Why the disparity between the 1 Trillion Yen I said, and the 500 billion currently in news? Here's why.

pavanruka

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  • Mar 17, 2015
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    LRT is already over the feasibility, impact assessment stage bro. It was about to start construction when the plug got pulled off. We should just assume that conditions are same and just start back from where it was stopped. Hopefully with minimal reassessments. (which are mostly just dumb red tapes to satisfy no one)

    There's still no official news. But that will be coming in the days ahead. When it does, you'll find it even without my help. These threads are sort of spoiler alerts. 😊

    Well, in that case let's not get too excited, until it's official. Otherwise it'll be like the proverbial "ganga hath gavvak thiyeddi amude gahuva". But remember, we all want it to happen just as you said. :-)
     
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    Indrajith Gamage

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    Well, in that case let's not get too excited, until it's official. Otherwise it'll be like the proverbial "ganga hath gavvak thiyeddi amude gahuva". But remember, we all want it to happen just as you said. :-)
    Of course bro. Have it with a pinch of salt. However, if someone is hoarding dollars with the expectation that they'll be able to convert at a higher price, that's a huge mistake. My threads were originally a notice to them. They'll never be able to sell it higher. This rate is stupendously inflated like the vegetable prices under කාබනික rule. It's not the actual demand supply thing at all.

    So perhaps it's better to sell and move into other assets now. Don't get caught with pants down when the official news comes, everyone starts dumping and rate crashes. Take a leap of faith while the water level is high enough, because the swimming pool is already draining. 😜

    Sri Lanka already has these two and both are not using their full functionality as well. Why the fuck do we need another one?
    Really? සපුගස්කන්ද is a pipe leaking, rusting load of fuck that can only refine heavy and sour crude from like Iran or so. Even at full capacity, it can't supply even 50% of the country. While in full capacity, it produces so much of useless by products that it has become easier to import refined fuel at higher prices than finding places to store that rubbish. It's closed for months on end now anyway.

    It was built by Iran of all places, when we were still a dominion of UK and in a beautiful year that the Baiyas will be proud of. 😉😂 It just emits out valuable stuff like hydrogen, methane that we can otherwise compress and use. It also burns off all the sulfer in the crude, which is a valuable byproduct we could use for sulphuric acid production.

    If Sri Lanka has a nice, 21st century oil refinery that produces actually usable fuels from a wide range of crude types, and preserves the valuable byproducts like hydrogen, methane, sulfer, and more importantly, runs efficiently without wasting crude, we can make it a money printing machine. We can produce immediately resellable products like av gas and bunker oil right here and sell for dollars at the ports and airports, instead of having to import those as well. Same goes for other stuff. There's a reason that every country tries to process their own crude instead of buying refined fuel. 👍
    ------ Post added on May 14, 2022 at 11:51 PM
     
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    cuteoz

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  • Jan 29, 2009
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    Of course bro. Have it with a pinch of salt. However, if someone is hoarding dollars with the expectation that they'll be able to convert at a higher price, that's a huge mistake. My threads were originally a notice to them. They'll never be able to sell it higher. This rate is stupendously inflated like the vegetable prices under කාබනික rule. It's not the actual demand supply thing at all.

    So perhaps it's better to sell and move into other assets now. Don't get caught with pants down when the official news comes, everyone starts dumping and rate crashes. Take a leap of faith while the water level is high enough, because the swimming pool is already draining. 😜
    people want stability, the central bank or its rulers have shown nothing keen in protecting the peoples values, right now it's a boost in speculation, until its materialistically happening, then it would be beneficial for everyone, even normal people like you and me, would invest in Dollars or Lands, or Gold, because we have lost faith in the government and its policies, the government has been lying all the time, from giving volkswagen to giving butter talk, we as people should prepare ourselves, thats what most people do, its not like that they want to hoard dollars or they want to profit out of anything, they want stability, holding onto Rupees, and the next week it gains by rs 10, means they would be losing, even after losing 70% of its value, people want stability to know that they will be alright, unfortunately with the news even stating that it'll go lower, is breaking peoples faith and everything is very volatile, this is not the stock market, this is peoples lives, peoples hard earned money, the government and people who are encouraging are playing with.
     

    Indrajith Gamage

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    people want stability, the central bank or its rulers have shown nothing keen in protecting the peoples values, right now it's a boost in speculation, until its materialistically happening, then it would be beneficial for everyone, even normal people like you and me, would invest in Dollars or Lands, or Gold, because we have lost faith in the government and its policies, the government has been lying all the time, from giving volkswagen to giving butter talk, we as people should prepare ourselves, thats what most people do, its not like that they want to hoard dollars or they want to profit out of anything, they want stability, holding onto Rupees, and the next week it gains by rs 10, means they would be losing, even after losing 70% of its value, people want stability to know that they will be alright, unfortunately with the news even stating that it'll go lower, is breaking peoples faith and everything is very volatile, this is not the stock market, this is peoples lives, peoples hard earned money, the government and people who are encouraging are playing with.
    This is the huge issue of having idiots at the top bro. Trust and stability is so important than anything else. More people trying to have security in an otherwise situation directly widens the problem. This is the same with උන්ඩියල් and bank runs. People try to get higher and higher prices but they forget that their own money gets worse day by day. If everyone was stupid and didn't try to stabilize themselves, the country would actually do better, and by extension, people themselves.

    So what has to be done is utilize law, create ACTUAL TRUST, get people behind your decisions, and try to make the cynicals hopefuls. Slowly we can move out of the problem. 😊
     

    kasunkaru

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  • Jan 25, 2018
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    This is the huge issue of having idiots at the top bro. Trust and stability is so important than anything else. More people trying to have security in an otherwise situation directly widens the problem. This is the same with උන්ඩියල් and bank runs. People try to get higher and higher prices but they forget that their own money gets worse day by day. If everyone was stupid and didn't try to stabilize themselves, the country would actually do better, and by extension, people themselves.

    So what has to be done is utilize law, create ACTUAL TRUST, get people behind your decisions, and try to make the cynicals hopefuls. Slowly we can move out of the problem. 😊
    oka tamai man mula indan kiwe undial walin dollar maru karala polim nati wenne naa :ROFLMAO: :ROFLMAO: 💪
     

    pavanruka

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  • Mar 17, 2015
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    Of course bro. Have it with a pinch of salt. However, if someone is hoarding dollars with the expectation that they'll be able to convert at a higher price, that's a huge mistake. My threads were originally a notice to them. They'll never be able to sell it higher. This rate is stupendously inflated like the vegetable prices under කාබනික rule. It's not the actual demand supply thing at all.

    So perhaps it's better to sell and move into other assets now. Don't get caught with pants down when the official news comes, everyone starts dumping and rate crashes. Take a leap of faith while the water level is high enough, because the swimming pool is already draining. 😜


    (y)
     

    cuteoz

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  • Jan 29, 2009
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    This is the huge issue of having idiots at the top bro. Trust and stability is so important than anything else. More people trying to have security in an otherwise situation directly widens the problem. This is the same with උන්ඩියල් and bank runs. People try to get higher and higher prices but they forget that their own money gets worse day by day. If everyone was stupid and didn't try to stabilize themselves, the country would actually do better, and by extension, people themselves.

    So what has to be done is utilize law, create ACTUAL TRUST, get people behind your decisions, and try to make the cynicals hopefuls. Slowly we can move out of the problem. 😊
    your input is very valuable, but we as people are very betrayed, we have lost our dreams, everything is a black market in Sri Lanka now, from buying gas, to a higher rate, thinking they may provide us gas with, staying in ques to obtain fuel, highly inflated vehicle prices to bicycle prices, we believed in the Sri Lankan government would protect the economy, and protect people's lives, by making things stable, but the reality is that Sri Lanka and it's people just lost faith in the government, which is why people have moved onto the black market, just like venezuela, just like argentina, lebanon and nearly hyperinflation countries, the government is responsible for people to ruin there lives, by making Sri Lanka this way, people have lost confidence in the government, the loans from Japan I hope will put into good use, but we also seem to print trillions of rupees to pay for salaries, whatever we lose in trying to protect our assets (gold, $ purchases, etc), we will give back to the country, but as of now, we have lost total confidence, and because of this, we too have tried to convert our savings to a more stable investment, as keeping rupees is losing its value as we speak.
     

    Kitkitkit

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  • Nov 11, 2021
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    Let's do this for English readers as well. Especially for Tamil and Muslim folks in Elakiri who won't necessarily read long Sinhalese explanations. (my Sinhala writing style is notoriously difficult for Google translate as well. 🤣)

    So as you might already know, I first broke the news about the upcoming 1 trillion yen assistance from Japan on Thursday the 12th. I said 1 trillion yen. With the current exchange rates, that's $7.8 billion, which is close to $8 billion. However, the current news story only talks about a $4 billion assistance by a Japanese company. So why the disparity?

    This is the first tranche of the assistance, to be distributed by Ranil's 5 people essential items committee. This method was used because Japanese companies have excellent multinational relationships and supply chains so its much easier and quicker for them to order. If Japanese government directly gave money to us and we had to shop around for essential items, it'll take much longer. We all know the කොමිස් situation and the හිතමිත්‍ර සමාගම් expectations in such a case as well. 🤣 So going this way ensures a quick and reliable supply of essential items from food to medicines, while also saving the supposed 20% of that money going to someone's pocket.

    500 billion Yen rest of it will be a direct assistance for increasing our Foreign reserves. As you know, Yen is easily transferrable to USD, and if we so choose, any number of International banks will be happy to do it, in whole or any part of it.

    The fuel refinery, oil storage facility and the 500MW natural gas power plant will be gifts, as in no money has to be paid back. There's one condition that there has to be long term contracts for the crude and natural gas, to be purchased through Japanese companies. Come to think of it, is that really bad? Especially when you compare with how we have to go asshole gaping to India and China for similar projects, even with massive interests and loans?

    (There's the added trust that Japanese made refineries and power plants don't break down like Norochcholei as well. 😂😂😂)

    So there you go. Ask any questions you might have, and I'll answer them here. 😊
    Thanks a lot bro
     

    gnome

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  • Jun 9, 2013
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    All these years we are buying goods from India.
    All these years we are buying goods from China.
    All these years we are buying vehicles from Japan.

    Considering billions and billions of dollars we paid them, They are loosing big chunk of money by us being bankcrupt.
     
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    nikdw

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  • Jul 17, 2016
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    You think you have become the god just because of your news about 1 trillion news. LOL, what kind of market exposure are you looking for?
     

    kingcapton

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  • Sep 28, 2012
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    This is the huge issue of having idiots at the top bro. Trust and stability is so important than anything else. More people trying to have security in an otherwise situation directly widens the problem. This is the same with උන්ඩියල් and bank runs. People try to get higher and higher prices but they forget that their own money gets worse day by day. If everyone was stupid and didn't try to stabilize themselves, the country would actually do better, and by extension, people themselves.

    So what has to be done is utilize law, create ACTUAL TRUST, get people behind your decisions, and try to make the cynicals hopefuls. Slowly we can move out of the problem. 😊
    Selfishness will lead the whole society to destruction.
     
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