tv The Cost of Everything RT December 22, 2022 5:30pm-5:46pm EST
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a, with the joggers archipelago home that she goes to san diego garcia, the largest island in the archipelago is now the location of a very large u. s. military base. you could go the med, give out to the u. s. government to make a military base. and just deported or just send people from their country. so they call it returned back on the island. no, but we are fighting. that's what i'm fight real fast thing for the right. so
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i, we do not consider the right to self determination actually applies to the trickle . since i don't the question of self determination, the legal advice we have received is actually the trickle. since we're not at all, not a people for me, it's time to move on and see what we can do for the congress said committee to return back home. there is no support from the united nation. i commissioned united nish. i don't care about chug or send people what we've got to do is identify the threats that we have. it's crazy conform station, let it be an arms race is often very dramatic involvement. only mostly i'm going to resist. i don't see how that strategy will be successful, very critical arm time to sit down and talk
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lou for 4 months protesters called for new leadership as for longest, filed into a devastating economic crisis. the nation endured months of double digit inflation, rolling power blackouts, and severe shortages and food and medicine. long as forum reserves are depleted to a point that it can no longer afford to pay for a central imports as the country defaulted for the 1st time in its history. so how did i get here, and what are the repercussions? i'm christy i and you're watching the cost of everything. ah, so how this gridlock i get to this critical point? well, there's a combination of compounding factors like money creation,
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unaffordable tax cuts, a nationwide policy shift to organic or biological farming cobra, which clots is tours on trade and economic mismanagement. it's hard to really pinpoint the blame when it's really just a cascade of events. the government now lack sufficient warm reserves to pay for fuel and other key imports. and as we discussed previously, fuel is the literal life, blood of nations and powers. everything from industry to basic heating and keeping the life on at home. for long as also a trade dependent economy and the country is very few dynamic exports and the global price and supply side shocks have really disrupted the sectors severely. for instance, for longest textile factories where once considered vibrant and promising. but now the whole industry has come to a halt because of power cuts, and to top it off, the government's policies of tax cuts in 2019 and unsustainable welfare measures,
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deprived the treasury of billions of rupees. to finance the resulting fiscal deficit, the government went on on money printing spree, heating up the economy, and exerting downward pressure on the ruby. and for more on this, we bring you a sancho. we just think research fellow at the institute for policy studies in sri lanka. so what brought through longer to this crisis in the 1st place? how did it run out of foreign reserves? if you look at the root cause, the sofa described, we need to go back in history because after the independent film and i was experienced into kind so deficient when was the trade deficit or the the budget and then we had to finance
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deficient 1st. it was muslim, bilateral. don't like the berries club, don't us. and the friendly nation flake, india. but around after 2 doesn't started to bear. okay. really. from the international capital. my me call them as the international. so i didn't do those. i think 2009 to 2018 a period to cover on the road. 14000000000 u. s. b, in the phone are so short to make sure i know so high and low then came the korea 19 reduced our returns into the country and also totally why these 2 are you don't,
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it doesn't 18 for long and about 4500000000 in tours but do 1021. it was just less than 1000000000. so distinct effect for proficient, i know doesn't go into one and 2022. we had previously low for in green. so rejected the input so for essential comedy and government tried to maintain artificially low rate though for him refocused depleted financially for longer. government had to let it go. so the great deck was that way about 80
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more than 80 both in in d. c. a so this is the situation right now by a real into it to go ahead to suspend all the extent that payment it is. it can reconsider that it's the default supervision. so these days longer government be involved in negotiation with the credit. ready for their to start because possible i am, if the bailout is going to be contingent on the lead to restructuring process. and now are there any other follow effects of this crisis, or is this isolated to sca longer here? are there any knock on effects or any other nations we can see
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because he gives us of this financial crisis in the domestic economy. a few things. the shortage if you need a good feel and if not in a position to finance the as usual for example, the cbs and the cooking gas shortage. but right now is kind of east because the government views in rationing it is getting really well right now. so people have a feel for day to day activities though it is not like before. and the same thing is if anything goes it couldn't get however, they are a lot of input controls in effect feeling i cannot in
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the boat. so when he goes is bad. right now, and you in the lot of important full days in the economy and then industrial like construction industry, if africa, because it's crazy. mainly due to the boats condo. and if i know most of you the high inflation rate, we didn't do it that they didn't fund inclusion if they're really high, especially i think didn't last month,
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the consumer price index, it was like 9 to one year. right. so it's about 9 different this crisis may not affect the other countries, like there will be no contingency. because like if a small economy takes about $80000000.00 u. s. economy. so there will be no fee via contagious effect on the economy. like go trading or not trading. so the credit to the only any that lender credit you may affect? yeah, they're going to be our credited to our credit to some countries like china, india, depth and they have a really bright loan to our country land.
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these are really big economy, so i think the amount of loans are added to feel like that may not affect the economy. you wouldn't do the, i will be a, some delays in m and a especially if i did turn will be a good upper school and the say bought, i mean some of the lower and real time to be big. but i think it is about do less than 2 individually. i think the government intention is to restructure about 10000000 of by let alone then 9000000000
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international. so thank you so much for coming on a sancho. we to think research fellow at the institute for policy studies and sco longer, longer has been heavily reliant on credit lines advanced by a neighbor india to purchase fuel in recent months. but now the government is struggling to secure fresh fuel shipments to replenish stockpiles, as banks are reluctant to accept letters of credit when there's already $700000000.00 in overdue payments. the rapid decline of the countries middle class has plunged the country further into turmoil. the middle class is no longer able to maintain their consumption, which is a pretty big problem in a country where consumers spend a makes up 70 percent of its g d p. and when we come back, are we witnessing the worst economic crisis in so long as history? and so what countries are extending a hand to the asian country and at what price will have everything for the brain?
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the lou ah ah. in 1834 france invaded algeria, and straight away the french started inhabiting it to strengthen their position. the colonists known as b a. no ours took the best land from day one. the local population was put into an unequal position and was brutally exploited. this caused mass discontent. the people of algeria began their long term fight for independence. in 1954,
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the banner of freedom was raised by the national liberation front. a guerrilla war against the occupants broke out. the french tried to suppress to rebellion using cruel measures. full villages were wiped out packs of georgia and executions of civil people, including pregnant women children and old people took place more than 2000000 people were put into concentration camps. however, these punitive measures didn't help the algerian patriots managed to induce france the start fees, negotiation. in 1962, evian records were signed, voting algeria on the past towards independence. but this was achieved at a colossal price. algeria by rights is considered to be a country of martyrs. according to the calculations of historians, the french colonists are responsible for the deaths of one and
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a half 1000000 algerians. ah, ah . oh, look forward to talking to you all. that technology should work for people. a robot must obey the orders given by human beings, except where such order would conflict with the 1st law show your identification. we should be very careful about official intelligence at the point, obviously used to race trust or rather than fear. i would like to take on various jobs with artificial intelligence. real summoning with
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a robot must return his phone existence with ah, we are witnessing the worst economic crisis and for long as history since its independence. and now the economy has collapsed and the country has run out of the money and it needs to import essentials. so what constitutes as an essential, we're talking about basic items here, things like fuel, food and fertilizer. crop yields are shrinking from the lack of fertilizer which will spin off into a serious food crisis in a recent assessment by the you and food and agriculture organization. 6.3000000.
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