Emerging Market Crisis & the Philippines

“It is no coincidence that the 2013 Perfect Storm finished devastating the stock markets around the world by Aug. 23, 2013. Exactly five (5) years from the 2008 Financial crisis’ event horizon.”

Feb 2, 2014 – Is the worst of the emerging market contagion over?

This is to follow-up my answer to a question last night. As you know there is a currency crisis in the emerging markets. And the U.S. stock market has been dropping because of this. (I call it the Perfect Storm Syndrome).

According to this article, there will be MORE bloodletting this week. The stocks are expected to be SLAUGHTERED. I can’t understand why Washington DC still wouldn’t act on my request for NATIVE AMERICAN STATUS.

Excerpts: “The wildfire engulfing the developing world is starting to look very like the currency runs of the past, such as the Asian, Russian and Latin American collapses that began in 1997.

First is the scale of money that has moved to developing markets over the past decade and now dwarfs the sums which fled in panic 15 years ago.

“We are in full-blown financial contagion mode. There is no point spending too much time trying to pick and choose when faced with a severe market crisis like the one we are witnessing,” said Benoit Anne, head of emerging markets strategy at Societe Generale. He added: “Right now, sell everything.”

Emerging markets have been inflated in recent years by huge amounts of cheap cash created by the US Federal Reserve, much if which found its way into developing economies in the hunt for better returns. With the Fed scaling back the programme, that flow is reversing and the currencies of countries with the biggest economic and political problems — notably Argentina and Turkey — are diving.”

From: Emerging markets brace for the worst

Need to work out mechanisms not to get caught in another loop of capital flight

By Sujata Rao, Daniel Bases and Vidya Ranganathan

Published: 13:28 February 2, 2014Gulf News

http://gulfnews.com/business/features/emerging-markets-brace-for-the-worst-1.1285192

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There is a global crisis in Emerging Markets. While they distract the majority, the Philippines should work out its own solutions. This is what the Philippines should be concerned. Example:

Swiss Mining Giant pulling out of the $5.9B Copper-Gold project in the Philippines 02-02-14
POLITICAL TIDBITS
http://www.polbits.com/2014/02/planned-divestment-of-swiss-mining.html

Sad news for prospects of foreign investments in the Philippines: reports say Swiss mining giant Glencore Xstrata has indicated to its Melbourne-based partner Indophil Resources NL a “preference” to divest of its interest in the $5.9 billion Tampakan copper-gold project in North Cotabato, the Sagittarius Mines, Inc. Reports say Glencore Xstrata has been considering this move since April last year due to considerable delays in the project.

Indophil Resources NL says it would try to work out a solution, but if this divestment happens, it could severely affect foreign investments in our country.
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Ernest Chua sooner or later currency will be reverted back to gold standard, keeping our gold mineral might actually be good for the country

Bienvenido Macario I don’t know the details of the plan to go back to the gold standard but going back to gold standard like it used to be will be an unmitigated disaster. The present system is good. The problem is that very few understand what it is and how it should work. 

“Even the experts don’t quite know what’s going on.” – Paul Volcker

Paul Volcker: Economic Crisis May Be Worse Than Great Depression
EILEEN AJ CONNELLY 02/20/09 06:29 PM ET 

http://www.huffingtonpost.com/2009/02/20/paul-volcker-financial-cr_n_168772.html

From: Understanding Greenspan, Bernank: The Fed Speak Translator 2 

https://www.nedmacario.us/2013/12/09/understanding-greenspan-bernanke-the-fed-speak-translator-2/

Bienvenido Macario: Take off from this excerpt: “And by Sept. 2008, the Financial Crisis of 2008 was upon us. The event horizon turned out to be Aug. 24, 2008 as discussed in one the papers. – “
From: Understanding Greenspan, Bernanke: The Fed Speak Translator 2

Fast forward to 23 Aug. 2013 – The Perfect Storm Over Asia All the Way through South Africa – Aug. 19 to 23, 2013

Perfect Storm Over Asia All the Way to South Africa – Aug. 19 to 23, 2013

I was able to pinpoint the exact event horizon or point of no return and the start of the crisis as Aug. 24, 2008.

It is no coincidence that the 2013 Perfect Storm finished devastating the stock markets around the world by Aug. 23, 2013. Exactly five (5) years from the 2008 Financial crisis’ event horizon.

Bienvenido Macario –  The Philippines is still RECOGNIZED as an independent and sovereign country. This means they can do anything they want. This is why I’m urging the U.S. and other countries to withdraw its recognition.

I really prefer to live and let live. Those who want to preserve the status quo should be allowed to do so at the same time we should be allowed to form our own country in our own ancestral land and seek recognition from key countries.

I am confident that it is really better for the entire global economy that we are allowed to lead our own lives, have our own country & government. 

Live and let them leave us alone. If the status quo in the Philippines insists on having one country then, Cory Aquino and Manuel A. Roxas must be posthumously tried for treason. There are overwhelming evidence to prove these high crimes.

Allegations that Danding Cojuangco was behind the murder of Ninoy Aquino should be investigated, among others. 

Since it is safe to assume that everyone in the Philippines was poor at the end of WWII, the source of wealth of the 1,000 richest families of the Philippines should be investigated.

Excerpt: “Worse, the World Bank gave a $3.7 billion loan to the Philippines in October 2011 and another $300 million last July 13, 2013. There might be other loans, grants, and aid I am not aware of. I’ve excluded the $150 million donations from the international community for the typhoon relief efforts.

The Philippines is a former US territory and this country has a special responsibility to those islands and its people. We should stop funding oppression and the undemocratic oligarchy in the Philippines, withdraw our Ambassador and encourage others to do the same.”

From: German Genocide in Namibia; US Genocide in Philippines? (Bienvenido Macario, USA) Wed, Jan 15, 2014

http://waisworld.org/go.jsp?id=02a&objectType=post&o=81904&objectTypeId=70851&topicId=17

 

 

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