How to stop or solve the poverty in the Philippines?

[scriptologist]

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As long as the world monetary system is the same, there is no end to poverty....

The U.S. used the certificate bonds ( i think ) to boost their economy and to resolve poverty during the great depression and look at their economy now. They borrowed money from the Fed and now they're paying it with interest. Look for Ron Paul on Federal Reserve in youtube. To realize the hyperwage we need to do the same thing as the U.S., borrow a lot of money.

The only way to resolve poverty is to manage our resources wisely. Checkout zeitgeist venus project on youtube.

[Vince Russo]

As long as the world monetary system is the same, there is no end to poverty....

The U.S. used the certificate bonds ( i think ) to boost their economy and to resolve poverty during the great depression and look at their economy now. They borrowed money from the Fed and now they're paying it with interest. Look for Ron Paul on Federal Reserve in youtube. To realize the hyperwage we need to do the same thing as the U.S., borrow a lot of money.

The only way to resolve poverty is to manage our resources wisely. Checkout zeitgeist venus project on youtube.

I agree with your statement regarding managing your resources wisely...

[foolonthehill]

Congratulations Dakota,

You have all the qualifications of somebody who will never be able to create Hyperwage Theory.

Why? Because exactly of what you wrote of what you think will happen if wages are increased. Your scenario is the "conventional" scenario, and of course, the first scenario that Bentulan thought of, as we were all brainwashed to think that way.

Then he challenged that "conventional scenario." Will the prices of laptop increase 10x just because the maid's wages will be raised 10x? He found out that there is no such linearity. The quantitative relationship is non-linear.

Read the first few chapters of the book, it's all there.

And that is why the book says only an anti-economist is capable of inventing Hyperwage Theory.

When I read the book the first time, and when this point of non-linearity was raised, I understood what the author was trying to say and then I saw how beautiful the theory is.

Free market? the US has a min. wage of US$7.00, that's the same free market I would like to see in the Philippines.

Dakota, will you allow your US "free market" yet imposed by Federal law (what's free market about that?) of $7.00 to be adopted here?

Free market.. yeah right.. free market.. yeah right... FEDERAL min. wage is FREE MARKET?? .. and you taught what?

to foolonthehill, I hail from USA. I have a two degrees from Ivy league schools, worked on Wall Street for 10-years at an Investment Bank, and then was an executive at a Fortune 50 Company ($100B business), and last taught graduate school classes in finance and economcis.

As in all debates, it is appropriate to comment or critize on the idea but not the person. Please explain what aspect of my comments you disagree with and why.

[foolonthehill]

That is right gracia,
if we really look closely, the salary of the people, the poor, is important.

It has nothing to do with the population. Being here in Australia for 7 months now, all migrants know corruption is the major issue in the Philippines.

[foolonthehill]

and tell us, how to manage the resources of P260 / day and even P120 bec double payroll..

I agree with your statement regarding managing your resources wisely...

[foolonthehill]

His credentials are like the credentials of those harvard or chicago PhD economists who have never and will never create a theory like Hyperwage theory.

Dakota,
I admire your credentials, surely you are enjoying way above hyperwage incomes. If I may ask, have you read the Hyperwage theory from cover to cover? I assume you have a busy schedule but I would be glad if you find time to read it.

[foolonthehill]

Why is there somebody here who wants to end poverty?

We are just talking about reducing their suffering by offering a bigger salary...

As long as the world monetary system is the same, there is no end to poverty....

The U.S. used the certificate bonds ( i think ) to boost their economy and to resolve poverty during the great depression and look at their economy now. They borrowed money from the Fed and now they're paying it with interest. Look for Ron Paul on Federal Reserve in youtube. To realize the hyperwage we need to do the same thing as the U.S., borrow a lot of money.

The only way to resolve poverty is to manage our resources wisely. Checkout zeitgeist venus project on youtube.

[scriptologist]

and tell us, how to manage the resources of P260 / day and even P120 bec double payroll..

It's time to think as one, not as individuals

[scriptologist]

Why is there somebody here who wants to end poverty?

We are just talking about reducing their suffering by offering a bigger salary...

Ok. You need to change your title now.

"How to stop or solve the poverty in the Philippines? "

[foolonthehill]

You are correct Al1974,
that is why i commented if Dakota came from the land in the planet of mars (why mars doestn have land? funny, mr. tarmac).

bec dakota fired a gun without having read the book.

is that a good debate technqe?

Dakota,
While it is ok to give your opinion on hyperwage, I say it is also unfair to shoot an idea without FULLY understanding it. Read it and you will realize there is indeed a reason for his theory.

Also, are you a Filipino or have you been here in the Philippines? You will know that even if we double the current minimum wage, it is still below the survival wage. I have posted a lot on this discussion in the previous page. Feel free to view it.

Yes it violates the fundamental of economics. But even the brightest economists at ADB and World Bank have not made a dent on poverty problems of third world countries. And I think its time to try something that haven't been tried before; The Hyperwage Theory- the single most effective way to end poverty and modern day Filipino slavery.