Povery in USA? Where everybody is almost employed.?
Thursday, February 9, 2023
USA - no longer the land of milk and honey, the and of the free
Every generation needs a revolution - an entrepreneurial revolution
USA when I was younger was reputed to be the land of milk and honey and everybody wants to be go to USA It was everybody's dream. People sold their belongings, waited for days at US embassy to get their B1 B2 visa to be TNTs later. The Philippines best and brightest struggled to be there. I did not. It offered the kind of life the conveniences and luxuries not found in the Philippines.
But all of that changed after I watched two videos: that of homelessness and urban decay. Perhaps brought about by Covid 19 and inflation. Despite too many billionaires in USA it cant enter my mind that there are poor people there. Where there is too much basketball and movies and basketball stars earn millions.
At least if it is bad in our country, at least we know to be bad from the start At least we can build it up. But decaying from prosperity, it looks like hard to accept
Now do we envy USA? Is it is still our model Let strive to have our own A Filipino model of progress and sustainability.
Homeless in the USA:
Poverty in USA
Sunday, February 5, 2023
Stages in Monetary history - why civiization collapse
Every generation needs a revolution - an entrepreneurial revolution
These were the steps enumerated: (Swinging from quantity and quality)
1. The country has a solid monetary system in gold and silver
2. The country takes on more expenditure
3. The country funds a massive military
4. The military is used and expenditures expands (Not true for US it sells armaments to the word)
5. The country debases the currency with deficit spending
6. The population senses the worthlessness of the currency
7 People shift to gold and silver; a great transfer of wealth from those hoding on to fiat currency to those
holding gold
Our country is in 5, beginning with Duterte. However, it is hoped that we are not printing more money.. But borrowing more
But in 2022, our base currency increasing from mere P1.8 trillion to P2.0 trillion
https://tradingeconomics.com/philippines/money-supply-m0 P200 billion increase
Philippine Gold Reserves - down to 157.00 tonnes from 197.00 Do we have enough gold
Its $64.7 million x 157.00 tonnes = $ 10,157.9 billion x 54 = P548,526.66 billion he gold reserves went down by 40 tons x $64.7 = $2,588 billion x 54 = P139,752 billion
Roughly 547,526 /2,000,000 = 27% of total base currency. This does not include loans to bank which is P9.3 trillion
So total currency is $11 trillion (P9.3 + 2) Gold reserve vs total currency is 2.5% how thin. When the currency system collapses
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