How an Import Media in Sri Lanka Aggrandizes the Colonial Export Trap

After the shutting down of USAID and the US withdrawal from the WHO (World Health Organization), there was much headlined chatter that the US government would move to shutter (or at least shut up) the IMF & World Bank. Well, there’s no such fire to such pipe-dreams – just smoke. US Treasury Secretary Scott Bessent has declared that the ‘return on investment’ from their terrible twins, is unparalleled. Unlike in the UN and other such multilateral institutions, the US government has ‘effective veto power‘ over the WB & IMF, making them ‘efficient tools of US foreign & economic policy’, as Zambia’s Grieve Chelwa highlights (see ee Focus). And Bessent wants to ensure they keep promoting US interests ‘at the expense of the rest of the world’, with his boss Mr Trump cluck-cluck-clucking that we all pay even more for our own further entrapment.

As for those who believe all of this gushes from the brains of Bessent & his darling US President Don Trump, we now are told that Mr Trump’s ‘change of mind’ on his tariffs – calling for a 90-day pause – was ‘prompted’ by the tweeting of Bill Ackman, CEO of hedgefund Pershing Square Capital Management. Ackman apparently moves markets with his statements… and rewrites politician’s policy statements. We learn that US policy is made by such bankers as Jamie Dimon (JP Morgan Chase), Ken Griffin (Citadel), and Ackman (see ee Quotes, Flattering Trump)…..| read more on Lankaweb