See: UN Reform (John Eipper, USA, 06/18/05 2:23 pm) http://waisworld.org/go.jsp?id=02a0&objectType=post&objectTypeId=249&topicId=161
Zero Sum Game of Global Finance 4th Edition June 6, 2012
REFERENCES:
US: on the Financial Crisis and Bailout (Bienvenido Macario, Philippines) Sept. 25, 2008
http://waisworld.org/go.jsp?id=02a0&objectType=post&objectTypeId=19185&topicId=1
US: Financial Crisis Update (Bienvenido Macario, Philippines / US) Sept. 30, 2008
http://waisworld.org/go.jsp?id=02a&objectType=post&o=25593&objectTypeId=19843&topicId=1
re: US: End of US World Dominance? on the Sovereign Wealth Funds (Bienvenido Macario, Philippines/US) October 02, 2008
http://waisworld.org/go.jsp?id=02a0&objectType=post&objectTypeId=20107&topicId=1
UN Reform (Bienvenido Macario, USA, 06/18/05)
http://waisworld.org/go.jsp?id=02a&objectType=post&o=5999&objectTypeId=249&topicId=161
US: Obama One Year after Elections (Bienvenido Macario, Philippines/US) Nov 6, 2009
http://waisworld.org/go.jsp?id=02a&objectType=post&o=46195&objectTypeId=40445&topicId=44
US Economy: Fannie Mae Seeks $8.4 Billion after First-Quarter Loss (Bienvenido Macario, Philippines/US) Wed, May 12, 2010 at 3:38 AM
http://waisworld.org/go.jsp?id=02a&objectType=post&o=53537&objectTypeId=47787&topicId=44
Ivy League Endowments Shrink by $26 Billion 2008-2009
(Bienvenido Macario, ) 04/26/2011
http://waisworld.org/go.jsp?id=020&objectType=post&objectTypeId=55753&topicId=111
Cuba: Obama to Allow Travel, Money Transfers (Bienvenido Macario, Philippines/US 04/14/09 4:13 am)
http://waisworld.org/go.jsp?id=02a&objectType=post&o=37081&objectTypeId=31331&topicId=1
==========================
From: re: Capitalism and Democracy (Bienvenido Macario, Philippines/US)
Posted on October 18th, 2009
http://waisworld.org/go.jsp?id=02a0&objectType=post&objectTypeId=39947&topicId=92
1.) “— FRUSTRATING RECOVERY. When asked what the most frustrating aspect of the economic recovery is, Bernanke said: “Here we are almost THREE YEARS from the beginning of the expansion, and the unemployment rate is still over 8 percent. … It’s been a very long slog.”
From: In Bernanke’s words: on economy, jobs, inflation
By The Associated Press | Associated Press – Wed, Apr 25, 2012
2.) “BRUSSELS (Reuters) – The euro zone’s economy is heading into its second RECESSION IN JUST THREE YEARS, while the wider European Union will stagnate, the EU’s executive said on Thursday, warning that the currency area has yet to break its vicious cycle of debt.”
From: Euro zone economy to shrink in 2012
Reuters – 5 hours ago Thursday, February 23, 2012
3.) ”Final comment: If the overseas aspect of this financial crisis is not contained by reforming, replacing or rivaling the World Bank, IMF and the UN, we’d be lucky to enjoy three years of recovery from this crisis before we are plunged to a deeper and more desperate downturn.
If this crisis happened between elections, it would have been crystal-clear to our leaders in Congress, the government, the private sector, investors, the media and the public that it was the collective fault of the World Bank, IMF and the UN that brought the crisis deep into this level.
Even as recently as Dec. 14, 2007, the World Bank continued to seek funds for debt forgiveness and in fact secured $16.5 billion~ in cash for the purpose. The California State budget deficit did not add up to $16 billion+ until Feb. 20, 2008.”
From WAIS post: re: US: on the Financial Crisis and Bailout (Bienvenido Macario, Philippines) – Posted September25, 2008
http://waisworld.org/go.jsp?id=02a&objectType=post&o=24935&objectTypeId=19185&topicId=1
======================
The real job of the Philippine president is to make the oligarchs richer with the help of the World Bank, IMF & the UN
SOUTHEAST ASIA: The Philippines: Wealthy families. (John Eipper, USA, 05/03/05 4:45 pm)
http://waisworld.org/go.jsp?id=02a4&objectType=post&o=6336&objectTypeId=586&topicId=18
YEAR 2004
Here’s Forbes lists of 40 Wealthiest Men of Southeast Asia for 2004. In the list of 40 wealthiest men seven are from the Philippines.
US$ Millions Rank
- Lucio Tan 1,600 #12
- Henry Sy 1,400 #14
- Jaime Zobel de Ayala 800 #20
- Danding Cojuangco 380 #31
- George Ty 360 #33
- John Gokongwei, Jr. 330 #35
- Tony Tan Caktiong 270 #37
Total $5,140 million
FROM 2007 to 2014
California Budget Deficit $16.0 Billion* as of 02-20-08
40 Richest Filipinos–Total Net Worth $16.2 Billion+ as of 10-18-07
California Budget Deficit $20.0 Billion@ as of 03-17-10
40 Richest Filipinos–Total Net Worth $20.4 Billion^^ as of 07-31-10
California Budget Deficit $26.6 Billion++ as of 03-29-11
40 Richest Filipinos–Total Net Worth $26.2 Billion~~ as of 03-09-11
Forbes 40 Richest Filipinos – June 2012 – Total Net worth $47.43 Billion
Forbes 50 Richest Filipinos – July 2013 – Total Net worth $65.79 Billion
Forbes 50 Richest Filipinos – July 2014 – Total Net worth $74 Billion””
Puerto Rico’s Debt as of 01 July 2015 – (-$73Billion)””
Zero Sum Game of Global Finance – 6th Edition
March 17, 2015
Twenty-six (25) years ago, there wasn’t a single Filipino on Forbes Magazine. At the same time, in 1988 China was a third world country.
Then in Aug. 2004, Forbes magazine listed seven (7) from the Philippines among the richest in Southeast Asia with a combined net worth of $5.14 billion.
To put it in perspective on June 6, 2012 a report placed the British Royal family net worth at more than $1 billion. In June 2012 Forbes 40 richest Filipinos’ combined net worth came up to $47.43 billion. But the British Monarchy has been around for hundreds of years. After World War II everyone in the Philippines was poor.
The 4th Edition of the ZSGGF shows the 50 richest “Filipinos”, who are in fact ethnic Chinese and ethnic Spaniards, are now richer than the British monarchy. While the economies of Hong Kong, Singapore, Taiwan and even China are all dominated by ethnic Chinese, Filipinos must still go to these places for work.
References:
Ivy League Endowments Shrink by $26 Billion 2008-2009
(Bienvenido Macario, ) 04/26/2011
http://waisworld.org/go.jsp?id=020&objectType=post&objectTypeId=55753&topicId=111
Cuba: Obama to Allow Travel, Money Transfers (Bienvenido Macario, Philippines/US 04/14/09 4:13 am)
http://waisworld.org/go.jsp?id=02a&objectType=post&o=37081&objectTypeId=31331&topicId=1
US: on the Financial Crisis and Bailout (Bienvenido Macario, Philippines) 09-25-08
Posted September25, 2008
http://waisworld.org/go.jsp?id=02a&objectType=post&o=24935&objectTypeId=19185&topicId=1
Excerpt: “Faced with an ‘unpayable’ $73 BILLION””debt, the unincorporated US Caribbean territory is weighing drastic options on tax and wages – all of them bad.”
Puerto Rico’s intensifying debt crisis”” has residents bracing for the worst
Wednesday 1 July 2015 07.00 EDT Last modified on Wednesday 1 July 2015 07.03 EDT
http://www.theguardian.com/world/2015/jul/01/puerto-ricans-brace-for-worst-debt-crisis-intensifies
Faced with an ‘unpayable’ $73bn debt, the unincorporated US Caribbean territory is weighing drastic options on tax and wages – all of them bad.
José Vásquez reads a newspaper with a Spanish headline that reads, ‘More sacrifices’, a day after Puerto Rico’s governor, Alejandro García Padilla, gave a speech about the territory’s $72bn debt.