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How is Sri Lanka economically bankrupt?

South Asian island country Sri Lanka is going through an extreme economic crisis. Since independence in 1948, Sri Lanka has never been in such a dire situation. One of the main reasons is that the country is burdened with foreign debt. The situation is so dire that Sri Lanka does not even have foreign currency to import daily necessities. That's why the price of goods in the country has skyrocketed. Due to the severe shortage of fuel, thousands of people are crowding in line to collect oil. Army has been deployed in Sri Lanka's petrol pumps to handle the situation. There is no money to import paper. So school exams have also been cancelled. Sri Lanka has undertaken several mega projects in the last fifteen years. Among these are seaports, airports, road construction and other types of projects. Domestic and foreign experts say most of these projects are unnecessary. Sri Lanka has taken huge loans from various sources to implement these projects. Although money was spent on loan...

How did the US dollar dominate the world?

   The most powerful currency in the world today is the US dollar. The US dollar is used as the main reserve currency around the world. About ninety percent of the world's total economic transactions are done through the US dollar. The US dollar is almost essential for international trade. There is no alternative or equivalent to the American dollar. It will be discussed about how the power of the US dollar was created in the world economic system?   Currency can generally be divided into three categories. Commodity currency, representative currency and fiat currency. Commodity currency is money that has no intrinsic value. Like gold or silver has its own value. Gold and silver were used as direct medium of exchange since ancient times. Even if the gold coin or silver coin is melted, its value does not decrease. That is why gold coins or silver coins are commodity money. Gold, silver, copper or tobacco leaves have been used as commodity currencies for economic transaction...

What is inflation?

   Even if people's income does not increase, the price of goods continues to increase. Inflation is one of the reasons for not being able to cope with the rise in commodity prices. Inflation and rising commodity prices are closely related to several aspects of the economy. One of them is bad debt. If the price of goods or services increases by a certain amount over a period of time, it is called inflation in the language of economics. Generally, the purchasing power of people decreases as a result of inflation. As a result, if the price of a product was one hundred rupees before. Then after inflation its price will be one hundred and ten rupees. Or for a hundred rupees, that product will be available in much less quantity than before. This also reduces the real exchange value of goods in the economy. To put it more simply, the value of the total wealth of the country is equal to the current total currency value or total rupees of that country.  Think there is a total of ...

What is education labor? How to get out of this sick world?

 This was a few days ago. World's best all rounder Shakib Al Hasan gave an interview to journalist Utpal Soot. There was a lot of controversy about that interview due to his straightforward comments on Panchpandav and other issues, but apart from cricket and discussion or controversial talk, Shakib said a very important thing in that interview which was not discussed at all. While in Bangladesh, my eldest daughter Alaina would wake up crying every day before going to school, said Shakib, hinting that the family would settle in America. But before giving a call in America, he gets up by himself, closes his eyes, brushes himself and gets ready for school. What could be better for me? Why Shakib claimed to be the only Pandav is a much more important issue than whether Shakib's statement has disrespected other senior players but is hidden in these few lines. Why should the school place become a name of horror to a five to six year old girl?  This story is not just about Eliner. Mi...

How many aspects of the mind? What is personality theory?

People think of you because you are very cheerful in front of people. Ah, what is the man? The man is very sociable. Extrovert. But you actually realize deep down that what people think of you is not you, but you may somehow adjust in front of people. But so much commotion is actually not your choice. You actually prefer to stay in your own world in your own circle. But why is this so? In some people the demonic being works too much. A conflict between internal and external representations of the mind continues. People think you are as introverted as you are. What do you think? You may not be like that. You can also express yourself by desolating yourself if you get a suitable space. What can be said about the fact that people are living with a variety of yogurt? These types of people are actually extroverts and not completely introverts. They occupy a position in the middle. These people are called handbeavers. Interestingly, there is a common perception that extroverts are very good ...

What is Bitcoin? How does Bitcoin work?

   Bangladesh government has been cracking down on bitcoin miners for quite some time now. What is actually going on there? The deeper I studied, the more interested I became in Bitcoin. For example, Bitcoin was created by an anonymous person or group whose true identity remains unknown. They introduced themselves as Satoshi Nakamoto. Satoshi Nakamoto has become the world's richest person or organization Bitcoin. But Satoshi Nakamoto is only one part of this incredible playground. Frankly it's a white world. What's going on there? It's hard to get it into our head. And that's why it felt like this is the right time to explain to the audience in simple terms how cryptocurrency and bitcoin work or what will happen in the future. Bitcoin is a story. Stories to influence us. History shows the form of currency and financial system we see today. But that was not the case. There was a time. When exchange system was in place instead of currency. That is to exchange an objec...

How did China become a superpower? How did China become a world economic giant?

   The year is nineteen ninety-eight. China applied for WTO membership. It wasn't quite that simple for them. Because several European countries then took a stand against China. Of course there were reasons. Chinese companies are nothing more than replicas of famous brands or counterfeits, and have been covered in this bad name. The Chinese government does not take any legal action against these companies. At that time, American President Bill Clinton broke the anger of those countries by standing on behalf of China, but if Clinton knew that within twenty years, China would leave his country behind in the global economy and move away from becoming a supergiant. Maybe he would never do this. At that time the American economy was nine trillion dollars. And China's economy was worth only one trillion dollars. There is no competition with a country that is nine times behind. Clayton may have thought so. But that was a big misconception. Americans know that now. Let's start with...

What is the meaning of the rate race?

It's complicate to calculate exactly when you joined the rat race. But rest assured you're in this race. Flash back the time of reading in class eight? Ahead of the education test computation Algebra figures doctoring all the complex formulas of wisdom Get up beforehand in the morning at the private instructor's house and study late at night. You must have spent a lot of time busy with work compared to your age? We all spent. At that time, the guardian must have said that this is a many further days. Life is peaceful and peaceful only when the education test is over. You have heard these words numerous times in numerous occurrences of life. Take the SSC test, you get freedom when you get to council. Life will be full of joy once you can get into varsity. Enter the job life formerly. Having fun with your own plutocrat is different. Have you heard of this?  Can you match the numbers standing at the end of the age clock? What do you think? Has life gotten a little easier after...

What is a Ponzi scheme? How can multi level marketing companies give so much profit?

Destiny two thousand limited. We are more or less familiar with this name. In the year 2000, the journey started in Destiny Bangladesh. Multi-level marketing and pyramid schemes are taken to the level of industry. Destiny makes common people in the trap of greed and eager to invest. Commissions are paid on bringing in new customers. Millions of people get involved with this institution seeing the possibility of much more profit than the bank or any other financial institution. People do not stop by investing themselves. Friends, relatives and friends who are known for the greed of the commission are brought by the neck to log in to Destiny. These users are awarded various awards including silver, gold and platinum. The following story is known to everyone, the company has been doing business in this country for twelve years. In the beginning many people also got good amount of profit from Destiny. They spread through word of mouth. At that time Destiny was not less than the popularity ...

The dark side of beauty? Much stigma attached to mica production.

From a distance, it looks like a big rat hole. If you get closer, you will understand that it is possible to somehow fit a person of medium size inside. This hole is quite a bit below the ground, it is dark inside, just as dark as the life of the inhabitants here. Engaged in brightening a world full of dark racism. The darkness that shines thousands of watts of light on our faces. The darkness that enhances our physical beauty and brings out the ugly form of the mind. Mica is a transparent metallic substance. In Bengal it is called as Avro. Its use in various works. Mica is needed to make toothpaste and also to make bright colors. But do you know where it is used the most? Make up makeup. Yes. Our day does not go without that makeup or cosmetics. Mica is the biggest raw material in the cosmetics industry. And hidden behind this Mica collection is the most horrible truth of the cosmetics industry. The truth that this billion dollar industry wants to suppress always wants to deny. When y...