As a Sri Lankan who is running around to find medication for my parents, and waiting hours in queues to get fuel, thank you for this. World should know
Tell your government to stop illegally dumping waste on developing countries and refusing to clean it up while wagging your finger at us for not being green enough.
First learn to live within your means. learn to save for rainy days, control desire and do not purchase unnecessary luxury items. Finally learn to elect good politician.
Thank you for this. In the UK we are just hearing about the leadership race to elect our new prime minister in the media. The events in Sri Lanka and predicted food problems are barely heard about. So few people know, but then people tend to switch off from the news here as our journalism is of such poor quality.
MSM is not poor quality , it's bought and sold for by those in control and broadcast to the dumb , blind and deaf public whom believe what ever is shown to them through their screens unconditionally .
It gets tedious fact checking every news channel. As of now UP's debt to gspd is almost identical to west bengal. But they very conveniently only point out non- Bhi jay pee states. The recent report from the central bank RBI lists UP, Haryana, Madhya Pradesh and Andhra at fiscal risk. We could do with little less bias reporting.
All loan in sri langka go up in smoke... Imf... Japan india... All in smoke... Sri langkan all flabbergasted where the money goes... Only the chinese loan of infrastructure can be seen and use by Sri langkan.
Here to save your time 03:15 Egypt 03:34 Tunisia 03:56 Lebanon 04:30 Argentina 05:00 El Salvador & Peru 05:18 Ghana, ethiopia, Kenya, South Africa 05:46 Turkey 06:17 What about India? 07:00 Solution
I haven’t watched the video but I didn’t notice Pakistan in the list. I would’ve thought they’d be in this too now with the current situation involving cpec? If anyone sees this comment please feel free to reply 😊.
@@bikramjeetgoswami6523 Nice one for clearing that up mate 😊. I was reading up some articles which portrayed how the situation in Pakistan is terrible and it’s fate would conclude to that of Sri Lanka’s eventually. However this video and your comment made me realise not just Pakistan but a lot of developing nations have had their difficulties. Hope their governments’ can fix up and start giving back to their people rather than taking everything for themselves the greedy gits.
@@AbdulHannan-sq6bn, Pakistan might very well end up like Sri Lanka (along with scores of other nations) but the hope here is that West won't let a nuclear armed nation descend into chaos.
I'm from the US and am grateful for your coverage. People in the US want to know what is going on in other countries and hear their opinions. Instead our media is driven by owners with their own agendas that have very little to do with good reporting and alot to do with personal/political beliefs.
Glad to hear, when I first came to the US my honors adviser told me that Americans are not interested in other cultures. Then I looked at the news and no wonder. If I were American even I would not want to go anywhere else thinking it would be too dangerous based on the news that is consumed.
You want to learn the truth about the Zelensky regime? Google these names: Vlodymyr Struk Denis Kireev Mikhail & Aleksander Kononovich Nestor Shufrych Yan Taksyur Dmitri Djangirov Elena Berezhnaya ........................................*if* you have enough integrity that is????
Finally. It's hard to find news about what's happening outside our borders if it's not war or disease related. Being a non-US, non-British English speaking source is super useful to learn more about the world. Thank you for uploading.
Palki Sharma has the exceptional talent and skill of concise speaking with crystal clarity . She runs rings around other news journalists by cutting straight to the facts of her story . She is a joy to listen to in all her reports .
I was in Mexico in May 1986 when the oil crash caused hyperinflation. Shopkeepers had 2 prices, a morning price & evening price, that's how fast prices were going up. Another side effect of hyperinflation is shortage of necessities. Entrepreneurs stop buying because they are uncertain if they can make a profit. Frijoles of all things were sold out all across Michoacan.
Hi Wayne Anderson, I have no affiliation with ITM Trading whatsoever - I just respect their chief market analyst there so I listen to their podcasts. She (Lynette) is always looking for people to talk to who have lived through hyperinflationary events. She has had a few on and each story told was fascinating. I would love to hear your story in a future podcast with Lynette.
It saddens me to think of the people who have to suffer because of their leader’s incompetence & lack of foresight. On a brighter note, It’s not often that we witness reporters who wear their nation’s clothes. Such a subtle yet powerful and commendable move.
For a man like me, the "dangerous" thing about her is, while she's beautiful and dresses impressively, she's also very intelligent & well educated. That's a deadly combination. 😁
In all developing countries the corruption is the main reason for this economic crisis. Authorities have stolen half of the sovereign debt, rest is used for projects which does. Ot generate dollars.
I totally agree with you.. I am living in a village and here No one is concerned about recession or economic crisis because people here have no housing loan, No car loan, produce their own food,etc. Whatever they buy is in Cash.. Global dependency is least.
Really glad Palki is back! Just loves the way she presents news and her classy way of dressing. She isn’t ashamed to dress up in beautiful Indian clothes…
Exactly! Some people talk about helping these countries...by throwing them a bone. But when they catch that bone things change and now those helping them want to surpress them.
May be ..so stop extending your horizon and develop within. Fdi Fze Corporate capitalism all will ruin countries and only few will grow with money. How the respective govts ask citizens to repay the loans , even countries borrowing needs to be asked to do the same with good governance
The only news channel I ever watch. Really amazing presentation by Palki Sharma emphasizing on the most important topics of the current world. I wasn't a person who actually reads newspaper but after watching WION videos due to their amazing in-depth presentation I found watching these videos area lot more insightful and makes me a lot more aware of our current situations
Fluency combined with grace and language command in news presentations is the domain of very few in any news room. And Palki Sharma tops the list across the media world.
They do it in developed countries too. It’s not possible to live life in places that are wealthy. A home or a job are impossible dreams. Yet the wealthy revolt when anything threatens their precious money.
Debt is fine but only if you have an asset to back it. Problem with third world countries is that they have no liquid assets. Countries in the West can print money which is accepted by producers. For example - the dollar, pound, euro. No one will accept the Sri Lankan rupee if their Central Bank just prints it.
@Grim FPV every other currency in the world is doing worse than the Dollar. Look at the DXY. Every country has to print more than the US. When we shut down the economy, printed to infinity, then stopped printing, we said, balls in your court. Your turn. And just laugh all the way to the IMF...
@@diegolopez000 Governments make all sorts of wrong rules and trouble the people. Next you never know what kind of mutated food they might force people to eat. Just because a few idiots want to make quick money.
Living in the Philippines offers the local food concept. Except maybe for the largest cities, most food, from veggies, fruit, meat, fish was either swimming, growing, grazing 1-2 days before it was on the dining table
YOUR comment is EXACTLY what major countries are pushing for in their melodramatic fashion. A certain, repeated weather cycle is on its way and governments are wringing huge profit unto themselves as prepare for it. The Paris Climate Accord implemented globally will make it MUCH WORSE before it really is instead of prepare and warn people!!!
My father was in Argentina when it fell. He told of the death of a lot of college students, the ones that were protesting. They were hunted down by the government.
Palki Sharma is our new international teacher. She explains beautifully the economic typhoids affecting Sri Lanka and around the globe in a few min. per video better than anyone else anywhere. Watch her, listen, act.
India: We are saving the world by exporting wheat, a true leader of the world Also India: Wheat export banned India: our economy is strong also India: less than 600 Billions foreign reserve left😂
@@wm4934 China is also the leader in exporting deadly Wuhan virus to the entire world and causing recession. India is giving vaccines to world at cheap rates.
India has not completely banned its wheat export. We are ready to fulfill the deals which we have made with 68 countries. Besides that India can export wheat to other countries if there is a large wheat shortage but they have to ask the Indian government for that. This is diplomacy in wheat.
Indian Govt should impose a bill on strict year-wise CAG audit mandatory for every states of the India and limit the borrowing capacity from open market or Bank to fulfil their unfruitful project only for voting purpose.
I'm from the province of Andhra Pradesh, which is mentioned in this video for reckless dangerous levels of debt and populist schemes. I plead the Central Government to impose CAG approval on everything the nut cracker politicians of my state do.
@@709preet Nope, this central govt is based as far as National strategy is concerned. I wish my state is also governed by the same national govt party.
I love Palki Sharma's clever use of phrases in this broadcast, such as, to lossely quote her, " Argentina, home of the tango finds itself on the wrong foot..." !!! And in other broadcasts, " are Chinese vaccines good, or are they just paper tigers? !!! Go Palki! She is so entertaining and wise in a global way!
I love this channel. I'm in the U.S. and I can't get any decent news. WION always has stories that are well researched and well presented. Thank you, this was a great story.
I shared your sentiment . I have been to The US many times and found their newspapers or tv are very poor in foreign News! That might be why Americans are so bias against foreign countries!
An excellent summary of a problem largely below my and my friends' radar here in the USA. I would like to see this group's prioritization of the solutions proposed here and to see what timelines their analysts believe to be achievable in those places . I also note that the solutions proposed here are monetary. I suggest that any viable solution to the current crisis must also address the shortfall in real food production, and such solutions need to begin implementation immediately. I'm just a computer guy who's a hobby researcher, but I cannot find anything close to a comprehensive analysis of programs intended to raise food self-sufficiency among those places that import their food (and so are vulnerable to both supply fluctuations and subsequent price fluctuations). Can your group point to some?
I have to say that WION is one of the best newscasts out there. It's so refreshing to just hear the news without being psyopped by intelligence agencies.
The funny part is where they put the data on India in terms of states. What is the debt to GDP ratio of India? She purposefully didn't say that. Instead she put that on States. In terms of the debt ratio, India right now at the end of 2022, projecting it at about 84 per cent of GDP.
@@daivasjallencherry4335 debt to gdp ratio of india is low , and the chances of sri lanka like situations are 0℅(a study was saying this) you can search on google.
With sincere gratitude for bringing us real reality of worldwide state of affairs, which we as people, need to understand!!! ONLY God knows how this plights will end!!🙆
You need to do your own research & not be so gullible...all one needs to appear correct or informed to the layman is a piece of the truth intertwined with one's own divisive political intentions WAKE UP.
@@tarobinson7411 but deeper than most general news anchors. Economy specialists could be better, but the wholesome view of the entire world is just fantastic. People love her immaculate choice of words and pauses.
In Trinidad and Tobago, financial institutions kept pursuing borrowers even when we were told not to work for about 6 months in many jobs. They keep threatening that my credit rating will be ruined even though I make a minimum payments which is all I could afford. Still, the situation is slow in the hotel/tourism industry on this island
@@allu_bechne_wala_rohit it's run short because the govt dismantled the oil refinery and mishandled currency reserves. They leased out the Pitch Lake to China as well
As much as it hurts to see where we've fallen and to see that "going the Sri Lankan way" is a negative thing, this is the truth 😭💔 -a fellow Sri Lankan
One of Astor Piazzolla’s most definitive works is ‘Adios Nonino (Farewell, Granddaddy).’ The tango was created by the Argentine composer as a way of saying goodbye to his father, who passed away in 1959. At the time, Piazzolla was on a tour of Central America when he heard news of his father’s death due to a bicycle accident. Source: Brisbane House of Tango
I'm from Andhra Pradesh, a state mentioned by Palki Sharma in India. We are here facing the inflation due to our incompetent leaders. Only motto of our CM is to borrow the money with high interest and distribute it to the people through social welfare schemes. I agree that Welfare of the people is important but development is foremost to that. The income generated from the development should lead a state but not mere borrowing and feeding the people to make them more lazy and useless. I'm pretty sure that if it continues like this, our state would definitely become another Sri Lanka.
Same would have happened in Delhi if it would've been a state but as it is a union territory it gets separate budget from Central government too.. Hope Andhra people will choose a wise leader in next election brother..would visit someday to your state for sure 😇🙏🏻
Why blame the incompetent Christian government blame the public for voting the government because of freebees your state will be next Sri Lanka luckily you are one of the state in India where you can go begging to the central government.
@@vijayhuawei8219 there are more poor than rich or middle class in any states of India.. So majority decisions are taken to lure poor people and definitely they can't understand anything about development.. All they want is food and shelter which is not wrong as they don't have basic necessities.. But a leader needs to be visionary and here all these CM PM come in power thinking just about next 5 yrs and how to win in the next election and never think about what to do for overall development of state or country.. Major difference between china and India.. No vision
What is interesting is that if a chic is pretty... If she can read other teleprompter fast without mmm, hhhmm, uhhh.... If she can read the script written by other people... Then she must be smart 🤪 Little known fact is that Most (if not all) Miss India, Miss America, Miss World are exploited by the rich and powerful.
I often wonder whether there is actually enough money in the whole system to cover the exhorbitant debts of every economy in the world. I get the nasty feeling it's all virtual money, with insufficient value to back it up.
Probably not, especially when much of it is spent on disposable things that lose value within a few years, despite the interest rates on the original loans
@@fourlimbedmartian5262 As they haven't been on the gold standard since 1971 that is hardly relevant. It can print as much as it wants, it might cause inflation but it can't go bust.
There has never been a shortage of money in the World or in any country. The biggest problem is politicians/rulers failing on properly educating and channelising their human and natural resources in one's country. On the other hand people failing on honestly using their mind and muscle for one's country's welfare.
I lived with a Peruvian (in his late 40’s now) in 2005 and I remember him telling me stories of unrest in Peru with police crack downs etc when he was a teenager, kind of scary hearing more of it now
It’s always been this way. . . “Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants - but debt is the money of slaves.” What happens next is slightly different this time around . . . YOU will own NOTHING & YOU WILL be happy - Klaus schwab, World Economic Forum.
The Ten Principles of the Georgia Guidestones, America's Strangest Monument Are you familiar with the Georgia Guidestones? When someone first mentioned it to me I thought it both interesting and strange. Located 90 miles East of Atlanta, the monument consists of a set of 10 guidelines inscribed on a stone manmade structure in eight modern languages. At the top there's also a short message inscribed in four ancient language scripts. Some people are calling it an "American Stonehenge." The slabs and capstone stand just over 19 feet tall. The creators of this monument have chosen to remain anonymous and the man who conveyed the instructions to the Eberton Granite Finishing Company 19 miles away used a pseudonym. Obviously it cost a pretty penny to produce and install. Purportedly the group behind this had spent twenty years in planning. The inscriptions are in the following languages: English, Spanish, Swahili, Hindi, Hebrew, Arabic, Traditional Chinese, and Russian. The ten commandments inscribed there are as follows: 1. Maintain humanity under 500,000,000 in perpetual balance with nature. 2. Guide reproduction wisely - improving fitness and diversity. 3. Unite humanity with a living new language. 4. Rule passion - faith - tradition - and all things with tempered reason. 5. Protect people and nations with fair laws and just courts. 6. Let all nations rule internally resolving external disputes in a world court. 7. Avoid petty laws and useless officials. 8. Balance personal rights with social duties. 9. Prize truth - beauty - love - seeking harmony with the infinite. 10. Be not a cancer on the Earth - Leave room for nature - Leave room for nature. A lot of it sounds "nice" but one gets a little concerned about the first two, the first especially. I'm curious how they propose to reduce the earth's population by seven billion in order to fulfill their concept of balance with nature. Does the second statement refer to a return to eugenicists helping create a more perfect race? Is it Brave New World inspired, as if Huxley's book were a manual, instead of a red flag? Heres what WIRED wrote about the Guidestones: The Georgia Guidestones may be the most enigmatic monument in the US: huge slabs of granite, inscribed with directions for rebuilding civilization after the apocalypse. Only one man knows who created them-and he's not talking. The strangest monument in America looms over a barren knoll in northeastern Georgia. Five massive slabs of polished granite rise out of the earth in a star pattern. The rocks are each 16 feet tall, with four of them weighing more than 20 tons apiece. Together they support a 25,000-pound capstone. Approaching the edifice, it's hard not to think immediately of England's Stonehenge or possibly the ominous monolith from 2001: A Space Odyssey. Built in 1980, these pale gray rocks are quietly awaiting the end of the world as we know it. You can find the rest of that story HERE.
Everyone will feel it. There are rich sri Lankan kids studying abroad unable to pay their fees because the money they have in their account is useless. There is no forex left with the banks to make the transfer and currency is at free fall. This is just a single example. The situation with exporters are the same. They can't get raw materials, power and fuel to sustain. Likewise Everyone is feeling the effect. Poor will suffer more.
Self sustainability is the answer. Sri Lanka has every natural resource for it to be self sustainable but the politicians and their business friends do not want the country to produce enough because when importing things from another country they can earn money through commissions and corruption. Sri Lanka has the natural resources and workforce for it to produce enough foods, vehicles, medicines, petrol and diesel, and electricity. Government do not want the country to be self sufficient because the correct politicians will miss out on import Commissions. Most of politicians families live abroad in developed countries and only the poor innocent civilian suffer.
Sometimes what isn't reported shows what the regime is most fearful of. The reality is most businessmen and politicians in India have had their family's wealth all shifted out of India/rupees and begun to shift to the US This is the reason why the rupee is declining and the US dollar is gaining. When the common people find out, it's too late - the rupee would collapse by then
Btw sri Lanka do not have petroleum as it's major contributor to economy. Sri Lanka has natural resources which was supporting it's tourism sector. Natural resources which can generate power is the main reason Sri Lanka and most developing nations would collapse.
We must hold all the dirty players within financial institutions accountable for predatory lending practices bribery influencing to these poor countries.
Predatory lending .... what about predatory gift giving such as 40 Billion worth of "aid" to perpetuate a war against Russia and impose sanctions which destroy mainly Europe.
Go watch a documentary on how the World Bank strategically took over Zambian copper mines. Its called Stealing Africa. And the book "Diary of an Economic Hit Man".
Lebanon lost its image and status after it supported Hezbollah militants on its soil in the name of muslim brotherhood. Egypt is very much corrupt so nothing good could be expected
Our authoritarian government in the US put us in debt we can never come out from under. There is no end in sight to the endless money printing that is going to put us in hyper inflation. Most of my fellow Americans are to dumb and think America could never fall.
@@GingerBreadMan76 Rightly put Sir... apparently, here in Kenya they are referred to as 'waheshimiwas' or if you wish 'leaders'. You could say its being brainwashed.
As someone born in Mexico in the late 1980s, I didn't experience the economic chaos but my parents did. At some point inflation reached the three digits, prices increased by the hour. Absolute shambles. There are few fond memories from that decade for many in Latin America.
@@bdog4280 yes, but your down payment actually meant something. The high interest rates kept the prices of houses lower so your down payment had a bigger impact. That's why high interest rates encourage saving and low interest rates encourage debt.
Thanks for sharing. I felt like I was in an economics class. I am from Kenya. I have jotted down key points to raise to our incompetent leaders who care about their bellies and not the ordinary citizen. I am shocked and dumfounded by the stats especially in developing countries. Cry my beloved country!!
Eye Opener Reporting! Aatmanirbhar, Need base spending, Not to Over Borrow, Self control, Show off purchases and so on could be the way of saving one self / or a country from such mess....Love to Wion n Palki.. keep the good work going...
This lady explains the complex world of economics in the most simplest terms. I really enjoy watching her reports. She is one of the smartest people I know.
An incredible and eye opening analysis so very lucidly presented by one of the best presenters in the world as always in Palki Sharma. Keep being remarkable Palki Sharma. 👌
@@nishiowimalasuriya8548 Don’t showcase your accumulated frustration on digital media who ever you are ? If you can’t appreciate anyone, at least avoid your pathetic comments.
I love WION and GRAVITAS. They bring the most unbiased media globally. They bring accurate informations on what is happening in the world, and send their messages as solutions for the people.
Can't agree. As an American, I hear a lot of bias against China. Also, WION information in not always accurate. Bloomberg News reported the ''Debt Trap'' is a myth. China's loans to SL are about 10%, and the rest owed to the West.
I recall the so called Asian Contagion of 1997 and the Russian debt default of 1998 extremely well. These seemingly remote events can trigger massive chain reactions in our intertwined financial systems very quickly.
Thank you GRAVITAS. Magnificent narration. I am from Sri Lanka. Hope that our dammed politicians will learn from GRAVITAS. A magnificent service done, solely on good faith. RESPECT & THANK YOU.
Thanks for this update Palki on the many nations like Sri Lanka will fall due to morning debts and Economic crisis and the World Bank predicting nations unable to pay their debts. This is very disturbing for our planet. Keep up the good work Palki.
@@nishiowimalasuriya8548 How much did the rajapaksas pay you to defend their role in ruining a great country like Sri lanka? It's history dates back to more than 5000 years!.
@@sweeta17 it depends on their foreign reserves. They have enormous debt but they have a lot of foreign reserves as well as their economy is capable to pay the debt.
Excellent reporting as always, My only complaint is- I was expecting an infographic when Palki said "we spoke to experts and compiled a roadmap" around 6:57 ?? Still Great work. Thank you!
Don't forget that 'corruption' played a big role in Sri Lanka to fall e.g. infrastructures like dead motorways, ghost ports, and giant stadiums being built to gain massive commissions. Even a child yet to be born is already a debtor whilst dopey Rajapakshas investing in Bitcoin, renowned hotels and foreign projects.
thats no different to other countries where goverments waste money on building etc and expenses cheating and more . but this is different from the general things
a country which is strong in Agriculture it wont fall luckily india too has 4 types monsoon in noeth south east west regions ... one region gives hand to other in hard time ... theis stsnd as backbone to our nation 💐🙏🏻🇮🇳
The world bank is the problem. Understand the monetary system. "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." - Henry Ford
There is a small chance you gonna be born in Finland, Sweeden, Netherlands, Belgium, Germany etc and live a decent life with opportunities and actually have a future. Be born in countries like Turkey,Greece, Balkans in general or African and most Asian countries and chances are your life is going to be torture just to put some food on the table.
Thanks guys. This news presenter has quickly become my favorite. I believe that what we are witnessing is the death throes of globalism. It's absurd for a country to move their manufacturing base to another country like we have in America. These types of crises will keep happening continuously until people go back to taking care of themselves. In Alabama, we are not seeing food shortages yet, but alot of people are stocking food in preparation. We are having problems finding canning jars for food preservation , and that's a problem for some of us.
Citizens in the US will not face economic hardships. The US has a surplus of oil as well as food. The US dollar is still the preeminent global currency. Yes, products and produce imported from elsewhere might be in short supply due to supply chain issues or problems at the source.
@@jarjarbinks3193 problem is Biden is depleting our oil reserves (more than half now) giving to Europe. He’s depleting our military equip reserves giving to Ukraine. He’s caused the shortages in oil by shutting them down & closing pipelines. He’s caused the food/goods shortages thru creating the energy crisis- on purpose for the Globalist’s Climate Change Agenda. He’s also creating the events to collapse the dollar. All this by his handlers = The Globalists. They want the WORLD to fall for their One World Govt or as they say New World Order. THEY SAY, “America will not be the superpower it once was, but a handful of countries will rule as one .” That will be the TEN new Kings controlled by the AntiChrist as outlined in scriptures. Book of Revelation.
@@jarjarbinks3193 I have witnessed the dumping of produce= hotel luggage carts stacked to the top=dumped into the dumpster, at a 99cent store. I was severely upset to see this happening. By the cases.
great insight by the very beautiful Palki Sharma - BTW here in Canada the price of energy (gas and diesel) has gone to more than $ 2 dollars a liter and even now it keeps climbing. We are in Trudeau's dictatorial hand thanks to NDP Jagmeet Singh - people are restless
Ms. Palki again she went all over the world. Third world countries are going through the same situation. Great report. Thank you for including lationaamerica.
In all developing countries the corruption is the main reason for this economic crisis. Authorities have stolen half of the sovereign debt, rest is used for projects which does not generate dollars, only to benefit their fellow contractors. Or where get some underarm deals.
I agree with you. But also colonialism, huge transnational corporations come in and pay corrupt government to pass one sided contracts which strip and steal the Natural resources while polluting environment and not paying any taxes, enslaving and putting peoples in debt through the imf and world bank.
King Solomon .. one of the richest Kings in ancient Israel said in Proverbs, " the borrower, is a slave to the lender." Not much has changed in 2,800 yrs.
Actually it's the other way around. The lender is the slave of the borrower here in India atleast in the region where I live in TN. As a financier I have loaned quite a bit of money to some *+@$ # & s and they have not returned even a single rupe can't do a thing Have been running around for years.
@@sbabeau then u havent secured your loans with the proper collateral and agreements. As a lender, u have the final say on any agreements that are signed. If u have entered an agreement that favours the borrower when they dont pay, the problem lies with u, the lender.
One of the main reasons Jesus never got involved with pay backs. Too many slaves nations naturally find their way into darkness, despair and eventual destruction either self-influenced or third-party.
My heart and thoughts are with all the people in this world, I pray this mess will be over soon and we all see the light at the end of the tunnel we the people in this world need and must stand together to get through these dark times
In Mauritius public dept has increased by almost ten times. Lots of projects which will bring nothing. The Rupees is depreciating very fast. Petrol prices have been increased........Anything can happen
Didn't Mauritius lived beyond its means for decades? A welfare state funded through debts. Seems like another Sri Lanka on its way, ironically both found in the same ocean.
Excellent summary of worldwide financial statements. You neglected to mention the root cause of this manipulation of world financial services. The Privately owned Banks and lending institutions resulting therefrom. Cheers from Michael. Australia.
Lady , you have explained the situation perfectly , however the value of the USD is critical as most of these Loans are in USD .The Internal policies of some countries really affects the level of money to be repaid . The rising dollar is also a major factor in this crisis . Thanks for your insight , regards Sean
This is so huge. Each of us needs to pause and from the depths of your soul ask God to help all Earth children, especially with food security and health 🙏🏻🙏🏻🙏🏻🙏🏻
@Harley king Regardless, this channel has a propensity for seizing on any negative news emanating from other parts of the world and annunciating it to the tenth degree while willfully ignoring the complete incompetency of the Modi government and its inability to provide more than half of the Indian population will basic services.
@@countvan7406 This channel is just a mouthpiece of India. But even worse. They dont even show real news. Like that of galwan where 1000s of indian soldiers were caught. But they say it didnt happen..
The problem is our whole financial and banking system: i. Our debt based system of money creation via the Central Bank - Government nexus. ii. Fractional reserve lending - which further devalues every paper money. iii. Unproductive welfare schemes that politicians create out of thin air by the above two - either borrow more money or create more schemes via reserve lending.
Best comments so far from this platform. Especially the welfare schemes. In Australia here nearly everyone are receiving welfare. And these systems is responsible for high taxes with high cost of living here in Australia for the few who are working 👌👍💯
This is not a problem to them, its an opportunity to do a major meltdown of the world's economy so they can cause mass starvation and civil unrest while driving the prices on their sacred commodities through the roof. We are just a number and we are all being played. None of this is an accident or from inept leadership. This play has been planned out long ago. Suckers. People are easier to control when their on their knees. Global ethnic population control is here. Wake up. The elite have no reason to care about the peasant class corporate slaves they rule over and can dispose of us for any reason at any time, unless your strong enough to stop them. Stay ono your knees you will live a little longer. Says homeland security. You all have a very hard lesson to learn about the true sadistic behavior of the human plague. We are only worth what it costs to replace us. Whoever pays you is your master. Trillions will be looted from the civilian coffers and all it takes is a major war.
@@Siclone23 one man worth 200 billion is phony wealth, it's never a cash wealth, all the billionaires net worth is not cash net worth they are not richest man in the world, it's a myth.
There me you're just one bored OFW. Do u know the PH debt to GDP ratio has risen from 40% when Duterte came to office to 63% at present? Did u understand what she said that there are 25 countries in this side of asia? Geez (roll eyes)
@PEDRO LIBAG who was consulted for the labor code? who designed the remittance system that Sri Lanka doesn't' have? OFWs? Do you think other countries have the same Foreign Civil Codes so they'll have opportunities overseas? Did the OFW created that system? Okay... I am grateful for them but the scholars who created those financial system was never appreciated.
As a Sri Lankan who is running around to find medication for my parents, and waiting hours in queues to get fuel, thank you for this.
World should know
We believe in our Government and then they do this to us.
Sad to hear this.
Don't worry, other governments around the world do thir best to have the same situation.
@@monsterboomer8051 like chaos is the only option
Hot B T C deals hit me up for more info and give away
Greetings from Canada!!! Thank-you for keeping integrity in your journalism. Many Canadians are appreciating what you are doing.
and other countries as well.
She`s not always right but her appearance compensate everything.
Tell your government to stop illegally dumping waste on developing countries and refusing to clean it up while wagging your finger at us for not being green enough.
How can the world avoid a debt crisis?! Get rid of your corrupt politicians. 🙏
Which is impossible
First learn to live within your means. learn to save for rainy days, control desire and do not purchase unnecessary luxury items. Finally learn to elect good politician.
Apart from that get away from USA as far as possible... It will ruin anyone who will befriend with it..
@@jimmatrix7244 Well said. At individual level we can do plenty but don't. More like excess & wastage is the norm
Since majority of people there have failed education, they keep voting the ssme corrupt politicians until they are personally affected badly.
Thank you for this. In the UK we are just hearing about the leadership race to elect our new prime minister in the media. The events in Sri Lanka and predicted food problems are barely heard about. So few people know, but then people tend to switch off from the news here as our journalism is of such poor quality.
MSM is not poor quality , it's bought and sold for by those in control and broadcast to the dumb , blind and deaf public whom believe what ever is shown to them through their screens unconditionally .
Hmm Not true. In my country I have already heard of this
I am Australian living in Texas USA and find this channel and reporter so useful and informative.
I wish I could leave this place and come to Texas.
I guess you are finding the US to be a better economic environment, no?
@@crand20033 better is a very low bar
It gets tedious fact checking every news channel. As of now UP's debt to gspd is almost identical to west bengal. But they very conveniently only point out non- Bhi jay pee states. The recent report from the central bank RBI lists UP, Haryana, Madhya Pradesh and Andhra at fiscal risk. We could do with little less bias reporting.
All loan in sri langka go up in smoke... Imf... Japan india... All in smoke... Sri langkan all flabbergasted where the money goes... Only the chinese loan of infrastructure can be seen and use by Sri langkan.
Here to save your time
03:15 Egypt
03:34 Tunisia
03:56 Lebanon
04:30 Argentina
05:00 El Salvador & Peru
05:18 Ghana, ethiopia, Kenya, South Africa
05:46 Turkey
06:17 What about India?
07:00 Solution
I haven’t watched the video but I didn’t notice Pakistan in the list. I would’ve thought they’d be in this too now with the current situation involving cpec? If anyone sees this comment please feel free to reply 😊.
@@AbdulHannan-sq6bn Pakistan is in some distress yes, but they are way better shape than those mentioned in the list.
@@bikramjeetgoswami6523 Nice one for clearing that up mate 😊. I was reading up some articles which portrayed how the situation in Pakistan is terrible and it’s fate would conclude to that of Sri Lanka’s eventually. However this video and your comment made me realise not just Pakistan but a lot of developing nations have had their difficulties. Hope their governments’ can fix up and start giving back to their people rather than taking everything for themselves the greedy gits.
@@AbdulHannan-sq6bn, Pakistan might very well end up like Sri Lanka (along with scores of other nations) but the hope here is that West won't let a nuclear armed nation descend into chaos.
@@bikramjeetgoswami6523 Already happened with Russia pal. 🤷🏾♂️
I'm from the US and am grateful for your coverage. People in the US want to know what is going on in other countries and hear their opinions. Instead our media is driven by owners with their own agendas that have very little to do with good reporting and alot to do with personal/political beliefs.
Glad to hear, when I first came to the US my honors adviser told me that Americans are not interested in other cultures. Then I looked at the news and no wonder. If I were American even I would not want to go anywhere else thinking it would be too dangerous based on the news that is consumed.
I’m An American and i despise our MSM and evil politicians. I wish we are told the truth
@@srabontibandyopadhyay5052 really 😂😂😂😂 you should go to the Thailand you can see more American guy then Thai itself
You want to learn the truth about the Zelensky regime? Google these names:
Vlodymyr Struk
Denis Kireev
Mikhail & Aleksander Kononovich
Nestor Shufrych
Yan Taksyur
Dmitri Djangirov
Elena Berezhnaya
........................................*if* you have enough integrity that is????
@@srabontibandyopadhyay5052 because American girls are kind of hippopotamus at least 84% of themma 🤣🤣🤣🤣🤣😭😭😭
Finally. It's hard to find news about what's happening outside our borders if it's not war or disease related. Being a non-US, non-British English speaking source is super useful to learn more about the world. Thank you for uploading.
Palki Sharma has the exceptional talent and skill of concise speaking with crystal clarity . She runs rings around other news journalists by cutting straight to the facts of her story . She is a joy to listen to in all her reports .
But where is the GDP to debt ratio of India like she mentioned about other countries?
Within 10 minutes you not only could strip the world financial disorder but also suggested the means nd ways. Hat's off Palki👍
Oye tharkee
1 USD = 80 rupees hahahaaa
@@unitycatalog one person can be fed very much comfortably for 1 dollar in India but you get probably some candies in USA for 1 dollar hahahaha
@@unitycatalog Hahahah bot cry 🤣
@@Mr-ef4ho Lol that was epic reply
I was in Mexico in May 1986 when the oil crash caused hyperinflation. Shopkeepers had 2 prices, a morning price & evening price, that's how fast prices were going up. Another side effect of hyperinflation is shortage of necessities. Entrepreneurs stop buying because they are uncertain if they can make a profit. Frijoles of all things were sold out all across Michoacan.
Hi Wayne Anderson, I have no affiliation with ITM Trading whatsoever - I just respect their chief market analyst there so I listen to their podcasts. She (Lynette) is always looking for people to talk to who have lived through hyperinflationary events. She has had a few on and each story told was fascinating. I would love to hear your story in a future podcast with Lynette.
It would be educational for the youth to know about how it was during the 80's when the PESO started losing it's value and how they were coping?
I always feel like i am in a university lecture when I listen to Palki, thats how good she is.
It saddens me to think of the people who have to suffer because of their leader’s incompetence & lack of foresight.
On a brighter note, It’s not often that we witness reporters who wear their nation’s clothes. Such a subtle yet powerful and commendable move.
It's the foolish people who vote wrong people.And don't want to talk about important matters.
She is a proud hindu and fiercely represents her culture.
@@rishirajsinghrajput4119 100% correct! Many voters approve government programs that are not affordable. A country in recession hurts everyone
For a man like me, the "dangerous" thing about her is, while she's beautiful and dresses impressively, she's also very intelligent & well educated. That's a deadly combination. 😁
Beauty with brains and the icing on the cake - representing India well.
In all developing countries the corruption is the main reason for this economic crisis. Authorities have stolen half of the sovereign debt, rest is used for projects which does. Ot generate dollars.
The rightwingers do not care about that. They think corruption is a part and parcel of developing countries
this year the native cuontry Acean .top✌🦀hi
Its the same for all countries
Are you the real xavier
And now the corruption is in top tier countries.
Farming is important but people forget this skill. Villagers will enjoy their life even in debt crises.
WISE COMMENT ...SPOT ON
To be exact, those who pay everything in cash (no credit card) and have healthy lifestyle will enjoy their life in debt crises
Or they could end up like the farmers in North Korea and forced to give to the government..I dont think anyone is safe
I totally agree with you..
I am living in a village and here No one is concerned about recession or economic crisis because people here have no housing loan, No car loan, produce their own food,etc. Whatever they buy is in Cash.. Global dependency is least.
@@michaelkato8999 yeh chini bro....
Palki Sharma is one of best news presenters in the world. Every time I've seen her - I've been most impressed.
Really glad Palki is back! Just loves the way she presents news and her classy way of dressing. She isn’t ashamed to dress up in beautiful Indian clothes…
STOP FALLING FOR THIS WOMEN, SHE IS DOING HER JOB, DON'T PATRONIZE HER, JUST LISTEN TO THE NEWS AND COMMENT ON THE NEWS
Why would she be ashamed?
@@jedus007 so much jealously ??
Ha ha....just think about it - someone is......and it's not you!!
What do u mean by ashamed??? Like gurl 😌
it seems like certain people don't want developing countries to get too ahead 🤔
Not certain people.. Its USA..
Exactly! Some people talk about helping these countries...by throwing them a bone. But when they catch that bone things change and now those helping them want to surpress them.
May be ..so stop extending your horizon and develop within. Fdi Fze Corporate capitalism all will ruin countries and only few will grow with money. How the respective govts ask citizens to repay the loans , even countries borrowing needs to be asked to do the same with good governance
Seems?
Yes, the leaders of certain developing countries and not very smart population.
The only news channel I ever watch. Really amazing presentation by Palki Sharma emphasizing on the most important topics of the current world.
I wasn't a person who actually reads newspaper but after watching WION videos due to their amazing in-depth presentation I found watching these videos area lot more insightful and makes me a lot more aware of our current situations
This channel is full of bias. Palki Sharama hates America with a passion.
Agree. I'm in the US and it seems lately this is the ONLY channel I watch for world news.
Good for foreign news, but a bit biased when it comes to India and China.
Didn't you subscribed it on TV?
@@150pluskph harr news biased hai aajkal
Fluency combined with grace and language command in news presentations is the domain of very few in any news room. And Palki Sharma tops the list across the media world.
Debt is not a bug, it's a feature used by the wealthy to increase their wealth and influence developing countries.
They do it in developed countries too. It’s not possible to live life in places that are wealthy. A home or a job are impossible dreams. Yet the wealthy revolt when anything threatens their precious money.
Debt is fine but only if you have an asset to back it. Problem with third world countries is that they have no liquid assets. Countries in the West can print money which is accepted by producers. For example - the dollar, pound, euro. No one will accept the Sri Lankan rupee if their Central Bank just prints it.
and we all know who that gang is
It works with citizens, but it also works with subservient vassal countries too
@Grim FPV every other currency in the world is doing worse than the Dollar. Look at the DXY. Every country has to print more than the US. When we shut down the economy, printed to infinity, then stopped printing, we said, balls in your court. Your turn. And just laugh all the way to the IMF...
One important solution is to grow food locally, using sustainable techniques, so that countries need not take loans to satisfy basic necessities.
Some governments like Australia are trying to create laws forbidding citizens to grow their own crops, so you know.
@@diegolopez000
Governments make all sorts of wrong rules and trouble the people. Next you never know what kind of mutated food they might force people to eat.
Just because a few idiots want to make quick money.
Agreed
Living in the Philippines offers the local food concept. Except maybe for the largest cities, most food, from veggies, fruit, meat, fish was either swimming, growing, grazing 1-2 days before it was on the dining table
YOUR comment is EXACTLY what major countries are pushing for in their melodramatic fashion. A certain, repeated weather cycle is on its way and governments are wringing huge profit unto themselves as prepare for it. The Paris Climate Accord implemented globally will make it MUCH WORSE before it really is instead of prepare and warn people!!!
My father was in Argentina when it fell. He told of the death of a lot of college students, the ones that were protesting. They were hunted down by the government.
That doesn’t sound good ....
Same here 🇱🇰
when was this? did it happen just recently?
@@memoranda1 I think He's talking about the dictatorship in Argentina in 1976.
@@MrElmag12 and before 1976.
Palki Sharma is our new international teacher. She explains beautifully the economic typhoids affecting Sri Lanka and around the globe in a few min. per video better than anyone else anywhere. Watch her, listen, act.
China, before Investing in a country: "We are with U". China after investing: "Our prayers are with U"
India: We are saving the world by exporting wheat, a true leader of the world
Also India: Wheat export banned
India: our economy is strong
also India: less than 600 Billions foreign reserve left😂
@@wm4934 China is also the leader in exporting deadly Wuhan virus to the entire world and causing recession. India is giving vaccines to world at cheap rates.
@@wm4934 If they export wheat, their hunger index ranking will drop to last
@@wm4934 are you really a Chinese or just a Pakistani bot
India has not completely banned its wheat export. We are ready to fulfill the deals which we have made with 68 countries. Besides that India can export wheat to other countries if there is a large wheat shortage but they have to ask the Indian government for that. This is diplomacy in wheat.
Indian Govt should impose a bill on strict year-wise CAG audit mandatory for every states of the India and limit the borrowing capacity from open market or Bank to fulfil their unfruitful project only for voting purpose.
I'm from the province of Andhra Pradesh, which is mentioned in this video for reckless dangerous levels of debt and populist schemes. I plead the Central Government to impose CAG approval on everything the nut cracker politicians of my state do.
For that we need a different govt not this
'Liberals' will say death of federalism
@@709preet Nope, this central govt is based as far as National strategy is concerned. I wish my state is also governed by the same national govt party.
Very well said. I fully agree to this valid point.
She condenses a lot in a short output, and complex news easily understandable. Keep it up WION. We love it !!
Except things on india
@@92_09 are you bhakt ? .. i mean ... U must be a person who praises modiji's policies ??
There must a big team experts who would be analysing without any bias.
@@saurabhsahrawat1475 you are biased ☝🏾
@@saurabhsahrawat1475 lol not bhakt
Such a fantastic reporter. Watching from New Zealand.
I love Palki Sharma's clever use of phrases in this broadcast, such as, to lossely quote her, " Argentina, home of the tango finds itself on the wrong foot..." !!!
And in other broadcasts, " are Chinese vaccines good, or are they just paper tigers? !!!
Go Palki! She is so entertaining and wise in a global way!
and what a beauty with brain she is...
She’s very very good
I love this news channel...so 😊 haPpy I found out about it last month. Real news, real people😊
Palki must be protected by all cost!
Where are you from? Just curious to know from which countries people watch WION.
@@sunnyboynfs mostly American nd Indian ig!
@@Thecannibalfrombeyond Ohk
@@Thecannibalfrombeyond what about fox,, ABC News? Don't they show truth?
I love this channel. I'm in the U.S. and I can't get any decent news. WION always has stories that are well researched and well presented. Thank you, this was a great story.
@Seek Him with all your heart and you will find Him what brought this on?
@@pervysage5125 Spam accounts with automated comments. Report and move on.
Move to india and you can get more decent news and smell.
very true...decent news only on wion
I shared your sentiment . I have been to The US many times and found their newspapers or tv are very poor in foreign News! That might be why Americans are so bias against foreign countries!
An excellent summary of a problem largely below my and my friends' radar here in the USA. I would like to see this group's prioritization of the solutions proposed here and to see what timelines their analysts believe to be achievable in those places .
I also note that the solutions proposed here are monetary. I suggest that any viable solution to the current crisis must also address the shortfall in real food production, and such solutions need to begin implementation immediately. I'm just a computer guy who's a hobby researcher, but I cannot find anything close to a comprehensive analysis of programs intended to raise food self-sufficiency among those places that import their food (and so are vulnerable to both supply fluctuations and subsequent price fluctuations). Can your group point to some?
I am from Brasil and I truly respect this newschannel. It does help us to grasp the problem's nuances in a straightforward way. Greetings.
How's life where you are in Brazil?
@@algae_rhythms What do you wish to know exactly ?
Palki: There are 69 countries
Me: This one sparks joy
Palki: that face all three risks, food, energy, finance
Me: *This one does not spark joy*
Quality journalism from WION and Palki ji
After all sudhir ji ka channel hai
@@mohdshariq5814 channel ke ownership ke baare me kya batata hai bhai look at there way of covering the news
@@channaveerreddy1610 Let him live in his orgasmic balloon of fantasy.
STOP PATRONIZING THIS WOMEN PLEASE
Tihari ka channel hai
Discovered this channel recently. It's really helpful and informative. Thank you!
I have to say that WION is one of the best newscasts out there. It's so refreshing to just hear the news without being psyopped by intelligence agencies.
But how do we know?
The funny part is where they put the data on India in terms of states. What is the debt to GDP ratio of India? She purposefully didn't say that. Instead she put that on States. In terms of the debt ratio, India right now at the end of 2022, projecting it at about 84 per cent of GDP.
@@daivasjallencherry4335 debt to gdp ratio of india is low , and the chances of sri lanka like situations are 0℅(a study was saying this) you can search on google.
With sincere gratitude for bringing us real reality of worldwide state of affairs, which we as people, need to understand!!! ONLY God knows how this plights will end!!🙆
Here in India we are in Modi's dictatorial hand. Indian Hindus are restless.
No! He is not the only ONE.
End? Sodom and Gomorrah's destruction because of this wickedness!
It is written...
You need to do your own research & not be so gullible...all one needs to appear correct or informed to the layman is a piece of the truth intertwined with one's own divisive political intentions WAKE UP.
Deep analysis of debt situation around the world. Palki does it in an electrifying way that pulls like a magnet the viewers. Love you Palki Sharma ❤️.
Not that deep, really.
and brain dead people still love and protect the Ashkenazis
Dot on. Pulls the viewers like a magnet.
@@tarobinson7411 but deeper than most general news anchors. Economy specialists could be better, but the wholesome view of the entire world is just fantastic. People love her immaculate choice of words and pauses.
@@minerjopeace5915
Nice on the eyes 👀, also.
I agreed with your presentation the moment you mentioned Ghana. Thanks Palki
In Trinidad and Tobago, financial institutions kept pursuing borrowers even when we were told not to work for about 6 months in many jobs. They keep threatening that my credit rating will be ruined even though I make a minimum payments which is all I could afford. Still, the situation is slow in the hotel/tourism industry on this island
Same with me
@@Kamal67811 what country are you in?
Buy dollars
@@allu_bechne_wala_rohit it's run short because the govt dismantled the oil refinery and mishandled currency reserves. They leased out the Pitch Lake to China as well
@@rogermoore27 🤨 high corruption rate. Slowly build food reserves in your house.
As much as it hurts to see where we've fallen and to see that "going the Sri Lankan way" is a negative thing, this is the truth 😭💔
-a fellow Sri Lankan
Everything is going according to plan. The goal is to cancel the world debt.
As an Indian, I hope you could fight and establish and trustworthy government. I also pray for your health & security. Good Luck Brother
@@norliegh thank you 🥺❤️
Hope to see your country bouncing back soon ❤️
Wishing you a prosperous future 😊
The real inflation in Turkey is around 140 %. 70 % is what Erdoğan allows to be mentioned.
And how do you know that???
We, in the US, have just had a taste of frightening 30% inflation this past year.
@@SaurabhKumar-ey2dv The trustworthy group of scientist show it clearly. 70 % is what Erdogan permits to be announced.
@@SaurabhKumar-ey2dv hes turkish he is facing it
No offence to turkish people but i find this comment fking hilarious 😂
Love this woman. Palki Sharma ❤️❤️❤️♥️♥️
When she said Argentina, home of the tango, starting on the wrong foot; I couldn't help but laugh out loud 😆
4:32
One of Astor Piazzolla’s most definitive works is ‘Adios Nonino (Farewell, Granddaddy).’ The tango was created by the Argentine composer as a way of saying goodbye to his father, who passed away in 1959.
At the time, Piazzolla was on a tour of Central America when he heard news of his father’s death due to a bicycle accident.
Source: Brisbane House of Tango
I laugh like crazy too , we both have a good sense of humor
I was there in the late 1990's ..It was wonderful
This is by far most clear and informative report on critical world financial issues I have seen. Extremely well done.
I agree.
NO
WION is good but palki Ji makes it better, the best actually
I agree
She's still probably bitching about the fictional Gender Pay Gap.
How does she make it better?
Aunti jee please show some respect
Loved her in the salwar. 🥰
This woman is just SO GOOD ! I wish we had factual and knowledgeable Presenters like her .
I'm from Andhra Pradesh, a state mentioned by Palki Sharma in India. We are here facing the inflation due to our incompetent leaders. Only motto of our CM is to borrow the money with high interest and distribute it to the people through social welfare schemes. I agree that Welfare of the people is important but development is foremost to that. The income generated from the development should lead a state but not mere borrowing and feeding the people to make them more lazy and useless. I'm pretty sure that if it continues like this, our state would definitely become another Sri Lanka.
But still most of the people is supporting that government blindly
True. Just like the statement: Give a man fish and he will eat for a day. Teach a man to fish and he will eat for a lifetime.
Same would have happened in Delhi if it would've been a state but as it is a union territory it gets separate budget from Central government too..
Hope Andhra people will choose a wise leader in next election brother..would visit someday to your state for sure 😇🙏🏻
Why blame the incompetent Christian government blame the public for voting the government because of freebees your state will be next Sri Lanka luckily you are one of the state in India where you can go begging to the central government.
@@vijayhuawei8219 there are more poor than rich or middle class in any states of India.. So majority decisions are taken to lure poor people and definitely they can't understand anything about development.. All they want is food and shelter which is not wrong as they don't have basic necessities.. But a leader needs to be visionary and here all these CM PM come in power thinking just about next 5 yrs and how to win in the next election and never think about what to do for overall development of state or country..
Major difference between china and India.. No vision
I love this Lady🥰. She's very good educated and can explain exactly what is going on in the World 🌎 Economy.
She's not that smarty she will only read and tell you what the devils tell her to read.
Her name is "Palki Sharma Upadhyay"
She's reading a script.
What is interesting is that
if a chic is pretty...
If she can read other teleprompter fast without mmm, hhhmm, uhhh....
If she can read the script written by other people...
Then she must be smart 🤪
Little known fact is that Most (if not all) Miss India, Miss America, Miss World are exploited by the rich and powerful.
@@allerp2793 truuuuuue!!!
I often wonder whether there is actually enough money in the whole system to cover the exhorbitant debts of every economy in the world. I get the nasty feeling it's all virtual money, with insufficient value to back it up.
Me too
Probably not, especially when much of it is spent on disposable things that lose value within a few years, despite the interest rates on the original loans
nope, and the country that tops that list is america which has printed way more that it can actually back it up with equivalent gold.
@@fourlimbedmartian5262 As they haven't been on the gold standard since 1971 that is hardly relevant. It can print as much as it wants, it might cause inflation but it can't go bust.
There has never been a shortage of money in the World or in any country. The biggest problem is politicians/rulers failing on properly educating and channelising their human and natural resources in one's country. On the other hand people failing on honestly using their mind and muscle for one's country's welfare.
I lived with a Peruvian (in his late 40’s now) in 2005 and I remember him telling me stories of unrest in Peru with police crack downs etc when he was a teenager, kind of scary hearing more of it now
So nice to hear a newscaster offer some possible solutions to problems presented-I wish America had a free press and could do the same.
most of the Indian media are corrupt , bribed and biased. it falls in very very low ranking in media. European media is still the best
🤣🤣🤣
Debt crisis, rising fuel and food prices
Which historical always leads to war
@@silasla true 100%
@@silasla Is it true that Sweden and Finland wants to join NATO? WION please update us on this.
@The EGA yes, I'm from Denmark and can confirm that :-)
@@silasla Seems like there will be a World War III. Just look at what is going on in the world.
It’s always been this way. . . “Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants - but debt is the money of slaves.” What happens next is slightly different this time around . . . YOU will own NOTHING & YOU WILL be happy - Klaus schwab, World Economic Forum.
Let’s not allow that to happen
Cryptocurrency belongs to slave category.
The Ten Principles of the Georgia Guidestones, America's Strangest Monument
Are you familiar with the Georgia Guidestones? When someone first mentioned it to me I thought it both interesting and strange.
Located 90 miles East of Atlanta, the monument consists of a set of 10 guidelines inscribed on a stone manmade structure in eight modern languages. At the top there's also a short message inscribed in four ancient language scripts. Some people are calling it an "American Stonehenge." The slabs and capstone stand just over 19 feet tall.
The creators of this monument have chosen to remain anonymous and the man who conveyed the instructions to the Eberton Granite Finishing Company 19 miles away used a pseudonym. Obviously it cost a pretty penny to produce and install. Purportedly the group behind this had spent twenty years in planning.
The inscriptions are in the following languages:
English, Spanish, Swahili, Hindi, Hebrew, Arabic, Traditional Chinese, and Russian.
The ten commandments inscribed there are as follows:
1. Maintain humanity under 500,000,000 in perpetual balance with nature.
2. Guide reproduction wisely - improving fitness and diversity.
3. Unite humanity with a living new language.
4. Rule passion - faith - tradition - and all things with tempered reason.
5. Protect people and nations with fair laws and just courts.
6. Let all nations rule internally resolving external disputes in a world court.
7. Avoid petty laws and useless officials.
8. Balance personal rights with social duties.
9. Prize truth - beauty - love - seeking harmony with the infinite.
10. Be not a cancer on the Earth - Leave room for nature - Leave room for nature.
A lot of it sounds "nice" but one gets a little concerned about the first two, the first especially. I'm curious how they propose to reduce the earth's population by seven billion in order to fulfill their concept of balance with nature.
Does the second statement refer to a return to eugenicists helping create a more perfect race? Is it Brave New World inspired, as if Huxley's book were a manual, instead of a red flag?
Heres what WIRED wrote about the Guidestones:
The Georgia Guidestones may be the most enigmatic monument in the US: huge slabs of granite, inscribed with directions for rebuilding civilization after the apocalypse. Only one man knows who created them-and he's not talking.
The strangest monument in America looms over a barren knoll in northeastern Georgia. Five massive slabs of polished granite rise out of the earth in a star pattern. The rocks are each 16 feet tall, with four of them weighing more than 20 tons apiece. Together they support a 25,000-pound capstone. Approaching the edifice, it's hard not to think immediately of England's Stonehenge or possibly the ominous monolith from 2001: A Space Odyssey. Built in 1980, these pale gray rocks are quietly awaiting the end of the world as we know it.
You can find the rest of that story HERE.
@@erniegutierrez410 please explain?
They won't succeed and that's a given. The war is won 🎉
This whole segment is exactly how I'm feeling and why I'm here listening her last words were extremely powerful
Crises is for poor people not for rich and millionaires
Wat suggestion you have for Bezos Gates Musks Buffets Zuckerbergs of this world?
Everyone will feel it. There are rich sri Lankan kids studying abroad unable to pay their fees because the money they have in their account is useless. There is no forex left with the banks to make the transfer and currency is at free fall. This is just a single example.
The situation with exporters are the same. They can't get raw materials, power and fuel to sustain. Likewise Everyone is feeling the effect. Poor will suffer more.
Crises are….crisis is singular, crises are plural.
It never was,never will be....
Rich elite benefits from crises. They can buy everything off with tiny prices, companies, homes, cars, farms ect
Self sustainability is the answer. Sri Lanka has every natural resource for it to be self sustainable but the politicians and their business friends do not want the country to produce enough because when importing things from another country they can earn money through commissions and corruption. Sri Lanka has the natural resources and workforce for it to produce enough foods, vehicles, medicines, petrol and diesel, and electricity. Government do not want the country to be self sufficient because the correct politicians will miss out on import Commissions. Most of politicians families live abroad in developed countries and only the poor innocent civilian suffer.
Same for India also
Same for most of the developing countries.
Sometimes what isn't reported shows what the regime is most fearful of.
The reality is most businessmen and politicians in India have had their family's wealth all shifted out of India/rupees and begun to shift to the US
This is the reason why the rupee is declining and the US dollar is gaining. When the common people find out, it's too late - the rupee would collapse by then
Correct
Btw sri Lanka do not have petroleum as it's major contributor to economy. Sri Lanka has natural resources which was supporting it's tourism sector. Natural resources which can generate power is the main reason Sri Lanka and most developing nations would collapse.
This is more factual and true than entire Western MSM combined. Kudos to Palki and her team for doing such a great job in journalism.
So you've checked all other western media combined? Impressive.😂
It’s not.
GOD BLESS YOU Palki Sharma !!!!!
We must hold all the dirty players within financial institutions accountable for predatory lending practices bribery influencing to these poor countries.
Bs , just stop spending
Predatory lending .... what about predatory gift giving such as 40 Billion worth of "aid" to perpetuate a war against Russia and impose sanctions which destroy mainly Europe.
u mean china? LOL
World bank warns debt crisis ...They would know ,you are right - Im sure it wont affect them at all.
( Or does it ? )
Go watch a documentary on how the World Bank strategically took over Zambian copper mines. Its called Stealing Africa. And the book "Diary of an Economic Hit Man".
Egypt and Lebanon always had financial problems
A muslim country with no natural resources cannot succeed - they are too rooted in their violent "religion".
Next will be Pakistan.
NUCLEAR WASTE = WAR PROFITS
@@Surrenderarmy we hope so 😜
Lebanon lost its image and status after it supported Hezbollah militants on its soil in the name of muslim brotherhood. Egypt is very much corrupt so nothing good could be expected
In Kenya, we simply got souled out by our leaders. The debt crisis now trickles down to our future generations. Very unfortunate.
Stop calling them leaders . Why does Kenya call politicians leaders? They are elected officials and civil servants.
Our authoritarian government in the US put us in debt we can never come out from under. There is no end in sight to the endless money printing that is going to put us in hyper inflation. Most of my fellow Americans are to dumb and think America could never fall.
@@GingerBreadMan76 Rightly put Sir... apparently, here in Kenya they are referred to as 'waheshimiwas' or if you wish 'leaders'. You could say its being brainwashed.
Expensive rail loans from China
In Kenya we vote based on tribalism, look at the people vying for presidency now. We'll never move forward because corruption is rooted to our core
As someone born in Mexico in the late 1980s, I didn't experience the economic chaos but my parents did. At some point inflation reached the three digits, prices increased by the hour. Absolute shambles. There are few fond memories from that decade for many in Latin America.
The 80’s had crushing interest rates . Barely was able to hold on to my home .
I had to sign an 18% mortgage back then , almost all of the payments went to interest fees . Took a very long time to whittle the principal down .
@@bdog4280 yes, but your down payment actually meant something. The high interest rates kept the prices of houses lower so your down payment had a bigger impact. That's why high interest rates encourage saving and low interest rates encourage debt.
STRICT LAW ON LOOTING
@@aecc035791 It's not that simple. But yes, high interest rate is a short term solution to forcibly curb demand.
Thanks for sharing. I felt like I was in an economics class. I am from Kenya. I have jotted down key points to raise to our incompetent leaders who care about their bellies and not the ordinary citizen. I am shocked and dumfounded by the stats especially in developing countries. Cry my beloved country!!
Stay strong my brother. I will pray for you, you will make it.
Well said Mr. Alan Paton.
like Sri Lanka Kenya's big families are fighting to remain in power... may God see us through
Eye Opener Reporting! Aatmanirbhar, Need base spending, Not to Over Borrow, Self control, Show off purchases and so on could be the way of saving one self / or a country from such mess....Love to Wion n Palki.. keep the good work going...
This lady explains the complex world of economics in the most simplest terms. I really enjoy watching her reports. She is one of the smartest people I know.
An incredible and eye opening analysis so very lucidly presented by one of the best presenters in the world as always in Palki Sharma. Keep being remarkable Palki Sharma. 👌
After listening to this revelation,I must admit that the most clear and transparent input is the narrator voice.
Oye tharkee
She's like a barking batch!
@@nishiowimalasuriya8548 Don’t showcase your accumulated frustration on digital media who ever you are ? If you can’t appreciate anyone, at least avoid your pathetic comments.
@@ranbirmalik1034 well the other presenters are far better .They don't shout my Tamil nadu friend!
I love WION and GRAVITAS. They bring the most unbiased media globally. They bring accurate informations on what is happening in the world, and send their messages as solutions for the people.
Can't agree. As an American, I hear a lot of bias against China. Also, WION information in not always accurate. Bloomberg News reported the ''Debt Trap'' is a myth. China's loans to SL are about 10%, and the rest owed to the West.
Actually they're pretty biased towards the West because they never tell you about the role the West plays in all this.
They are blind to the despot Putin and the genocide of the Ukrainian people. A lot of back-slapping for India but no reality checks.
@@patwalsh6400 it's the US that's using the Ukrainians for cannon fodder.
@@web-angel If that’s your level of “knowledge”, then I am sorry for you.
I recall the so called Asian Contagion of 1997 and the Russian debt default of 1998 extremely well. These seemingly remote events can trigger massive chain reactions in our intertwined financial systems very quickly.
Why is there no date on this broadcast?
Thank you GRAVITAS.
Magnificent narration. I am from Sri Lanka. Hope that our dammed politicians will learn from GRAVITAS. A magnificent service done, solely on good faith. RESPECT & THANK YOU.
The World Bank seems to be clueless, especially when it comes to Africa
The World Bank is a cornerstone of the Global Financial Mafia.
High Corruption, Low transparency and no proper data is the reason for the fall of Africa
@@kspradeep8397 you seem to be clueless also
Thanks for this update Palki on the many nations like Sri Lanka will fall due to morning debts and Economic crisis and the World Bank predicting nations unable to pay their debts. This is very disturbing for our planet. Keep up the good work Palki.
This Woman is talking crap that u want to see.
@@nishiowimalasuriya8548 How much did the rajapaksas pay you to defend their role in ruining a great country like Sri lanka? It's history dates back to more than 5000 years!.
but look at the w. countries they have enormous debts too not only far away ones
@@sweeta17 it depends on their foreign reserves. They have enormous debt but they have a lot of foreign reserves as well as their economy is capable to pay the debt.
@@nishiowimalasuriya8548 no that is truth and reality and that it will soon happen because everything will be wiped out just wait and watch.
Excellent reporting as always, My only complaint is- I was expecting an infographic when Palki said "we spoke to experts and compiled a roadmap" around 6:57 ?? Still Great work. Thank you!
Don't forget that 'corruption' played a big role in Sri Lanka to fall e.g. infrastructures like dead motorways, ghost ports, and giant stadiums being built to gain massive commissions. Even a child yet to be born is already a debtor whilst dopey Rajapakshas investing in Bitcoin, renowned hotels and foreign projects.
thats no different to other countries where goverments waste money on building etc and expenses cheating and more . but this is different from the general things
literally he sold SL to PRC..
Same in South Africa, even under black leadership we still blame Apartheid for everything
Corruption is the enemy of competition AND cooperation so that nothing sustainable, beneficial or viable can be instituted.
a country which is strong in Agriculture it wont fall
luckily india too has 4 types monsoon in noeth south east west regions ... one region gives hand to other in hard time ... theis stsnd as backbone to our nation 💐🙏🏻🇮🇳
Listen to me! We have to work together !!
Look at India inflation level middle class are suffering
@@Beaast007 I'm agreeing with you. It's BS! FJB!
Ukraine and Egypt being examples?
@@SeattlePioneer Egypt isn't strong Ukraine at war
The world bank is the problem.
Understand the monetary system.
"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."
- Henry Ford
There is a small chance you gonna be born in Finland, Sweeden, Netherlands, Belgium, Germany etc and live a decent life with opportunities and actually have a future. Be born in countries like Turkey,Greece, Balkans in general or African and most Asian countries and chances are your life is going to be torture just to put some food on the table.
Money is debt
Debt is money. NO MATTER FOR GOOD TIMES OR ILL.
Palki Sharma you rock. Short and crisp. You said it all 👍
I'm Latin American and we remember the 80 s cultural revolution with much nostalgia and happiness
Thanks guys. This news presenter has quickly become my favorite. I believe that what we are witnessing is the death throes of globalism. It's absurd for a country to move their manufacturing base to another country like we have in America. These types of crises will keep happening continuously until people go back to taking care of themselves. In Alabama, we are not seeing food shortages yet, but alot of people are stocking food in preparation. We are having problems finding canning jars for food preservation , and that's a problem for some of us.
Citizens in the US will not face economic hardships. The US has a surplus of oil as well as food. The US dollar is still the preeminent global currency. Yes, products and produce imported from elsewhere might be in short supply due to supply chain issues or problems at the source.
@@jarjarbinks3193 problem is Biden is depleting our oil reserves (more than half now) giving to Europe. He’s depleting our military equip reserves giving to Ukraine. He’s caused the shortages in oil by shutting them down & closing pipelines. He’s caused the food/goods shortages thru creating the energy crisis- on purpose for the Globalist’s Climate Change Agenda. He’s also creating the events to collapse the dollar. All this by his handlers = The Globalists. They want the WORLD to fall for their One World Govt or as they say New World Order. THEY SAY, “America will not be the superpower it once was, but a handful of countries will rule as one .” That will be the TEN new Kings controlled by the AntiChrist as outlined in scriptures. Book of Revelation.
@@jarjarbinks3193 , Soon the US dollar is going to be replaced by other currencies
@@jarjarbinks3193 I have witnessed the dumping of produce= hotel luggage carts stacked to the top=dumped into the dumpster, at a 99cent store. I was severely upset to see this happening. By the cases.
great insight by the very beautiful Palki Sharma - BTW here in Canada the price of energy (gas and diesel) has gone to more than $ 2 dollars a liter and even now it keeps climbing. We are in Trudeau's dictatorial hand thanks to NDP Jagmeet Singh - people are restless
Return to India.
Singh , Freeland and Trudo work for Schwab , the WEF and the NWO . They don’t care about Canadians at all .
@@ArchnaKapur There is no future in Canada now.
@@myleshagar9722 looks like there is no future anywhere .
@@ArchnaKapur how do you know if he's of Indian origin or not? 🤔
Great channel! Fantastic reporter.
Ms. Palki again she went all over the world. Third world countries are going through the same situation. Great report. Thank you for including lationaamerica.
In all developing countries the corruption is the main reason for this economic crisis. Authorities have stolen half of the sovereign debt, rest is used for projects which does not generate dollars, only to benefit their fellow contractors. Or where get some underarm deals.
I agree with you. But also colonialism, huge transnational corporations come in and pay corrupt government to pass one sided contracts which strip and steal the Natural resources while polluting environment and not paying any taxes, enslaving and putting peoples in debt through the imf and world bank.
You from 🇱🇰 ?
@@nightking8490 sadly yes
You stole this comment...
@Byron okay
King Solomon .. one of the richest Kings in ancient Israel said in Proverbs, " the borrower, is a slave to the lender."
Not much has changed in 2,800 yrs.
Actually it's the other way around. The lender is the slave of the borrower here in India atleast in the region where I live in TN. As a financier I have loaned quite a bit of money to some *+@$ # & s and they have not returned even a single rupe can't do a thing Have been running around for years.
@@sbabeau then u havent secured your loans with the proper collateral and agreements.
As a lender, u have the final say on any agreements that are signed. If u have entered an agreement that favours the borrower when they dont pay, the problem lies with u, the lender.
One of the main reasons Jesus never got involved with pay backs. Too many slaves nations naturally find their way into darkness, despair and eventual destruction either self-influenced or third-party.
My heart and thoughts are with all the people in this world, I pray this mess will be over soon and we all see the light at the end of the tunnel we the people in this world need and must stand together to get through these dark times
Egypt
Tunisia
Lebonan
Argentina
El savador
Peru
Kenya
South Africa
Turkey
These are just few example
These are major examples... Most likely to hit....
Maybe lets make another lockdown? 🤣😂 And fight against global warming ?
In Mauritius public dept has increased by almost ten times. Lots of projects which will bring nothing. The Rupees is depreciating very fast. Petrol prices have been increased........Anything can happen
Too much bling there.
Didn't Mauritius lived beyond its means for decades? A welfare state funded through debts. Seems like another Sri Lanka on its way, ironically both found in the same ocean.
Sorry to hear that. Hope u will recover
Love from Sri Lanka
Perhaps we are charting new territory.....
Excellent summary of worldwide financial statements. You neglected to mention the root cause of this manipulation of world financial services. The Privately owned Banks and lending institutions resulting therefrom. Cheers from Michael. Australia.
AND THE MEDIA FILTH. the 2 go hand in hand .WEF.
@@bilbobaggins3389 couldn't agree more, more people are waking up though
Love to Australia from England
EXACTLY 🎯 They pray on the weak and poor countries and operate operate in a similar way to loan sharks 🦈
and the sad part the elites are profiting from this turmoil
@@trustwithin7188
Well unless you can prove that a god exists, praying on other countries doesn't do a thing.
PALKI SARMA ANALYSIS IS EYE OPENING .
Lady , you have explained the situation perfectly , however the value of the USD is critical as most of these Loans are in USD .The Internal policies of some countries really affects the level of money to be repaid . The rising dollar is also a major factor in this crisis . Thanks for your insight , regards Sean
Don´t worry,, US will not get payed in dollar.
This is so huge. Each of us needs to pause and from the depths of your soul ask God to help all Earth children, especially with food security and health 🙏🏻🙏🏻🙏🏻🙏🏻
Asking god for help will be useless i mean just look around you the whole world is in chaos meanwhile god is taking nap
@@utsavmahajan6243 sorry you feel that way 😢
God isn't going to feed you or stop wars, wake up
Commendable analysis of debt situations with appropriate solutions, hatts off Wion and Palki mam
It is “hats”, not, “hatts”.
Dumb analysis. She doesn't know what she's talking about. News flash! India is next. Cheap Russian oil won't save you. Ha ha!
@Harley king Regardless, this channel has a propensity for seizing on any negative news emanating from other parts of the world and annunciating it to the tenth degree while willfully ignoring the complete incompetency of the Modi government and its inability to provide more than half of the Indian population will basic services.
@@countvan7406 This channel is just a mouthpiece of India. But even worse. They dont even show real news. Like that of galwan where 1000s of indian soldiers were caught. But they say it didnt happen..
@@countvan7406 maybe they are learning from how CNN supports Biden.
I love this newscaster! Such succinct commentary, spoken with courage.
The problem is our whole financial and banking system:
i. Our debt based system of money creation via the Central Bank - Government nexus.
ii. Fractional reserve lending - which further devalues every paper money.
iii. Unproductive welfare schemes that politicians create out of thin air by the above two - either borrow more money or create more schemes via reserve lending.
Best comments so far from this platform.
Especially the welfare schemes.
In Australia here nearly everyone are receiving welfare.
And these systems is responsible for high taxes with high cost of living here in Australia for the few who are working 👌👍💯
This is not a problem to them, its an opportunity to do a major meltdown of the world's economy so they can cause mass starvation and civil unrest while driving the prices on their sacred commodities through the roof. We are just a number and we are all being played. None of this is an accident or from inept leadership. This play has been planned out long ago. Suckers. People are easier to control when their on their knees. Global ethnic population control is here. Wake up. The elite have no reason to care about the peasant class corporate slaves they rule over and can dispose of us for any reason at any time, unless your strong enough to stop them. Stay ono your knees you will live a little longer. Says homeland security. You all have a very hard lesson to learn about the true sadistic behavior of the human plague. We are only worth what it costs to replace us. Whoever pays you is your master. Trillions will be looted from the civilian coffers and all it takes is a major war.
I wish more people would understand what you are saying.
Yes that is how one man is able to be worth 200 billion dollars, while another is living in a tent city. Making gains off of someone else's losses.
@@Siclone23 one man worth 200 billion is phony wealth, it's never a cash wealth, all the billionaires net worth is not cash net worth they are not richest man in the world, it's a myth.
Thank God Philippines has a lot of economic scholars that allowed it to survive from previous recessions. Education truly is the real wealth.
There me you're just one bored OFW.
Do u know the PH debt to GDP ratio has risen from 40% when Duterte came to office to 63% at present?
Did u understand what she said that there are 25 countries in this side of asia? Geez (roll eyes)
@PEDRO LIBAG who was consulted for the labor code? who designed the remittance system that Sri Lanka doesn't' have? OFWs? Do you think other countries have the same Foreign Civil Codes so they'll have opportunities overseas? Did the OFW created that system? Okay... I am grateful for them but the scholars who created those financial system was never appreciated.
Let's see.
1983 just called and wanted to wish you good luck with that
greed .....doesn't knows schoolers Kenyan leaders are walking us to a debt trap
Stuck to Gravitas from last two years cos of Palki and her excellent way of presentation.... Everything is so crisp and clear.... 😉🙂
Your username is evil. Please accept Jesus Christ so your sins may be forgiven for the hope of eternity.
Me too! I love Palki! 😍
Love this woman. She tells it like it is. Respect.