ravishingravi Posted July 26, 2022 Share Posted July 26, 2022 Think libbies might avoid talking about GDP per capita for few days. So effectively apart from China and Bhutan India is surrounded by countries in economic trouble. https://www.news18.com/amp/news/world/bangladesh-seeks-imf-support-to-ride-out-financial-crisis-5628979.html raki05 1 Link to comment Share on other sites More sharing options...
ravishingravi Posted July 26, 2022 Author Share Posted July 26, 2022 Meanwhile beetle and raki05 1 1 Link to comment Share on other sites More sharing options...
ravishingravi Posted July 27, 2022 Author Share Posted July 27, 2022 raki05 and Clarke 1 1 Link to comment Share on other sites More sharing options...
Clarke Posted July 27, 2022 Share Posted July 27, 2022 They gave a $200 mil loan to SL last year Link to comment Share on other sites More sharing options...
ravishingravi Posted July 27, 2022 Author Share Posted July 27, 2022 6 minutes ago, Clarke said: They gave a $200 mil loan to SL last year Probably they read Shekhar Gupta and believed the story raki05 1 Link to comment Share on other sites More sharing options...
ravishingravi Posted July 27, 2022 Author Share Posted July 27, 2022 dial_100, Vk1, Clarke and 3 others 6 Link to comment Share on other sites More sharing options...
LordPrabhzy Posted July 27, 2022 Share Posted July 27, 2022 14 hours ago, ravishingravi said: Think libbies might avoid talking about GDP per capita for few days. So effectively apart from China and Bhutan India is surrounded by countries in economic trouble. https://www.news18.com/amp/news/world/bangladesh-seeks-imf-support-to-ride-out-financial-crisis-5628979.html https://www.reuters.com/business/finance/china-probes-banking-inspector-henan-province-after-fraud-case-protests-2022-07-24/ Widespread banking Fraud which meant Chinese citizens have lost close to $6BILLION in deposits with protests seen. This could effectively mean the end in confidence in chinese banks and the financial system which its growth relies on. Banks have already started to restrict withdrawals and if you stop common people from accessing their own money this could lead to a bloody fightback against the CCP and if China is fked then the world is Fked ravishingravi 1 Link to comment Share on other sites More sharing options...
ravishingravi Posted July 27, 2022 Author Share Posted July 27, 2022 20 minutes ago, LordPrabhzy said: https://www.reuters.com/business/finance/china-probes-banking-inspector-henan-province-after-fraud-case-protests-2022-07-24/ Widespread banking Fraud which meant Chinese citizens have lost close to $6BILLION in deposits with protests seen. This could effectively mean the end in confidence in chinese banks and the financial system which its growth relies on. Banks have already started to restrict withdrawals and if you stop common people from accessing their own money this could lead to a bloody fightback against the CCP and if China is fked then the world is Fked China is in deep deep trouble. But they have scale. Even if you don’t have margins but have scale, a lot can be managed. For India also, scale matters. raki05 1 Link to comment Share on other sites More sharing options...
BacktoCricaddict Posted July 27, 2022 Share Posted July 27, 2022 7 hours ago, ravishingravi said: Probably they read Shekhar Gupta and believed the story They probably underestimated the power of Dr. Shiva. https://www.mattridley.co.uk/10808 Eco-extremism has brought Sri Lanka to its knees An obsession with organic farming ‘in sync with nature’ triggered an unsustainable but predictable economic crisis At the time, Rajapaksa's organic decision was widely praised by environmentalists. Sri Lanka scored 98 out of 100 on the “ESG” – environmental, social and governance – criteria for investment. Vandana Shiva, a feted environmentalist, said: “This decision will definitely help farmers become more prosperous.” She has been silent recently. Dr Shiva has led relentless criticism of the Green Revolution of the 1960s, which brought fertiliser and new crop varieties to south Asia, banishing famine for the first time in history even as population increased. Her (and others’) claims that traditional, organic farming could feed the world more healthily remain wildly popular among environmentalists. Sri Lanka has tested that proposition and found it wanting. Link to comment Share on other sites More sharing options...
nevada Posted July 27, 2022 Share Posted July 27, 2022 Another SL in the making? This can't be good, with economies collapsing left and right in our neighborhood. Link to comment Share on other sites More sharing options...
ravishingravi Posted July 27, 2022 Author Share Posted July 27, 2022 4 hours ago, BacktoCricaddict said: They probably underestimated the power of Dr. Shiva. https://www.mattridley.co.uk/10808 Eco-extremism has brought Sri Lanka to its knees An obsession with organic farming ‘in sync with nature’ triggered an unsustainable but predictable economic crisis At the time, Rajapaksa's organic decision was widely praised by environmentalists. Sri Lanka scored 98 out of 100 on the “ESG” – environmental, social and governance – criteria for investment. Vandana Shiva, a feted environmentalist, said: “This decision will definitely help farmers become more prosperous.” She has been silent recently. Dr Shiva has led relentless criticism of the Green Revolution of the 1960s, which brought fertiliser and new crop varieties to south Asia, banishing famine for the first time in history even as population increased. Her (and others’) claims that traditional, organic farming could feed the world more healthily remain wildly popular among environmentalists. Sri Lanka has tested that proposition and found it wanting. As much as organic farming cost SL and it did play a role, the country was looking down the barrel anyway. At best it fastened the process. Clarke 1 Link to comment Share on other sites More sharing options...
BacktoCricaddict Posted July 27, 2022 Share Posted July 27, 2022 (edited) 1 hour ago, ravishingravi said: As much as organic farming cost SL and it did play a role, the country was looking down the barrel anyway. At best it fastened the process. They were bending at the back. This brought them to their knees. If you can't produce food that your own people can eat and sustain the agricultural exports that are a significant source of your income - do the math. Rice yields fell over 20%. They spent $450 mill in a year to import rice. Tea production fell 20% or so. Not only export losses, but running out of cash to subsidise farmers who couldn't get plants to grow and pests to die ... bcoz Vandana? Edited July 27, 2022 by BacktoCricaddict Link to comment Share on other sites More sharing options...
Clarke Posted July 28, 2022 Share Posted July 28, 2022 16 hours ago, nevada said: Another SL in the making? This can't be good, with economies collapsing left and right in our neighborhood. Probably not, just that they're not resilient enough for the currently challenging circumstances. In case of SL it was one thing after another: Terror attacks, covid, tax cut blunder, farming blunders. They were struggling big time last year even before the war affected worldwide prices. BD was seemingly ok last year. Link to comment Share on other sites More sharing options...
BacktoCricaddict Posted July 28, 2022 Share Posted July 28, 2022 9 hours ago, MultiB48 said: I understand you dont like her but one woman wont change the mind of a govt.Seed and fertilizer imports costs a lot ,sl may have been trying to cut costs but then all these big corporations and their media wont like it. Certainly plausible, bhai. They probably did not want to admit that they didn't have the money to buy fertilizer and decided to spin it a different way. Who knows? All we know is that Dr. Shiva was advising them, publicly celebrated the decision and boasted about it when it was made, but is trying to wiggle out of the situation when it became clear it was an atrocious decision. Link to comment Share on other sites More sharing options...
ravishingravi Posted July 30, 2022 Author Share Posted July 30, 2022 Link to comment Share on other sites More sharing options...
Clarke Posted October 18, 2022 Share Posted October 18, 2022 https://indianexpress.com/article/entertainment/bollywood/bangladesh-denies-permission-for-nora-fatehi-dance-to-maintain-foreign-exchange-reserves-8215471/ BD going aatmanirbhar, now that's one step forward for the akhand bharat bunch ravishingravi 1 Link to comment Share on other sites More sharing options...
bharathh Posted October 18, 2022 Share Posted October 18, 2022 6 minutes ago, Clarke said: https://indianexpress.com/article/entertainment/bollywood/bangladesh-denies-permission-for-nora-fatehi-dance-to-maintain-foreign-exchange-reserves-8215471/ BD going aatmanirbhar, now that's one step forward for the akhand bharat bunch Wow! How much were they planning to pay her for this to make such a difference?! Link to comment Share on other sites More sharing options...
Clarke Posted October 18, 2022 Share Posted October 18, 2022 58 minutes ago, bharathh said: Wow! How much were they planning to pay her for this to make such a difference?! Symbolic gesture. Not as funny as the other padosi where leadership suggested to reduce consumption. The "tea was fantastic" meme backfired spectacularly. Link to comment Share on other sites More sharing options...
bharathh Posted October 18, 2022 Share Posted October 18, 2022 11 minutes ago, Clarke said: Symbolic gesture. Not as funny as the other padosi where leadership suggested to reduce consumption. The "tea was fantastic" meme backfired spectacularly. All our neighbours have gone about banning some food or the other recently. Nepal banned Kurkure, Pak tea, SL - can't afford any of the above. Waiting on Bangladesh to ban Maggi or something. Link to comment Share on other sites More sharing options...
ravishingravi Posted October 18, 2022 Author Share Posted October 18, 2022 2 hours ago, bharathh said: All our neighbours have gone about banning some food or the other recently. Nepal banned Kurkure, Pak tea, SL - can't afford any of the above. Waiting on Bangladesh to ban Maggi or something. God forbid if they have to ban the thing that consumes lot of water and energy. Akhand Bharat is becoming a reality. Though I would really prefer Akhand India first. Link to comment Share on other sites More sharing options...
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