EGYPT in Deep Trouble - WTF is Going On? Pound Devaluation, Inflation Soars, $43BN Emergency Bailout

Please Support The Channel: YouTube Membership - YouTube Super Thanks (click below) Egypt has been in FINANCIAL CRISIS since Russia’s invasion of Ukraine resulted in the price of commodities such as Oil & Wheat to Skyrocket. Egypt is a NET IMPORTER and has a negative Balance of Trade. The country is short of US DOLARS and imports recently stopped as the country was unable to pay meaning that it was facing potential BANKRUPTCY. Egypt is already one of the IMF’s largest Borrowers and asked for an emergency BAILOUT. In this video I provide more details of the situation and discuss what is likely to happen to Egypt. For specific details please check out the CHAPTER list below. Thanks for watching and please LIKE and SUBSCRIBE. Chapters: 0:00 Intro 3:48 EGYPT 4:49 BALANCE OF TRADE 7:36 EGYPTIAN POUND 13:02 INFLATION 15:28 FOOD INFLATION 16:44 INTEREST RATES 18:36 IMF DEBT 20:20 UAE LAND DEAL 21:41 SUMMARY & CONCLUSION #egypt #ukraine #russia #imf #uae #GLOBALFINANCIALCRISIS #RUBLE #SWIFT #RECESSION #CHINA #USA #NATO #WW3 #WORLDWAR3