Special Deposit Account (SDA) is seemed to be a scheme of the Central Bank is the method of controlling money to decrease money supply. Demand and supply is not a problem - the problem is the lack of money, not the excess of money. Again inflation is intrinsically and adroitly caused by debt finance and usury, not by calamities, war, etc.
And as published to PDI/10/18/2015, the Philippine House of Representative has approved a bill amending the 23-year-old NEW CENTRAL BANK ACT to increase the monetary authority's capital base by FOUR TIMES. As mandated in the pro-banking bill, it mandates an increase in the Bangko Sentral Ng Pilipinas capitalization from PHP50 Billion to PHP200 Billion (literally the Philippine Government's bail-out by taxpayers' money to the privatized central bank) as it says to allow it to cope with an expanding economy and more complex financial system and thus would expand the central bank's Monetary Stability Fund to, accordingly, help it perform its constitutional mandate(?), build up reserves to cover foreign exchange fluctuations and issue debt securities. This capitalization is subject for review every five years by the concerned Government departments and agencies.
The Government is always prepared to bail-out the bankers, but there is not any form of bail-out for the poor Filipino people, for the poor Filipino farming families in terrible crisis, in drought and in calamities except with very the very selected few by political choices.
And if anyone doesn't agree with me, what is your (the) solution?
The problem of DEBT FINANCE at usury that is being prolonged - continues to present insuperable and insurmountable difficulties to everyone of us in the Philippines and all over the world.
PLEASE TAKE NOTE, TOO, THAT OUR PHILIPPINE DEBT IS INCREASING AT P1.2 BILLION DAILY IN THE CALENDAR YEAR IN THE EQUIVALENT OF $millions of dollars.
PHILIPPINE 2016 NATIONAL AND LOCAL ELECTIONS:
I am a non-partisan concerned Filipino citizen-voter.
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