153. Late Stage Fiat Adventures: Lebanon
The Bitcoin Standard Podcast
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Lebanese Ponzi - What's Happening?
In mid-2019, the broad money supply in Lebanon stopped growing. That's when basically the Ponzi came to a halt. And if you don't get more bag holders for your Ponzi, then it falls apart. So out of their response, they have ramped up the M0. What we thought was parabolic back then, but over the last few months, it's just been taken off even more. At this point, $2.0 million is all that remains.
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