Sri Lanka declares bankruptcy

[Kickstart]

Here in T&T we have a Carnival

Add PNM fete to that

[SuperiorMan]

Props to the Sri Lankans. Bold and brave unlike others.

[Duane 3NE 2NR]

I don't think people realise how bad it is in Sri Lanka.
We in T&T are far from the state declaring bankruptcy
In Sri Lanka there is no money to purchase fuel - govt offices have been shut as well as schools, public transport, trains etc
People have had to stand in long lines for days and nights for fuel and cooking gas. At least 16 people have died across the island while standing in queues.

Unable to get or afford cooking gas, numerous families even in urban areas have turned to firewood to cook. Electric cookers can be used only if there is electricity. Power outages are frequent and last for hours, again due to absence of adequate fuel.

There is also no food.

“We have a scary situation, and we may face a famine-like situation in two to three months,”

https://thediplomat.com/2022/07/amid-sh ... to-a-halt/

[pugboy]

i wonder how it compares to haiti

[Dizzy28]

A Cricinfo writer has written a nice piece on Sri Lanka's crisis for the BBC. Speaks of the lack of even beans/peas means rice and coconut sambal Is the diet of alot.of people.

Andrew Fidel Fernando - https://www.bbc.com/news/world-asia-62077109

[hover11]

I don't think people realise how bad it is in Sri Lanka.
We in T&T are far from the state declaring bankruptcy
In Sri Lanka there is no money to purchase fuel - govt offices have been shut as well as schools, public transport, trains etc
People have had to stand in long lines for days and nights for fuel and cooking gas. At least 16 people have died across the island while standing in queues.

Unable to get or afford cooking gas, numerous families even in urban areas have turned to firewood to cook. Electric cookers can be used only if there is electricity. Power outages are frequent and last for hours, again due to absence of adequate fuel.

There is also no food.

“We have a scary situation, and we may face a famine-like situation in two to three months,”

https://thediplomat.com/2022/07/amid-sh ... to-a-halt/

Duane,

I wouldnt say far off, how many loans do we currently hold. All debts must be repaid and when your neighbor house on fire is to wet your own. Remember we are facing deficit after deficit budget with no silver lining in sight, more importantly citizens are disgruntled as standard of living is being eroded almost every month.However, the government hands tied they can't increase salaries the same rate inflation is occurring. You are right we are not there yet but the question is do we wait until things get that bad to act? Why? Are the powers that be doing what we placed them there do or are they simply living off the fat and comfortable in their gated communities securing their own interests?

[maj. tom]

Sri Lanka reach the stage where they need to do a France 1792 and then reorganize themselves with a new elections, constitution and currency.

I see videos of the police firing live rounds into crowds. Who gave those orders also need to hang.

[wing]

I don't think people realise how bad it is in Sri Lanka.
We in T&T are far from the state declaring bankruptcy
In Sri Lanka there is no money to purchase fuel - govt offices have been shut as well as schools, public transport, trains etc
People have had to stand in long lines for days and nights for fuel and cooking gas. At least 16 people have died across the island while standing in queues.

Unable to get or afford cooking gas, numerous families even in urban areas have turned to firewood to cook. Electric cookers can be used only if there is electricity. Power outages are frequent and last for hours, again due to absence of adequate fuel.

There is also no food.

“We have a scary situation, and we may face a famine-like situation in two to three months,”

https://thediplomat.com/2022/07/amid-sh ... to-a-halt/

Duane,

I wouldnt say far off, how many loans do we currently hold. All debts must be repaid and when your neighbor house on fire is to wet your own. Remember we are facing deficit after deficit budget with no silver lining in sight, more importantly citizens are disgruntled as standard of living is being eroded almost every month.However, the government hands tied they can't increase salaries the same rate inflation is occurring. You are right we are not there yet but the question is do we wait until things get that bad to act? Why? Are the powers that be doing what we placed them there do or are they simply living off the fat and comfortable in their gated communities securing their own interests?

Will public servants hold off on salary increase demands so that backpay money can be used to pay debts?

[Duane 3NE 2NR]

I don't think people realise how bad it is in Sri Lanka.
We in T&T are far from the state declaring bankruptcy
In Sri Lanka there is no money to purchase fuel - govt offices have been shut as well as schools, public transport, trains etc
People have had to stand in long lines for days and nights for fuel and cooking gas. At least 16 people have died across the island while standing in queues.

Unable to get or afford cooking gas, numerous families even in urban areas have turned to firewood to cook. Electric cookers can be used only if there is electricity. Power outages are frequent and last for hours, again due to absence of adequate fuel.

There is also no food.

“We have a scary situation, and we may face a famine-like situation in two to three months,”

https://thediplomat.com/2022/07/amid-sh ... to-a-halt/

Duane,

I wouldnt say far off, how many loans do we currently hold. All debts must be repaid and when your neighbor house on fire is to wet your own. Remember we are facing deficit after deficit budget with no silver lining in sight, more importantly citizens are disgruntled as standard of living is being eroded almost every month.However, the government hands tied they can't increase salaries the same rate inflation is occurring. You are right we are not there yet but the question is do we wait until things get that bad to act? Why? Are the powers that be doing what we placed them there do or are they simply living off the fat and comfortable in their gated communities securing their own interests?

The United States has the largest external debt in the world; as of 2022, its debt-to-GDP ratio was ranked 40th out of 207 countries and territories
https://en.wikipedia.org/wiki/List_of_c ... ernal_debt
you can sort the columns using the arrows

[hover11]

Imagine our government threw away 1 billion dollars over a contract clause and willing to waste millions on a 20 year old court case and not a dog bark LOL. That is a different kinda obeah,if it was anywhere else them hadda go

[hover11]

I don't think people realise how bad it is in Sri Lanka.
We in T&T are far from the state declaring bankruptcy
In Sri Lanka there is no money to purchase fuel - govt offices have been shut as well as schools, public transport, trains etc
People have had to stand in long lines for days and nights for fuel and cooking gas. At least 16 people have died across the island while standing in queues.

Unable to get or afford cooking gas, numerous families even in urban areas have turned to firewood to cook. Electric cookers can be used only if there is electricity. Power outages are frequent and last for hours, again due to absence of adequate fuel.

There is also no food.

“We have a scary situation, and we may face a famine-like situation in two to three months,”

https://thediplomat.com/2022/07/amid-sh ... to-a-halt/

Duane,

I wouldnt say far off, how many loans do we currently hold. All debts must be repaid and when your neighbor house on fire is to wet your own. Remember we are facing deficit after deficit budget with no silver lining in sight, more importantly citizens are disgruntled as standard of living is being eroded almost every month.However, the government hands tied they can't increase salaries the same rate inflation is occurring. You are right we are not there yet but the question is do we wait until things get that bad to act? Why? Are the powers that be doing what we placed them there do or are they simply living off the fat and comfortable in their gated communities securing their own interests?

The United States has the largest external debt in the world; as of 2022, its debt-to-GDP ratio was ranked 40th out of 207 countries and territories
https://en.wikipedia.org/wiki/List_of_c ... ernal_debt
you can sort the columns using the arrows

Duane,

The US dollar will always have weight as the world economy depends on their survival, however who depends on the TTD? Only Trinidadians

[hover11]

I don't think people realise how bad it is in Sri Lanka.
We in T&T are far from the state declaring bankruptcy
In Sri Lanka there is no money to purchase fuel - govt offices have been shut as well as schools, public transport, trains etc
People have had to stand in long lines for days and nights for fuel and cooking gas. At least 16 people have died across the island while standing in queues.

Unable to get or afford cooking gas, numerous families even in urban areas have turned to firewood to cook. Electric cookers can be used only if there is electricity. Power outages are frequent and last for hours, again due to absence of adequate fuel.

There is also no food.

“We have a scary situation, and we may face a famine-like situation in two to three months,”

https://thediplomat.com/2022/07/amid-sh ... to-a-halt/

Duane,

I wouldnt say far off, how many loans do we currently hold. All debts must be repaid and when your neighbor house on fire is to wet your own. Remember we are facing deficit after deficit budget with no silver lining in sight, more importantly citizens are disgruntled as standard of living is being eroded almost every month.However, the government hands tied they can't increase salaries the same rate inflation is occurring. You are right we are not there yet but the question is do we wait until things get that bad to act? Why? Are the powers that be doing what we placed them there do or are they simply living off the fat and comfortable in their gated communities securing their own interests?

Will public servants hold off on salary increase demands so that backpay money can be used to pay debts?

Why must they forgo what they are ENTITLED to?

[Duane 3NE 2NR]

I don't think people realise how bad it is in Sri Lanka.
We in T&T are far from the state declaring bankruptcy
In Sri Lanka there is no money to purchase fuel - govt offices have been shut as well as schools, public transport, trains etc
People have had to stand in long lines for days and nights for fuel and cooking gas. At least 16 people have died across the island while standing in queues.

Unable to get or afford cooking gas, numerous families even in urban areas have turned to firewood to cook. Electric cookers can be used only if there is electricity. Power outages are frequent and last for hours, again due to absence of adequate fuel.

There is also no food.

“We have a scary situation, and we may face a famine-like situation in two to three months,”

https://thediplomat.com/2022/07/amid-sh ... to-a-halt/

Duane,

I wouldnt say far off, how many loans do we currently hold. All debts must be repaid and when your neighbor house on fire is to wet your own. Remember we are facing deficit after deficit budget with no silver lining in sight, more importantly citizens are disgruntled as standard of living is being eroded almost every month.However, the government hands tied they can't increase salaries the same rate inflation is occurring. You are right we are not there yet but the question is do we wait until things get that bad to act? Why? Are the powers that be doing what we placed them there do or are they simply living off the fat and comfortable in their gated communities securing their own interests?

The United States has the largest external debt in the world; as of 2022, its debt-to-GDP ratio was ranked 40th out of 207 countries and territories
https://en.wikipedia.org/wiki/List_of_c ... ernal_debt
you can sort the columns using the arrows

Duane,

The US dollar will always have weight as the world economy depends on their survival, however who depends on the TTD? Only Trinidadians

That's the case of most sovereign nations
At the end of the day while I agree the people make a democracy, T&T is nowhere near what Sri Lanka is going through

[st7]

but he's an expert - he knows exactly what he talking about

*shrug

[wing]

I don't think people realise how bad it is in Sri Lanka.
We in T&T are far from the state declaring bankruptcy
In Sri Lanka there is no money to purchase fuel - govt offices have been shut as well as schools, public transport, trains etc
People have had to stand in long lines for days and nights for fuel and cooking gas. At least 16 people have died across the island while standing in queues.

Unable to get or afford cooking gas, numerous families even in urban areas have turned to firewood to cook. Electric cookers can be used only if there is electricity. Power outages are frequent and last for hours, again due to absence of adequate fuel.

There is also no food.

“We have a scary situation, and we may face a famine-like situation in two to three months,”

https://thediplomat.com/2022/07/amid-sh ... to-a-halt/

Duane,

I wouldnt say far off, how many loans do we currently hold. All debts must be repaid and when your neighbor house on fire is to wet your own. Remember we are facing deficit after deficit budget with no silver lining in sight, more importantly citizens are disgruntled as standard of living is being eroded almost every month.However, the government hands tied they can't increase salaries the same rate inflation is occurring. You are right we are not there yet but the question is do we wait until things get that bad to act? Why? Are the powers that be doing what we placed them there do or are they simply living off the fat and comfortable in their gated communities securing their own interests?

Will public servants hold off on salary increase demands so that backpay money can be used to pay debts?

Why must they forgo what they are ENTITLED to?

Not even for the greater good? Or to prevent us from becoming like Sri Lanka? Let's say elections are called and another political party gains power, will public servants sacrifice like the others have and continue to sacrifice?

[hover11]

I don't think people realise how bad it is in Sri Lanka.
We in T&T are far from the state declaring bankruptcy
In Sri Lanka there is no money to purchase fuel - govt offices have been shut as well as schools, public transport, trains etc
People have had to stand in long lines for days and nights for fuel and cooking gas. At least 16 people have died across the island while standing in queues.

Unable to get or afford cooking gas, numerous families even in urban areas have turned to firewood to cook. Electric cookers can be used only if there is electricity. Power outages are frequent and last for hours, again due to absence of adequate fuel.

There is also no food.

“We have a scary situation, and we may face a famine-like situation in two to three months,”

https://thediplomat.com/2022/07/amid-sh ... to-a-halt/

Duane,

I wouldnt say far off, how many loans do we currently hold. All debts must be repaid and when your neighbor house on fire is to wet your own. Remember we are facing deficit after deficit budget with no silver lining in sight, more importantly citizens are disgruntled as standard of living is being eroded almost every month.However, the government hands tied they can't increase salaries the same rate inflation is occurring. You are right we are not there yet but the question is do we wait until things get that bad to act? Why? Are the powers that be doing what we placed them there do or are they simply living off the fat and comfortable in their gated communities securing their own interests?

Will public servants hold off on salary increase demands so that backpay money can be used to pay debts?

Why must they forgo what they are ENTITLED to?

Not even for the greater good? Or to prevent us from becoming like Sri Lanka? Let's say elections are called and another political party gains power, will public servants sacrifice like the others have and continue to sacrifice?

Will politicians forgo their hefty salaries and perks for the greater good and show solidarity with the working class. I think not

[j.o.e]

Trinidadians need to be fiscally prudent. Supply and demand doesn’t work in trinidad. Prices go up and we continue buy the same way, that’s our fault, no govt could fix that. This will only fuel inflation
And no it doesn’t require big boycotts and protests. On an individual level people just need to decide that something is overpriced and leave it there.

[timelapse]

So what caused 1990 then?

Terrorism

Another failed Tobagonian PM

[hover11]

So what caused 1990 then?

Terrorism

Another failed Tobagonian PM

History always repeats itself

[hover11]

Trinidadians need to be fiscally prudent. Supply and demand doesn’t work in trinidad. Prices go up and we continue buy the same way, that’s our fault, no govt could fix that. This will only fuel inflation
And no it doesn’t require big boycotts and protests. On an individual level people just need to decide that something is overpriced and leave it there.

I disagree, if the government is seeing that inflation is spiraling out of control beyond the reaches for most citizens then they need to act and create some semblance of equity that's why they are being paid such enormous salaries not to simply sit on their hands.

[bluefete]

Trinidadians need to be fiscally prudent. Supply and demand doesn’t work in trinidad. Prices go up and we continue buy the same way, that’s our fault, no govt could fix that. This will only fuel inflation
And no it doesn’t require big boycotts and protests. On an individual level people just need to decide that something is overpriced and leave it there.

The Food Prices Thread clearly shows that!

[RedVEVO]

Trinidadians need to be fiscally prudent. Supply and demand doesn’t work in trinidad. Prices go up and we continue buy the same way, that’s our fault, no govt could fix that. This will only fuel inflation
And no it doesn’t require big boycotts and protests. On an individual level people just need to decide that something is overpriced and leave it there.

x 3001

The above is quite correct . Supply and demand apparently does not exist in T&T .

T&T Peeps like to buy what they cannot afford cause it makes them feel like a super star.

Linda's standard w.r.t to bread has perturbed me so as a computer bot I will NOT purchase from this biz.

Kiss me with the $15 loaf !

[De Dragon]

Trinidadians need to be fiscally prudent. Supply and demand doesn’t work in trinidad. Prices go up and we continue buy the same way, that’s our fault, no govt could fix that. This will only fuel inflation
And no it doesn’t require big boycotts and protests. On an individual level people just need to decide that something is overpriced and leave it there.

x 3001

The above is quite correct . Supply and demand apparently does not exist in T&T .

T&T Peeps like to buy what they cannot afford cause it makes them feel like a super star.

Linda's standard w.r.t to bread has perturbed me so as a computer bot I will NOT purchase from this biz.

Kiss me with the $15 loaf !

Parlour Loaf is even cheaper, 12.50 IIRC

[j.o.e]

Trinidadians need to be fiscally prudent. Supply and demand doesn’t work in trinidad. Prices go up and we continue buy the same way, that’s our fault, no govt could fix that. This will only fuel inflation
And no it doesn’t require big boycotts and protests. On an individual level people just need to decide that something is overpriced and leave it there.

I disagree, if the government is seeing that inflation is spiraling out of control beyond the reaches for most citizens then they need to act and create some semblance of equity that's why they are being paid such enormous salaries not to simply sit on their hands.

Interfering with the market is what causes Venezuela but feel free to suggest what the govt should do and absolve yourself from responsibility

[MaxPower]

Friends,

Hear me out.

We have already accepted our beloved Venezuelans and shared our land and resources.

Can we help our Sri Lankan brothers and sisters?

Humanity is calling upon us once again.

[DMan7]

Max,

You need to start learning of leading the way. Take in a Sri Lankan family nah. Maybe your kind gesture will be the spark that encourages other people to do the same. Enough talk, action time!

[MaxPower]

Max,

You need to start learning of leading the way. Take in a Sri Lankan family nah. Maybe your kind gesture will be the spark that encourages other people to do the same. Enough talk, action time!

D,

I do my part in society bro.

Thanks for your positive response.

[De Dragon]

Max,

You need to start learning of leading the way. Take in a Sri Lankan family nah. Maybe your kind gesture will be the spark that encourages other people to do the same. Enough talk, action time!

Hadda ax Mammy fus!

[st7]

Max,

You need to start learning of leading the way. Take in a Sri Lankan family nah. Maybe your kind gesture will be the spark that encourages other people to do the same. Enough talk, action time!

[hover11]

Trinidadians need to be fiscally prudent. Supply and demand doesn’t work in trinidad. Prices go up and we continue buy the same way, that’s our fault, no govt could fix that. This will only fuel inflation
And no it doesn’t require big boycotts and protests. On an individual level people just need to decide that something is overpriced and leave it there.

I disagree, if the government is seeing that inflation is spiraling out of control beyond the reaches for most citizens then they need to act and create some semblance of equity that's why they are being paid such enormous salaries not to simply sit on their hands.

Interfering with the market is what causes Venezuela but feel free to suggest what the govt should do and absolve yourself from responsibility

Look around bro we reaching Venezuela stage either way. Inflation is eating away , salaries are constant. Majority of the working class working to pay bills and just survive. A few things in the grocery is now 500 dollars. Ppl have to decide whether to pay a bill or eat. Politicians have to get involved or give someone else the job. Implement proper price control measures to assist the vulnerable. There are no replacements or substitutes for staples.