We’re just 1 centavo away from PHP 59:USD 1. Before this month ends, the forex will be PHP 60, which beat my brother’s estimate. The cost of powdered milk has jumped PHP 200+ for the pack that I usually buy. We import our milk from New Zealand or Australia because we don’t have enough cattle or rolling lands here for commercial-scale milk and beef production. This is bad for those with infants and toddlers who still need milk.
I was supposed to draw down one of my investments last month but I hesitated because I still didn’t have a full estimate for my house’s construction. Today I lost 50k (paper losses) for that specific investment just because I didn’t have the foresight to withdraw it then. I was being greedy as well, thinking that the markets may bounce back pre-3Q22 corporate financial earnings reports.
HOW F*CKING WRONG I WAS.
Now ECB President Christine Lagarde (*I met her when she was still the IMF Chief and visited the Philippines* 😉) just said that recession is imminent this winter in the eurozone. UK tax cuts would only aggravate the situation and we would be bouncing to a global recession by next year. Actually, we should be in recession now since consumers had been closing their wallets for while now due to the incessant quickening of inflation.
The typhoon also flattened the food basket of Luzon. It’s rice harvesting season now but the typhoon destroyed all rice farms in its path. Prices of local and imported (as declared by the rice cartel of Thailand and Vietnam) will further climb.
AND YET…
Marcos just tweeted and posted on FB how “successful” his NY visit was. Their inept social media machinery showed spliced videos and photos of his speech before the UNGA to show there was an audience. But the truth photos shot by professional photographers showed that delegates walked out on Marcos.
His US trip didn’t gain any investment pledge. But he watched an Eric Clapton concert and went shopping while the rest of the country is being battered by Typhoon Karding. Rescuers in Bulacan died doing their duty.
He made this government trip a family affair because this is the first time his family can step on US soil because they were banned for decades because of their numerous crimes and convictions. But because of US law that states that this ban does not extend to head of states. 😤
Everyone else in the world are asking us why did the Marcoses come back? The Germans said they could not even imagine having Hitler back so how come Filipinos allow it?
BECAUSE WE ARE STUPID, DRUNK THE FACEBOOK KOOL-AID.
Ghad, I could punch every person who voted for this brainless BabyM. He’s as incoherent as Duterte, but in English. If there was an Asian version of a dumb blonde, he could be the perfect representative.
I keep on telling myself not to open my Twitter and yet I couldn’t help it because I needed to check the tweets from the financial markets in the US, UK, and eurozone. Today was no better.
The Marcos trolls and the Sara Duterte trolls (they’re different breeds) are doubly offensive today, trying to cover the incompetence of both officials in light of this latest calamity.
It’s so tiring. I mean, this is the reason we can’t have nice things here in the Philippines. The great unwashed and the equally morally corrupt upper class keep voting for these monsters because they have no regard for others.
I’m tired.
Ang hirap mo mahalin, Pilipinas! Kelan kaya kita maiiwan para maka-usad na ako sa buhay ko? Sana lumaki na lang ako na walang pakialam para hindi ganito kabigat ang dibdib ko araw-araw na nilulustay ka ng mga kawatan.