Send a Tweet
Most Popular Choices
Share on Facebook 7 Share on Twitter Printer Friendly Page More Sharing
OpEdNews Op Eds   

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

By       (Page 2 of 3 pages) Become a premium member to see this article and all articles as one long page.   No comments
Become a Premium Member Would you like to know how many people have read this article? Or how reputable the author is? Simply sign up for a Advocate premium membership and you'll automatically see this data on every article. Plus a lot more, too.
Author 69804
Message Eric Encina
Become a Fan
  (1 fan)

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.

Next Page  1  |  2  |  3

(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).

 

Must Read 1   Valuable 1  
Rate It | View Ratings

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...)
 

Related Topic(s): , Add Tags
Add to My Group(s)
Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)
 

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Saving Farms In The Philippines & The Entire Planet Through Organic Farming Solutions

Organic Farming - One Of The Best Alternatives To End Global Warming, Climate Change And Environmental Destruction

The Cessation of Monetary Charity Aid Culture In The World(?)

Debt-Free Money Creation and Dividend To Every Citizen Can Ignite and Revive Hope In the Philippines By Eric V. Encina

Is God Helpless On Money Matters?

Life & Debt/Death In The Philippines Under Debt Finance & Usury

To View Comments or Join the Conversation: