Sri Lanka crash , coming to a country near you soon

[DUM1]

https://www.aljazeera.com/economy/2022/5/26/sri-lanka-pm-trying-to-fast-track-imf-talks

begging for help from anyone


so they just keep printing money that isn't worth the paper its printed on , sound familiar

[mkd]

Every fiat currency in history has failed. Gold is the only true money.

Money printing works until it doesn't. USA is just lucky being the world reserve standard. ..for now.

 Chinese citizens are not really allowed to invest in anything other than real estate. They also have a superstition about moving into an already used and furnished apartment feng shui and all. So that's where you get all the ghost cities with partially finished apartment buildings. 70% of China supposed wealth is in real estate. In the real estate market is going into the shitter in China

[gcode]

Sri Lanka's collapse was caused by a government mandate requiring 100% organic farming 3 years ago

It took them from self sufficiency to total economic collapse and starvation.

The country has devolved into total anarchy with mobs sacking cities and the military
operating on shoot on sight orders. 

[mkd]

Had no idea👆

[DUM1]

poor finance management GDP & taxes way less than government spending
printing worthless money
and as G noted , no non organic fertilizers allowed made crops almost non existent. 
causing more export/GDP money loses
its really scary how many other countries are on the edge
all the suffering is done by the poorest , sad days indeed .