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Message 5370
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| Subject: | [socialcredit] FOOD CRISIS AND MONEY CRISIS BY ERIC V. ENCINA | | Date: | Sunday, April 20, 2008 19:21:37 (-0700) | | From: | Eric Encina <ericencina @.....com>
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FOOD CRISIS AND MONEY CRISIS
By Eric V. Encina Food
Crisis and Financial- Economic Crisis in the Philippines and in the whole world
is very challening and tough issue this 2008. This can also be an exciting issue
for the Social Crediters and monetary reformers, and for those working for
monetary economic justice.
According to the news, THE PHILIPPINE STAR NEWSPAPER, April 20, 2008, from
the Star Washington Bureau reports that USA Rice Federation finds it difficult
for the overseas rice suppliers to meet the rice demands of the Philippines as
there is strong demands for rice overseas as well as its tight availability.
USA must also be prepared for any possible rice or food crisis in their
country where in fact it is also susceptible to worsening financial
crisis as there are signs of economic slowdown and since oil hits record high of $117
per barrel. Other countries must also be prepared. IS THERE A POSSIBLE WORLDWIDE
FOOD CRISIS? According to Jim Guinn, vice president of the
International Promotion of USA Rice, "the situation is not likely to improve
until late July or August
when the new harvest season starts." However he assured that the USA Rice
Federation, an organization of rice producers, millers and merchants, can meet
the rice demands of the Philippines. "We will try to do evedrything we can to
help the Philippines', Guinn said. It has been also reported that
US Rice exports in 2008 have soared by more than 20% over that last year, helped
by strong and overseas demand for the staple. US CREDIT GUARANTEE OR
ANOTHER DEBT SCHEME arising from RICE or Food CRISIS: THE FINANCIERS IN ACTION
TO MAKE MORE MONEY. Jim Guinn said that the group is prepared to
support more credit guarantees for the Philippines from the USDA's or US
Department of Agriculture's GSM programme. This programme promotes the sales
of US farm goods (GMO) to DEVELOPING COUNTRIES BY ASSURING LENDERS (bankers)
they will get paid even if a BORROWER defaults payment. This is another problem
after problem. There is already a rice or food crisis in fact as a result of
debt-based financial system that causes lifetime money crisis, and now there
would be another contract of debts! THAT MEANS, PHILIPPINES HAS ALREADY BORROWED
money, reportedly, $75 MILLION FROM THE US LENDERS OR BANKERS (that only create
money out of nothing) AS SO-CALLED GSM CREDIT GUARANTEE this 2008 TO BUY RICE
although the funds cannot be made available under the program since the US FARM
law is set to expire. But those involved are doing everything possible to make
this facilitated to buy rice from loan capital. THE
QUESTION: WHY TO
LOAN TO PHILIPPINES WHEN IT IS NOT AVAILABLE TO BE USED FOR THAT PURPOSE? To
get Philippines in another debt without any purpose but but to get the country
in the dungeron of debt is indeed a folly. THE BANKERS ARE
OPPORTUNISTIC IN TIMES OF CRISIS TO MAKE MORE MONEY.
Certainly, bankers can make more money and profits out of food or rice
crisis. THE BANKERS DO NOT OFFER DEBT FREE MONEY TO HELP THE FARMERS FOR
FOOD PRODUCTION OR IMPROVE FARMING. They lend only to those who are qualified to
pay at interest, no matter what would be result or yields of the project or
enterprise.
It has been also reported that US rice exporters believe that there might be
an easing of the worldwide shortage of rice by the end of 2008 but prices are
also expected to increase further. THIS IS ANOTHER PROBLEM. Most poor families
can hardly afford to buy good quality rice for their needs. FILIPINO FAMILIES
CANNOT AFFORD TO BUY IMPORTED RICE. That's why there are poor families here by
the hundreds of thousands or millions all over the country LINING UP IN QUEU to
buying the NFA rice--the cheapest and the lowest quality rice for these families
to have rice to eat at least twice or once a day. I HAVE ANOTHER
SUGGESTION: INCREASE THE CIRCULATION OF MONEY BY THE
DISTRIBUTION OF EXTRA BASIC INCOME OR SUPPLEMENTARY BASIC INCOME TO EVERY POOR
FILIPINO FAMILY so that they can buy good
quality rice or even imported rice. ONCE AGAIN, REPEATEDLY, THE VERY ROOT-CAUSE
OF THE PROBLEM IS THE ACUTE SHORTAGE OF MONEY, losing its value and the
increasing prices of basic needs, commodities and services. MONEY CRISIS leads to
food crisis. THIS IS THE GRAVE EFFECT OF DEBT MONEY SYSTEM
operation in the country and in the world. Some analysts are
saying that the WEAKNESS of the US$dollar has somewhat offset long distance
shipping costs but pointed out that some countries like INDIA, for instance,
which is closer to the Philippines, charges exorbitant US$1,000 per metric ton of
BASMATI RICE, which is
more costly indeed than US rice. I NEED ANALYTICAL COMMENTS
about this crazy statement. WHY DO WE NEED TO DEVALUATE THE US$ just for the sake
of exporting products to other countries. THE US FEDERAL RESERVE SYSTEM is
responsible for this. It means the US dollar depreciation is
believed to be helpful to offset the exports of US rice oveseas. How could it be?
The financial system is playing a game by demonstrating that there is actually
negative and positive effects of currency devaluation. But still the country and
the people are in debt. THE SOCIAL CREDIT MONETARY REFORM
PROPOSAL is that: THE
GOVERNMENT MUST FACILITATE FOR DEBT FREE MONEY CREATION by the facilities of
the CENTRAL BANK either by legislation to do so or even without it,
particularly, in times of expediency or emergency that PRESIDENT can do this
through EMERGENCY PRESIDENTIAL POWER, if possible back up by the people, to
finance the agricultural or farm development or enhance food production and
security without incurring any debts. BORROWING MONEY at interest FROM THE
COMMERCIAL, PRIVATE, FOREIGN AND INTERNATIONAL BANKS for agricultural, farming
development or food production only and usually for the benefits and profits
of the multinational chemical corporations, is therefore another
catastrophe, another vicious cycles of debt which at the end, it is the bankers
who are the winner, the farmers remain the poor and the inhabitants hungry.
The neglect of agriculture and farming development in the
Philippines that results to present food crisis that has added to tremendous
financial crisis without end because there is no funding for development, is
therefore also inexcusable. The debt free money creation is
the only solution. Some say the solution to food crisis is artificial population
control programme or some are radical to promote abortion of unborn children or
even some are thinking infanticide or genocide. THE TRUTH
IS: there is food crisis or even production crisis in the Philippines and in the
world because of debt-based money crisis. I
welcome comments. Eric V.
Encina Filipino Social Crediter/ Monetary Reformer Filipino
Alternative Solutions For Sustainable Survival Movement c/o Lito Alhambra
Old House, Homesite, Km2, Brgy. Lawa-an. PO Box 8, 5800 Roxas City, Capiz,
Philippines
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