[GJM] The situation is very serious indeed in the Philippines: DEBT FREE MONEY CREATION

[robert searle]

This is a sad email which some of you may have
received. If only Transfinancial Economics existed.


Robert Searle.



--- Eric Encina <ericencina at yahoo.com> wrote:

> Dear Sir,
>    
>   I hope you received my last emails and articles. 
>    
>   The financial-economic situation in the
> Philippines is very serious indeed while politics
> aggravates the situation.We are in real depression. 
>    
>   What we really need is debt free money creation
> enacted into law by the Government through the
> facility of the central bank of the Philippines to
> finance the expenditures and provide financial 
> economic security to all  Filipino people especially
> the poorest of the poor in a life and death
> situation in the countryside, without resort to
> enormous  domestic and foreing borrowings to
> private-commercial-foreign, bilateral and
> multilateral banking institutions  with skyrocketing
> interest payments paying more than enough from the
> original loans. 
>    
>   WHAT WE NEED IS DEBT-FREE MONEY CREATION AND
> PRINTING TO INCREASE THE CIRCULATION OF CURRENCY AND
> THUS DISTRIBUTE TO ALL FILIPINOS IN THE FORM OF
> SUPPLEMENTARY BASIC INCOME OR DIVIDEND TO PROVIDE
> FINANCIAL-ECONOMIC SECURITY. We need it now or
> BLOODY REVOLUTION IS NIGH! 
>    
>   FILIPINO PEOPLE ARE IN THE STATE OF ECONOMIC
> EMERGENCY.
>    
>   The present hunger and dreadful poverty of
> multitudes  in the Philippine countryside this month
> of APRIL 2007 and eventually in the coming months,  
> while the government is pressured to  paying
> billions of pesos/dollars  for interest payments to
> private-commercial, foreign and international
> bankers and increasing taxes such of 12% Expanded
> Value Added Tax and other incoming tax measures, 
> and the further borrowings to IMF & WB and or to
> bilateral creditors with the devastating and
> aggravating effects of devaluation of currency,
> budget deficits, inflationary pressures and the
> increasing prices of prime commodities and basic
> needs  are a savage cruelty and millstones  to death
> to all Filipino people.
>    
>   Most of the Filipino candidates of
> bickering/chaotic  different political parties and
> even independent candidates being under the control
> of the bankers and in the dungeon of debt-based
> economics for May 2007 election have no real
> alternatives to pressing
> financial-economic-hunger-poverty problems in the
> Philippines.
>    
>   Time and situation are deadly serious for all
> Filipinos. 
>    
>    
>   Thank you for reading. I am sorry we need help.
>    
>    
>    
>    
>   Sincerely and gratefully  yours,
>    
>    
>    
>    
>   Eric V. Encina
>   Filipino   Monetary Reformer
>   Filipino Alternative Solutions For Sustainable
> Survival Movement
>   c/o Lito Alhambra Old House, Homesite, Km2, Brgy.
> Lawa-an,
>   PO Box 8, 5800 Roxas City, Capiz, Philippines
>   ericencina at yahoo.com 
>    
>    
>    
>    
>    
> 
>  
> ---------------------------------
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