ONE:“Pivot-to-Asia: America executes a Ligthening Coup to take control ofa strategic Island in the Indian Ocean” …. in LankaWeb, 13 June 2022 …. note DATE
Bewildered, reeling and confused, Sri Lankans are just beginning to pick up the pieces of the jigsaw to decipher the events of Black-Monday, 09 May 22, when America, with its all-too-familiar ‘false-flag’ operations, executed a lightning Coup, to take control of the strategic Island in the Indian Ocean.
Taking control of the Island-Nation was critical to the Americans to implement their re-chartered game-plan for the Indian-Ocean region; this plan, they were compelled to develop following the unexpected defeat of their proxy mercenaries in Sri Lanka.
We look at the looming possibility of a global recession amid rising inflation, the pandemic and the Russian war in Ukraine. World financial institutions and wealthier countries should take stronger actions such as writing off debts that are crippling developing nations, says Jayati Ghosh, economics professor at the University of Massachusetts Amherst. “This is just completely lack of political will. It’s not because we don’t know what to do.” Her piece in The Guardian is headlined “There is a global debt crisis coming — and it won’t stop at Sri Lanka,” and she also discusses other countries on the brink of an economic collapse, including Pakistan, Nepal, Nigeria, Ethiopia, Panama and Argentina. Democracy Now! is an independent global news hour that airs on over 1,500 TV and radio stations Monday through Friday. Watch our livestream at https://democracynow.org Mondays to Fridays 8-9 a.m. ET. Support independent media: https://democracynow.org/donate Subscribe to our Daily Email Digest: https://democracynow.org/subscribe
Support The Interview with Karan Thapar – https://fij.mojo.page/support-the-int… One of the most highly regarded former Governors of the Central Bank of Sri Lanka has said that if Ranil Wickremesinghe does not implement very tough measures the country’s economy can fall into the abyss. Indrajit Coomaraswamy says he believes it will take the Sri Lankan economy at least five years to get back to where it was in 2019 and that will only be possible if the tough steps of recovery that he speaks about in the interview are implemented by the Wickremesinghe government. Join The Wire’s Youtube Membership and get exclusive content, member-only emojis, live interaction with The Wire’s founders, editors and reporters and much more. Memberships to The Wire Crew start at Rs 89/month. https://www.youtube.com/channel/UChWt…
“But to watch cricket, there has to be a country left for us to watch it in, no?” A fan at the Galle Test Match that ended with an innings victory for Sri Lanka. July 11, 2022
Spirits were high on July 11 when the Sri Lankan cricket team beat the visiting Aussies by an innings even though the country was in its worst economic crisis ever, due to a lack of Dollars to buy fuel caused by an international Sovereign Bond (ISB), debt trap and Staged Default.
Dilini Madushanki, in Ceylon Today, 17 July 2022, with this title “Sri Lanka a ‘warning sign’ for countries with high debt levels and limited policy space — IMF,”
Claiming Sri Lanka is a ‘warning sign’ for countries with high debt levels, IMF Chief Kristalina Georgieva warned officials from the Group of 20 major economies to take urgent action to combat inflation, warning that the “exceptionally uncertain” global economic outlook could turn worse if higher prices persisted.
Georgieva, speaking at a G20 finance officials meeting in Indonesia, said “I wish the global economic outlook was as bright as the sky in Bali, but unfortunately, it is not. The outlook has darkened significantly, and uncertainty is exceptionally high. Downside risks about which the IMF had previously warned have now materialized.”
“But to watch cricket, there has to be a country left for us to watch it in, no?”A fan at the Galle Test Match that ended with an innings victory for Sri Lanka. July 11, 2022.
Spirits were high on July 11 when the Sri Lankan cricket team beat the visiting Aussies by an innings even though the country was in its worst economic crisis ever due to a lack of Dollars to buy fuel caused by an International Sovereign Bond (ISB), debt trap and Staged Default.
The cricket victory followed a magical weekend in which the Aragalaya, or peoples’ struggle, exceeded all expectations, staging multiple coups to peacefully claim both the Presidential Palace and the Prime Minister’s official residence. Massive waves of protestors unseated the island’s President and PM without a single person killed in the gunfire. Later the protestors cooled off in the Presidential pool and had impromptu concerts celebrating what appeared to be a successful regime change operation.
On Saturday 16 July I received two emails from Michael Roberts which contained emails from two of his friends. The first email came from someone Michael describes as “An old schoolmate from Galle now in Canada”, while the second email came from someone described by Michael as “a Burgher pal with a sharp mind and pen”. The two emails from these Sri Lankans contain highly erroneous claims that cannot go by unchallenged and hence this refutation.
Writing from Canada (where he has been resident for a while), Retd Brigadier Ranjan De Silva, an Aloysian like me and a Peradeniya graduate from my time in the late 1950s,has sent me a Note with explicit criticisms of the positions adopted in some items within Thuppahi and with (as you will find out) contentious claims about the political economy associated with the programmes of the Mahinda Rajapaksa administrations in the recent past.
I place his series of charges in the public domain. I will respond in due course because I am inundated with email demands and Thuppahi tasks at the moment. But I place his readings of the past in the public realm NOW because I am confident that some of his assessments are horrendous and will attract a host or replies which will provide pertinent information about the economic processes and political manoeuvres that are buffeting the island nation of Sri Lanka.
Moreover, I reckon that Ranjan has drunk water and whisky at some American bar and been overwhelmed by the ambience of that world….. Michael Roberts
Du Qiongfang, in Global Times, 12 July 2022, with this title “China ready to work with relevant countries, intl financial institutions to help Sri Lanka tackle current difficulties: FM”
China will continue providing assistance for the economic and social development of Sri Lanka and support its efforts to recover the economy and improve its people’s livelihoods, the Chinese Foreign Ministry said on Tuesday.
The remarks came after foreign media claimed that Sri Lanka, mired in economic and debt crises and suffering political instability, is in discussions with Japan, and possibly with China in the future, on “bridge financing.”
Thuppahi's Blog · This web site presents the interventions of MICHAEL ROBERTS in the public realm with reference to Sri Lankan political affairs. It will embrace the politics of cricket as well. ROBERTS was educated at St. Aloysius College in Galle and the universities of Peradeniya and Oxford. He taught History at Peradeniya University and Anthropology at Adelaide university. He is now retired and lives in Adelaide.