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Lito Atienza Answers VP Robredo’s Foreign Debt Trap Fear with the Marcos Gold

debt





welcome By: Elena Grace Flores

Lito Atienza might be the senior deputy minority leader of the of the house representing the opposition but he educates Vice President Leni Robredo. The government can’t get into a situation wherein it incurs too much external debt that suddenly becomes difficult or impossible to repay, Atienza explains on the P8-trillion economic infrastructure spending. It answers VP Robredo’a warning that the Philippines might fall into a debt trap if the government borrows money indiscriminately, especially from China.






Youtube video by; Rappler

[VIDEO]: Minority’s Suarez, Atienza discuss Marcos gold bars




Lecture on Economics

“We have no problem with borrowing money. Regardless of whether it is from Japan, China or South Korea. As long as the government spends the funds on sensible and beneficial projects,” Atienza said.

“If we are talking of infrastructures such as trains, expressways, and bridges—these will all help to provide new employment. They enable goods and people to move faster at a lower cost. Then they further stimulate overall economic growth,” Atienza said.




Government Trust

Atienza’s trust to the current administration is unlike other opposition lawmakers. He said growth, in turn, would translate to a larger economic asset from which government is bound to collect incremental tax income.

“Surely the administration will not obtain a project loan from a foreign government at a higher interest rate. This is if the same credit can be procured elsewhere at a lesser rate,” Atienza said.




The Marcos Gold

Atienza attests that he has personal knowledge of the Marcos gold when he was still a mayor. He also points out GMA’s interview with Congresswoman Imelda Marcos that shows all the gold shipment documents in one room. He said that the widow of the late President Ferdinand Marcos is the witness that the former President was already a gold collector since he was still single.







Not Stolen

Atienza urges the government to look into the issue as soon as possible. He agrees with Congresswoman Marcos that the wealth can neutralize foreign debts for the welfare of the people or the world in general. Presidential Spokesperson Harry Roque’s presence in the Press Conference signifies that the President pushes for Congress to facilitate the gold retrieval following the legal process. Can Robredo and other anti-Marcos opposition leaders swallow that? She can only give Bongbong Marcos further hard time on the VP manual recount. The truth always prevails.

http://www.manilastandard.net/news/national/267929/opposition-solon-allays-foreign-debt-trap-fears-amid-philippines-infra-bid.html




Marcos’ Wealth Management Secures the Philippine Economy

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Atienza: A Super Power Stopped Imelda Marcos from Disclosing about the Gold for the Economy

economy





welcome By: Elena Grace Flores

Buhay Rep. Lito Atienza recounts his rare conversation with the former first lady Imelda Marcos about an infamous treasure. Atienza said that Rep. Marcos once told him about 7,000 tons of gold that can be used for the economy. If these are part of the wealth for humanity that her late husband deposited at the World Bank she, cannot decide on her own on what to do with them.






Youtube video by; Rappler 

[VIDEO]: Atienza: Imelda Marcos wanted to return 7,000 tons of gold to PH




Atienza’s Testimony

When they were both sponsors in a wedding sometime in the 2000s when he was mayor, Atienza said Marcos told him about the 7,000 tons of gold deposited in different parts of the world so that the country could pay off its foreign debt. This coincides with the World Bank gold reserves of her late husband. They were shipped around the world as sanctioned by the financial entity.




Liberate the Nation from Debts

Atienza quoted Marcos as saying: “I’ll liberate the nation from foreign debt. I heard directly from Congresswoman Imelda Marcos when I was a mayor. She said that she wants to hand over the gold to the government here so that the country will be free from its debts,” Atienza said.



Interference of a Super Power

I told her, ‘why don’t you do it?’ She said a superpower was interfering,” Atienza added. He did not name the superpower allegedly blocking the release of the Marcos gold. But America has been known to carry such title. Can this be the reason why the Liberal Party’s supporters are mainly from the US?








Protecting the Economy

This incident was disclosed after the President said that a Marcos spokesperson explains the reason that the wealth appeared to be hidden because ex-President Marcos was “protecting the economy.” It is remembered that Marcos negotiated with then President Cory Aquino to let him return from exile to explain about the wealth but she denied him this opportunity. That’s why they are called hidden wealth by his detractors.




‘Imelda Marcos once wanted to return 7,000 tons of gold’