(People are frequently suffering shortage of cash, the lack and absence of money but the Philippine Central Bank or Bangko Sentral Ng Pilipinas is talking about excess liquidity or overgrowth of money in circulation?)
"EXCESSIVE MONEY SUPPLY COULD LEAD TO HIGHER INFLATION" (???). Philippine Hon. BSP CENTRAL BANK DEPUTY GOV. DIWA GUINIGUNDO
"IT IS DEBT AND INTEREST, OF DEBT-BASED ECONOMY THAT PERNICIOUSLY CAUSES INFLATION, NOT DEBT FREE MONEY CREATION". ERIC V. ENCINA
We need debt-free and or usury-free money to keep the economy in motion without bondage of debt, and too much inflationary pressures.
"Where justice is denied, where poverty is enforced, where ignorance prevails, and where any one class is made to feel that society is an organized conspiracy to oppress, rob and degrade them, neither persons nor property will be safe" -- Frederick Douglass
"A good person knows the rights of the poor, but wicked people cannot understand such things." -- Proverbs -- 29:7.
It is very easy to blame the poor of their poverty circumstances but difficult to do so against the powerful, and in fact, more prone to protect and defend the powerful from any assaults of attacks. MOST OF THE POOR PEOPLES IN THE PHILIPPINES ARE BLAMED BY THE GOVERNMENT, BY THE INSTITUTIONS, BY THE BANKERS, BY THE COMPANIES, EVEN BY THE CHURCHES, BY THE POLITICIANS, BY THE RICH and by some merciless and apathetic citizens because they are poor, but seldom they blame the pestiferous debt money system--which is the major root-cause of disparity and the unjust and unfair distribution of wealth. They do not blame the horrendous debts that result into evil fruits as listed above.
For every peso being collected as tax that the Filipino taxpayer pays to the government, the biggest part of it (about a third) only goes, as a major priority by presidential decree, to our foreign and international creditors that impose us so many conditions detrimental to Filipino people.