OFW: Maunlad ba ang pamumuhay nyo ngayon o nooong panahon ni Erap

[froshie1]

---------------------------------------------------------------------
I agree, humina talaga ang dollar. but i don't agree na hindi significant ang pinapadala ng mga ofw. how can you justify the amount of dollars they sent every year? (14 billion dollars if am correct at the present). How about the buying power of each family increased due to the money sent by their relatives abroad? If you remove the OFW in the equation, that would be a big loss to the Philippine economy. Consider that 1 out 10 household got a relative abroad. Imagine their contribution to the country's dollar reserve.

On the other hand, dahil mahina ang dollar, mas kokonti ang value na nakukuha ng OFW considering tumataas ang bilihin and they receive the same salary in dollars.

btw first things first, sinabi ko hindi ganun ka significant. ang ibig kong sabihin dito walang gaanong bearing, kakaunti.

You know why? BSP's dollar reserves are only $20 - 25 billion and ilan tayo 88 Million, ilan ang pinapadala ng OFW 14B kamo, ilan ulit ang reserves natin $20. Parang magkalapit lang sila diba? Significantly high no. Technically the Philippine peso is also weak, kung malakas ang pera natin baket maraming naghihirap. Baket ang kaunti lang ng mabibili ng peso mo kung malakas ito, kung titignan natin na ang mga raw materials na halos binibili natin eh greenback ang ginamit? Palabok lang ng gobyerno yan na dahil sa leadership ni GMA ay bumababa ang value ng dollar versus peso. Well, meron din siyang achievements yes pero ang point ko wag i-credit doon dahil hindi po talaga iyon ang dahilan - same as the influx of the OFW remitances.

The fall of the US$ is not because of the influx of OFW remitances, it's because of the ff: huge and growing trade and federal budget deficit, war in Iraq, dollar not pegged to a real currency such as gold kaya continuous iyong printing ng greenback, isama mo pa dyan iyong maraming utang ng mga taga US and I'm sure meron pang iba.

[sea.piper]

ke panahon pa ni magsaysay, panahon ni marcos, ni cory, ni erap at kung sino pang magiging presidente ng pilipinas, dapat ba nating ikumpara kung anong lebel ng kabuhayan meron tayo?

Dapat lang natin ikumpara para malaman natin kung ano ang naging problema at huwag nang gawin pa. Ang nangyayari kasi sa mga namumuno ngayon ay tinutularan pa ang nagawang kamalian at hinihigitan pa.

sa ganang akin, kahit sino pang nakaupong kawatan/presidente, basta ba ang aking karapatan magtrabaho/kumita/umasenso ay inde nayuyurakan ay ayos lang...

Sa ganang akin eh..wala ka rin palang pinagkaiba sa mga trapo na ang iniintindi lang ay ang sarili.

meron akong mga kakilala na nangangarap na sana gaya ng panahon ni marcos dahil tahimik, paano inde tahimik e lahat ng magsalita laban sa gobyerno e nawawala..
Yung mga nangangarap noon na sana eh panahon ni Marcos dahil tahimik..mayroon syang nakitang pagkakaiba sa ngayon. Ngayon ba eh walang namamatay na media...parang mas marami pa nga eh.

let's face it, what ever we are today and what we will be in the future will be our own doing...
Dito ka tama..makibaka para sa ikauunlad natin.

ito po ay sa ganang akin lang...

Salamat kaibigan..Cheers

[sea.piper]

btw first things first, sinabi ko hindi ganun ka significant. ang ibig kong sabihin dito walang gaanong bearing, kakaunti.

You know why? BSP's dollar reserves are only $20 - 25 billion and ilan tayo 88 Million, ilan ang pinapadala ng OFW 14B kamo, ilan ulit ang reserves natin $20. Parang magkalapit lang sila diba? Significantly high no. Technically the Philippine peso is also weak, kung malakas ang pera natin baket maraming naghihirap. Baket ang kaunti lang ng mabibili ng peso mo kung malakas ito, kung titignan natin na ang mga raw materials na halos binibili natin eh greenback ang ginamit? Palabok lang ng gobyerno yan na dahil sa leadership ni GMA ay bumababa ang value ng dollar versus peso. Well, meron din siyang achievements yes pero ang point ko wag i-credit doon dahil hindi po talaga iyon ang dahilan - same as the influx of the OFW remitances.

The fall of the US$ is not because of the influx of OFW remitances, it's because of the ff: huge and growing trade and federal budget deficit, war in Iraq, dollar not pegged to a real currency such as gold kaya continuous iyong printing ng greenback, isama mo pa dyan iyong maraming utang ng mga taga US and I'm sure meron pang iba.

*vindiesel. Tama po kayo.

*froshie1: Sabi mo dito "You know why? BSP's dollar reserves are only $20 - 25 billion and ilan tayo 88 Million, ilan ang pinapadala ng OFW 14B kamo, ilan ulit ang reserves natin $20. Parang magkalapit lang sila diba? Significant high no."

Tapos sasabihin mong "The fall of the US$ is not beca8use of the influx of OFW remitances"
Sige nga alisin mo nga ang remittance nang OFW's na 14B na dollars. Ano kaya ang mangyayari sa Pilipinas..baka magka wendang wendang tayo.

Ikaw lang naman ang nagsasabi nito eh..Presidente nga at mga politicians eh inaamin na malaki ang tulung nang OFW's dollar remittance eh.

[sea.piper]

a bit concerned about other ofws? why dont you just let them think for themselves.. if their income is not enough due to this continuing dollar slide, maybe they should rethink their strategy in life...

i'm an ofw, i should know what is good for me so please stop patronizing with your " I am just a little bit concerned with other OFW'S who earn below 500 dollars a month, with all the sacrifices that they are undertaking and to give a decent living for their families."

and please stop all these "nakakaawa naman ang mga ofw kasi bagsak ang dolyar"...selfpity will get you nowhere...if you think you need to do something then do something about it...

Ayaw mo man lang bang tumulong sa kapwa mo OFW..kahit sa ganitong paraan man lang. Power of Writing.

OFW ka din pala eh. tumulong ka na lang. Balang araw ikaw din ang matutulungan nang kapwa mo OFW. Ito na nga eh..kahit dito man lang eh makatulong tayo sa kapwa natin OFW. Freedom of Speech ba. Para makarating sa kina uukulan.

Selfpity pare koy..kung selfpity ang pinaiiral ko..wala ako ngayon sa kinalalagyan ko.

[freefries]

Kami din minsang mag-asawa iniisip namin yung ibang OFW na less $500 ang kinkita, meron pa ngang $250 lang...paano kaya sila nakaka cope up with it?

Pero ika nga, malaki income malaki gastos, maliit income maliit ang gastos...i don't know pero parang totoo to..

Di naman masama isipin ang iba kung di naman nakakabigat sa yo..kung ayaw mo eh di hwag...

*sea.piper..+1 ako sa yo..

[wrcastro_ph]

pag OFW ay dapat tipid mode muna habang mababa ang dolyar. Madami din naman akong nakaka usap na OFW pero di naman nila masyadong iniinda yung pag baba ng dollar.

Pero syempre ibang usapan yung mga below 500 usd earner.

.... back to topic, mas maganda ang kalagayan ng OFW nung panahon ni erap dahil sa mataas ang dolyar at mura ang gasolina.

[Galactus]

btw first things first, sinabi ko hindi ganun ka significant. ang ibig kong sabihin dito walang gaanong bearing, kakaunti.

You know why? BSP's dollar reserves are only $20 - 25 billion and ilan tayo 88 Million, ilan ang pinapadala ng OFW 14B kamo, ilan ulit ang reserves natin $20. Parang magkalapit lang sila diba? Significantly high no. Technically the Philippine peso is also weak, kung malakas ang pera natin baket maraming naghihirap. Baket ang kaunti lang ng mabibili ng peso mo kung malakas ito, kung titignan natin na ang mga raw materials na halos binibili natin eh greenback ang ginamit? Palabok lang ng gobyerno yan na dahil sa leadership ni GMA ay bumababa ang value ng dollar versus peso. Well, meron din siyang achievements yes pero ang point ko wag i-credit doon dahil hindi po talaga iyon ang dahilan - same as the influx of the OFW remitances.

The fall of the US$ is not because of the influx of OFW remitances, it's because of the ff: huge and growing trade and federal budget deficit, war in Iraq, dollar not pegged to a real currency such as gold kaya continuous iyong printing ng greenback, isama mo pa dyan iyong maraming utang ng mga taga US and I'm sure meron pang iba.

I'm not an economist by training, but I work in a financing institution, so we monitor the forex rate and other economic indicators on a regular basis. I've been in the financial field long enough to make an assessment on the matter.

First of all, stating that the US$ 14B OFW remittances is not that significant or has little bearing is sheer ignorance. Any fiscal planner knows its importance. You take away all those billions from the equation, saan kukuha ang importers ng pambayad? How can the NG pay off its loans? Pati na rin yung ibang private corporations na may dollar-denominated loans or bond flotations?

The traditional ways a country earns foreign currency are through multi-lateral or bilateral sovereign loans, Special Drawing Rights (from the IMF), export earnings, FCDU deposits and remittances. Malaking bagay yun pag wala ang 14B.

[Chip]

This is what I love about the Philippines, the president gets blamed for everything :D:D

[VtEC]

a bit concerned about other ofws? why dont you just let them think for themselves.. if their income is not enough due to this continuing dollar slide, maybe they should rethink their strategy in life...

i'm an ofw, i should know what is good for me so please stop patronizing with your " I am just a little bit concerned with other OFW'S who earn below 500 dollars a month, with all the sacrifices that they are undertaking and to give a decent living for their families."

and please stop all these "nakakaawa naman ang mga ofw kasi bagsak ang dolyar"...selfpity will get you nowhere...if you think you need to do something then do something about it...

kaya nga nasa abroad na sila bro dahil ginawa na nila ang dapat.dahil kung nasa pinas padin sila baka mas worst pa kalagayan nila ngayon.

[froshie1]

I'm not an economist by training, but I work in a financing institution, so we monitor the forex rate and other economic indicators on a regular basis. I've been in the financial field long enough to make an assessment on the matter.

First of all, stating that the US$ 14B OFW remittances is not that significant or has little bearing is sheer ignorance. Any fiscal planner knows its importance. You take away all those billions from the equation, saan kukuha ang importers ng pambayad? How can the NG pay off its loans? Pati na rin yung ibang private corporations na may dollar-denominated loans or bond flotations?

The traditional ways a country earns foreign currency are through multi-lateral or bilateral sovereign loans, Special Drawing Rights (from the IMF), export earnings, FCDU deposits and remittances. Malaking bagay yun pag wala ang 14B.

Fully believing the PI govt version about the strength of the peso is total ignorance. I'm not saying to take away the US$14B OFW remittances. What I'm trying to point out is we shouldn't be happy and go merry that our peso is strong because in reality it is not (nadadamay lang tayo because a bulk of it are factors beyond our control) mas shakey pa po ito sa US$.

Ang totoong reason kung baket tumataas ang pera natin sa dolyar ay dahil sa sinulat ko sa itaas. Kaya tayo na dadamay dahil una ang reserves natin ay dollar denominated based, may relations tayo sa US. Other than that little significance na iyon. Yeah GMA has her own achievements, the OFW peeps has their share but the bulk of the reason why the peso is appreciating is not enough to say that it is heavily significant.

Know the real deal so you could decide well on how you're going to spend your hard earned money - whether it's US$ or Php. Believing entirely on the govt is a dangerous move. Believing is ok pero kung iyong tao na naniniwala ay gumagastos from left to right kasi assured sya na gumaganda ang buhay in general sa Pinas dahil 1.) alam nya isang damakmak ang OFW na nagpapadala kuno ng dollars at sapat na ito 2.) ang govt eh kayod ng kayod para mapataas ang value ng pera ng Pilipinas, well that spells disaster.

Ang nangyayari sa labas ng bansa natin ang real deal.

1.) Kung patuloy na icut ng feds ang interest rates babagsak lalo ang pera ng US. May kinalaman ba ito sa OFW $ influx wala. Mas malaki sila kaysa sa pinagsamang OFWs.

2.) War in IRAQ - kahit lahat pa ng Pilipino maging OFW iyong gastos sa IRAQ ay hindi malamang matutumbasan maski magpadala pa tayo ng dolyar sa bansa natin.

3.) Labis na pagpiprint ng greenback - mapipigilan ba ng OFW iyon? Lots of dollars circulating everywhere ano ang effect?

4.) Trade and federal deficit