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Why Is the Philippines A Poor Country In The South East Asia? By Eric V. Encina

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Corruption is one of the bitterest repercussions of the deadliest and most corrupt "ex nihilo debt-based money system and usury". Corruption would remain forever so long as the economy depends on debt-finance corrupt-disaster capitalism and usury.

But if we write the debts off since we have paid more than too much in more than 30-60 years already, other than debt moratorium or suspending to pay our debts which are seemed to be 97% odious, and by legislation, create our own money Philippine Peso debt-free, by invoking the public finance through the facilities of our own central bank like what debt-free nations such as Hong Kong, Singapore, China, Brunei, Taiwan are doing, then we will have a huge amounts without pressures, foreign and international threats and intimidation to solve more than half of our country's problems. Failure to do this extremely necessary financial reform, will mean to translate as nightmarish to all Filipinos. And it is all presently nightmarish particularly for the poor Filipino farming families under the most defective agricultural system and policies in the country. The level of despair in the Philippines is rising more than 90% everyday while crimes are soaring heinously without respite.

Also one of these, is that Filipino women are now widely known as selling their bodies for money to survive. This is one of the most shameful things happening in the Philippines.

The present of Catholic Church religion in terms of clean finance or system, cannot help: THE CATHOLIC CHURCH/VATICAN Poses Hindrance to Debt-Free Money Creation. The Church however can only help in terms of Sacraments, spiritual, moral, pastoral and theological matters, but in terms of social and economic system and issues, the Church Hierarchy, members, priests, bishops, laypeople can hardly help the poor except perhaps with the very few in other countries. Sadly, reportedly some members of the Hierarchy are members of the Illuminati who are actually behind the control of money by putting all nations on earth into the debt and usury traps.

The saddening and sickening fact with our huge domestic and foreign debts is that our Philippine government has to borrow more and more through and from the scam and racketing vicious cycles of debts of the bankers, to be able to pay century old debts (that have been already paid more than too much) , and thus the more we pay, the more we get indebted endlessly, WITHOUT EXIT, with corresponding and skyrocketing interest payments. We are starving our children just pay our domestic and foreign debts. We are killing our farmlands just to pay the debts. The government has become the tool of the international bankers to destroy its own citizens. Both self-destructive and outside methods of destruction are being done against the poor.

Former President Ferdinand Marcos and his cronies--the people who plunged us all into these massive debts in the 1980's --must be held accountable for this appalling crime, however, there are other criminals behind. There were good things done by Marcos such as DEBT-FREE CURRENCY OF BAGONG LIPUNAN, but complicated by some political, economic events and some conspiracies of the Western world governments planned out by the GLOBAL MANIPULATORS. It is for certain that the IMF and WB and their creation is the ultimate crime of the bankers. There are documents that it was IMF and WB that induced Philippines into massive debts. And Mr. Marcos who tried to fight against IMF and WB, was dethroned from Presidential powers.

Apologia Pro Marcos?

When Marcos took over the presidency in late 1965, the country's foreign debts stood at only US$465 million. When he was swept from power in early 1986, those domestic and foreign debts had reached US$26 billion--a 26,000 per cent increase! Today, the Philippine national debts at combining domestic and foreign amounts to more than US$300 billion already or P6 Trillion, with almost P900 Billion Pesos interest payments or US$900 per second of interest, and during the time of Gloria Macapagal, it was reportedly increasing at US$100 Million daily debt increase, and it is all for the interest of the bankers.

Marcos' successors, that is, the Philippine presidents from Cory Aquino, Ramos, Estrada, Macapagal down Benigno Aquino, Jr, had to borrow, and will borrow vast amounts from those private, domestic and foreign bankers, to pay those odious debts that he and they themselves accumulated under debt-finance economy. It has now become a never-ending vicious cycle, mind-boggling and nerve-wracking and hair-raising to every Filipino citizen to see the gargantuan debts of the Philippine Government, and only a miraculous turn of events which I know through monetary reform legislation, and change of global financial-economic system can help and save us from the dungeon of debts and being buried forever in huge debts under debt finance calamity.

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Eric Encina Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

I am 45 year old Filipino guy, married, a freelance writer, a local newspaper columnist, author, an organic farming campaigner, a campaigner for life, family, justice and reforms, with love and compassion and justice for all humanity, working (more...)

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