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Economy => Economics => Topic started by: stompix on April 20, 2023, 05:49:12 AM



Title: Pay your debt with monkeys!
Post by: stompix on April 20, 2023, 05:49:12 AM
Sounds completely unrealistic? Yes, it does!
Is it actually real? Yes, it is!
Can even be applied at country level? Definitely!

Sri Lanka planning to send 1,00,000 toque macaque monkeys to China (https://www.france24.com/en/live-news/20230412-monkey-business-sri-lanka-considers-macaque-sales-to-china)

Quote
Cash-strapped Sri Lanka is considering exporting up to 100,000 endangered monkeys to China, the agriculture minister said Wednesday, raising concerns among conservationists.

The toque macaque is endemic to Sri Lanka and common on the island but is classed as endangered on the International Union for Conservation of Nature (IUCN) red list. Sri Lanka bans almost all live animal exports and the proposed sale comes as it faces its worst-ever economic crisis. No financial details were made available.
"They want the monkeys for over 1,000 zoos they have across China," Agriculture Minister Mahinda Amaraweera told AFP.
"I have appointed a committee to study the request and see how we can do this."

Of course, there are a few questions about it and darker aspects of this:
- I don't know how a species that numbers over 1 million can be considered endangered, but let's leave it like that
- even if they have 1000 zoos that means 100 monkeys of the same species for each zoo and that is just not real
- what they are going to do for real with them, and most hint at labs testing, which stops being funny  
- how much of the debt will be really erased for this?

But nevertheless, Sri Lanka is in so much debt that it needs either cash or a way to pay out its debts to China so, probably for the first time in human history monkeys will be used en masse to pay for a portion of that debt, giving a whole new meaning to the term "monkey business".
At $4000 per monkey (google sources) that would make about $400 000 000 (in theory, not including costs), around 5% of the 7 billion they have in debt with China.

So, do you feel like you could show up at your bank and hand them two or three monkeys to cover your mortgage?


Title: Re: Pay your debt with monkeys!
Post by: Plaguedeath on April 20, 2023, 06:01:57 AM
Sri Lanka doesn't have any choice because they're don't have anything left except their monkeys, so China will ask anything they want.

I thought monkey was one of endangered animal, it's ridiculous why this trade is legal considering there's no clear usage what China will do with those monkeys.

China will keep demanding what Sri Lanka have in order to pay their debt, the worst case Sri Lanka will sell their country.


Title: Re: Pay your debt with monkeys!
Post by: Bounty _BOX on April 20, 2023, 07:45:01 AM
Sri Lanka doesn't have any choice because they're don't have anything left except their monkeys, so China will ask anything they want.

I thought monkey was one of endangered animal, it's ridiculous why this trade is legal considering there's no clear usage what China will do with those monkeys.

China will keep demanding what Sri Lanka have in order to pay their debt, the worst case Sri Lanka will sell their country.
China is a country where almost all kinds of animals are eaten. So I think the Chinese government will buy monkeys from Sri Lanka and feed everyone .Sri Lanka has more monkeys, so they will give monkeys to China.


Title: Re: Pay your debt with monkeys!
Post by: Zlantann on April 20, 2023, 10:08:24 AM
So, do you feel like you could show up at your bank and hand them two or three monkeys to cover your mortgage?


Hahaha!!!!!! I don't have monkeys, maybe they can accept some local birds around my compound.
Sometimes when people celebrate that the Chinese Yuen will replace the dollar as the global exchange currency, I just feel they don't know Beijing. Chinese give loans with very harsh conditions and they are heartless when they want to collect back their loans. Defaulting on Chinese loans can have severe consequences such as loss of the territorial integrity of defaulting nations. China is a higher version of the lender in Williams Shakespeare's play Merchant of Vernice called Shylock.

My country's just denied that they have defaulted on the payment of a loan from China after a local newspaper reported it. I don't think we have any animal that has a population of 10,000. Maybe China might consider accepting humans because we are overpopulated


Title: Re: Pay your debt with monkeys!
Post by: Dr.Bitcoin_Strange on April 20, 2023, 10:16:08 AM
Quote
We want to know why they want so many monkeys -- whether it is for meat, medical research or some other purpose," the foundation's Jagath Gunawardana told reporters in Colombo.

Although that article is not complete because China has not said if they want to use those animals for food or research purposes, just as Bounty_Box has said, the Chinese eat a lot of animals.

Quote
Monkeys are considered pests in Sri Lanka because they destroy crops and raid villages in search of food, and sometimes attack people.

Wow, more realistic, as you said, @OP. Sri Lanka may consider monkeys to be endangered animals, because they raid communities searching for food, act as pests that destroy crops, and even attack humans. If China has agreed to take up the offer of accepting the monkey as repayment for Sri Lanka's loan, then let them get even more monkeys and other animals that China would also want to take.


Title: Re: Pay your debt with monkeys!
Post by: MainIbem on April 20, 2023, 10:40:35 AM
Quote
So, do you feel like you could show up at your bank and hand them two or three monkeys to cover your mortgage?
This depends on the country that have so much values for animals, i don't think this will be possible in my country because they won't accept monkey rather than landed properties.
But my question is, when China were loaning out such amount of money to Sri Lanka why didn't they asked for collateral before releasing such huge amount of money to them? Seems they had no option to accept whatever Sri Lanka offer to pay back to them.


Title: Re: Pay your debt with monkeys!
Post by: Latviand on April 20, 2023, 12:20:04 PM
Sri Lanka doesn't have any choice because they're don't have anything left except their monkeys, so China will ask anything they want.

I thought monkey was one of endangered animal, it's ridiculous why this trade is legal considering there's no clear usage what China will do with those monkeys.

China will keep demanding what Sri Lanka have in order to pay their debt, the worst case Sri Lanka will sell their country.
They do have a choice but it won't be good for those in power, the people who are at the top in Sri Lanka should be removed because they're corrupt and they've sold some of their lands to China already by being part of the Belt and Road Initiative. Not to mention, those monkeys will probably become an invasive species in China unless they plan to keep it in zoo or eat them.


Title: Re: Pay your debt with monkeys!
Post by: Hispo on April 20, 2023, 12:42:55 PM
I do not know about you or what you may think about this situation, but I personally find this to be very serious, environmentally questionable and frankly: disgusting.

I know that people of that country can feel desperate to get rid of some of their debt, but this is not the way to do it. One thing is to  export raw materials and minerals but a completely different thing is to send that huge quantity of animals to a foreign country, where they will be likely experiment on or ever cooked (I doubt zoos will take that many monkeys and the Sri Lanka won't even care about their well being after they get paid).

Do those monkeys have any blame of the poor economical choices of the former leaders of a country?  ::)
Pathetic.

We are not talking about chickens or cows that were specifically raised to get people fed, this is wild life.



Title: Re: Pay your debt with monkeys!
Post by: Nwada001 on April 20, 2023, 12:43:14 PM
This is such a funny way of settling debt, but this is also, in some sense, telling us how mean and to what level China can reach just to take back their debt. 

Before China requested for monkeys from them, they checked within their surroundings, and monkey is the only thing they can attribute value to in that entire country, so they just have to go for it. A country like Sri Lanka will take any offer given to them, especially on something that's mostly common in their locality. 

But my question is, when China were loaning out such amount of money to Sri Lanka why didn't they asked for collateral before releasing such huge amount of money to them? Seems they had no option to accept whatever Sri Lanka offer to pay back to them.

Every loan has a requirement to be met; some loans just require a mutual agreement between two countries; no collateral is required sometimes. Before China gave out such an amount to Sri Lanka, they had a mutual agreement or something of interest from Sri Lanka. If they don't see anything reasonable or something they can achieve from them, they won't even think of giving out that loan. Something about their target might fail them, and then they will have to go for anything available in order not to be completely on the losing side.


Title: Re: Pay your debt with monkeys!
Post by: DrBeer on April 20, 2023, 12:44:08 PM
.....

But nevertheless, Sri Lanka is in so much debt that it needs either cash or a way to pay out its debts to China so, probably for the first time in human history monkeys will be used en masse to pay for a portion of that debt, giving a whole new meaning to the term "monkey business".
At $4000 per monkey (google sources) that would make about $400 000 000 (in theory, not including costs), around 5% of the 7 billion they have in debt with China.

So, do you feel like you could show up at your bank and hand them two or three monkeys to cover your mortgage?


If I lay aside the dubious idea of paying debts with monkeys, the main question is how Sri Lanka got into such a "Chinese financial trap". I know the history of this "project". I highly recommend reading to everyone else - about how China essentially enslaves neighboring countries, destroys and makes their economies dependent! The scheme is extremely simple - somehow (from corruption to simple deceit), China "invests" in some projects in the victim country. But he invests very cleverly.
1. It's a loan
2. All project documentation is developed by Chinese specialists. Including calculation of economic indicators, including ROI.
3. Implementation - Chinese companies and a significant part of the materials
4. The project is launched into work, but oh, it turns out that it cannot enter the ROI. Nothing bothers you yet?

And the ending is "beautiful": the project goes bankrupt. The victim country is in debt to China. The object itself is sold to China for a small percentage of its real value.

Now understand? And China has done a lot of such projects around the world, especially in its immediate regions.


Title: Re: Pay your debt with monkeys!
Post by: lovesmayfamilis on April 20, 2023, 12:52:33 PM
There are only 18 zoos in China, and of course, many monkeys won't fit in them. I read several sources and the versions all come down to the fact that monkeys are needed for experiments, after COVID-19 this no longer seems surprising.
In addition, one can think about the relationship between China and the United States, as well as accusations in the development of biological weapons.


Title: Re: Pay your debt with monkeys!
Post by: entebah on April 20, 2023, 01:24:41 PM
There are only 18 zoos in China, and of course, many monkeys won't fit in them. I read several sources and the versions all come down to the fact that monkeys are needed for experiments, after COVID-19 this no longer seems surprising.
In addition, one can think about the relationship between China and the United States, as well as accusations in the development of biological weapons.

where did you read that they only have 18 Zoos in China?
because I try to search about this and I found this website saying"In 2021, the number of parks and zoos in China amounted to 22,062. (https://www.statista.com/statistics/279038/number-of-parks-and-zoos-in-china/)", even this article says that China has 1000 Zoos in their country (https://www.thecitizen.in/world/china-stands-to-gain-from-the-monkey-menace-in-sri-lanka-897898)


Title: Re: Pay your debt with monkeys!
Post by: Lorence.xD on April 20, 2023, 01:31:32 PM
Sri Lanka doesn't have any choice because they're don't have anything left except their monkeys, so China will ask anything they want.

I thought monkey was one of endangered animal, it's ridiculous why this trade is legal considering there's no clear usage what China will do with those monkeys.

China will keep demanding what Sri Lanka have in order to pay their debt, the worst case Sri Lanka will sell their country.

That's the sad truth, imagine you lack of resources that even animals were used in transactions. It's uncomfortable to think that China agreed to accept monkeys as payment to them. Back then, animals were really used in payments in transactions in my country, like they will sell their cow just to have money for their house. But to think that number of monkeys as a payment of debt would never be a good idea for me. Hope they could get some resources and to avoid selling their independency to China because if they won't it might cause war.


Title: Re: Pay your debt with monkeys!
Post by: philipma1957 on April 20, 2023, 01:41:30 PM
Sounds completely unrealistic? Yes, it does!
Is it actually real? Yes, it is!
Can even be applied at country level? Definitely!

Sri Lanka planning to send 1,00,000 toque macaque monkeys to China (https://www.france24.com/en/live-news/20230412-monkey-business-sri-lanka-considers-macaque-sales-to-china)

Quote
Cash-strapped Sri Lanka is considering exporting up to 100,000 endangered monkeys to China, the agriculture minister said Wednesday, raising concerns among conservationists.

The toque macaque is endemic to Sri Lanka and common on the island but is classed as endangered on the International Union for Conservation of Nature (IUCN) red list. Sri Lanka bans almost all live animal exports and the proposed sale comes as it faces its worst-ever economic crisis. No financial details were made available.
"They want the monkeys for over 1,000 zoos they have across China," Agriculture Minister Mahinda Amaraweera told AFP.
"I have appointed a committee to study the request and see how we can do this."

Of course, there are a few questions about it and darker aspects of this:
- I don't know how a species that numbers over 1 million can be considered endangered, but let's leave it like that
- even if they have 1000 zoos that means 100 monkeys of the same species for each zoo and that is just not real
- what they are going to do for real with them, and most hint at labs testing, which stops being funny  
- how much of the debt will be really erased for this?

But nevertheless, Sri Lanka is in so much debt that it needs either cash or a way to pay out its debts to China so, probably for the first time in human history monkeys will be used en masse to pay for a portion of that debt, giving a whole new meaning to the term "monkey business".
At $4000 per monkey (google sources) that would make about $400 000 000 (in theory, not including costs), around 5% of the 7 billion they have in debt with China.

So, do you feel like you could show up at your bank and hand them two or three monkeys to cover your mortgage?


mmm monkey meat 🍖.

Had it in the Philippines.

1000 x 100 = 100,000 so 900,000 left for barbecue 🍗.

So knocking off 5% is not much for all that monkey meat.

Are Sri Lankians moslem faith if they are not maybe they have pigs to send to China.

I am going to check on that.

90.3 % not moslem which means they have pigs.

China lost .5 billion pigs in 2019 maybe they will sell pigs.

They also have the highest quality cinnamon.

https://www.amazon.com/Organic-Ceylon-Cinnamon-Powder-Resealable/dp/B07MHX96HW/ref=asc_df_B07MHX96HW?


Title: Re: Pay your debt with monkeys!
Post by: Bananington on April 20, 2023, 01:58:15 PM
- I don't know how a species that numbers over 1 million can be considered endangered, but let's leave it like that
The number was much higher than the present number, most likely the reason why the one million in number is now considered as endangered.

- even if they have 1000 zoos that means 100 monkeys of the same species for each zoo and that is just not real
- what they are going to do for real with them, and most hint at labs testing, which stops being funny  
The zoos will get monkeys, but the government owned labs will receive more monkeys than the zoos.

- how much of the debt will be really erased for this?
The debt that will be erased should be equal to the value of these monkeys, but because this is normal way of clearing debts sri lanka is the disadvantaged party in the negotiation they may be bound to whatever value and price the Chinese put on them, so they may end up only clearing the amount from debt that the Chinese want.


Title: Re: Pay your debt with monkeys!
Post by: LogitechMouse on April 20, 2023, 02:17:31 PM
As an animal lover, I feel sorry about the monkeys because they've been used to pay the debt of the country.
The corrupted government of Sri Lanka sucks. I'm sorry, but I'm greatly affected emotionally because of this. I guess I attached myself too much to the animals.

What will China do with the monkeys? Experiments is I think the main reason. I mean they have many laboratories in the country, and they will use every single monkey (probably) just to conduct their experiments. This is where I feel disgusted not only to Sri Lanka, but to China as well.

Some might see it funny because it might be the first time that a country will be using monkeys to pay their debts, but just imagine what will they do to these innocent animals. I wonder what will Sri Lanka will use next to pay their debts. I find this very disgusting, but I guess that's how cruel the world is.  :'(


Title: Re: Pay your debt with monkeys!
Post by: ancafe on April 20, 2023, 03:23:52 PM
Sounds like a joke and totally unrealistic, but they do that, right?

At $4000 per monkey (google sources) that would make about $400 000 000 (in theory, not including costs), around 5% of the 7 billion they have in debt with China.

So, do you feel like you could show up at your bank and hand them two or three monkeys to cover your mortgage?
I haven't visited the legal regulations regarding the sale of endangered species that are starting to be protected in other countries and also don't know whether Sri Lanka has any previous legal products against the ban on the sale of endangered species. We know that Sri Lanka is almost bankrupt, their economy is very chaotic at the moment and they are also in huge debt with China. The question is whether the monkey seller can pay off the debt, I doubt there is any guarantee for them to cover their debt with this pattern.
 
There should be an assessment of whether China is trying to encourage Sri Lanka to sell its increasingly endangered species for a specific purpose? If indeed it is for the purposes of further testing and after that what is the condition of the animal, for whatever reason it can be ascertained that protected animals cannot be traded freely and even though efforts have been made to revise the law regarding this matter. How poor is Sri Lanka right now?


Title: Re: Pay your debt with monkeys!
Post by: Aikidoka on April 20, 2023, 03:30:48 PM
That's really crazy of how Sri Lanka pays their debts with animals, specifically monkeys! I wonder what china will do with those monkeys, I hope they won't do anything bad to them or just kill them? or probably they could eat them.. who knows? It's just unrealistic.

As I heard Sri Lanka don't allow those type of export (animals exports) but since they're in a financial crisis since years then anything could be possible. but I think China is in need for those monkeys whether in medical needs or for meat.


Title: Re: Pay your debt with monkeys!
Post by: jrrsparkles on April 20, 2023, 04:14:07 PM
Sri Lankan government surrendered all their power to China for the next 99 years if I am not wrong due to the corruption, wrong agricultural policies,etc so the existing government is trying to pay something instead of nothing but obviously it won't end the situation probably may reduce the tenure period or anything like that.

Not only Sri Lanka, the Chinese government trapped may countries in that debt trap and got into power indirectly that is why the speculation are going that they will surpass USA in this decade itself.


Title: Re: Pay your debt with monkeys!
Post by: slapper on April 20, 2023, 04:14:40 PM
Is Sri Lanka really thinking about shipping 100,000 monkeys to China?! What a crazy idea! Oh my God, you mean it’s true? Apparently, in today's world, monkeys have replaced money. Bitcoin, take a back seat!

However, I have my doubts. If there are over a million of them, how can the monkeys be in risk of extinction? To suggest that there are not enough bananas in a banana plantation is absurd. And a hundred of the same kind of monkeys for every zoo. That's as much fun as a daily monkey party!

However, the less pleasant sides of this monkey business should not be overlooked. What exactly are they planning to do with them? I certainly hope they aren't going to use them as test subjects for shampoo. And how much would the sale of these monkeys actually reduce Sri Lanka's debt? The equivalent would be giving up a pet monkey for a candy bar.


Title: Re: Pay your debt with monkeys!
Post by: Renampun on April 20, 2023, 04:26:51 PM
...
Of course, there are a few questions about it and darker aspects of this:
- I don't know how a species that numbers over 1 million can be considered endangered, but let's leave it like that
- even if they have 1000 zoos that means 100 monkeys of the same species for each zoo and that is just not real
- what they are going to do for real with them, and most hint at labs testing, which stops being funny  
- how much of the debt will be really erased for this?

But nevertheless, Sri Lanka is in so much debt that it needs either cash or a way to pay out its debts to China so, probably for the first time in human history monkeys will be used en masse to pay for a portion of that debt, giving a whole new meaning to the term "monkey business".
At $4000 per monkey (google sources) that would make about $400 000 000 (in theory, not including costs), around 5% of the 7 billion they have in debt with China.

So, do you feel like you could show up at your bank and hand them two or three monkeys to cover your mortgage?

I am quite surprised by this news, but looking at the economic side, the sale of these monkeys to China can save Sri Lanka's finances a little, but is there a guarantee that the domino effect will not occur if they are considered pests because they destroy plants, then it is not entirely the monkey's fault, they do have an original wild nature.

but with the number reaching 2 million for a group of endemic monkeys, I think it's overpopulated. it is reported that Sri Lanka has quite a lot of monkey guardians, to protect the welfare of their endemic monkeys, even though they are a little suspicious of the dirty activities they might be carrying out behind the scenes, but I agree with this decision it must be reviewed, don't make needing money as an excuse to do it something that can threaten the population of endemic animals.


Title: Re: Pay your debt with monkeys!
Post by: southerngentuk on April 20, 2023, 04:29:04 PM
Sounds completely unrealistic? Yes, it does!
Is it actually real? Yes, it is!
Can even be applied at country level? Definitely!

Sri Lanka planning to send 1,00,000 toque macaque monkeys to China (https://www.france24.com/en/live-news/20230412-monkey-business-sri-lanka-considers-macaque-sales-to-china)

Quote
Cash-strapped Sri Lanka is considering exporting up to 100,000 endangered monkeys to China, the agriculture minister said Wednesday, raising concerns among conservationists.

The toque macaque is endemic to Sri Lanka and common on the island but is classed as endangered on the International Union for Conservation of Nature (IUCN) red list. Sri Lanka bans almost all live animal exports and the proposed sale comes as it faces its worst-ever economic crisis. No financial details were made available.
"They want the monkeys for over 1,000 zoos they have across China," Agriculture Minister Mahinda Amaraweera told AFP.
"I have appointed a committee to study the request and see how we can do this."

Of course, there are a few questions about it and darker aspects of this:
- I don't know how a species that numbers over 1 million can be considered endangered, but let's leave it like that
- even if they have 1000 zoos that means 100 monkeys of the same species for each zoo and that is just not real
- what they are going to do for real with them, and most hint at labs testing, which stops being funny  
- how much of the debt will be really erased for this?

But nevertheless, Sri Lanka is in so much debt that it needs either cash or a way to pay out its debts to China so, probably for the first time in human history monkeys will be used en masse to pay for a portion of that debt, giving a whole new meaning to the term "monkey business".
At $4000 per monkey (google sources) that would make about $400 000 000 (in theory, not including costs), around 5% of the 7 billion they have in debt with China.

So, do you feel like you could show up at your bank and hand them two or three monkeys to cover your mortgage?

No, I don't think using animals to pay off debt is a good idea; it's even a disgusting idea that shows moral degradation. The export of toque macaques from Sri Lanka to China is a matter of concern as the toque macaque is endemic to Sri Lanka and is on the endangered species red list. In addition, using animals as a means of debt repayment is unethical and inhumane. Instead, we need to find ways to tackle debt and grow our economies sustainably without harming animals or the natural environment.


Title: Re: Pay your debt with monkeys!
Post by: Cryptomiles1 on April 20, 2023, 05:01:20 PM
100,000 monkeys?
That means there will be a scarcity of Banana in the land of China, Because I believe they already had some existing monkeys in the country so how will those animals manage to feed. Meaning they might start invading in people's homes and bananas plantation across shared area and regions.
Quote
At $4000 per monkey (google sources) that would make about $400 000 000 (in theory, not including costs), around 5% of the 7 billion they have in debt with China.

Are monkeys really that expensive for each to be as costly as $4,000? This is very huge amount when converted to our local currency.


Title: Re: Pay your debt with monkeys!
Post by: Silberman on April 20, 2023, 05:26:56 PM
Sri Lanka doesn't have any choice because they're don't have anything left except their monkeys, so China will ask anything they want.

I thought monkey was one of endangered animal, it's ridiculous why this trade is legal considering there's no clear usage what China will do with those monkeys.

China will keep demanding what Sri Lanka have in order to pay their debt, the worst case Sri Lanka will sell their country.
And this is what happens when you owe someone money and you cannot pay, in essence you become their slave and they can dictate whatever terms they want no matter how immoral they could be, and while this is an extreme example, it show us how bad things can get, after all what gives the government of Sri Lanka the right to use those monkeys in this way? The monkeys may be on their territory but they do not really owe them, but I am aware such an argument will never stop a government in a dire need of cash.


Title: Re: Pay your debt with monkeys!
Post by: mm2543363580 on April 20, 2023, 06:07:04 PM
Sri Lanka doesn't have any choice because they're don't have anything left except their monkeys, so China will ask anything they want.

I thought monkey was one of endangered animal, it's ridiculous why this trade is legal considering there's no clear usage what China will do with those monkeys.

China will keep demanding what Sri Lanka have in order to pay their debt, the worst case Sri Lanka will sell their country.
And this is what happens when you owe someone money and you cannot pay, in essence you become their slave and they can dictate whatever terms they want no matter how immoral they could be, and while this is an extreme example, it show us how bad things can get, after all what gives the government of Sri Lanka the right to use those monkeys in this way? The monkeys may be on their territory but they do not really owe them, but I am aware such an argument will never stop a government in a dire need of cash.
This is really some unique method of returning debt but for debt ridden sirlanka who already is in tough situation this seems to be like last resort . They are considering to give 100,000 monkeys to China for debt settlement who'll most likely end up in Chinese laboratory or restaurants.

But can they be settled in zoo? That's the question.


Title: Re: Pay your debt with monkeys!
Post by: Sarah Azhari on April 21, 2023, 03:07:58 AM
China is a country where almost all kinds of animals are eaten. So I think the Chinese government will buy monkeys from Sri Lanka and feed everyone .Sri Lanka has more monkeys, so they will give monkeys to China.
China seems never to give up to eat endangered animals where they know it's dangerous. China never give up on where the covid come from, and they still blindly ate unusual animals, while Sri Lanka receive the offers because of the big dept. We can't do anything about this situation. Sri Lanka is tied, and do whatever China request. Maybe is good for the country, but of course, this will affect for forest ecosystem, I am really sure, their habitat will be exhausted and forest food circulation will be unstable in the near future.


Title: Re: Pay your debt with monkeys!
Post by: BitDane on April 21, 2023, 03:49:52 AM

So, do you feel like you could show up at your bank and hand them two or three monkeys to cover your mortgage?


Depends on the negotiation.  Sometimes when a person don't have any amount of money to pay for his debt, banks tend to confiscate any collateral you have given them.  If in case your collateral are monkeys then bank will confiscate your monkey or any valuable asset that can be turn to fiat currency.  In short, it all depends on the agreement.

About Sri Lanka sending thousands or millions of monkeys to China,  I believe China agreed to buy that numbers of monkey because it is beneficial to China, whether for environmental use, medical research or just meat demands.  The process are done because two parties agreed.  So as long as the two party agree, anything can be use as payment method.


Title: Re: Pay your debt with monkeys!
Post by: Swordsoffreedom on April 21, 2023, 04:00:08 AM
Sounds completely unrealistic? Yes, it does!
Is it actually real? Yes, it is!
Can even be applied at country level? Definitely!

Sri Lanka planning to send 1,00,000 toque macaque monkeys to China (https://www.france24.com/en/live-news/20230412-monkey-business-sri-lanka-considers-macaque-sales-to-china)

Quote
Cash-strapped Sri Lanka is considering exporting up to 100,000 endangered monkeys to China, the agriculture minister said Wednesday, raising concerns among conservationists.

The toque macaque is endemic to Sri Lanka and common on the island but is classed as endangered on the International Union for Conservation of Nature (IUCN) red list. Sri Lanka bans almost all live animal exports and the proposed sale comes as it faces its worst-ever economic crisis. No financial details were made available.
"They want the monkeys for over 1,000 zoos they have across China," Agriculture Minister Mahinda Amaraweera told AFP.
"I have appointed a committee to study the request and see how we can do this."

Of course, there are a few questions about it and darker aspects of this:
- I don't know how a species that numbers over 1 million can be considered endangered, but let's leave it like that
- even if they have 1000 zoos that means 100 monkeys of the same species for each zoo and that is just not real
- what they are going to do for real with them, and most hint at labs testing, which stops being funny  
- how much of the debt will be really erased for this?

But nevertheless, Sri Lanka is in so much debt that it needs either cash or a way to pay out its debts to China so, probably for the first time in human history monkeys will be used en masse to pay for a portion of that debt, giving a whole new meaning to the term "monkey business".
At $4000 per monkey (google sources) that would make about $400 000 000 (in theory, not including costs), around 5% of the 7 billion they have in debt with China.

So, do you feel like you could show up at your bank and hand them two or three monkeys to cover your mortgage?

No, I don't think using animals to pay off debt is a good idea; it's even a disgusting idea that shows moral degradation. The export of toque macaques from Sri Lanka to China is a matter of concern as the toque macaque is endemic to Sri Lanka and is on the endangered species red list. In addition, using animals as a means of debt repayment is unethical and inhumane. Instead, we need to find ways to tackle debt and grow our economies sustainably without harming animals or the natural environment.

If you follow the news about the economic situation of Sri Lanka, you will know the difficulties they are facing, and there will be almost no way to solve the debt. I don't know about those monkeys, but it's definitely worth it, that's why China agreed to the deal, and I don't see a problem with the Sri Lankan government doing it. Maybe that monkey is rare and important to Sri Lanka, but it couldn't be more important than the economy and people's lives. The government should do everything in exchange for food and work... for the people, and there's nothing wrong with that.


Title: Re: Pay your debt with monkeys!
Post by: Gallar on April 21, 2023, 09:16:29 AM
What can be done, Sri Lanka will definitely use any means to be able to pay off its country's debt as soon as possible. Because it has unpaid debts to China

Quote
In April, Sri Lanka defaulted on its US$51 billion (Rp.760.3 trillion) foreign debt and opened bailout talks with the International Monetary Fund.
Source : www.cnbcindonesia.com/news/20220731182355-4-359962/derita-sri-lanka-utang-luar-negeri-rp760-t-pdb-7-di-2022/amp

Therefore, the new Sri Lankan government will definitely do various ways to make Sri Lanka bounce back from a very bad economic situation. Now Sri Lanka already has a new president, whose name is Ranil Wickremesinghe, who knows what kind of plans he will do, everything is not visible now. But it looks like the current president will be better and more convincing than the previous president, who fled. But the current president, of course, has to work extra hard, considering that the problems that the country has in Sri Lanka are enormous, it will definitely take quite a long time to clean up all the mess.


Title: Re: Pay your debt with monkeys!
Post by: Oluwa-btc on April 21, 2023, 09:38:00 AM
So, do you feel like you could show up at your bank and hand them two or three monkeys to cover your mortgage?


Hahaha!!!!!! I don't have monkeys, maybe they can accept some local birds around my compound.
Sometimes when people celebrate that the Chinese Yuen will replace the dollar as the global exchange currency, I just feel they don't know Beijing. Chinese give loans with very harsh conditions and they are heartless when they want to collect back their loans. Defaulting on Chinese loans can have severe consequences such as loss of the territorial integrity of defaulting nations. China is a higher version of the lender in Williams Shakespeare's play Merchant of Vernice called Shylock.

My country's just denied that they have defaulted on the payment of a loan from China after a local newspaper reported it. I don't think we have any animal that has a population of 10,000. Maybe China might consider accepting humans because we are overpopulated

Ever heard of ways to enslave a country?! One of them way is with debts, China's good at this. Now they'll have to comply or get things the other ways. I laughed when I read about taking humans over china, that's never gonna happen, Large population in china and you expect more humans. I don't even know what plans they've got when they say they'll be in full control of our police stations soon in Nigeria.

I'm more concerned about who's gonna feed those large number of monkeys, lots lots lots of bananas, I could be a God damn supplier!
And for Goodness Sake, Fiats ( Yuen and Dollar ) are completely owned by the government, they keep you out of control.


Title: Re: Pay your debt with monkeys!
Post by: YUriy1991 on April 21, 2023, 09:51:01 AM
True, the Situation in Sri Lanka highlights the dangers of taking on too much debt and the need for responsible financial management. as funny as it may sound, I don't think handing over monkeys to pay off our debts is a viable solution. Not only is it unethical to use animals for such purposes, but it also doesn't address the underlying problems of debt and financial mismanagement. Sri Lanka needs to focus on finding sustainable solutions and better managing its finances instead of resorting to such means.


Title: Re: Pay your debt with monkeys!
Post by: Alpha Marine on April 21, 2023, 10:20:16 AM
Hahaha!!!!!! I don't have monkeys, maybe they can accept some local birds around my compound.
Sometimes when people celebrate that the Chinese Yuen will replace the dollar as the global exchange currency, I just feel they don't know Beijing. Chinese give loans with very harsh conditions and they are heartless when they want to collect back their loans. Defaulting on Chinese loans can have severe consequences such as loss of the territorial integrity of defaulting nations. China is a higher version of the lender in Williams Shakespeare's play Merchant of Vernice called Shylock.

What I've been saying since.
I get really surprised when I see people presenting China to be this saint that is coming to save the world from capitalism and  American imperialism. I think they just hate the U.S. more than they love China because I don't see how China can be better than the U.S. And I also don't see how the yuan will be better than the dollar.

Sri Lanka has previously handed over a port to companies that are owned by the Chinese government.
China always seems to be fighting American imperialism but that is the exact same thing they (china) are doing. The Maldives or at least a part of it is also at risk of being owned by China, but let's keep believing they are the messiah that has come to save the world from imperialism.


Title: Re: Pay your debt with monkeys!
Post by: davis196 on April 21, 2023, 10:31:17 AM
The real question here is why would the Chinese accept monkeys as payment? Are they going to eat them? ;D
Are they doing to sell them to the ordinary people as pets(or maybe put them into zooparks)? 4000 dollars per monkey seems like a lot to me.
I definitely wouldn't pay 4000USD for a monkey. Maybe the next step for the government of Sri Lanka would be to sell people to China and send them to work there as slaves. I'm joking, but the whole situation is absurd.


Title: Re: Pay your debt with monkeys!
Post by: woez on April 21, 2023, 10:40:48 AM
Well, it's a bit unclear why the Chinese accepted monkeys as payment, but it's possible they had their reasons, I am also here wondering if it is possible for any reputable financial institution to accept monkeys as payment for any type of debt or liability where monkeys are not a form of currency or an asset that can be easily exchanged for cash or some other form of value.


Title: Re: Pay your debt with monkeys!
Post by: ilovealtcoins on April 21, 2023, 10:55:21 AM
China is a country where almost all kinds of animals are eaten. So I think the Chinese government will buy monkeys from Sri Lanka and feed everyone .Sri Lanka has more monkeys, so they will give monkeys to China.
China seems never to give up to eat endangered animals where they know it's dangerous. China never give up on where the covid come from, and they still blindly ate unusual animals, while Sri Lanka receive the offers because of the big dept. We can't do anything about this situation. Sri Lanka is tied, and do whatever China request. Maybe is good for the country, but of course, this will affect for forest ecosystem, I am really sure, their habitat will be exhausted and forest food circulation will be unstable in the near future.

What evidence is there that they will use those monkeys for food? Or do you just say nonsense and think nothing? You seem to hate China very much, you have the right to hate the Chinese government, but you need to have proof before you speak ill of them. When you're a creditor, and the debtor doesn't pay, you'll squeeze anything, and that's normal. All great powers are equally miserable, no one is as good as you dream, not even America.


Title: Re: Pay your debt with monkeys!
Post by: stompix on April 21, 2023, 11:15:07 AM
The real question here is why would the Chinese accept monkeys as payment? Are they going to eat them? ;D
Are they doing to sell them to the ordinary people as pets(or maybe put them into zooparks)? 4000 dollars per monkey seems like a lot to me.

Somebody else said the same about the monkey price, but I mention, this is the price Google gives me for a healthy pet monkey of the same genus.
Probably a wild animal just traped and sent in a cage to a foreign country would maybe be 500-1000 at most including the costs but I have like zero clues about monkey prices, monkey farming, and monkey trading!

where did you read that they only have 18 Zoos in China?
because I try to search about this and I found this website saying"In 2021, the number of parks and zoos in China amounted to 22,062. (https://www.statista.com/statistics/279038/number-of-parks-and-zoos-in-china/)", even this article says that China has 1000 Zoos in their country (https://www.thecitizen.in/world/china-stands-to-gain-from-the-monkey-menace-in-sri-lanka-897898)

Both the 28 and the 1000 numbers are somewhat correct.
There are only 28 zoos that respect normal animal welfare standards, the rest are private enterprise or municipal owned small zoos with terrible conditions, cramped, and without vets, so by Western standards, they would qualify mostly as a poultry farm than a zoo.

China’s terrible zoos and why they’re still thriving
https://www.scmp.com/news/china/society/article/2100775/chinas-terrible-zoos-and-why-theyre-still-thriving

As for the question everyone asked, let's be real
- 100 000 monkeys won't fed even one city for a day
- you don't buy 100 000 monkeys for zoos when the species are known to be the best at reproducing in captivity

They are going to do testing on them it's obvious as the sky is blue, and everyone knows it.

But my question is, when China were loaning out such amount of money to Sri Lanka why didn't they asked for collateral before releasing such huge amount of money to them? Seems they had no option to accept whatever Sri Lanka offer to pay back to them.

Because this is not Bitcointalk, if Sri Lanka would have had the collateral it would have used that.
Besides, to the ones approving or asking for the loan it doesn't matter, they are not the ones paying it, and to China, it doesn't matter either, they can loan one billion, then bribe the next government with a few million and those will sell them things worth 2 billion for that debt.
Simple as that, it's easy when it's not actually your money!


Title: Re: Pay your debt with monkeys!
Post by: CryptSafe on April 21, 2023, 12:45:04 PM
This is such a funny way of settling debt, but this is also, in some sense, telling us how mean and to what level China can reach just to take back their debt.
Before China requested for monkeys from them, they checked within their surroundings, and monkey is the only thing they can attribute value to in that entire country, so they just have to go for it. A country like Sri Lanka will take any offer given to them, especially on something that's mostly common in their locality.
But my question is, when China were loaning out such amount of money to Sri Lanka why didn't they asked for collateral before releasing such huge amount of money to them? Seems they had no option to accept whatever Sri Lanka offer to pay back to them.
Every loan has a requirement to be met; some loans just require a mutual agreement between two countries; no collateral is required sometimes. Before China gave out such an amount to Sri Lanka, they had a mutual agreement or something of interest from Sri Lanka. If they don't see anything reasonable or something they can achieve from them, they won't even think of giving out that loan. Something about their target might fail them, and then they will have to go for anything available in order not to be completely on the losing side.

China knows what they want so they extending hands in loan servicing is not bad as the loans are for a particular meaningful purpose. China is a  friendly nation so I do not see it as a new thing her sister nation going to them for loan and one thing I like about China is that they do not refuse the loan, they are open and give helping hands to all countries.

Sri Lanka agreeing to pay back with monkeys is not a bad thing if that is what China opted for as loan or debt servicing, it is okay for them to get along together. Do not forget that Chinese eats animals alot and also note that animals are very strong creature  and are better option for experimental analysis and test for newly produced drugs, chemicals and lots more to know how effective they can be to humans.

So therefore, I see no reasons anything wrong for such agreement if China made such request or Sri Lanka making such proposal for debt servicing.


Title: Re: Pay your debt with monkeys!
Post by: umbara ardian on April 21, 2023, 01:51:48 PM
As an animal lover, I don't like this action of the Sri Lankan government and feel sorry for the monkeys, as they are just an asset to pay off debt. A government that has too many internal problems going on. The budget is no longer available, so they use animals as a kind of debt repayment asset.
I wonder after repaying China with monkeys, what will China do to them? It probably won't have a good ending, but I still hope it's a good thing. And will the Sri Lankan government continue to use animals to pay off debt? Surely anyone can guess.


Title: Re: Pay your debt with monkeys!
Post by: naikturun on April 21, 2023, 04:07:29 PM
if china charges monkeys it looks like this could be an opportunity to breed monkeys, and also monkeys like any food so it doesn't really matter what they eat.
or maybe some of the payments could be substituted with another animal it would be interesting if that were the case.


Title: Re: Pay your debt with monkeys!
Post by: Flexystar on April 21, 2023, 05:34:58 PM
That's a funny statement but who knows the real side of this story?
So what we are reading here is, they are trading the animals to recover from the debts they took for their own advantage and now the animal who doesn't even care what a monetary system is, has to tackle the human shit?

Seriously? Do you think China will really support these monkeys to get out of the endangered status by any means here? I highly doubt it. China is known for the weirdest things out there, from eating cockroaches to live lizards, they are the aliens of the earth taking refuge under human skin.

Have you seen the shift in the atmosphere from Sri Lanka to China? They will never survive that. They are shifting the habitat aggressively and it is going to affect their lives for sure. In addition to all, Sri Lankan's are just scratching the surface of their debts and they are going to regret it later for sure.


Title: Re: Pay your debt with monkeys!
Post by: gaston castano on April 21, 2023, 05:59:46 PM
oh really this is a little strange and terrible too of course, china charges anything if it can make them accept it, payment with animals I think is really very strange especially when it's about a country's debt, if you can't pay with money you have to pay with resources.


Title: Re: Pay your debt with monkeys!
Post by: el kaka22 on April 21, 2023, 06:46:10 PM
Lol this is both a funny and a sad story at the same time. I do not see why monkeys should stay in one nation, if they want to give it away in exchange for their debt, that is great, I would literally be fine with keeping as little as 100-200 monkeys in my nation and give the rest to another nation to pay the debt, even if just a little.

I do not know how big this debt is, and I agree that it doesn't look like too much endangered neither with the size, so if they do cover a good chunk of the debt that looks like a good idea. I am not saying that is good because they can't pay the debt, that part is sad, the fact that they can use the monkeys is not the sad part. I hope they do better and reach a level where they can pay their debts.


Title: Re: Pay your debt with monkeys!
Post by: Synchronice on April 21, 2023, 07:09:55 PM
Quote
We want to know why they want so many monkeys -- whether it is for meat, medical research or some other purpose," the foundation's Jagath Gunawardana told reporters in Colombo.

Although that article is not complete because China has not said if they want to use those animals for food or research purposes, just as Bounty_Box has said, the Chinese eat a lot of animals.
Guys, are you serious? They are paying $4,000 per animal, who the hell will pay that much money for food in China. It can be offered as delicacy in Chinese restaurants but I hope that zoo version is actually true.

But my question is, when China were loaning out such amount of money to Sri Lanka why didn't they asked for collateral before releasing such huge amount of money to them? Seems they had no option to accept whatever Sri Lanka offer to pay back to them.
Collateral? Which country asks for collateral when gives a loan to another country? Government loans are always non-collateral c'mon man, the whole world is in debt. By the way, sometimes in certain cases when country takes a loan, that loan comes with duties, that includes to develop roads or improve buses or improve education quality, etc.


Title: Re: Pay your debt with monkeys!
Post by: JoyMarsha on April 21, 2023, 07:48:23 PM
The question everyone will be finding answers to right now. What will the Chinas do with a million monkeys? Are they trying to find a cure for something or develop any medicinal drug using monkeys to test-run it? Nobody can't tell because China is a country that you can't question or stop their dealings with other countries.

The only thing  I can say about Chinese is that nothing is quite difficult for them to use as a research tool for a project. They make use of any given thing whether living or not. Although there is something more to this because someone Chinese government can't agree with Sri Lanka to pay off their debt to them with a million monkeys without any ulterior motives.

In my understanding, there much be something entirely to this that the whole world can't tell and the Chinese government is not ready to reveal altogether.


Title: Re: Pay your debt with monkeys!
Post by: gunhell16 on April 21, 2023, 10:05:03 PM
So, do you feel like you could show up at your bank and hand them two or three monkeys to cover your mortgage?


Hahaha!!!!!! I don't have monkeys, maybe they can accept some local birds around my compound.
Sometimes when people celebrate that the Chinese Yuen will replace the dollar as the global exchange currency, I just feel they don't know Beijing. Chinese give loans with very harsh conditions and they are heartless when they want to collect back their loans. Defaulting on Chinese loans can have severe consequences such as loss of the territorial integrity of defaulting nations. China is a higher version of the lender in Williams Shakespeare's play Merchant of Vernice called Shylock.

My country's just denied that they have defaulted on the payment of a loan from China after a local newspaper reported it. I don't think we have any animal that has a population of 10,000. Maybe China might consider accepting humans because we are overpopulated

What you said is true, what I also know is that most of the Chinese spend their time doing business to make money and most of them are just loans, just like you said. They are quite strict when it comes to charging, they are even stricter than the boom bay lenders than the Chinese insurance companies.

Also, right now, it is still a bit unclear whether the dollar will be replaced by the yuan because it is not that easy to happen, so we know that the U.S. country will not allow them to lose the throne of being the top currency in the world.


Title: Re: Pay your debt with monkeys!
Post by: MainIbem on April 21, 2023, 11:58:28 PM
Snip
Because this is not Bitcointalk, if Sri Lanka would have had the collateral it would have used that.
Besides, to the ones approving or asking for the loan it doesn't matter, they are not the ones paying it, and to China, it doesn't matter either, they can loan one billion, then bribe the next government with a few million and those will sell them things worth 2 billion for that debt.
Simple as that, it's easy when it's not actually your money!

This is one thing that gets me angry about Governments, if the present administration get some loan and it happens they couldn't pay back they leave's it for the next administration to pays it of. My question is what if those coming in couldn't able to clear the debts doesn't mean they will keep paying gradually until they clear's it up to them?
I know many country are indebted to China including my country, and what happens if we couldn't clears it as well, will China request some mineral resources allocation from us in time soon? Specifically saying about Nigeria.


Title: Re: Pay your debt with monkeys!
Post by: Sarah Azhari on April 22, 2023, 04:18:42 AM
China seems never to give up to eat endangered animals where they know it's dangerous. China never give up on where the covid come from, and they still blindly ate unusual animals, while Sri Lanka receive the offers because of the big dept. We can't do anything about this situation. Sri Lanka is tied, and do whatever China request. Maybe is good for the country, but of course, this will affect for forest ecosystem, I am really sure, their habitat will be exhausted and forest food circulation will be unstable in the near future.
What evidence is there that they will use those monkeys for food? Or do you just say nonsense and think nothing? You seem to hate China very much, you have the right to hate the Chinese government, but you need to have proof before you speak ill of them. When you're a creditor, and the debtor doesn't pay, you'll squeeze anything, and that's normal. All great powers are equally miserable, no one is as good as you dream, not even America.
I don't hate China in general bro, I also don't hate people who eat endangered animals, it's up to them and, it's their own paunch bro. I just care about the global ecosystem, if the forest food chain is interrupted, it will have a huge impact not only Srilanka forest ecosystem but the world or global forest chain system, including my country where not far away from Srilanka.

A long time ago, I've been in a place where I live in ex elephant habitation, but suddenly in 1 night, got destroyed form elephant self because they are angry we have built shelters where they used to live. some were injured, some of the buildings were damaged and after that the elephants were hunted. So human is main enemy of animals.


Title: Re: Pay your debt with monkeys!
Post by: boyptc on April 22, 2023, 06:41:00 AM
This is literally monkey business but it's understandable that Sri Lanka is in debt and anything that has value for them to at least pay the debt they've got should be made.

Their debt with China is that much and it's a debt trap that they can't get out unless they clear it first and whoever has come up with that idea, there are pros and cons with this action.

If those monkeys are endemic to them, tourism is the first thing that I can think of but having such huge debt and pressure and as well as compounding interest, they have to do it and send it to them.

Anything that they can charge with value and not money just to get off with their debt, I guess we'll see that mostly with those countries who's indebted to another country.


Title: Re: Pay your debt with monkeys!
Post by: Gyfts on April 22, 2023, 09:29:38 AM
Interestingly enough, Sri Lanka owes a fair bit of money to Blackrock. I didn't expect them to be a creditor because Sri Lanka was an endless money pit, especially after they defaulted on the debt a year ago. Blackrock seems more prudent than to torch their investor money on fire, but to each his own. Turns out China is one of the largest single entity creditors on behalf of a nation in the region, owed nearly 7 billion whereas India is only owed 1 billion. IMF approved a 3 billion aid plan as of last month.

They're strapped for cash and there isn't repayment in site. Selling monkeys is the least of their problems.


Title: Re: Pay your debt with monkeys!
Post by: Strongkored on April 22, 2023, 09:33:06 AM
The news does look funny and strange but surely China will accept it because it will benefit from 100K monkeys that will be sent to their country, whether for whatever it is but surely the benefits will be the same as the money they spent when lending to Sri Lanka. Many suspect that it is used as food consumption in restaurants because of the benefits of monkey meat. If it is endangered animals, the IUCN must take steps to save it because if the first step is successful it could be that Sri Lanka will repeat it considering that the monkey population there is quite a lot and can make the country pay off debts or get back loans with the economic problems it is facing.

Maybe China might consider accepting humans because we are overpopulated
Maybe this can be implemented by Japan because they are starting to experience a decrease in the number of citizens and China does not need more citizens considering they are the country with the largest population in the world
https://www.worldometers.info/world-population/china-population/


Title: Re: Pay your debt with monkeys!
Post by: Accardo on April 22, 2023, 10:37:28 AM


What will China do with the monkeys? Experiments is I think the main reason. I mean they have many laboratories in the country, and they will use every single monkey (probably) just to conduct their experiments. This is where I feel disgusted not only to Sri Lanka, but to China as well.


You are right, monkeys can be used to test vaccines, neurological disorders and for eye sights. Monkeys have lots of economical importants, the skin can also be used to produce clothing materials or gloves. I think China as an industrial country wouldn't find it difficult to discover their uses for such a huge amount of monkeys. However, the Sri Lanka is sending monkeys extinct from their environment, hence, it may have no much changes, but I know every animal has a task it does in any environment. Whatever is possible to escape Dept from China should not get neglected. Who knows the other side of the story, China must have demanded for different things before they agreed on taking monkeys.


Title: Re: Pay your debt with monkeys!
Post by: DrBeer on April 22, 2023, 11:13:56 AM
Ever heard of ways to enslave a country?! One of them way is with debts, China's good at this. Now they'll have to comply or get things the other ways. I laughed when I read about taking humans over china, that's never gonna happen, Large population in china and you expect more humans. I don't even know what plans they've got when they say they'll be in full control of our police stations soon in Nigeria.

I'm more concerned about who's gonna feed those large number of monkeys, lots lots lots of bananas, I could be a God damn supplier!
And for Goodness Sake, Fiats ( Yuen and Dollar ) are completely owned by the government, they keep you out of control.


A great example of what will happen to all BRICS members :)
And so soon it will happen to all the participants of the Chinese project "abandoning the dollar." The US and its international currency is balanced and supported by the economies of the whole world, including China. But the yuan is a "trap for fools." And soon all participants in this project will give away monkeys, lands, resources, and just work for food, FOR THE GOOD OF CHINA :)
But people want to "fight the dollar", which, by the way, has not done anything bad to them, but on the contrary, it has helped. It's easier than starting to use the brain for its intended purpose :) Isn't it better to have huge debts and give away monkeys?! :)


Title: Re: Pay your debt with monkeys!
Post by: Webetcoins on April 22, 2023, 04:00:53 PM
Lol, this is funny and sad at the same time. Funny because I've never heard of international trade in such a manner in my life before, and sad because Sri Lanka is suffering a lot and this is one of the biggest examples of that. If they are compelled to give away animals only in order to pay a very small portion of their debt, it's really saddening.

I wonder what will happen to Sri Lanka if they are asked for more once this deal is done, since they got almost nothing to give, what can be the next target for China, they can even invade the country and take control if they are allowed by the UN I guess.


Title: Re: Pay your debt with monkeys!
Post by: doomloop on April 22, 2023, 04:59:04 PM
The question everyone will be finding answers to right now. What will the Chinas do with a million monkeys? Are they trying to find a cure for something or develop any medicinal drug using monkeys to test-run it? Nobody can't tell because China is a country that you can't question or stop their dealings with other countries.

The only thing  I can say about Chinese is that nothing is quite difficult for them to use as a research tool for a project. They make use of any given thing whether living or not. Although there is something more to this because someone Chinese government can't agree with Sri Lanka to pay off their debt to them with a million monkeys without any ulterior motives.

In my understanding, there much be something entirely to this that the whole world can't tell and the Chinese government is not ready to reveal altogether.
Sri Lankan officials say that they asked for monkeys from different zoos that they have in different cities in China, but that probably is just a cover-up and a made-up excuse from them. The public will surely create their own speculations and stories about how they might use those monkeys that they are demanding from Sri Lanka.

Some say they might eat them, some think they will use them for research purposes just like you said, and there are many other speculations roaming around but no one can really know the actual motive of China behind this strange international trade.


Title: Re: Pay your debt with monkeys!
Post by: stompix on May 13, 2023, 08:18:17 PM
Bumping this topic since monkeys have become a commodity :

After Sri Lanka, Nepal debates exporting its ‘problematic’ monkeys
https://news.mongabay.com/2023/05/after-sri-lanka-nepal-debates-exporting-its-problematic-monkeys/

Quote
Yet none of these latter points seemed to merit much coverage in Nepal, where media reporting on the issue has focused on the millions of dollars that Nepal could earn exporting its own monkeys.

Dhanraj Gurung, a member of parliament from the Nepali Congress party, is among those calling for the country to start exporting monkeys to both earn foreign revenue and address the pest problem. “Monkey terror has spread in the villages,” he said in a speech at the House of Representatives. “Looking at the current economic situation, I think it is right to decide to export monkeys.”

Forget de-dollarization, forget buying gold, forget BTC!
Grab a few monkeys and breed them like rabbits, it's the hard currency of tomorrow!



Title: Re: Pay your debt with monkeys!
Post by: teosanru on May 13, 2023, 09:01:53 PM
This is the funniest deal I have seen in history. Giving away animal species in order to pay off the debt. To answer your question regarding endangered species and count. Actually species can be called endangered because of two reasons, one is if they are losing their habitat. Which means no matter how many are left in Sri Lanka if they don't have the environment which could help them survive, they are endangered only. Secondly also if they are not having any genetic mutation across species for long which means the process of natural selection isn't working and species soon might not be able to adapt to it's surroundings.

Coming to second part, this is a threat call for all the countries having huge indebtedness on other nation that you might have to sell each and every resource to pay off your debts to huge nations no matter how funny it might sound to everyone it's obviously going to lead to displacement and probably execution of a lot of animals from their homes.


Title: Re: Pay your debt with monkeys!
Post by: goaldigger on May 13, 2023, 09:33:16 PM
This is Ridiculous, didn’t expect Sri Lanka will ever do this but it looks like they have no more choice but to use their other resources to pay off their debt and this will always in favor China. I’m wondering what’s the use of the Monkeys that value that much, most probably there’s something else behind this deal. Other countries should learn from this, never deal with China’s project or else they might be in a lot of debt as well.