Category Archives: Chinese Control
from SBS News
A new report claims at least two secret Chinese ‘police service stations’ have been set up within Australia.
Safeguard Defenders, an international non-governmental group that works to promote the rule of law and protect basic rights, reported earlier this year that Chinese police centres had been established across the globe.
It said while the stations are primarily set up to conduct a series of seemingly administrative tasks to aid Chinese people overseas, some of the centres collaborated with Chinese police in order “to harass, threaten, intimidate and force targets to return to China for persecution”.
A follow-up report, released on 5 December, includes Australia as one of the countries that Chinese police jurisdictions have set up in.
As uncovered by the ABC in October, one of those contact points was in Sydney.
The new report states the Wenzhou police jurisdiction in China had set up a police service station in Sydney but also that the Nantong police jurisdiction had set up somewhere within Australia, but the location had not been confirmed.
The Safeguard Defenders’ September report identified 30 countries where Chinese police service stations had been established.
The follow-up investigation in December has now identified further police service stations, listing 102 across 53 countries, including nations in Europe, Central and South America, Asia and Africa.
Chinese authorities have previously said there are centres outside China run by local volunteers, not Chinese police officers, that aim to help Chinese citizens renew documents and offer other services that were disrupted due to the COVID-19 pandemic.
SBS News contacted the office of the China Ambassador in Australia on Sunday for comment but is yet to receive a response.
SBS News also put questions to the Australian Federal Police, who did not directly refer to the Safeguard Defenders reports but said the AFP was “aware of the media reports relating to these matters” though would not comment any further.
AFP Deputy Commissioner Investigations Reece Kershaw addressed the matter in a Senate Estimates hearing in November when he said he did not believe the Sydney “contact point” was active, without going into further detail on this or any other Chinese police presence within Australia.
What are the fears?
According to Safeguard Defenders, such stations are set up by police jurisdictions in areas where there are significant overseas Chinese communities.
The December report stated that while the centres are not directly run by central authorities, “some statements and policies are starting to show a clearer guidance from the central government in encouraging their establishment and policies”.
Safeguard Defenders has said while the stations are primarily set up to conduct a series of seemingly administrative tasks to aid overseas Chinese in their community of residence abroad, “they also serve a far more sinister and wholly illegal purpose”.
When releasing the September report, the organisation said the centres were “tracking and pursuing targets indicated by the local Public Security Bureau or Procuratorate in China”.
Safeguard Defenders also said Chinese police “persuaded” 230,000 claimed fugitives to return to China “voluntarily” between April 2021 and July 2022, while admitting not all the targets had committed any crime.
A new law recently adopted in China establishes full extra-territoriality over Chinese and foreigners globally for some specific crimes.
Researcher and journalist Vicky Xu, who has conducted extensive research on China’s “re-education” of its Uyghur minority, previously told SBS News the Chinese government and its supporters had harassed, targeted and intimidated her.
She said she’d been followed since moving to Australia and speaking out on human rights.
Ms Xu said supporters of the Chinese Communist Party (CCP) had attempted to silence criticism by scaring institutions from inviting journalists, researchers or analysts whose views of China did not align with its party line.
Deadly Dan cranks up the ‘Smart Cities’ cellular existence in Melbourne so he can have total control
Nothing much new for the New Age New York mob
Melbourne people love Dangerous Dan so we are sure this NWO concept will fit well for them.
Foreign Minister Penny Wong is in Beijing to mark the 50th anniversary of Australia-China diplomatic relations.
Senator Wong has been invited by the Chinese government to meet with her counterpart Wang Yi and hold the sixth Australia-China Foreign and Strategic Dialogue, which was last held in 2018.
She left for China on Tuesday, and return home by the end of the week.
Read more HERE
Penny Wong is an extraordinary national security risk
As much of the world’s attention is consumed by the implications of Xi Jinping’s more assertive China, there is a valuable lesson offered by an anniversary we commemorate this month.
…Whitlam held that it defied reason to ignore the political leaders of a quarter of the world’s population.
There will always be differences to manage in our leading Asian relationships, requiring calm, confident and consistent engagement.
He had begun a decisive shift in Australia’s world view, putting our region at the centre, alongside the multilateralism championed a generation earlier by Doc Evatt.
…FitzGerald recalls Whitlam did not approach “China in isolation but as part of a broad foreign policy idea, that Australia needed a relationship with Asia based on acceptance of it as our enduring international neighbourhood”.
…Many countries are seeking a demonstration from Beijing that nearly half a century after international recognition at the UN, it wants to be seen as a responsible international power.
But, ultimately, we should heed Allan Gyngell’s reminder that in all Whitlam’s “thinking about foreign policy he emphasised the need to face up to the realities of the world”.
It’s about honest assessments of our interests, and bold pursuit of them. It’s about facing the reality that while much of our history is in Europe, our home and our future are in the Indo-Pacific.
And it’s about recognising – as one of Whitlam’s successors, Paul Keating, said – that we need to find our security in Asia, not from Asia.
Read more HERE
Published on Sky News August 2022
Foreign Minister Penny Wong will be drooling her countrymen are set to buy these islands for a military base next to our sea lanes.
When n will she give this a mention in dispatches. Where are you Penny or Albo?
by Lyndesy Symonds
As some readers of CN might be aware the Fabian Socialist Masons hijacked their political parties and then, as a single Lodge, proceeded to hijack the sovereignty of Australia (under the 1901) when The Crown abdicated Australia as a colonial possession under UN General Assembly Resolution 1514 (XV) on decolonisation. NB – only European powers were required to abdicate, the Communist Bloc was never required to abdicated any colonies.
To take one example only, the Central African Federation of the UK was dismantled at the stroke of pen when The Crown abdicated from Northern Rhodesia and created Zambia (Oct 24 1964), Malawi (1964) Botswana (1966).
This was why the Crown Colony of Southern Rhodesia seized the nettle and announced their Declaration of Independence Nov 11 1965.
In Australia this transition of power was covert and the sovereignty recognized in the 1901 did not revert to the people for referendum as in Rhodesia, it was hijacked by the Masonic Lodge and registered as a corporate entity with the US Securities Exchange as a corporate entity. It is registered to the District of Columbia and the 2nd US Constitution as acknowledged by World Banker Karen Eudes when she remarked that the US has two Constitutions.
The 1787 Constitution for the United States did not revoke the 1775 69 Articles of The Uniform Code of Military Justice and the Executive Office remains the Commander in Chief of that Code as well as the President over the federal laws.
America’s war of independence was fought under the Declaration of Independence , the 1775 UCMJ, and The Articles of Confederation of the Second Continental Congress 1776 which were repealed when the Constitution of the United States was adopted (civilian law). The President thus presides over two jurisprudences as sources of law: one civilian and one military.
A second (fake) constitution was adopted by Masonic traitors in the pay of the Corporation of the City of London and its Crown for the District of Columbia – a foreign territory to the United States of the 1776 and the 1787. This is a legal standard of abrogation to the original Constitution for the United States. This is “United States Code Title 28, 3002 (15) (A) (B) THE UNITED STATES, A FEDERAL CORPORATION” (Feb. 21, 1871, 1871. Acts 41st Congress, Section 3, Session III)
This is the Constitution under which Australia is registered as a corporation: the phoney. As it happens this is the constitution and its governance that the Americans would very much like to see finished along with its foreign territory: the District of Columbia which is virtually a ‘city of London’ and sovereign state.
There has been a Communist coup d’etat in the US. Congressman Louis T McFadden And it is hell bent on configuring all US law to the fake constitution. In terms of law, however, one of the foundations of American law remains and that is the 69 articles of The Uniform Code of Military Justice – June 30 1775.
On the basis of law, the 69 Articles are the only code on which the Americans can bring Counter Revolution against DC and its civilian authorities owned by the central bankers and governed by their Council on Foreign Relations. These authorities are cited by office in the Congressional Record by Chairman of the US House Committee on Banking and Currency, Louis T MacFadden (Chairman: 1920-31). He accused the Federal Reserve Bank (a private interest) of building another regime called the United States of America and governed by its CFR.
With all the military operations currently in across the world – most obviously from the United [Communist] Nations, I would not rule out that the Americans have commenced Counter Revolution. These are the Americans who will be on the side of deregistration of Australia as a corporation on the US Securities Exchange and getting us back on the foundations of the 1901 as the appropriate source of law for the majority of Australians.
These are the Americans who will not be in favour of the Pacific as a colonial possession of the Chinese Communist Party. And they are under the military code. Biden is not the president of the US. He is probably a bot. He is there for entertainment and to keep the sheeple occupied with politics. We are talking about a majority of people who are going to comply with getting themselves injected with a medical experiment and allowing the public schools to castrate their children. The UN CoVID Regime currently on stage is educating both the US and Australian populations about Communist tyranny.
Meanwhile Revolutions and Counter Revolutions always come from the top down, never from the bottom up. Sovereignty might rest with the people, but power does not. The people can make a regime ungovernable but only the military can change a regime that is embedded and has its hands on the levers of power.
Behind the curtains of the political election and democracy theatre, major forces within the US government are getting to death grips behind the scenes. It looks to me like one of those forces is the American Counter Revolution in the military.
Why do I say this? April 20 2020, President Trump (as Commander in Chief under the Uniform Code of Military Justice) signed Executive Order 13919 which gave the Secretary of Defense the full authority to FEDERALLY activate the Army Reserve. Now the Army Reserve belongs to the sovereign states of the original constitution (not the USC 1871). And now they are being deployed internationally. This EO has never been rescinded as these forces were activated after Biden ‘took office’ in the Jan 6 diversion – the troops arrived in DC after the inauguration. If Biden were really the Commander in Chief he would have immediately rescinded that EO.
Trump is the Commander in Chief and I think Australians will have to reckon with the American decision that the CCP will not be permitted to make the Pacific and its nations into a CCP bloc and sphere of influence. ANZUS is regarded as a serious responsibility. Regardless of whether or not there are US bases on Australian land Australia as a Chinese colonial possession is going forward in the actions of the Australian Corporate Entity. Our Australian United [Communist] Nations CoVID regime government is making headway in the sale of both land and water rights to China. And they have put us on track for a Referendum next year that will be a de facto Constitutional Referendum with a view to extinguishing the 1901 as a source of law (jurisprudence) in Australia. The CCP will have no trouble at all governing behind Aboriginal Law.
Comes as no surprise with Australia being the 52nd state of America – lawfully
Letter to the Editor
Not content with fomenting war with Russia, Biden now proposes staging nuclear-armed B52s in Darwin, to force China to direct pre-emptive missiles at the eight American bases in the NT.
Four years ago, while researching for our MLA Yingiya Guyula, I intercepted plans by Oz Defence and Ratheon/LockheedMartin to install missile launching pads in North East Arnhem Land’s Gulkula region. Further research revealed that former PM Malcolm Fraser recognised the danger of being dragged into WWIII by the US… “who cannot be trusted” he said.
The US is doing nothing to defend Australia and everything to ensure we are attacked by China. That is the most stupid defence policy I have ever heard of. But then, Morrison and Albo are the dumbest PMs in Australia’s history.
At a meeting in Nhulunbuy, called jointly by phoney civilian aerospace organisation Equatorial Launch Australia (ELA) and Develop East Arnhem Land (DEAL), I raised the documented evidence of US defence involvement. The NT Government’s gopher Jim Rogers accused me of being a “conspiracy theorist”.
What is obvious is that Australia’s defense is now entirely run by the White House’s demented court jester and Australians are totally excluded from policy formulation. Here is the future military crisis scenario: The US, following the dictats of the 2015 Rand Report, will confront China. Sino ally, Singapore will immediately cancel our fuel imports and, with a national fuel reserve of 7 days, which should be 90 days, overnight, all bowsers will close and all food and other deliveries will cease. America will strike a Chinese aircraft carrier near Taiwan, and China will nuke all eight US installations in the NT, then others elsewhere in Australia. Capital cities will follow.
With communications down, electricity supply will soon cease. We will have gone from 21st century to stone-age overnight and millions will have been vaporised or be dying from radiation sickness. Three days later, starvation and disease will commence killing infants and old people, everywhere.
All because we let the Yanks take over our military. The US invader is now a bigger threat than mRNA. Time to fight for national sovereignty.
from Kev Moore
(Yicai Global) June 23 – Individuals from across China have been depositing as much as millions of Chinese yuan, equivalent to hundreds of thousands of US dollars, into accounts in central Henan province’s rarely heard-of rural banks. Third-party platforms run by Chinese internet and fintech giants such as Baidu, JD.com and Lufax are playing an important role in guiding the funds to these lenders, which offer an above-average interest rate.
Yuzhou Xin Minsheng Village Bank, Shangcai Huimin Village Bank, Zhecheng Huanghuai Community Bank, and the New Oriental Country Bank of Kaifeng all came to the public eye recently after a number of depositors were unable to withdraw cash as their Covid-19 health codes inexplicably turned red, preventing them from leaving their homes. This sparked an investigation into an organization called New Wealth Group whose owner has stakes in the four banks. (Read more about New Wealth Group: https://www.yicaiglobal.com/news/henan-police-probe-new-wealth-gang-after-bank-clients-covid-codes-turned-red)
Funds are being directed to these four banks through over 30 third-party channels, such as Baidu’s DuXiaoman Financial, JD.Com’s JD Digits, Ping An Insurance (Group)’s Koudai Bank, Trip.Com’s Ctrip Finance, smartphone makers’ e-wallets, such as Xiaomi Finance and Oppo Wallet and internet financial platforms Binhai (Tianjin) Financial Assets Exchange and Lufax Holding, according to documents from these banks. And several depositors told Yicai Global, that they are offering rates of around 5 percent a year, much higher than most banks.
Third-party platforms must have a financial license in order to sell wealth management products, but there is no such requirement for selling deposit products, where they mainly play an introductory role.
Some platforms, such as JD Digits, charge an introductory fee per client. But most, including DuXiaoman and Lufax, charge a proportion of the deposits, an ex-employee of a third-party platform told Yicai Global.
Wang Feng and her family had deposited more than CNY600,000 (USD89,781) in the four Henan banks as of December 2020, she told Yicai Global. They bought five-year fixed-term deposits through DuXiaoman at an annual interest rate of 4.8 percent which are protected by a ‘deposit insurance,’ she added. According to Chinese law, deposits of over CNY500,000 in a single account are covered by deposit insurance and can be fully redeemed.
Wei An deposited CNY100,000 (USD15,000) in Shangcai Huimin Village Bank through a wealth management platform Wacaibao. His savings, though, stopped bearing interest from May 29. “There is no reason to be concerned,” the app’s customer service responded. “Wacaibao has penned cooperation agreements with the bank, and all savings products are protected by the country’s laws and deposit insurance.”
Since 2020,Minsheng Village Bank, Huimin Village Bank, Zhecheng Huanghuai Community Bank, and Anhui province-based Guzhen New River Huai Village and Township Bank connected with Du Xiaoman, JD Digits, Binhai FAE and other internet-based financial platforms through a liaison platform called Junzheng Zhida.
Yuzhou Xin Minsheng Village Bank, Shangcai Huimin Village Bank, Zhecheng Huanghuai Community Bank and the New Oriental Country Bank of Kaifeng each announced on June 20 that they will ‘start online registration of clients from now on to conform with requirements by financial authorities’ in an effort to offer more transparency.
Last January, the financial regulator stipulated that lenders must not sell fixed-term deposits on non-self-operated online platforms” and “those products that had already been sold before the new ruling was issued will be discontinued once they are due,” Liu Anbang, partner of DeHeng Law Offices, told Yicai Global. Third-party platforms’ liability, should they be found to have defrauded depositors or participated in the unlawful collection of public funds, will be determined based on the role they played.
If New Wealth is found guilty of illegally seizing public deposits, the money will be frozen and returned to depositors, although there is a risk that they might not get their money back, Liu said.
(Names have been changed to protect the person’s identity)
Editors: Chen Juan, Kim Taylor
Labor Prime Ministerial aspirants never had a real job but want to run Australia – God help us if that happens
Anthony Norman Albanese born 2 March 1963) is an Australian politician serving as Leader of the Opposition and leader of the Australian Labor Party (ALP) since 2019. He has been member of parliament (MP) for the division of Grayndler since 1996. Albanese was deputy prime minister of Australia under the second Rudd Government in 2013 and a Cabinet Minister in the Rudd and Gillard Governments from 2007 to 2013.
Albanese was born in Sydney and attended St Mary’s Cathedral College, before going on to the University of Sydney to study economics. He joined the Labor Party as a student, and before entering parliament worked as a party official and research officer. Albanese was elected to the House of Representatives at the 1996 election, winning the seat of Grayndler in New South Wales. He was first appointed to the Shadow Cabinet in 2001 and went on to serve in a number of roles, eventually becoming Manager of Opposition Business in 2006.
After completing his economics degree, Albanese took on a role as research officer to the then-Minister for Local Government andAdministrative Services, Tom Uren, who would become a mentor to him. In 1989, the position of Assistant General Secretary of the New South Wales branch of the Labor Party became vacant when John Faulkner was elected to the Senate. The election to replace him was closely disputed between the Labor Left’s Hard Left and Soft Left groupings, with Albanese being elected with the backing of the Hard Left, taking on that role for the next six years. In 1995, he left the position to work as a senior adviser to New South Wales PremierBob Carr.
Solicitor Richard Marles was elected to Federal Parliament as the Member for Corio in November 2007.
Marles is the Deputy Leader of the Australian Labor Party, Shadow Minister for National Reconstruction, Employment, Skills and Small Business, and Shadow Minister for Science.
Born and raised in Geelong, Marles is an avid Geelong Cats fan. Marles was educated at Geelong Grammar School and has an LLB (Hons) and BSc from Melbourne University.
He began his career with Labor legal firm Slater and Gordon. In 1998, he became Federal Assistant Secretary of the Transport Workers’ Union where he was responsible for bargaining with national transport companies and managing the union’s activities in the Australian Industrial Relations Commission.
In 2000, he became Assistant Secretary of the ACTU and ran the Working Hours Case, which gave workers the right, for the first time, to refuse unreasonable amounts of overtime.
Marles was a member of the National Occupational Health and Safety Commission and led the ACTU’s work on OHS. Richard also led an innovative program of co-operation between the Australian and Papua New Guinea union movements.
During the Rudd-Gillard Governments, he served as Minister for Trade, Parliamentary Secretary for Pacific Island Affairs, Parliamentary Secretary for Foreign Affairs and Parliamentary Secretary for Innovation and Industry.
He lives in Geelong with his wife Rachel and has four children.
by Alison Ryan
In World War II, UK, USA, and Soviet Russia, teamed up as the Axis powers against Germany. Soviet Russia was then under Stalin’s international Marxist–Leninist movement.
In the end, UK and USA were outwitted by Stalin, and condemned Eastern Europe to years of Soviet domination.
Likewise, almost solely responsible for China’s ascendant rise as a world power came from the impact of the Rockerfeller/ Trilateral Commission policy of 1979. The West aided the technocratic development of Communist China.
China has become a super power. And the globalist policies have come back to bite us in Australia.
It is the AUSTRALIAN politicians who have sold Australia out to overseas buyers with the help of corporations.
How can we as Australians complain about China when politicians have endorsed and mismanaged our economy? How can this be restored? Surely we can negotiate with diplomacy and good will towards our neighbours?
We need to have dedicated politicians loyal to Australia’s sovereignity in Parliament, and good economic advisers.
In October 2015, the Chinese-owned Landbridge Group won the bid for a lease of Port Darwin. The then COUNTRY LIBERAL – controlled Northern Territory Government under then Chief Minister Adam Giles granted the company a 99-year lease for A$506 million
China Investment Corp owns 14 per cent of the East Link Freeway in Melbourne and 20 per cent of the Port of Melbourne.
The Port of Newcastle was owned since 2014 by China. It has been privately owned since 2014 by The Infrastructure Fund and China Merchants Port Holdings Company (CMPorts).
WHICH COUNTRIES INVEST IN AUSTRALIA?
The United States and United Kingdom are the biggest investors in Australia, followed by Belgium, Japan and Hong Kong (SAR of China).
China is our ninth largest foreign investor, with 2.0 per cent of the total. However, the levels of Hong Kong (SAR of China) and Chinese investment in Australia have grown significantly over the past decade.
What Australian companies are owned by China?
Construction and materials
Atlas Arteria, roads and infrastructure.
Leighton Asia (ASX: CM), infrastructure contractor.
Lendlease (ASX: LLC), infrastructure.
Woods Bagot, architecture consulting.
Source: Australian companies in China – Wikipedia
IN THE DECADE TO 2020 – according to ATO Register of Foreign Ownership of agricultural Land. Foreign ownership of land in Australia shows 26.2% is in Tasmania, NT has 25.8%, WA has 17%, Qld has 11.8%, NSW has 5.1%, Vic has 5.6%, SA has 10.7%
Global investment powers Australian mining, manufacturing and finance. Some figures of
Foreign Direct Investment (FDI):
35.3% of FDI (worth A$360 billion) is invested in our mining industries.
12.9% of FDI (worth A$131 billion) in invested in Australian manufacturing.
11.1% of FDI (worth A$113 billion) is invested in financial services and insurance.
The European Union (EU) and North America have contributed almost half of all the FDI to arrive on Australian shores over the past decade.
The UK remains a major investor in Australia. Japan and the UK have jostled for second place over the past decade.
China is now Australia’s sixth largest direct investor .
FDI from other Asian economies in the decade to 2020 show:
investment from ASEAN countries (including Singapore) rose by 9% per year
investment from Hong Kong by rose by 10% per year
investment from Korea rose by 15% per year.
FOREIGN HELD WATER ENTITLEMENTS
About 10.9 per cent of water entitlements on issue in Australia were owned by foreign persons (as defined in the Foreign Acquisitions and Takeovers Act 1975) at 30 June
By country, the top three sources of investment at 30 June 2020 were:
• Canada, with 1.8 per cent of the total volume of Australian water entitlements
(16.2 per cent of the volume of foreign-held water entitlements)
• China, with 1.7 per cent of total entitlements (15.4 per cent by volume)
• USA, with 1.7 per cent of total entitlements (15.4 per cent by volume).
Source: Inquiry Report – Register of Foreign owned Water Entitlements
Canada is the foreign nation that holds the most overseas-owned Australian water, ahead of China, USA and the UK. Water is able to be owned because the water reforms over the past 30 years have supported the development of markets for water.16 Aug 2021
China owns 1.9 per cent of Australia’s water, which is the equivalent of one and a half Sydney Harbours worth (pictured on June 20).
Just over half of all water entitlements on the issue in Australia are located in the Murray-Darling Basin. Of this, 9.4%, or 1800GL, are foreign-owned.
Labor and Liberals have allowed China to establish a substantial beachhead in WA which would allow CCP fighter jets from an aircraft carrier to land and be re-fuelled for military action against Australia.
Letter to the Editor
Sri Lanka – a national crisis or an example of a future that is to come for all nations in dependence and “global” debt?
“A few years ago, Sri Lanka had a booming tourism industry and promising infrastructure projects that made global headlines. Now the country is broke.
With more than $50 billion (€46 billion) in external debt and a shortage of foreign exchange reserves, the country is currently struggling to pay for essential imports. This has led to sharp increases in the price of essential commodities like rice, fuel, and milk. A fuel shortage recently left much of the country suffering through a 13-hour power cut.”
Sri Lanka after a two decade long civil war and a tsunami that financially and tragically uprooted the tropical gem of the commonwealth of nations, China approached the corrupt political SL crime family with “lending a helping hand” in exchange for a 99 year long lease and several projects to improve SL infrastructure and become an international hub on China’s belt and road.
“China holds a significant portion of Sri Lanka’s total foreign debt, nearly 10%, with more held by Japan, the World Bank and the Asian Development Bank. India holds nearly 3%.
Regional powers India and China have been competing with each other to gain a foothold in the strategic island nation. Sri Lanka is a critical link for China in their Belt and Road global infrastructure projects. For India, Sri Lanka is a geo-politically significant country.”
Geo-politically significant for INDIA also includes massive unclaimed natural gas reserves located in the north/east of Sri Lankan territory bordering Indian waters. The real cause of the Tamil independence movement that brought a two decade long “civil and religious” war. India of cause had its own interest in the conflict and sponsored one side of the war that killed or replaced 250000 Sri Lankans over ¼ of a century. 50000 service men and approx 100000 civilians died.
When Covid arrived in Sri Lanka, with it came the usual governmental opportunity of corruption and “skimming” of Governmental tax payer and credit funded national funds.
“Poor leadership, pilferage, and criminal activities during “Covid” were conducted in conjunction with the SL health department and the military. During deals made by Government officials, personal “negotiator” profits rose between 10% to 90% on deals made in foreign currencies, concerning the importation of WHO approved vaccines. Besides using ineffective vaccines (against new variants), the military, police and health department coerced vaccination to expand profits and, as per unconfirmed claims, to use up expired vaccines which was unethical and violated the SL constitution and the Nuremberg Code of ethics.”
“The newly appointed Minister of Finance, Ali Sabry, whose expertise is in law and not in economics or finance, expressed premature optimism about the country’s economic revival after returning from his team’s discussion with IMF officials in Washington. According to him the financial and economic difficulties facing the nation would be overcome in a month’s time with “soaring support” from international bodies and friendly nations. While everyone wishes that to be true, one fails to see any hard evidence for such a prospect.
It is true that the minister and his company had a fruitful discussion with IMF officials, and there was agreement on the mechanism of IMF’s suggested pathway to achieve some sort of economic stability. Among its recommendations are tight monetary policy to counter escalating inflation, flexible exchange rates to reduce currency speculation and rupee depreciation, and higher taxes to improve government revenue. The first two are within the powers of the Central Bank and they have a short lag time in impacting market activities. But the third is a budgetary measure that has to be legislated through parliament. Given the state of political anarchy prevailing in the country it will take some time for the parliament, government and the presidency to put their acts together to repair the damage they have collectively caused to the economy.
While the minister is raising false hopes to save the tottering regime, ground reality is injecting more and more pessimism and desperation. There is no end to the long consumer queues in front of retail outlets to buy a few essentials and those queues are getting longer and longer. An eighth victim has been reported to have died while waiting to buy kerosine. There is scarcity in every possible consumer item and even the little available in the market is sold at exorbitant prices. Starvation, which never visited Sri Lanka in the past, is now knocking at the doors of thousands of households.
The problems facing the country are too many and too complex and they need a new system and a new approach. This appears to have been understood by the new generation of Sri Lankans who are not prepared to drink any more of the old wine served in new glasses. Aragalaya represents this hard truth. This generation understands what its rights are in a democracy, and how those rights of their parents and grandparents were trampled by political regimes that represented particular group interests.”
There is only one world that is plagued by one and the same problem. Political regimes that represent interests of foreign groups and trample on and despise their own citizens and voters alike.