It is more fun criticizing
Rizal Philippines
January 20 2016
Is hyperinflation going to happen in the US? Will this be a bitter pill to swallow after the FED rescued the US financial system, had JP Morgan swallow up Lehman brother nd Bear Stearns garbae (the subprime mortgage)
Are you prepared in case this happens?
What are the advice:
Invest in food. and gold
Invest in companies with assets/commodities
Have an escape plan
Wednesday, January 20, 2016
When this company collapse, there could be hyper inflation and extreme poverty in US
It is more fun criticizing
Rizal Philippines
January 20, 2015
Now that many stocks and Dow Jones is retreating (or free fall) many are thinking that US economy could collapse by Feb 19, 2016. This is being triggered by the 2008 collapse and the reforms have not been installed. The AIIB is challenging the US dollar and even the China malaise that is dragging the dollar and markets around the world down.
Shocking News from Agora Financial
From Business Insider - Hyper inflation - could it happen here?
I did not read this the moment this email marketing came into may inbox but because the headline was catchy, I tried to read this. The headline said that this hoax could be far worse (525 x) worse than the Enron meltdown. A retiree, a millionaire saw his $1.3 retirement nest egg just become $13,000 in a matter of week. Much worse, other stakeholders lost tons of money, and 20,000 became jobless.
A govt company which is 2x more leveraged (77x vs Enron 35x) could collapse anytime that will trigger hyper inflation and untold of poverty in USA. This refers to Federal Reserve Bank.
How did it happen? Well, in the Financial Crisis of 2008, the Federal Reserve Bank bought the assets of too big to fail banks. They bought the subprime assets of the bank that triggered the run. And then the QE (Quantitative Easing) - the Fed bought monthly hundred of billions of banks bonds and other debt instruments. The said venerable bank is no longer venerable. It could go bust anytime. This is what Paul Rand, a Presidential candidate comment on the FED:
If the Federal Reserve was a real bank, without extraordinary powers, it would be insolvent. The Fed has $4.5 trillion in liabilities and only $57 billion in equity. It is leveraged at 80:1, nearly three times greater than Lehman Brothers when it failed.”
Rizal Philippines
January 20, 2015
Now that many stocks and Dow Jones is retreating (or free fall) many are thinking that US economy could collapse by Feb 19, 2016. This is being triggered by the 2008 collapse and the reforms have not been installed. The AIIB is challenging the US dollar and even the China malaise that is dragging the dollar and markets around the world down.
Shocking News from Agora Financial
From Business Insider - Hyper inflation - could it happen here?
I did not read this the moment this email marketing came into may inbox but because the headline was catchy, I tried to read this. The headline said that this hoax could be far worse (525 x) worse than the Enron meltdown. A retiree, a millionaire saw his $1.3 retirement nest egg just become $13,000 in a matter of week. Much worse, other stakeholders lost tons of money, and 20,000 became jobless.
A govt company which is 2x more leveraged (77x vs Enron 35x) could collapse anytime that will trigger hyper inflation and untold of poverty in USA. This refers to Federal Reserve Bank.
How did it happen? Well, in the Financial Crisis of 2008, the Federal Reserve Bank bought the assets of too big to fail banks. They bought the subprime assets of the bank that triggered the run. And then the QE (Quantitative Easing) - the Fed bought monthly hundred of billions of banks bonds and other debt instruments. The said venerable bank is no longer venerable. It could go bust anytime. This is what Paul Rand, a Presidential candidate comment on the FED:
If the Federal Reserve was a real bank, without extraordinary powers, it would be insolvent. The Fed has $4.5 trillion in liabilities and only $57 billion in equity. It is leveraged at 80:1, nearly three times greater than Lehman Brothers when it failed.”
The extraordinary power of the Fed is its ability to print money. The trouble is when it does it makes matter worse. Hyperinflation happen. It happens to 3rd world country like Zimbabwe.
where hyperinflation reached several digits. But it also happened in Germany in the 1900 when the money was used to start fire, or you had to bring money in wheel borrow in order to buy bread.
where hyperinflation reached several digits. But it also happened in Germany in the 1900 when the money was used to start fire, or you had to bring money in wheel borrow in order to buy bread.
What is the solution: invest in hard assets like gold, fuel, or goods that you will use. Bank assets will be useless later on when there is hyper inflation
Monday, January 18, 2016
SSS could be gone in as early as 10 years, P2,000 additional pension would amount P56billion a year
It is more fun criticizing
Rizal Philippines
January 18, 2016
PNoy rejects House Bill increasing SSS pension accross the board of P2,000 per month
President Aquino vetoed the bill HB 8242 authorizing P2,000 additional monthly benefits to some 2 million pensioners (I do not know the exact number and estimated this to be about P48 billion a year) Now the SSS total assets amounts to only P400+ billion and without going into actuarial intricacies, P400/40 = 10 years. SSS said the funds will be 0 by 2027. (11 years) We discounted the revenues of about P30 billion a year from members. That should take care of maternity and death benefits which are also substantial.
The Presidentiables and VPresidiantables were quick to ride on the negative reaction to the veto. (without understanding the complex issues)
1. The SSS is private fund; the govt does not own this. It is a self sustaining fund which is maintained by members contribution and the additional income from investments.
2. The investment of SSS is down because the stock market is on free fall, here and abroad.
3. The debt market yield max is 3%; so not much can be expected from investment
4. The proposed law lacked the critical item in any fiscal or budgetary proposal - WHERE DO YOU GET THE MONEY. As of now, there is none. Would you increase the contribution. Pres De Quiros said that you need to up the SSS contribution to make SSS viable if we give the P2t (in the SSS briefing today.
I am not spokesman of PNoy, nor of SSS but the public and even the lawmakers should understand this institution. The President of SSS correctly pointed out that they turned SSS around and therefore it hurts to hear comments that it is ill managed. Those who are leading SSS are respected businessmen executives from the private sector.
Shall we kill the goose that lays the golden eggs. Give the benefits now and worry about where to get the money later. This is a political gimmick by our Congressman, but they should be prepared to back this up with govt subsidy. SSS is a private fund and we shudder at the undue interference to the point of endangering this fund - a social security system
Rizal Philippines
January 18, 2016
PNoy rejects House Bill increasing SSS pension accross the board of P2,000 per month
President Aquino vetoed the bill HB 8242 authorizing P2,000 additional monthly benefits to some 2 million pensioners (I do not know the exact number and estimated this to be about P48 billion a year) Now the SSS total assets amounts to only P400+ billion and without going into actuarial intricacies, P400/40 = 10 years. SSS said the funds will be 0 by 2027. (11 years) We discounted the revenues of about P30 billion a year from members. That should take care of maternity and death benefits which are also substantial.
The Presidentiables and VPresidiantables were quick to ride on the negative reaction to the veto. (without understanding the complex issues)
1. The SSS is private fund; the govt does not own this. It is a self sustaining fund which is maintained by members contribution and the additional income from investments.
2. The investment of SSS is down because the stock market is on free fall, here and abroad.
3. The debt market yield max is 3%; so not much can be expected from investment
4. The proposed law lacked the critical item in any fiscal or budgetary proposal - WHERE DO YOU GET THE MONEY. As of now, there is none. Would you increase the contribution. Pres De Quiros said that you need to up the SSS contribution to make SSS viable if we give the P2t (in the SSS briefing today.
I am not spokesman of PNoy, nor of SSS but the public and even the lawmakers should understand this institution. The President of SSS correctly pointed out that they turned SSS around and therefore it hurts to hear comments that it is ill managed. Those who are leading SSS are respected businessmen executives from the private sector.
Shall we kill the goose that lays the golden eggs. Give the benefits now and worry about where to get the money later. This is a political gimmick by our Congressman, but they should be prepared to back this up with govt subsidy. SSS is a private fund and we shudder at the undue interference to the point of endangering this fund - a social security system
Sunday, January 10, 2016
Pres BS Aquino, Gazmin, Abaya, Honrado severely criticized by Biz News Asia
It is more fun criticizing
Rizal Philippines
January 11, 2015
Gazmin Abaya, Honrado at the Standard
It is triple 1 day today: 1/11. Still a prosperous new year greeting to every one. May we not be plagued by problems that hounded us in 2015
Still this past problems crop up. I happened to read the BizNewAsia and in an article penned by veteran newspaperman Toni Lopez, the performance of Pres. BS Aquino and the President.s Men Sec/Cong Emilio Abaya, Gen Voltaire Gazmin and MIAA GM Jose Angel Honrado were severely criticized.
Cong Abaya who a PS High School scholar, grandson of the first President of the Phil (Emilio Aguinaldo,) Sec. Gen of LP, a scientist, Master in Electrical Engineering in Cornell, law in Ateneo Law School, Bachelors Degree in Math in Annapolis Naval Academy is being toasted for the frequent breakdown of trains, the laglag bala and the poor operations of MIA. Gen Gazmin is being criticicsed for DND procurement of pre owned but defective helicopter. Well, Honrado was the GM interviewed by Karen Davilal who said he cant be held responsible for the actions of people of the 22 agencies reporting to MIAA (waddduh??? Kaya nga AUTHORITY OPISINA NILA) Honrado is a former CO of PAF.
What is noted about these officers are their close association with Pres. BS: Abaya was former aide de camp of his mother, Gazmin was former PSG uinder his mother, and Honrado is a relative.
Pres BS was quick to defend Honrado because he said the incident of Laglag, Tanim bala is a very tiny percentage as compared to the millions of arrival in various airports (It is not expected comment from the Pres) . The laglag bala went on a worldwide trending was criticiaed by CNN and Fox News.And that Abaya (there at least 20 MRT glitches recorded monthly by CNN ) should not be merit firing as of now.
Well sad ending note for Pres BS. It is a good leadership to stand by your men who are being pilloried; it even bad to side with them when they are very wrong. especially if they are relatives or party mates
Rizal Philippines
January 11, 2015
Gazmin Abaya, Honrado at the Standard
It is triple 1 day today: 1/11. Still a prosperous new year greeting to every one. May we not be plagued by problems that hounded us in 2015
Still this past problems crop up. I happened to read the BizNewAsia and in an article penned by veteran newspaperman Toni Lopez, the performance of Pres. BS Aquino and the President.s Men Sec/Cong Emilio Abaya, Gen Voltaire Gazmin and MIAA GM Jose Angel Honrado were severely criticized.
Cong Abaya who a PS High School scholar, grandson of the first President of the Phil (Emilio Aguinaldo,) Sec. Gen of LP, a scientist, Master in Electrical Engineering in Cornell, law in Ateneo Law School, Bachelors Degree in Math in Annapolis Naval Academy is being toasted for the frequent breakdown of trains, the laglag bala and the poor operations of MIA. Gen Gazmin is being criticicsed for DND procurement of pre owned but defective helicopter. Well, Honrado was the GM interviewed by Karen Davilal who said he cant be held responsible for the actions of people of the 22 agencies reporting to MIAA (waddduh??? Kaya nga AUTHORITY OPISINA NILA) Honrado is a former CO of PAF.
What is noted about these officers are their close association with Pres. BS: Abaya was former aide de camp of his mother, Gazmin was former PSG uinder his mother, and Honrado is a relative.
Pres BS was quick to defend Honrado because he said the incident of Laglag, Tanim bala is a very tiny percentage as compared to the millions of arrival in various airports (It is not expected comment from the Pres) . The laglag bala went on a worldwide trending was criticiaed by CNN and Fox News.And that Abaya (there at least 20 MRT glitches recorded monthly by CNN ) should not be merit firing as of now.
Well sad ending note for Pres BS. It is a good leadership to stand by your men who are being pilloried; it even bad to side with them when they are very wrong. especially if they are relatives or party mates
Friday, January 1, 2016
Happy and prosperous 2016, may there be less challenges for the world and PH
It is more fun criticizing
Happy new year. May there will be more events worthy of criticism
Happy new year. May there will be more events worthy of criticism
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