Thursday, July 14, 2022

They thrive on support.

At last, "Gotabaya Rajapaksa has resigned as president of Sri Lanka after fleeing to Singapore in the face of mass protests at home over his rule. He is believed to have wanted to leave Sri Lanka before stepping down in order to avoid the possibility of arrest under a new administration." BBC. "Gotabaya was believed to hold dual citizenship of Sri Lanka and the US, where he worked as an IT professional." The Print. He claims to have given up US citizenship to become eligible to be elected President of Sri Lanka but this has not been confirmed by the US State Department. The Hindu newspaper has reported that Gotabaya has been denied a visa to travel to the US. The US Embassy in Colombo has not confirmed that report. His brother Basil Rajapaksa haughtily refused to give up his US citizenship even as he took up his seat as member of parliament. Colombo Telegraph. Gotabaya's net worth is estimated at $10 million, Jagran Josh. "Protesters discovered 17.85 million rupees (about $50,000) in crisp new banknotes but turned them over to police following Saturday's storming of the Presidential palace." TNIE. Poor starving Sri Lankans proved to be so much more honest than the greedy treacherous Rajapaksas. However, the real claim to fame for Gotabaya was the massacre of 40,000-75,000 Sri Lankan Tamils to end the decades-long civil war. HT. That made him a cult hero for the majority Buddhist Sinhalese. The majority of Tamils were Hindus. Ultimately, it was the economy that ended Gotabaya's status as hero. "Many of Sri Lanka's 22 million people are facing acute shortages of food, fuel and medicine as the island nation finds itself battling one of the worst economic crises since it became independent in 1948." DW. "India has extended a support of $3.8 billion", "A $400-million currency swap with the Reserve Bank of India was extended by three months in April," as well as 400 metric tonnes (MT) of urea, 25 tonnes of drugs and medical supplies, 1,600 MT of rice and 400,000 tonnes of fuel. News18. Sri Lanka's economy from 2000 to 2020 is interesting. "In 2001, there was a sharp nosedive into negative territory with minus 7.55 percent and minus 5.75 percent in 2013, followed by minus 5.82 percent in 2020. The peak growth rate was a modest 5.51 percent in 2003 and 4.48 percent. The other years which recorded growth ranged below two percent." DH. "Meanwhile, along with Sri Lanka, Argentina, Venezuela, Zambia and others have also defaulted and many more are likely to follow, with a visible Chinese connection." India Today. "There are many developing countries, including Pakistan, which confront a similar predicament." Dawn. "Foreign exchange reserves are fast depleting. The country needs some urgent help for its external debt-servicing obligations that are projected to be $23bn in 2022-23." Shows how the unscrupulous thrive in democracies. People keep voting for scoundrels. India strongly favors Sedition Law enacted in 1860 to protect Queen Victoria from any criticism. We are safe from protests.  

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