Wednesday, October 7, 2009

$11,928,479,995,981

I have debts, but not that big. Hehe US dollars pa.. If I'm having, a difficult time escaping or makapagbayad ng utang, paano pa kaya ang isang bansa na may ganun kalaki na utang.. Well, what country is that? The United States of America. The country which my dad wants me to stay, way before, pero ayoko nga. Hehe I watched. I.O.U.S.A. documentary tungkol sa fiscal situation ng US. Actually, nung pinanood ko, parang $10 trillion dollars lang ata. hehe

Let's face the fact that everybody in this quiet planet gusto tumira sa US. I am lucky to visit US way back 13 years ago. Kasi graduation gift ni Daddy, grabe school graduation. hehe 3 months of fond memories being in the US. Great living, kahit nakikitira lang sa kamag-anak, weird cousins and relatives, good food, big malls, everything is good there except values. Hehe Family values I mean.

Cut that short, and go forward to what we are discussing. Hehe I mean it looks like everything is ok in the US. Pero pag na check mo yun situation nila, lalo ngayon, anu ba pinag gagawa nila at parang magtatanim na sila ng kamote sa future to survive.. Hehe

You know I love watching trailers, so I was serious after watching this trailer. A strong country with a very high debt.. I don't know paano sila tinawag na richest country in the world when you have that astronomical high debt. If they are indeed rich then pay the debt now! Hehe

Para naman napakadali nun, well the documentary deeply explains that.. It's not like the funny docu of Michael Moore, since iba naman gumawa nito. Actually, pwede nga siya pa film showing, very GP. Hehe The documentary starts with a journey of a concord coalition, a NGO who has a mission to spread the word about US "cancerous" fiscal situation. The narrator, US cheif accountant, also with the team. Not only that, guest din siya sa radio stations, tv shows, so parang artista ang dating with a serious tone. Hehe Then he explains what are the causes of this, gigantic debt. Well, it's deficit lang pero what cause that deficit sa tagal ng US dito sa earth.

That dude explains, they are 4 main deficits affecting US. First, budget deficits which involves government earnings and spending. Inflation and fiscal policies as well. Second, savings deficit, how much does the gov't save after all things they need to do, especially contributions of social security and etc. Third, trade deficit, how much the country produces than imports goods. Lastly, the most important part, leadership deficit. The president has the power to make amends/actions for these deficits. Unfortunately, no US president solved this ongoing problem. They just swipe the US credit card. Hehe

The docu ended on how this will affect their future and some solutions of this fiscal cancer.. Yun lang. Hehe Pero what I like in the film is paano niya explain lahat kung bakit naging ganun na lang yun US. As you check may part na may history of US sa film, talagang pagtayo ng US, akalain mo may utang na agad, lalo na nung dalawang WW. World wars. Hilig kasi makisawsaw. Hehe Tapos may part na talagang eye opener, magugulat ka na lang kung sino sa mga bansa ang inutangan ng US. I won't be suprised if the US will become a province of China, Japan, or even Middle East. Hehe Malala pa, baka pati social security eh ibayad nila. hehe Ayos. That's your government.

Ah, yes an interview with Warren Buffett. Kahit sandali lang, talagang nakakabilib, siya na mismo nagadvice na umayos ang US, saka ano dapat gawin. Kala ko ba isasami ni Obama siya sa kabinet? Kahit Secretary of budget or sa Monetary Board man lang. Hehe Squanderville na kasi ang US. I like the parts where common people were interviewed, checking if they know about money..

Of course, there are flaws. Like I said, since di siya fun to watch kasi parang nasa college ka, lecture to. Medyo boring. Nung una ko nilagay sa zune ko to, nakatulog ako. Hehe Unlike super size me, religulous, or Michael Moore docu's, eto serious tone talaga. Parang "the corporation" docu. Which until now, di ko pa tapos. Mas masaya nga panoorin yun Enron: The Smartest guys in the room eh. hehe

Another thing is, yun solution part, sobrang vague. Dapat specify din nila kung ano ba dapat gawin ng US to fix this mess. Don't wait until their grandsons are the ones to pay this huge debt. Or even our country..

What I learned? Even di ako US citizen, eh dapat matuto na ko about money. Parang ginagawa ko naman ata ngayon. Hehe Di lang yun. Sana mapanood din eto ng gov't natin especially our DBM. They should think of plans ahead of time of avoid this catastrophe happening in our country. Alam ko lumalaki na din ang utang ng bansa natin, at alam ko nagbabayad na tayo, interest lang. That's a fact. We won't let that happen to our grandsons and daughters right? My first advice? Behead the corrupt officials. Hehe Reduce corruption first, it will be a good first step.

I know I have so many debts. In fact, they thought I'm running away. Nah, I'm here and waiting for an arrest. Hehe Wala lang talaga pa ko pambayad. Pero pag ako may pambayad na, humanda sila. Hehe Kakahiya na.. Well, that's why I'm always broke. However, my motivation is 1 day, all of these debts are gone.. Prayers and hard work. I hope it works. hehe

I don't know kay United States of America, kung kailan siya magbabayad. Yun ang makapal ang mukha. Mahiya naman kayo sa mga kababayan niyo. hehe The figure at the tile is brought you by http://www.usdebtclock.org/. Thanks!

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