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Started By
Message
re: Sri Lanka has fallen
Posted on 7/9/22 at 8:01 am to BKellyno
Posted on 7/9/22 at 8:01 am to BKellyno
Cliffs:
SL relies heavily on tourism for capital
Covid smoked them.
Foreign money stops flowing in.
Therefore, SL begins to take on way more debt than ever before .
SL central bank begins printing too much local money.
SL cannot repay debts denominated in dollars
SL defaults.
Companies can no longer send in goods like food and energy because they now require Pre-payment in USD.
SL has no USD.
Massive inflation hits local currency (too much money chasing too few goods)
People begin to starve and have no power.
People over throw the government.
SL relies heavily on tourism for capital
Covid smoked them.
Foreign money stops flowing in.
Therefore, SL begins to take on way more debt than ever before .
SL central bank begins printing too much local money.
SL cannot repay debts denominated in dollars
SL defaults.
Companies can no longer send in goods like food and energy because they now require Pre-payment in USD.
SL has no USD.
Massive inflation hits local currency (too much money chasing too few goods)
People begin to starve and have no power.
People over throw the government.
This post was edited on 7/9/22 at 8:03 am
8
Posted on 7/9/22 at 8:09 am to evil cockroach
quote:
People begin to starve and have no power.
You left out that the government banned chemical fertilizers resulting in a 30-50% reduced farm yield.
Posted on 7/9/22 at 8:28 am to evil cockroach
Similar circumstances as in the US. We are much bigger and have more resources, but it’s coming.
Mussolini treatment.
Mussolini treatment.
Posted on 7/9/22 at 8:34 am to evil cockroach
All that because of central bankers and their schemes
Posted on 7/9/22 at 8:48 am to evil cockroach
quote:
People begin to starve
The farmers weren’t allowed to use fertilizer either. Additionally, fuel was a big NO NO as it isn’t “green.”
As such, crop yields dropped dramatically.
One of those crops was tea, their biggest export.
Losing tourism was a blow, but doing so, while not being able to feed yourself (due to policy decisions) was the death knell.
Posted on 7/9/22 at 8:55 am to evil cockroach
TLDR
Green Socialist policy is the problem. We are on a similar path and would already be there if not for petrodollars.
Green Socialist policy is the problem. We are on a similar path and would already be there if not for petrodollars.
This post was edited on 7/9/22 at 8:57 am
Posted on 7/9/22 at 9:07 am to evil cockroach
quote:China wove Sri Lanka into a BRI debt trap, then unloaded Covid-19 onto the planet eliminating SL ability to meet BRI obligations.
Cliffs:
17th-18th century colonialists took land by military force. 21st century Chinese take land through banking and debt manipulation.
Posted on 7/9/22 at 9:39 am to evil cockroach
Watch China step in
Posted on 7/9/22 at 2:27 pm to evil cockroach
quote:
evil cockroach
quote:
Cliffs:
SL relies heavily on tourism for capital
Covid smoked them.
Foreign money stops flowing in.
Therefore, SL begins to take on way more debt than ever before .
SL central bank begins printing too much local money.
SL cannot repay debts denominated in dollars
SL defaults.
Companies can no longer send in goods like food and energy because they now require Pre-payment in USD.
SL has no USD.
Massive inflation hits local currency (too much money chasing too few goods)
People begin to starve and have no power.
People over throw the government.
Post more often. Please.
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