MONETARY: SC Monetary Reform Act For The Philippines

[Eric Encina <ericencina@yahoo.com>]

Sample of Philippine Government Credit Check

MUST WE CONTINUE STARVE OUR CHILDREN JUST TO PAY SKYROCKETING INTEREST CHARGES TO PRIVATE,COMMERCIAL, FOREIGN BANKERS, IMF AND WB? HOW LONG MUST WE DEPEND ON SHAMEFUL FOREIGN AID IN EXCHANGE OF OUR DIGNITY AS PEOPLE? WHY NOT CREATE OUR OWN MONEY NOW DEBT AND INTEREST FREE AS SHOWN BELOW? WE NEED TO MAKE IT KNOWN TO THE WHOLE FILIPINO POPULATION AND PRESSURE THE GOVERNMENT TO PUT THIS INTO LAW BEFORE IT IS TOO LATE. FILIPINO PEOPLE ARE DYING IN THE ENDLESS AND HORRENDOUS DEBT AND POVERTY IN THE COUNTRYSIDE. HOW LONG WE WILL TAKE ACTION?

 

Republic of the Philippines                                                  Check No. 2006-1

Congress of the Philippines

Constitutional Hills 1119,                                                     Date: 7/2/2006

Quezon City, Metro Manila

 

Pay to the order of: Bureau of Treasury                    P500,000,000,000.00

 

Exactly: Five Hundred Billion Pesos / and no centavos

	Authority Signature
	Sponsoring Congressman
	Speaker of the House
	President of the Senate
	President of the Philippines

 

Philippine Government-Credit            

Disbursement Account

 

No: 2006-1-A

Project

title: Deficit Liquidation

7

 

 

        (Check routing symbols “-“OOOXOXZX”-‘: 1111”-OXZZ”)

 

 

THE PHILIPPINE GOVERNMENT THROUGH THE DEPARTMENT OF FINANCE  UNDER THE PRESENT DEBT-BASED HORRENDOUS FINANCIAL-ECONOMIC SYSTEM ONLY PRINTS THE BORROWED MONEY AT INTEREST DECEPTIVELY THROUGH THE FACILITIES OF THE PRIVATELY-OWNED CENTRAL BANK BUT DOES NOT CREATE THE MONEY. ALL THE MONEY BEING PRINTED ARE FROM INTEREST-BEARING LOANS FROM THE PRIVATE, COMMERCIAL, FOREIGN AND INTERNATIONAL BANKS.

 

THE ULTIMATE SOLUTION AS A SAMPLE ABOVE. THE SOCIAL CREDIT NATIONAL  MONETARY REFORM ACT:

 

The Philippine Government must stop borrowing money from the private, foreign and international bankers. Cancell the debts. We have paid more than enough. Withdraw membership from IMF, WB, BIS. Cancell all the bilateral lending schemes and agreements.

 

CREATE OUR OWN MONEY DEBT AND INTEREST FREE according to the needs of the country: the government expenditures and the population,  backed by the GOVERNMENT OR THE STATE AND THE FILIPINO PEOPLE AS SHOWN ABOVE THROUGH the  THE FACILITIES OF THE GOVERNMENT CONTROLLED CENTRAL BANK.

 

There is no valid reason for the Philippines to be hugely indebted and to suffer horrors of poverty in the countryside.  There is no lack of figure or number, no lack of ink and paper with which to create and  print the money for the needs of the country.

 

Social Credit  Monetary Reform Policy Proposals TO SOLVE POVERTY AND DEBT PROBLEMS IN THE PHILIPPINES:

 

1. THE CASH CREDITS OF THE POPULATION OF ANY COUNTRY SHALL AT ANY MOMENT BE COLLECTIVELY EQUAL TO THE COLLECTIVE CASH PRICES FOR CONSUMMABLE GOODS FOR SALE IN THAT COUNTRY, AND SUCH CASH CREDITS SHALL BE CANCELLED OR DEPRECIATED ONLY ON THE PURCHASE OR DEPRECIATION OF GOODS FOR CONSUMPTION.

 

2.  THE CREDITS REQUIRED TO FINANCE PRODUCTION OR DEVELOPMENT SHALL BE SUPPLIED NOT FROM SAVINGS, NOT FROM TAXES, BUT BY NEW FINANCIAL CREDITS RELATING TO NEW PRODUCTION.

 

3. THE DISTRIBUTION OF CASH TO INDIVIDUALS SHALL BE PROGRESSIVELY  LESS DEPENDENT UPON EMPLOYMENT. THAT IS TO SAY THAT THE DIVIDEND SHALL PROGRESSIVELY DISPLACE THE WAGE AND SALARY.

 

Please help to realise the  Social Credit Monetary Reform Act in the Philippines.

 

 

Thank you.

 

 

 

Sincerely yours,

 

 

Eric V. Encina

FILIPINO ALTERNATIVE SOLUTIONS FOR SUSTAINABLE SURVIVAL MOVEMENT

c/o Lito Alhambra Old House, Homesite, Km2, Brgy. Lawa-an, PO Box 8,

5800 Roxas City, Capiz, Philippines

Tel. No. 0063 36 6216-454

ericencina@yahoo.com

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