You're right about the treasury being looted. The general consensus now is that all the finances of all political individuals and their associates need to be scrutinized and investigated. During the Pandora papers, we were shown that Nirupama Rajapaksha had enough money in offshore accounts to feed the entirety of the country for years.
As for debt, I have no idea how things will go. A current minister, Vasudeva Nanayakkara said the same thing about the IMF: "they'll fleece us.". Despite being a part of the problem, even he knows that SHTF if IMF gets in.
The current fuel crisis is being engineered to put Ceypetco (The Ceylon Petroleum Corporation) out of business. The reason it was incorporated in the first place by Sirimavo Bandarnayake is because:
- We don't have fuel resources,
- therefore we can't make our own fuel,
- we were already dependent on fuel because... well y'know we're a country with industries.
External oil companies saw the opportunity and started asking for whatever price they wanted since we had no bargaining power.
Sirimavo's solution was to tariff the shit out of the externals and incorporate Ceypetco. Ceypetco then brings in crude oil and processes it at Sapugaskanda/Kerawalapitiya. This doesn't just give us petrol/diesel, but a whole lot of additional products during refining that we sell to the nation at a lower price.
Most of the oil fiasco is deflection from "No USD" to "The shipment is delayed". All to destroy Ceypetco and give Lanka IOC (Indian Oil Corp) a foothold (at the time of writing they are the only ones capable of supplying what petrol we have remaining.
Look to iceland for guidance on how to do this well. They crashed out hard in 2008 when their small and horribly over-levered economy failed, and they told the debtors (all the same thieving bankers that blew up tied to realestate and mortage backed securites) to piss off and recovered themselves.
I'm not sure if we're in a position to make this move at the current time. A lot of key industries depend on imports, and doing this will bring us back to the Qingdao Carbon Fertilizer fiasco. Not sure how it'll go, but we'll see.
You sound in high spirits - I hope you are well and safe, and your family and friends are likewise thriving.
I'm rather well-off actually, the crisis hasn't affected me as much as it has affected others (who have had their entire lives wiped out). On one hand it makes me angry, but at the same time I understand there needs to be a catalyst.
WWG1WGA!
You're right about the treasury being looted. The general consensus now is that all the finances of all political individuals and their associates need to be scrutinized and investigated. During the Pandora papers, we were shown that Nirupama Rajapaksha had enough money in offshore accounts to feed the entirety of the country for years.
As for debt, I have no idea how things will go. A current minister, Vasudeva Nanayakkara said the same thing about the IMF: "they'll fleece us.". Despite being a part of the problem, even he knows that SHTF if IMF gets in.
The current fuel crisis is being engineered to put Ceypetco (The Ceylon Petroleum Corporation) out of business. The reason it was incorporated in the first place by Sirimavo Bandarnayake is because:
- We don't have fuel resources,
- therefore we can't make our own fuel,
- we were already dependent on fuel because... well y'know we're a country with industries.
External oil companies saw the opportunity and started asking for whatever price they wanted since we had no bargaining power.
Sirimavo's solution was to tariff the shit out of the externals and incorporate Ceypetco. Ceypetco then brings in crude oil and processes it at Sapugaskanda/Kerawalapitiya. This doesn't just give us petrol/diesel, but a whole lot of additional products during refining that we sell to the nation at a lower price.
Most of the oil fiasco is deflection from "No USD" to "The shipment is delayed". All to destroy Ceypetco and give Lanka IOC (Indian Oil Corp) a foothold (at the time of writing they are the only ones capable of supplying what petrol we have remaining.
Look to iceland for guidance on how to do this well. They crashed out hard in 2008 when their small and horribly over-levered economy failed, and they told the debtors (all the same thieving bankers that blew up tied to realestate and mortage backed securites) to piss off and recovered themselves.
I'm not sure if we're in a position to make this move at the current time. A lot of key industries depend on imports, and doing this will bring us back to the Qingdao Carbon Fertilizer fiasco. Not sure how it'll go, but we'll see.
Look to Iceland for guidance on how to do this well. They crashed out hard in 2008 when their small and horribly over-levered economy failed, and they told the debtors (all the same thieving bankers that blew up tied to real estate and mortage backed securities) to piss off and recovered themselves.
I'm rather well-off actually, the crisis hasn't affected me as much as it has affected others (who have had their entire lives wiped out). On one hand it makes me angry, but at the same time I understand there needs to be a catalyst.
WWG1WGA!