Saturday, June 25, 2022

Sri Lanka Is Screwed

 

Lawrence Person's BattleSwarm Blog: Sri Lanka Is Screwed 

Remember how Sri Lanka managed to wreck agricultural yield by forcing the country to use organic fertilizer? “Not only had Sri Lanka’s ban on fertilizers, pesticides, weedicides, and fungicides resulted in massive food shortages, it also led to the doubling in price of rice, vegetables, and other market staples.” 

Turns out that was just the tip of the iceberg

Sri Lanka’s prime minister is increasing efforts to revive the country’s “completely collapsed” economy amid a lack of foreign exchange reserves and severe shortages of essential items.  

“We are now facing a far more serious situation beyond the mere shortages of fuel, gas, electricity, and food. Our economy has faced a complete collapse,” Prime Minister Ranil Wickremesinghe told parliament on June 22. 

“It is no easy task to revive a country with a completely collapsed economy, especially one that is dangerously low on foreign reserves,” he said. This video goes into more depth of just how badly Sri Lanka is screwed.  

Read more ....  

WNU Editor: Sri Lanka is not the only country that is going to be facing unrest because of massive food shortages .... UN Secretary General Warns Worsening Food Shortages Could Lead To A Global "Catastrophe.

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