A celeb being invited by NBI for alleged involvement in investment scam

Every generation needs a revolution - an entrepreneurial revolution

Millions missing

A famous celeb actor personality for alleged involvement in an investment scam involving a gasoline station co ownership scheme.  I was familiar with this, with a former staff promoting such a scheme, as an agent

I had my doubts because of the volatility of the fuel industry.  The rise and fall of prices wrecks havoc on the profitability and does not allow the 10% per month promised margin. 

And now the chicken has come to roost.  Its either the alleged chairman who claims he does not know the day to day operations  (he does not know the  MO of the company of which he sits atop as the highest official -  how irresponsible.   relying many on luck?) go to jail or return the PHP.  The video of him pitching for investments supports the contrary.  

Hmms resigned na?  Can resignation absolve one from responsibility?

   Its just like escaping or being a fugitive.   

This can deal a great blow on famous people related to him who incudes a governor and former senator.   

Mag ayos

We have too many of the scams that are uncontrolled:

  1..  Ponzi

  2.   KAPA

  3    Flex Fuel

  4.   Singapore

  5.   Crypto  (so many being recruited still)

  6.   Forex...

  7.   MLM, pyramiding

Investmetn scams in the Philippines

Money max. Investment vs investment scam

And most lose their shirt.

Money vs currency - money is a store of value, not necessarily paper money

Every generation needs a revolution - an entrepreneurial revolution

Mike Maloney's post on currency vs money is enlightening

1.  There is inflation - rise in prices not because  of unknown forces causing increase in cost of inputs.  There is inflation because of rise in money supply, something beyond the control of producers (farmers, contractors, manufacturers)  The  goods absorb like a sponge the increase in money supply by way of higher prices.

2  Increase in money supply comes and initiated by the central bank of federal reserve system  through various ways:

      1.  Printing of more paper currency

      2.  Pump priming, stimulus checks, ayuda

      3.  Quantitative easing -  purchase by Central Banks of debt instruments from banks

      4   Lowering of bank reserves -  more money is made available for lending (which accounts for more than 90% of money created in the economy)

      5.  Lower tax rates tax exemptions

While this is seen as pro masses, this increases money supply in circulation  Inflation is the inevitable  aftermath.

3.  Money is a store of value which remains constant inspite of  passage of time  Currency which has no basis for value eventually ends up being zero  Even crypto has failed  in this aspect as there is no real stuff of value to peg its prices on

4.   The store of values can be in:

     1  Precious metals like gold and silver

     2  Real estate 

     3  Commodities which are in constant use:   toothpaste, other well preserved foodstuff, soap

         (all the stuff of survivalist)   Andrew Tobias was right in saying that household stuff are the stocks  that you need to buy

     4.  Your own education, especially financial literacy

5.  Inflation, or more currency in circulation means the value of your nest egg, your savings can be taken away  without your consent.   It is thievery at highest level

     This post is doubtful as to whether insurance, ctd, stocks are real store of values.  This post stayed  away from a well known educational plan, which eventually closed shop

     I am wondering why a US citizen is in a hurry to sell his inherited real property in the Philippines

We need more entrepreneurship in the agriculture sector

Every generation needs a revolution - an entrepreneurial revolution

We hear news of waste like tomatoes being thrown away due to lack of transport and over ripening.  What a waste.

The late Prof Dr Tito Cantado who used to be a FAO worker said that entrepreneurship is the  answer to the farmer woes, and not the perpetuity of subsistence agricultural process:   land tilling, planting, harvesting and selling to traders.  It should go beyond so that the farmers are not idle after planting.   Farmers cant just plant one crop;   they must produce other things he she need like other foodstuff, handicraft for sale their own energy needs etc  

Thus the answer to some of the problems of farmers:

1   High cost of inputs -   join coops, many coops are integrated and have their own feed mills and abattoirs  Do DA neglect this or do not know this and oftern generally accept these alibis as reason for high prices

2.  Marketing -   ever heard of farmers market where farmers group sell directly to customer, bypassing profit raking traders

3  Food processing -  excess produce can be processed into:

    1.  Cacao -  choco by products

    2.  Tomatoes -  tomato paste, ketchup

    3.  Pork beef chicken  -  dried meat products, processed meat -  canned or botted  

Let us encourage farmers, educate them on entrepreneuruship and do not make them dependent on DA which most of the time is perceived to be not doing much for farmers, or at times even anti farmers

Tons of tomatoes being thrown away daily