e-Con e-News

Posted byee ink.April 18, 2026Posted inUncategorizedTags:China, India, Indian Ocean, Iran, Pakistan, politics

blog: https://eesrilanka.wordpress.com

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

e-Con e-News 12-18 April 2026

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A man dressed like Jesus Christ caused panic in Negombo…

‘People should act intelligently and should not get deceived by

impostors,’ [pleaded the Catholic Church] on the report of a certain

foreigner who was going around in Negombo dressed like Jesus

Christ. This man caused havoc by going into churches in Negombo.

He had gone to the Katuwapitiya Church during the service & had

caused panic. A villager said the people rushed towards him when

he appeared & had worshipped him. He had then gone to the Grand

Street Church. The priests at Grand St Church had then called the

police. The police had apparently deported him from Sri Lanka.”

– see ee Media, SL Catholics should not get deceived by impostors

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Tourists & leaders & officials from the most expensive countries in the world, are cosplaying as whitened saviours. They may not be the heretics, the much-revered economist GVS de Silva was referring to, in his 1973 classic, Some Heretical Thoughts on Economic Development (SHTED), which ee Focus begins to reproduce this week. GVS stated that truer heresies are needed when the dominant ‘orthodox’ economic theories and their much-celebrated exponents fail to understand and solve the country’s problems.

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‘& as our member countries navigate this moment of uncertainty,

we are helping them think ahead so they can handle

any form of turbulence. We love our membership.’

– IMF Managing Director Kristalina Georgieva (see ee Quotes)

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‘The US Department of the Treasury is 0.5 miles from

the IMF & the World Bank headquarters, all near the

White House. The US Pentagon is 5 miles from the

World Bank & IMF, & 3-4 miles away from the

US Treasury building in Washington, DC.’

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GVS de Silva was writing in 1973, just after a mainly agricultural Vietnam was left in horrific devastation yet united as never before, after defeating a massive US military invasion of their country, having before that, fought off Japan & France, all industrialized economies – all at great cost. GVS, recording their heroic struggle, recalled the need for heresies, at a moment in 1973 when Sri Lanka’s still import-dependent economy, 25 years after ‘independence’, was still to recover. Lanka had only just become a ‘republic’ (after the JVP’s 1^st insurrection), and was about to receive another shock from West Asia’s OPEC (Organization of Petroleum Exporting Countries), increasing oil prices by 400%, after the USA’s Yom Kippur War.

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‘& yet, during the quarter century since Independence,

we have been going round in circles, & today we are

confronted with every conceivable problem that

an underdeveloped country could possibly face.’

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Architect of the monumental Paddy Lands Act (sabotaged by a judge in London, which still had jurisdiction over SL in 1958, 10 years after ‘independence’), GVS de Silva recalled ‘the English, when they left, handed over to us a totally dependent economy’ (see ee Focus). Yet, instead of healing the country, bringing urban & rural together, our misleaders kept trying ‘exceedingly hard to make the English language, culture & traditions our own’ – anxious ‘to keep up with the International Joneses’, worshipping at their smelly toes. We keep yearning to transform Colombo into a ghetto-ridden New York, or a concrete Singapore. He called for us to first regain our sanity & then our freedom (PS: the English Joneses, as far as we know, are mostly colonized Welshman, still showing off their pale thigh muscles and bumping their brains together, not to liberate themselves from English rules, but to play rugby – ee).

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‘International firm to conduct forensic audit

into NDB internal fraud’ – CBSL: Ada Derana

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‘Forensic audit with foreign experts of NDB fraud

soon, Central Bank says’ –Sunday Times Online

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‘Sri Lanka’s NDB, central bank to engage

global firm for forensic audit’ – EconomyNext

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Arrest the Bankers Before They Flee –

‘Failure of Statutory Audits: The fact that this fraud

remained undetected for years by both internal &

external audits points to more than a mere system glitch.

Under Section 148 of the Companies Act No 7 of 2007, the

maintenance of accurate accounting records is a mandatory

statutory duty. The deliberate bypassing or disabling of these

controls constitutes a pre-planned financial crime.’

– see ee Finance, The Rs13.2bn NDB Scandal:

a Systemic Heist or a Lone Wolf Act?

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So, the board of directors & auditors of the National Development Bank (NDB), most of whom represent foreign multinationals, still feel the need to engage foreigners to tell us what is going on with these banks who have been announcing massive profits, while refusing to invest in modern industry.

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‘What is the robbing of a bank compared

to the founding of a bank?’

– Threepenny Opera, Bertolt Brecht

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• ee Focus begins to reproduce GVS de Silva’s SHTED this week, starting with its Preface, because these times do resemble 1973, in many other ways. In 1973, the peasants of China’s Great Proletarian Cultural Revolution were, without hurling their nation into unpayable debt bondage to the IMF & Wall Street, etc, building their modern ‘heavy’ industrial base. And now in 2026, China is reinforcing its policy of rural revitalization:

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‘A country can import technologies. It can subsidise adoption.

It can even produce impressive targets on paper. But it is

something else entirely to create a living industrial ecology

capable of reproducing & improving those technologies at scale…

The future is today… & China is building the future in plain sight’, insists Warwick Powell (see ee Focus): ‘China has not waited for a perfect future to arrive. It has been assembling it, piece by piece, inside the present’. Countries such as Sri Lanka are welcome to critically learn from the ‘practical clues’ offered by China. ‘Development is not the privilege of a few core economies but can become more widely shared.’ Indeed, while our still-colonial media & their merchant owners keep giving themselves awards, about this invention & that entrepreneur, China is dramatically showing that it is more a matter, as Marx taught, to create a system to invent inventors, to manufacture manufacturers, to machine machines! And the key to the future, as Lenin taught (& Laxapana DJ Wimalasurendra dared to attempt, yet was sabotaged a century ago) is electrification, which with Soviet power, adds up to communism (oooh, that dreaded word that still haunts the world). Powell describes China’s ‘patient construction of a new energetic basis for economic life’, and the need to ‘reduce dependence on volatile hydrocarbon chokepoints’. This certainly explains why the USA (& their killer pit bulls & poodles) are all in an almighty hurry to smash any attempts to do so. China is a threat indeed. A threat to the old yet dominant unequal order. It is the threat of a good example! 

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• The secret, yet not-so-secret meeting of the 99.99%-exclusively white Bilderberg Group (who claims to be a ‘Shadow World Government’) took place, minus mass-media coverage, at the USA’s Salamander Washington DC hotel, from April 9-12 (see ee Random Notes). Those Bilderberg members who have visited Sri Lanka in the recent past, include US Admiral Samuel Paparo, Commander, US Indo-Pacific Command, who is in charge of realizing US plans for war on China. He visited Lanka last March (see ee 22 March 2025) and was welcomed by US envoy Ju Chung to ‘Reaffirm our bilateral defense partnership with Sri Lanka’. Paparo was more recently fronted by US Pacific Fleet Commander Admiral Stephen Koehler who visited Sri Lanka from 19-21 February, just before the US ambush outside Galle of the Iranian ship Dena

     Another Bilderberg attendee was the lost-AfroGuyanese David Lammy, appointed England’s Lord Chancellor, Secretary of State for Justice & Deputy PM. Lammy visited SL in February this year (see ee 21 Feb 2026). It was Lammy, who as Secretary of State for Foreign, Commonwealth & Development Affairs who, in March 2025, imposed sanctions on former Chief of Staff of the Armed Forces Shavendra Silva, former Commander of the Navy Wasantha Karannagoda, former Commander of the Army Jagath Jayasuriya, as well as Vinayagamoorthy Muralitharan, aka Karuna Amman. Lammy’s purported February visit was to sign an agreement on the Charter for the Global Campaign on Children’s Care. Lammy has pointedly ignored the LTTE’s use of children as cannon fodder. Lammy met President Dissanayake with English High Commissioner Andrew Patrick, Principal Private Secretary Ben Archibald, Head of the Deputy PM’s International Unit David Meyer, Special Adviser Fiona Meagher and Deputy Head of Mission Theresa O’Mahony. It was Lammy who had to announce that England was ‘giving up’ sovereignty of the Chagos Islands to Mauritius, in a deal that would allow people displaced decades ago to return home while England retains use of the English-US military base on Diego Garcia – the largest island in the Chagos archipelago, in the middle of the Indian Ocean. Lammy baldly claimed (he’s also bald) this deal was to prevent the Indian Ocean from being used as ‘a dangerous illegal migration route’. Imagine that! The new ‘agreement secured’ the rights of England to operate a military base at Diego Garcia for at least the next 99 years. England’s Foreign Office said, ‘the status of the base will be undisputed and legally secure following a political agreement between the 2 countries’.

     Another Bilderberger, Poland’s Minister of Foreign Affairs Radoslaw Sikorski, attended with his US wife Anne Applebaum: a Staff Writer with the US lip-service The Atlantic. Sikorski visited Sri Lanka last May (see ee 31 May 2025). He met President AK Dissanayake, accompanied by yappy EU Ambassador Carmen Moreno. ee then noted that he was an apparent expert on, and sympathizer of, terrorist acts, if not a planner of terrorism himself. The visit was purportedly due to Poland’s Presidency of the Council of the European Union. After ‘some mysterious someone’ blew up on 26 Sept 2022 the NordStream pipelines supplying Russian gas to Germany, this funny Pole Sikorski infamously tweeted with an aerial photo of gas billowing to the Baltic Sea surface with a simple ‘Thank you, USA.’ Hours later he followed up with a tweet that Ukraine & the Baltic states had opposed NordStream’s construction for 20 years.

     Other Bilderbergers, who have not visited Sri Lanka, publicly at least, but are linked to SL, include Dutchman Rolly van Rappard, Co-founder & Chair of the US Citibank agency CVC Capital Partners. CVC bought Ekaterra, the former tea division of Unilever, after the MNC’s supposed withdrawal from tea plantation management in Kenya, etc, while James Finlay’s plantations were sold to the almost-equally notorious Sri Lanka finance house LOLC. Another Bilderberger attendee was France’s Valérie Baudson, CEO of Amundi Asset Management. Amundi is part of a ‘Steering Committee’ of a so-called ‘Ad-hoc Group of Bondholders’ who own about 40% of $12.55bn of defaulted bonds, while a ‘Local Consortium of Sri Lanka (LCSL)’, with 11 members including banks, have around 12%. The Steering Committee is made of funds managed or advised by Amundi Asset Management, Barings, BlackRock & its subsidiaries (see ee 30 Nov 2024).

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‘The ever-scheming European imperialists wisely placed

Israel where she could geographically divide the Arab world

…& also divide the Africans against the Asians.’

– ee Sovereignty, Zionist Logic, Malcolm X, 1964

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‘In the west, nothing is true, everything is plausible’

– US Diplomat, Charles Freeman, CGTN, 17 April

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‘Everything is permitted, nothing is possible’

– Michel Clouscard, On ‘Liberal’ Capitalism

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     There were many real-world movers and shakers missing from that Bilderberg fete: like Kyle Haustveit, US Undersecretary for Hydrocarbons & Geothermal Energy, who recently grabbed Venezuela’s oil for Rockefeller’s Exxon-Chevron, and then released that country from banking sanctions (see ee Sovereignty, Venezuela, Chevron Signs Key Deal to Boost Energy Sector). But what is really curious is how the media plays the anti-Jew game blaming Israel for the US invasions, when in fact it is the US, EU & England that fund & feed the white settler state of Israel. True, the American Israeli Public Affairs Committee (AIPAC), which lobbies US politicians, also funds the ‘Congressional Black Caucus (CBC), Hispanic Caucus, Asian Pacific Caucus, the Republican & Democratic Parties (see ee Who’s Who). But what about the USA’s Oil, Mining, Weapons, Pharma multinationals, etc., who profit massively from these wars? They fund Israel, and AIPAC just returns some of it as bribes to the USA. England & Europe and other white colonies are acting coy about their involvement in US wars. Meanwhile, ‘German men must ask army for permission to leave the country for over 3 months under new rules.’ They are all preparing for war, and want recruits… Sustainable means sustaining if not accelerating imperialism! Worldly shadows indeed!

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‘Trump’s flurry of positive claims lifted the stock market while

oil prices slumped. That may well have been its sole purpose:

‘Breaking: Just 20 minutes before Trump’s announcement that

the Strait of Hormuz was open, massive trades hit the market.

Investors sold a combined 7,990 lots of Brent crude futures, ​a

$760mn bet that oil would go down. These orders were

much larger than anything else at the time. The traders made

huge gains.’ Soon after Trump’s victory jump Iranian officials

stepped in to counter his claims.’ – see ee Sovereignty,

Trump Claims Victory, Lays Grounds to Resume Fighting

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Two Indian-flagged vessels attempting to sneak through the Strait of Hormuz northeast of Oman were fired at by the Iranian navy on Saturday – Indian media reports citing unnamed ‘sources’, claim no one was injured, yet they are not clear if the ships were damaged (see ee Sovereignty, NDTV). The 2 ships were forced to turn back. New Delhi has conveyed ‘India’s deep concern’ to the Iranian ambassador. Observers claim India’s foreign ministry may be ruing their government’s decision to declare their ‘eternal’ support to Zionist Israel, immediately before the USA attacked Iran. Both the Indian & Sri Lankan governments have also been accused of colluding with the USA to ambush the Iranian navy training ship IRIS Dena. India had invited the Dena to participate in friendly exercises. Sri Lanka’s National Joint Committee (NJC) has called on the government to seek compensation for both the terrible human costs and environmental damage caused by the US ambush of the unarmed Dena just outside Sri Lanka’s territorial waters and within its Exclusive Economic Zone, on 4 March (see ee Random Notes).

     India denies reports that the USA used the ceasefire negotiations to reload guided missile destroyers in India, and return to their theater of war. Once India joins the white war on West Asia, they will try to pull Sri Lanka in too. The US -India Logistics Exchange Memorandum of Agreement (LEMOA) is one of the 3 major foundational agreements which facilitates the exchange of logistics between military forces of the 2 nations, permitting the military forces of each country to resupply and replenish, and stage operations out of the other’s military air bases, land facilities, and ports. Sri Lanka too has signed agreements on such ‘logistics’. It is unlikely Sri Lanka or India will be allowed to use US facilities to launch wars in the Atlantic or Pacific, so these agreements suggest the USA is about to drag us into their maneuvers in the ocean call Indian (for now; what we call the Golu Muhudha, and others called the Erythraean – Red – Sea).

     After creating a hornets’ nest midst their annihilation in West Asia, ensuring it will take years to rebuild, the USA is slowly retreating, not into its ‘Western Hemisphere’ which it claims as exclusively its own, but further towards Sri Lanka. We cannot allow them to postpone our independence for another century.

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‘The proprietors had a scant regard for truth & justice;

a compulsion to pay labourers for work done

seemed to them a strange injunction.’

The man who would be anointed the ‘Father of Ceylon Planters’, Robert Boyd Tytler, entered Ceylon from Jamaica in 1840 carrying a copy of the white French ‘refugee’ PJ Laborie‘s classic Coffee Planter of Santo Domingo (1798). Laborie, had fled the first successful revolution by enslaved Africans in Haiti, begun in 1791. His book recommended: ‘Punishments must be certain, immediately inflicted, proportionable to the fault, and never excessive. Racks, tortures, mayhems, mutilations, & death are reserved for crimes of an atrocious nature, and fall only within the province of the public magistrate: through perhaps more speedy executions, and particularly on the spot, would have more striking effect.’ Laborie’s book was immediately excerpted in Ceylon Miscellany Vol 1 (1842, which included ‘The wild elephant & the method of capturing & taming it in Ceylon’) and became ‘the authority on all that relates to Coffee planting’. Thus the English transferred their expertise from the enslaved plantations of the Americas, introducing ‘The West Indian System’.

     This ee indeed offers a brief history of the laws governing waged workers in Sri Lanka, continuing reproduction of SBD de Silva’s classic The Political Economy of Underdevelopment. In this Chapter 9, de Silva continues to detail how those workers hired were consistently not paid, even whipped for demanding payment. He demolished sociologists’ theories about ‘ethnicity’ & ‘indifference to money’ in trying to explain the Sinhala aversion to working of the estates, and the English resort to entrapping workers from India. The Sinhala soon preferred working on contract & piecework. He pointed out that the official English reports are easier to understand than academic prevarications.

     The robbery of land & mistreatment of workers led even the colonial governor & ‘butcher of 1848’ Torrington to write to the colonial secretary Lord Grey: ‘Our plantation estates are a source of deadly hatred to the hill country people (Kandyans).’ In this ee, SBD detailed how the English feared the planters’ delays & non-payment of wages would jeopardize labour recruitment to the plantations, as ‘Ceylon had got a bad name and migration had fallen’ due to  indebtedness and delays in wage payments. Such practices led to the Cooly Wages Ordinance of 1884, and a Commission of Inquiry in 1908. These recommended a ‘statutory payday so as to reduce the labourer’s recourse to credit’ on the basis of planter’s promise to pay. The robbery of wages were noted by colonial agents and police and courts, who were also fooled, or let themselves to be fooled, with workers lacking legal advice and the laws themselves full of loopholes, lacking ‘teeth’ (see ee Focus).

     We should add that, when Tytler arrived in 1840 there was a ‘fevered cry’ about ‘where shall I go for land’, which led to more robbery of land from the Sinhala, with the collusion of English officials: ‘Land became a commodity to be bought and sold’, and a flourishing land market was set up. The Crown Lands Ordinance Act (plus the 1897 Waste Lands Ordinance No 1) demanded people to produce land title, thus 1,000s lost their lands to judges and other officials. Access to forests and common land was also restricted, called ‘crown’ land. The Sinhala peasants were hemmed in and pauperized. Peasants started to sell chena land to speculators. 1930: 2.5 million acres of land had been robbed. Deforestation for plantations turned waterfalls into trickles, rivers became narrower, rain decreased, landslides increased… which reminds: Unilever, or CVC Capital, etc, should pay compensation for the erosions that enabled cyclone Ditwah’s destructions…

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Contents:

USA Escalates War in the Indian Ocean Seeking to Ensnare Sri Lanka