A $3 trillion heist by a European powerhouse in the Philippines; Philippines would have been a very prosperous country were it not for this?

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It was alleged in this video that a European powerhouse, a top 20 nation in total GDP had $3 trillion heist on the Philippines about 70,000 tons of gold.  This was based on records dug by a Philippine historian, Ambeth Ocampo.  Like the rest of its conquest Spain found out that Philippines had plenty of gold mines the most famous of which were in Surigao, Benguet, Camarines (the Paracale) and numbering about 200 +.  Spain had forced mining activity that brought the gold to Spain using the galleon trade from Manila to Acapulco, and from thereon to Spain.  (There is another video that the mountains of gold did more harm than good to Spain.  This caused inflation and encouraged lack of productivity among its citizens

Manila was rightfully known as "Queen of the Orient"

There are hints that Spain should repay, render reparation to the Philippines.   $3 trillion isi about  PHP 180 trillion and would do much erase the Php 17 trillion current debt.

Had there be no such heist, the Philippine infrastructure, health care and education would have been one of the best in the world, and truly Philippines would be the Pearl of the Orient Seas.

Would this post make many Filipinos furious?   Before it was foreigners committing heist, now its compatriots.   

Heist through legalities (allocables, flood control projects, budget insertions) by the rulling class?

US going to be bankrupt?

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Is US going to be bankrupt?  Many pundits say yes.

What are the factors that may lead to this?

1.  US $38 trillion debt. Its debt service is over $1 trillion much more than US spending on military and health.    Its ratio of debt service to GDP is 121% and many say the threshold is of 120% has been crossed.

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.  

    BRICS countries are dumping the dollar as reserve currency and having their own electronic transfer system bypassing SWIF

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

4  What this means:

     The cheap US Petro dollar coming home to to roost and US mainland will be flooded with dollars and hyperinflation will be the tune of the day.  Currency debasement is prelude to collapse:   it has happened to Roman denarius, Spanish pesetas, UK pound sterling.  It can  and will happen to US dollar

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)

    1  Invest in commodities:   food supplies, bottled water, canned goods:   meat fruits and vegetables

    2.  Invest in farmlands as Zuckerberg,  Bill Gates.

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. 

Will the govt officials who ordered and facilitated the transfer of Philhealth PDIC (sale of BSP gold) to be part of UA be held accountable?

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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 not actually a friendly neigborly act; it was a financial massacre and UK empire slid off from the earth

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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.   

Americans must prepare for great reset ($ devaluation); US strategy to erase its $37 (now 38 trillion )debt, and restore US financial health sans cutting deficit and additional taxes

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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

       gambling.

       Inventory of Gold,  8133 tons valued at $733 billion lodged in US treasury ledger at $42.22

2.  The reset:

       The bitcoin will be revalued now at $100,000 up to 10x  $1,000,000 or  $1.3 trillion

        And gold at $20,000  for a $5.2 trillion reset (gold hovers at $3-4,000 per ounce

       The US will set this to be in motion in 2026 and will be completed in 2027.  It is mathematically

        impossible to pay this 37 trillion debt:   reducing deficit and increasing taxes.  The solution is

        a reset done before in 1933 during the time of fmr Pres FDR

3.  The consequence:

     The US dollar will devalue by up to 70%,  (your savings and retirement will be worthless prices of

       house will double.  Life will be hard.  The govt in order to preserve its treasury will steal the value

      of gold and currency.  It is a legalized govt sponsored theft of US citizen wealth

4.  Who will be affected:

      This is the same reset made by FDR under EO 6102.   They are just repeating this

      Who are the losers?

      Wage earners -  the wages will be devalued.  

      Pension funds, pensions

      Savers

      Who will gain, benefit from this:

      The FED, 

      The US govt

       The politicians

      The govt showing its teeth, avarice and confiscatory power

5.  What you can do:

      1.  Lessen cash bank holdings - maintain balance good for 90 days

      2.  Like the survivalists:  concentrate on having food and water and power

      3.  Befriend people with farms and shelters.   

      4.  Have physical good assets.  Not the certificate.  A certificate shares with 100 others claim

           on physical gold.  Hide them well not in bank safety deposit box because US agents can 

           seal or confiscate the same

It took a while sometime for me to understand this and summarize this

Gold price breaches $1,200/ounce the highest increase in a year amidst stock volatilty

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Rizal Philippines
February 13, 2015

From the week

Gold prices breached the $1,200 mark, the highest increase in over a year, amidst stock volatility worldwide.  and "weakening dollar" Investors usually look for safe haven when they find other investments to shaky or unsafe.

Could this signal the start of collapse  as was predicted to happen on Feb. 19?  Unlike the end of the world prediction, collapse of financial and capital markets do happen.!!1