Scandals in the First Family

[explorer]

huh? more than half of our debt was acquired after marcos era... its not interest... kasi kung 27.2B * .05 annually bale... $51B kung hindi tayo nagbabayad... eh since binabayaran natin yun interest yearly... yun half ay inutang nun ibang president... kaya rin naging $27.2B utang natin nun 1986 ay dahil umutang ang pilipinas after marcos era to rehab misleading yun year 1986, akala nun iba tinakas din ni marcos yun pera...

$45B+ yung utang ng pinas (1 dollar=14 pesos rate, 1985) noong umalis si marcos noong 1986. lumobo na lalo noong pag-upo ni cory nun nalaman na wala na pala pera ang gobyerno kaya lalo bumagsak ang peso (1:21) dahil nga walang gold reserve ang central bank (dala ni macoy kahon kahon na gold at bills sa hawaii). we now have more than $54B debt because of peso devaluation (1:26 --> 1:45 asian currency crisis in 1997 & 1:45 ---> 1:55 erap crisis in 2001) and more borrowings by the succeeding administrations.