Aug. 23, 2013 at 3:24am

INTRODUCTION:

As predicted in Aug. 2012, the E.U. was officially in recession on Sept. 20, 2012 but the Irish economy will be spared.

However the “minor hiccup” predicted on Dec. 14, 2011 for Feb. 2012 happened on Feb. 2013 laying the basis for the Perfect Storm Over Asia.

From: Bienvenido Macario <laspinassja@yahoo.com>
To: jaime de jesus ; Las Pinas
Sent: Wednesday, December 14, 2011 10:44 AM
Subject: Re: EU should act on or before March 2012 (to avert the recession of 2012)

Bro.,

American workers should at least have the option to manage their own social security or let the government manage it for them just like the options federal and state employees have.

Conclusion: It is time to establish our own colony in the Philippines just like the pilgrims fled England for the New World. (I think this happens every so often.)

PS: Don’t worry, Washington DC, Wall St. and Europe are in the biggest financial crisis ever as I’ve expected. Bro. the way I see it, it will get much worse by March 2012 tops. (Greece’s and Spain’s bank runs started in May 2012 – BM Aug. 14, 2012)

There could be a “minor hiccup” in Asia centered in Manila around Feb. teens 2012. But it will just be a minor distraction.
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Currency Worries Not Currency Wars – IMF’s Lagarde 2/18/13 – Perfect Storm Syndrome Nonetheless

https://www.nedmacario.us/currency-worries-not-currency-wars-imfs-lagarde-perfect-storm-nonetheless/

The 2013 Perfect Storm visited the U.S. on June 19, 2013* as posted on this blog and my Face Book. https://www.nedmacario.us/the-perfect-storm-has-arrived-june-19-2013/

Then it went to Asia and gained strength where it hit landfall starting with the Indonesian stock market crash on Aug. 19, 2013. The rest of the Asian stock markets crashed reminiscent of the 1997 Asian Currency Crisis.It went back to the West devastating the stock markets from India, Mexico, Brazil all the way up to South Africa by Fri. Aug. 23, 2013. The hardest hit among the 31 emerging market currencies were Mexico and Brazil. Bienvenido Macario shared a link.

August 5 near Riverside, CA

August 5, 2013 8:13am

For obvious reasons, the topic of wealth and money gets everyone’s attention.
One could look at the recent stock market climb to new highs as another “Irrational Exuberance” as coined by Alan Greenspan on Dec. 5, 1996 or seven (7) months before the Asian Currency Crisis. In reaction to the biggest financial crisis to hit Asia, China, Japan and the tiger economies started stockpiling, actually hoarding US dollars.“We need to stop considering huge reserve holdings as a financial strength. They are a trap that is complicating economic policy making. It’s time Asia devised an escape.”

From: The $7 Trillion PROBLEM THAT COULD SINK ASIA
By William Pesek Aug 1, 2013 2:00 PM PT
http://www.bloomberg.com/news/2013-08-01/the-7-trillion-problem-that-could-sink-asia.html

Posted on Face Book on Aug. 8, 2013 (8/08/13)

August 8, 2013 at 11:46am – Bienvenido Macario The Perfect Storm Syndrome is a very complex and global problem. Even China and Japan have the same problem.

While the Philippines is struggling with dollar denominated imports, China, Japan and others are having problems with their trillion-dollar hoard buffer for a currency crisis that may not come. However if they have a better “program” to tackle currency crisis, and I’m sure there are some out there, who then thought that the $$ hoard is not a problem but a blessing.

HOW FILIPINO OLIGARCHS MADE MONEY AFTER TYPHOON MILENYO (9/27/06)

By July 2013 the 50 Richest Filipinos as listed in Forbes Magazine have a combined net worth of $65 billion. Twenty-five years ago, there wasn’t a single Filipino on Forbes Richest. How did they do it?

If you look back before Sept. 27, 2006 the peso-dollar exchange rate was the highest. Up to P53 + to $1.

Then after Sept. 2006 the pesos “STRENGTHENED”! Why? It was because of Typhoon Milenyo when downed power lines were stolen. The Lopezes figured out quickly it will cost them a fortune to replace the copper wires bought in the 1950’s when the rate was P2:$1. They had to buy dollars cheap so they brought down the exchange rate to P43:$1 at the expense of OFW’s families.

From that time on, unscrupulous people in government in cahoots with the oligarchs agreed to keep the peso “strong” at P43:$1. But that rate is unsustainable. Now the power & fare rates MUST go up. This is the reason PAL has cancelled some of its flights except those with international $dollar$ paying flights.

In other words, the Perfect Storm is upon the Philippines now (Aug. 08, 2013).(In fact by Aug. 19, 2013 stock markets in Asia starting in Indonesia started crashing all the way to South Africa by Fri. Aug. 23, 2013. ). And it could get a lot worse. Estrada could do something. He could seek autonomy for Manila and negotiate as a Freely Associated State. Singapore started as a city-state or island state.

Super Typhoon Milenyo (Xangsane) Sept. 27, 2006

http://www.youtube.com/watch?v=NNNmx0hpQ8k

The artificial strength of the Phil. pesos (Since Dec. 2006 P43:$1 rate?!) cannot cope with the reality of the US dollar-denominated price of oil imports. If the peso is at least P120:$1, then these flights could be profitable. Since Cebu Davao terminals have international flights, domestic flights are subsidized by the price of the international trips.

19 hours ago • Edited • Like

In other words, the Perfect Storm is upon the Philippines now Aug. 5, 2013. And it could get a lot worse. (And it did! In fact by Aug. 19, 2013 stock markets in Asia starting in Indonesia started crashing all the way to South Africa by Fri. Aug. 23, 2013. ). Estrada could do something. He could seek autonomy for Manila and negotiate as a Freely Associated State. Singapore started as a city-state or island state.

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The news story below is the sign of the impending “Perfect Storm Over Asia, Brazil, Mexico all through South Africa. (8/19 to 23/13)

Excerpt: “It’s a business strategy,” the official said. Philippine Airlines (PAL) has removed all its domestic flights effective August 1, an official of the airline said.

The PAL official, who requested anonymity, told Interaksyon.com that PAL domestic flights were transferred to PAL Express, the flag carrier’s low-cost carrier unit. PAL however retained its Cebu and Davao flights because these destinations have international connecting flights.

In a statement, PAL president Ramon S. Ang on Monday qualified that the flag-carrier will not discontinue service to any domestic destination, but would expand its code-sharing agreement with affiliate PAL Express.”

Philippine Airlines (PAL) doesn’t fly within the Philippines anymore
Aug 05, 2013

http://www.eturbonews.com/36785/philippine-airlines-pal-doesnt-fly-within-philippines-anymore?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Eturbonews-TravelAndTourismIndustryNews+%28eTurboNews+-+for+the+global+travel+professional%29

Perfect Storm Over Asia to India, Mexico, Brazil up to South Africa (Components)