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Showing posts from 2017

SEC warns against “Pluggle” investment scheme

SEC/BSP WARNING TO ALL PLUGGLE SCHEME INVESTMENTS (Bitcoins included) The Securities and Exchange Commission warned people who act as salesmen, brokers, dealers or agents of Pluggle that they may be prosecuted and held criminally liable for selling or convincing people to invest in this scheme. Under Section 28 of the Securities Regulation Code, maximum fine for this offense is P5 million or 21 years of imprisonment, or both. The SEC warned that those who invite or recruit pe ople to join or invest in this venture or offer contracts or securities to be public may be held liable. On the use of Bitcoin, the SEC further advised that the Bangko Sentral ng Pilipinas (BSP) does not intend to endorse any virtual currency, such as bitcon, as a currency since it is neither issued or guaranteed by a central bank nor backed by any commodity. In a similar manner, the House of Representatives through my House Resolution No. 1406 will be conducting a full investigation on these and det

What is happening to our Country?

O r more importantly, Where is our Country headed to? 2017 New Investments declined by unbelievable 90.3%,  Pesos to Dollar, weakening by the day and now at P51.25, 22.3 million filipinos (22%) still under poverty line, 12 million filipinos are under extreme poverty line  (less than 3 meals a day), 2017 Inflation rates are at 3.1% vs 1.4% of last year (meaning your P1 last year is 2% less today) GDP Targets and Promises are not being hit by our Economic Managers. 2018 GDP has been downgraded by world Bank   Promised Government Spendings to pump prime our economy for 2017 is also not being spent according to plan The writings are all over the wall, everyone is so afraid to invest in our country. Whether we call it EJK or Fight against Drugs, the fact is "EVERYONE IS NOW SO AFRAID TO EVEN STEP A FOOT TO OUR COUNTRY, MORESO FOR INVESTORS to INVEST ACTUAL MONEY IN THE PHILIPPINES" . My good friends from the Cabinet, the figures and facts never lie, it

What is Crypto Currency?

Is it safe to Invest in Bitcoins and other Digital Currencies? (This is a mere guide based on my Opinion on Cyber Investing) Wikipedia defines Bitcoin as a worldwide cyber currency and digital payment system. Bitcoin are decentralized in nature, its system works without a central repository or single administrator. Bitcoin was released as an open-source software in 2009. The Bitcoin system is peer-to-peer in nature, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in public through a cyber ledger called a blockchain. Bitcoin can be exchanged for other currencies, products, and services. As of 2015, over 100,000 merchants and vendors accepted bitcoin as payment. Apart from being a transactional currency, Bitcoin can also be held as an Investment. According to research produced by Cambridge University in 2017, there are close to 5 million unique users using cryptocurrency wallet, most of them u

Poverty Eradication Part 1

Source Image: media.children.org Dear Government, 22.3 million Filipinos are living in poverty and extreme poverty. These Filipinos only eat 1 to 2 meals a day.  Let us solve this problem first and foremost, Everything else is secondary. While most government officials, politicians and netizens fight over matters regarding drugs, EJK, impeachment, 4-day work week and others.  22.3 million Filipinos are having a problem on where to find their second or third meals of the day. For me, this is a more pressing issue than anything else.  For 2 out of every 10 people you see on the street are either looking for food to eat or finding a job to feed them. By definition, poverty line is the minimum threshold government computed for a family of five to meet the very basic needs of food, shelter, housing, transportation, health and education.  This poverty line threshold computed by the Philippine Statistics Authority (PSA) is now at P10,969 per month ($200/Month). On the othe

Philippine sports is DEAD

SOUTHEAST ASIAN GAMES (SEAG) FINISHES OF THE PHILIPPINES 1977-1997 (20 years). AVERAGE (1977-1997): No. 3 or 3rd Place finishes for the Philippines for 20 years. MR. PEPING COJUANGCO's REPORT CARD from the day he assumed office: (History and Records will never lie): 2007 Thailand SEAG-41 Gold Medals (6th Place) 2009 Vietnam SEAG-38 Gold Medals (6th Place) 2011 Indonesia SEAG-36 Gold Medals (6th Place) 2013 Laos SEAG-29 Gold Medals (7th Place) 2015 Singapore SEAG-29 Gold Medals (6th Place) 2017 Malaysia SEAG-24 Gold Medals (6th Place and the WORST FINISH EVER) Common Denominator to our Country's failure in Sports: Mr. Peping Cojuangco (82 years old traditional politician) assumed office as Philippine Olympic Committee President since 2005. (Tenure: 2005-Present) PHILIPPINE SPORTS IS DEAD BECAUSE OF ONE MAN !!!

What is the Rationale behind our Country’s double digit increases to our National Budget?

Article 1: “What is the Rationale behind our Country’s double digit increases to our National Budget?” It is budget season again in congress and the once P3.35 Trillion Philippine National Budget in 2017 is now a whopping P3.76 Trillion for 2018 or a budget increase of over 12%. In last years budget season, I asked our Economic Managers the following questions: How do they decide on the yearly budget increases? Who decides the double-digit rate of these increases? And, How do they arrive at a final figure of such increases? From 2016 to 2017, the national budget increase was at 11.6% and now from 2017 to 2018, the Philippine budget increase is way over 12%. To give you a background, just 10 years ago, in 2007 and 2008, the Philippine National Budget was only at P1.126 Trillion and P1.227 Trillion respectively, comparing it to today’s 2017 National budget of P3.35 Trillion, the budget increase within a span of 10 year difference is an overwhelming 300% increase. Comparing 201