tv Inside Story Al Jazeera September 18, 2022 2:30pm-3:01pm AST
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1st, the plants and the flowers attract the insects there, followed by birds, and then mammals and even bigger mammals, amaica nature, lover alexys, could nichol is familiar with these plants and apply. yeah, it will empathy, how much water you fall meant that this plant is cold, turkey and his green leaves emerge when it rains in and its leaves are eatable. they taste good, even though they are a bit salah, the guin arcos eat them because they have time water from the leaves. there's no water here. as you know, nasa, scientists often use the at the camera 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 mud slides. it's spring now in south america. but this desert
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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 and human al jazeera copy, apple chilly. ah, it's good every with a solo adrian for the going here. and though, how the headlines, oil 0, the u. s. house speaker says that she strongly condemns what she calls illegal attacks by azerbaijan on armenia. nancy pelosi was speaking in the oven just days after an outbreak of violence between the neighbors. i was a serious study, cheng reports from the out of m. she referred to those attacks as her illegal and deadly and clearly portraying azerbaijan as the aggressor. he said, the united states valued democracy here in armenia, that it was
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a very valued partner. he said the u. s. had committed to economic help her from armenia in the discussion she had with the speaker of the parliament here she wouldn't be drawn on security consent. there are a number of questions from arminian journalists about the kinds of guarantees that the united states could give to armenia. when it came to securing its borders, she said that she had her delegation. we're here to listen to what our media wanted and they would take that back to washington d. c. ukraine's president says that evidence of widespread torture has been found. has more bodies on earth, but a mass burial cited is him. the eastern city was retaken for brushing forces last week. live pictures from london where thousands of people continue to wait for hours to pay their respects to queen elizabeth the 2nd sunday is the last chance to see her coffin lying and straight ahead. of monday's state, she in rural typhoon not madeau,
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has made land fallen southern japan. millions of people have been told to move to safety. strong winds and heavy rains are causing blackouts. several flights have been cancelled. others. the headlights of these continues here on al jazeera, after today's inside story, which is coming up next. ah their boss from getting their own money. some deposit has 11 and have held our banks to reach the funds. it's happened as the country is experiencing. it's worse, economic turmoil indicates. so how will the crisis pay out socially and politically? this is inside story.
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ah hello, welcome to the program. i'm hashim i had borrower. 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 rec, wymond sat by the international monetary fund to ensure it's assistance. it happened on the same day as a series of bank, holdups, desperate customers, and had 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 with shut their jaws for 3 days. then
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a hodder has this report from barret. oh, a series of bank hold 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 means, every time i go to the bank, i'm your military. 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 . no, ha, ha ha. we have rights and does the resolution 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 getting them got 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 am 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
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money. everyone's asking for a dollars, but i don't have dollars have mercy out. there is little holding the country together. and lebanon. stability is at risk. santa hood there alger 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 bought explosion in 2020. ah, let's bring in our guests from beirut will lead father, dean, media analysts, and political activists from anti france has an armored highly financial and economic expert. also from beirut, salmonella, the director of the levant institute for strategic se affairs. thank you all for joining us. what did deposit as are determined they'll bond to withdraw their savings. the government is saying it cannot allow that to happen because they justin sent about capital flight. where does that leave lebanon? actually, if you remember when you were discussing, calling for a capital control in november 2019, nothing happened. we don't have it. so unknown for the banks and backed by
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a central bank, are holding the money. deposit off the positives 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, the whole bank or dogs and it's not the 1st time it happened. and it's, it's a unique scenario when it's a bank hold up for people to get their money. they're not eating someone's money. so action isn't stealing, not stealing in actual violence, this is, can, this can be debated. but if we, any 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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isn't, 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 that it was in on all the, 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 needs university, which is the public universities. it's not the everybody'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 so far they
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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 and the parliament and the government are made and generated by a bunch of or a deep and running because it must just bible eat and bone tide and our
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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 or problem is, is secular is a, is the 2nd is just the which was built after the civil war and then we find that we thought we received that 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 is not the budget. it is the system. okay. 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 house term, and very soon a country divided along sectarian lines. he doesn't see any way out to 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 burden is on the economy side on the social side, but this is definitely politically and the 5 that is it 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 our and this is putting the whole country in his
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statement, nothing has been done. 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 it kind of robin who kind of asks why? because that's 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, that the 11 ration is so high and we're seeing the people take 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, but this is a sign of a failing state and what is worse? and this, what we've been seeing for the last 34 days indicator of a social explosion in my view. 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 regional conference, the region coughing, no question. that's at the fact that we have a we are geographically on the board is are this correct? and that is an armstrong against them. but however, we always insist that the corrupt system that they stay breeding's conspiracy on us. not that is a conspiracy to create
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a page thing. 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 already the last 2 years, there was nothing done by the government. the government is the criminal at the government is the judge standing it in court. the judge covenant. so they are the criminal and the judge. those people are incapable in capable of providing reforms to crimes that corruption, they created. this is a simple as that i can, we can talk about whether capital could do this either that or whether if we do, i am glad. ok. do i am a threat? it gives you 3000000000 dollar over 5 years and condition at the blah, blah, blah. but so what we are in a gap of over a $100000000000.00. when it, when you look at the scenes coming out from lebanon,
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of the angry people storming into bank, such as a sally half as i were talking about in separated isolated individual acts of desperation. or it is something that is likely to morph into a wider process movement, lebanon. i think, i think, given the current circumstances, and this is going to, it's a snowball. it's going to go up, you could, 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 a 161 with the sy fi which is another ice of the $1.11. and we have around 67 back of the u. s. dollars,
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so which is less than the black 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 sell it to the black market. and the difference is coming from nowhere in 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 in as the maximum millions a month. so you can have something from $150.00 to around $400.00 maximum a month. why the inflation next? i bay. 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 acts of violence, is still being a stop to being out of money going out of gas. machines are found exchange offices. the climate is guys is increasing and, 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 very 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, 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 read 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 50 years they try to change things. they took it to the street, they operated or they had to betty a beautiful illusion. all 3 were fitted to all the places from the exchange. also the extreme north from being rude to that because they tried to be for mean to dislodge this ruling elite and that is all after the election establishment, paul found its way to for a come back and this is plunging the population into despair and dismay. the class you were talking about has been
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a exceeding that the garages that despair on one side and it, it is impoverished because the average salary today does not exceed $50.00. a judge and public administration must be salary. it does not exceed $300.00 a soldier in the army, and we're talking here about $50.00, a sanity. how you can was this level of salaries of earnings sustain estate. so all the indicators concurred to say it's not only about a falling of my knees, but in this chain of belly beneath. so site it's more important aspect of is a collapse of them in the class. but it's the dis, structuring of that the bernice site has and the i m f in particular. and the
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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 the parliament will want you to increase taxes, particularly cost some 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 with some of the dedication, some guy and i say on the spot for both, for what i said, some of the fisher to buy and best buy ins, lebanese operations, they know that they are cheating up and they know they will be in order for so increase customer, that's it, as was, is not about it. so you should,
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you take it off from the drawer and 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 the 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 isolate the kind of back give it to bad best. they kind of bullet dishes into use it for a fission,
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and bringing fresh bags in the country with fresh investment. so that we can go back to what we go gradually, norman economy as we get the weather culture industry covers of delight. fortunately, those populations and those bankers are so much in 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 if they don't, because the nation has to do something, we're going to go back. we're going to 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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provides that our president can give you some brochures and says if you don't mind, what did you said earlier? you want something outside of the system and answer or solution outside of the system. you know that the architecture that pervade 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 will 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 girls in it. and 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 them that, but they can only go to them,
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and these are things that needs to be baited. ok, and lebanon. have a different question. 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 whole of the bank . i deposit those with more than 10000 or 20000. thank you. with $200.00. so these are the laws thought into violence. get back them when it in less than 20 seconds. the think that the 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 nobody's 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 the key that you see. countries don't want to to think about lebron on
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because of has been law and in the country because at the end of the day or any place controlling are all important. this is a race 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 thought is also going to call the thanks on twitter. i'll 100 is i j inside for the, for the entire team here in the like ah,
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