Comments by "Maggie Jetson" (@maggiejetson7904) on "Protesters in Sri Lanka try to storm presidential office amid country’s worsening financial crisis" video.

@lynnmichael857 So maybe Sri Lanka should have just default the loan to Japan years ago instead of refinance with China and then blame China for it?
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@itscricketmemesdude46 Why don't you ask Japan for some more 1% loan so they can pay back China and you can shut up?
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@itscricketmemesdude46 Then why don't they ask Japan to lend them more of these 1% loan so they can pay off China? Why don't YOU lend them some 1% money so they can pay off China?
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If Chinese interest rate is higher why don't they refinance them from another source?
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@PissMenn Nonsense, Yen is mostly USD backed, so is RMB. Now Euro, Pound, AUS Dollar, etc are backed by their own economy and mineral reserves.
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@adithyadanaj9768 AUS has a lot of mines, look up Rio Tinto. Euro also has a lot of gold and their central bank aren't holding massive USD like Japan and China are.
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@adithyadanaj9768 It's a huge part of their GDP not hedged on USD or export to US market. If US print a lot of money that won't not have 1:1 impact to their own GDP like they did to China, Japan, etc.
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Then why don't Sri Lanka refinance it from someone else and pay China back if others are better deal? There is a reason only China will lend them money for infra project at higher interest rate because other countries want the 3rd world to remain 3rd world.
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@rockpap IMF ruined South Korea in the late 90s.
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@truthgiovanni6354 Then why don't the government now refi with another nation? It is obviously because nobody wants to lend Sri Lanka money because they are dead broke and corrupt, only China would consider it with a higher interest.
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