Lebanon’s Deputy Prime Minister, Saadeh al-Shami made an official announcement on Monday declaring that Lebanon is bankrupt. This development appears to have been prophesied in the Bible by Ezekiel.
Speaking to Al-Arabiya, Saadeh said that the losses will be distributed to the government, the central Banque du Liban, banks, and depositors. “There is no conflict of views about the distribution of losses,” he said.
“Unfortunately, the state is bankrupt, as is the Banque du Liban. Our Government wanted to come up with a solution, and the loss occurred due to policies for decades, but if we did nothing, the loss would be much greater.”
Saadeh continued, “This is a fact that cannot be ignored, and we cannot live in a state of denial, and we cannot open (bank) withdrawals to everyone. I wish that our situation was normal.”
In chapter 26 in the Book of Ezekiel, the prophet foresees that Lebanon will become a place of “drying nets” and a “spoil for the nations.” The chapter speaks of Tyre, which was the Phonecian capital of Lebanon at that time.
She shall be in the heart of the sea A place for drying nets; For I have spoken it —declares Hashem. She shall become spoil for the nations (Ezekiel 26:5)
Nebuchadnezzar’s plundering of Tyre
Although the prophecy refers to Nebuchadnezzar’s plundering of Tyre as punishment for the city’s inhabitants gloating over Jerusalem’s misfortunes, the prophecy seems as relevant today as ever. For example, Hezbollah chief Hassan Nasrallah, who runs Lebanon warned in a recent speech that any “violation” of Jerusalem would result in a regional war that could include pro-Iranian groups from several countries. He also said his “Axis of Resistance” promises to “defend Jerusalem.” This type of gloating could have been precisely what Ezekiel was referring to. Another example of this type of ‘gloating’ happened in May when Nasrallah warned Israel regarding their latest Gaza operation, ‘Guardians on the Wall,’ to “not misjudge Lebanon, as you did with Gaza, knowing that our situation is different.”
The prophecy about Lebanon becoming a ‘spoil for the nations’ seems to have merit today. That’s because, following the infamous Beirut blast of 2020, China has targeted the northern port of Tripoli as a critical link for Beijing’s Belt and Road Initiative (BRI). Lebanon has also been reported to be a Chinese business target.
This might also be referenced in the 12th passage:
They shall plunder your wealth And loot your merchandise. (Ezekiel 26:12)
Fuel shortages triggered by a foreign exchange crisis forced Lebanon into effective bankruptcy. Daily life has been virtually paralyzed as fuel dries up because the country lacks the dollars to pay for it..a “place for drying nets” indeed.