Lebanon's Ponzi Scheme

My wife was born in Beirut, Lebanon, and I know many people who live or used to live there. Therefore, I have always been interested in why it has been trapped in dysfunction for so long, and why recovery is elusive. This video explains that the dysfunctional sectarian government created a country-wide Ponzi scheme using the Lebanese central bank. The Banque du Liban offered high interest rates to…