Business Discipline Meets Historical Records. An MBA’s Review of Policy and Facts.
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Would You Want a MARITES in Management and Economics?
Above is a meme I found on Facebook a few days ago. I thought I'd not be writing anything for now. Instead, I was thinking of giving a "sequel" to my Intrigador Financials joke post (read here). I feel the abundance of social media gossipers has given me the motivation to write another joke post. This time, it's the MARITES which means Master in Arts in Relaying Information Through Exaggerated Storytelling. We can all forget about getting a master's degree in economics. Instead, we can pretend that Intrigador Financials has now opened a financial literacy academy. We can start a new school of management with Intrigador Financials. Instead of a Master in Business Administration (MBA) or a Masters of Arts in Economics (MA Econ)--we can imagine having a MARITES graduate school program from none other than Intrigador Financials.
I was thinking about how Intrigador Financials' MARITES program will try to develop financial literacy. Chances are their preferred mode of payment will be cryptocurrency, preferably through Bitcoin and Binance. The MARITES program will promote the following promises if you join them:
Learn how to gamble your way to success.
Learn how to manipulate cryptocurrency and become an overnight billionaire.
Learn how to time the stock market by determining when to panic and sell your bulk-bought bull market stocks.
Learn how to do day-to-day trading and earn money fast through the stock market.
Learn how to reason out why heads of government are always to blame for inflation.
Learn how to enforce cash dole-outs and learn to reason why a PHP 10,000.00 rollout isn't inflationary.
Learn why foreign direct investment (FDI) is bad and why the Philippines should remain in a protectionist economy.
Learn how to effectively market products by Intrigador Financials.
Learn how to play Axie Infinity at beat the other players.
In the end, you can expect to have billions of pesos when you get your MARITES.
What's the course starter kit? Well, above is Charlie Munger beating down fake financial gurus. Yet, you'll probably end up having courses that are written by the missing Ruja Ignatova, the late Gerald Cotten, Tai Lopez (and his garage), and many more. I could imagine Intrigador Financials might even endorse the writings of the late Bernard Madoff and Charles Ponzi (who died decades ago). There are so many fake financial gurus that I don't think I can memorize all their names, except for those who get overly notorious.
Chances are, I think this group (if it exists) will also align with the economist "think tank" IBON Foundation (read more here). I could imagine if we had Sonny Africa (who I refuse to take seriously) or maybe we could have Binance and Mavis Sky as part of the financial program. Maybe Mavis Sky can keep promoting Axie Infinity as a life-changing game. They will try to say that any scheme against them is nothing more than one done by jealous people.
If this program exists, I could imagine people will be buying cryptocurrency instead. For one, it's a lot more logical to buy devalued stocks either through DIY portfolio or through an index fund. One could consider keeping their AXA Chinese Tycoon Fund going or buying more from any feasible index fund. ATRAM has some good index funds. BPI has a good Philippine stock index fund. Metrobank has some good index funds. These stock funds can be useful in taking advantage of the dip. Though, I think Intrigador Financials will prefer cryptocurrency to hide their schemes. Just think about it how cryptocurrency has been used for criminal operations. I'd probably prefer cryptocurrency if I were a crook. It's going to be much harder to trace me that way.
If this financial training program exists--I can imagine it should be either a pyramid scam, a Ponzi scam, or maybe even a combination of both. Getting a MARITES may easily get the first few easy gains. However, Intrigador Financials will soon rob X to pay Y who joins their MARITES program. For me, no thanks. I had my experiences in being scammed. Joining any too good to be true financial guru programs is definitely not in my agenda.
International State College of the Philippines Today is Flor Contempacion Day , and rallies are expected. However, whether it's Flor's death anniversary or not, rallies are expected for the wrongest of reasons. I would like to address this photo from the International State College of the Philippines' Facebook page. The demands here are rather clunky and stupid. We have the following demands that would naturally clash with each other, such as: No to the oil deregulation law while demanding lower oil prices. This is simply ignoring the basic fundamentals of economics, namely the law of supply and demand . They say that oil companies are greedy for gain. These rallyists probably don't really understand the difference between revenues and profits . Let's understand the Oil Deregulation Law The Oil Deregulation Law, or the Republic Act No. 8479 , passed on February 10, 1998, under the late Fidel Valdez Ramos. Here's how the liberalization works: CHAPTER II LIBERAL...
Inquirer Gasoline prices have increased again, haven't they? A few days ago, I wrote why #SahodItaasPresyoIbaba's view of gas prices is questionable . Today, I feel like writing this after several complaints on Facebook. I would like to create a follow-up post. People are complaining too much without understanding the real reason why some countries have lower prices of gasoline. Real talk. We need to talk about economic policies, and of course, please do a study on supply-demand analysis on supply chain management . Let's examine the complaints made by Bulatlat Bulatlat Here's a chart from Bulatlat that compares the increase in prices of gasoline between the Philippines, Thailand, and Malaysia. It's always problematic when people ignore simple economics. It's funny, but Bulatlat mentions this on their website: Note also how expensive our diesel and gasoline products are compared to those of our ASEAN neighbors. The estimated common price today of diesel in...
I must confess that I find this new rather hilarious . It's because the word shabu is often associated with drugs. All the while, shabu shabu is a Korean delicacy! Well, I'm going to say that Jollibee Foods Corporation has now become a multinational buyer . Jollibee acquired 70% of Compost Coffee back in 2024 . This year, Jollibee as a multinational corporation is now acquiring Shabu All Day for PHP 5.1 billion pesos. Is Jollibee checkmating South Korea or is the Philippines conquering South Korea not just by OFWs but als through Jollibee? The answer is still no. From GMA News , we can read this article by Jon Viktor D. Cabuenas: Under the deal, Shabu All Day will be consolidated into Jollibee Foods Corp.’s (JFC) financial statements immediately upon completion of the acquisition for a total consideration equivalent to KRW127 billion. Completion of the transaction is subject to closing and financing conditions. The acquisition is expected to lead to a 2% jump in revenues, incre...
Millennials' Voice I would like to clarify first and foremost that this post isn't an attempt to say that the late Benigno Simeon C. Aquino III's legacy was all bad. Some good things happened. However, let me be clear that it's stupid to say, " We don't need economic cha-cha because of the late Noynoy. " However, let me clear that I decided to write this because of a Facebook post called Millennials' Voice , which wrote this: Did you know that during President Noynoy Aquino's time, the price of oil in the world market was high, between $100 and $110 per barrel. But even with those high prices, gasoline and diesel at local pumps in the country were still relatively affordable. Under President Duterte, world oil prices went up and down, from a low of $41 to a high of $101 per barrel. The big jump to $101 in 2022 happened because of the war between Russia and Ukraine. Now, under the current president, world oil prices have gone up again to around $...
Unsurprisingly, The Flor Contemplacion Story was uploaded a month ago. I wrote that there's a possible political motive behind the film getting uploaded on YouTube . That's why I even wrote a review against the film after I rewatched it in HD . It's no surprise that Migrante International is inducing its own migraines. The evidence against Flor was already overwhelming, as presented by the Singaporean court . Do these people act as if there was no injustice in the Philippines? What about how the Vizconde Massacre was handled where, until now, the real perpetrators have not been found? Two years after Flor's execution, the Chiong Sisters case arrested the wrong people, and a doubtful Supreme Court of the Philippines' decision was released. Yes, a murder happened in all three cases. Singapore convicted the real killer of the slayings of Delia Maga and Nicholas Huang. Meanwhile, the Philippines had wrongly convicted Hubert Jeffry P. Webb (whose 15 years were wasted) ...
