Pay your debt with monkeys!

[gaston castano]

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.

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[el kaka22]

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.

[Synchronice]

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.

[JoyMarsha]

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.

[gunhell16]

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.

[MainIbem]

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.

[Sarah Azhari]

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.

[boyptc]

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.

[Gyfts]

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.

[Strongkored]

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/

[Accardo]

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.

[DrBeer]

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?!

[Webetcoins]

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.

[doomloop]

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.

[stompix]

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/

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!

[teosanru]

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.

[goaldigger]

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.