Things you need to know before idolizing marcos

[jhnkvn]

I would also point out nagbago ang stance mo as the thread progressed.

From debt and infrastructure is bad..

Kakaiba talaga. I think you need to check the basics.
What good is the infrastructure if there are minimal employment
What good is the infrastructure if the central bank is bankrupt
What good is the infrastructure if that's built on epic debts
What good is the infrastructure if there is aggressive depreciation
And the list goes on.
Edit: Does that sound like a "good economic standing"? The answer is NO.

then please tell me what is the sustainable plan if Marcos was not overthrown? Hindi nga makabayad. Remember 95% gdp to debt. Restructure how? Longer payment, more interest, lower monthly/annual? So 5% left will be 10% to 15%? That's nearly enough to run a country. In turn, kailangan pa rin umutang. Tama? Tapos restructure again to run at least 50% gdp to budget. Longer payment again hangang apo ng apo na ang magbabayad? All these for infrastructure that don't turn to gdp.

bankrupt central bank, massive inflation, us exchange more than 500% peso depreciation, minimal employment. Yeah debt is not good or bad. All of these for infrastructure with no ROI in anyway. Iikot lang tayo sa "look at the other countries".

edit: you claim that the infrastructure will make money for the country, how? No ROI in sight. After 28 years, dapat yung iba ng projects niya early on have some economical impact, instead the country was still going down... Year on year.

hmm let's see, from less than 1b debt to a whopping 28b. Good management? If the country was a public company would you bet on it? No dividends, massive debts, personal gain of the ceo is massive. Value of assets going down the drain. Your treasury has no money to pay debts,

Mind you, I stopped at page 20/27.

.....to that it is "okay". Okay as in adequate and acceptable.

Of course economical thinking because we're talking about an economy.
Borrowing and infrastructure are ok, but not to mask his personal gain and get the country on its knees.

As I've said ok lang borrowing and infrastructure as long as it does not bring the country to its knees.

Again,

The borrowings were due to illiquidity to pay thanks to an already low treasury which was the result of price ceilings from the oil crisis in 1970s and 1980s.

As glenn_duke pointed out..

At the time before 1986 nasa P40/kg ang galunggong, but after 1986 umakyat na ito sa 80/kg.

The low price was because the government was effectively subsidizing your food to buffer you from rapid oil price increases. In fact, the 1986's price of Php80/kg is already good since oil prices went down since 1986. If galungong prices were at Php40/kg in the market then.. the real market price of this was somewhat around Php240/kg ceteris paribus. This was not only limited to food but transportation and other basic necessities.

If it did NOT subsidize your food. Chaos ensures. Imagine the turmoil it'll have on the country - we're already picketing out on the streets with a slight increase in fuel costs.. what more kung they've began multiplying it? Truth is.. poverty is going to shoot up immensely and a lot of people are going to die.

Now, are we the only one who imposed price ceilings during the same time era? Nope. The US also did in case you were wondering.

--

In any case, confused_shoes... archie.. don't flamebait in pages 27 and 28 because I believe napupunta na dyan so tone it down a bit. I kinda gotten this innate ability to discern out of years of experience as a fellow forum moderator of several boards. Just a friendly heads up para better be safe than sorry.

[confused shoes]

^Thank you for reminding, sir.
Bumabalik na naman tayo sa umpisa.

[[archie]]

Archie, your judgements is because you're in the future. Super comfy ng position na yan since alam mo na ano ang ngyari. If I may use a metaphor.. may I remind you that Marcos does not have a time machine that can peer into the future.

Time and time again, I have refuted your generalization with detailed arguments. Ridiculously detailed I might say so. So I'll sum it again.

In post #191, you gave me a reply (sarcastic.. but I'll brush it off) of our economic situation and "all infrastructure with no ROI". This no ROI argument is again repeated in #197.

Truthfully. I did not want to bring data up. This is because it appalled me on how people say "no ROI" with such confidence. Some infrastructure projects did not. Some did. But the fact is, not all infrastructure had no ROI. Did you not stop and think that our very economic health is grounded upon his infrastructure? LRT fares two million commuters daily. NAIA processes more than 8,000 passengers to their flights every day.

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In post #232, you said you have historical data to prove na patuloy babagsak ang ecokonomiya under Marcos.

I refuted this in post #235 stating talagang babagsak ang ekonomiya natin whether or not Marcos is President or Mr. Banana (I made that up before anybody starts questioning who Mr. Banana is). I gave you strict statistical data of real oil prices



... of interest rates which increased our debt repayments



and why he HAD to borrow..



-------------------
In Post #237,



I replied in post #257 that it is only natural to build because the most logical thing to do in that crisis is to adopt an expansionary fiscal policy. Kung ayaw mo maniwala, I'll meet economic teachers from DLSU, ADMU, and UP and let's bet a million pesos on it on whether the expansionary policy is correct or not.

Unless masmagaling ka pa sa mga economists ng Federal Reserve, European Central Bank, Banco Sentral ng Philippines, Bank of Japan, and People's Bank of China. What Marcos did at his time was correct fiscal policy wise.

My o my, still refusing to see infrastructure until central bank was bankrupt. Ask your economic teachers. Is bankrupting a country ok for the sake of infrastructure?

Show them also the indicators

Currency depreciation
Debt to gdp
Grp growth

I highly doubt they would dismiss economic figures like what your doing.

Ang kulit, ok nga lang infrastructure and debt as long it does not bring the country to its knees.

That ROI came with TopEngine 's post. Reaping the rewards, he called it.

Oil prices can't be controlled we a price taking country. Again, give me figures during his time and measures his administration did. Figures please.

[[archie]]

Bro, you are still refusing to see infrastructure was his way to get debts. So deep, central bank went bankrupt.

Just give me figures of his era that can make your case na we would be probably better with him as a dictator after 86.

[[archie]]

Read: http://www.spot.ph/the-feed/47729/so...-marcos-regime

I think she more than qualifies for economic condition/devastation of the Marcos era. She has figures to back it up.

[glenn_duke]

Read: Solita Monsod says "economy was in shambles" after Marcos' regime | The Feed | SPOT.ph: Your One-Stop Urban Lifestyle Guide to the Best of Manila

I think she more than qualifies for economic condition/devastation of the Marcos era. She has figures to back it up.

Natawa ako dito, if we have heeded solitas economic advises during her NEDA days, bankrupt narin kami ngayon. Yung mga kasabayan naming naniwala sa forecast nito, folded na. Daming political concession nakuha ng mag-asawa na ito.

[[archie]]

She was pointing out how bad the economy was.

Unless mas magaling ka sa up cum laude graduate, masters in economics, candidate for PhD. Professor in U.P.. As jhnkvn would point out.

At may data to back up.

[glenn_duke]

She was pointing out how bad the economy was.

Unless mas magaling ka sa up cum laude graduate, masters in economics, candidate for PhD. Professor in U.P.. As jhnkvn would point out.

At may data to back up.

May mas magaling pang credentials dyan na graduate din ng UP na hindi kanga bilib, lol.

[[archie]]

May mas magaling pang credentials dyan na graduate din ng UP na hindi kanga bilib, lol.

So what?

Ang tanong is mas magaling ka ba sakanya?

[glenn_duke]

So what?

Ang tanong is mas magaling ka ba sakanya?

Esep esep, sinagot konayan sa una kong post, kung hindi mo ma gets, time for an IQ check.