How to Get Out of this Global Financial Meltdown – a suggested approach

January 18th, 2013 1 Comment   Posted in global financial meltdown

How to Get Out of this Global Financial Meltdown – a suggested approach

Oil Crisis, US Recession and Global Financial Meltdown

As early as 2007, signs of economic recession have been observed throughout the world.  By end December 2007, the international price of crude oil went past $100 per barrel.  Continued speculation in the world markets as well as increased demand pushed the price to its maximum of $147 per barrel by July 2008. More »

America needs a new economic model and inspiration from Pres. Obama

March 3rd, 2012 4 Comments   Posted in global financial meltdown

America needs a new economic model and inspiration from Pres. Obama

I hope Pres. Obama could inspire again America.

Early on, South Korea sent armies of workers in Asia, Middle East and Europe to work on massive infrastructure projects to earn foreign currency for their beloved country. Then they used the money to buy a second hand factory from Germany and transferred it to South Korea to start their manufacturing and heavy industries – now Korea is the leader in steel, shipbuilding and electronics, way ahead of Japan. More »

How the US could regain its lost economic power – follow Italy’s example

December 6th, 2011 No Comments   Posted in Uncategorized

How the US could regain its lost economic power – follow Italy’s example

The only way for America to regain its lost economic power is to follow Italy’s example : reduce public expenditure and raise taxes at the same time to reduce the deficit and ensure sustainable economic trajectory. More »

How the US could regain its lost economic power – getting out quickly from the market crash due to credit downgrade

September 22nd, 2011 No Comments   Posted in global financial meltdown

How the US could regain its lost economic power – getting out quickly from the market crash due to credit downgrade
 
The only way for America to regain its lost economic power are as follows:

1) Devalue the US dollar to make your exports competitive and imports expensive since under World Trade Organization (WTO) it is not allowed to impose quantitative restrictions.

2) US workers accept a 50% cut in salaries, wages and benefits since devaluating the currency is not enough to make US production of goods and services competitive. You need the combined effect of devaluation and salary cuts.

3) US to print only US dollar notes to purchase domestic US gold production and to convert foreign exchange earnings from its exports – the US dollar must be backed by gold and forex earnings so that it will not fuel inflation. More »

How to make US Pres. Barak Obama’s plan succeed in getting out of the Recession

September 10th, 2010 3 Comments   Posted in global financial meltdown

How to make US Pres. Barak Obama’s plan succeed in getting out of the Recession

A clear analysis of the root cause of the US recession that led to a global financial meltdown will help US Pres. Barak Obam in formulating an integrated plan that will bring back US consumer confidence leading to long-term rise in sustainable consumer spending and economic growth in the US economy and the rest of the world.

The US must use its stimulus funding wisely to create a new sustainable economic model based on activities that are energy efficient, renewable-energy based, low carbon foot-print, technology-based and climate change-sensitive that its impact on US consumers will be long-term confidence in the future in terms of flexible job security thru a good balance between domestic savings and consumer spending.

Oil Crisis, US Recession and Global Financial Meltdown

As early as 2007, signs of economic recession have been observed throughout the world.  By end December 2007, the international price of crude oil went past $100 per barrel.  Continued speculation in the world markets as well as increased demand pushed the price to its maximum of $147 per barrel by July 2008. More »

The Noynoy Aquino Presidency – Its Character and Overall Plan

July 3rd, 2010 6 Comments   Posted in energy technology expert

The Noynoy Aquino Presidency – Its Character and Overall Plan

(This report is in power point format.  It is supported by an excel file complete with energy data and government economic statistics. Printed copies of this discussion paper were sent to President-Elect Noynoy Aquino and Sec. Butch Abad about a month ago during the canvass of the presidential and national elections held last May 2010. It is my fervent wish that the problem identification, analysis, findings & conclusions, alternative solutions and recommendations will be looked into by the new cabinet and President Noynoy so that an intelligent discussion may be held in this proposed conference on Energy & Climate Change to be held at the ADB this end of July 2010 would be meaningful and an action plan would be drawn up by the participants for transmittal and endorsement to the new administration of President Noynoy Aquino.  A program schedule is being prepared together with the topics and suggested speakers. Interested speakers and participants may email me for an advanced copy of the proposed program. Cheers. Marcial Ocampo)

Expectations

  • •Your Presidency for the next 6 years is a new dawn and a great beginning in our country’s journey of change – seize the moment
  • •You need to understand the problems facing the country – climate change, energy and food security, and pricing
  • •You need to implement doable programs and lay down framework for continuity beyond your term – deliverables
  • •You need to present your action plans and implement them – with full transparency
  • •You will save the country from a “Greek Tragedy” – when you promote predictable revenues, reduce tax leakages and utilize resources efficiently (reduce corruption) to deliver your promises (food, education, health, security, infrastructure) More »

How President Obama will lead America and the world out of the global financial crisis

November 20th, 2009 1 Comment   Posted in global financial meltdown

How President Obama will lead America and the world out of the global financial crisis

I believe that once America finds its focus and reforms itself, it is also the missing link that will lead us out of the global financial crisis.

When I was a small boy in Musuan, Bukidnon, Island of Mindanao, Philippines, our small Musuan Agricultural College had an American priest Fr. Ahern and was host to 3 American Peace Corps volunteer couples who were experts in Agricultural Engineering.  This was during the years of my elementary education (1958-1964).  I learned my first words in English by playing with the children named Sandra Ford and Jimmy Brown, whose parents were Mr. & Mrs Ford and Mr. & Mrs. Brown.  I was then 3-5 years old and being a small kid with a sponge brain, I learned very quickly the proper American English by just playing with these playful kids.  Our small college was also regular recipient of American cheese courtesy of the People of the United States of Ameria – USAID.

America then was not an ugly word and I found the 3 American Peace Corps volunteers very helpful and nice to get along with.  My father then was Dr. Potenciano Tawatao, the only college physician, who at the dead of the night would deliver hundreds of babies among the various mothers in the small college community of Musuan.

I guess and its my wish that with the new President Barak Obama serving the American people and the peoples of the world, being an American brings both honor and joy to its citizens whenever they are away from US soil serving the world.  A great leader and its people serves and that is what it expected from each one of us – leaders of the new world.

Oil Crisis, US Recession and Global Financial Meltdown

As early as 2007, signs of economic recession have been observed throughout the world.  By end December 2007, the international price of crude oil went past $100 per barrel.  Continued speculation in the world markets as well as increased demand pushed the price to its maximum of $147 per barrel by July 2008.

From then on, it was a roller coaster ride and the price of crude oil dropped to $40-50 per barrel as off April 2009.  Oil currently sells at $80-85 per barrel as of November 2009.  US Banks and financial institutions began to request for US government bailout, some were allowed to fail, and the big US insurers and banks that were considered too big to fail were recipients of bailout funds from the outgoing Bush administration. More »