Banking in PH Part II: Raves for BSP transparency & a look at individual banks

Posted by JoeAm on December 15, 2015 · 195 Comments 

This article has three basic parts: (1) praise for BSP transparency, (2) review of Part 1, and (2) scan of individual banks. Praise for BSP transparency One of the thing that astounds me is how ignorant I am about what is going on within Philippine government. I draw conclusions easily within this ignorance, and I … Continue reading →

Category Economy, Philippine Government, Technology/Internet

China’s stealth invasion of the Philippines

Posted by JoeAm on December 3, 2015 · 212 Comments 

China is the muscular underachiever out to prove a point, behavior we would normally associate with a teen-ager, but China has been around awhile. Indeed, China displays symptoms of emotional duress born of centuries of playing second fiddle to smaller, stronger nations. Her leaders portray racial difference as racial superiority in order to get even, to compensate, … Continue reading →

Category China, Citizenship/Patriotism, Economy, Foreign Affairs and Defense, USA/Americans

Greed in America, Joy in the Philippines

Posted by JoeAm on November 26, 2015 · 140 Comments 

What is the energy that drives capitalism? I’ve called it greed in the past because I don’t know a better emotional word, one that is directed toward aggressively acquiring something, one packed with energy. It is a drive for material gain, an obsession, really, of executives and employees working hard and smart to compete and earn more … Continue reading →

Category Citizenship/Patriotism, Economy, Philippine Government

The American US$18 trillion debt – a Rube Goldberg machine

Posted by chemrock on November 19, 2015 · 466 Comments 

This article is in response to many who have asked in this Society blog, as well as in Filipino internet chatter, why is the Pnoy administration taking on foreign loans instead of in local currency which the govt can repay simply by printing peso because it has the ability to print since it has monetary … Continue reading →

Category Economy, USA/Americans

Banking in the Philippines, Part I: The fundamentals

Posted by JoeAm on November 16, 2015 · 215 Comments 

A nation’s banking system is fundamental to a healthy and properly functioning economy. Banks are the middlemen among suppliers and users of funds, and when they go broke, there’s hell to pay. We should understand the Philippine banking system, how it works, and what its strengths and weaknesses are. This will be a series of … Continue reading →

Category Economy, Philippine Government