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Re: MONETARY: Can we do this in the Philippines?
I agree with Ed's suggestion. Something similar was done in post-World
War II Japan. How to finance the changes so that (1) the repayment of
the government land acquisition bonds could be assumed by the farmers
as interest-free loans repayable with future farm profits, (2)
additional interest-free loans to farmers for improvements and advanced
farming technology, and (3) interest-free loans to all Philippine
citizens, including farmers, for feasible investment and future
supplemental capital incomes in the alternative energy, educational,
manufacturing, transportation, communications and other basic
infrastructure of a 21st century economy is what was missing in
Vietnam, Japan and elsewhere. One possibility for financing these
three goals is the adoption of a comprehensive "parallel legal system"
such as we prepared for the former Minister of Planning Otton Solis of
Costa Rica under a USAID contract before he was sacked. (Otton just
lost by a hair in his race in the last Costa Rican presidential
campaign) (See
http://www.cesj.org/homestead/models/costaricaesoplaw.pdf). Somewhat
more radical is to make all citizens equal shareholders of a national
or regional natural resources bank (see
http://www.cesj.org/homestead/strategies/regional-global/katrinaplan050907.html)
that rents out all land and auctions off extraction fees that can be
shared as dividends flowing to all citizen-shareholders (combining the
ideas of Louis Kelso and Henry George), where financing of all
productive activity can be done under either the "parallel legal
system" or by mobilizing enough people power to enact a Capital
Homestead Act for the Philippines. (See
http://www.cesj.org/publications/capitalhomesteading/whatif-flyer.pdf)
The problems you face, Eric, are built into all the capitalist and
socialist systems. The key to change is interest-free money and an
overall economic infrastructure that builds a true ownership society,
where economic power and money power flows from the bottom-up. The
challenge is to find new leaders who are not afraid of revolutionary
ideas.
Norm Kurland
Eric Encina wrote:
Adavans@aol.com wrote:
Ed Dodson wrote:"The Taiwanese landlords were required
to sell
portions of their land to government in exchange for government bonds.
Also,
caps were put on rents that could be charged to tenant farmers. This
allowed
farmers to accumulate financial capital to invest in their farms, to
increase output and help to make Taiwan self-sufficient in food
production.
Once this was achieved, Taiwan was able to invest in public goods and
build
its educational and manufacturing infrastructure. There are clear
lessons to
be learned for those who seek a better life for the Filipino people."
And it would make a great policy initiative for Venezuela as
well.
__________________________________________
Hello,
Thanks for your positive reply.
Could anyone suggest or give me specific mechanics how did the
Taiwanese did it? Our NGO of poor Filipino families is willing to
include this in our campaign if proven to be effective and feasible
for the poor Filipino farmers and citizens as a whole.
The major issue remains to be the defects of the present
financial system in the Philippines that must be initially addressed
and corrected to the core. There can be no real justice without
financial justice. Situation is indeed worse in the Philippines.
Filipinos are not only burning the candle at both ends but in fact
fluctuating between hope and despair under the present system, deadly,
life-soul-killing system of finance.
I have presented "solutions" below as I explain the Philippines:
History, Debt and Poverty.
The campaign for monetary reform is crucial and critical indeed.
I welcome more comments, suggestions, proposals or solutions from time
to time from anyone concerned to use as references. My work for
monetary reform, alternative solutions for sustainable survival of the
poor Filipinos, as the NGO license permits, will last until 2055. I
have more years to fight but I keep up the vision vision for change.
Thank you for your trouble reading this email.
SOLUTIONS
By
Eric V. Encina
1.
ABOLITION OF POLITICAL PARTIES IN THE PHILIPPINES
2.
FINANCIAL-ECONOMIC REFORM AND ALTERNATIVES
ABOLITION
OF POLITICAL PARTIES IN THE PHILIPPINES:
To begin
with and to be precise, there can be no any political stability and
sanity and economic security and prosperity in the Philippines as long
as there are bondage and preponderance of the parasitic, crooked,
pestiferous, infinitely silly and immoral political parties and their
hidden agenda continuously devastatingly and countlessly creating
tomfooleries, troubles, everlasting throes of divisions, pains,
atrocities, bickerings, backbitings, dilemma, misdirection, scandals
and indignities to Filipino people.
Political
parties are a tactics of division and diversion or at times astute and
tricky gimmicks of those politicians involved in the political parties
who are under the heavy-duty evil spirits of greed, avarice, ambition,
lies, scandals and personal vested interest. Political parties are a
useless tool as these are only serve the "interest" of its or their
members and selfish objectives, their mumbo-jumbo political strategies,
their logic turning upside down only for the advancement of their
ambitious power-grabbing political and economic ambitions and their
insatiable and adulterous desires for fame and wealth. Their concern
and interest are not of the common good or common people like the poor
and the needy in the countryside suffering the unnamed horrors of debt,
poverty, hunger, insecurity and hopelessness. Political parties are the
protectors and lackeys of the economic racketeerings as they are the
protectors of International Global Capitalism where they they get their
juicy commissions.
Political
parties and their politicians and the financiers are the enemies of the
Filipino people. They are all liar. Economic security and prosperity is
not possible under the debt-based financial-economic system and
nasty-muddy politics.
The
abolition of political parties in the Philippines is the drastic major
solution: As a concerned Filipino citizen, a victim of debt and
poverty for many years, as a Filipino Activist for Economic and
Monetary Justice, and as a Filipino Monetary Reformer and Social
Crediter/ now studying Socionomics-the new Science of economics
of common sense, with long years of studies and campaigns on these
issues, I can say that our situation is already "acute" and our economy
is in the dungeon of hopelessness and our survival is doomed to perish
under the present heavilly corrupt debt-based economic system and
nasty-muddy political system and pestiferous parties.
It is a
challenge to anyone who would like to serve the country to let him or
her, be an individual candidate or an independent candidate without a
need of forming or joining any political party.
The
root-cause of this present despairing political situation is the
existence of political parties under the tactics of debt finance,
fighting each other, taking the Filipino people in captivity. The
emergency solution is to call for the abolition of political parties
in the Philippines - this is
the first step drastic action.
URGENT
FINANCIAL-ECONOMIC REFORM AND ALTERNATIVES:
Corruption
is the major reflection or a bitter fruit of the heavilly-corrupt
debt-based economics and corrupt political parties. If we really want
to get rid of corruption or put it off, let us stop supporting any
political parties in the country and even do something to destroy them
slowly and precisely, Remember, corrupt politics or political parties
support corrupt economics, PROMOTE HEAVILLY CORRUPT DEBT MONEY
SYSTEM! They are two (2) faces in one coin. And sadly, compromised or
even corrupt media communications also support whether inadvertently or
intentionally, directly or indirectly the corrupt debt-based economics
and politics by providing avenue of opportunities of all sorts of
bickerings and even their failures to help address the root-causes of
the problems.
1.
National Monetary Reform: Stop or Cease Borrowing money from the
private/foreign and international/transnational bankers. Stop paying
interest! We have paid more than enough since since 1968 hundreds of
billions of dollars without any respite, without any rest, without any
consideration, without any pity to the poor multitudes
suffering unnmaed horrors of poverty, hunger and diseases! MUST WE
TOTALLY AND DREADFULLY STARVE OUR CHILDREN JUST TO PAY OFF THE DEBT
FROM THE INFINITELY UNJUST, SILLY AND RACKETERRING COMMERCIAL, FOREIGN
AND INTERNATIONAL BANKERS OF FIENDISH DEBT FINANCE? Initially we must
ask for debt moratorium or make an application to debt reduction or
total cancellation of debt through pressuring campaigns to G-8 rich
nations that monopolise world economy under the supervision and
tutelage of the International Bankers, per se, IMF and WB with
structural adjustment formula which is undeniably conducive to a form
of 'ECONOMIC GENOCIDE' to the poor Filipinos and to all third world
nations, promoting and causing the globalisation of dreadful poverty,
hunger, violence and disorder, environmental destruction and
degradation of human life. The major logic is economic justice. Debt
money system is the major tool behind the insatiable quest for economic
growth that only benefits for the sake of the few, the rich and the
powerful but indeed demoralises, impoverishes, shackles and torments
and kills millions and billions of peoples. Philippines is being
financially screwed for interest of borrowings that only favors off the
bankers and the politicians. The harsh conditions, prescriptions and
dictations being forced upon the Philippines as the
requirements for the eligibility of "aid" in the form of loans as only
monetary gimmick are of CRIMINAL DURESS that can make us sick inside.
Hence, the international banking racket is done using debt money system
to financially and continuously rape the Philippines as the
biggest and fantastic scams ever.
Create our
own money debt and interest free by using the Philippine Central Bank
(BSP) facilities through seiniorage system instead of borrowing money
from the private/foreign/international banks. Former Pres. Marcos did
it. Other governments are doing it now, that's why they are debtless
and in fact they provide economic security to their citizens. Other
countries are about to do the same and under way in the implementation
of monetary reform albeit there are others making complications,
hypocrisy and barriers to change and justice.
2.
Regional Currency debt and interest free through parliamentary form of
government in Luzon, Visayas and Mindanao. This will
be a regional currency backed up by the permission of the Government
and the people themselves alongside with the National Currency. Each
region can have financial freedom without too much control of the
national government and less miserable problems in finance and
politics. It has been successful in Argentinian economy that save
millions of poor Argentinian people from hunger, poverty, insecurity,
debt and despair but needs to be perfected for the long-term.
3.
Provincial Monetary Reform: Each province must have 'PEOPLE'S BANK' -
possibly the extension of Provincial Treasury Office or National
Treasury Office creating and managing debt and interest free money or
receiving grants or funds from the national government and or foreign
governments. The "People's Bank" can give or provide interest free
loans to the poor peoples in the provincewide and for the development
of the local economy.
4. For the
economic security to the people, the surplus budget of the provincial
government must be used to provide a supplementary/extra basis income
to poor families, unemployed, sick and the poor and the needy in the
province or a child support system/scheme to children of poor families.
5. Credit
Union: Every Provincial Government must support the establishment of
CREDIT UNION with the 90% of the financial capital from the government
and only 10% from those who would like to join for very low interest
lending system to the members for the sustainable development of local
peoples and economy.
6.
Provision of Cashless Credits: Filipino citizens whether in the
national and provincial level must be provided cashless credits (not
paper money) every year of their life. These credits would be entered
on a Debit-like card. These credits could only be used for the purchase
of foods, clothing, medicines, nutritional needs, rents or mortgage
payments, light, water, telephone bills, transportation and other basic
necessities for life or for sustainable living. Or the implementation
of BASIC INCOME OR SUPPLEMENTARY SCHEME TO ALL CITIZENS. Don't pay IMF
and WB and then give to everyone equally a supplementary basic income
monthly, annually from the cradle to the grave.
7. The
implementation of community or complementary currency in any village or
barangay or town or province. It is also debt free for the improvement
of local people and economy. This is called LOCAL EMPLOYMENT OR
EXCHANGE TRADING SYSTEM and other names. This has been very successful
in many countries all over the world like in UK, USA, Canada, Australia, New Zealand, Switzerland and EU
nations and in Asian neighboring nations like Japan. But this
is only very limited in scope and only temporary in a community or
region or province.
(Supplementary
Option or Practical Solution) PLEASE READ THIS MATTER VERY CAREFULLY. I
do not like jueteng under the present politicians' control. But I have
other altertive practical proposal.
8.
Legalisation of Jueteng: Jueteng can help save our local peoples and
local economy. It might not be necessary to legalise jueteng in a
nationwide level but when necessary and appropriate in a provincial or
regional level or in a municipality or a village or barangay level. But
jueteng should only be managed and controlled by the local peoples or
by the common people and NOT by the big businessmen or tycoons or by
the politicians of any political parties. Jueteng can only be immoral
and evil when it is controlled or participated by the politicians or
government officials for their own interest and profits. We must only
legalise jueteng to a place, province or region when it is necessary
and calling up for a demand to help the local economy and help save the
poor local peoples or families because of the lack or absence of money.
Legalisation of jueteng, its profits must be NON-VAT or be exempted
from VAT. However, its revenue could only be legitimately used for the
development of local economy and economic security for the local
peoples in a particular village or municipality or province or region.
In other words, the income must go back to where it came from.
I call it
"Micro-Gambling System for Local Development and Survival of the Local
Peoples" - as the economic or financial interim measure tool in our
struggles under the present economic system. It is much better than
legalising prostitution and pornography that damage life, family,
culture, morality and faith of the local peoples.
9. Or
Kelsonian Binary Economics Model for the Philippines? www.cesj.org
10. Or
various proposals of the members of COG at www.monetaryreform@cog.net.edu with the
Mission "to create, build and serve a coalition that promotes broad
ownership of productive capital; reduces inequality of income and
wealth; increases sustainable economic development; expands
opportunities for people to realise their productive and creative
potential; stabilizes local communities by improving living standards;
and enhances the quality of life for all." HOW CAN WE PUT THESE INTO
ACTION WHEN THERE IS NO MONEY, WHEN MONEY IS CREATED AS A DEBT?
Poor
Filipino families are in the savage cruelty of poverty, unnamed horros
of hunger, privations, exploitations and hopeleness under the present
debt money system, getting worse day by day, month by month, year by
year. Are there no implementable solutions or that we might advice
the poor to better make "self-termination" or take the ideology of
voluntary euthanasia or mass suicide to end up the 'ECONOMIC MISERIES'
in the Philippines? This is not a kind of moral blackmail. IN MASS
SUICIDE, SHALL WE SEE AND MEET IN HEAVEN OR IN HELL?
If you feel
it is difficult to support any of the abovementioned financial-economic
reform proposals, and you feel you like to support campaigning for the
legalisation of jueteng, please help. And to be blunt, let us legalise
jueteng in Roxas City or in Capiz Province. Never
mind the hypocrites using the aegis of morality and legality. What is
important is that we have the system or the means for our survival, for
our family, for our children. What is important is that we have
alternatives in this age of survival of the fittest. Our Church and the
Government cannot help us when it comes to money matters to help us
survive under the damaging debt-based monetary system.
Other
Supplemental Proposal: EXTREMELY SENSITIVE PROPOSAL FOR THE PANAY ISLAND.
Independence: Formation
or Creation of New Republic in Panay Island
To deliver
us from the extremely-chaotic Manila-based government politics,
scandals, corruptions, unjust and defective financial-economic system,
and if we want a radical solution, I propose a separation of Panay
Island from the rest of the Philippines and create or form our own new
Republic or our own new government, of our own system, of our own
non-partisan goverment system, of our inflation-proof, just and stabled
financial-economic system. Panay Island can be a
new republic or a new government comprising of 4 provinces. We have the
same governors, mayors and lower level members of the government, the
only difference is that we have the elected or appointed President,
Vice-President and the Cabinet Members. We can also elect Senators,
Congressmen in each province. We can make this island economically
prosperous and financially stabled without intervention of Manila. We can
create our own money. The Panay Monetary
Currency. We will also have our own armed forces, our national anthem
and flag.
There are
so many advantages if we will separate from the rest of the Philippines: first we
will be away from the Manila-based scandals and silly politics. We will
be free from Trillions of domestic and foreign debts that are
impossible to pay until the end of the world. Panay Peoples
should not contribute to pay interest to international bankers. Why do
we continue to contribute to payments of interest when in fact loans
borrowed by the Philippine government overseas do not or did not feed
down to us but only to corruptions and only back to vicious cycles of
interest payments.
Please help
us to separate Panay Island from the
rest of the Philippines and build
our own government. The first thing to do is to ask assistance from the
United Nations or even without but must be generally supported by the Panay Island peoples.
We do not need Manila anymore
except in trade or barter. We do not need Manila-based corrupt politics
and debt-based economic system. We must have independency in our island
from the cruelty of the systems. This is the true LIBERATION OF PANAY.
I ask the
peoples in all walks of life in Capiz, Iloilo, Aklan and
Antique and Romblon to be united in diversity and solidarity to
separate ourselves from the rest of the Philippines and make
our own new republic. I am sure many nations on earth will help us
economically and financially. God will help us.
Let us stop
politicking now. Let us build our new republic for the future of our
children and generations yet unborn.
For more
details and or if you want to help persue the solutions, please help
and contact me for any of this reform proposal to cure debt and poverty
problems and or explore other remedies as suggested to save our land
and our peoples from the savage cruelty of the evil systems.
Do you have
any comments? Do you have any urgent, workable and or practical
proposals for us to be comprehensively discussed for possible
implementation on our April 29,
2006, Sat.
wholeday seminar with 25-30 poor Filipino families from the villages?
Our
organization: Filipino
Alternative Solutions For Sustainable Survival, Inc, has the
illusion to raise US$50,000 to US$100,000 for our projects, activities,
administrations, campaigns, activism and war against debt money system,
poverty, hunger and financial-economic crisis and finally against
nasty-muddy politics in the Philippines. We wish to raise money from
2006-2020-2030. Please help if you are concerned, if you have
conscience, if you have genuine interest for change, for justice and
for the welfare of the poor inhabitants of the earth.
Mr. Eric V.
Encina, the Filipino monetary reformer/Social Crediter for 14 years,
Organic Farming Activist, Founder/President and Administrator of the
organization shall plan to run as an "independent candidate" for
Provincial Government position in Capiz, Philippines to attempt to
realise his mission and vision. Any form of political party is shun and
denounced.
Thank you
for reading. I expect your radical reply, comments, presentations,
suggestions, solutions, or assistance.
I am open
for more debates in a more understable way to the poor victims of debt
and poverty. I understand that some of you are scholars, academics,
professors, CEOs, economists, with masteral and doctoral thesis,
government officials, bigwig professionals of all sorts, that I am
nothing of my profession before you but I challenge that we must work
together because the poor cannot wait or ELSE REVOLUTION IS NIGHLY
COMING or war. Situations are very serious in all aspects and angles.
We must take action before it is too late. Crossing our arms or legs
are not longer acceptable. Or some say, forget it or come what may!
Come to go to fight for justice and for the betterment of all.
Timidity, cowardice and compromise destroy the real fight for change
and justice. Be counted friends right now!
Sincerely
yours,
Eric V.
Encina
Filipino
Monetary Reformer
Founder/President/Administrator
Filipino
Alternative Solutions For Sustainable Survival, Inc.
(A small
registered NGO of poor Filipino Families For Economic/Monetary
Justice/Reform/Democracy, Organic Farming & Sustainable Survival)
c/o Lito
Alhambra Old House, Homesite, Km2,
Brgy.
Lawa-an, PO Box 8, 5800 Roxas City, Capiz, Panay Island, W. Vis.
Philippines
Tel. No.
0063 36 6216-454
THE PHILIPPINES: History, Debt, Poverty, Misery and Solutions
By: Eric
V. Encina
HOW
LONG, O LORD, WOULD THE
POWER OF MAMMON OVER LIFE, LAST?
The
life of the poor in the Philippines is indeed
a cruel rigor under the most ruthless, parasitic, crooked and
pestiferous debt-based-logged swindling monetary system of its
monstrous cuckoos and monetary hoaxers, economic rascals and financial
hoodlums mercilessly slaughtering and salvaging the multitudes of the
poor with everlasting throes of pains, atrocities and countless
indignities and unnamed horrors by adroitly and astutely monopolizing
the monetary creation and operation.
As a poor Filipino Social
Crediter / monetary reformer and activist for economic/monetary justice
for almost 14 years from now in the Philippines
passing through the gruesome miseries of financial panic, shackles and
torments in the day to day and night to night torturous struggles
wrestling of our own extremely-insurmountable and dire poverty-stricken
circumstances of the roughest of economic litmus test of times under
the most calamitous and disastrous debt-related dreadful poverty and
financial-economic insecurity situation, let me comprehensively present
to all people in the first world, most particularly to the peoples
living in the G-8 nations-directly and indirectly involved in IMF and
WB’s monetary crimes against humanity, the Philippines case of debt and
poverty which as a whole, is extremely serious more than ever that
calls for crucial moment of clear action and attention. The time is
indeed ripe to take decisive action. And therefore I am assiduous
indeed in this mission-struggle for monetary reform in my quest to
liberate poor Filipino people from the bondage and evil yoke of the monetary mafia men and bankers towards an era of
economic democracy, justice, peace, freedom, equality, solidarity,
charity, sustainable living and prosperity for all.
WHAT IS PHILIPPINES – ITS ORIGIN AND PROBLEMS?
Filipino people in the
Philippines is a crossbreed of many bloods and races living in over
7,000 islands, an archipelago between South China Sea and the Pacific
Ocean with the total 75 Million inhabitants on which 88%
are in poverty. 50% of the entire population lives below
poverty line. This is mostly in terms of monetary poverty and less in
material poverty though many do not have
access to wealth. In about 23 Asian countries
which are politically independent in Asia, the Philippines is the only
country that has a worst democratic form of government and is
predominantly Catholic in religion. In 16th
century, Spain came to colonize the country for military and economic
expansion in East Asia, where the first Filipino natives had just build their own civilization, governance,
economic livelihood, barter economy, dialects and methods of learning
and survival. But our Filipino civilization on progress was stunted by
the military and economic impositions of the Spanish successive rules
discouraging any other way of life for the subjugated colony. But somehow the Filipinos are thankful and grateful
to Christian civilization because of Faith and
Morality but not of Western-based economic
system and methods. For the first time, Filipino natives’ peaceful
civilization was curtailed by the foreigners in 16th century.
The Filipino natives were
taught of Christian Catholic religion which was, and is good. But our
Filipino ancestors were forced to obey instead of allowing to develop our own potentials. This forcible yoke upon
the Filipino natives was for the enrichment of the European colonizers
for the wealth of the land and the sweat of the natives through
military and economic enslavements. Under the
Spanish rule and yoke, Filipino natives had revolutionized to obtain
freedom and charter their destiny but was brutally snapped and quelled,
silenced by death, exile, imprisonment and other forms of inhuman
torments.
In the period of 18th
century in the time of national revolution against Span seeking justice
for all crimes against the Filipino native people, but alas, in vain.
It was in 18th when the FIRST BANKING INSTITUTIONS were
introduced and existed in the Philippines by
the SPANISH AND BRITISH TRADERS AND BANKERS. The first Spanish Bank
“BANCO ESPANOL” was operating on deposit and loan accounts, relied on
gold, silver and coins. It was only in 1854
that Spanish Government/regime issues notes. Then followed by another
Spanish Bank named “MONETE DE PIEDAD” (THE BANK OF THE POOR) and was in operation for a decade but now it is
owned by the private-foreign-commercial – Singaporean bank. And even in
the time of Spanish rule, there were already
many banking institutions operating within Philippines where Filipino
natives has suffered usury problems, privations and all kinds of
sufferings of repression. Our Filipino native heroes were unsuccessful
against the political, military, economic and monetary invaders.
ANOTHER INVADER AFTER
SPANISH RULE:
The reign of Spanish power
in the Philippines was ended on May 1, 1898 after a bloody sea battle
between the American Naval Forces and Spanish Navy. Spanish
invaders were defeated. In June 12, 1898,
Philippines was declared independent from the Spanish rule with the
first Filipino President Gen. Emilion Aguinaldo with the military
assistance of the American power. But although Philippines was already
independent from the Spanish rule, it became a new colony of America
that on December 10, 1898, the American forged with the Spaniards the
TREATY OF PARIS of the agreement of INFAMOUS CHATTEL BILL of sale between the two countries when Spain has ceded the
Philippines to the United States of America for the SUM OF US$20
MILLION.
When America took control the Philippines after Spain, Spanish and British
banks remained. America has established INTERNATIONAL BANKING
CORPORATION and was absorbed by the NATIONAL CITY BANK OF NEW YORK IN
1904. More banking institutions were
established including the mind and issuance of coins. US CONGRESS
approved Coinage System, established a Gold Standard Unit with
theoretical gold PHILIPPINE PESOS. Gold Standard Act was enacted in
1903 but gold exchange standard lasted for only 30 years period. In 1916, PHILIPPINE NATIONAL BANK TRUST. CO. was
established as the sole depository of the Philippine
Government-authorized in issuing notes
believably banknotes. Also in this period when a bill was passed creating a BUREAU OF BANKING
and later became BUREAU OF TREASURY for the administration of the
American and Philippine laws concerning banking
and currency. And also in this period was also the revolutionary
efforts of the Filipino natives in the countryside against the
colonizers, that for two years Filipinos had hard-fought against
Americans but, alas, were also defeated bloodily because
of the superiority of US military and weapons.
By defeat and peace and even
compromise offering out of weaknesses, fear and
discouragement, the Filipino leaders have finally submitted to the
offer of PAX AMERICANA, the American peace
offer or in other terms, the offer of America to Filipinos to surrender
and be submitted unto them. In short, Filipinos
were again colonized by the new white people of America. Eventually,
America became the so-called foster-parent of the Philippines by
imparting the Filipinos the English Education, the arts of governance,
the arts of banking interest and usury, finance and economics and as
well as American diet, health and vaccination. This was known as the
PHILIPPINE COMMONWEALTH with the first President Manuel L. Quezon. America promised the Filipino people to give
independence and it was only realized 48 years
later in 1946 at the end of World War II that both countries have
participated in against Japanese Imperial Army.
When
Independence Day was granted by American government to the Philippines
on July 2, 1946 as declared and proclaimed by Pres. Harry Truman, the
COMMONWEALTH GOVERNMENT remained and it ISSUED DEBT AND INTEREST FREE
MONEY FOR THE NEEDS OF THE REPUBLIC AND ITS POPULATION. But it was only
in a very short period of time when the Banking System was
rehabilitated, changed and strengthened as patterned after the US
Federal Reserve System, and therefore the debt free money creation was curbed. And like US Federal
Reserve System, the Central Bank of the Philippines was established in
1949 controlled by the policies of the American Federal Reserve Bank
and now by the foreign/commercial and international bankers. In 1986 the Central Bank of the Philippines became
independent as it is known as BANGKO SENTRAL NG PILIPINAS (BSP) as
provided by the Constitution. And by the
subsequent pressures of the US Federal Reserve banks and
foreign-international banks, Bangko Sentral Pilipinas (BSP) was also
forced to introduce trade and currency speculations although with trade
and exchange controls for 10 years. In 1961 the Philippine Peso was
allowed to float at the exchange rate of P2 to US$1, but now in
continuing devaluation at P54
to US$1.
THE CALAMITOUS IMPACT OF
INTERNAL AND EXTERNAL DEBTS:
Even prior to the
independency of the Central Bank of the Philippines, the Philippines
has already entered a commitment of membership to its first program
with the pernicious IMF in 1968 through tremendous economic pressures,
and eventually the country has undergone a re-structuring of its
ballooning foreign debts and skyrocketing interest. Since its IMF
dollar induced debts program at interest, the Filipino people had begun
to experience successive series of excruciating monetary crisis,
double-digit inflation and frequent Peso currency devaluation. The
Philippines continues to incur the shocking impact, darkening and
threatening sky of massive foreign and domestic debts, now posts its total debts of almost close to US$200 BILLION
or P5 Trillion and increasing rapidly than ever for 2005 with almost
US$10 Billion annual interest payment plus payments to some odious
debts to other bilateral creditors contracted by the past
administrations.
In 1980’s during the time of
great President Ferdinand E. Marcos, he vehemently opposed the system
of IMF and WB. He proposed debt moratorium, cessation of debts and
proposed Bagong Lipuna creation of Government Peso money debt and
interest free which for sometimes he did from his Martial Rule power.
But it did not last long as he was successively and heavily opposed by
the International Bankers and countryside communist rebels. He was
demonized by the Western-based and local economists and condemned by
political enemies. He was dethroned from power by silly popular
uprising known as ‘PEOPLE POWER’, was accused of graft and corruptions,
dictatorships and alleged to have been the brain of the assassination
of his political opponent Sen. Benigno Aquino, Jr. who was exiled in
USA in 1980’s and was able to garner political supports and sympathy of
the international institutions and communities. But all these wild
accusations against Pres. Marcos and his family until now were not
proven true because evidences presented have been too weak and
unfounded. All these things were fabricated by
the global manipulators, international bankers and the communist
rebels. Pres. Marcos has fought hard against the policies of the IMF,
and had in mind to continue creating all the Philippine money through
seiniorage system through the Philippine Central Bank instead of
borrowing money at interest to International
Bankers. His dethronement was found to have
been caused by major manipulation and international plot of the
international financiers and global manipulators. Pres. Marcos was also
advocating ‘ASIAN DOLLAR REGIONAL CURRENCY’ in the 1980’s but was not
materialized because of the mountainous oppositions of the global
mega-bankers.
Following the People Power
Revolution the 1st in 1986, Mrs.
Corazon C. Aquino was appointed President of the Republic, then
followed by President. Fidel V. Ramos, a military in 1990’s, followed
by President Joseph E. Estrada in 2000—who was also ousted from power
on another preposterous accusation of economic plunder and yet until
now unproven, and followed by another People Power Revolution the 2nd and appointed Mrs. Gloria Macapagal-Arroyo in
2001-2004, re-elected last May 2004 Presidential and National Election
for another term of 2004-2010.
THE
PROBLEM WITH ALL THESE POLITICAL CHANGES AND GOVERNMENT ADMINISTRATIONS
IS THAT THEY ARE UNDER DEBT FINANCE. ALL THESE ADMINISTRATIONS HAVE
BEEN UNDER THE FOUL PLAGUES OF DEBT OF THE INFAMOUS DEBT-BASED ECONOMIC
SYSTEM OF THE INTERNATIONAL MAFIA-BANKERS IN THE HOLOCAUST OF THE
DEADLY QUAGMIRE OF PENURY WITHOUT RESPITE. THEIR TERMS IN OFFICE HAVE
BEEN SUFFOCATED BY THE MASSIVE, NEVER-ENDING, EXCRUCIATING AND
SQUEEZING INTERNAL AND EXTERNAL DEBTS AT HAIR-RAISING AND SKYROCKETING
INTEREST PAYMENTS. UNDER THEIR TERMS, WITH THE LITTLE EXCEPTION OF
PRES. MARCOS WHO FOUGHT AGAINST IMF AND WB POLICIES, FORCED BY
MEMORANDUM OF AGREEMENTS WITH THE TRANSNATIONAL BANKING INSTITUTIONS,
MANY OF THE MOST BITTER ORTHODOX FINANCIAL-ECONOMIC PILLS HAVE BEEN
SWALLOWED TO AGREE AND UNDERGO THE CRUELEST ECONOMIC POLICIES AND
STRUCTURAL REFORMS FOR FURTHER BORROWINGS UNDER THE TUTELAGE AND
SUPERVISION OF THE FIENDISH AND INFAMOUS IMF-WB.
Life of the poor, bereft of
financial-economic security and democracy, in the Philippines, is
always prone to swiftly running to death under the most ferocious and
swindling debt-money system. The nation is known to be democratic in
South East Asia but a sham democracy, bereft of economic bill of rights
for the poor Filipinos but financial power and monopoly is solely
vested to bankers, major privileges are favorable to multinational
corporations, the corrupt politicians of various unstable and chaotic
political parties, and the most subtle and adroit independency of the
CENTRAL BANK OF THE PHILIPPINES, not just as a bank of the bankers but
essentially a form of structural reform policy of the IMF in 1980’s
following People Power Revolution I and as declared in the 1987
Constitution of the Republic of the Philippines, Article 12, Sec. 20.
Hence, democracy is not what it is but DE-MOCKERY AS IRONICALLY, THE
DEMOCRATIC PROCESS IS BEING TREMENDOUSLY MANIPULATED AT ALL SIDES AND
SUBVERTED BY ELITISTIC PRESSURE GROUPS AND MONEY-ECONOMIC POWER
COMPLEXES AND POLITICAL AGENDA OF THE DIFFERENT OPPOSSING POLITICAL
PARTIES WHICH ENSURE THE FULFILMENT OF THEIR OWN AGENDAS, NO MATTER WHOM WE ELECT OR NO MATTER WHICH PUBLIC
FIGURES ARE VOTED INTO OFFICE. Democracy has become a democratic power
of the few who control the money, the local and commercial tricky bankers
of the privately-owned Central Bank of the Philippines or BSP with
special favors to foreign bankers and under the control of the BANK OF
INTERNATIONAL SETTLEMENT (BIS) based in
Switzerland, which is the central bank of all
central banks in the world, and the cruel
policies of IMF, WB, ADB and other bilateral banking institutions in
controlling money and perpetuating debt money system through banking
deregulation, liberalization, privatization and
globalization policies. It is not a real
economic democracy because only hundreds rich but BILLIONS ARE POOR,
MARGINALISED, DEMORALISED AND IMPOVERISHED. Poor Filipinos have been
suffering economic slavery, sabotage, stagnation, devastation and
deprivations of almost 80% of the population. In short as
a whole, a form of savage cruelty against humanity.
There are no greater human
and civil rights violations than withholding of financial-economic
security, rights and livelihoods of peoples. There is no greater
‘TERRORISM’ than financial manipulation and monopoly of
peoples’ credit, of the peoples’ livelihoods for privately
political and financial gain. IT IS VERY SAD THAT MOST EDUCATORS, THE
PASTORS, MINISTERS, THE RELIGIOUS LEADERS, THE POLITICAL LEADERS, THE
ECONOMISTS, AND THE PEOPLE’S ELECTED REPRESENTATIVES: the Senators,
Congressmen, Governors, Mayors down to officials of the low levels of
the government in the Philippines, EMERGE AS THE UNWITTING ‘TERRORISTS’
too—who in silence, some perhaps or for certain for financial and
political gain and interest, CONDONE DEBT MONEY SYSTEM, THE BANKING
SYSTEM’S recondite harvesting of the fruits of the productive society’s
labors.
IF THE
BANKS CREATE AMPLE SYNTHETIC MONEY, WE ARE PROSPEROUS, IF NOT, WE
STARVE.
The dehumanizing economic
situation of 80% Filipino population because of hardcore poverty caused
by debt money system must be given an utmost and serious attention
before it is too late to the point of civil war and chaos. Philippines
has become doomed as a very poor and heavily-indebted Third world
nation in SE-Asia that under the present money, it is ostensibly
hopeless to emancipate its inhabitants from the curse of spells of
man-figure-made poverty. The whole nation is shackled and doomed
without direction in the most deadliest economic crisis, the
culmination of both monetary and material poverty are conspicuous
everywhere under the cruel tragedy of debts of IMF-WB regime with
rampant unstoppable effects of devastating violence, insurgency, war in
the countryside, increasing family breakdown, spiritual, moral
deformity, physical and environmental destructions.
Based on the reported
statistics, we have around 15,000 death rate of Filipinos everyday in
the countryside caused by poverty-related-hunger-diseases circumstances. Philippines has 15 Million
unemployed/under-employed in the countryside without any form of
economic assistance or security or aid from the government. Forced by
domestic poverty, insecurity, hunger, uncertainty, Filipino women are
taking the very risky option of working overseas, shamefully as
domestic helpers while their small children are left behind to husbands
and family relatives with the cases of abuses, cruelty and
maltreatments. There are already 4.5 Million Filipino women working as
slaves mostly in the Middle East Countries where they suffer told and
untold abuses, cruelties and forcible
prostitutions. There are around 700,000 to 1 Million Filipino women,
many at young age, who are mercilessly
entrapped in trade flesh or in shameful, nasty and racketeering
prostitution businesses that include pornography being operated by the
local and international syndicates. Filipino women being
forcibly engaged in prostitution by financial-economic, poverty and
family difficult circumstances, are scattered
overseas and in the countryside, and alas, reportedly, increasing in
numbers daily.
Philippines has 4.5 Million
cases of abortion annually or 1,111 daily. Unfortunately, abortion
culture is supported by international agencies like UNPFA, WHO, UNICEF, IPPF, corporations, foreign governments’
international development aid agencies, and individual tycoons with
anti-natal propaganda and agenda mostly from the Western countries
where enormous amounts of money from their own taxpayers’ money are
used for death, are wasted so much for life-health-destroying and
killing contraceptive-abortion methods in the Philippines but there is
no any form of monetary and material aid to the poor and the needy
Filipino families and children in the countryside. Because
of never-ending shortage and absence of money problems in relation to
poverty, unemployment and insecurity, many poor Filipino women and
mothers are pressured to do ABORTION – THE MURDER OF THE INNOCENT
UNBORN CHILDREN. Millions cannot get married
officially that end up in pregnancy with or
without contraceptives . There are increasing numbers of Filipinos
engaged in immoral practices of pre and extra
marital affairs that also contribute to poverty cases. Getting married
in the Philippines is officially, civilly and sacramentally expensive. It only shows
that money is really necessary to build a better family for a better
community towards a better nation. Without
money is a kind of disaster.
88% of the Filipinos are
poor, that is, 72.16 Million. Hence, 50% of the
82 Million Filipinos lives below poverty line, that is, 41 Million
where cases of death rate are very high in the countryside. And in
order to prevent from poverty trap or not to be below poverty line, the
Filipino Family actually needs a minimum US$300 in Philippine Peso
equivalent monthly income for survival. (And if possible, if and when
money reform proposals are implemented, there must be SUPPLEMENTARY
BASIC INCOME OR DIVIDEND TO EVERY FILIPINO CITIZEN FROM THE CRADLE TO
THE GRAVE IN THE AMOUNT OF US$300 to US$500 annually as a share of the
country’s progress as everyone is co-contributor, as a co-heir of the
country’s wealth, resources and production by virtue of citizenship,
and according to the law of justice and charity and in obedience to the
laws of God Who is the Creator of all good things for all).
But alas, at present, the
ordinary Filipino citizen only earns $50-200 a month, or $1-3 a day.
However, those who earn $300 a month are considered lucky. Government
officials have much higher income but they are engaged in graft and
corruptions and stealing money adroitly in the government coffers.
One of the major reasons why
there are increasing syndicates in doing illegal businesses or illegal
drug or gun trafficking and or increasing racketeering and scamming and
heinous criminals is because of the lack of income for survival. And
this exactly correct when one money reformer wrote that the lack of
money turns good men bad as it drives individuals and communities into
chaos, violence and bankruptcy.
Philippines has
3.7 Million children working from ages 5 to 7. There are 10.6 Million children are malnourished. In 1995-2000,
there were 23 Million malnourished, although it declined significantly,
but still the same. There are 28.7 Million Filipino young people who
are alcohol or liquor addicts while there are already alarming rate of
young addicts to marijuana and shabu and to other illegal drugs in the
countryside. Hence, the total drug addicts are reportedly around 5
Million according to the latest statistical reports. Some are doing
drug trafficking for business and employment purposes. However, illegal
and highly-toxic drugs are also a real threat to all people. This is a
real international problem affection nations and local peoples and
communities. Again, under the present money system, this is all about
profit of those companies and tycoon-individuals victimizing the poor
and the innocents.
The official statistics of
University of the Philippines’ Population Institute, and the evidences
around, have shown that Philippines has increasing 1.9 Million suicide
cases or 5,205 daily in the countryside. The major reasons or causes
are : poverty, debt, bankruptcy, desperate
money problems, unemployment, insecurity, family problems, addiction,
diseases and philosophical/ideological/spiritual reasons or cults. But
most of these are mainly influenced by the present financial system.
There are millions of poor Filipinos who have no access to potable water
living in unsanitary and unhygienic shanty and squatter areas in the
most unimaginable and cruel life survival daily. Philippines has 15 to
20 Million Filipino farmers and their families suffering the curse of the banking-system-made poverty without any form of
assistance from the government and 5 Million of them are suffering from
deadly types of cancers caused by environmentally-devastating
chemically-based farming only for the interest and benefit of the
multinational corporations like MONSANTO. Because of debt money system
and chemically-based farming, Filipino staple foods have been poisoned,
contributing to increasing cases of degenerative
and auto-immune diseases. What kind of food we have now in the
Philippines, not even good for the animals?
And because of poverty
induced by the US$, Japanese Yen, Euro debt-based money system, it is
also one of the major causes of PHILIPPINE ENVIRONMENTAL DESTRUCTION,
depriving Filipino people of the economic,
social and cultural basis and natural environment, underlying the poor
peoples’ existence in the country. For many years of cruel debt finance
or debt-related poverty, the struggle to survive forces the poor
marginalized families and the hungry to massive over-exploitations of
sensitive eco-systems. Poverty in the country
caused by the debt-based economic system is continuously conflagrating
in more than 7,000 islands that causes among other shocking miseries
and throes of pains to groaning population, the untold and unimaginable
environmental destruction and violence against nature. THE PHILIPPINE
CLIMATE IS CHANGING VISIBLY DUE TO SCARCELY REDUCED LEVEL OF GREENHOUSE
GASES AND BIOLOGICAL DIVERSITY AND IS DISAPPEARING RAPIDLY. It is
admitted that Philippines is among the top 5 countries whose
environments are in grievous danger. It is strongly depressing that
most of the countryside rivers, lakes, streams, beaches most
particularly in urban areas are becoming nastily polluted
endangering both humans and animals.
International Bankers and multinational corporations making large
profits form the interest payments and the trades of chemicals do not believe, when confronted, they have any
responsibility towards the victims of the environmental destruction. And even after the World Summit on Sustainable
Development in 2002 in Johannesburg, South Africa, many of the
Western-based nations – the investors of the international banks, did not, as they still do today, the nightmarish
situation of the poor Philippines and of the third world nations as a
whole in the edge of total environmental destruction caused by their cruelest economic and
monetary policies of debt money system under the supervision and
tutelage of IMF, WB, ADB and other foreign-transnational
banking/financial institutions. THIRD WORLD DEBT IS CALAMITOUSLY
DESROYING THE ENVIRONMENT BY WAY OF FINANCIAL/ECONOMIC PRESSURES IN THE
FORM OF MACRO-USURIOUS INTEREST PAYMENTS WHERE THIRD WORLD NATIONS AND
THE HUNGRY AND INSECURED INHABITANTS HAVE ALREADY PAID MORE THAN ENOUGH
FOR MANY CRUEL YEARS OF POVERTY AND ECONOMIC ENSLAVEMENTS.
Dreadful poverty due to
chronic shortage of money as it is controlled in front of the rising
prices of basic living essentials affects so much tragically to the
nutrition an diet of the poor Filipino families and children, peace and
order in the Philippines. There are so many crimes committed in
relation to poverty and money problems. Increasing numbers of children
and families suffering malnutrition in the countryside without any assistance from the
government could only mean that the present financial-economic system
is the HIDDEN MENACE to peace, human health and
nutrition. The poor Filipino families consume anything what is (or are)
on the table in order to survive. The poor (mostly nutritionally
ignorant with few exceptions, and under the
conspiracy of drug companies about truths and
lies of good health) are not so much bothered whether foods at hand are
good for their nutrition or diet or not,
because what is important is that there is any thing they can take for
the empty stomach. The poor Filipino population is under constant and
heavy pressures daily by the violent system of the debt-based economy
being perpetuated by government and the international bankers in
collusion to our economists only interested to their private interest
and profits and almost totally bereft of concern, of justice and of peace for the poor.
Just like any Third world
nations condemned on earth by the debt-based economic system, the
present financial-economic system in the Philippines is astutely and
adroitly anti-life, anti-family, anti-human, anti-order, anti-justice,
anti-peace and anti-nature. The never ending fluctuation of currencies
as astutely manipulated by the fraudulent market mechanisms, by the
INTERNATIONAL HIGH FINANCE CAPITALISM and the GLOBAL MANIPULATORS is a
crime against the poor Filipinos. THE PRESENT DREADFUL POVERTY OF THE
MAJORITY OF THE FILIPINO PEOPLE AND THE CONTINUING-WORSENING ECONOMIC
AND DEBT CRISIS ARE WANTONLY CRIMINAL. Philippine Peso devaluation in
favor of the mighty US Dollar and other first world currencies
alongside with the high rate of inflation, is affecting the poorest of the poor and is adversely nerve-wracking and
torturing than ever. Money is only for the benefit and advantage of the
financial-economic vultures, launderers, speculators, usurers and
swindlers, war & scandal mongers, weapons manufacturers and
traders, chemical and drug companies selling products inimical to
health, peace and to environment.
I have been a victim of
painful dire poverty, along with my family members, friends and
town/province mates in the Philippines. And I can say that as long as
we are here in this country or as long as the system of unjust finance
goes on, we would certainly remain in poverty. Working hard did/do not
liberate us from the curse of poverty. For all you to know, I suffered
child hard labor, verbal and physical abuses, malnutrition,
deprivations, dreadful diseases, hunger and all forms of injustice and
employment discriminations in the past 1980’s and 1990’s.
The future in the Philippines looks dimmer and bleaker than
ever. THERE IS REALLY SOMETHING WICKED MECHANISM WITHIN
THE ECONOMIC SYSTEM THAT
CAUSES AND PERPETUATES POVERTY, INJUSTICE,
VIOLENCE, INEQUALITY AND DISORDER IN OUR COUNTRY.
As a Freelance Writer, an
activist for economic justice and Social Credit monetary reform for
many years working in the Philippines, I have
been seriously concerned and frequently worried about the situation in
the country mainly because of the devastating effects of ENORMOUS
INJUSTICE AND CRIMES being violently brought about by the infamous
debt-based economic system. THE PROMISE ON PROSPERITY AND THE POVERTY
REDUCTION TARGET ARE A DELUSION, A MIRAGE AND CONTINUALLY IN GREATER
RISK WITHIN THE PRESENT SYSTEM, UNLESS A REALISTIC APPROACH TO ENORNOUS
INDEBTEDNESS IS SERIOUSLY AND CREATIVELY TAKEN INTO ACTION OR UNLESS
THERE IS MORE REALISTIC DEBT RELIEF OR CANCELLATION EFFORT THAT MUST BE
FINALLY AND RADICALLY IMPLEMENTED IN THE THIRD MILLENIUM.
Because of economic
injustice which is the cause of poverty and violence, the chronic
shortage of money of the structurally-deeply-flawed debt-based at
interest money system, millions of Filipino people are in the most
debilitating situation. Skyrocketing interest
payments and UNPAYABLE FOREIGN AND DOMESTIC DEBTS ARE MORE THAN
TERRIBLE THAT CONSEQUENTLY REQUIRE THE PRIVATIZATION OF GOVERNMENT
ASSETS, IMPLEMENT OIL AND BANKING DEREGULATIONS FOR THE PROFIT AND
ADVANTAGE OF THE INTERNATIONAL BANKERS, FREE TRADERS AD THE INSATIABLE
INTEREST OF THE MULTINATIONAL CORPORATIONS.
Due to scarce employment
opportunities, low wage and salary, poor working condition, injustice,
poverty, debt, insecurity, bankruptcies, family problems and
hopelessness within Philippines, there are around 7 to 10 Million
Filipinos working full-time and par-time as
commonly called FILIPINO OVERSEAS WORKERS both in white and blue collar
jobs, and some doing businesses legally and illegally for desired
better lives, security and sustainable living across the globe. But
despite of the claims of US$8 Billion in
remittances to their families back home, it still does little to
liberate Filipino from poverty and lift up the Philippine government
from fiscal crisis. In the first place, migration and immigration
through helpful for the short-term, is not the solution to economy for
the long-term so long as we are under the debt money system. Their
Filipino migrant and immigrant workers are not also exempted from
financial abuses and taxation policies. One example is the excessive
fees being imposed by foreign/commercial banking
institutions upon the Filipino overseas workers when they send their
remittances to their families to the Philippines. And
they are not also exempted from taxation when they come back home.
There are about 2,000 to
3,000 Filipinos leaving for employment abroad everyday in search for
better lives and security. Many are reportedly suffering from abuses
and maltreatment from racial discrimination to economic deprivations
It is also a savage cruelty
that due to chronic shortage of money and devastating indebtedness of
many poor families, we have millions of Filipinos who find themselves
homeless, landless and asset less. Just as the
money is controlled by the private banks, land is likewise controlled
by the Spanish descendant landlords, by the alien-business peoples like
Chinese, Japanese, Korean, Vietnamese, and the
American-British-European-based multinational corporations in
multi-level business operations. Hectares of
land and home properties are, by law, mercilessly confiscated
by the Philippine authorities because of real property or inheritance
tax delinquencies of the home and land owners. Over-pressured Filipino
taxpayers who cannot afford to pay taxes are branded as delinquent
Filipinos. What we do not know is that taxation is a legalized robbery
under the present defective financial-economic system!
Filipino people are crippled
physically, spiritually, morally, economically, culturally and
environmentally by the crushing debts of the Philippines under the most
nefarious power of the present private banking system, of the unjust
policies of the International Finance. The justification
and pride that Filipinos are economically salient than other peoples on
earth under the IMF-WB program are very deceiving and mesmerizing,
adroitly misleading to hide or cover up the ugliest crime of the
banking system.
The country has been already
suffocated to massive and everlasting internal and external debts at
skyrocketing interest payments. At 100% Philippine annual fiscal
budget, some 50% is for INTEREST PAYMENTS as Automatic Appropriations
Law under Presidential Decree No. 1177, institutionalized as Sec. 26
(a) Book 6 of the Philippine Revised Administrative Code of 1987
astutely perpetuated by the opportunistic International Financiers in
collusion with government officials who prioritize debt
payments as the TOP ITEM in the budget with the 2005 allocation of
P301.7 Billion, some documents have revealed that actually Philippine
interest payment is a staggering P645.9 Billion. The P301.7 Billion
represents interest payments only for the National Government Debt
which recorded at P3.4 Trillion Total Debt last 2004, some have
computed at P5.6 Trillion total debt including Municipal and Provincial
debts. According to the reports, payments for the debt principal are
amounting to P334.2 Billion which are mandatory appropriation due for
2005 that would bring to P645.0 Billion---which is computed to a daily
debt service of P1.77 Billion, a hemorrhaging financial payment at the
costs of millions of poor Filipinos groaning and moaning in dreadful
poverty and dungeon of debts in the countryside. The government has no
money, in fact, with the budget deficit of P200 Billion. At present,
Philippine government has been on loan negotiations to
private/commercial/foreign and international bankers to raise US$4
Billion either in Euro or US$ to re-finance maturing obligations –
meaning to pay interest payments and address budget deficit – and the
major reason why the Arroyo Administration is pressured to re-enact the
12% Expanded Value Added Tax or known as E-VAT as a condition in
obtaining loans from these private/foreign/international bankers.
Anyone can see or rather must see that most of the budget deficits over
the years remained UNRESOLVED mainly because of debt bondage and
interest payment vicious cycles. And 12% is a new gimmick and is likely
going to increase again in the coming years – as a major part of the
structural reform policy of the IMF to Philippines and to all
highly-indebted third world nations. WE MUST REMEMBER THAT E-VAT IS
JUST A TOOL TO FULFILL AND SATISFY THE
DICTATORIAL DEMANDS AND CONDITIONS OF THE IMF AND THE PRIVATE, FOREIGN
AND INTERNATIONAL BANKERS IN ORDER TO PAY THE INTEREST CHARGES TO
COUNTRY’S FOREIGN DEBTS, AND TO ADDRESS SUCH BALOONING BUDGET DEFICITS,
REPEATEDLY AND PERENIALLY DAMAGING THE COUNTRY AND THE PEOPLE EVERY
YEAR. Budget deficit is impossible to eradicate under the present debt
money system. 12% Expanded Value Tax is now implemented in the
Philippines, the major reason why the prime commodities and prices of
basic essentials are increasing making it difficult for the poor
families to survive.
What is indeed cruel is
that, like interest payments, the principal payments are deemed as
automatically appropriated by the Presidential Decree. THERE IS A
PRESIDENTIAL DECREE TO PAY INTEREST TO AVARICIOUS INTERNATIONAL BANKERS
ENSURING THAT THE MONEY IS APPROPRIATED AUTOMATICALLY BUT THERE ARE NO
LAWS TO PREVENT HUMAN BEING FROM DYING OF EXTREME POVERTY. We may be
allowed to criticize the Presidential Decree, but we cannot be allowed
to repeal or touch it. We can also scrutinize the
budget, that is, the interest payments, but they cannot be allowed to
be slashed. INDEED THEY ARE TWINS UNDER THE IMPERIALISM OF DEBT MONEY
SYSTEM.
The Philippines has paid
more than enough interest payments. It is already a heinous crime
against humanity. This is infinitely silly and under the debt money
system, the Philippine society, its population, culture, resources and
civilization are certainly doomed to perish.
With this everlasting
calamity of debts accompanied by pestiferous calamities of useless
political warfare among government officials, in the executive,
legislative and judicial departments are shackling and tormenting the
entire Filipino population while millions are in the state of national
despair facing dreadful poverty, insecurity and violence. We are almost
at the brink of a civil war if hunger, unemployment, insecurity,
injustice, indebtedness and financial-economic crisis will not be soon
addressed and resolved. It is a silly chapter of our Filipino history
that our nation is divided by political parties, by ideologies, by
philosophies, by culture, by religions and faiths and the painful
division between the rich and the poor. We are sailing on a paper boat
of debt and instability without any direction. What
a great disaster to a nation in the deepest pit of debt and dire
poverty when 95% of the domestic and foreign debts are evidently
attributable to compounding interest charges of the cannibalism and
vampirism of private/commercial/international bankers. As a result, 80%
of the Filipino population is impoverished to the bone, skinned alive
to death as perpetuated by the internationally unjust and
environmentally destructive economic system and sinful structures of
debt. These $200 Billion total debts and other odious debts incurred by
the successive Philippine government administrations that tremendously pressure the Filipino population and destructively
destroy the environment are in fact, already paid many times over
through the sleight macro-usurious interest payments that
since 1968 to 2005 with approximate computation that Philippines has
paid back more than a hundred billion dollars. WE SEE THAT UNDER THE
DEBT MONEY SYSTEM, THE BANKING INTEREST AND PROFITS ARE MORE VALUABLE
THAN HUMAN LIFE. This is how the International Bankers have built up
their enormous vested interest to Filipino life
miseries. They adroitly use engineering monetary gimmicks to put the
Philippines and the entire population into a dungeon of indebtedness
and dreadful poverty that have taken into
dimension of a great scandal.
We, the poor, hungry,
disease-stricken, ageing citizens, miserable Filipinos with so many
needs unmet, continue our torturous struggles to the bone, in the state
of financial-economic recession-depression and environmental
decomposition. We do not owe these gargantuan debts to private and
international bankers but the cruelest effects of the Western-based
outdated monetary debt-based money system.
The general misery of the
Filipino people because of the imperialism of debt money system coupled
with chronic political chaos is already unbearable, intolerable,
unacceptable and therefore condemnable. Filipino people could no longer
endure to extend the callousness of the banking system, that Filipino
people’s most essential demand is denied: FINANCIAL
SECURITY. The People’s Money is controlled. THE DEBT MONEY SYSTEM HAS
ALREADY CAUSED US TOO MUCH IRREPARABLE DAMAGES TO OUR LIVELIHOODS AND
DAILY LIFE. The complete apathy of the bankers, economists, politicians
and public servants to the rights of the poor and the calls for
FINANCIAL-ECONOMIC BILL OF RIGHTS towards better living conditions lead
to ever debilitating circumstances with excessive oil hikes,
double-digit inflation, peso devaluation or depreciation, purchase
power adjustments of the privatized electric agencies, electricity and
water rates increase, unemployment, hunger, suicides, rampant heinous
crimes, violence, conflagrating insurgencies and rebellions in the
countryside, the increasing rates of bankruptcy, and the 10 to 12%
Expanded Value Added Tax measures and other spiritual and moral
unthinkable conditions.
As I explained previously,
in relation to debt, poverty and misery of the Filipino people, let me
explain further the iniquity of the 10-12% E-VAT being compulsorily implemented by the Philippine government is very
important for the entire population to understand. 10-12% Expanded
Value Added Tax is being forcefully dictated by the IMF as part of its
structural adjustment loans upon the country to pay the hugely
accumulated interest charges of the country’s huge foreign debts. It is
a legalized robbery to satisfy the demands and conditions of the
pernicious IMF which has turned out to be an abominable economic and
financial crime against the Filipino people in general. Increase of
taxes and devaluation of money in general of almost everything and the
high cost of living due to increase of the prices of prime commodities
and services while less and less money in depreciation on the pockets
of the poor citizens most particularly the AGEING CITIZENS, in the
state of miserable illnesses, insecurity and
hopelessness and millions of others in the state of semi-starvation and
actual hunger. IT IS THEREFORE SHOCKING THAT BECAUSE OF 10-12% EXPANDED
VALUE ADDED TAX OR EVAT BEING IMPLEMENTED AS A LAW, REQUIRED BY THE IMF
AS A COUNTRY’S SUCCESSIVE MAJOR TAX REFORM, THE FOODS, MEDICINES,
RENTS, TEXTBOOKS AND SERVICES, ARE DRIVING MILLIONS OF CITIZENS INTO
DEPRIVATIONS AND HORRIFYING CIRCUMSTANCES. IS THIS INTRICALLY EVIL THAT
EVAT IS IMPLEMENTED JUST TO RAISE GOVERNMENT REVENUES TO PAY INTEREST
TO INTERNATIONAL BANKS AND TO SHORE UP BUDGET DEFICITS? Don’t we see that this is one of the terrible evils of
debt money system? For me, this must be scrapped as it is blatantly
unjust and immoral!
PHILIPPINE – Bataan Nuclear
Power Plant racket of debt money system:
How unspeakable it is that
Philippines is also heavily and odiously indebted to US Firm
Westinghouse and US EXIMBANK OR U.S. Export and
Import Bank from the original loan of US$1.2 Billion to US$2.1 Billion
that since 1980’s has been paying from US$350,000 to US$400,000 up to the present in the amount of US$155,000 DAILY
INTEREST OR US$56,575,000 every year, PAYABLE UNTIL THE YEAR 2018 and
beyond! How lamentable it is that the overburdened Filipino people or
taxpayers in the quagmire of poverty are being forced to pay taxes in
more radical tax reform measures to pay interest charges to these
transnational banks for these odious debts contracted by the traitorous
leaders of the government. Hence, this nuclear power plant has been the
most useless, the most expensive, and one of the most dangerous nuclear
power plants in the world. This is a colossal wastage of money for the
destruction of the Filipino people and the environment. This is a
scheme of the hocus-pocus and chicanery tactics crafted by the US
Westinghouse Company in collusion with the voracious government leaders
financed by the interest-bearing loans from the US EXIMBANK. It is not
just an odious debt but the bitter fruit of vastly damaging debt money
system. This debt, like other country’s domestic and foreign debts,
must be repudiated now.
CONCLUSION:
Many experts, economists,
politicians and bankers believe and assume that the international debt
crisis is so complex. But who makes it so complex? They
are pretending to be ignorant about it. They
know all about it and yet they keep on their conspiracy to continue
hiding the ugliness and crime of debt money
system because of their vested interest and profits. But to Social
Crediters, Monetary Reformers and economic and monetary activists, it
is not so. The monetary reformers know the solution and we have the
alternatives. We have presented such solutions
and alternatives many times for many years but rejected. The so-called
economic peritus or experts to whom we rely for too long on debt issue,
money, poverty problems have taken us over to
wrong direction of the financial enslavement of the debt-usury system
of money creation by the banking system with millions of daily
casualties, hopelessly struggling to survive to death in the Philippine
countryside.
The Philippine debt crisis
has not been abated but in fact it is getting enormously apocalyptic
than ever killing more millions of Filipinos in savage cruelty. As a Filipino Monetary Reformer and activist for
economic and monetary justice, working for a mission for alternatives,
I experience daily and witness the inhuman sufferings and difficulties
of fellow Filipinos in the countryside in rural and urban villages,
towns, provinces, and cities caused by the enormity of debt-related
poverty owed and contracted by our successive government
administrations to multilateral and bilateral financial institutions in
the developed world. Dreadful poverty at the national level is
parasitically permeating down to the lives of
the poof and the most vulnerable Filipinos in the countryside. The
burden of the dollar induced debts to
transnational banks borne by the poor with billions of pound upon their
back, who pay for interest charges a the cost of human life. Payment of interest in terms of income reduction,
under-funding or no more funding for health and education services and
more and or forceful collection of taxes are really terrible. BANK
CREATED MONEY OR DEBT MONEY SYSTEM LEADS TO DEPRIVATION AND
MARGINALISATION OF THE POOR FILIPINO POPULATION INTO IRONIC STAGE OF
PERPETUAL FINANCIAL HEMORRHAGE.
Philippine dollar induced
debts are onerous. We have more than enough of debt payments always
being prioritized (getting almost 50% of the national budget) above any
item in public expenditures, including education, health, housing,
environment and agriculture. The Filipino people who are oppressed by
the system want to cancel or write off debts to IMF, WB, ADB and to
most bilateral rich creditors in the West. We want to stop payments of
interest to US banking institutions such as to US EXIMBANK and J.P.
Morgan Banking and to others, those debts that go to graft-ridden and
environmentally-destructive projects in the countryside. We want to be
free from the calamitous consequences of colossal debt bondage,
iniquitous and stiff taxes imposed by the international bankers,
non-existent public services, skyrocketing interest charges and rates
and the negative impacts of loan at interest conditions.
ABOVE ALL WE WANT TO BE FREE FROM THE ENSLAVEMENT OF THE MOST
PERNICIOUS WESTERN-BASED DEBT-MONEY-SYSTEM.
THE NATIONAL MONETARY REFORM
PROPOSED SOLUTION:
To radically cure the
problem of the present miserable poverty in the Philippines, first, we
must get out from the present defective financial system, cancel all debts, for these are all odious debts (we have
paid more than enough) under the tricks of the banking system. We must
resist by all possible means with prowess and strong public opinion to repudiate further payments
of interest both domes
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