Today the world is watching with concern what is happening in Sri Lanka, a small teardrop-shaped island in southern India. As many could observe, a huge mob broke into the house of the President of the country, the Prime Minister and even the headquarters of the country's Central Bank, causing the resignation of the head of state and the entire central power.
Let's see, how long do you think a person can endure so much mistreatment, economic ineptitude and incapable rulers at the service of the IMF? Well, the level of desperation shown yesterday is the result of exposing the people to the "recommendations" of this perverse international financial entity that produces poverty.
Like all the countries of this polluted planet, Sri Lanka has an uncontrollable debt, so they requested the services of the IMF to obtain extra funds and be able to "live a few more days* until a new refinancing of the debt. The international body demanded Sri Lanka to reduce its fiscal spending by using "ecological" methods of agricultural production, so they will not be so dependent on expensive chemical fertilizers.
The government then implemented a plan to plant with organic fertilizers, which are very environmentally friendly but not very productive. The few resources of the country were bet on this form of planting considering that the major export product of this country is the tea leaf and that the people generally consume the fruits of their own crops.
The result of this experiment is a total and absolute failure, organic planting never gave the same results as with chemical fertilizers, so the ruin of the country became evident since its government does not count on the income from tea exports or tourism. In view of this situation they announced to the world (and their debtors) that the country is bankrupt, there is no foreign currency in the State's accounts.
Not having foreign currency means not being able to buy food for the population, nor do they have the capacity to acquire gas and oil to move cargo ships and land transportation, generate electricity and start up the country's fragile industry, in other words, we are witnessing what they would say "a perfect storm".
But the situation in Sri Lanka is just the tip of the iceberg, the vast majority of countries in the world are in the same situation as the small island south of India, impossible to pay debts, fertilizer crisis, empty ports, exports that do not generate large revenues, inflation in addition to expensive energy and hoarding by rich countries (Germany, China and much of Europe).
The crisis of the debt model, sorry, I meant Fiat, has a profound impact on the weakest in the world, but it is deeply cruel and criminal in the Third World, where 90% of the world's poor live. In the coming days we will see situations similar to the one in Sri Lanka replicate themselves in Latin America and Africa before reaching the "developed" world, there is no turning back, whoever is best prepared to withstand this perfect storm will be saved.
