{"id":144972,"date":"2024-10-15T17:05:26","date_gmt":"2024-10-16T00:05:26","guid":{"rendered":"https:\/\/www.lankaweb.com\/news\/items\/?p=144972"},"modified":"2024-10-15T17:05:26","modified_gmt":"2024-10-16T00:05:26","slug":"sri-lanka-is-not-bankrupt-countries-dont-go-bankrupt","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2024\/10\/15\/sri-lanka-is-not-bankrupt-countries-dont-go-bankrupt\/","title":{"rendered":"Sri Lanka Is Not Bankrupt! – Countries Don’t Go Bankrupt"},"content":{"rendered":"

Prof. Hudson McLean<\/em><\/span><\/h2>\n\n\n

Countries Don’t Go Bankrupt<\/strong><\/p>\n\n\n\n

Countries Do Not & Cannot Go Bankrupt!<\/strong><\/p>\n\n\n\n

Sri Lanka Is Not Bankrupt!<\/strong><\/p>\n\n\n\n

“Countries don’t go out of business….The infrastructure doesn’t go away, the productivity of the people doesn’t go away, the natural resources don\u2019t go away. <\/strong><\/p>\n\n\n\n

And so their assets always exceed their liabilities, which is the technical reason for bankruptcy. And that’s very different from a company.”<\/strong><\/p>\n\n\n\n

Walter Wriston<\/p>\n\n\n\n

Citicorp Chairman<\/p>\n\n\n\n

“The time bomb was the debt burden and grotesquely high interest rates being carried by the Third World to the profit of the Western banks.”<\/strong><\/p>\n\n\n\n

Les Gibbard<\/p>\n\n\n\n

List of Countries by External Debt<\/strong><\/p>\n\n\n\n

https:\/\/en.wikipedia.org\/wiki\/List_of_countries_by_external_debt<\/a><\/p>\n\n\n\n

10 Great Countries without Public Debt<\/strong><\/p>\n\n\n\n

    \n
  1. Switzerland<\/a><\/li>\n\n\n\n
  2. Sweden<\/a><\/li>\n\n\n\n
  3. Norway<\/a><\/li>\n\n\n\n
  4. Denmark<\/a><\/li>\n\n\n\n
  5. Czech Republic<\/a><\/li>\n\n\n\n
  6. Estonia<\/a><\/li>\n\n\n\n
  7. Singapore<\/a><\/li>\n\n\n\n
  8. Taiwan<\/a><\/li>\n\n\n\n
  9. South Korea<\/a><\/li>\n\n\n\n
  10. Russia<\/a><\/li>\n<\/ol>\n\n\n\n

    https:\/\/www.clearfinances.net\/countries-without-public-debt\/<\/a><\/p>\n\n\n\n

    Next Episode;  Has Sri Lanka Gone Communist?<\/strong><\/p>\n\n\n\n

    \u2014\u2014-  ENDS?  \u2014\u2014- Not Yet!<\/strong><\/p>\n\n\n\n

    Express Your Opinion – Read What Others Say!
    The Independent Interactive Voice of Sri Lanka on the Internet.

    Please visit -:     http:\/\/www.lankaweb.com\/<\/a><\/u><\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

    Prof. Hudson McLean Countries Don’t Go Bankrupt Countries Do Not & Cannot Go Bankrupt! Sri Lanka Is Not Bankrupt! “Countries don’t go out of business….The infrastructure doesn’t go away, the productivity of the people doesn’t go away, the natural resources don\u2019t go away.  And so their assets always exceed their liabilities, which is the technical […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"class_list":["post-144972","post","type-post","status-publish","format-standard","hentry","category-hudson-mclean"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/144972","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=144972"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/144972\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=144972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=144972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=144972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}