Category: Economics & Finance

March 26, 2013

This is what I posted on my face books.

Other than the oligarchs of the Philippines DO FILIPINOS LIKE MYSELF AND MY LATE WIFE HAVE PROPERTY RIGHTS?

I’ve combined pages 1 & 2. Her adviser was Prof. Roland Horne who’s from New Zealand.

Below is the acknowledgement page. She was supposed to graduate in summer of 1990. However she has to take a leave to give birth to Gabriel.

I told her it may not be a bad idea NOT to finish her paper and her degree, after all she’s involved in the exploration of ALL known geothermal resource areas in the Philippines. She started working with PNOC-EDC in the late 1970’s.

“I really have to finish my paper and studies.” was what she said to me. Had we an inkling that only oligarchs in the Philippines have property rights, I would have asked her to switch to education or something else.

It was only when Pres. Aquino III went to New Zealand in Oct. 2012 and cut a deal for the Philippine businesses that I learned Paul Aquino, the younger brother of the assassinated Ninoy Aquino was in charge of privatization of PNOC-EDC where Elena worked. “Smart Paul” sold the government energy companies to the Lopezes at dirt cheap prices.

It turned out women in the Philippines no matter how smart or how hard & dedicated they work or how pious they pray have no future. Oligarchs can take anything they want. I wrote about this in 2008.

There are two basic groups of oligarchs in the Philippines the Chinese and Spanish variety.

According to Stanley Karnow’s book: “In Our Image” (1989) ISBN-10: 0345328167, the Lopez family who owns TV, newspapers, banks, monopoly of the utilities are from China despite the Hispanic sound of its name – which came from “Lo”, a common name in China.

Cory Aquino’s and Danding Cojuangco’s great grandfather Juan Cojuangco was a PENNILESS Chinese immigrant. He didn’t have to go to mainland U.S.A. because the Philippines before WWII was a U.S. territory until abandoned in 1935.

Other politicos –oligarchs from China include Osmena and JP Laurel, the puppet president of the Philippines during the Japanese occupation.

Today 40 richest Filipinos as listed on Forbes are mostly of Chinese ancestry. The others are of Spanish descent or plain dummies for foreigners’ hidden wealth. As of June 2012 their combined net worth totaled $47.43 billion.

In Stanley Karnow’s book it was explained how Ninoy Aquino secured a $3 million government loan through Pres. Magsaysay to purchase Hacienda Luisita in 1957 for his in-laws, the Cojuangcos of Tarlac. However Danding Cojuangco’s father was cut out of the deal .Later Aquino would urge his in-laws to share the land with tenant-farmers. Something that Cory Aquino resisted even when she was president. In 1987 tenant farmers marched to Malacanang to press for land reform. They were massacred.

Below are the other group of oligarchs of the Philippines. They all claim to be of Spanish descent.

“MacArthur’s absolution of Roxas brought back the ‘puppet politicos and the buy-and-sell parasites’ (Oligarchs) Worse it made US policy toward the Philippines look “stupid, irrational and cynical.”

– David Bernstein, 1945 US State Dept. official, former adviser to Quezon and later to Osmena

Again according to Stanley Karnow’s book “In Our Image” Manuel Roxas the uncharged oligarch-traitor from Iloilo claimed his forefather is an 18th century Spanish merchant and the Ayalas, Zobels, Sorianos, Aranetas, Elizades and Villar (still to be confirmed) are his relatives.

If you will notice any potential political somebody outside the Negros-Panay area are wedded into the Ilonggo clique.

The no. 1 requirement for success in the Philippines is to be an ilonggo or connected to one of them.
My recommendation as posted on a WAIS post dated Dec. 06, 2012

“From 1946 to 1950 the US gave over $2 billion in aid to the Philippines under Roxas and Quirino to rebuild the country. But President Truman’s fact-finding mission reported that the money is gone. And obviously it went to landowners and unscrupulous businessmen oligarchs who are now richer than ever while the majority of the people’s standard of living has not risen to anywhere near the pre-war levels.

Who would imagine with all the death and destruction brought by the war (WWII) and a decimated agricultural sector, the oligarch-traitors would take advantage of the situation and enrich themselves instead?

Fast forward to October 2011: Despite 67 years of mismanaged economy, the Word Bank provided $2 billion funding to the illegitimate oligarch-supported government of Aquino III, the grandson of an oligarch-traitor. What is wrong with Washington DC?

Regarding the WAIS topic “Collective Guilt and Making Amends,” here are my recommendations:

Manuel Roxas and all those who were granted amnesty by Roxas SHOULD BE POSTHUMOUSLY TRIED FOR TREASON. THEIR CHILDREN LIKE PRES. AQUINO III MUST BE REMOVED FROM FROM POSITIONS OF POWER & AUTHORITY. THEIR PROPERTY CONFISCATED IN FAVOR THE PHIL. GOVERNMENT – IN – EXILE.

All Filipinos who are residents of an industrialized G-7 type country will be given Temporary Protected Status. For them to earn back their citizenship, they must take and pass a Philippine (History) re-education course.

In the meantime all international organizations like the World Bank, IMF, ADB and the UN must be required to submit an account of all the funds loaned or given to the Philippines. An investigation of past and present employees of the World Bank, IMF, UN and members of the US Congress Committee on Foreign Relations must be started.

Collective Guilt and Atonement: Manila (Bienvenido Macario, USA) Thu, Dec 6, 2012 at 6:52 AM
http://waisworld.org/go.jsp?id=02a&objectType=post&o=73652&objectTypeId=65667&topicId=17