[GJM] Payments of 2007 Interest and Hunger in the Philippines by Eric V. Encina

[robert searle]

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

>                          PAYMENTS OF INTEREST AND
> THE HUNGER
>    
>    
>                                                     
>  By Eric V. Encina
>    
>   P330 Billion Philippine Peso or more or less
> US$6.3 BILLION 2007 INTEREST PAYMENTS TO PRIVATE,
> COMMERCIAL, FOREIGN AND INTERNATIONAL
> BANKERS-IMF-WB, bilateral creditors,   could save
> (could have saved) MILLIONS of poor Filipinos
> suffering deadly  hunger in the countryside.
> GOVERNMENT DOES NOT CARE ABOUT HUNGER. IT CARES ITS
> PROTOCOLS WITH THE IMD AND WB--THAT IS THE MOST
> IMPORTANT.
>    
>   What a crime to prioritize interest payments to
> these avaricious bankers when citizens are suffering
> hunger, starvation, diseases and death in the
> countryside!
>    
>   The loans and debts do not feed down to the
> Filipino citizens but the PENALTIES OF increasing
> taxes like this pestiferous 12% Expanded Value Added
> Tax and other tax measures on the process for
> forceful implementation, the increasing  prices of
> basic needs and commodities, the devaluation and
> depreciation of Philippine Peso, the inflationary
> pressures, the ballooning budget and trade 
> deficits, the grand waste of money and massive
> financial corruptions, the hunger, starvation,
> diseases and poverty of peoples in the villages, in
> the provinces in the Philippines.
>    
>    
>   WHY IMF AND WB, as a matter of foreign economic
> policies,  continue to enforce collection of taxes
> and payments of 2007 interest charges when these
> institutions are aware of the present dreadful and
> baneful situation of the Filipino people. WHY NOT
> FORGIVE THE INTEREST PAYMENTS, IF NOT THE PRINCIPAL
> LOANED AMOUNTS OR WHY NOT REDUCE THE DEBTS as they
> promised last year that heavily indebted nations
> would be forgiven of their debts?
>    
>   Why? Why? Why we, Filipinos, need to suffer
> hunger, starvation poverty  and death BECAUSE OF
> DEBT MONEY SYSTEM?
>    
>   CAN WE CALL A NATIONAL ACT OF SUICIDE? We cannot
> be sustainable whatever we do so long as the system
> IS PARASITIC to our midst aggravated by nasty-muddy
> politics permeating in our lives. So many lives are
> devastated, shattered, disappointed and despaired
> because of economic and financial problems seemed to
> be endless and hopeless under the debt money system.
>    
>   Thank you for reading.
>    
>    
>   Eric V. Encina
>   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
>    
>    
>   P.S. 
>    
>    
>   Poor Families, mothers with children coming to us,
> appealing for foods, money for medicines, etc. They
> are suffering hunger for days, eating wild yam, etc.
> while government prioritizes payments of interest,
> politics, election 2007, population control and
> vaccination programmes and the lists of bullshits, 
> when poor children need nutrition and foods,
> families needing employment or capital for
> home-based employments, etc. THE ONLY SOLUTION IS
> CREATED MONEY DEBT FREE AND PRINT MONEY AND
> DISTRIBUTE TO THE POOR CITIZENS through
> supplementary basic income or citizen’s income to
> everyone as a form of economic security like what is
> existing in other continents or countries.
>    
>   It is a bullshit indeed. If could only sell my
> soul, I would do it to help and survive poor
> families and children suffering hunger.
>    
>   IMF and WB are INVESTMENT BANKS OF RICH NATIONS
> raping and destroying third world nations. WHAT A
> HELL!
>    
>   We will all go to Hell!
> 
>  
> ---------------------------------
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