Discover and read the best of Twitter Threads about #economiccollapse

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The central bank increased its foreign-currency reserves by nearly $650 million in less than 6 weeks by buying these dollars from the market.
#Lebanon #EconomicCollapse
#BDL’s bi-monthly balance sheet shows that its reserves increased to $10.27 billion, compared to $9.62 billion in mid-September.
The central bank had to print Lira cash in order to buy these dollars, increasing the #LBP monetary base in the market from LBP 45.1 billion in mid-September to LBP 75.05 billion today, meaning the amount of cash increased by 1.66 times in less than two months.
Read 4 tweets
How screwed up is our current situation? I spent much of the day doing my Mom's SNAP recertification. Much of it is online (don't even ask about the NYS website 🙄) but I had to call Orange County DSS to touch base with an aspect of the recert. I was on hold for ...
... over 100 minutes before I finally spoke with someone. They said that a significant part of the DSS workforce has been laid off (I assume because of the lack of funding/support from the federal govt.) and the situation is compounded due to an incredible surge ...
... of SNAP applications, due once again to the pandemic and anemic Federal response. I was trying to confirm the date of the phone interview and the person said there will be no phone interviews because they can't even catch up with initial applications....
Read 6 tweets
Daily Bookmarks to GAVNet 11/12/2020…
A Tiny New Publisher Is Making Food Books to Raise Money for Restaurants…

#books #crowdfunding #publishing
Our Obsession With ‘Expertise’ Is Holding Us Back…

#capacity #LearnedExperience #knowledge #value
Read 6 tweets

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