e-Con e-News 07-13 January 2023

blog: eesrilanka.wordpress.com

‘Before you study the economics, study the economists!’

e-Con e-News 07-13 January 2023

Sri Lanka has been invaded 17 times throughout its known history, mostly from South India, suggests Wasantha Bandara. We can now pay in dollars & rupees for front-row seats to Invasion No. 18 – with our hands chained behind our backs. An Indo-US United War Supply Centre is to be set up in Gokanna (aka Cheena Varaaya aka Trincomalee), to prepare for Sri Lanka’s vassalage as India’s 29^th state, with Tamil Eelam aka Tamilnadu South sliced out as India’s 30^th satrapy. To achieve all this, 6 international agendas are being imposed simultaneously, and include the management of chaos (a seeming oxymoron) to further weaken Sinhala Buddhist culture, and to subdue the economy under a so-called IMF-mudalali’s ‘free market’, i.e., domination by US multinational corporations (MNCs) & banks. (see ee Focus)

*

The SL President’s ‘bombshell’ of joining in the USA’s threat to block the Red Sea, appears as yet another media-spun diversion:

With regard to attempts by Sri Lanka to send ships to the Red Sea, Wickremesinghe said Sri Lanka did not have the capacity to send a ship by itself: ‘The Navy indicated if they were to go, they would like to go with some cover. However, we do not want any Israeli participation in this freedom of navigation operation. We will support whatever measures are taken by the Arab world to mitigate the problems in the Middle East.’ – ee Sovereignty, President tells Arab envoys Lanka wants immediate ceasefire in Gaza

Perhaps this media fog was to divert from Parliament this week, taking advantage of foggy gregorian new-year hangovers, to pass (without the usual media hip-hip hurrahs & saturated repetition) several bills, including a ‘Recognition & Enforcement of International Settlement Agreements Resulting from Mediation Bill’. This Bill will ‘ratify the Singapore Convention on Mediation’, which allows ‘international mediated settlement agreements’ (with MNCs?) to be enforced across national borders, instead of relying on local courts to enforce ‘contracts.’ Will US BlackRock send in private militia Blackwater (now rebranded Academi!) to demand instant dividends for their investments, or else? ee spent much of December 2023 examining the history of the World Bank’s International Centre for Settlement of Investment Disputes (ICSID). This Singapore Convention is apparently an indispensable cat’s paw for ICSID.

*

• The rule of the ‘Panchikavatte Mafia’ due to the privatization of transport here, has been a disaster, notes the Communist Party of Sri Lanka‘s alternate program. As ‘the bourgeoisie depends on imports for its wealth’, the promotion of private vehicles has led to bloody mayhem (5 killed, many more maimed, per day) on the roads. This Panchikavatte Mafia (with their iconic & ironic shop signs: ‘Silencers & Body Parts’) are actually quarterbacked by the USA’s World Bank, and its yipping poodles India & Japan, who with their hand-me-down cars and always-breakdown 3wheelers (not a single part yet made here) strangle our road transport. Alongside the undermining of local energy sources (see the many ees on what happened to DJ ‘Laxapana’ Wimalasurendra, & the Mannar Basin), the sabotage of our 1960s nationalization to challenge the petroleum mafia, has been led by England & the US, whose main corporation Exxon, owned by the Rockefellers, sets primary US foreign policy (in Panchikavatte as in Palestine).

*

• It is no coincidence that the Colombo Stock Exchange (CSE, rigged, according to the President himself) surged bullish last week. Media says this was due to the arrival of Japan’s (warmongering) finance minister Shun’ichi Suzuki, & yet another IMF team. (see ee Finance)

     So, this scammy CSE got excited about Shun’ichi Suzuki’s visit from US-occupied Japan. After all, he is also a governor of the US-controlled IMF, European Bank for Reconstruction & Development (EBRD), and Inter-American Development Bank (IDB). A member of the warmongering Nippon Kaigi, and the Shikōkai faction of Japan’s cutely called Liberal Democratic Party (LDP), Suzuki denies war crimes against other Asian countries (then again, so do their white sponsors), and not just those Chinese & Korean women Japan forced during WWII into prostitution. Other Nippon Kaigi members include prime ministers Fumio Kishida, Tarō Asō, Shinzō Abe, & Yoshihide Suga. So, he’s a fighting man keeping good company.

     The media forgot to include that the CSE excitement was also bolstered by the synchronized visits of another agent of the Rockefellers (who fund the purportedly Sri Lankan Office for National Unity & Reconciliation – ONUR, which suddenly swung to life again), and England’s Vice Admiral Tim Laurence (sans his battleships) & his spouse Anglo-German Princess Anne (who some thought was married to a horse). Hanover Anne sans horse also visited MAS Holdings – which reminds of the profits English corporations squeeze from supplying the many imported inputs, which this garment fraud depends on. The Hun Princess, while visiting English war graves in Jawatte, forgot to visit the remains of earlier English imperialist invaders, who lie decaying and unmarked midst Borella Kanatte’s Anglican burial quarters (they too wish to forget 1818, 1848, etc).

*

‘The International Monetary & Financial Committee, which oversees the IMF, could not agree, by consensus, on the usual end-of-meeting ministerial communiqué for ‘geopolitical’ reasons. The Development Committee, which governs the World Bank Group, fared little better’. – see ee Focus

The US has imposed an ‘independent’ new Central Bank Act in Sri Lanka, supposedly to control ‘irresponsible’ money printing, but actually to ensure that our money is diverted into what they prioritize & to protect private money.

     Here then is why the English Ceylon Tobacco Company (CTC)’s MP Harsha de Silva rather hysterically responded to the JVP’s assertion that the (ISB) international sovereign bondholders know the risks of investing in debt, and proudly take such risks (they’re supposed to be capitalists after all) and have in fact already been paid over and over again. This is not just a JVP position. Anybody who can count, knows there is no way we can escape this debt bondage without telling them to go to hell & ensuring we invest in modern industrialization.

     It turns out CTC Harsha de Silva’s masters at the World Bank want public funds to be used to ‘de-risk’ or otherwise subsidize commercial finance, ostensibly to serve public policy priorities. This ee Focus – ‘World Bank Enables Private Capture of Profits, Public Resources’ – looks at how the recent Bretton Woods institutions’ annual meetings in Morocco in October 2023 (with Sri Lanka civil society yipping ‘Yeah, Yeah, Yeah’), ‘set the developing world even further back’, by failing to reform the USA’s control over these supranational bodies, as well as by providing no means to relieve the many severely ‘debt-distressed’ countries, not just Sri Lanka.

*

• A (Rockefeller-funded) ‘alternative’ Sinhala weekly tabloid once reported: a leading MP, who they disparaged as a ‘nationalist’, was a front for imports from 89 corporations based in (US-occupied) Korea. (An exception perhaps – that tradition of investigative journalism seems to have gone sotto-sotto). Of course, our colonized media can never admit how they too are a front for foreign MNCs, with Unilever & Rockefeller’s Exxon leading the growling pack. And it’s not just media, their economists, too. We can’t be that surprised therefore that 2 ‘top’ economists & columnists, ex-Central Bank deputy WA Wijewardena & University of Colombo Prof S Abeyratne both inserted into articles – one on Oman, the other on chocolate – an ad for Unilever’s demand that Sri Lanka become a ‘tea hub’. According to late Merrill ‘Dilmah’ Fernando’s autobiography, serialized in The Island, the demand for a tea hub is the bullying attempt by the Unilever multinational to subvert the Ceylon tea brand by mixing it with lesser-quality teas from elsewhere.

*

Contents:

Sri Lanka as Indian State No. 29, Tamil Eelam as No. 30