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karn

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Chinese haven't mastered the art of strategic maneuvering to serve business interests as well as Americans. They're currently spending cash to buy assets. Americans use strategic positioning to make cash. Their own domestic requirements are fairly high
All these balance of payment crisis makes me realise .. its just the world producing stuff and feeding Murica while all they get is some green paper in return.
 

Kumata

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Hehe Lankans... thats how u do it..50B$ default..Very interesting situation...Now chinkis have a situation with no strings attached Loans strategy..
IMO , this means China can take over all collaterals. And encash them. Not good for us. they are encircling IMO...
 

Concard

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All these balance of payment crisis makes me realise .. its just the world producing stuff and feeding Murica while all they get is some green paper in return.
That is what Bretton woods system is all about. To make matters worse scumbag Nixon took that one step ahead and delinked dollar and gold. We need to build our manufacturing capability and force other countries to accept our currency in trade in future. Ofcourse it's a long drawn process.
 

HawkisRight

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IMO , this means China can take over all collaterals. And encash them. Not good for us. they are encircling IMO...
Lol no way..
Lankans did babu bhaiyya on everyone Tum sab somvar ko aana naha dho ke paisa lene..paisa gone ghanta collateral chinkis getting nothing but ghanta...now creditors can jerk off to Srilankan HDI and happiness index rankings.. chinkis now have this tricky situation where all their BRI shouldn't go default style in those African countries...there is always a risk that other side may pull default on all the credit But now lankans will find it very difficult to get credit and it will affect their economic stability/growth for decades to come with stagnation running throughout decades....But Lankans had to face this inevitability someday or later because of political choices they started making from 1970s..
 

Covfefe

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All these balance of payment crisis makes me realise .. its just the world producing stuff and feeding Murica while all they get is some green paper in return.
That is what Bretton woods system is all about. To make matters worse scumbag Nixon took that one step ahead and delinked dollar and gold. We need to build our manufacturing capability and force other countries to accept our currency in trade in future. Ofcourse it's a long drawn process.
Exactly, the whole system is rigged to make the dollar stronger and make the lives of Muricans easier and enslave the other lot. Look at their Covid bailout packages- they simply printed India's GDP worth of dollars and distributed among their people. And interestingly, during the same tenure Rupee didn't gain any value against that currency. So all the Indians working hard all year long is equivalent to one decision by the US government to print currency, in this rigged system. This dollar addiction has to go otherwise this criminal empire will flourish forever.
 

HawkisRight

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Exactly, the whole system is rigged to make the dollar stronger and make the lives of Muricans easier and enslave the other lot. Look at their Covid bailout packages- they simply printed India's GDP worth of dollars and distributed among their people. And interestingly, during the same tenure Rupee didn't gain any value against that currency. So all the Indians working hard all year long is equivalent to one decision by the US government to print currency, in this rigged system. This dollar addiction has to go otherwise this criminal empire will flourish forever.
Ok then what's the alternative to dollar system.. muricans have built this empire of EU, Japan,Korea, Anglo countries through alliance system which is worth more than 60 trillion dollars..And control this system by different institutions in various domains such as UN,fatf,swift,imf,world bank, amnesty,world press/media corps,atomic agencies,npt,ngo's...Kaise harayenge ye itna bada samrajya...kidhar he apna alliance system..kidhr he apna currency system...kya value he apne currency ka...
 

Covfefe

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Ok then what's the alternative to dollar system.. muricans have built this empire of EU, Japan,Korea, Anglo countries through alliance system which is worth more than 60 trillion dollars..And control this system by different institutions in various domains such as UN,fatf,swift,imf,world bank, amnesty,world press/media corps,atomic agencies,npt,ngo's...Kaise harayenge ye itna bada samrajya...kidhar he apna alliance system..kidhr he apna currency system...kya value he apne currency ka...
No answer for now. But a new alliance has to rise with its centre in the East. US power is maintained thru- Control over critical technologies, control over critical resources, control over nations. That has to shift (could've shifted faster if China wasn't all short-sighted and went on a pissing off spree in the world).
 

HeinzGud

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Care to elaborate what more problems are suffered by Indian society compared to Sri Lankan society.
Well for starters Indian HDI is lower than Sri Lanka. Which is a huge problem.

Then there are extremist issues which India couldn't tackle yet.

And also, there is a concern about the pervasive laws regarding marriage and stuff.
 

HeinzGud

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If you think being Buddhist means no major issue with assimilation then you are for a surprise pal. Do take a look at Sinhalese Buddhism it will definitely not be to your liking.
This is true. There are sizeable number of fools in Sri Lanka who claims Buddha was born in Sri Lanka and Lumbini, Kapilavastu, Pataliputra etc., are all located with in Sri Lanka.
 

indian_blues

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This is true. There are sizeable number of fools in Sri Lanka who claims Buddha was born in Sri Lanka and Lumbini, Kapilavastu, Pataliputra etc., are all located with in Sri Lanka.
As a dharmic country Lanka should come into senses and assimilate itself with Bharath varsha economically, culturally and militarily, without giving up it's identity. Lack of leadership is what missing. Hope it will revive itself from the dark days.
 

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