Lebanon’s economy has been in a state of collapse for a long time now. Even before the virus hoax, there were all sorts of problems with their banking system. They now have a situation where the criminal banks are refusing to let people withdraw their own money. This has been going on for quite awhile. Now, desperate people are starting to break into the banks and are even holding up the banks demanding their own money.
BREAKING: Ten banks have been robbed just today in Lebanon by people who are claiming their money is frozen by the government due to the economic crisis🚨
When people get desperate, these things will happen everywhere.
🔊sound pic.twitter.com/fgVSuplMas
— Wall Street Silver (@WallStreetSilv) September 17, 2022
One woman held up a bank with a toy gun.
A woman in Lebanon held a bank hostage with a toy gun to access family savings to pay for her sister's cancer treatment.
Banks have frozen people's accounts for 3 years due to its economic crisis.
"I was going to sell my kidney," she said: "I have nothing more to lose." pic.twitter.com/y5V4CtEwge
— AJ+ (@ajplus) September 14, 2022
Beirut, Lebanon:
An armed young woman held up a bank today to demand she be able to withdraw cash from her account to pay for her sister’s medical bills. The country has been in economic crisis & the government restricts how much cash one can withdraw. pic.twitter.com/CFrdAPhGlG— Andy Ngô 🏳️🌈 (@MrAndyNgo) September 14, 2022
A three day bank holiday has been declared by the government to try and put an end to this.
Lebanon is closing all banks for three days as depositors in multiple incidents across Lebanon have started to rob and break into banks to get access to their own funds…
The banks are all insolvent and unable to meet depositor withdrawals demands…
🔊sound pic.twitter.com/BKSadNahJn
— Wall Street Silver (@WallStreetSilv) September 17, 2022
The banks are in a situation where they don’t have the money to pay all the depositors. This is what a run on the banks look like. When the banks can’t pay all the depositors, they put rules in place to prevent people from withdrawing their money. Depending upon the situation, they’ll limit withdrawals or not allow any withdrawals.
Similar things can happen in the West. If you think that they can’t, you are fooling yourself. This is why you need to have assets outside the financial system. The bankers here will do the same thing they’re doing in Lebanon if they find themselves in the same situation.
