Balloon Theory - by Craig Harris

First of, I would like to thank my good old expat friends whom I have met since four years ago through the late good German Alfred. GR introduced me to 321gold.com which in turn I have followed since then and reading their articles have given me a clearer and different picture of reality. This post I am making today is perhaps one of the best reads I ever had and I felt compelled to share it with my friends as well - real life or digital.

The title tells you already as to who made the article and I will be putting in only a his first paragraph and you may go straight to his website with the link provided below.

In 2008, the peoples capacity to finance the debt they carried was exceeded. A global balloon of debt burst causing the largest financial crisis in world history. As articulated by the former Secretary of the Treasury to the US congress, a near cataclysmic chain reaction breakdown of the entire global financial system occurred. The Keynesian economic model was exposed as a fraud, and other theories and ideas are now emerging in an attempt to better explain past events as well as to offer predictive value that the now discredited Keynesian model will surely fail to predict.



Continue reading the Balloon Theory by Craig Harris

Transparency Watchdog Launched

Late last March, I have come acrossed an article over Inquirer.net about a new advocate for transparency which aims to protect public finances from being abused by the people in the government. They have their website click here to "pera natin to" website.

My extremely useless and tired brain kicked up by the idealism this group is up to. At least we see moves to curtail corruption. I have always been against such practices in the government, being someone who grew up in a society where the beaurocracy is at it's peak of abuse, it is disgusting to see this supposedly public servants mock the sanctity of their positions.

Pera-natin-to is very much welcome and appreciated for it's existence. The concept is ideal, but can they really do what they are meant to? This, not to offend the organization, I am still a skeptic. It appears that this group is sponsored by USAID, I'm not so sure if sponsor is the right term but let me put it that way as a layman.

USAID, is a government agency - of course by Uncle Sam itself. Uncle Sam is a viscious empirialist. This reminds me of Uncle Sam's role in the cold wars. Could it be that this watchdog is one of Uncle Sam's infiltration agency to the already infiltrated disfunctional government of the Philippines?