First cash first served; fuera ghosts

It is more fun criticizing

We were planning to buy a parcel of land to add to the project.  The first one was aborted because there were news that the neighborhood would object.  How nice would the little pc of land be to the project.  We informed the agent of the plan and even had a written communication to that effect (we just concluded a multimillion deal)

The project is a memorial project 

However an up and coming millionaire pulled one over us paid in cash.  The property would be made a warehouse for their beauty (soap products).   How the deal turned out smacks of lack of professionalism and lack of integrity on the part of people whom we talk

Let not the smell of dead carcass be on their beauty products or the troubled souls play in their warehouse.   

Scams abound: on line even on high level business and even govt transactions

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There were several times when this post was nearly scammed, for huge amount:

1.   One agent, and this was 3 decades ago, using beautiful ladies as bait tried to sell me a large portion 

a property for a measly sum in Las Pinas, Had it checked by our GE it turned out to be BF Homes Las Pinas.  How could he?  He is the father of a schoolmate from BI, Pasig

2.  The more recent one involved a large tract of land in the farthest end of this province.  He is the uncle of an acquaintance who was selling a 20 hectare foreshore land that abuts the municipal market.   The deal being proposed, is we give P10m to the foundation.   Now there were certain things we discovered:

     1.  The property was not adjacent to the municipal market.  There is a gap of 5 hectares between

          the market and the property

    2.  The property is currently being cultivated by a group of farmers cooperative, one of his members

         was a pamangkin

    3.  There is a tenant planting melon whose lease gave him the right of first refusal

    4.  The property was subject to an EJ, and no relation can be established between the property 

          and the foundation

3.  Another involves a 10 hectare in a mountain village allegedly a commission granted to the father of the owner.  He is sabungero.  If we could give the broker P10m, then we can start possessing the property But 

we found out

    1, There is no right of way to the property;

    2.  Somebody had CTS with the owner

    3.  Somebody paid for RPT tax before and he had certainly lien on the property

These are tiny compared to the IMBD scam involving  $4.5 whose main participant were Johny Low, and fmr. Prime Minister Rajiv,

Scammers multiply and let us be wary of them 

Correcting the history - former top underground movement leaders setting records straight

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Former top guys of the 50 year old underground movement are coming out to correct history and/or rectify their mistakes.  With the death of its former chairman various former leaders are coming out in SMNI broadcast exposing whos who in the movement and clarifies certain events

1.   Bishop Nilo Tayag former head of Kabataang Makabayan:

      1.  The main thrust of communist movement is atheism

      2.  The diversion, the lie is democratic front:     human rights, independent foreign policy

           This deceit is swallowed by intellectuals and even the religious

      3.  He managed to set up cells while incarcerated.  

2.  Eric Mutuc:

     1.  The movement was responsible for Plaza Miranda bombing.  The event galvanized more

           recruitment and was the turning point in the history of the movement.    It made people

           hate Marcos more

    2.  The figure hailed as a hero and featured in currency and name of the airport can not be considered

          a hero because he supported the communist.  Hacienda Luisita did not have a good record in 

          handling of peasants

   3.  Herminio Espiritu is head of a communist front in North America, one of the 7 globally.   Sonny

        Trillianes did not recognize him 

       Such fronts have been responsible for degrading and giving bad pr to the country and its top

       leaders despite being 39 in the top GDP performer in the whole world

Perhaps the death of JMS and these moves finally bring peace and prosperity to the country

Politically motivated ?

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Politiko gunned down

We have a business partner who just ran for councilor but was gunned down days before the election.  It was a traumatic experience for him and the family.   He is  alive but pays for a bevy of security numbering

12 in all

It was insane to be gunned down near your home and witnessed by your wife and children.  And there could be not valid reason for the hit since he was a kind hearted barangay chairman for several years.

And all he could tell me as is in an island province is that it is politically motivated.  His opponents do not want him alive, because as he is coming out to be the strongest councilor, he could be very well be the next VM or Mayor.  

How brutal and insane could politics be even in small distant towns in the province.

Write down of $17 Billion ATI bonds anger holders, may trigger backlash to Swiss banking

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From Reuters - FINMA (swiss regulators) orders write down of ATI bonds

The Swiss authorities ordered the  write down of $17 billion of ATI bonds in the wake of the  UBS Credit Suisse merger    This has angered many bondholders, many of whom are institutional investors   It was reported that the CSB stockholders would get $3 billion

In the liquidation process, the  most junior of the stakeholders are the stockholders   Something could be wrong here.