There are now papers floating around that the BPI account in Julia Vargas has a running balance of around Php22,000xx from March 2015 to March 2016. It's peanuts, and Trillanes makes a big fuzz about it? Sonamagan, even call center agents would have this kind of bank accounts; definitely does not show a corrupt DU30. And then, Trillanes talks of 42 real estate properties, but mostly owned by the children of DU30. Yet, the first one that media checks is a unit in P Guevarra, which is only valued at 2.3 million. Even ordinary employees could buy such unit. That could hardly buy just the main door, an imported antique, in the house of Binay, which has been valued at 15 million, yes just the freaking door by itself. What is this, they are again using trial by publicity, which they effectively used on CJ Corona whom they accused him of having 80 properties. In the end, it comes out Corona had only four properties, three of which was purchased for investment purposes only. I don'...
The Marcos Administration, during the 1972-81 martial law period tripled the country's road network, doubled the electrification of the country's homes, increased irrigated cropland eight-fold, and achieved rice and corn self-sufficiency. Minimum daily wage rates tripled, although inflation, driven by international oil price hikes and exploding U.S. interest rates, more than wiped out these wage increases. The oil price hike got Marcos thinking about Nuclear power. But the opponents of Marcos were soon being wined and dined in Washington, by both the right wing (Shultz and Wolfowitz) and the left wing (Rep. Stephen Solarz, Sen. Ted Kennedy, and Princeton's Richard Falk) of the "Project Democracy" apparatus, which performed the subversive tasks assigned by the synarchist banking institutions. Salvador Laurel, the son of the quisling President of the Philippines under the Japanese occupation, headed the opposition after Aquino's assassination, and in Februar...
Leni Robredo admitted to Mike Enriquez during a radio interview on May 9 that she owned stocks at Meralco. She also admitted that such had a value of 95k pesos in 1995. Robredo did not declare the value of these stocks, and while she declared owning stocks, the value of such is not listed in her SALN as an asset. Now after doing some crowd-sourcing and math, here is what I found out. I could not get the share prices of Meralco stocks in 1995. What I got thanks to Carlos A Jr Cortes is the value in 2000 which is 4 pesos per share. Using this, and this is even conservative since the price in 1995 must have been lower than 4 pesos, then Robredo owned at least 23,750 shares of stocks (95k divided by 4). The current share price of Meralco is 272 pesos per share. If we use this value, then Robredo has at least 6.46 milion pesos (at least 23,750 shares multiplied by 272 pesos per share) of assets which she failed to declare in her SALN. Using the Corona precedent, this is an i...
Filipinos are renowned for being utterly unable to co-operate. Even within families they cheat and abuse each other. Nobody trusts anybody else for a very good reason: most Filipinos are untrustworthy. They’ll stab you in the back if they think there’s some short-term gain in it. This is a hole that’s very hard to dig yourself out of. Nobody can offer to help his neighbor, or his neighborhood, or his country, because he knows that sooner or later one of two things will happen: he’ll be slapped down for failing to conform to social expectations, or he’ll be ripped off so often that he’ll just give up. So exactly how do you suppose a strong, independent nation is going to be built upon that? It’s impossible. Strong societies are strong because they learn to co-operate among themselves. There’s nothing shameful about teaming up with others for mutual benefit: in other words, helping each other. But the Filipino sees everything as a power play. He cannot comprehend the idea...
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