Things you need to know before idolizing marcos

[donbuggy]

Marcos cronies took over DMG, Inc., the local company that assembled Volkswagens.

I posted this one before:

Radiowealth Finance Company, Inc.

And so, like other companies at the time, DMG sought out government support. This move, however, brought ruin to the business, as DMG became vulnerable to the government's imminent take over.

"When the economy started to falter, we tried to ask for government support, like the other companies. At the time, through some intermediaries, we were asked to negotiate with the Romualdezes in order for us to get some support. But Dad never agreed to the conditions. What he agreed to was that it had to be a buyout," said Mr. Guevara.

Under the terms and conditions, a sum of P10 million was to be paid to the Guevara family as payment for DMG, Inc. After the turnover, the new owners were to manage the business and pay the sum in a succession of years.

"Ten million pesos at that was a big amount. So we already turned over the company to Romualdezes, but we were not paid." He disclosed.

Meanwhile, D.M. Guevara went into self-exile in the United States after the loss of DMG, Inc. He came home only after the ouster of Marcos.

[ClaNker]

ngayon wala na si marcos, mas marami ang namamatay ng dahil sa hindi pagsangayon sa kagustuhan ng nasa gobyerno. magmula sa media hangang sa ordinaryong tao.
ngayon wala na si marcos, mas malaki ang utang ng pinas.
;)

Sino ang media nung panahon ng idol mo?

[lowslowbenz]

And here are some excerpts from Ducky Paredes' blog on how a huge chunk of land, majority of which is Ternate, in Cavite was land grabbed by the Marcoses and the Panlilios (known crony).

Puerto Azul and Caylabne Bay (former Marbella Marina) is located in this chunk of land.

Ducky Paredes ? 11.05.05

[greenlyt]

Ignoranteng nabola ng pesbuk ni bongbong.

They are the reason why we have the revillas, estradas, etc. in the senate

[A121]

ngayon wala na si marcos, mas marami ang namamatay ng dahil sa hindi pagsangayon sa kagustuhan ng nasa gobyerno. magmula sa media hangang sa ordinaryong tao.
ngayon wala na si marcos, mas malaki ang utang ng pinas.
;)

Ever wondered why the Philippines was prospering on those times?

We were up to our eyeballs in debt! kaya nung 1980s default sa pagbabayad ng utang!

[vinj]

may pambili naman...kasi nga mas marami ang may trabaho dahil maraming pabrika.

What's the source of this info? FB ni Bongbong?

I have a close relative who was forced, and chose to resign from a high position in a private institution, rather than bend down to the demands of the conjugal dictatorship. My Tito and Titas had classmates and friends who were killed or disappeared during Martial Law.

Their money is still all over the place to this very day. They were never gone and they (and their cronies) are still as strong and influential as ever, IMO.

[greenlyt]

^
and they act as if we owe them big time

[_Qwerty_]

totoo to natatandaan ko non.. nakakakita lang ako nang apples, orange and grapes sa grocery pag pasko.. or pag uuwi yung mga relatives namin from US.. kahon kahon apples ang dala..

nung panahon ni marcos, halos walang imported.
mas maraming atis, santol, melon, pakwan sa palengke kesa sa apple at orange.
mas maraming pabrika ng sapatos sa marikina dahil wala ka halos makitang nag susuot ng Nike.
mas maraming pabrika kasi walang gaanong imported.
lahat ng bawang, sibuyas, kamatis, bigas locally made.
lahat ng meat products at fish locally made.

in short, masigla ang halos lahat ng local industry.
may mga tiwaling pulis at opisyal ng gobyerno pero hindi sila ganon karami.

[lowslowbenz]

^

That is because the country was not a member of any free trade agreement AFAIK. So the influx of foreign goods was limited. Kaya during those times one can only buy imported sperry's, hanes underwear, etc at the PX stores in Cash&Carry and Cartimar.

If the Marcos dictatorship continued, this country would be more like similar to North Korea.

[niwde11]

Marcos=centralized corruption
after Marcos= decentralized corruption.