Global Events & Politics Überthread

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Seriously though - Lets continue to quadruple down on failed policies.
 
zitothebrave said:
Correct, but the ban was pulled last November.

https://indianexpress.com/article/e...-fall-in-rice-output-and-the-economy-7865051/

"But as earnings from tourism (from $3,606.9 million in 2019 to $506.9 million in 2021) and workers’ remittances ($6,717.2 million to $5,491.5 million) plummeted, the reserves, too, started depleting. They fell to $4,055.16 million in end-March 2021, $2,704.19 million in end-September and $1,588.37 million by end-November 2021. The latest end-February 2022 data from the Central Bank of Sri Lanka’s website shows the total official forex reserves at $2,311.25 million, which suffices for just over 1.3 months of imports.

It’s quite possible that the decision to ban imports of chemical agricultural inputs may have been as much a response to depleting reserves as the ruling regime’s commitment to organic agriculture. Fertiliser imports alone were valued at $258.94 million in 2020. Given the rising international prices, the import bill in the normal course would have gone up to $300-400 million in 2021. Banning/restricting imports may have been viewed as a means for conserving scarce foreign exchange."

It's a muddy situation, that seems to ultimately come back to corruption and poor planning.

https://foreignpolicy.com/2022/05/12/sri-lanka-protests-crisis-rajapaksa-prime-minister/

"In 2019, newly elected President Gotabaya Rajapaksa cut taxes, leaving the government with insufficient revenue when the pandemic began. The hit to tourism did further damage: The tourism industry’s contribution to GDP fell from 5.6 percent in 2018 to 0.8 percent in 2020. But the government still spent heavily, resulting in a currency depreciation. A 2021 ban on chemical fertilizer reduced agricultural yields, contributing to rising food costs."
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The ban had already done the damage. Makes you wonder how many quit the business too.

"Although the ban was rolled back after widespread protests, only a trickle of chemical fertilisers made it to farms, which will likely lead to an annual drop of at least 30% in paddy yields nationwide, according to agricultural expert"
 
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An absolute slap in the face of struggling Americans.

How much does the 'big guy' get of this?
 
WEF is trying to buy up all this farmland after the farmers are bankrupt

I take note of the silence from the leftist who supposedly support the working people and not the powerful government (hahaha)

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**** the liberal world order. Humans were not meant to be planned for by a central power.

Resist and destroy it all.
 
Just imagine how much better everything would be if we smartly negotiated a territory split with Putin instead of destabilizing all of Europe?
 
Garmel said:
I laugh when the libs here try to say the republicans are as crooked as the dems. We're only involved with Ukraine because of their slush fund there.
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Hello Burisma!

Democrats impeached Trump because he was going to tell the country about how corrupt the Establishment is.....

That is why they had to unleash a bioweapon and cheat in an election.
 
To be clear though... The traditional GOP is corrupt. This is why I haven't voted for them.

Ukraine has a lot of support from cocaine Mitch and the coalition
 
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