Archive for May 22, 2022

Look Like Sri Lanka

Posted in uncategorized with tags on May 22, 2022 by andelino

Sri Lanka is broken. Thousands queue daily outside petrol pumps for their ration of four gallons of fuel. Armed police, by law, guard each pump, stopping fights. Lined up for eight hours in the heat of the day leads to frayed tempers. Some have even died while queuing.

Fuel prices have doubled. Vegetables are now five times more expensive than last year. Rice is up 30 percent. People have a choice: Shop at a private supermarket, or spend all day in the queue at a government-run shop, where prices are three to four times lower.

At the other end, farmers can’t sell their food—they can’t get the fuel to transport them to the market.

Read more at “Could America Soon Look Like Sri Lanka”

Russia becomes an Asian nation

Posted in uncategorized with tags , on May 22, 2022 by andelino

Sanctions may be empowering Russia to create the pathways for financial and economic independence from the West.

Russia, according to a recent caustic headline in Bloomberg, is facing “reverse industrialization” due to the US-led sanctions regime that has been imposed upon Russia for its illegal invasion of its neighbor, Ukraine.

Certainly, the American sanctions have done much harm in the near term to Russia’s economy (and, therefore, its political stability at home and its long-term ability to conduct wide-ranging military operations). 

Read more at “Russia becomes an Asian nation”

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