This Climate Change Scam Needs To End: Sri Lanka announced a default on its $51 billion foreign debt (Acute food and fuel shortages) – April 12, 2022,

 
I don’t know anything about the Sri Lankan government or how it operates, but as many of us have pointed out, these artificially high energy prices fueled by the Greta Thunberg crowd of corporate climate change alarmism are going to have a devastating impact on the fossil fuel-dependent third world nations. Regarding Sri Lanka it doesn’t have the worlds reserve currency, meaning that demand for its currency is probably nonexistent, so if Sri Lanka wants a loan, it’s going to have pay back the loan in foreign currencies, so if all of sudden the Western world decides that it hates Russia, and wants to make climate change alarmism a primary concern, well then COSTS are going up.
 

We have to also factor in Covid-19 and the reality that western nations like Canada and America which sent their citizens free money for being UNPRODUCTIVE, can only do this because they have world reserve currency status. In the United States, its Federal government is running I think it’s a 30 Trillion dollar deficit, in Canada, whose TOTAL population is fewer than the State of California, whose National debt now tops $1 trillion.

Now if we’re we didn’t have this fiat money silliness, who’s to say that Canada and the United States don’t default on their debts? It’s not like Canada and America are paying for their debts honestly? If you read the article below it clearly states, that Sri Lanka defaults on FOREIGN debt, I don’t know too many foreigners who want to paid in Sri Lankan rupees?

Maybe there’s a demand for Sri Lankan rupees that I don’t know about? But the reason for the default in my opinion is the fact that the Sri Lankan government can’t print Euros or U.S dollars, for Sri Lanka that money has to be earned and if their economy can’t handle the debt it borrowed in foreign currencies it can’t borrow the money from its central bank, because hyperinflation will run rampant, so instead, it defaults, now what does a default mean? It means higher borrowing costs for the Sri Lankan government.

In case you’re wondering these constant defaults by Western governments are why Western governments have found the “money” to pay for their climate alarmism
campaigns. I bring up climate change alarmism because at the heart of this default as you’ll read from the article below are fuel shortages, which is likely the reason the default occurred.

It’s not about the money, it’s about the goods and services money buys, fuel shortages equate to a PRIORITY because, without fuel, the Sri Lankan government can not function correctly. Without fertilizer, there’s no food, now I’m not entirely sure how the Sri Lankan governs, but likely it gets its wheat from Ukraine and Fertilizers from Russia? If you’re a private-sector contributor in Sri Lanka, you’re trying to get energy and fertilizer where it’s cheapest?

Again I don’t know for certain, but I’m still surprised Shri Lanka is the only country defaulting on its foreign debts, I thought this problem would have been more widespread by now.

Crisis-hit Sri Lanka defaults on foreign debt | france24.com

Interesting times ahead!