Saturday, February 18, 2012
Madonna's Secret: 3 decades in the Limelight, and even more.
"don't take anything (said about you) personal..." -Madonna
Tuesday, February 14, 2012
Finance 101: Bank-run; Dollar Secrecy Law. SIMPLE CASH FLOW. Easy tounderstand, my dear Filipinos.
FINANCE 101: The reason why the Supreme Court to reiterate the protection of the SECRECY OF DOLLAR which the Senate respected so, for solely the benefit of the FILIPINO PEOPLE. One would ask, why and how?
It is arguable, and emotional ones would hit me with hates but let me try to educate you a little about Finance. Let me enumerate the possible causes IF DOLLAR ACCOUNTS details can be made accessible to the public:
Our banks might suffer from lack of CASH reserves thereby affecting the whole Economy of the Country. International Investors will lose their trust with the banks in the Philippines and from its Government if its that too easy to have DOLLAR BANK records made available to the public. Big-time foreign depositors might withdraw their dollar deposits from the Philippine banks and move to their money to a more secure place (e.g. Singapore and Switzerland) where the secrecy of their money is highly protected. We must understand that the Country needs money and we do not care where those money come from. We just simply need money--- all Countries actually do. Let's say, the family of the fallen Sadam Hussein still has hidden wealth and decided to deposit all their Billions of dollars in the Philippines, economically, that is a jackpot for the country! Again, we do not care where the money came from, any country just needs CASH, that's it.
The Process goes like this:
1. Investors/Depositors put their money in the Philippines (may be applicable to any Country) a.) To invest or open up businesses and b.) thinking that it is safe from overwhelming scrutiny from their own Governments. Big time investors are encouraged to deposit their money here whether they are angels or even devils.
2. The money goes to a Philippine bank.
3. The money is now in the bank. (but the same cash does not stay there forever, it's being used in other investments...)
4. The bank offers loans and financial assistance to smaller businesses and businessmen and not only that, they offer Housing and other types of loans, where they too earn income and able to generate other loans from bigger banks outside the Country, say HSBC, CITI or even from the world-bank. (of course the bank earns from the Loan fees and other duties paid by the loanee, plus the security of a collateral) One must understand that his or her money in the bank is not there in the bank's vault forever, it's being used for other purposes by the bank owners, this is the reason why they compensate you with minute interests in lieu of using your money for their various businesses.
5. Banks also offer loans to bigger businessmen who would make use of these money for more investments and cash replenishment needs.
6. HERE COMES JOBS... REMEMBER THAT BECAUSE BUSINESSMEN WERE ABLE TO SECURE LOANS FROM BANKS THEY WILL BE ABLE TO CREATE, SUSTAIN THEIR BUSINESS.
7. THOUSANDS OR MILLIONS AROUND THE COUNTRY WILL BE GIVEN JOBS... AND OF COURSE SALARY..
Let's look at this scenario:
1. The investors lose their confidence to the Philippine Government and its Banks because of lack of protection on secrecy.
2. Mass withdrawals happen from various banks in the Philippines, say from a certain major national bank, a big investor suddenly withdraws because of a certain Political, Judicial or security issue, the bank may must be able to provide the CASH to the depositor upon demand at least within a week. Hypothetically say 5 Tycoons decided to withdraw cash each at $7,000,000,000 (7 Billion US dollars Donald Trump money, or sort of...) That is $35,000,000,000 (35 Billion dollars) Alright this could post an economic disaster.... This kind of disaster must need a personal hand of the President of the Republic to lure these mega-businessmen/depositors not to go -- this is that serious!
Now remember that the money has been offered as loans to smaller businessmen --- the money is dispersed to the hands of smaller businessmen. Well, not just to them but to investments of bank owners such as highrise condominiums, land development, research, and etc.
Where will the bank get the money if ALL INVESTORS/DEPOSITORS withdraw?
Step 1: They will file for Bankruptcy and Central Bank will try its best to help. Central Bank will co-shoulder the burden of the Philippine banks...
Before bankruptcy is declared, STOCKHOLDERS of banks will panic and would also withdraw their shares, posing another disaster. Having said this, all other Corporations run or co-run by the owners of these banks will have bigger problems because of the STOCKHOLDERS withdrawing their shares as fast as they could to prevent their money evaporating in air.
Banks will not be able to sustain their business, they cannot provide loans anymore and other financial assistance to those starting, growing, or even big businesses that NEED CASH from loans in order to achieve maturity and independence. Owners and Stockholders and their investments too will suffer, Highrise condominiums will not be completed, land developments will be stopped, foundations supported will not be able to receive support and among others...
Who will lose in the end? THOUSANDS IF NOT MILLIONS of Filipinos will lose their job because of several businesses small, medium or large in scale will CLOSE.
It is my hope that I am able to impart some knowledge in finance to those who wanted to understand this very simple and basic information. Now one will understand why we need to protect the DOLLAR SECRECY LAW.
It is arguable, and emotional ones would hit me with hates but let me try to educate you a little about Finance. Let me enumerate the possible causes IF DOLLAR ACCOUNTS details can be made accessible to the public:
Our banks might suffer from lack of CASH reserves thereby affecting the whole Economy of the Country. International Investors will lose their trust with the banks in the Philippines and from its Government if its that too easy to have DOLLAR BANK records made available to the public. Big-time foreign depositors might withdraw their dollar deposits from the Philippine banks and move to their money to a more secure place (e.g. Singapore and Switzerland) where the secrecy of their money is highly protected. We must understand that the Country needs money and we do not care where those money come from. We just simply need money--- all Countries actually do. Let's say, the family of the fallen Sadam Hussein still has hidden wealth and decided to deposit all their Billions of dollars in the Philippines, economically, that is a jackpot for the country! Again, we do not care where the money came from, any country just needs CASH, that's it.
The Process goes like this:
1. Investors/Depositors put their money in the Philippines (may be applicable to any Country) a.) To invest or open up businesses and b.) thinking that it is safe from overwhelming scrutiny from their own Governments. Big time investors are encouraged to deposit their money here whether they are angels or even devils.
2. The money goes to a Philippine bank.
3. The money is now in the bank. (but the same cash does not stay there forever, it's being used in other investments...)
4. The bank offers loans and financial assistance to smaller businesses and businessmen and not only that, they offer Housing and other types of loans, where they too earn income and able to generate other loans from bigger banks outside the Country, say HSBC, CITI or even from the world-bank. (of course the bank earns from the Loan fees and other duties paid by the loanee, plus the security of a collateral) One must understand that his or her money in the bank is not there in the bank's vault forever, it's being used for other purposes by the bank owners, this is the reason why they compensate you with minute interests in lieu of using your money for their various businesses.5. Banks also offer loans to bigger businessmen who would make use of these money for more investments and cash replenishment needs.6. HERE COMES JOBS... REMEMBER THAT BECAUSE BUSINESSMEN WERE ABLE TO SECURE LOANS FROM BANKS THEY WILL BE ABLE TO CREATE, SUSTAIN THEIR BUSINESS.
7. THOUSANDS OR MILLIONS AROUND THE COUNTRY WILL BE GIVEN JOBS... AND OF COURSE SALARY..Let's look at this scenario:
1. The investors lose their confidence to the Philippine Government and its Banks because of lack of protection on secrecy.
2. Mass withdrawals happen from various banks in the Philippines, say from a certain major national bank, a big investor suddenly withdraws because of a certain Political, Judicial or security issue, the bank may must be able to provide the CASH to the depositor upon demand at least within a week. Hypothetically say 5 Tycoons decided to withdraw cash each at $7,000,000,000 (7 Billion US dollars Donald Trump money, or sort of...) That is $35,000,000,000 (35 Billion dollars) Alright this could post an economic disaster.... This kind of disaster must need a personal hand of the President of the Republic to lure these mega-businessmen/depositors not to go -- this is that serious!
Now remember that the money has been offered as loans to smaller businessmen --- the money is dispersed to the hands of smaller businessmen. Well, not just to them but to investments of bank owners such as highrise condominiums, land development, research, and etc.
Where will the bank get the money if ALL INVESTORS/DEPOSITORS withdraw?
DEMAND (of CASH) vs. SUPPLY (of CASH) where SUPPLY is insufficient.
Step 1: They will file for Bankruptcy and Central Bank will try its best to help. Central Bank will co-shoulder the burden of the Philippine banks...
Before bankruptcy is declared, STOCKHOLDERS of banks will panic and would also withdraw their shares, posing another disaster. Having said this, all other Corporations run or co-run by the owners of these banks will have bigger problems because of the STOCKHOLDERS withdrawing their shares as fast as they could to prevent their money evaporating in air.
Banks will not be able to sustain their business, they cannot provide loans anymore and other financial assistance to those starting, growing, or even big businesses that NEED CASH from loans in order to achieve maturity and independence. Owners and Stockholders and their investments too will suffer, Highrise condominiums will not be completed, land developments will be stopped, foundations supported will not be able to receive support and among others...Who will lose in the end? THOUSANDS IF NOT MILLIONS of Filipinos will lose their job because of several businesses small, medium or large in scale will CLOSE.
It is my hope that I am able to impart some knowledge in finance to those who wanted to understand this very simple and basic information. Now one will understand why we need to protect the DOLLAR SECRECY LAW.
Sunday, February 5, 2012
Jollibee: Pinoy Superstar
Ito si Jollibee, ang totoong superstar ng Pilipinas.
Nakita ko siya sa drive-through kanina. Ehe ;) gusto ko nga magpa autograph problema ang laki ng mga daliri niya e,,, sayang...
Wednesday, February 1, 2012
random thoughts
Bakit ka may mata? Para makakita. 
Bibig para magsalita,
Tainga para makining,
Balat para makadama at iba pa.
Naiisip mo kung bakit may pusong tumitibok?
Una, Para mabuhay ka, at sa bawat tibok nito maaalala mo na ang puso mo ay dapat gamitin upang umunawa ng mga bagay na higit sa kaya ng iyong pagiisip..
Para duon sa mga di tagalog,
for those who speak English,
Why do you have eyes? For you to see
Mouth for your to be able to speak,
Ears for your to hear,
Skin for your to feel.
Have you ever thought why your heart beats?
One is, for your to live and second is for you to be constantly reminded that your heart must be used to understand things beyond what your mind can...
Picture? Wala akong mairelate eh hehe (I don't have any photo that I can relate this topic to.. hehe) That's why si Snoopy nalang... >.<
;)
On struggles you may be facing...
Anonymous,
This new month reminds me of people who work with me everyday, and those who may be having difficult times in their life. I would want to inspire and remind you of how struggles can always be looked into a different perspective; the more positive perspective... Let me share you a beautiful saying:
"Sometimes, struggles are exactly what we need in our life. If we were to go through our life without any obstacles, we would be crippled. We would not be as strong as what we could have been. Give every opportunity a chance, leave no room for regrets." - Junethea Crystal Centeno
You have already surpassed great tribulations in life when actually you have not realized you done so! You were able to traverse extremely difficult times, but here you are, alive --- reading this post. You have proven the world that you are a strong person, but where did that strength come from? Let's ponder on a thought:
Strength does not come from winning. Your struggles develop your strengths. When you go through hardships and decide not to surrender, that is strength; a tremendous one.
The picture? I took it using my phone on my way to Subic Bay... It's just so lovely it reminded me that despite everything, I still am lucky to be able to be captured in awe with God's wonderful creations.
Happy night everyone!
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