Business Discipline Meets Historical Records. An MBA’s Review of Policy and Facts.
Would You Want a MARITES in Management and Economics?
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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.
Daily Tribune Just looking at this picture of Atty. Renee M. Co of Kabataan Partylist using a MacBook makes me laugh. Honestly? I thought about how I'm often berated that, "What have you done compared to Kabataan Partylist?" I remembered writing an article about the irony of using imported equipment to type information against FDI . Honestly, it gets super funny . After all, Kabataan Partylist is part of the Makabayan Bloc . Groups like Alliance of Concerned Teachers, Bayan Muna, Gabriela, and League of Filipino Students all fall under the Makabayan Bloc . Their stance has still been a stone-age understanding of what FDI is all about. The possibility that Kabataan Partylist members have been telling people that a wage increase, not FDI, is key to long-term growth, using a MacBook, is there In fact, one of the craziest things that Kabataan Partylist said (and probably still stands by) is this idea. They believe that wage hike is what's needed, not more FDI. Do they ...
Some time ago, I wrote a blog entry where I explained that many Filipinos misunderstand what FDI means . Right now, it's time to answer another misconception. It's the misconception that 100% FDI ownership (often just called 100% FDI, which I believe can be a misleading term) means that Filipino businesses will be put out of business . I was thinking about the concept because it's highly misleading . For one, we're talking about share ownership, not a foreign takeover This comment I read on Facebook is epic levels of foolishness . I decided to translate it into English and avoid naming the person: Do all types of businesses have to be 100% foreign-owned? Even selling *banana cue*? Are eateries, market stalls, barber shops, vape shops, *sari-sari* stores, locksmiths, welding shops, photocopy and printing shops, etc., all going to be 100% foreign-owned? The question asked by someone I'll just label as Pirate Flag here is downright stupid! It's now time to reall...
China Mike Today is Sergio Osmeña Day, but it is also Mao Zedong's death anniversary. Mao made his most important contribution to history--he finally died . However, Mao's ideas still live on, and he was a propagator of several foolish ideas. The man had military knowledge but may have lacked fundamental economic knowledge. August may be over, meaning Buwan ng Wika (Month of the Language) is over, but Pinoy Pride Economics, aka Filipino First Policy, knows no season . In fact, I want to talk about one of Mao Zedong's incredibly stupid ideas, namely the Great Leap Forward. As I was navigating Facebook, it's easy to see some people (some are probably stubborn boomers ) who still believe that the Philippines must "self-industrialize" through ideas like this on Facebook , of all places: Instead na umasa sa foreign investments bakit di gumawa ng sariling trabaho na atin (Instead of relying on foreign investment, why don't we make our own jobs)? Let's start...
