| 30 May 2024, Thursday |

The ruling system is leading us to the Great Collapse!

The big collapse is on its way. What has occurred and continues to occur between the judiciary and the banking sector confirms one thing: the corrupt political system is the first and final arbiter. The judiciary fulfills its responsibilities and tasks, that is, it does what it is supposed to do. He cannot sit idly by while a bank depositor, or a group of depositors, is harmed in a lawsuit.

Banks, on the other hand, are doing everything they can to preserve the remainder of their financial portfolio in the face of a total financial, economic, and social collapse. So we have two parties: a judiciary doing its job and banks doing everything they can to keep the bitter cup away from themselves. In this case, who should be held accountable?

The political system, more specifically the legislature. And this is where the specific responsibility comes into play. It is sufficient for the Parliament to approve the Capital Control, so that the responsibilities are established and the depositor, as well as the banks, understand what they owe. However, the solution at this level proved to be a problem, because Nabih Berri opposes Capital Control.

The Finance and Budget Committee and the Administration and Justice Committee both approved the law, but Nabih Berri is still procrastinating and has not yet passed it in the General Assembly for a thousand reasons.

So the issue is with the organization’s leader, Nabih Berri, while the rest of the members are satisfied, content, and complicit. It is a corrupt system that continues to wreak havoc on the country’s remaining sectors. Is anyone moving ahead of the complete and total collapse?

  • Sawt Beirut International