Thanks to Moebius2249 for the link!
via Reuters
Sri Lanka’s collapse is front of mind for many. read more Protesters fed up with crippling shortages of essential food and fuel items are on the streets, prompting multiple members of Prime Minister Mahinda Rajapaksa’s cabinet to offer to resign late on Sunday. Social unrest will probably accelerate a restructuring of some $44 billion of international sovereign debt. Though Sri Lanka’s problems follow years of mismanagement, its speedy unravelling is a warning to sturdier economies from Europe to Asia suddenly grappling with a spike in the cost of living.
A current account crisis read more has intensified after the West fired its sanctions bazooka at Russia as punishment for its invasion of Ukraine. Rolling blackouts and a state of emergency are frightening away remaining tourists, a crucial source of foreign exchange. Food inflation hit an eye-watering 30.2% in March. The currency’s 40% depreciation against the U.S. dollar in one month, including a central bank managed devaluation, is blowing out leverage ratios: Public debt estimated by the International Monetary Fund at 120% of GDP is perhaps some 40 percentage points more than might be deemed sustainable, guesses Citi.
This is the danger of the sanctions!
The knock-on effects of this thing are already being felt worldwide and its gonna get worse.
I would bet body parts that you're seeing all kinds of backroom games being played, band aides being applied and work arounds attempted to keep a lid on things but eventually you run out of room to maneuver.
This won't just be a 3rd world thing either. It's gonna go global and touch on the 1st world.
Our citizens are already stressed by covid, the protests, rising prices, the war in Ukraine and now runaway hyper inflation.
I AM SEEING signs that society is cracking. Not micro cracks but massive cracks that show signs of the whole thing shattering.
The sanctions will apply so much stress that a meltdown could occur.
Is there a better way to deal with Russia? Don't know. At this point I don't care. What I do know is that after the "Bucha" thing the first thing out of Biden's mouth is additional sanctions?
The fucker must be on crack.
If you're in America all I can tell you is to gun up, train up and get your ass in the gym. Crime is gonna spike and police are spread thin.
A crime wave from hell is on the horizon.
No comments :
Post a Comment
Note: Only a member of this blog may post a comment.