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tv   Inside Story  Al Jazeera  September 18, 2022 10:30am-11:01am AST

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in and its leaves are edible, they taste good, even though they are a bit sour. the going arcos eat them because i have time water from the leaves you for this my water here. as you know, nasa, scientists often use the at the common deserts, rocky terrain to simulate planet mars, but extreme weather patterns are taking their toll. this winter, it actually snowed in the arid elk valley. not so far south from here. while for the north, in the, at the comma, there will mudslides it's spring now in south america. but this desert loom is emerging much more slowly than in the past. because rain is becoming more and more irregular. leading many to wonder if all this is destined to disappear as another casualty of climate change. to see in human al jazeera copier bull chilly. ah,
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it's good to have you with a fellow, adrian finnegan here. and so how the headlines and al jazeera, hear us how speak up nancy pelosi is in our media. the highest ranked american official to visit since its independence in 1991. it comes out to renewed fighting between our media and as a by john miller contested region of no gonna cover buck a ceasefire. but in place since where the state tardy chang reports now from europe . she said meeting the speaker the parliament a little later this morning. earlier today at about 730 local time, she went to pay her respects at the memorial to the armenian genocide adjuster on one of the hills just on the edge of your van. she's going to be speaking to the speaker, making some public statements yesterday or she arrived. she tweeted that he was here to show her support her armenia for their further democratic progression. and that of the caucuses generally said she was here to recognize the armenian genocide . he was president joe biden as delivered
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a stark warning to russia against the use of chemical or nuclear weapons. he made the comment and a pre recorded cbs t. v. interview before leaving for queen elizabeth's funeral in london, ukraine's president says there's evidence of widespread torture. as more bodies have found a mass burial size in the countries east, the city of ism was reclaimed from russian forces last week. the czech republic, which holds the e u presidency as calling for an international war crimes tribunal to be established. but heads of state security agencies incurred to get started. tajikistan had discussed the latest flare up and fighting along their disputed border. thousands of people have been killed in the violence. the 2 former soviet states blame each other for the fighting, which broke out on wednesday. and thousands of people in london continue to queue on the last day they have to pay their respects to queen elizabeth the 2nd, the lion to westminster hall, which has become known just as the cue is more than 6 kilometers long,
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some people faced weights of 13 hours of the man's diet. as tropical storm fiona hit, the french olive guadalupe in the caribbean, roads, bridges, and power lions have been damaged, leaving many communities cut off and without electricity those the headlines. what do you see here? and i'll just here after inside story next. now anti semitism is of evil under a labor government. it will not be tolerated in any form. what so ever. beneath the surface lies the darker side in british politics. the labour files are one on al jazeera, their bars from getting their own money, some depositors 11, and have held our banks to reach the funds. it's happened as the country is experiencing it's worse economic turmoil in decades. so how with the crisis bay out socially and politically, this is the inside story. ah
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hello, welcome to the program. i'm hashem, aha, butler, lebanon's, economy crisis is getting worse. it's parliament suspended. budget talks on friday after politicians walked out, calling them unconstitutional and chaotic. this will delay efforts to complete the requirements set by the international monetary fund to ensure it's assistance. it happened on the same day as a series of bank. holdups, desperate customers entered branches with weapons demanding the return of their savings deposits. financial institutions had limited, withdraws to avoid collapse. now they say they are weighed for their work as safety and was shut their jaws for 3 days. then
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a hodder as this report from bay dot o, a series of bank called up the cross lebanon in just a few hours depositors armed and demanding their money. they've been locked out of their accounts since the financial crisis began in late 2019. in most cases, they were able to get some of their funds the. i'm going to move every time i go to the bank, i'm your mailing agent. they give me a little amount of my money as if i my becca, don't i have money, but i love like a poor man. we can't buy medicine. oh, the raids on friday followed to on wednesday. activists are promising more to come . i called ha, we have rights and dilution by depositors who support any depositor who wants to claim his right. banks won't be able to work on till our trap savings are released . politicians,
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many of them bankers have failed to address the financial collapse. instead, banks announced the 3 day closure next week over mounting security concerns. didn't know they didn't found a comedy to solve this situation. the banks, the banks are saying that they will close 3 days. i'm telling them that at the board they, when they will open, they will face hundreds of deposit. those are the branches. so far, incidents have ended peacefully with those involved only briefly detained. there's chaos across the lebanese capital and fears. the situation will only get worse if politicians failed to improve living conditions. the economy began to collapse 3 years ago and many say they can no longer cope. the currency has collapsed, unemployment is rising, state services are almost non existent. i say in the county is heading to how we are so tired. i had to leave my house because there is no electricity and water. i have no money. everyone's asking for a dollars,
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but i don't have dollars have mercy out. there is little holding the country together, and lebanon. stability is at risk. santa hood, their elder cedar beirut. so how did lebanon get into this state? the country has accumulated high debt since the end of the 19751990 civil war into a 1016 banks offered high interest rates for new deposits of dollars and lebanese bounds funded reserve climbed. but so did liabilities metaphor in donors backed out . blaming sectarian fighting, a lack of governors, and a failure to deliver reforms in 2019 people protested against corruption and government plans to tax what's up cause the world bank says political graft has driven the country to near bankruptcy. in march 2020 lebanon defaulted on its fine debt. the country lost the dollars. it relied on and banks closed their doors.
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levin is also struggling to recover from the beirut port explosion in 2020. ah, let's bring in our guests from beirut will lead bardeen media analysts and political activists from anti of france has an armored highly financial and economic expert. also from beirut, salmonella, the director of the levant institute for strategic st affairs. thank you all for joining us. what did deposit, those are determined they'll bond to withdraw their savings. the government is saying it cannot allow that to happen because they just insert about capital flight . where does that leave lebanon? actually if you remember when you were just talking, calling for a capital control in november 2019, nothing happened. we don't have, you know, so unknown for the banks and backed by
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a central bank are holding the money deposit off the positive for this leaves us with no other way, but to try to get actually our money a some will go to violence. some we go to the whole bank or dogs. it's not the 1st time it's happened and it's, it's a unique scenario in the bank hold up for people to get their money. they're not eating someone's money. so action is stealing not stealing in actual violence. this is, can, this can be debated. but if we are in a country where we're 3 years, no serious at dance, to address the problem, not even to sell people, ok. we're gonna give you money, maybe in 5 years, maybe in 10 years. this is our nothing off the top and people are frustrated. and there's many other economics. in fact, is that why we're interviews this summer and the subsidies for the fuel
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is, is, is over now. inflation age is, are very high. as a private school, i was like, why are you to pay part of the tuition in us dollars university way? why pay by to that? which in, on all of that, depending on the university in the us dollars, why the public schools i closed because of their strikes because they public servants don't want to go to work with the spinal salaries, benjamin needs university, which is the public universities. it's not the everybody, it's going to start anytime soon. so the problems, the crisis is escalating in evey speed in evey high speed and the presentation is high. all right. i will see other forms of people experiencing f station industries. hudson. the steps taken by the government
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so far they to little to lay to prevent a total disintegration of the economy. thank you for receiving me on this program. let me reiterate that every time i give an interview being once a year or any other media, we repeat the same acid level. so it's not that budget for this year. as you know, the budget that we discussed on today is september of 2022. it's for the 2002 year, which means we're only 3 months away from the year. and that's all the metrics of numbers that the government is putting together. let me remind you this government is form like all government that used by parliament, which is regenerating its non stop as the parliament and the government are made that generated by a bunch of 7 or 8 deep and running because it must just bible eat and
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tide and our solution is no longer do we do this with that capital control or back because what do we do in our problem is this is the magic problem. problem is, is secular is a, is the 2nd is just the, which was built after the civil war. and then we finally, we thought we received a light in 1985 agreement, the same people who bought, who put the war room after that. so they committed war crimes at that the committed describe it. this is unprecedented. this is the only country, the word with the population. money is due by the people who put the war as good ruling as still present the but you asked me is it that we present the budget? it's not the budget. it is the system. ok. this denise change. sammy are, are you of the same view that is about time to start looking into the system itself
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before going in to talk about political reforms. because if you, if you ask anyone from the i m f, he looks of the charts and he sees the country itself. politically paralyzed. a president's has term and very soon a country divided along sectarian lions. he doesn't see any way out of this political crisis, and therefore, i don't see an enthusiasm from the international community about stepping forward and helping lebanon. yeah, i mean, definitely the problem is economic conduct good and is on the economy side on the social side. but this is definitely politically and the 5 that is thought that it a blockage at the level of the decision making because of the conflict on one side . and because the country is exposed to the regional conflict, given the balance of power. and this is the putting the whole country in his
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statement. nothing has been done and we have seen that people are taking it to the street are embedding the bank in order to get try to get that there. right. and the kind of robin who kind of asked why, because that, that the state is fading, the government is failing to deliver to justice. the state is failing to deliver solution to their economy. a problem like what he was saying. i mean, it has been like more than 2 years, 3 years to the crisis and nothing has been done. they didn't agree even on an economy plan to address the crisis. and given all of that, the ration is so high and we're seeing the people taking a trying to get their own, their own, the rights with their own hands. unfortunately,
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because this is against the law. however, i mean, they, one can understand that this is a sign of a failing state and what is worse and this what we've been seeing for the last 34 days and indicators of as social explosion in my view pocket. a question and i think has been addressed what will come next? i said, i feel like you want to step in. yeah, i mean, i don't disagree with my colleagues, send me in and relieve all. i'm saying we don't have to refer always that we are in the middle of the region, coughing the region, coughing, no question. does that affect the fact that we have a we are geographical? the board is, are this correct? and that is an arm stuck in against them. but however, we always insist that the corrupt system that they stay breeding's conspiracy on us not there is
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a conspiracy to create to peach state. we are ascii and, and said me being someone who lives in lebanon. i don't blame him for, for looking only at the micro rather. and michael in the last 2 years or when the last 2 years, there was nothing that by the government, the government is the criminal at the government is the judge standing it in court. but jock, a cabinet, so they are the criminal, not the judge. those people are incapable of any capable of providing reforms to crimes that corruption, they created. this is a simple as that. okay, we can talk about whether capital could go to see that with that or whether if we do, i am glad you do. i am a credit, you 3000000000 dollar over 5 years and condition of the blah, blah, blah. but so what we are in a gap of over a $100000000000.00. what it, when you look at the scene is coming out from lebanon,
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of the angry people storming into banks such as a sally half as i were talking about in separated isolated individual acts of desperation. or is this something that is likely to morph into a wider process movement 11. and i think, i think, given the current circumstances and this is going to, it's a snowball. it's going to go up. you can with day off today, i believe more and more that this is the only way to do it. the if we go back a bit, we see whatever have been happening, especially since december december center has been issued. the ocean 161. where is the sy fi which is another ice of the $1.11, and we have violence 7 boxes of the u. s. dollars. so which is less than the black
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market? you can go to the bank and exchange fashion. benny's pounds for dollars with a less than the black mark, and then you both send it to the black market. and the difference is coming from nowhere is the controls are becoming more and more tight. now if you have a bank account, you can go from the bank between, depending on your deposit between 5 to 10000000, maybe if b as in maximum millions a month. so you can have something from $150.00 to around $400.00 maximum a month. why the inflation next ave. hi. so this is most people will get down less than $200.00, which is not enough even from their salaries. we're not talking about some of their long term deposits, so people i be suffocating day after day. and i think what's going to happen after the banks are open on thursday or yes on thursday,
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and they will have more security measures. maybe maybe their front office will be closed by the back office and it's only a matter of time when someone will be more creative to come with a different idea to hold up the bank so that they can get their deposit. so, if we don't look at the problem as a whole and try to find a solution, we want to expect from the people to do anything less. but this is only part is the bank, but, but another thing which is becoming more and more seen then lebanon is axel. violence is still being still being out of money going out of gas machine. so i found exchange offices, i'm a guy is increasing and that's other and the other hand, the security is by news. the police is paid something like $4050.00 a month,
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so they don't even want to wear many our me. so we are in a serious condition and on the other hand, on the political, i've heard there's no actually this is a currently in government. ok, i'm the president. and so we are, and in that law and we, i more going to get vacuum. i think we need to be smart in getting so you sions maybe outside the system and they're coming few weeks, sammy, if you look at the of the data by the world bank talking about the local currency, which is the lira which has been depreciated by something like 90 percent, 80 percent of the population. now there's below the poverty line. we're talking about what was for their case, the pride of the lebanese nation, the it's middle class is almost decimated. yes, definitely. and this will be very difficult to rebuild because all the
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people will have this time, they fled to a expectation of naughty. because why? because for the last 3 years they try to change things. they took it to this 3 day operated, or they had to betty a beautiful illusion. all 3 were fitted all the places from the extreme south. so the equity extreme north from being rude to that because they try to be for the mean to dislodge this ruling. elite and that he's all after the election establishment, paul found its way to for a come back and this is branching, the operation into despair. and this method of class you were talking about has
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been exceeding that the garage is that the spare on one side. and it is the impoverished because the average salary today does not exceed $50.00, a judge and public administration. his monthly salary does not exceed $300.00 a soldier in the army. a we're talking here about $50.00, a sanity. how you can was this level of salaries of earnings sustain estate. so all the n b caters concur to say it's not only about a falling of very bad knees. they, but it, this rupture and of believe, been nice sight. it's more important aspect is a collapse of them in that class. but it's the structuring of that. you bernice
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site has and the i m f in particular. and the international community said this time we would like to see some genuine financial and economic reform. we don't, we don't want to see or hear about any cosmetic reform. and one of the main preconditions by the i'm if the set to the president of the government and to the parliament when will want you to increase taxes, particularly cost them taxes by similar, the government is afraid to move ahead with this because they're just afraid of a popular backlash give us your intake and how should the government deal with this in particular? so i spoke in person the, to some of the dedication and i say on the responsible for what i said, some of the official of the buy in best buy ins, lebanese operations, they know that they are cheap and they know they will be in order for so increase customer, that's it as well. it's not about it. so you take it off from the drawer and
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implemented, you discussed on an enormous economy which is trying to recover our problem apart from the systematic problem. i mention politically, we have the problem back to the sector. you cannot 3 ignite an economy so that it goes back to normal without a proper functioning bank. and the bank owners are behaving as well as politicians if not work very as possibly as well as the deposit the deposit, the bank owners and denials that they have their banks. mike, the banks are not able to find it a company of the economy because they lack capital and dollars and we need proper bagging in order to unite economy. what's the solution is that you have to instantly at isolate the kind of back give it to bad best they kind of bullet dishes into use for
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a fission and bringing fresh bags in the country with fresh investment. so that we can go back to what we go to actually lawman economy. and we cathy, it like whether agricultural industry covers at the like i thought should leave those populations and those bankers are so much and power they will prevent this. so we are, in addition to the i am, i will not be able and they are not convinced that they can do anything. all right, what we need and what we need a solution. you asked me not that i am, we need that international pores are convinced quality that it is in the nation and it, because of they don't because the nation has to do something. we're going to go back . we can go back, we can move very fast into a somalia situation, where there's a paid state for the last that, you know, lebanon at the national pressure, to insulate and rational kind of politicians to step aside and build the state
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program, which our president can give you some brochures and says if you don't mind, well it, you said earlier, you want something outside of the system and answer or solution outside of the system. you know that the architecture that prevail after the civil war was based on this consensus within the key, sectarian group 11. and how can you think about a different architecture? basically if you try something for actually 30 years and it fail, it's only the stupid with try again because you get using the same methods because you're gonna get the same result. i think the post civil war because there are architecture as ben coolin it's death. how do we say it's not working? boy, it's, it's failure. when we are talking about the banking sector we're talking about are all of that, but they can only go to them. and these are things that needs to be baited, ok,
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and lebanon to the happy defend it. but there's something very, very important, because you see, talked about the middle class lebanon. i think it's also very market to see that most of the people who are doing the hold of the bank. i deposit those with more than 10000 or 20000. thank you. william. it's $200.00. so these are the laws. thank you. going to violence, get back them when it's in less than 20 seconds. the think that the goals nation will be convinced anytime in the near future to inject cash the way the is to do in the past, to balance the sheets for the bodies government. i think yes, it can be sold, but before data that you're on, question has to be sold in a way or another. today it's a countries you don't want to to, to think about lebron on because of
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a law and in the country because at the end of the day or any place controlling are all important. this is a resource because we're really running out of time. sammy not has that much. how do we need to know really appreciate your inside looking forward to talking to you in the future about this quite interesting story coming up from lebanon and thank you for watching. you can see the program again any time by visiting our website a dot com for further discussion. go to our facebook page, facebook dot com, forward slash ha, inside saudi. also going to go on twitter. i'll 100 is add a j inside for the, for the entire team here in the indonesia your investment destination, the world's 10th largest economy,
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al jazeera. with the, with the bank gets close that out. here it is here. everything the way i got together with updates with fans across the globe, things can expect some strong support. hearing with the spotlight on north and central america in canada build on that 1st place. finishing qualifying poll will the us mexico of costa rica rights to be created the webcam camp on al jazeera ah, the u. s. how speaker is in our media as a truce holes in the fighting with azerbaijan.

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