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🐦 Current economic crisis and social uprisings | @AzizSapphire
74 sats \ 11 comments \ @ExponentialBTC 10 Apr 2022 bitcoin
Current economic crisis and social uprisings
  • 🇪🇨 Ecuador
  • 🇵🇪 Peru
  • 🇱🇰 Sri Lanka
  • 🇵🇰 Pakistan
  • 🇹🇷 Turkey
  • 🇿🇼 Zimbabwe
  • 🇻🇪 Venezuela
  • 🇦🇷 Argentina
  • 🇱🇧 Lebanon
  • 🇰🇪 Kenya
  • 🇳🇬 Nigeria
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30 sats \ 1 reply \ @TheBTCManual 10 Apr 2022
Don't forget the greeks too - https://www.reuters.com/world/europe/greek-workers-strike-over-soaring-prices-low-wages-2022-04-06/
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0 sats \ 0 replies \ @ExponentialBTC OP 10 Apr 2022
At this rate, the next post like this would list only countries which aren't seeing protests over prices of food and fuel:
Global food prices rise to new highs…
The @FAO Food Price Index rose by 12.6% in March 2022 from February 2022. Year on year the increase is 34%!
https://i.imgur.com/UAo1Y1Q.jpeg
[Larger image
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5 sats \ 0 replies \ @cryptocoin 10 Apr 2022
It isn't hard to see what is coming; another Arab Spring, but this time on a global scale. The Global Spring is set to be much more chaotic and less isolated than the Arab Spring of 2010. People across the globe - from Europe, to South America, to the Middle East, to Africa, to Asia, and North America - are suffering as they struggle to keep up with rising prices.
There will be more protests popping up as the war between Russia and Ukraine wages on and puts increased strains on commodities markets.
There will be more currency collapses as governments try to curb their inflation problems by (idiotically) printing more money.
Issue #1190: The Global Spring is upon us | Marty's Bent #18606 https://tftc.io/martys-bent/issue-1190-the-global-spring-is-upon-us/
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10 sats \ 7 replies \ @ExponentialBTC OP 10 Apr 2022
More video from Sri Lanka, where the currency is collapsing and food shortages are increasing.
Protesters in Sri Lanka have defied a nationwide curfew and now just broke through more police barricades.
Sound ON
[Video]
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0 sats \ 6 replies \ @ExponentialBTC OP 10 Apr 2022
New video footage from the economic collapse happening in Peru right now.
The people are upset over high costs of food and fuel.
Sound On
[Video]
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0 sats \ 5 replies \ @ExponentialBTC OP 10 Apr 2022
New video footage from the economic collapse happening in Peru right now.
The people are upset over high costs of food and fuel.
Sound On
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0 sats \ 4 replies \ @ExponentialBTC OP 10 Apr 2022
[Pakistan's PM] Khan had said he would not recognise an opposition government, claiming - without evidence - that there was a US-led conspiracy to remove him because of his refusal to stand with Washington on issues against Russia and China. .
Imran Khan ousted as Pakistan's PM after key vote https://www.bbc.com/news/world-asia-61055210
Khan has not commented publicly on his ouster but even before the vote, he called for protests.
Nominations for Pakistan PM due; supporters of ousted Khan expected to protest https://www.reuters.com/world/asia-pacific/nominations-pakistan-pm-due-supporters-ousted-khan-expected-protest-2022-04-10
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0 sats \ 3 replies \ @ExponentialBTC OP 10 Apr 2022
The [Myanmar] Central Bank on Sunday issued a notice ordering businesses and individuals to convert dollars and other foreign currency into kyats within one day or face legal consequences.
It also said that foreign currency can only be sent overseas with government approval.
Gunmen shoot deputy governor of Myanmar Central Bank | ABC News #19060 https://abcnews.go.com/International/wireStory/gunmen-shoot-deputy-governor-myanmar-central-bank-83931264/
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0 sats \ 2 replies \ @ExponentialBTC OP 10 Apr 2022
In Lebanon, where nearly three-quarters of the population was living in poverty last year as the result of a political and economic collapse, between 70% and 80% of imported wheat comes from Russia and Ukraine. Key grain silos were also destroyed during the 2020 explosion at the Beirut port.
With an estimated 70% of the world's poor living in Africa, the continent will also be "very exposed" to rising food and energy prices, Arezki said.
Droughts and conflict in countries like Ethiopia, Somalia, South Sudan and Burkina Faso have created a food security crisis for more than a quarter of the continent's population,
Political instability has already been building in parts of the continent. A series of coups have taken place in West and Central Africa since the start of 2021.
Even countries with more developed economies, which have greater buffers to shield citizens from painful price increases, won't have the tools to fully cushion the blow.
From Pakistan to Peru, soaring food and fuel prices are tipping countries over the edge https://www.cnn.com/2022/04/09/business/food-fuel-prices-political-instability/index.html
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0 sats \ 1 reply \ @ExponentialBTC OP 10 Apr 2022
Plans by [Zimbabwe] monetary authorities to introduce a $100 note come at a time when inflation has risen to 72.7% in March, interest rates have been revised upwards to 80%, the auction system exchange rate has risen 30% to ZWL$146 since January, with the parallel market rate almost double.
[Image]
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0 sats \ 0 replies \ @ExponentialBTC OP 10 Apr 2022
A man protesting against the high cost of living arrested outside [Kenya's] Treasury building
[Video]
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