... robbed of its beauty.

[@alaa_abuiteiwi]

my prayers for Lebanon, may God provide for you, and rid you of thieves of all kinds

[@OmarAlikaj]

Ami'yn

[@devedee2393]

As a Lebanese, I love my country so much, and I really want to go there and live among my people, but dang, it doesn't look like it's ever gonna happen. Such a disaster. It's been like that for 20 years, and it was obvious from the start that something was wrong and it wasn't a wise choice to involve myself with anything in Lebanon.

[@pyropulseIXXI]

Never trust those of the seed of Esau; never trust an Edomite! They are the modern day banksters that destroy nations via war and induced economic collapse

[@Teutathis]

If lebanese clans keep up their ways in Europe you can expect a mass expulsion coming very soon. It's interesting how It's always the criminals that manage to make it into Europe.

[@5minutesaway]

Cronulla riot

[@balthazarmayrena600]

The Philippines watching this as this becomes a possible reality more and more each day: 👁️👄👁️

[@PehesaraFernando]

I saw that philippines has the best economic growth among ASEAN countries.isn't it

[@balthazarmayrena600]

@@PehesaraFernando definitely not true with recent data. Duterte and Marcos's admins saw the rise of national debt to soaring heights. Like, the most debt we've ever been in.

[@markusd.7409]

I wonder why you didn't even mention Hisbollah in this long documentary? Hisbollah is the major political and military force in Lebanon. The large amount of ammonium nitrate that exploded in the port of Lebanon belonged to Hisbollah (it's a main ingredient for explosives) Iran is abusing Hisbollah as a proxy in its fight against Israel. After Israel offered humanitarian aid after the explosion, this was rebuffed due to Hisbollah (Iran). Despite Israel being its next door neighbor and supplies could have been delivered swiftly (time of Covid)....

[@gj6126]

i noticed that too

[@aries5534]

This is the fate of all Islamic places without oil.

[@nero71845]

Its all usa and Isreal doing the source of evil in the world

[@johnh9200]

Growing up in the '70's Beirut was as infamous as Vietnam it looked like a basket case. I thought the good people of Lebanon had won, they turned the country around and (from what I understand) was one of the most surprisingly wonderful places to visit. It's sad that that it has gone full circle, the Lebanese people I have met are beautiful people, proud people, I hope they win their country back. As for Vietnam we were fed an enormous lie and she never deserved the reputation she had back then.

[@johnl.7754]

Lebanon is another example that religion (no matter which type) and politics usually don’t work when it is mixed together (unless you have plenty of natural resources)

[@Andytlp]

So youre saying just mixing all sorts of people, cultures and religions create too much friction and nothing gets done because everyone wants a little victory for their side? Guess i see that. Everyone should mind their own business nyyyeeeeeeesssssssssss

[@shininglamb]

Say it with me...Its Islam

[@Mk-wt7ip]

Pi$$lam always cause destruction

[@Lynn.-_-.]

Care to elaborate more? Cause after watching the video I get the impression, that the problem is with the corrupt politicians and not with religion specifically 😅, Or would you actually blame their corruption on religion? Disclaimer: I'm genuinely curious not interested in starting an argument.

[@Tyler_0_]

Israel pushed out Palestinians into the Christian Lebanon creating this mess.

[@MelhemSfeir]

Thanks Dagogo. I don’t think anybody managed to capture it and condense the full story like you have. Super well done!

[@amanullahkariapper2503]

For us in Pakistan, Beirut was for a long time the centre of resistance to imperialism and colonisation. One of our most important poets, Faiz Ahmed Faiz, chose Beirut when he went into self-exile, working as the editor of Lotus magazine. May the sacrifices of the previous generations not have been in vain. May your grit and inventiveness help you find a way that works for everyone.

[@JenkisRivera]

At this moment, it is crucial for individuals to prioritize investing in alternative source of income and not depending on the government cause all they care about is filling their pockets, particularly with the existing worldwide economic crisis. Investing in stocks and digital currencies has been principal for my finances. Therefore, it is advisable to explore these investment options to achieve financial stability and security.

[@brettondave5286]

Politicians in Lebanon didn't just observe. They are still the main factor contributing to the situation's worsening because they were the primary cause of the collapse.

[@LeletiCandaceKhumalo]

Keep fighting, Lebanon. I'm South AFricn, who went through it in 2008, is going through it once more right now. Wages that are meaningless, a thriving underground market selling things that are out of the grasp of the people, and as usual, an obstinate and sanctimonious government. It's frightening how quickly people are departing. It is uncertain who will be left. These political elites are responsible for creating turmoil and misery. They are always better off once they clean up the mess they make. You are not alone, and people will endure as long as there is hope.

[@percyklause]

You're right! I make a living for myself through passive income from crypto. Investing in stocks and digital currencies is beneficial at this moment.

[@LeletiCandaceKhumalo]

Been searching for a way to invest, the fact that I am a newbie, I believe I need someone who understands this market, someone to give me all the right advice I need to invest, thank you for sharing this helpful comment.

[@JenkisRivera]

I know him, Chester Norman Dupont. He works with fidelity brokerage service, top broker!

[@ninjafrog8419]

So no word about Hisbulla, Iran and Syria. This entire documentary is dust in the eyes

[@redasafwan1392]

Amazing how you highlighted the main reason behind the crisis in Lebanon, being the sectarian system in place. Here in Lebanon many people still don’t understand that. Thank you for taking the time to show the human tragedy behind the statistics.

[@andersonmwenda8127]

As a Kenyan, I am worried. The government is doing all that is being described here.

[@muyiwa_san]

As a Nigerian, this hits deep,we are currently on this path

[@ruisearts]

All my appreciation for this video, I secretly always hoped you’d make it.

[@Ynhockey]

I've seen many videos on the topic, and unfortunately one aspect that's almost always overlooked, including here, is what exactly happened with all those investments. They didn't stop just because some rich people lost confidence in the Lebanese economy - rather, it was political/sectarian like everything else in Lebanon. You see, the heaviest and most serious investors in Lebanon had been the Gulf states, led by Saudi Arabia. These also happened to be the countries with many tourist inflows into Lebanon. So until the war in Syria, Saudi Arabia and the UAE didn't care too much that Lebanon was controlled by Hezbollah, a Shia group fighting against Saudi-aligned Sunnis in Syria. However, once the war started, the Saudis applied pressure on Lebanon to keep out of the war, or even support the Sunni side. This didn't work, so they pulled their investments, and the tourists stopped coming. This was an extremely big financial shock that many don't talk about, maybe because they fear that the videos would get into trouble. However, this is probably the single biggest reason for the collapse, though there were many others-as you said, a perfect storm.

[@killer-ox4rp]

i was looking for this comment this is a good video but it dos not talk about geopolitics the Gulf states have been giving great amount of money to Lebanon but Lebanon is simply a dud investment the Gulf states gained nothing so they cut their losses

[@onlyonemcleod]

Thank you so ever much ... I am forever in ur Dept.... For highlighting the issue of Lebanon

[@mfernandez_arg]

As an argentinian i fully identify with Lebanon's situation.

[@MasterFatih]

Sad to watch this video, so sorry for the Lebanese people. As a Turk, we kind of experienced slightly similar situation, price of commodities have risen 3 to 4 times because of the rising inflation. I thought we were bad, but Lebanon seems to be worse :(

[@JoseEspinoza-ij9lb]

I'm from Ecuador, and the dollar was the savior here when we went through a similar story to that of Lebanon. Having a different currency keeps politicians from printing money and thus impoverishing population. Many political crises have passed, but at least the currency hasn't lost its buying power. Not to say this is the best solution but when there's no trust in politicians it's hard to implement a new currency. Peru is a good example of a well managed economy.

[@daniell14]

yeah, I am an economist and what this guy said made no sense. all the lebanese did was diminish their us reserves and other foreign reserves which is essentially just swapping your usd for the local currency which flooded the market with lebanese currency with not foreign reserves backing it. its not the us dollars fault which has been the most stable currency worldwide. seems like this was cause by corruption on the banking sector and politician which took all the usd dollars there and spent or keep it abroad.

[@narcoan]

As a muslim moroccan, lebanon's downfall has been one of the saddest things to happen to our brothers. May Allah save them all

[@DennisBassey]

I'm a Nigerian and this sounds like where Nigeria is currently headed. We have seen a lot of what brought Lebanon to where it is today - corrupt politicians that borrow money to enrich themselves, poor economic policies ...

[@YemiOnline]

You're right. Nigeria seems to be headed in that direction..

[@loriinlovewithjesus]

Happening now in America as well. 😢

[@angelehaddadcyrkiel5742]

I would like other opinions, but it seemed that Lebanon was better off under the French. Once independence from France, it seems like The terrorist took control.

[@marcdraco2189]

Excellent! Another video from ColdFusion. Brilliant narration, always properly researched. A delight.

[@rjung_ch]

This is the horror nobody needs to go through, even if those who created the mess, even if they are prosecuted and go to prison, it's all just falling apart.

[@sunilsingh7881]

Lebanon🇱🇧 used to be Christian ✝️ country then they took muslim refugees and now lebanon is destroyed. End of video.

[@fastenglish7534]

Great job Cold Fusion!!! I hope Lebanon'll recover soon inshAllah. Cheers guys from lake Titicaca Peru

[@berndblabla4249]

What are you doing in peru?

[@fastenglish7534]

@@berndblabla4249 LOL man!!! Just chillin' cuz I am Peruvian farmer around the lake Titicaca lol🌞

[@xynomorf3938]

I met person from Lebanon here in Russia . And i really felt to love. But he left me and married woman whos father gave him plase in corraptioned place in Lebanon and money. It makes me really feel GOOD to see whats going on in Lebanon. ..

[@ladybug9171]

How incredibly heartbreaking. Watching from US and counting days until such despair unfolds in our great nation. Unfortunately, we are heading in Lebanese footsteps.

[@Rationalific]

Thank you for these videos about countries that are in the midst of monumental crises. I don't hear about these things much elsewhere. I haven't see the Albania video yet, but the Sri Lanka one was also interesting, and these videos shine a light on what most of the world doesn't focus on most of the time...

[@loriinlovewithjesus]

Is this happening all around??

[@Rationalific]

@@loriinlovewithjesus I wouldn't say all around, but major crises happen in places that most people don't hear much about.

[@albertwesker295]

It's really a tragedy to live in such a situation. While my nation hasn't had an economic collapse yet, its heading there due to the pervasive corruption and overall mismanagement of our natural resources. We have become a solidified drug corridor for transit and we gave China the right to one of our natural exports for like over 100 years. It sucks to see but it's all about making a quick dollar without thinking of sustainability and unfortunately, the majority of people in my country thinks like this. Especially those in power who is most likely a front to whom is actually controlling our economy.

[@debtors]

It's so sad I almost cried. Thank you so much for the video. - from Korea.

[@ofrikalif4938]

As lebanon's southern neighbor, I wish lebanon to be an indepandent country without corrupt leader and without being controled by a proxy of Iran. We don't need wars, we need prosperity.

[@KasAlbums]

Lebanon has nothing to do with Iran. Only the Hezbollah from south Lebanon have relation with them, which are the Shiaa Muslims.

[@Unknown-sw9pu]

As a Moroccan I feel deeply for our Lebanese brothers and sisters. They’re one of the few Middle Eastern communities that has never insulted us or hurt us in any way, I sincerely couldn’t think of a more kind-hearted nationality. Stay strong Lebanese people, I believe in you, you can become stronger than you were!

[@nikiyoussef55]

has other arabs hurt morrocans i did not know that morrocans felt this way

[@Unknown-sw9pu]

@@nikiyoussef55 Yes, they make fun of our dialect, insult us in their tv news and we’re even banned from traveling to some of their countries. Some weeks ago a Moroccan Al Jazeera reported was fired for talking positively about Moroccan women in his personal profile, apparently you can’t even say positive things about us

[@FNA27601]

​@@nikiyoussef55he's trying to victimize himself lol

[@nikiyoussef55]

@@FNA27601 maybe not

[@Unknown-sw9pu]

@@FNA27601 Victimize myself? We’re literally banned by law from even traveling to some of your countries. Thank you for proving my point tho

[@Connect662]

I thought it was the migration of the POL into Lebanon... and that's why no one wants Palestinian immigrants i.e. Egypt and Jordan refusing any and all Gaza refugees.

[@FRISHR]

Corrupt Politicians = Every country's problem.

[@fireboy1996]

Good video, but you missed an important point and quite possibly the largest issue of Lebanon. That is the terrorist militia called Hezbollah that has caused and continues to cause more death and destruction in Lebanon than it ever will in Israel. This is what happens when you let a terrorist militia take over your country and assassinate the best people of your country and you just look on apathetically. Nobody in their sane mind is going to invest in a country where a militia could start a war with a neighbouring country any day. Despite reality staring them in the face a large portion of the Lebanese people still people Hezbollah is fighting some kind of a "resistance" and helping them.

[@ath3263]

Lebanon 🇱🇧 collapse geared when the mennonite Christians government in the 1960's and allowing Palestinian Muslims into Lebanon and the consequences we see today.

[@MrBamshy]

Why do I feel Nigeria is slowly following suit

[@AshOwnsIQ]

Because of Islam.

[@fadiheterjag]

Hi Dagogo! Love your videos and this one is no different. I'm Lebanese and I thought I'd give some context to some of the things mentioned in the video, as well just a few fact checks (your video is very well researched, some things are difficult to know unless you live in the country). * The sectarian system that splits power along religious lines is actually not a result of the Taef accord (which ended the civil war), that's been in place since our independence in 1943 more or less. The Taef accord primarily shifted those powers, and prescribed a pathway towards a non-sectarian system which as you say in the video never ended up happening. * While we have had instances of people holding up banks to get their own money, these were actually very few instances, not something that perpetually happens (and yes the "robbers" in these case got all the sympathy). The same applies to the long queues for refuelling: This was a massive problem for a while, and then the flow of fuel resumed and that hasn't been a problem since then. International media has a tendency to report on when things go wrong, but not when things go back to "normal", so it's easy to think that this is still the case. * Lebanon is a country where clientelism is rampant. It is very much aligned along religious lines, so it's easy to think that the sectarian system is the problem, whereas I'd say it's primarily the corruption and clientelism that has kept the political class in power through all our troubles. The local politicians essentially "fix" government jobs and other types of remunerations to entire families in exchange for their continued support and votes. Yes our current political parties are purely split along religious lines, and the sectarian system needs to burnt to the ground, but even then that won't solve our problems or bring forth a new political class because of the deep networks of clientelism that have been in place for decades. Political power is also passed down through generations in political families in Lebanon, so not even old age will help us. * Dollarisation is nothing new, it's always been the normal in Lebanon. For as long as I can remember you could buy goods in services in either USD or LBP, they have always been interchangeable in Lebanon (up until the crisis at the pegged rate of x1500). We actually carried both currencies on us as if they were one and the same. The only difference now is that shops are getting creative, basically telling you that if you pay in USD you don't get your change back in USD, or charging you less if you pay at least for a certain part of your purchase in USD. This is simply the behaviour of businesses trying to reduce their exposure to risk coupled to holding local currency and trying to get more dollars in, since that's a more stable store of value. * I would argue that the political class has to some extent been profiting from the crisis, buying up property on the cheap from desperate families that are selling off what they have to survive or flee the country. The elite are currently the few that have access to capital, and they are only strengthening their position during this crisis. They are not suffering economically, they know they sit comfortably politically (we recently had an election and they mostly all got voted back into power), so they have very little incentive to end this crisis.

[@jimmihendrixhendrix9575]

Thank God I was born in Singapore. We fight corruption all out to the core.

[@TheGringuish12]

Chilean here. In October 2019 I remember that both our countries were in open rebellion against corruption, the pillage of our resources and the brutal inequality our societies experienced at the time. It’s truly a dagger to my heart knowing that all those lives that were lost in those protest, the injuries, the curfews, were all for nothing but he consolidation of those same things that took us to the streets I hope for the better of us all, huge respect for the Lebanese people and for the many other countries that woke up in late 2019 only to fall in despair in the years that followed

[@gischalav]

the rebellion seemed like marketing in retrospect, the leaders of it became the new government and started showing their corrupted practices as well most ironic part is Boric said he would prosecute Piñera for he deemed him a human rights violator, only to travel in the same plane with him to Uruguay the past week, at least myself i wouldnt seek guidance or get close to someone that i am certain is guilty of crimes against humanity

[@erickheredia8910]

Wow. As a parent of 2, the news of parents sending away their children because they can't feed them broke my heart. Politicians are straight-up evil. After the storm has passed, Lebanese people need to use whichever method at their disposal to bring to justice any politician living abroad that is directly or indirectly responsible for this catastrophe.

[@omzy8700]

What I heard is that there was an election after the explosion and the people still voted for the same politicians

[@avivn]

I might be misguided but I have an honest question to the Lebanese in the comments: Is Hizbalah’s existence not related to the situation in your country?

[@AliSaleh-fy3io]

Before 1975, Lebanon was the jewel of the Middle East, the first Arab country to start implementing a banking secrecy plan, but unfortunately after the civil war between Muslims and Christians and the intervention of the Syrian regime and some Palestinian terrorist organizations, the matter became more difficult and Lebanon was lost and has not returned to this day.

[@dgodfather2k5]

Corruption should be sentenced as Treason.

[@peter-horvath]

Being an expat in Lebanon, it's astonishing that this video is (as I'm watching it) 2 weeks old, but already outdated :) The Dollar peg has been let go, currency has been relatively stable at around 95.000 LBP, you can pay with cards, energy is more available - but no systemic changes have happened, and it's unclear why and where new money is coming into the country. I feel we'd need live coverage of the situation :)

[@clarkriggins9588]

I don't even know what to say. Dagogo, you have done an awesome job of this video, and have let the world see the tragedy in Lebanon. What a sad, and greivous situation. A.I. can't help these people, only honest and generous people. But where are they? I think maybe, the money the tech companies make could more than help this country. But I guess, corruption can be found everywhere. Pray for Lebanon.

[@alexskanstein]

The corruption is not the cause of the Lebanon problem. The corruption is a consequence of a failed political system. Lebanon is destroyed by the religious division and by Iranian influence over the armed party in the country Hezbollah .

[@killzoomer]

This is great, I'm glad to see someone cover this so thoughtfully. You should do the Syrian war and the controlling families.

[@smugduck6448]

I am a Lebanese, still living in Lebanon, and I can't tell you how hopeless people here are. Change will never happen due to protest, or threats from Europeans. The main issue is that people in power right now benefit from the collapse by strengthening their side's ideology, that the west/enemies are doing this to us, and our allies Iran/Russia are the good guys. This country is too far gon, try to find a way to leave. So many others before you stayed and regretted it.

[@mrveeenglish]

This is a well researched and straightforward presentation. As a Zimbabwean yes I can say the dollarization has produced mixed results but it definitely stabilizes the economy

[@JeffreyArts]

Why are you saying that part of the solution lies in the restructuring the banking sector? Literally almost every video you do about corruption, crisis or other financial problems have their source in a failing banking sector. I hope that they will research how they can develop an economy that is not dependent on the banking sector. Cause I have never heard a story of a bank that did not abused the power/control is has over money

[@Coconut-219]

Because the government is allergic to accepting the consequences of their actions; "We didn't squander all of our tax dollars and increase the national debt and inflation, it was the 'evil big banks' look over there! Pay no attention to us!"

[@jmitchellkeenan]

I was there at the beginning of this April and met NUMEROUS people who told me all about the situation there. One guy used to make $2,000, but now makes only around $50 in the same timeframe. He works in tourism. I met hotel workers who were waiting at the bank to withdraw money, US dollars of course because it is the only relatively stable currency they can use. The exchange rate can change by $50,000 lira in any given week which forces stores to update prices hourly. Very sad situation

[@morrgash]

You seem to have overlooked the significant Iranian influence within the country, facilitated by their proxy militias, which has resulted in the country's gradual deterioration akin to a parasitic infestation.

[@kb_100]

Ah I see you've also fallen for the divide and rule strategy. You think all the other politicians in Lebanon are so honest and noble that if Hezbollah was to disappear they would work hard to fix all the problems? 😂

[@LaurenMartins]

Tittle: - HOW ISLAM DESTROYED LEBANON - Fixed it for you.

[@Noname-su9nr]

This reminds me of what happened to sri lanka.But it happened quicker than this.But now the situation in sri lanka is way more better than it used to be.I only hope the best for the lebanese people

[@Sound557]

If it’s the Lebanese politicians that are refusing to reform and take the IMF money, well, i think I know what the people are likely to do….

[@sambujawdeh6820]

I wish… but the reality is that most people in lebanon still to this day belong to a certain party, and the reason is that most parties represent a specific sect/religion so people can be manipulated into supporting their respective parties believing that this is the only way to protect their presence as a group here in lebanon.

[@souviksikdar1864]

​@@sambujawdeh6820 In that case this generation is doomed, but a lot of blood would be shed specially of the elites.

[@kb_100]

​@sambujawdeh6820 100% correct. It's always "the other party/sect is causing all the problems but my politician is a noble and caring leader who is protecting my community".

[@Sound557]

@@sambujawdeh6820 I know, I have a Lebanese friend and his folks (Maronite Catholics) STILL vote for the FPM party. It's not like you're ever going to get Hezbollah gone but I just want the people there to think beyond their religion. I'm not a communist but this is one of those moments when the "proletariat" has more in common with eachother than the bloodsuckers who destroyed their country.