Lebanon, Sri Lanka, Russia, Suriname and Zambia are already in default, Belarus is on the brink and at least another dozen are in the danger zone as rising borrowing costs, inflation and debt all stoke fears of economic collapse.

by BoatSurfer600 Source: https://www.reuters.com/markets/europe/big-default-dozen-countries-danger-zone-2022-07-15/ https://t.co/D429PYi7QV — Win Smart, CFA (@WinfieldSmart) July 16, 2022 Historic cascade of defaults coming for Emerging Markets. Sri Lanka, where protesters stormed presidential palace, was 1st nation to stop paying its bondholders. Russia followed in Jun. El …

READ MORE

Sri Lanka’s embattled president FLEES his country after months of widespread protests over the island nation’s worst-ever economic crisis

by Boo_Randy Will Jerome Powell, Yellen the Felon, and Brandon flee the USA like rats once they’ve run the country into the ground? https://www.dailymail.co.uk/news/article-11007569/Sri-Lankas-embattled-president-FLEES-country-months-widespread-protests.html Sri Lanka’s embattled president flew out of his country early Wednesday, in a probable prelude to …

READ MORE

The moment it all went wrong for Sri Lanka

by Boo_Randy Thanks to our corrupt elites & criminal central bankers, soon we will all be Sri Lanka. https://www.news.com.au/world/asia/the-moment-it-all-went-wrong-for-sri-lanka/news-story/d81f11c688dce69c8edb5e06754838f8 Four years ago, a single decision was made that would lead the island nation of Sri Lanka towards collapse. It may …

READ MORE

Sri Lanka admits bankruptcy

“Sri Lanka is bankrupt and the acute pain of its unprecedented economic crisis will linger until at least the end of next year, Prime Minister Ranil Wickremesinghe told parliament Tuesday. The island nation’s 22 million people have endured months of …

READ MORE

Sri Lanka PM says economy ‘has collapsed,’ unable to buy oil

https://abcnews.go.com/International/wireStory/sri-lanka-pm-economy-collapsed-unable-buy-oil-85551129 Sri Lanka’s debt-laden economy has “collapsed” after months of shortages of food, fuel and electricity, its prime minister told lawmakers Wednesday, in comments underscoring the country’s dire situation as it seeks help from international lenders. Prime Minister Ranil Wickremesinghe …

READ MORE

Sri Lanka Inflation Jumps Close to 40% as Shortages Persist

by Boo_Randy Thanks to our corrupt elites & criminal central bankers, soon we will all be Sri Lanka. https://www.bloomberg.com/news/articles/2022-05-31/sri-lanka-s-inflation-surges-to-record-39-1-in-may?srnd=premium-asia&sref=ibr3A0ff Sri Lanka’s headline inflation quickened more than expected in May amid continuing food and fuel shortages, even as the country struggles …

READ MORE