Financial Mess
Jul 31, 2022
Sri Lankan Imbecilic
Politician’s attempt at a make-believe solution
Engr. Kanthar Balanathan
Speculation in the media is that
the Sri Lankan parliament's uneducated comedian politicians are attempting to
form a national government, with Ranil Wickremasinghe as the PM and three MPs
from the TNA as ministers. Fundamentally right from Gotabaya Rajapaksa down to
the finance minister do not understand economics and Financial Management. More
than fifty per cent of the MPs have not even qualified for the tenth standard.
GCE (O) level.
Ajith Nivard Cabraal is a
qualified Chartered Accountant and the Sri Lankan government should leave Cabraal
to function to his ability and the economic fools (Basil R) and his followers shall
not interfere with the Governor of the Central Bank. First of all, Basil should
study what “Inflation” means. Maybe Cabraal’s attempt will reduce inflation.
Basil should attempt to organise the Tax department to receive taxes, rather than
printing paper money and give an increased exchange to the people in SL. Can he
control the economy of SL by doing this? Increase the export, fools. Study the
monetary and economic network.
What is planned now by the
comedians is to replace the government with a new team headed by RW to free
themselves, (avoid) confrontation with the citizens for financial crime and put
the blame on Ranil Wickremasinghe for the 20 billion Central Bank fraud for
which RW was not responsible. It is requested that RW should be quite careful
with the financial criminals.
The truth is that the politicians
in Sri Lanka do not focus on forwarding planning, analysing the expenditure,
exercise budgetary control.
During Mahinda’s period, he did a significant
volume of development work on infrastructure and electricity with no basic
knowledge of development and an absence of communication and teamwork. Most of
all bush areas were given electricity with people not getting electricity because
of lack of funds in their coffer. The lines were lightly loaded. An increase in
load connection and industrial development on collateral has increased the load
demand. Did the government install a generating unit in the Port City
area?
Does the Electricity Board have a System Planning division
to study the “Load Growth” and plan generation capacity to meet the demand? Did
MR communicate with the CEB on System Planning or did he not understand System
Planning? Today, the country is suffering from high load and short of generating
capacity, with needs to isolate some sections of the country. High-Capacity
Factor. Will the politicians understand load factor, capacity factor, utility
factor etc? Today the generating plants are operating to full capacity with a high
risk of unit tripping. (Load shed) The world will laugh and ridicule the Sri Lankan
politicians.
Sambanthar is a fool and does not understand
economics or politics. He cannot stand vertical and shall retire and go to bed.
Firstly, the people must sack the Malakian Rajapaksas.
Between 2005 to 2010 the Rajapaksa family and extended family were occupying the
chair of heads of state, corporations Boards etc. The entire group ripped the
country. E.g., Air Lanka. Gotabaya Rajapaksa shall be removed from the
President’s chair and RW shall be appointed as the President. The entire
cabinet must be removed and the parliament shall have new MPs.
The two Rajapaksas GR & BR(25%)
are not citizens of SL and inherit no patriotic values, however, have one thing
in common, accumulate wealth from the SL coffer. A minister sometime back
wanted to make cigarettes out of cinnamon. Similar idiotic thoughts are born in
the politicians’ minds.
People must identify the root
cause of the Sri Lankan problem. It's all because of the Collateral investment
right from BMICH construction and 2004. Further the Hambantota, Port City,
Airport and the kickbacks. The SL government have to pay the debt periodically
and to divert attention they are creating bull shit economic stories. The
Rajapaksas know that the Sinhalese fools in the South could be fooled by
shouting the names “Hela Rajapaksas”. Never in the history of SL, the country
has gone down to this level.
Sri Lanka was and is inhibited by
the Tamils, Sinhalese, and Muslims. Not Malakian. Malakian came into the
country much later. The citizens of SL do not want Malakian to govern them.
Today the country is
begging the Tamil and Sinhala diaspora for funds to be transferred to SL. Well,
then the Diaspora should govern the country, Are we correct??
22-06-2022
25th April 2022
Dear Professor
I took the opportunity to watch your interview in Lankasri
wherein the analysis you gave to the people on the current economic disintegration
and the vision and mission that should be decided for the future. Your
explanation was crystal clear and excellent.
Please read my article on the 74years
of oppression, discrimination and the murders committed by the Sinhala
murderers, abandoning the economic equilibrium of the imports and exports and
the economy of SL. The Sinhala government had the vision and mission prepared
secretly through the Buddhist Maha Sanga of Sri Lanka to establish an ethnoreligiously unified by a
common religious and ethnic background establishing their Fundamentalist
concept.
Sir, I
appreciate your thoughts on the analysis and the vision and mission for future
administration for Sri Lanka and comparing Vietnam and her progress, I have
some reservations about your analysis, please. I hope you will appreciate my
thoughts.
I am 79
years of age. I was responsible for the coordination of the NAM conducted in
Harare, Zimbabwe in October 1986. V.Prabakaran and Anton Balasngham gave me
full authority to organise the NAM campaign and with some foreigners, as our
Tamils in Harare refused to participate in the campaign being scared for their
safety. I was successful as Rajiv Gandhi walked into placing a solution. I was
entrusted with the political campaign in Africa including SA.
I
studied Economics, Finance and reliability engineering and have Post Graduate
certificate qualifications. Sri Lankan government focussed their concentration
on Tamils and their advancement only giving up their financial and economic
sustainability. I wrote a letter to Professor
Ricardo Hausmann on the economic malpractices in Sri Lanka to which he replied
and the paper was published in Academia. The economic downfall in SL was due to
the multidimensional incompetency of our politicians. How many of our
politicians have their “O” level. Apart from a few who have their PhD, I do not
consider them as competent.
I
could have done my PhD, which I was invited to do, but I could not cos of
finance. So I worked and financed my children to get their PhD. My son has a
top job with an American company and my daughter is a surgeon and my DIL has a
PhD in cancer science.
தமிழில் சொல்வதென்றால்
தலையை விட்டு வாலைப் பிடிப்பது. The Sinhala government was practising this concept for the last 74 years,
wherein they were focussing on Tamils’ destruction and oppression. Please read
my letter to Prof Ricardo Hausseman where I have explained the shortfalls of
our ministers and the economic mismanagement.
GOSL has High Commissioners and
Ambassadors. Do they do their function? The office has Trade ministers in their
high commissions. What they do is spy on Tamil Diaspora. I know this as I did
spy on them fools. An army guy like Gotha: does he understand economics,
technology, technology etc. I asked him (Gotha) via my letter why the Port City
is important, apart from converting Anuradhapura into a “Digital Technology”
city. The guys did not understand the “Debt-Trap”; ( Harbour)
Our Tamil’s responsibility now in this current
situation is not to provide the Sinhala idiots with a solution, but to seek a
permanent solution for the Tamil’s independence. I know that it is not kind enough
to punish the Sinhalas, however, think of the past when more than a hundred
thousand Tamils were slaughtered and killed including child soldiers. Tamils
displaced, lands taken.
Today, SL has no “Soap” and “Box of matches”. Maybe
people have to get back to the iron age where they have to make fire by hitting
stones.
Replacing the government ministers will not solve the issues.
Getting IMF loans will not solve the issues. Getting loans from countries will
not solve the issues. The entire
Rajapaksas should leave and some new blood should come in. Permanent
economic sustainability formulas and operations should be formulated and those
should be constitutionalised.
Tamils should get their autonomous state called Tamil Eelam.
The young students from Jaffna University who have done Economics, Finance,
Agriculture, and management should be encouraged to enter politics. People like
Sambanthar, Mavai Senathirajah etc are incompetent to be in politics. I have
followed Jaffna Uni and have much regard
for the academics and the young qualifying graduates.
Sir as a Professor, please campaign every Tamil in the
N&E to utilise their backyards for vegetation. Eggplant, Kasava, Chillies
and whatever that can grow.
Professor Sivakumar Subramanium is doing top research on
water management and sustainability for the North & E. Sir, please engage
yourself in promoting “Economics” into the minds of our Tamil population
in the N&E. Both. Macroeconomics and microeconomics. And, as consumption, distribution, exchange,
production and public finance.
Please contribute your portion
on economic learning and practice to the Tamils. You could organise a
newsletter (Tamils). Your faculty could organise monthly newsletters for the
students and news media (paper).
Every Tamil should understand the theory and practice of
economics, irrespective of their occupation and profession.
My qualification is: I am a Control and Electronics engineer,
with added qualifications.
The appreciation of the academic and practical training and
the experience thereon makes one competent.
Additional topics:
Opportunity Cost and/or Cost-Benefit
Analysis
Tamil politicians could have advocated the development of
water resources for the region since independence. The Thondaimannar and Vallai
lagoon area was empty. The sluice gate built in Thondaimannar was with some
intent. Tamil politicians could have focussed on agrarian, fishing, Palmyra,
and cottage industrial services in the North. Of course with a University,
degrees could have been designed to the needs of the province. A reservoir
could have been built in the Vali region as the area covers a significantly
large catchment area. Of course, right from SJV to Sambanthar, politicians are
advocating for power-sharing.
The Sri
Lankan Accountants, engineers and economists should dig deep into various
economic and accounting theories and analyze the
“Role of Opportunity Cost in Financial Decision Making”.
The
analysis should be a qualitative and quantitative study detailing the costs,
benefits (tangible and intangible), plus risks associated with the project.
Quantify the risks associated with the project during and after.
People
need to know the qualitative and quantitative benefits of future development.
An
example of the west operating pattern: In developed countries, major projects
if planned, are placed before the public to study and make comments, either
through the City Councils or the MP. The public is allowed to study the
proposals, and feasibility reports and submit constructive criticism.
Thank you
Kind Regards
Kanthar Balanathan
Dec-1988
Mind,
Science, Intelligence & Perception
Kanthar P
Balanathan
I rummaged through my library,
and I found this folder that had my collection of articles on, “The Mind”,
which I collected since the 1980s and my brother’s book on Biology. I always wanted
to treasure these collections as they are of value to transpire the true nature
of myself and humans in general.
I made notes during my visit
to my brother’s research laboratory at his university. My late brother who was
a professor explained one of his research experiments on the brain activities of
a moth, with an electrode dipped into its brain cell. The moth responded
distinctively to green colour than to other colours, and the response was
clearly seen on a computer with waveforms. This is when my mind unfolded an
appetence to enhance my knowledge of, the human brain, mind, neurophysiology,
mechanistic and non-mechanistic science, and consciousness.
I believe that I demonstrate
my true nature based on the intelligence and perception of my neural network.
The differentials in thoughts and the like are due to the differential
knowledge, that humans inherit genetically, intellectually, socially, and
culturally. My contention is, that “Knowledge is power”, and a high
intellectual level is attained by perceiving via self-motivated creative
thinking and understanding of pure reasoning.
The human body is a biological
machine consisting of five sensory systems plus the sixth sense known as “Perception”.
The biological machine is manipulated physically and intellectually by the
human brain. Intelligence is defined as “understanding with pure reasoning”.
Eye vision is able to identify objects. The scientific elucidation of “light”
is that they are visible waves of the “electromagnetic spectrum”. My belief and
knowledge of the functions of the five plus one sense unravelled the truth of,
“who am I and how I should live”.
I believe that neuron has to
be the starting point referred to as the building block of the brain. Inputs to
the brain through the five senses can only be interrogated or compared if there
are set reference values. I was able to fortify this by reasoning out the
differentials in language, culture, and behaviour of different groups. My
apprehension about the transformation of scientific thoughts into philosophical
thoughts to reach recent primitive humans made a clear way to digest the
philosophical writings of leading writers. Although the primitive people had
the sixth sense, the primitives were not able to trigger the process of
“thoughts” and “reasoning” in the Stone Age.
In our day-to-day life,
conflict among people seems to be a fact of life. Individuals with different
people have different goals which result in conflict or dispute. The existence
of conflicts or disputes is not a bad thing or harmful if it is resolved
effectively. The effective result of resolution can lead to personal and
professional growth. My belief in understanding with pure reasoning plays a
pre-eminent function in the process.
It was a challenge for me to
apprehend the human neural system and how I had been able to live like a
one-eyed king in the land of the emotional blind. The day I left the land of
the blind, I was able to realize who I am and how I should live in the
scientific world.
Mahinda, Past
Life
Mahinda Rajapaksa moved friendly
with Anura Bandaranaike in the 70s and came to KKS Guest House frequently for
his playboy events. Alfred Duraiyappa helped him with his requests. What this
means is that Mahinda sucked and crawled into Anura’s අමුඩේ to
achieve his political ambitions. This is exactly what Namal his son is doing
now. Namal was caught in a hotel with three girls. How can Namal be a
politician?
People
should not trust Mahinda Rajapaksa because he is a character whom people should
not trust. He managed to scoop the Tsunami funds. LTTE sent food, medicine, and
clothes to the South when Mahinda robbed the Tsunami funds. Then he terrorised
Chandrika Bandaranaike and became the President. He had a plan to progress in
politics. He subsequently brought all his relatives to positions in politics.
He got help from the foreign military to remove LTTE from the platform and now
boasts that he killed all the LTTE. Rajapaksa did not eliminate the LTTE, but
with the help of India’s military and foreign military, he was able to
eliminate the LTTE. Now he is boasting that he eliminated the LTTE. The LTTE
should not come into the picture now because the issue here is the people do
not want Rajapaksas in government. Mahinda Rajapaksa is a bluffer. He knows how
to bluff people. The entire SLPP crowds are bluffers and crooks.
On the
19th of July, it was a day for the SLPP and TNA to receive a bonus
from UNP at SrIkotha. Now what they should do is retire and get out of the
country and leave people to live in peace. The bribery and corruption are
becoming blown up into Crores of money when people have no food and medicine.
What a dirty country is SL? What a dirty human is Mahinda and Ranil. The
piggish MR want to come back into politics with help of SLPP members who are
nothing but crooks.
The word
democracy has a different meaning in SL. The days are numbered with the outside
world completely ignoring the needs of SL. How does SL propose to pay back the
loans and bonds they owe to the rest of the world and who bought the Bonds? It
is the people who will suffer not the politicians. Even now Wimal Weerawansa
the top bluffer who has an IQ of 20 wants a portfolio. Mahinda and Namal are
PLAYBOYS. It is learnt that Ranil is Gay having no family values. How will he
understand the difficulties of families?
Gotabaya
has been driven out by various countries, even US do not want him to come back.
Why is SL accepting him? If Rajapaksas come into power the country of Sri Lanka
will disappear.
People
in politics should understand this and give the people a fair and peaceful
living.
30th July 2022
Jun 28, 2022
Ethnic,
Subornment and Debauchery Practice in SriLanka
Engr.
Kanthar Balanathan
DipEE(UK),
Grad.Cert.(Rel. Eng-Monash) DipBusAdm(Finance-Massey), C.Eng., MIEE
1.
Introduction
This article is published
to unravel the Root Cause of the economic downfall in Sri Lanka. Readers shall
read this article and do research by surfing textbooks and the internet and
interpreting and analysing the practice that prevailed in SL.
Cognitive science is an
area SL politicians should read and recommend that all politicians must consult
a psychiatrist to confirm the weakness in their minds. This statement is made
as the author feels that the people in SL are weak in their minds and
strengthened focus in one sector. This statement is made as more than twenty
million people in SL delegate their lives to these few politicians. The
minority of the group may suffer from feeling anxious in certain situations that
can help them avoid danger, triggering our 'fight or flight response.
Quote: To explain what
cognitive science means: Cognitive Science embodies the traditional historical
disciplines of Neuroscience, psychology, linguistics and philosophy and
computer science. The objective of cognitive science is to understand the
principles of intelligence that will lead to comprehension of the mind and
learning.
The writer’s thoughts: Humans
perceive different effects of the same state, as perceptions vary from person
to person. People assign different meanings to what they perceive, which leads
to conflicts.
The world knows the
history of bribery and corruption practised by countries. The corruption
perception index can be read from his website. (Please refer for knowledge). 2021 Corruption Perceptions Index - Explore the… -
Transparency.org
Corruption is a crime committed by officials
(public or private) abusing their role to procure gain for themselves or
somebody else. Several forms of corruption exist bribery, embezzlement, and abuse
of power, just to name a few.
Argentina and Greece somersaulted on zero dollars and bankruptcy in the 20th
century. Sri Lanka followed the two in the 21st century. People say
that Greece had a fall as a result of its political ideology and the laziness
of its citizens.
Sri Lanka had blown its trumpet to expose that they are the champions of
bribery and corruption, by lowering their assets to “Zero dollars, zero medicines, zero fuel and food items. Sri Lanka had levelled
its ranking at 102 with a score of 37, the same as Kazakhstan.
2.
Professor
Ricardo Hausmann
Professor Ricardo Hausmann
is a world-renowned Specialist in Economics and had published articles and
presented courses. The Professor facilitated the conference organised by the
then PM Mr Ranil Wickremasinghe in 2015. Professor’s lectures can be found in
(1) Ricardo Hausmann - The Collapse of
Economies - Bing video,
(2) https://www.ricardohausmann.com/economic-complexity
Inhouse knowledge,
know-how and Expertise are fundamental prerequisites for the people in a
country. It is requested that everyone who reads this article, please visit
Professor Ricardo Hausmann’s web pages and read the Professor’s articles and
view his videos to augment knowledge in economics and the requirements for a
country to develop and sustain itself. Inhouse knowledge of Economics is
essential for better stable practice.
3.
Sri
Lanka- Root Cause of Economic Downfall
3.1 Post-1970, when Srimavo Bandaranaike
assumed power as the PM, SL faced the same situation of near bankruptcy with no
rice and sugar etc. The PM had two intellects in her cabinet. (i) Dr. NM
Perera, (ii) Dr. Colvin R. de Silva. Dr Perera was an intellectual. Srimavo was
able to regain her financial stability within a few years. However, the current
situation is that no one understands “Economics” except professors. The
military personnel who are supposed to protect the sovereignty of SL via
protecting its borders are occupying chairs of the government as “Chairman”,
“Secretary” etc, with absolutely no understanding of what they are in charge
of.
3.2 Professor K. Amirthalingham is a highly
qualified and intellectual economist at Colombo University. The government
could use the intellectuality and knowledge of the Professor. However, power comes
into play. The imbecilic MPs and Ministers may think that they know more than the
Professors.
3.3 Various causes could be attributed to
Sri Lankan economic downfall. Each cause could be categorised and given a
score. In a backward third-world country like Sri Lanka, although the human
resources have low-level expertise, they have to expand their knowledge by attending
professional training courses, which is critical, however, Sri Lanka does not
advocate such training for engineers and economists and financial staff. This
is a critical downfall in Sri Lanka’s human resource management. Professional
institutions must demand such professional competency by attending training
courses.
4. Unity
a)
Addressing
74 years of post-independence operation, we find that the Cabinet ministers are
not united for the reason of their greediness for power & wealth. The
majority of the Ministers were not educated at the GCE (O) level. Currently,
the parliament has 94 politicians who are qualified to (o) Level only. Their eagerness
is to form a new political party to gain access to the coalition and get a
ministerial portfolio. SriLanka is flourished with 79 political parties for a
population of 21,543,507 as of Wednesday, December 15, 2021. It is a chuckling matter
to observe such panicking different views of politicians/ people.
b)
Unity among politicians
and people is non-existent. It’s a different view people have. Why would 21
million people in a country have different ideologies?
c)
Unity among citizens is
deficient. Racism, Religious differential, Fundamentalism, know-how, caste
differential, domiciliated area differential, human rights violation, knowledge
of democracy etc is nonexistent in Sri Lanka. This leads to a difference of
opinion and conflicts, resulting in forming new parties, violence etc. During
the 74 years of post-independence operation, Sri Lanka had six racial violence
killings of Tamils and Muslims and one pogrom between 2005 and 2009 killing
Tamils.
d)
Innovation, Creativity,
motivation, in-house knowledge, reliability, flexibility, effectiveness and
efficiency is absent among the citizens and politicians. A few Tamils in the North are researching effectively
to invent alternative ways of resources to prepare food with no Carbon deposits
on pots and pans. At least an attempt with limitations.
e)
Politicians have limited
knowledge in the areas of governance. Politicians are interested in getting
votes, which drives them to collateral form. Politicians have to give money for
each vote to the voters, which drives them back to enter into bribery and
corruption. The excuse politicians give the people is: “I spent so many millions for the election by giving
the voters, and I have to get it back”.
f)
SL has a constitution.
However, the constitution is not observed and followed. The three arms of
governance are not independent. The Executive interferes in other areas of
governance.
g)
Central Bank (CB) (Reserve
Bank) The CB shall be an independent body to function as the neural nerve
centre to control foreign reserves. However, politicians and ministers
interfere giving orders to release foreign funds for the purchase of their
choice. The Cabinet decides to purchase cars for the MPs which needs foreign
funds. Some ministers of the dynasty will order the release of foreign money
for their interests. This leads educated citizens to presume that they are
governed by imbeciles. This is a misuse of parliamentary power.
h)
Knowhow and in-house
knowledge: The head of a section, department, or government shall be fully
conversant with his duties. What prevails in Sri Lanka is appointing imbecilic
like Namal Rajapaksa, Cabraal, Wimal Weerawansa etc as ministers who do not
know their duties. A person like Gotabaya Rajapaksa (GR) as President does not
know his duties. He was responsible for the mass murder of thousands of JVP
youths in 1989. GR His speciality is
killing as a soldier. However, there can be an argument as to whether a leftist
government can do better for Sri Lanka or competition can do better. The 75%
downfall of the economic collapse is due to GR.
5.
Agrarian Race
Sri Lanka was an agrarian society historically.
The kings in the South have built reservoirs and dams to conserve water for
irrigation. DS Senanayaka focussed on structural transformation in the 40s.
Quote: Structural transformation is
the process by which low-income societies, in which agriculture absorbs most labour
and generates most economic output, become high-income societies characterized
by a relatively smaller but more productive agricultural sector.
SL is not an advanced country
to produce computers, cars and motorcycles and high-tech equipment. People’s
basic diet is rice and curry. SL cannot import rice. SL has to observe
countries like Thailand, China, Cambodia and the South-East nations and produce
the requisite commodities. In terms of behavioural economics, the people and
the governing staff missed the key elements of their fundamentals, like food
travel, job etc. As time goes the country copied the rest of the advanced world
and tried to copy them with a lack of resources. The government forgot the
importance of agriculture, both farming and fishing. Everyone wanted a
white-collar job. Srimavo’s standardization made Tamil and Sinhala youths go
abroad and not return. Those who returned copied the western world. As a
cumulative effect, the agricultural focus was lost. Those who had “O” Levels
also wanted a white-collar job or entered politics.
Please refer to the attached
letter written to the Director of the Northern Division of Agriculture. The
agricultural department has several staff for the functions. What is pointed
out here is just an example. I come from this village. (i) The channel from the
reservoir has not been maintained. Well, never is the word. The channel is full
of shrubs and trees. (ii) The sluice gate has never been maintained. It is a
wonder how the department would have done their flood control and water
distribution to the fields. Does it mean this involved bribery and corruption?
The writer remembers a Civil engineer who worked with the Water Corporation in
Nigeria. He was named “Casual Shun”, purely because he was
involved with the corruption of claiming that his team had more casual workers
when there were only a few. The extra money went into his pocket. A question:
How do the PWD, “Overseers” become rich in the PWD. Is this the way Ananthi
Sasitharan claimed money for her campaign? She is the wife of a
freedom fighter. It’s a shame if this is true. She should be kicked out of
politics.
No wonder agriculture has
fallen and the people are forced into an era of insufficient food period. The
main cause is the politicians not campaigning for food production.
6.
Imports
Vs Exports
Sri Lankan politicians
have an attitude of feeling that politicians who serve the people should get
everything free irrespective of the country’s economic status. Currently,
speculation that the GOSL wants to import electric cars. Must be for
politicians. During MR Rajapaksas period from 2005 to 2015, the country was
filled with foreign items. These items cost dollars, not come free. The foreign
company was allowed to set up an office and sell their products. Cars were
imported for politicians. A number o electronic goods were imported, cars,
motorcycles, autos etc. No one had an account of the imports and exports.
Finally, the imports were more than the exports. The High Commission and its
staff did nothing to campaign for their products. They enjoyed their luxurious
life. Governments have foreign offices such as the High Commission to export
their products. The HC staff (some) were only interested in spying for LTTE
operatives and raising anti-Tamil slogans. Under the slogan patriotism, the
Sinhala associations missed the bus by campaigning against the Tamil Diaspora.
The Sinhala Diaspora never focussed on Sri Lanka’s economic forthcoming
problems. Well, they did not have a vision and mission for the problem. Today
they are campaigning for the Tamils to send money to SL. What a joke?
Central Bank
(CB)
7.1 The CB is a nerve centre for a country.
They decide on all financial matters. In 2015, Arjuna Mahendran was appointed
Governor of the CB. During that period Ravi Karunanayake was the minister of
finance. Arjuna Mahendran’s son-in-law bought the bond for twenty billion
dollars. It may be that they borrowed money from the BOC and covered it with
dollars to pay the CB. The question now arises: How will Sri Lanka pay the
twenty billion dollars when it matures. Go for collateral? Maybe the cunning
idea of Arjuna Mahendran.
7.2 There are hidden secrets of CB dealing
and MR Rajapaksa clan and the Cabraal which smuggles dollars out of the
country. Only the Auditor General, if he had a backbone can form an
investigating team and dig into the secrets. A Court Order should be obtained
to investigate the CB dealings on foreign exchange approvals, the 20-billion-dollar
bond scam, and any other illegal dealings done by Rajapaksa and Ajith Nivard Cabraal
between the period 2005 to 2015. It is presumed that the economic downfall had
occurred because of Mahinda Rajapaksa, Namal Rajapaksa, Basil Rajapaksa and
Cabraal. MR wanted to shuffle onto Indrajit Kumarasamy, however, IK escaped
narrowly. The latest information revealed is that loans obtained for the
Hambantota project were never paid into CB. However, interest payments were
made by the CB. Serious illegal dealings have been made during this project
period.
8. Status of Tamils
Tamil Politicians are
fools. The reason is they are always fooling the people in the N&E, that
GOSL should solve their problem. The problem is not power, but survival. People
should realise this and try to use bicycles for travel, use firewood for
cooking, backyard plantation of edible vegetables, and use Palmyra jaggery and
use their knowledge to invent new usable items/equipment. A gentleman used his
innovative knowledge and self-motivation to invent biogas for cooking. Do
something and do not depend on anyone including the diaspora because the
diaspora is suffering in foreign countries. Do not entertain taking Boats to
foreign countries as the foreign countries are loaded with Sri Lankan racists.
9.
Conclusion
The main issue in SL is
the racial, xenophobia and ethnic problems. The Sinhalese people are being
driven by the yellow cloth Buddhist Bhikkhus. Even the Sinhalese diaspora are
racial-minded and have fear and spend their time spying on the Tamil diaspora.
This had made the Sinhalese crowd ignore the economic issues and discounted the
economic failure that was to come to SL. In SL the GOSL was busy instigating
the Buddhist Bhikkhus in converting the country into a pure Buddhist Sinhala
country. To get their support as well as the support of the MPs, imports were
more than the exports. The High Commissions were busy spying and not addressing
the Sri Lankan export propaganda. It was a cumulative chain effect that moth
bolled into a catastrophic economic failure. People are finding it difficult to
release themselves from the comforts they had all these years with the help of
the Diaspora, financially, and hence they want to take a boat. Sri Lankans are cowards,
have no patriotism for their country and do not want to work hard to survive.
Champika Ranawakka, an MP
wants the Tamils to come forward and build the entire SL and not only the
N&E. He is a coward and has no shame in openly saying that the
minority Tamils have the knowledge and courage to build a nation. It’s a true
indicator of the Sinhalese’s fear in all spheres.
Finally, the Sinhalese
must accept the fact that they are truly incompetent nincompoops, and have no
understanding of Human Services management, financial management, resource
management, economic management, resource coordination, innovation, creativity,
and self-motivation.
At this stage, it is
appreciated that India takes over Sri Lanka wholly or partially the N&E,
and makes it another state of their republic.
After all, SL was ruled by
India anyway.
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