![Google](http://www.google.com/images/poweredby_transparent/poweredby_FFFFFF.gif)
DRUG TRAFFICKING AND THE FINANCIERS
I declare myself a follower of Eric V. Encina. Here is the leader I have been waiting for to lead the world social credit movement -- not internationalist, but benefiting all men of every nation -- like a cure for cancer.
Dick Eastman
Yakima, Washington
Every man is responsible to every other man.
DRUG TRAFFICKING AND THE FINANCIERS
By Eric V. Encina
The governments in the world in fact is indeed wasting huge taxpayers' money to a campaign against drug trafficking that never likely ends, for this unproductive effort. Yes, here in the Philippines , according to the statistics there are almost 5 million Filipinos already hooked to illegal drug uses and addictions from marijuana to shabu to other non-prescribed drugs. And accordingly the total profits annually here in the Philippines are around P100 Billion or around US$2 Billion. In USA , I have read that drug addicts there are around 10 million Americans with the total profits of around US$500 Billion. Terrible indeed, the drug traffickers are earning so enormously, hair-raising for the destruction of human life, of young peoples, or our society.
I am also afraid to say that no matter how we do in educational campaign and awareness as long as there are FINANCIERS, and manufactures of drugs, and MAFIAMEN involved within the institutions, as oftentimes reported, and the laxity of the global government and international agencies like the United Nations’ Security Council where the rich nations are on the seats, we cannot totally eradicate this diabolic menace. It’s not enough to provide the budget and say words but we must have strong POLITICAL WILL with strong, uncompromised PUBLIC OUTCRY AND SUPPORT without rhetorical mumbo-jumbo political, military styles, WITHOUT PERSONAL INTEREST AND CHICANERIES OR ANY HIDDEN AGENDA. The major question is: HOW LONG MUST WE SUFFER UNDER THE CULTURE OF DEATH OF DRUG MENACE IN OUR SOCIETY? Must we wait that our children and will become bloodline of addicts before we will take concrete action? Where is our conscience? Are we insane or the system makes us insane?, I MUST TELL YOU THAT IT IS ALSO INDEED OBVIOUS THAT THE PRESENT defective FINANCIAL-ECONOMIC SYSTEM WHICH WE EMBRACE, PERPETUATES THE IMPERIALISM OF DRUG INDUSTRY. And sadly, the governments – their politicians and economists, businessmen and companies and even educational institutions are directly and indirectly or to some inadvertently responsible for this seemed to be everlasting problem on drug.
Eric V. Encina
IDEAS AND SKILLS FOR SURVIVAL UNDER CRAZY CONDITIONS
By Eric V. Encina
We must continue to search for ideas and skills to survive and thrive even under the crazy conditions we have here today - if in fact that is physically and creatively possible we must continue to discuss, campaign and present how the community or our country could be run more intelligently through the introduction, legislation and implementation of monetary reform proposals. We can’t do it alone. We need help in the process.
The key to it all is that the "orthodox" economists being advised, of course, by the greedy bankers who are insatiably making their money out of it, cannot therefore see any way of creating the credit or money on which the whole economy depends other than by borrowing more "imaginary" money at interest from the unjust banking system - even when the banking system has to be propped up by a promise of funds which the government will have to borrow from that same banking system and then try and take from the taxpayers at increasing rate that cause inflationary pressures, constant devaluation of currency and endless fiscal crisis or budgetary deficit.
Filipino people are suffering acute shortage of money in front of the increasing prices of basic needs and services. Large percentage of Filipino families are suffering hunger and in the quagmire of poverty in the countryside.
Crazy indeed - except for the bankers who only think profit without corresponding solidarity with the people in misery.
The answer is simply "That the nation that can print a Philippine Peso bond can also print a Philippine Peso bill." If it does, it doesn't have to pay interest or increase its national debt, and there will be money with the government so that taxes can be substantially reduced, and Filipino people will be able to buy anything they are able to produce and so set the economy in good motion and in balance.
US Pres. Abraham Lincoln did it with Greenbacks. Venice did it for 600 years with "Giro money" contained in account books by a state bank that had actually gone bankrupt.
There would have to be some control of the process, of course, so that we don't end up with the sort of inflation they have in Zimbabwe in Africa.
MY PROPOSAL TO PHILIPPINE GOVERNMENT:
1. A Philippine National Credit Office, to certify what is a desirable quantity of credit or money or Philippine Peso to be created debt free and in circulation at any time in the Philippines.
2. A State Bank of Issue or THE BANGKO CENTRAL NG PILIPINAS or Central Bank of the Philippines in collaboration with the Dept. of Finance with the endorsement of the Philippine President, Senate and the Congress , to create the money DEBT FREE that the Philippine economy needs.
3. Control of private/foreign banks, so that these pay the community for the use of the public credit if they "create money out of thin air". This could be done by some form of taxation on such bank money creation, in return for a government guarantee against bank failure.
4. Philippine debts to international lenders/international banks will be repaid in Philippine currency through debt free money creation convertible to US $ dollars or to other foreign currencies by banking mechanism. However, "Odious debts" must be totally repudiated because these are unnecessary burden.
5. Possibly a "new deal" of a basic amount of new money or Peso Cash to every Filipino citizen or family regularly or monthly or annually given like in Alaska or Kuwait and to other countries, and also similar to the new currencies introduced in Germany and Belgium following World War II.
THE POWERFUL INSTITUTIONS THAT ENCROACH AND PREVENT THIS PROPOSAL TO HAPPEN:
I am aware that IMF, WB, BIS and other international banks that Philippines is in huge debt put all the encroaching and preventive measures not make the PORPOSALS possible.
But if monetary reform proposal is given the chance to be legislated and implemented in the Philippines, I think, likely and progressively, this would give a basic new beginning or re-building to Philippine Economy and to Filipino people for sustainable living survival with financial security without being dependent to foreign debt and aid.
Eric V. Encina
Filipino Social Crediter/Monetary Reformer
----- Original Message -----
From: Eric Encina
To: Dick Eastman
Sent: Friday, November 28, 2008 5:36 PM
Subject: Thank you very much Sir
Dear Sir,
Thank you very much indeed for all your efforts. I have been struggling for monetary reform and economic justice campaigns in the Philippines since 1992.
I continue the works for justice.
I will send you more emails. I am in the battle here.
Sincerely and gratefullly yours,
Eric V. Encina
SHOCKING P700.6 BILLION DEBT SERVICING IN 2009 IN THE PHILIPPINES!
By Eric V.Encina
Under the present outmoded financial, economic and banking system in tandem with the nasty-muddy and heavily corrupt politics, Philippines has more liabilities, shocking debt servicing due to growing budget deficit and additional horrendous borrowings to IMF and WB.
The shocking amount of P700.6 BILLION for 2009 for debt servicing is UNFORGIVABLE TREASON AGAINST THE FILIPINO PEOPLE IN THE CARNAGE OF ECONOMIC CRISIS, ACUTE MONEY CRISIS, HUNGER, STARVATION IN THE SAVAGE CRUELTY AND SPECTRE OF DEATH IN THE COUNTRYSIDE.
The Philippine Government has raised the amount it will spend for DEBT SERVICING for 2009—from the original P681.5 Billion- to accordingly accommodate more liabilities that will eventually emerge as a result of endless budget deficit.
Under the silly system, the country’s debts to be settled in 2009 will be higher by 10% than the P636.1 Billion worth of maturing debts to be paid in 2008. The original amount allocated for debt servicing in 2009 took into account a budget deficit of only P40 Billion.
Budget deficit has been adjusted by the Philippine Economic Managers following the dictation of the international bankers up to P102 Billion due to current financial crisis that is expected to take its toll on tax collection, and the need to raise public spending for pump-priming the economy.
ENDLESS DEBT SERVICING INCREASE EVERY YEAR. In 2009 debt servicing is composed of P384.8 Billion worth of principal obligations and P315.8 Billion worth of INTERESTS.
THE CRAZY GOVERNMENT OF CRAZY GOVERNMENT OFFICIALS AND ECONOMIC MANAGERS – endlessly on interest-bearing loans to commercial, foreign and international banks TO PAY OFF PRINCIPAL DEBTS AND INTEREST IN THE VICIOUS CYCLES. The tax revenues or tax monies which are internally generated funds by forcing the Filipino people to comply, and the proceeds from the privatization and selling off Government assets – ARE ALMOST WHOLLY USED FOR INTEREST PAYMENTS.
It is a treason against the Filipino people that INTEREST PAYMENTS ARE AUTOMATICALLY APPROPRIATED BY PRESIDENTIAL DECREE, as the major part of the Philippine Government Annual Budget when THOSE DEBTS AT INTEREST BOTH LEGITIMATE OR ODIOUS IN VICIOUS CYCLES HAVE NOT BEEN FED DOWN TO THE POOR AND TO ECONOMIC AND SOCIAL WELFARE OF THE FILIPINO PEOPLE. It is silly! It is crazy! It is a savage cruelty.
High percentage of the budget is to siphon off the wealth of the Filipino who should be the one to benefit.
ANOTHER CRIME IS THAT GOVERNMENT HAS REJECTED THE ECONOMIC ALTERNATIVES OF DEBT-FREE MONEY CREATION FOR THE NEEDS OF THE FILIPINO PEOPLE WITHOUT DEBTS AND INTEREST.
The Philippine Government being mesmerized by the present international high finance capitalism system, has been religiously paying off its OBLIGATIONS AND INTEREST FOR ALMOST 30 YEARS now, but its obligation to Filipino people is very poor. The government has been trying to bring down the share of interest payment in the national budget but it would remain an illusion or a delusion under the present system. As a matter of fact, it is the opposite that is happening.
For sure, it remains to be extremely difficult for the Philippine Government to attain the goal of posting a balance budget by 2010 when budget deficit continues to grow.
Government is also more willing to bail out the banks in trouble and or to prevent them from collapse from the funds borrowed at interest from the IMF and WB.
This is all madness! This is all bullshit! This is a savage cruelty! Our people are hungry and starving both in material and in cash. Millions are suffering acute material and monetary crisis, unemployment and the epidemic of health crisis and perennially aggrieved by the debacles of natural calamities.
CREATE THE MONEY! PRINT THE MONEY! If not, both production, consumption and finance are down!
Eric V. Encina Filipino Social Crediter/Monetary Reformer
G20 Summit & IMF as the GLOBAL CENTRAL BANK?
By Eric V. Encina
As the G20 Summit started last Friday, November 14th, amid mounting divisions on how "to tackle the global financial crisis, to address the current crisis, and lay the foundation for reforms that will help prevent a similar crisis in the future", peoples all over the world are expecting for the best solutions to stop the crisis immediately. But could these G20 leaders be able to solve the problems?G20 group club was created in 1999, the group of 20 countries account for 85% of the world economy and about two-thirds of its population.
The gathering of world leaders on financial crisis, however, has no quick fix seen since there is a lot of disagreements, divisions and heated debates. GOOD PROPOSAL BUT WHAT IS NEW FINANCIAL SYSTEM? French President Nicolas Sarkozy stated that it is "necessary to rebuild the entire global financial and monetary system from the bottom up, the way it was done at Bretton Woods after World War II, and to explain that the US dollar, which after the Second World War was the only currency in the world, can no longer claim to be the only currency in the world."
UK PRIME MINISTER PROPOSAL:
|
__._,_.___
__,_._,___