Posted tagged ‘Manny Villar’

VILLAR-BASHING BY ATENEANS: JESUIT FASCISM RESURFACES

April 8, 2010

Prof. Erle Frayne D. Argonza

University of the Philippines

“In the name of the Father (Society of Jesus), the Son (Ateneo alumni), and of the Holy Ghost (clerico-fascism). Amen.”

In a previous article, I wrote about the Manny Villar-bashing by philistine journalists (see “Villar-Bashing: Philistine Journalism by Oligarchic Media”, in https://unladtau.wordpress.com, http://erleargonza.blogspot.com). At this juncture, let me add notes on the Manny Villar-bashing, focusing this time on malicious tirades hurled on the noblesse senator by conspiring Ateneo De Manila University alumni.

The forewarnings by concerned citizens about the parochial Atenean conspiracy to elect an Atenean president (Noynoy Aquino) has already been circulating on cyber-space. Likewise had the initial salvo of cyber-attacks, via the email, already begun, with one libelous article (unearthed by rational minds) authored by an Atenean that falsely identified Villar as owner of a mansion in the USA.

If we were to put ourselves in the shoes of these parochial Ateneans, we would think of political contest as a matter of choosing between an Atenean versus a non-Atenean. Ergo, elevate the Ateneo to Mt. Olympus fame, and perceive other schools as lowly, excremental, barbaric institutions fit only for the subhumans. Therefore, only an Ateneo alumnus should be fit for the penultimate state leadership: the Presidency.

It doesn’t matter if the Atenean being endorsed, Mr. Noynoy Aquino, accomplished merely a bachelor’s degree, possesses nary an iota of brilliance, and was lackluster in his accomplishment as a legislator (not a single sponsored bill ever legislated into law). He is a true blue Atenean, uses Machiavellian pretensions of being morally fit for leadership to sell the idea of an Atenean candidate, and so let him be President of the republic.

If we want to comprehend the mindset of these hegemonistic Ateneans, whose fractional intelligence is now being utilized for peddling lies about Mr. Villar, we should apperceive their cognitive formation within the broader context of the Jesuit Order whose priests  mentored them.

The Jesuit Order is among the top institutional oligarchs in the country, possesses vast assets of properties, and engages in big-scale tax-free pursuits. During the rise of the Left movements, this Order unleashed the fangs of clerico-fascism, even as certain Jesuit priests collaborated with the United States’ Central Intelligence Agency to stamp out a rising nationalist movement.

Emerging during its inception as an Order of warriors for the Vatican, whose priests were in reality abominable assassins sent forth to exterminate church reformists, the same Order soon received mandates from the Pope to expand operations to the colonies of the White Man’s empires or vampires (choose your wilds).

As it grew in size, assets and power, the same Order was ecstatically involved in the Opium Trade. Opium was then tested on the Chinese peoples for consumption, with Christian missionaries including Jesuits surreptitiously teaching the folks to use the dope. Needless to say, opium made the Order vastly richer, the same drug income made available hence for ambitious Jesuitical projects including new schools and universities.

To recall our own history, this same criminal Order was expelled from the country for a century during the Spanish Era. It was then able to return, thanks to backdoor maneuverings in the Vatican, and as the Jesuits emerged most powerful with a monopoly to broker a favored cardinal’s installation to Papacy, they reinforced their fascistic stay in the country during the late Spanish era up until the American regime.

With the upsurge of the nationalist movement, under the auspices this time of Left social movements, the same Order nurtured priests who would facilitate for the CIA the formation of anti-communist 3rd Force groups. The Christian Democratic and the Social Democratic  movements were the products of the Jesuit covert operations, with Atenean youth serving as recruits for rabidly fascistic cadres.

We could easily see that a Noynoy Aquino presidency will usher another period of Jesuit mafia operations, with the Jesuit Order thus fulfilled that its offspring alumni are able to do the dirty job for it (SJ) that had successfully re-fashioned its image to a do-good fraternity. The visible Son does the job for the invisible Father. “He who has seen the Son has seen the Father!” declared the Son of Man two millennia ago.

The more enlightened Ateneo alumni are most likely nauseated by the dangerously warped contentions of fascistic Ateneans conspiring for Noynoy Aquino. As a sociologist and behavior expert, I could best regard such dangerous operators as psychopaths, antisocial elements, and/or personality disorder patients who should be locked up in psychiatric wards where they can serve life better.

[Philippines, 01 April, 2010. See: http://erleargonza.blogspot.com, https://unladtau.wordpress.com]

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VILLAR-BASHING: PHILISTINE JOURNALISM OF OLIGARCHIC MEDIA

April 3, 2010

VILLAR-BASHING: PHILISTINE JOURNALISM OF OLIGARCHIC MEDIA

Prof. Erle Frayne D. Argonza
University of the Philippines

Good day!

It is Holy Thursday as I wrote this piece. I normally put a halt to all of my analytical engagements on this sanctified day, but this time I decided to take some minutes to scribble my thoughts about the current Manny Villar-bashing coming from various quarters, particularly from media personalities (opinion writers, broadcast journalists).

I will zero in on those journalists who are in the employ of big tv/broadcast networks and major news dailies. The cacophony of malicious heraldries from these intellectual prostitutes (if you can even regard them as ‘intellectual’ at all) had reached a crescendo that had magnified confusion in the voters’ mind.

Resorting to the typical emotionalist discourse and therefore short-circuiting the rational-analytic faculties of information consumers, the malicious attacks on the person of Sen. Villar, which do not the least contain substance worth our wise reflection, have altogether triggered a mass panic. The decline in the latest survey rating of Villar by 6% shows how little do people see the underlying motives behind the black propaganda peddled by the same cabal whose words they followed.

Let it be recognized, first of all, that these journalists, no matter how mentally adroit they appear to be, are in the payroll of oligarchic media. The mega-hoarding greedy oligarchs have their own respective pockets to fatten, and if the malicious, sensationalizing, irrational heraldries from the Villar-bashing journalists would yield enormous sums for the fat hoarders, then let there be more such destructive onslaughts from the journalistic cretins.

Too few are those journalists who would be considered informative, balanced, and exuding wisdom in their countenance, for such true thinkers reside outside the media circuits. Not even those so-called multi-awarded journalists would count among the truly erudite, awarded as they are only because they were able to whet the appetites of the judges who, likewise, are in the payroll of oligarchic institutions, while some other judges are private pals of writers and creative ‘artists’ who are happy enough to make cronies win.

If there is any attribution I can offer to the oligarchic media for now, it is this: that philistine journalism had taken the upper hand. This eventuality marks the fragmented state of the mind shapers (media), even as they are contributory to the fragmentation of the human psyche as a whole.

Mental cretins who are in the employ of the media moguls, no matter how erudite they may pretend to be, are among the harbingers of a Dark Age where the flames of reason have simply snapped off. These same philistines have elevated the Primal to a high level of discourse, thus further eroding the rational-analytical that has been subordinated tragically to the greedy ends of oligarchic hoarders.

There is nothing to gain from the articulations of those quack intelligentsia, but only great things to lose if one would yield to their contorted peregrinations. The more that a reader or audience would succumb to the seductions of the philistine pen & tongue, the more that his/her reason recedes into atrophied state, the more mis-comprehension of the political dimension of life.

Only the fecal-minded idiots would succumb to such dis-informative articulations that only serve to mask the greedy pursuits of the oligarchs who have been openly supporting the equally oligarchic candidate Noynoy Aquino. The nation shall grieve all the more as the masking of the true reality—that global oligarchs are mounting economic, political, covert offensives to destroy the Philippines—will be reinforced in no small measure by the philistine journalists and their oligarchic employers.

To my fellow Filipinos, beware of these philistine journalists and expose their falsehoods in diverse venues. Stand up and together we shall smote the dragons of oligarchism and poverty, end an eon of colonial history, and proclaim a truly free nation. Stand up for the nation, and a stronger nation means the installation of a nationalist leadership and patriotic political coalition.

We shall overcome!

[Philippines, 01 April 2010. See: https://unladtau.wordpress.com, http://erleargonza.blogspot.com ]

RP MAIN TARGET OF GLOBAL OLIGARCHY’S MACHINATIONS

March 27, 2010

Erle Frayne D. Argonza

Good day! Magandang araw!

The global oligarchy, alternately called New World Order (NWO) or ‘Committee of 300’ or Military-Industrial Complex, is again hatching a contingency move across the planet. Little do East Asians know that the same elites have moved closer to home to fulfill their latest catastrophic plan, as exemplified by my Filipino compatriots who are as somnambulistic as the herds of the planet.

As already alluded to in earlier articles, the global oligarchs are using the 2010 elections in the Philippines to mask their plan. Being both scientist and mystic, I have the privilege to use both empirical-analytic and mystical-paranormal methods to buttress my claims, and in this note I’d share some of my meditation visions about their plot.

Over the last three (3) years or so, I articulated about the coming collapse of the global economy, the attempt to unify Europe under a neo-Bonapartist state, the modus Vivendi of the EU & US to install a 4th Reich, and the launching of a 3rd World War. The oligarchs & military-technocratic-political subalterns have hatched the plan apparently fairly well, through their organizational platforms –Bilderberger Group, Trilateral Commission, Council on Foreign Relations, Royal Institute for International Affairs, and NATO.

The global economic collapse already took place, while its flames still rage strongly in the USA-Europe-Japan trilateral zone. However, the plans to install a Bonapartist Europe, a 4th Reich, and launch a 3rd World War (via Sunni vs Shiite conflict) have been stalled. To simplify the matter, saner and more enlightened leaders inside the states, markets, and civil societies of the trilateral zone have prevailed, and have effectively neutralized or at least delayed the elites’ evil plans.

Indubitably, the oligarchy is terribly alarmed at the audacity and effectiveness of the opposition mounted against them. Alarmed more so to find out that the opposition is uncoordinated, launched as they are from more circumscribed interests of nations and social sectors fighting for survival against the predatory onslaughts of the greedy elites.

It isn’t difficult to realize that a determined predatory force will fight tooth and nail to maintain its ascendancy worldwide, and will plan a contingency move anew. Where the next focused target lies is everyone’s guess. Would it be Latin America? East Asia!? Africa?

RP is home to the hyperspace portal serving as short-cut to galaxies, and this portal (per my visions) has been re-opened by Light Forces after being closed for a long time. Any predatory force fighting for its survival, in the light of the entry of a 3rd Force (galactic fleets of higher dimensional order and superior firepower) arriving en masse on Earth, would be forced to reckon with the Philippines first of all as a possible escape route (NASA program’s being revived for this classified purpose to bail out the elites to other planets and star systems).

Philippine nationalism is also rising, and this has to be check-mated once and for all in the oligarchs’ perception. This nationalism is intersecting with the rise of the ASEAN as a region-state, and it won’t be long before the Philippine nation and its neighbors will realize that their region was formerly the Majapahit Empire, that they were thus duped by the Western powers into believing for some time that they were separate nations and states (nations crafted by the same powers). They are one nation, and they will prevail.

Lastly, there are the huge hoards of gold the country possesses. No, the hoard doesn’t belong to the Marcos family, but comes from diverse sources. A large amount of the bullions were a heritage of the Majapahit Emperor and passed on to descendents, many of whom are Filipinos. Some other large hoards remain unearthed, but lie secured deep within the surface, created a long time back by friendly forces—underground civilizations (cities) and elemental life-forms (certain forces possess the alchemical powers to convert ordinary stones into gold). I’ve done meditation visions before on the gold hoards, and was almost overwhelmed at the sight of the precious metals filling up large bank vaults specially designed for them (these are the bullions traceable to the Majapahit princes).

The oligarchs’ financial empire—created through liberalization, deregulation, privatization, globalization, and bubbled through legitimized looting and swindling—is now eroding rapidly, and it won’t be long before massive risings across the globe may lead to the overthrow of the oligarchic puppet states, confiscation of properties (watch oligarchs’ assets sequestered in Russia), and decapitation of the perceived criminals and their subaltern war criminals. Before the total collapse of the NWO’s global empire happens, drastic moves have to be done. The predators badly need the gold to bankroll their assets and sustain ascendancy of power.

Amid all the synergized anarchy-–or synarchy—across the globe perpetuated by the same predatory oligarchic families, moves are now being made to get the Philippines at all cost. The Pentagon’s men are moving to possibly install puppet generals to power in a failed election scenario, while the Anglo-European financiers eye the installation of liberal candidate Noynoy Aquino and crocodile factions to power.

Meanwhile, very surreptitiously crystalline receptors were installed in Luzon notably the Laguna Lake area, under the guise of ecology projects. I was able to monitor this move through visions, even as I was almost duped by a Caucasian lady who contacted me through email to join their installation of ‘healing crystals’ in a lakeshore town in Laguna (the lady’s name and email messages are still with me). These receptors will be used to re-echo submarine earthquake vibrations detonated by possible combination of nuke and Tesla Earthquake Machine or TEM.

It is a likely eventuality that a quake can be calibrated to yank the Marikina fault a bit that can ruin Manila into flattened debris. Producing 1/3 of the nation’s wealth, a flattened Manila means total devastation to the nation that is struggling hard to end mass poverty and achieve development maturity by 2016 or so.

The devastation of the Philippines via submarine nuke and TEM could also distort or warp the electromagnetic field or EMF of the islands and keep the cross-galactic Light Forces at bay, at least for a while. This will give the elites a window of opportunity to escape thru another route, as the galactic reinforcements will take a bit longer to traverse space via longer routes.

The possibility of a Galactic Force or G-Force intervening for Earth humans or Terrans, whom they possibly bred several millennia back, is becoming more manifest by the day. World powers are being urged to reveal their classified research information about the matter, yet they refuse to do so, even if the Vatican itself (via its department of UFO studies headed by a cardinal) already did its subtle message for the UK, USA, and Russia to broadcast the revelations (Vatican already released its report about alien bones and skull in its collection). The elites are obviously scared of this G-Force and are planning to hide underground and/or escape by space.

Just exactly what will happen to this broad contingency plan is worth our watch. Let us begin monitoring, and sharing information about the matter. Meanwhile, my fellow Filipinos sleep, amid murmurs of catastrophe.

[Philippines, 23 March 2010]

FAILURE OF POLLS: WHO GAINS

March 25, 2010

Erle Frayne D. Argonza

Good day to you all!

Manila’s mass media has been filled with news recently about the possibility of a failure of the May elections. The failure scenario is being forecast at a time when Filipinos will have a first taste of computerized elections.

For everyone’s clarification, the failure to computerize previous elections had got nothing to do with absence of expertise locally who could design software and hardware systems customized for poll purposes, since our infotech sector here had reached maturity sometime back in the 1990s yet precisely due to high-level expertise here. Our computerization has failed because dirty politicians (who were accustomed to cheating) and poll officials (COMELEC) have been exhibiting a ‘cultural lag’ in adapting to rapidly emerging technologies, hence their effective barring of poll computerization in the past.

Finally here we are, dangled with the state-of-the-art poll tools and methods, now ready or so it seems to face the polls with the new game. Albeit, in the process of the preparations for the polls, obstacles kept on cropping out from the mouths of poll execs, thus rendering the entire exercise as low in credibility in terms of public trust.

To make matters worst, the post of Chief Justice (CJ) of the Supreme Court has been rendered vacant. So crucial is the CJ as the magistrate is the one mandated to formalize the oath-taking of execs who win in the polls. Capping this rather toxic issue is the controversy in the choice of the next magistrate.

The clear scenario is that, after the polls, the positions of all the top state posts will be vacant, leaving no one to steward the nation during the brief transition to the time when execs will be declared winners and will then begin their respective incumbencies. To add incendiary overtones to the already heated discourses on the matter, which were spiced up with protest rallies of late, a state official (USec Planas) pronounced the possibility of a take-over by the military as a pre-emptive measure to avoid anarchy during the period of vacancies.

Belaboring the obvious, like unto some kindergarten quacks, political stakeholders have already started accusing palace officials as the diabolical plotters and greatest beneficiaries of a poll failure. Supposedly, military’s top chief Gen. Bangit takes over government, and then declares outgoing Gloria Arroyo as president on an extended term, thus perpetuating the governance by the ruling Arroyo family.

What is less obvious, which many would fail to realize, is that the neo-conservatives or ‘neocons’ who are well entrenched in the US Defense establishment is again into another set of synarchic destabilization in the region, and they are using their pawns inside the Philippine military to do their bidding. The country’s military maintains its organic ties to Pentagon and is ever-ready for some destabilization from the top (Washington & Europe).

The neocons and global oligarchic operators have been behind the institution of insurgent groups in the country, to create a situation of perpetual polarization and anarchy. Insurgencies are part of the politico-military games of the global elites (military-industrial complex is another term), and the game goes to the extent of our own military being cajoled to sell arms to the insurgents in order to renew armed confrontations, leading to more arms sales and ballooning the wallets of corrupt military & state officials.

If indeed Arroyo is amenable to being re-instated as chief exec on an extended term, she knows the arrangement as entirely hatched from Washington DC. Whatever role she performs in the latest political fiasco is only peripheral, she being just another pawn in the broader agenda of the neocons and global elites for the southeast.

The possible election of a nationalist regime, led by the noblesse senator Manny Villar, is perceived as a threat to the neocons and global oligarchs. Such a regime would put an end to the insurgencies most likely, an act that would snuff off the polarity games of the elites and hurt the pockets of corrupt military & state officials who would lose their contract payolas and gains from arms procurements.

Another scenario that could happen is that a people power by the Yellow Forces will be launched, bringing us back ala déjà vu to 1986. Seeing that the mass rising is unstoppable, the generals would then opt to support the civil disturbance and the presidency of Noynoy Aquino, even if it turns out that this mediocre candidate tails in survey ratings and poll returns.

Noynoy is the candidate choice of a greater wing of the global oligarchy led by the Anglo-Dutch financiers, with their puppet personages active in the Makati Business Club. The clerico-fascist wing (which has links with the Vatican) is with this conglomerate, with one of their leaders at the helm of the CIA-initiated Namfrel.

A hyper-convergence of the efforts of these unholy puppets of the global financiers/oligarchs and their militaristic subalterns (neocons) isn’t far-fetched a reality, as one ought to recognize. Since the neocons faction has been marginalized with the recent pre-eminence of the liberal-to-left factions of oligarchic subalterns (eg. Democrat victory in the USA), it is most likely that RP’s generals will play the game and ride the wind whichever it will go, and will not attempt to put up a junta that is too autonomous from their Pentagon sponsors’ agenda.

With just around seven (7) weeks before poll day, the plot is unfolding fast and making the polls more colorful though threateningly crisis-filled. Let’s see whether the cry-wolf propaganda about failure & military take-over will spoil the polls at all.

[Philippines, 21 March 2010. See: https://unladtau.wordpress.com, http://erleargonza.blogspot.com%5D

POVERTY: PHILIPPINES‘ ACHILLES HEEL

March 23, 2010

Erle Frayne D. Argonza

Poverty is the Achilles’ heel of the Philippine state, and will be so for at least two (2) more decades. Amid the appreciable growth the economy has sustained so far, with the national economy doubling in just eight (8) years during the incumbency of president Gloria Arroyo, poverty remains very high.

If we go by the yardsticks of the United Nations Development Program (UNDP) and the World Bank, the Philippines has been performing fairly well on wealth production as a whole, so much that the country graduated to a middle income status by the turn of the century. No more a poor economy by world standards, yet the country’s poverty increased from 28% in 2001 (when Arroyo took over the presidency) to 33% today (per latest government statistics).

Paradoxical, come to think of it, that while the economy has been growing and had moved to middle income status, more people have become poorer. Tough, very tough, is the task of mining for the ‘gini in the bottle’ that would reduce poverty considerably to a negligible 5% or less, a level that is easily manageable and where state and communities can simply decide to fully subsidize the remaining poor.

Whether the Philippines can meet the UN’s Millenium Development Goal of cutting poverty by half in 2015 seems much clearer now to social forecasters: the dream is elusive and unattainable. Not even if the economy will double again from mid-2009 to 2015 which is a most likely development.

The Philippines’ poorest happens to be the rural populations, notably the fisherfolk sector where malnutrition runs the highest rate (2/3 of children/families). Rural population is now down to 34% or 1/3 of the population, while the urban peoples comprise 66% or 2/3. Urban to rural poverty ratio is 1:2.5, meaning that for every 1 poor person in the cities & towns, there’s an equivalent of 2.5 persons in the countrysides.

The message is clear to the next government (formed by the new president after the May polls this year) that the attack zone on poverty should be the rural population. Both antipoverty and anti-hunger programs should be initiated at very high levels in the countryside to be able to bring down total poverty by a large degree.

Failure to solve rural poverty in the long run redounds to perpetuating insurgency. Even if the present insurgent groups would concur peace pacts with the state, new insurgent groups will emerge again in the foreseeable future should the rural folks remain paupers.

Urbanization is now moving up, and with its growing eminence has come the rise of new cities. Citification has seen the incomes of communities treble by leaps and bounds, thus permitting the same communities to spend on infrastructures and social development.

Left to themselves, without massive migrations from rural folks, the cities can accumulate enormous income surpluses to solve unemployment, poverty, and malnutrition (both hunger and obesity). Philanthropic groups consequently rise from civil society and market players, and boost surplus production for solving poverty.

However, such is not the case even as the migration of the poor from the countryside to the cities continues in steady waves. So this brings us all back to the challenge of solving poverty right at the backyards where the poorest are most concentrated. This means that the food producers shouldn’t be left out in the development game, even as rural development should be brought to its next level.

Goal-wise, the realistic target is to reduce poverty from 33% in 2009 to 25% by 2015, or an average of 1.33% reduction per annum. Means-wise, an appreciable mix of good governance, right socio-economic policies, and strengthening of institutions would do a long way to bring down poverty altogether in the short run.

Urban population will grow to 70% around 2015, while rural population will go down further to 30%. With lower rural populations to manage by then, there is no more reason for government not to be able to do something to solve poverty. And we say government, because the increase in poverty largely came from governance-related factors such as poor absorptive capacity (to handle large budgets), inefficiency, graft, poor inter-governmental coordination, and low political will to pursue audacious solutions to daunting problems.

In 1989, this analyst wrote an article “Prospects of Poverty Alleviation in the 1990s,” a piece that I delivered as a symposium lecture at the University of the East (Prof. Randy David was also a speaker). At that time, poverty was a high of 49%, while urban to rural poverty was 1:2.1.

Since 1989, we have seen poverty reduced from 49% to its present level of 33% (a 5% increase since 2001 though), although rural poverty moved up paradoxically during the same period. Poverty reduction is not really impossible, as evidenced by the huge reduction across a 20-year period. Bringing it down further to 25% by 2015 is a doable target.

So let us see how the nation will fair under the next government of the republic (after May polls), when we see a new set of political leaders and cabinet members installed to power. As I’ve mentioned in earlier articles, my standpoint is that a nationalist coalition, such as what the present candidate Sen. Manny Villar, is most equipped with policy paradigm and tools to deal with the Achilles heel of pauperism, aside from the competence and visionary acumen of the noblesse senator.

By nationalist, I mean that of moving towards a regulated market and fair trade, with high propensity for ‘physical economy’ policies. We can no more return to the days of liberalization policies that saw the economy crash down in ’83-’85, stagnate for a time and grow again before hitting the next recession in ’97, and finally move up to middle income status only after a turtle pace struggle taking three (3) decades.

Liberalism and its propensity to be pro-Big Business and Big Landlord is a big no in our fight against poverty, whether in the Philippines and other nations of the globe. In my country, nationalism is the antidote paradigm and social technology watershed to reverse decades of liberal policies and solution to poverty. I’ve been echoing this theme since my teenage years yet, and remains steadily anchored on it.

[Philippines, 20 March 2010]

PHYSICAL ECONOMY IN RP’S 2010 POLLS

March 23, 2010

Erle Frayne D. Argonza

The debates by presidential candidates have been reverberating the media audiences in the country for couples of weeks now. The issues have ranged from those that are social policy-oriented (subsidies to poor, health, education, housing, jobs) to macro-economic policies (sustaining growth, accelerating development) and moral policies (corruption, reproductive health). Some articulations of foreign policy were also heard from the competing gentlemen.

Seemingly confusing in their broadness, somehow the various forums for the debates (not actual debates but simply presentation of each one’s opinion about policy questions) did give a semblance of information-based campaigns by enthused candidates. This is already quite a departure from previous polls when debates were sparse and superficial, and should be lauded by observers.

What this analyst, who is a public policy expert, wishes to see clearly in the debates is the economic issue of whether to highlight the physical economy policies versus the virtual economy in the management of jobs and wealth creation by the next government. I raised this same question in the last presidential poll in the USA that pitted Senators Obama and McCain in a neck-to-neck fight. I shared my own assessment then that Sen. Obama resonated nearest to a physical economy inclination and should be supported by USA’s voters.

To reminisce a bit, the national economies saw the radical ascent of Reaganomic policies of privatization, deregulation, liberalization, and reinforcing policies beginning in 1980. Such policies led to the rapid integration of nations into a global economy, liberalized the cross-border flow of financial and monetary assets, and eventually led to the predominance of the ‘virtual economy’ based on predatory finance.

In the mid-90s, the Philippines saw its investments structure alarmingly imbalanced, with 86% or 6/7 of total comprising of portfolio capital, and only 1/7 or barely 16% in real or physical economy investments inclusive of FDIs (direct foreign investments). As early as 1989, I already raised the alarm bells that excessive radical liberalization of the economy could jeopardize the financial sector in the short run and lead to an economic collapse that could be far worst than the 1984-86 Depression of the Marcos era.

When a situation comes that the virtual economy dominates over the physical economy (agriculture, industry, S & T, transport) and subordinates the latter, a bubble is created. A bubble economy is one that grows on the basis of speculations in stocks and predatory operations of financial derivatives (secondary debt papers traded in the global market), and is bound to collapse when a burst comes since it isn’t based on tangible goods.

Surely enough, when the bubble burst in Thailand in June 1996, the ‘butterfly effect’ of a mini-flapping of wings created a storm across a vast region. We then dubbed that crisis as the ‘Asian financial meltdown’. The economies and financial institutions that had the greatest exposure to portfolio finance suffered the most.

The worst was yet to come though, as the USA had to wait for 2007 before it would experience its own crash, a catastrophic crash that spread to Europe and Japan (twas barely out of a decade-long recession). The same bubble economy and its predictable burst led to the crash, a recession that hasn’t fully retreated yet. Europe is still in flames today (watch the financial flames in Greece, Spain, Finland), while Japan remains as flat as it was during its 10-year crisis (1994-2004).

The fact of the matter is that, in a virtual economy, the predatory financiers (bankers included) gain the most, while the people pay the price for the collapse. And the payment comes in the form of ‘stimulus package’ that are derived from tax revenues. So the equation is that financiers run away with the massive loot, and the people pay for the cost of the looting crime. The culprits then run away largely unpunished, while the people face the punitive flames of massive business closures, retrenchment, unemployment, and bad debts.

In my book Fair Trade & Food Security (Kaisampalad publication, 2005/07), I emphatically stressed that we have to reverse the free market and free trade policies to be able to regain economic wellness. Reversal means we have to go back to the principles of regulated economy (production, trade, distribution, consumption), and replace free trade with fair trade in our international trade.

Strong regulatory frameworks, coupled with strong institutions and good governance, will redound to bringing back the physical economy into place. With the economy based on the physical or real economy, this country and any country for that matter will weather any economic storm both local and global. There is ample funds to pay national debts, balance the budget, fund social programs, create jobs, and increase wages.

Among all presidential candidates, only that of Senator Manny Villar so far resonates the strongest in terms of echoing the physical economy. This resonance could be explained by the fact that the noblesse legislator immersed himself in housing & infrastructures for the longest time of his life as an entrepreneur, and only fractionally engaged in speculative engagements. Besides, he was witness to the maelstrom on the realty sector caused by the bubble burst of ’97, a burst that wasn’t of his own making as it was the maneuverings of George Soros & pals via currency attacks (monetary markets) that led to the meltdown.

I hope you would agree with me that the slogan for this year’s polls would be: “It’s the physical economy, stupid!”

[Philippines, 19 March 2010]

ASEAN INTEGRATION AND THE SUCCEEDING PRESIDENCY

March 22, 2010

Prof. Erle Frayne D. Argonza
Consultant-Development Center for Asia Africa Pacific

[13 December 2009]

BACKGROUND
Foreign policy should not be left unaddressed by any aspiring presidential candidate. The absence of foreign policy in the platform of a candidate could prove disastrous, as it indicates the parochial mind of an aspirant who is over-focused on domestic policy and governance.

Chief issue that could very well occupy the debates would be the ASEAN integration (circa 2015). The concordance of treaties on climate change and economic policies (whether to stress on fiscal stimulus or strengthening regulations) are now ongoing, at a time when Europe had consolidated through the implementation of the Lisbon Treaty. The EU-type regional integration will be a stronger agenda for emerging markets in the short-run and will lead to modifications of each one’s foreign policy architecture.

PAST FOREIGN POLICY FOCUS
Prior to 1986 (ascendancy of the revived democracy), there was largely a dis-focus in the foreign policy field. This was an area of policy drift, so to speak, as the country had no independent foreign policy to speak of. Our foreign policy agenda then were dictated by the USA (concerning alliances and enemies) and the World Bank-IMF group (concerning development and economics).

Breaking out of the foreign policy chain was the greatest challenge from 1986 onwards. The Aquino regime promised to pay all of our debt obligations, thus ensuring our encumbrances with the global financial cartels. On the other hand, the Senate abrogated the US-RP Military Bases Agreement in 1991, a noble act that served as impetus for configuring a new foreign policy architecture.

The Ramos and Erap regimes continued the same subservience to the IMF-World Bank group (representing global financiers) and U.S.-centered alliances, even as the Senate signed the Visiting Forces Agreement or VFA within that two-regime period (1992-2001). The VFA was a setback to efforts by foreign policy quarters (diplomatic corps) to help us all procure a condition of independence in foreign policy, even as US troops continue to make presence in key areas of the archipelago.

The Afghan and Iraq wars was a watershed to our international alliances and efforts at achieving independence in this regard. Though committed to sending troops at the inception of the wars, the GMA regime later withdrew troops in both countries. Not only that, the same regime also re-carved the focus of foreign policy from one of gaining alliances and cooperation with other states, to one of advancing the welfare of overseas Filipinos. Our graduation from the IMF programs was also witnessed during this regime, which brought us nearer to independence in terms of international economics and development.

CHALLENGES TO THE NEXT PRESIDENCY
The efforts aimed at achieving independent foreign policy, as re-assertion of our national sovereignty, should be ensued by the succeeding presidency. The shift from external relations to overseeing the welfare of overseas Filipinos is a clear victory of the sector concerned (overseas Pinoys) and should be respected. A renewed assessment of our standing via the IMF (which imposed the disastrous austerity programs in the past) should be done, to ensure that we have indeed exited from its programs and impositions (via its ‘letters of intent’). The clamor to abrogate the VFA should be ensued while the momentum is there.

It is argued that the area where the next presidency can make a dent—foreign policy-wise—is the concurrence of a new treaty leading to the economic integration of the ASEAN at the least, and commitments to an eventual political integration at the maximum. The Philippines must re-assert its leadership in the region, a leadership that eroded due to the perceived rampant graft of government. Hopefully, a new presidency will revive our standing in the international community, and bring back our image as the leading nation in the region.

Among other things, the presidency should ensure the installation of regional institutions, to note: (a) regional executive body (with rotating chairmanship), and (b) regional central bank. The tacit concurrence of Asian countries to launch an Asian currency and an Asian Monetary Fund should also be concretized, with the ASEAN serving as the hub for finalizing the setting up of such institutions. The political parties in the region should also be encouraged to form coalitions and alliances, in preparation for a future ASEAN parliament. There also is the travel & tour agreement of non-visa passports for cross-border travels by citizens and legitimate stakeholders of the region.

Towards the tail end of the presidency, the launching of an ASEAN-wide taxation system, such as the VAT and Tobin Tax (for cross-border financial transactions), should be undertaken. Needless to say, the presidency should lead in galvanizing trade agreements and implementing them region-wide, along a win/win situation for the diverse stakeholders.

The presidency should not forget the forging of a regional identity, which should be buttressed by a massive campaign to develop regional loyalty by the citizens of the region. Along the way, people-to-people interactions, exchanges and cooperation should be encouraged.