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IPFS News Link • Trump Administration

How the US helped push Lebanon to the brink of collapse, and now threatens more sanctions

• http://www.ronpaulinstitute.org, Ben Norton

A massive explosion on August 4 devastated Lebanon's capital Beirut, killing more than 150 people, wounding thousands, leaving hundreds of thousands homeless, and ravaging a sizable chunk of the city.

The massive blast also destroyed Lebanon's most important port, where 80 percent of food was imported into the country.

Even before the apocalyptic incident, Lebanon was enduring an economic calamity that had caused hyperinflation and wiped out the wealth of much of the country, fueling widespread food shortages and 20-hour blackouts.

Lebanon's economy is now in a state of total collapse. The value of its national currency has plummeted by 80 percent, and more than half of the population is languishing in poverty.

Political kingpins, activists, Western government-funded NGOs, and international corporate media have blamed Lebanon's problems solely on corruption. And there is no question that widespread financial impropriety and outright theft was a key factor in bringing the country to such a dismal point.


http://www.thelibertyadvisor.com/declare