Inside LEBANON | An Economic Catastrophe (SHOCKING)

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Published 2023-05-19
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Welcome to Beirut, Lebanon. The capital of Lebanon is widely known for its beauty. It is often dubbed, the Paris of the Middle East. Lebanon in general is one of the worlds oldest, diverse and most beautiful countries. This nation, located in the cradle of civilisations and home to some of the most historical places on Earth, has endured multiple different empires and rulers, from the Ottomans, to the French and Phoenicians, each leaving their mark to make this one of the richest countries on Earth.
However, modern Lebanon is a country in the midst of a deep crisis. A hyperinflation crisis has caused the currency (the Lebanese Pound / Lira ) to collapse, and many local people to lose pretty much everything they had. Overnight, many peoples savings just, disappeared. This, coupled with the ongoing aftermath & effects of 2020 Beirut Port Explosion, a dispute between the government and religious sectors of the time zone, and multiple revolutions has driven this great country to the verge of catastrophe.
We came to Beirut to experience the beauty to this wonderful city, the hospitality, the nightlife and of course the cuisine, but, upon arriving, we couldn't escape the reality of what is happening here. So, this is the reality of life in Lebanon in 2023. It is shocking, angering and heart-breaking in equal measure.

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All Comments (21)
  • @MattandJulia
    Did you know THIS was happening in Lebanon in 2023? 😔❤ Skip the waitlist and invest in blue-chip art for the very first time by signing up for Masterworks: masterworks.art/mattandjulia
  • I am Lebanese and the way you describe the crisis and challenges here are so accurate 🤷‍♀️
  • Thanks to both of you for being such sensitive ambassadors for so many distressed regions that the average among us don't have any direct access to. I appreciate the truth you share. I work with a physician from Lebanon and have known him for almost 20 years and as much as he can tell, it is not the same thing as being able to see it.
  • @sebaissa9902
    I worked as a young physician at AUB in 2017-2018 and was paid 1,200,000 monthly which was a bit over 1000$. So many fond memories there. No other city has the essence that Beirut had. My heart goes out to Lebanon and its people ❤ Thank you for shedding the light ❤
  • @adenmall7596
    Like a forest fire that wipes out the old trees to make room for new growth, bearish periods ultimately establish a new crop of stocks to buy and watch while setting the stage for a robust new uptrend.I have been reading articles of people that grossed profits up to $250k during this recession, what are the best stocks to buy now or put on a watchlist?
  • Basically being a shut-in, it is difficult to see and understand that the entire world is in the same pickle as we are. People like the two of you are opening others eyes to realize it really is a small world and what affects one will make its way to everyone else. No one needs to be alone in their suffering. Loving life and letting go of what hurts is the only way to continue moving forward. Thank you once again for opening our eyes and our hearts to how others make it day to day and still keep a smile.
  • Thank you for this wonderful video! I have incurred so much losses trading on my own....I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong?
  • @annecaunce
    I've been wondering where you were as I've missed your videos, but you've come back with a belter. It's so sad to see such proud people with a rich heritage being made to suffer like this, mostly due to corruption that is out of their control. People here complain about the cost of living, but in comparison, we really don't have much to worry about. Hats off to you for raising awareness of the severity of the situation in such a sensitive way. Looking forward to the rest of the series.
  • It's good to see your travel stories again, I missed you the last weeks Sad story what happens in Lebanon, so many misfortunes at the same time. I hope the future improves soon, it's what people deserve. If you were to visit Argentina, you would find a similar situation with respect to currency exchange. We have an official fictitious exchange rate and another, the real one, that you must exchange on the black market. It is not the only similarity with Lebanon, you must also be very careful when crossing the street here! jaja Greetings from Buenos Aires
  • @typhilips8122
    Just discovered this and want to say what a lovely exposé on this country Matt + Julia. The way you tell the story of Lebanon and Beirut, the subtle but poignant music underscores, the drone captures, the meeting with Jaoa--very compelling content. Subscribed and notified! I can't wait to be along this journey together with you. 🙏🏻❤️. -ty
  • Lebanon is a beautiful country. We had a week visit quite a while ago when it was relatively peaceful. Hope you do the Bekka Valley, the wineries, the archeological sites and Biblos. Stunning country. And yes, I know how bad the economy is now from keeping up with the news. Very nice reportage. Thanks.
  • @sargon4451
    Thank you for visiting my beautiful country 🇱🇧 Beirut is in terminal decline since 2019 and I personally avoid it completely because it has a melancholic aura and makes me sad. The rich poor divide is extreme and 40% - 43% of Beirut's residents are non-Lebanese so ironically it is currently the least 'Lebanese' city in the entire country. I recommend you visit my town Zahle where the ⚡ electricity and 🌊 water supply is much better than it is in Beirut. As for food - yes, we have a fantastic cuisine but in all fairness in the areas you hang around in Beirut you won't find high quality authentic Lebanese Cuisine. Most of the tourists that visit Beirut these days are Iraqis and Egyptians and they, too, have limited spending power and perhaps are less focused on gastronomy. Enjoy the rest of your stay and for Heaven's sake stay away from the overpriced and horrible tasting coffee in paper cups from Starbucks !
  • Lebanon is such a beautiful country. The city of Beirut is Food Heaven and its people are warm and friendly. It's a shame that its economic conditions have taken a turn. Harriet and I have been to Beirut , the people are resilient and will one day come back. The video was sincere and well done. We love you Dear Friends❤❤❤ from Harriet, Jim and Yuki 🙏🙏🙏
  • I love that you two go to all different countries. Some countries are in an era of peace, while others are in an era of strife. And many in between. It enriches my life and broadens my horizons to see how people in other places overcome obstacles, go about daily life, enjoy their cuisine and practice customs. Thanks for bringing us along. I find most folks everywhere have a love of family, country, God and community. Although these priorities come wrapped a little differently in each locale.
  • I remember in the late 70’s we had a young man’s (7th grade) had been sent to Iowa and was in my class. His brother was a high school teacher and that’s why he was able to come over. He hadn’t been to school for 2 years. Listening to him was fascinating and sad for him. He had left his parents there.
  • @hughprice2310
    An informative update on such a beautiful country. I was fortunate to visit Lebanon in 2009 and 2010. Let us hope it can recover from this crisis. The people, the food, wine and climate make it a remarkable place to visit.
  • @carolali8851
    Very informative, thank you for posting. Your friend was really helpful in pointing out some of the problems. I look forward to seeing more parts of Lebanon in your next videos.
  • @ag1170
    I love all of your videos, no matter where you go. They’re both informative and entertaining. Thanks for sharing!
  • Great to see you two again ! Even in a sad post. Stay safe ! 💕🌷
  • @amomahi
    A beautiful and insightful video, Joao was great! One of your best videos I reckon.