California-based Pinoy accountant debunks myth China loans to finance “Build, build, build” program is a debt trap

After getting the bulk of foreign loans from China, Duterte’s critics have been sounding the alarm bell saying that the Duterte is leading the country to a debt trap.

California-based blogger Edwin Jamora and accountant took to Facebook to debunk all the lies Duterte’s critics have been peddling on social media.

Jamora’s Facebook post read:

My post today is to debunk the claims by the Yellows err Whites err nagmumukha tuloy akong racist sa mga buraykaninanyang mga Dilawan na to who cannot make up their minds kung anong colorifics nang mga to! Tse!

Anyway, sometime ago, ang drama nang mga Yellows eh kesyo ang mga utang daw sa China is a debt trap. Pwes! I don’t think so! Imfak, andito sa NEDA website. Babasahin lang nang mga mawport brained humans na competitive naman pala ang mga Chinese loans! Aba kung i-compare nyo sa Korea, mas mahal pa kaya ang ini-o-offer nang Korea!

You can check this link!

http://www.neda.gov.ph/2017/07/17/2017-oda-terms-and-conditions-bilateral-loans-2nd-quarter/

Makikita nyo na the interest rates and management fees na ini-offer nang China eh mababa!

The other thing is this, dun sa mga negative comments na kesyo bumagsak ang government spending, aba! ung mga hindi marunong magbasa can be assisted by these worksheets here. Eh sa iilan lang naman pala ang mga projects na nag-start nitong 2017! Some of them will start 2018!

Yong mga nag-ki-claim na these Chinese loans ay babayaran nang isla, puta naman! Mga buraynina nyo kayo! Tigilan nyo ang Reyna! If you cannot explain debt and equity to me, kakapunin ko kayo!

Can you imagine the economic activity that these projects will generate? Sabi nga nang friend kong si Alrey Daluyaya:

“If countries are willing to lend money with low rates then as long it leads to growth opportunities. Maganda yun. Esp if the diplomatic approach of DU30 will yield more investment plus yung pinupush ni Orion to lift foreign restrictions to spur mo FDIs”

In the financial world, key to be on a look out ay yong mga tinatawag na debt that turns into equity. In other words, pag di nakabayad, eh pag-aari na nila tau. Siguro naman hindi naman tanga si President Duterte noh?!

Mga simbergwenza!

Tse!

Check out Jamora’s screen grabs showing the projects of the Duterte admin for 2017 and beyond:

Credits to Edwin Jamora

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