The Economic Ignorance of Supporting Excessive FDI Restrictions While Overspending on IMPORTED Luxury Items

Asteria Lending

The long weekend is over and it's back to work and school, right? I was reminded of a conversation I had during the 2016 elections. An issue I rose was specifically was that "Regardless of who wins, the candidate must work hard towards the removal of economic restrictions." I received one stupid answer that made my jaw drop, "Why will you let them invest in here? Only FDIs will get rich!" So says the person with very expensive taste. The person has a taste for imported luxury items. He goes out with people with expensive tastes.

I was reading about the news of how Apple would have a factory in Communist Vietnam. It's really ironic how some people I know who are anti-FDIs are using Apple luxury products. I even remembered one person I argued with (and trolled to expose his inconsistency) that he hates FDI while using an iPhone. I'm not too surprised to learn of some members of the CPP-NPA who are using MacPRO laptops. There are also people who are very much anti-FDI and are using imported devices, imported platforms, etc. in their rants (read here). I wouldn't be surprised if "thought leaders" like Bayan Muna, Kabataan Partylist, the League of Filipino Students, Migrante International, etc. have been using luxury products to spread their propaganda. Wait, aren't they supposed to be holding nationalistic views in favor of protectionism? That's why I think using social media (read the irony here) and blogging platforms to promote Pinoy Pride Economics is self-contradictory

I wouldn't be surprised if I'd catch these anti-FDI people shopping for imported luxury items. It might be the release of a brand-new iPhone or a new luxury bag. What happened to the call for Pinoy Pride economics? What happened to the call to support Filipino First? What happened to the teacher saying that so and so only buys local products as a character to develop? I could imagine if these same people who were saying, "Buy Pinoy! Support the economy! Down with America!" (in American-made social media) were ironically using an iPhone. Then they might say that they were only "forced to participate" in it? Was Apple (or any luxury brand company) forcing them to buy their products?!

This is why I can say it's frustrating to discuss economics with an overspender (read here). After all, budgeting money is also part of economics. If you studied basic middle school and high school economics, you may run into the truth that learning to save one's money is part of economics. You need to save more than you spend. For an overspender, the word budget hardly fits into their vocabulary. Why go abroad on an expensive trip if you've got heavy expenses? Why splurge the paycheck you just got when you've got other expenses? I guess for extravagant people, economics is a stranger to them. The word "economize" hardly exists in the vocabulary of extravagant people.

Pinoy Pride Economics Helps in Drug Mule Recruitment

Al Jazeera Who can remember the execution of three drug mules in China on March 30, 2011 ? These were three separate cases where the three convicts were Sally Villanueva , Ramon Credo (who was cremated before his remains were brought home, and Elizabeth Batain (whose face was never shown). Sally had an episode in the GMA-7 TV show Magpakailanman, where her husband was personally interviewed by Mel Tiangco. We never got Sally on the big screen. The husband's side of the story said that his wife was guilty of a frame-up, while Mel herself said, "If the offer is too good to be true, don't take it, or you could end up in the same pickle." Take note that I'm just paraphrasing Mel's words, not saying the words she said. Reviewing the three drug mules who got arrested, based only on what's available for public viewing on the Internet If we read through the circumstances , this is how they were arrested, proving they weren't a trio: China has brushed aside...

It's More Fun In The Philippines Thanks to the Filipino First Policy

I guess it can be called a day, right? This April 1, 2023 , I'm finally calling it quits with fighting for economic liberalization! Yes, that's right! All the advocacy for economic liberalization is just garbage. Why did I even spend so much time writing this blog only to find out that I've been duped? I hereby renounce everything I wrote here. I finally saw how brilliant the Filipino First Policy is. Man, what have I done? How much damage have I caused in advocating for economic liberalization? The greatest president we ever had was... High School Philippine History Movement It's time to listen to the economic genius known as the late Carlos P. Garcia. Yes, he has to be one of the greatest presidents that ever existed. I took this note from the Bohol Provincial Library and found this about CPG's Filipino First Policy ; CPG adopted the “Filipino First” Policy to promote greater Filipino participation in business, and to put the Filipinos in control of the economy...

New Study Confirms Oil Degulation Law is Bad, Oil Nationalization is Better

Yes, you found that right. Did you know that the Filipino First Policy caused the Philippines to succeed and Carlos P. Garcia was the best president ever? Today, because of the Iranian War crisis, we need to talk about a new important discovery. What I realized is that the oil deregulation policy is bad . Do you want the oil prices to fall under control? Then read this new blog to find out. A new audit was revealed in the world's greatest economic forum. The Trust Me Bro School of Economics invited the trustworthy IBON Foundation to speak at Intrigador Financials . I was so wrong not to notice the genius behind the likes of Makabayan Bloc. What have I done compared to the youths of Kabataan Partylist ? I even discovered that the IBON Foundation is the most credible economic think tank . As I realized that Filipinos should only listen to Filipino economists , I have found that there are literally tons of studies from the famous Trust Me Br...

Yes, the Philippines Can Self-Industrialize Because Filipinos Are the Most Powerful Race in the World (NO JOKE)

Yes, you got that right! This meme is a fact that Filipinos are the most powerful race in the world. That has been proven by the Trust Me Bro Factcheckers of the Philippines. It's the case of Filipino Exceptionalism. One can read on Facebook something like, "How many times do I have to tell you that the Philippines isn't Vietnam/Singapore/China/Taiwan/Japan, etc.?" Ever read that? If you haven't then you must be exceptionally stupid. That's why the Philippines should never learn from other countries, especially from Singapore. Why are you always listening to foreigners? Why listen to the advice of a stinky Indian when you can have the advice of the best constitutionalist in the world, Atty. Hilario G. Davide Jr.? You say that nations of the world go to Kishore Mabhubani in Singapore instead. Forget them because the Philippines is so unique that it can do everything on its own. It was proven by the greatest president that the Philippines always had, namely Carl...

The Filipino First Policy Caused the Philippines to Succeed!

High School Philippine History Movement Yes, you read it right! I found a hidden gem that I should've read years ago! It's the book Nationalist Economics by the late Alejandro Lichauco, who is part of the magnificent IBON Foundation. It's a shame I refused to read it. I should've read Lichauco's book instead of the late Lee Kuan Yew's book From Third World to First . What a shame that I didn't look into the details that LKY was a dictator, that Flor Contemplacion was indeed innocent, and that Singapore is a state comparable to Nazi Germany. As I bought my copy of Nationalist Economics from the Trust Me Bro School of Economics--I'm now convinced that the Filipino First Policy caused us to succeed! LKY ruled Singapore for 31 years, meaning it's a frightening thing indeed! Six years is the magic number ot establish a benevolent rule! Who should we all listen to? Should we listen to foreigners or should we listen to our fellow Filipino? We must think st...

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