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Tuesday, April 21, 2009

rt @UBS Asian Economic Comment - Philippines: Remittances holding up

comment from Herman Laurel

UBS is one of the banks involved in the global financial scandal and collapse, and in the AIG mess as well. Oh, Philamlife too. Though this mail is about data only, even the data must be re-exammined. I have long declared that OFW remitaances have always been nderstated over the past two decades, the purpose being the manipulation of these figures and the macro-economic data upon which projections, debts, etc. are based and therefore planning of the Philippine economy is also mano\ipulated their way.



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