Are the budget keepers, the financial wizards in the govt, the chief and his cabinet, leading us into financial blackhole where there is no escape?

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                                                        Mural of the ideal leaders

                                                               Zaldy Co now in hiding

                                            BSP sold 25 tons of gold one of the largest sale

                                             Most Central Banks are now hoarding gold

                                  Usec Cabral of DPWH, first lady top exec at DPWH a Doctorate grad

                                      Chairperson of Commitee on Appropiations Mikaela Suansing

                                                     a Harvard grad  top Congress dog on budgetting

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 Philhealth   PDIC 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!!!!??

Autopsy ng corruption na nagaganap

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Analysis:

1.  How did we get into this?   The leader should know the head leads the tails.

2.  The cousin was involved and was tolerated And there are indications that a very close relative is also involved. 

3.  It all started with the UA, amounting to more than P500 billion, that were taken out from other GOCCs:   Philhealth that went into UA and the insertions.    It came from the GA that was signed by the President

4.   The good department did the MO  (looked for contractors licenses did the ghost substandard projects) and the manipulation and even the connotational body supposed to do the oversight, apparently blinded the % did not see the ghost projects, substandard etc.  Probably may parte sa %.    It was a massive systemic graft and corruption

Mga terms mga opportunity for corruption

1.  Insertion

2.  "Parking"

3.  "Sagasa"

4.    Moro moro bidding;

5.  Highest bidder sa bigayan

Rental of the license:    I was invited by the CB of PN to rent out our license for 5%  I did not agree because this does not even cover VAT.  

Lahat be involved.    The new cancer of the govt. 

Grabe ang modus.

Protest rally turn ugly in front of Congress; angrier calls for attacks at houses of Congressmen

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Is this going to be the PHL version of protests in Nepal and Indonesia.  They were less serious than the  corruption in PHL

 
,Protest Rally in front of Congress

EDSA Shrine protest rally today vs Flood Control anomalies more rallies planned

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The public has had enough of corruption news and has gone into protests because of the moro2 and what is perceived as gloved approach to handling these scandals.  A rally was held at EDSA today, and much bigger one tomorrow.  There were other leaders calling for attack on the houses of the corrupt congressmen

Congressmen senators linked to flood control mess

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The contractors who are being pressed to tell names linked at least 3 senators and 60+  congressmen to flood control ghost projects and other anomlies.  Sen Lacson, now the Chair of blue ribbon committee cautioned however that they can not be charged without valid receipts ... He3.  They will not sign receipts.   Who does (Judas)     

Must nepo babies be included in the Flood Control project anomalies discussion?

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I dont think so.  But due to their pride and search for fame, they included themselves in profligate display of luxury and wealth.   Their parents request please do not include them.   We the netizens did not cause.  It is the choice of the nepo ladies and their parents   ..