The birthday wish of Kara David on her 52nd birthday has gone viral? What was her birthday wish
"Sana mamatay na lahat ng kurakot"
Usec Catalina Cabral died the other day, and last nigh Cong Romeo Acop died of heart attack. We did not realize how powerful the wish of said media personality could be that powerful.
Other corrupt officials/employees must be careful of this wish (But in recent days, there is no let up among LGU execs - still the same. Will there be more?
"The wages of sin is death" This is the salvatiion for the Filipino people being hopelessly being plundered
It was a complex drama, unrehearsed for the whole nation to be entrertained The Congress and Senate hearings were entertaining; a good replacement for Korean K dramas Instead of watching Netfliix or YT! I was thoroughly entertained for 2 weeks or so
Who was the scriptwriter, who was the director? Who could have thought of such a complex plot/scenario for the nation to be entertained? To divert our attention on the high crimes being committed. But we all know that this was an expensive entetainment paid for by trllions in borrowing and realignment, transfer of funds from basic services as health and deposit insurance to UA.
Of late, this post is worried about the following confirmed news: 1. ballooning country's debt rising into unprecedented amount and breaching the safe debt to GDP ratio (rising spectacularly even in 2025 only
2. Wholesale plunder in the flood control anomaly amounting to billions (supported by stories from cohorts and even drivers and transporters of the cash hoard.)
What is heartbreaking is that this was alleged to be perpetrated by the best minds of the country (one of whom graduated from Ivy League School in USA with masters)? I even have a classmate (maybe he could not say no to offend the Chief) who could be a party to the sale of the country;s gold
If only the trillions borrowed were used in financing key industries that would propel the country's jump into middle income status? Or saving more PHP in govt operations. If only processsess were automated to blunt corruption. If only we invested in more gold and US treasuries or engaged in Yen Carry trade; if only we had hedged the funds?
But no they were used to finance ghost projects (never was built or existed) half completed projects or projects that failed (multi million bridge that collapsed) on mere two "overloaded trucks passsing" We poured money into blackholes, abyss!!
Just to think that trillions were financed by: 1. selling the country's gold when gold was still in the low $2,000, 2. shifting funds from PhilhealthPDIC and other GOCC. 3. Massive/trillion of debt in a matter of year - both from foreign and domestic lenders. We are hocked for over P100,000++ and our children. Will the pludnerers worry how we can pay this massive debt from whence the loot came from?
We should be more careful in placing relatives of crooks to be our leaders and caretakers
Who engineered thus scheme that in the corporate world would be termed as malversation (even at the middle level of govt under COA rules)? and merit outright dismissal/termination? Are they not even getting a whack on the head? But they are still here and even promoted!!!!??
1. Was it a suicide, planned, meant to silence a witness?
2. What are its consequences? Will the culprits go free (no more credible witness to pin down the culprits) Will the flood control projects cases be dismissed and the cases closed?
Those who are involved in this mess should avoid going to places where there are cliffs or trucks buses passing by. You can fall of the cliff, or run over by trucks of buses
A fair warning to the 18th congress and Senate. God is watching you. Or your conscience. Karmaic and divine justice is everywhere anytime.
The Palace recently announced the appointment of Gen Nicolas Torre as the new GM of MMDA. He was teh former chief of PNP but was replaced due to disagreement with Napolcom over the reassignment of some officers
Whats next? Expect a hard hitting military like governance? Action agad. Results oriented. Less or more traffic, floods?
2.End of US as reserve currency. The pegging of US dollar to gold was ended in 1971 when fmr Richard Nixon ended convertibility of US dollar to gold. France collected US gold and so with many other countries and Pres. Nixon saw it fit to end the Bretton Woods agreement in 1944 that pegged US dollar to the gold. This meant less US countries are using US dollar as reserve and that means more US dollar coming home to roost
Another cause for dumping of US dollar from its reserve currency status were: weaponizing the dollar vs Russia. Every country is vulnerable to such sanction and thus avoided the dollar.
3.End of the 50 year Petro dollar. There was so called Petro dollar agreement between Henry Kissinger where the deal was for making KSA ask for payment in dollar, and in return US would support KSA by arms and security. KSA also would invest petro dollars in US treasury. It was seen, like the Japan Yen, KSA recycling the payment by USA back to US (even when the oil was purchased) thus supporting the US cheap lifestyle (as with the Plaza accord for Japan)
Thus US printed more US dollar to support this oil purchase in dollars. US exported inflation to KSA and supported US debt
5. Japan is now selling off its $1.3 trillion holding of US treasuries (to finance it QE to support the moribund Japan economy. They are raising the local bonds to near 2% (from negative) pausing Japans appetite to US treasury. That means less buyer for US treasuries, and less liquidity for USA. Japan is probably reeling to US Trumps 50% export tariff to Japanese goods (despite the Plaza accord)
6. What are your alternatives? (Survivalists were right)
Philippines is a safe haven after all. Rich natural resources: seas for food, plenty of farmlands. Many may see Americans escaping difficulties at US homeland due to this forthcoming collapse: US bankruptcy. It is expected that life will be hard in USA.
So many leaders, pseudo leaders, politicians demagogues priests, pastors have enjoined espoused convinced us, even Jesus Christ for us to change. But it seems human nature has seemed to be still the same and God would probably send Noahs great floods after again. He has just but sent us the little floods, methinks just to nudge us to change. But we are still the same.
Will they be charged? Will they be held accountable?
Philhealth and PDIC are private funds being administered by the govt and should not have been played around with by people who thought (as more govt officials do) they own the government
Or candidates or current officials must undergo drug test. Drug dependents may not know what they are doing or have a sense of accountability
The lend lease program between US and UK was seen as an act of solidarity and unity. But in reality it was receivership. UK desperate for weapons it needed vs US had
1. Pay in advance for ammunition and small arms (like buying from China) in gold. UK treasury was stripped of gold;
2. UK companies in US were sold for a bargain
3. 50 old US ships it had no use off, were traded for US bases in UK territory.
There is no way by which US can physically pay back its $37 trillion debt. Not by taxation or reducing its fiscal deficit. US spending is at $3 trillion a year, and its debt service amounts to $1.2 trillion a year or nearly 15% of total GDP.
How will US erase its debt (some say that this has began when Donald Trump signed its strategic reserve executive order) purportedly to preserve Bitcoin and gold value. under a national emergency declaration It will soon be a law
Here how it goes:
1. Gathering bitcoin valued at $132 billion bought by US govt and/or seized in drug operations illegal
While the only offense of the said Barzaga could be the unpalatable posts on Soc Media, a fellow congressman from Batangas Gardiola , said to be peddler of DPWH project, stood by unscathed by any disciplinary action.
The young congressmen aim to protect the name and reputation of the august body which has been embroiled in controversies involving not the protection of peoples treasures but the reverse and then the focus of House was a colleague lambasting the wrong doing at the House. But letting free the real culprits.
People from sideline guessed that Cong Leviste will be next for making bold statements vs corruption in the august House.
Foxconn, the prime contractor for Apple Iphones announced its return to China, investing a billion yuan for its HQ, R & C center, and EV vehicles. Why did Fox Conn and Apple return to China after deciding that the land of Promise was India.
Well, Fox conn did not find the stability and reliability in India which it could in China:
Despite political speeches welcoming the investment Foxconn found itself mired in bureaucracy with imports of raw materials sleeping in Custom Warehouses for days. Shifting policies and regulations
Parts did not arrive on time delayed by days or weeks spelling losses for Fox Conn. In China it took only hours.
Furthermore the Indian workers low on learning curve, had outputs of only 50% functional vs China of more than 90%. China had decades of building its capability and skills of workers. So back to China despite occasional hiccups and higher wages. Good news for China and bad for India.
China is still the manufacturing center of the world and shows its prowess in making electronic products, EVs, heavy equipment, and even airplanes
China has taken provocative actions vs our country PHL but we have to accept these truths
Japan is investing heavily in food security in its homeland and elsewhere in the world: Africa, Asia and South America. It invested in infrastructure: ports, road ways, ships. To facilitate the food security.
This is not going to be good for US market and Japan. Japan has more than 250% of its debt vs GDP and for a long time has fed US with less than market % for its debt. Japan accumulates trade deficit with US over. It has increased its bond rate up to 2% ending the period of free source of funds for arbitrage (borrowing yen for higher yield investment) Japan supported both deficits of US: trade and budget.
What has happened? Japan has decided to grant stimulus package to companies because of static growth of the economy. To finance this QE, Japan has to unload some of its treasuries (Which will not go unnoticed by the world financial market). This puts pressure on US borrowing, now saddled with $37 trillion in debt, higher servicing of its debt, now at 15% of GDP and $1.2 debt servicing. With the QE, the Yen is devaluing and Japan has to prop up its currency
Its now over, the yen is on free fall and very likely its going to be devalued and Japan economy could collapse. Japan was a big headache for IMF for a long time according to former boss Lagarde.
Japan used to be the 2nd largest economy in the world after US, and was the hotbed of manufacturing. But now its famous brands have fallen: Toshiba, Sharp, National, Sony. Now Japan is campaigning itself as a tourist destination. Do you think that this is Karma for Japan, following its atrocities in WW 2.?
What are the other consequences. The carry trade. Arbiters and currency traders, borrowed from Japanese banks at zero or near zero interest and used the same to hedge: buy other currencies, invest in foreign stocks etc to gain some tidy profit. However this feast is over, as the Japanese bonds are now more expensive. So companies on carry trade have to cash out or drown under water. This business, totaling $20 trillion could cause massive strain on world financial liquidity, even for US
This also means that US debt US treasuries will mean more interest expense for US homebuyers and consumer finance from credit cards.
China is also dumping US treasuries due to political and trade tensions And with both China and Japan US two biggest creditors dumping US treasuries, US will find itself paying more for debt and even a liquidity crisis
Also note the end of US Petrodollar and Chinas payment system bypassing SWIFT and BRICS nation bypassing the US dollar altogether. When Eurodollar and Petrodollar start coming home to roost, watch how more US dollars coming home means hyper inflation for USA.
