Philippines: Wealthiest Nation on Earth?, Following Shambhalista's Dubai Philippine gold Options

[LDS]

Nice! Seeing all of that gold reminds me of Lao, Khmer, Thai, and Indonesian cultures. Modern Filipino culture looks very Spanish to me, so it's nice to know that Filipinos used to dress like other SEAs and adorned themselves in costumes made of gold.

Thats because modern filipino culture is very spanish...Filipino culture back then was more malay/ indonesian like....

[Savan]

Thats because modern filipino culture is very spanish...Filipino culture back then was more malay/ indonesian like....

Yeah, it is very Spanish. I can't relate to modern Filipino culture because your culture is very different from my Lao culture. However, I can relate to Thai, Khmer, and Malay cultures easily. But now that I know Filipinos used to have a similar culture like other SEAs, I now think that Filipinos aren't that distant from us after all.

That's it for me. No matter what anyone thinks, I know for sure that you guys are Asian because of your rich Asian culture in the past as revealed by those two YouTube clips.

I think you guys should bring back some of your old culture and relink with other SEA countries who still cherish their traditional gold costumes.

[higaynon]

Anong petcha naaaaaa...hehehe

Ano na angyayari sa MArcos Gold or Golds deposited to other countries?

Hintayin pa ba natin manalo si Bongbong MArcos?

hmmm..

Ano na ang update dito?

This post has been edited by higaynon: Jan 25 2010, 09:48 PM

[GoldenNilad]

Nah all we need to do is to install her majesty Imelda Marcos back unto the Atlantean-Maharlikan throne.

[azaz]

Whoever are behind the Trustees of the so called Diaz Will has no intention I think of giving what belongs to the beneficiaries of the Will which includes the province of Leyte. They just stonewall claims. They can move that deadline forward if they really want to help people. One thing I also noticed is that even if the DNP enterprises is supposedly very powerful, they still need certifications of documents from our Philippine Courts before they can transact with foreign banks. So it only tells us that our Philippine government can still have influence on this matter if it wants too to benefit Filipinos. As I posted before, 80,000 metric tons was said to have been allotted to the People of the Philippines. At $30 Million per metric tons, that is roughly $2.4 Trillion. I know that money is not everything in life but every economy on Earth, micro or macro, needs some financial boost to move on. Like what Fr. Marcelino Tagle suggested before: Principals, trustees, beneficiaries, government, etc.. should work together. And, yes, that will include the Former First Lady Imelda Romualdez Marcos.

Nice picture Shambhalista.

This post has been edited by azaz: Jan 26 2010, 08:24 PM

[SEArawrage]

lol, the government only?

[higaynon]

Maybe same greed story.

It is the gold/money that corrupts the minds of people.

[mankind]

Philippines can be great!

get your house in order ( sign peace treaties with all the warring parties in Philippines, it`s going on far too long: stop using stick use lots of carrots ).

get your "Marcos Gold" to pay for your military hardwares and manpower and develop your economy!. get the right candidate and team to invest wisely those billions remittances u are getting from your expatriates!

appoint the right people to look at your tax revenue-look at Norway, Sweden & Denmark as your model. get philippinos to pay the taxes they should be paying to finance your social program to help lifted the social wellbeing of the population and develop your own defence industries.

u have skilled work force, english speaking, sailors & merchant navy, oil men, health workers , they are everywhere on this globe: all u need is honest and able leader, good governance ,proficient economic planners and executors.

viva Philippines

[plsloveme]

i expect the gold reserves of the Filipino people were wisely invested in American bank stocks and real estate funds. Think how wealthy the Philippines is now !!! 2

IT IS FIAT MONEY AND NOT GOLD RESERVE IS USED IN NATIONAL CURRENCY REP.

[matigasngulo]

Pretend for a moment that the US $dollar is no longer useful. With what could we settle transactions?

Obvious answers are a new fiat currency from a new Central Bank; currency issued directly by the government, such as US Treasury-issued Greenbacks; precious metals in raw, coin, or certificate form; various forms of local or private coupons or currencies; novel concepts, like various forms of digital currency; and certificates of claims on present or future assets, baskets of goods, commodities, energy, or even other currencies.

Currency is managed scarcity. The complaint against fiat currencies is that it is managed poorly. Precious metals are by their nature scarce, but have practical issues associated with mass, competition with industrial consumption, speculation, coin clipping, and assorted predatory market manipulation.

Clearly a society can have some level of success trading in feathers, seashells, salt, precious metals, government coupons, and even fiat currencies. Of course, systems tend to fail with surplus or scarcity shocks, either through natural disruptions, or more commonly through management-induced changes in currency supply when the Wizards of Smart are found to be lacking. However, most would probably agree that historically the most successful currencies have been through precious metals and fiat currencies (depending on a definition of “success”, and to some extent, the motives for maintaining a currency).

For fun, let’s assume for a moment that we want to try something different.

In our pretend example, we would like to have our currency “backed” by something, thus fulfilling the fundamental requirement of scarcity: Since nothing is infinite, a currency backed by something cannot itself be infinite (short of accounting fraud). It would be nice if the market determined the value of that backing, and (of course) that backing will change over time relative to other things society values, but we generally want that something to have a somewhat “stable” value.

What about a basket of stocks and bonds?

Remember that a “stock share” is a share of all future profits. While some pretend it is represents a percentage of ownership of a company (which is sort- of true), and it may represent a claim on the company in liquidation, remember that the company’s bondholders and creditors fill their claims from a company’s assets first. While most shares today are purchased for speculation (e.g., the share is desired because the buyer expects its future price will be higher), this is somewhat of a distortion because its fundamental value as an investment is merely the value of all future profits delivered.

Now we’re ready: Many investment companies offer a “Total Stock Market” investment fund with low expenses. The fund purchases shares on the open market to maintain a balance that resembles a market index, but which is distributed among all the stocks on the market. Thus, this fund is backed by shares in companies that are regulated, audited, and exposed to public scrutiny. Individual companies may be performers or stinkers, but the public (at some level) can scrutinize and value the individual company’s worth. These same investment companies offer a “Total Bond Market” investment fund with low expenses, and the public can similarly perform due diligence on individual bonds that comprise that fund.

Next, we have the magic of a Money Market Fund, originally designed to provide liquidity and price stability at one dollar. It pays dividends to the fund with increased shares, but the shares themselves remain at one dollar (i.e., one nominal unit).

Combine all three (Total Stock Market Index, Total Bond Market Index, and Money Market Fund), and we now have a Money Market Fund backed by the Total Stock Market and Total Bond Market (at a 50% / 50% ratio, to pick a ratio, with history suggesting such a balance is more stable and productive than all of one or the other). Let us call this fund, the “Bocks” (for “bonds/stocks”, since that’s easier to pronounce than “Stonds” [for “stocks/bonds”]). Another cool name might be the “Sibs” (for “stocks-index-bonds”), but I must admit I was never very cool, and probably should not be permitted to coin such terms.

The final requirement is the issuance of “Bearer’s Bonds”. If you bought one share of Bocks, it is worth one share of Bocks. Its value is somewhat stable at the nominal Money Market one dollar. However, on deposit at an institution, the institution would receive the dividends from the underlying assets that back that share of Bocks (and that institution may be kind enough to split that dividend with you).

It’s true that bearer’s bonds of Bocks in circulation (equivalent to today’s M1 printed money supply) would produce no dividend (because to where would the dividend be sent?), but that is a relatively small number of Bocks related to the total money and credit supply, and that merely increases the dividend distribution to deposited Bocks (where we actually have an address to which we can send the dividends).

[Side note: The US banned new issuance of bearer’s bonds in 1982 to inhibit tax avoidance, but even a personal check can be considered a “bearer instrument”, which can be used legally. While it may be possible for an investment company to establish a Bocks system today, a legislative change may make this easier.]

Thus, we could still have anonymous transactions without centralized control (e.g., the private trading of goods-and-services for bearer’s bonds, or printed Bocks), and Bocks found buried in a back yard after a decade would still hold the face Bocks value (although the dividends would have been forgone, since they were not on deposit). The issuing agency would “benefit” from Bocks that were lost or destroyed (since these shares effectively were dropped from circulation, resulting in a reverse-dilution for the remainder of Bocks holders), and the issuing institution would remain viable just as they are today by charging a “management fee” to be paid from the dividends produced by the underlying stock and bond assets. Theoretically, the underlying companies issuing the stocks and bonds themselves could be priced in Bocks, with the relative value of the company being determined by its competitive place against other companies: One company could not grow-in-value ten times overnight without similarly lowering the rest of the market by that value in that same night.

This is as it should be: The value of all houses in my city is fundamentally determined by the incomes of all the people that live in my city. The value of all products produced is determined by the purchasing power of all people that consume products. The value of the entire stock and bond market is determined ultimately by the value of all future profits, which themselves are determined by the value of all future productivity.

This system also honors the fundamental “time value of money”: One dollar tomorrow is not as good as one dollar today, so when I loan you my money today, I want you to give me back more tomorrow (e.g., “interest”). One Bocks on account is worth more tomorrow simply because of the dividend it can claim through its underlying assets, the stock and bond markets.

Further, we need not grant a single institution monopoly control in issuing Bocks: Many investment companies exist today with these market funds, each with their own structure. One Bocks is worth one Bocks, no matter who was the issuing company. Counterfeiting is only possible through fraud, in the event Bocks are created without purchasing the underlying stocks and bonds on the open market.

What about speculation? Stock market crashes? Secular cyclical changes in the markets?

First, these swings principally relate to the expansion and contraction of credit. Society must make its own decisions regarding fractional reserve lending, leverage limits, auditing guidelines, government fiscal discipline, and any other mechanized fraud. That has nothing to do with the currency itself, or the fundamental “worth” of anything.

Second, our fictional Bocks currency itself doesn’t care about the price of the stock or bond markets. Ten thousand? Three thousand? One zillion thousand? Who cares? We don’t care because the Bocks is itself merely a unit of exchange, and its instantaneous “worth” is merely its fundamental claim on future dividends. When the market crashes, conceivably the Bocks is worth more, in the event future dividends are expected to be relatively high compared to the current market “share” price.

Nothing is “fixed” forever, as things constantly change relative to each other. We need only consider as currency something that is “relatively” stable, and “relatively” worth something. We can agree the dollar (or any national currency) has had volatile swings in valuation over the decades, with the US dollar currently devalued in excess of 95% from its inception. It is hardly the poster child for a more stable system. In fact, no unit of exchange satisfies this “super-stable” concept. Thus, the best we can do is pick a backing that is of relative stability and value, and which represents the productive capacity of society: The stock and bond markets.

Fundamentally, all other markets are ephemeral: Wealth is stuff people want, and society creates wealth through the productive capacity of the stock and bond markets. Holding a share of all future profits from those may be the best we mere mortals can do.

i don't think any country with or without gold reserves would risk such an experiment, but maybe the ASEAN could try it for a common currency LOL

[trismegistos]

i don't think any country with or without gold reserves would risk such an experiment, but maybe the ASEAN could try it for a common currency LOL

or a One global currency... the culmination of a NWO.

The financial elites are telling the sovereign nation states to surrender their sovereignty starting with a common currency just what is happening with the Euro for the EU.

This post has been edited by trismegistos: Jan 31 2010, 07:04 AM

[azaz]

Philippines can be great!

get your house in order ( sign peace treaties with all the warring parties in Philippines, it`s going on far too long: stop using stick use lots of carrots ).

get your "Marcos Gold" to pay for your military hardwares and manpower and develop your economy!. get the right candidate and team to invest wisely those billions remittances u are getting from your expatriates!

appoint the right people to look at your tax revenue-look at Norway, Sweden & Denmark as your model. get philippinos to pay the taxes they should be paying to finance your social program to help lifted the social wellbeing of the population and develop your own defence industries.

u have skilled work force, english speaking, sailors & merchant navy, oil men, health workers , they are everywhere on this globe: all u need is honest and able leader, good governance ,proficient economic planners and executors.

viva Philippines

Thank you Mr. Mankind.

A bit of information from Ming Forum: (Todd Alphine) ... I know of 17 different Recovery Groups and International firms that were to offer help to the Administrators to settle the financial nightmare of that mess and the two or three firms that seems to have done the best jobs was SAMCO and another one called SEREN and then the nicer of all of them being VICTORIA's group. And there were three (3) different Administrators appointed by different courts, to represent the estate of Mr. Santa Romana after He was deceased. But there is not a hell of a lot that was actually intended for the so-called estate itself. Most of the assets and control over the gold deposits and cash deposits were under the control of the original Umbrella known as DIAZ-NANETTE-POIRROTTE Corporation (DNP Enterprises) registered in Monaco...

This post has been edited by azaz: Feb 1 2010, 08:23 PM

[higaynon]

Thank you Mr. Mankind.

A bit of information from Ming Forum: (Todd Alphine) ... I know of 17 different Recovery Groups and International firms that were to offer help to the Administrators to settle the financial nightmare of that mess and the two or three firms that seems to have done the best jobs was SAMCO and another one called SEREN and then the nicer of all of them being VICTORIA's group. And there were three (3) different Administrators appointed by different courts, to represent the estate of Mr. Santa Romana after He was deceased. But there is not a hell of a lot that was actually intended for the so-called estate itself. Most of the assets and control over the gold deposits and cash deposits were under the control of the original Umbrella known as DIAZ-NANETTE-POIRROTTE Corporation (DNP Enterprises) registered in Monaco...

So whats the Update on this? Are they seriuos that they will give the Philippine share? or they are enjoying the life abroad? Hope the said admistrator will change thier heart someday and not be blind and corrupted.

[UnstoppableProph...]

If they continue to be greedy they will soon be judged. They cannot eat gold once the power of Revelation befall them.

[matigasngulo]

IT IS FIAT MONEY AND NOT GOLD RESERVE IS USED IN NATIONAL CURRENCY REP.

no, really, what WAS it invested in ? i know it IS gold, so who had it - interests me more than, where it goes to now - well, unless its the Philippines

[mankind]

Thank you Mr. Mankind.

A bit of information from Ming Forum: (Todd Alphine) ... I know of 17 different Recovery Groups and International firms that were to offer help to the Administrators to settle the financial nightmare of that mess and the two or three firms that seems to have done the best jobs was SAMCO and another one called SEREN and then the nicer of all of them being VICTORIA's group. And there were three (3) different Administrators appointed by different courts, to represent the estate of Mr. Santa Romana after He was deceased. But there is not a hell of a lot that was actually intended for the so-called estate itself. Most of the assets and control over the gold deposits and cash deposits were under the control of the original Umbrella known as DIAZ-NANETTE-POIRROTTE Corporation (DNP Enterprises) registered in Monaco...

u need the Israeli Or US Govt involvement. they know how to make things happen. Look at the Swiss Govt having to get
their banks to disclose and pay once the Israeli Involved.! "YOU MUST BE SHREWD"

http://www.google.co.uk/search?q=SWISS+BAN...lient=firefox-a

http://www.google.co.uk/search?q=SWISS+BAN...lient=firefox-a

GOOD LUCK PHILIPPINES

This post has been edited by mankind: Feb 9 2010, 04:58 PM

[higaynon]

Australian explosives expert Kevin Cuthbertson on Thursday shows Japanese WWII ordnance unearthed from Intramuros during an archeological dig. AP

What and Why they are digging in Intramuros now?

[matigasngulo]

^how much does that guy get to keep ?

[azaz]

Archaeological dig? The 617,500 metric tons of gold that backed the Central Bank of the Philippines in 1949 used to sit in the bunkers of Fort Santiago in Intramuros according to John Knight Arcane. And some records say that it used to be around 720,000 metric tons, even 1,000,000 metric tons from some tally. Maybe there are still something to dig there aside from those puny World War II ordinances.

Although there seems to be some intentions from the Diaz Trustees under its administrator, Ms. Tarciana Rodriguez, to help the Philippines, there are no solid signs that those intentions would translate into action. For one, claim for Leyte, which was mentioned in the Diaz holographic last will, was stonewalled- not a good sign.

DNP blocked redemption of ABLs in foreign banks making holders look for local redeemers or buyers for their certificates. I suggest ABL holders band together to stake their claims on foreign banks holding the physical gold.

As I said before, whatever group is transacting gold certificates originating from the Philippines, documents would require some certification from Philippine agencies or courts. Allan Diggle, a Canadian, who helped recover an SGRS certificate in China for DNP Enterprises had to be in Manila for an hour for certification of documents. That was fast but I do not know from what agency he got his certification. Anyway, point is, the Philippine government, our government, whether our leaders deny or not the existence of this Philippine gold (or whatever people want to call it), HAS A ROLE in the transactions because it seems that Philippine government certification is needed by foreign banks holding the physical gold. And this NOBLE role should benefit the Philippines.

This post has been edited by azaz: Feb 19 2010, 09:40 PM

[higaynon]

Archaeological dig? The 617,500 metric tons of gold that backed the Central Bank of the Philippines in 1949 used to sit in the bunkers of Fort Santiago in Intramuros according to John Knight Arcane. And some records say that it used to be around 720,000 metric tons, even 1,000,000 metric tons from some tally. Maybe there are still something to dig there aside from those puny World War II ordinances.

Although there seems to be some intentions from the Diaz Trustees under its administrator, Ms. Tarciana Rodriguez, to help the Philippines, there are no solid signs that those intentions would translate into action. For one, claim for Leyte, which was mentioned in the Diaz holographic last will, was stonewalled- not a good sign.

DNP blocked redemption of ABLs in foreign banks making holders look for local redeemers or buyers for their certificates. I suggest ABL holders band together to stake their claims on foreign banks holding the physical gold.

As I said before, whatever group is transacting gold certificates originating from the Philippines, documents would require some certification from Philippine agencies or courts. Allan Diggle, a Canadian, who helped recover an SGRS certificate in China for DNP Enterprises had to be in Manila for an hour for certification of documents. That was fast but I do not know from what agency he got his certification. Anyway, point is, the Philippine government, our government, whether our leaders deny or not the existence of this Philippine gold (or whatever people want to call it), HAS A ROLE in the transactions because it seems that Philippine government certification is needed by foreign banks holding the physical gold. And this NOBLE role should benefit the Philippines.

Banco Santander is already backrudpt. The Spanish is bankrupt according to larouche..And I think PGMA is going to visit Spain this year? Are we one to bail-out them? Lolz...