First the Zero Sum Game of Global Finance – 4th Edition
Forbes 40 Richest Filipinos–Total Net Worth June 2012 – $47.43B
US trade deficit as of October 2012 $42.20B
Millennium Challenge Corp. Fund for the Philippines 5.0B
$47.43B $47.20B
I remembered where the $5 billion balance is to add to the US Trade Deficit column ($42.2B + $5.0 Billion = $47.2 Billion)
As of August 2002 Millennium Challenge Corporation has set aside $5 billion for the Philippines. To this day this fund has yet to be released for lack of viable proposal.
Dec. 11, 2012 – According to this news the U.S. Trade Deficit as of Oct. 2012 is $42.2 BILLION. Whereas the total net worth of Forbes 40 Richest Filipinos as of June 2012 is $47.43 billion. So we need an additional deficit of $5.23 billion to close the ZERO SUM GAME OF GLOBAL FINANCE.This is quite an improvement since before I use to compare the net worth of the 40 Richest Filipinos with the budget deficit of one state only – California. It was always equal, a truly zero sum game.
California Budget Deficit $26.6 Billion++ as of 03-29-11
40 Richest Filipinos–Total NW $26.2 Billion~~ as of 03-09-11
+ ^^ ~~ – From Forbes Magazine
As Prof. Hilton asked in 2004, how much donation did any of these Forbes 40 richest Filipinos give to the ANNUAL victims of typhoon, flood and mudslide in the Philippines?
I’m calling this the ZERO SUM GAME OF GLOBAL FINANCE – 5th Edition 12-11-12
The silence of the World Bank, IMF & the UN regarding the Philippines where news are in plain English is quite deafening.
“No one can make you feel inferior without your consent” – Eleanor Roosevelt
Bienvenido Macario
Lemuria
Ancora Imparo
IGA
Forbes 40 Richest Filipinos as of June 2012 – Total Net worth $47.43 BILLION
http://www.forbes.com/philippines-billionaires/list/
No. Name Net Worth ($millions)
1 Henry Sy & family $9,100
2 Lucio Tan & family $4,500
3 Enrique Razon, Jr. $3,600
4 John Gokongwei, Jr. & family $3,200
5 David Consunji & family $2,700
6 Andrew Tan $2,300
7 Jaime Zobel de Ayala & family $2,200
8 George Ty & family $1,700
9 Roberto Ongpin $1,500
10 Eduardo Cojuangco $1,400
11 Robert Coyiuto, Jr. $1,300
12 Tony Tan Caktiong & family $1,250
13 Lucio and Susan Co $1,200
14 Inigo & Mercedes Zobel $1,150
15 Emilio Yap $1,100
16 Jon Ramon Aboitiz & family $955
17 Andrew Gotianun & family $825
18 Manuel Villar $720
19 Beatrice Campos & family $700
20 Vivian Que Azcona & family $690
21 Alfonso Yuchengco & family $570
22 Mariano Tan, Jr. $420
23 Enrique Aboitiz & family $400
24 Eric Recto $365
25 Jose Antonio $300
26 Gilberto Duavit & family $270
27 Menardo Jimenez $265
28 Frederick Dy $260
29 Manuel Zamora $255
30 Alfredo Ramos & family $250
31 Oscar Lopez & family $245
32 Felipe Gozon & family $240
33 Betty Ang $235
34 Wilfred S. Uytengsu, Jr. family $230
35 Juliette Romualdez $200
36 Bienvenido Tantoco, & family $195
37 Jacinto Ng $190
38 Tomas Alcantara & family $160
39 Michael Cosiquien $150
40 Edgar Sia $140
TOTAL $47.43 BILLION
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US trade deficit grows to $42.2B because of fewer exports; deficit with China hits record high
By Martin Crutsinger, AP Economics Writer | Associated Press – 1 hour 22 minutes ago
Tuesday, December 11, 2012
http://finance.yahoo.com/news/us-trade-deficit-grows-42-134011017.html;_ylt=Aq29TWADL0hpNm17o1EPrNL2uYdG;_ylu=X3oDMTQ4cTk3ODhmBG1pdANUb3AgU3RvcnkgTGlzdCAgTm8gQ29sbGVjdGlvbgRwa2cDNzc0YTFlY2UtNWEwZi0zNzg0LTk1YzctNzBlZjVlOGE1MmRjBHBvcwM0MwRzZWMDdG9wX3N0b3J5BHZlcgMyMGUwODE4MC00M2IyLTExZTItYmZiNy05Yzk3ODkwODRjYjE-;_ylg=X3oDMTFlamZvM2ZlBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdAMEcHQDc2VjdGlvbnM-;_ylv=3