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[VIDEO]: Marcos eyes Maharlika fund ‘soft launch’ at WEF in Switzerland
Sovereign Wealth Fund Soft Launch
President Ferdinand R. Marcos himself wants the spotlight on the proposed sovereign wealth fund in Switzerland during his state visit. Department of Foreign Affairs (DFA) Undersecretary Carlos Sorreta said that The WEF is a great venue to do a sort of soft launch for our sovereign wealth fund. The prominence of the forum itself and the attendance of global and business leaders is vital.
World Economic Forum
President Marcos plans to do a “soft launch” his administration’s proposed Maharlika Investment Fund during his five-day visit to snowy Davos, Switzerland, for the World Economic Forum (WEF). He flies out of Manila on January 15 and returns on the 20th. They will hear directly from the President the fundamentals of the country’s proposed sovereign wealth fund.
The Maharlika Investment Fund is a sovereign wealth fund that will source its seed capital from state-owned banks. This will be used to invest in big-ticket infrastructure projects or the power sector. The chairmanship of the fund has also been switched from the President himself to the finance secretary.
[VIDEO]: Congressman Sandro Marcos explains the importance of Sovereign Wealth Fund
PH Sovereign Wealth or the Maharlika Investment Fund
Presidential son and congressman Sandro Marcos said that the sovereign wealth or Maharlika fund is essentially another source of income. The funds would come from the profit of the government’s investments. The starting investment is about P250 billion which is a collection of initial proceeds from the GSIS will be P125 billion, P50 billion for both SSS and LBP, and P25 billion from the DBP.
The Indonesian Inspiration
The meeting of President Bongbong Marcos and Indonesian President Joko Widodo inspires the creation of the Maharlika Investment Fund. Indonesia’s sovereign wealth fund began in 2021 at one billion. President Widodo testifies that the facility is one of the reasons for their economic success.
The Presence of the ADB
House Bill (HB) No.6398 is called the Maharlika Wealth Fund (MWF) and the Maharlika Investment Fund (MIF). Cong. Marcos is one of its authors. During the hearing, the ADB is also there. It vows to support all the projects of President Marcos, especially the infrastructure projects. Now, this one. They made efforts not to identify it with the president so that it can continue regardless of who the leader of the country is.
Sa Iyong Araw
[VIDEO]: PBBM’s Invite to Switzerland
Philippine Wealth in Switzerland
President Ferdinand R. Marcos Jr. has been invited to the World Economic Forum (WEF) in Switzerland in January 2023. The invitation was extended to Marcos by WEF founder and executive chairperson Klaus Schwab. It was during a breakfast meeting in Phnom Penh, Cambodia recently. Will Marcos’s wealth there be tackled?
Attracting Swiss Investors
The crucial invite to Switzerland is a bit controversial because of Marcos’s wealth there. The president even consults his mother about the trip. Her reply is positive because she believes that the president can work anywhere. He can attract more investors also for the country.
House Speaker Martin Romualdez sees to it that President Marcos will not miss the visit to Switzerland. He’s definitely a very popular leader, said his cousin. Many first-world countries like to invite him to encourage their investors to invest in the Philippines.
[VIDEO]: This is why the leaders of other countries prioritized talks with PBBM
The People’s Wealth
Presidential mother, Imelda Marcos holds the truth in terms of the people’s wealth. She said that they are deposited by her husband, former President Ferdinand Marcos, Sr. to 170 banks worldwide. They are acknowledged by the World Bank. This is why the country can have priority loans without interest from the World Bank, IMF, ADB, and their subsidiaries.
Back-Up during Crisis
The wealth of the people serves as back-up funds during crisis. The deposits in 170 banks are linked with the World Bank. The taxes are not enough to alleviate hardships during the recession. Especially when the inflation rate becomes higher. The late president Marcos thought of this a long time ago.
The priorities for the deposited funds are: housing projects, creations of millions of jobs, infrastructure projects, regional hospitals, health facilities, and agriculture.
[VIDEO]: Gold, Oil and Deuterium in the Philippines
Natural Wealth of the Country
Bongbong Marcos said that it’s already established that there are gold, oil, and deuterium in the Philippines. Those are the natural wealth of the country. The Central bank only buys gold locally. Then, exports to another country. The Central Bank Governor just confirmed that we have gold reserves in the UK. But Imelda Marcos’ documents show that they were shipped to more than 120 countries.
Deuterium is Clean Oil
Deuterium is hydrogen fuel. It’s clean oil. Renewable energy is an attractive resource because hydrogen has been established as a greener alternative to fossil fuels. The Philippines and not the South China Sea is the hub of this gasoline of the future.
Gold and Oil
The Marcos administration looks at resuming the mining of gold safely before it slowed down during the time of environmentalist, Gina Lopez. The exploration of oil can also be joint ventures with China, the UK, or the UK for the technology required in the extraction and distilling processes.
[VIDEO]: Sheryl Cruz’s Reaction to Grace and Lovi Poe’s Inheritance from Susan Roces
Susan Roces Divided her Wealth
Sheryl Cruz said that she respects what her aunt Susan Roces did to her wealth. She named each of them to her rightful heirs. This includes Grace and Lovi Poe. She added that it’s the right thing to do. That’s why their family remains harmonious.
7 Decades of Work
The late actress who just died of heart complications accumulated wealth from her 7 decades in the showbiz limelight. She did leave a substantial amount of properties. Plus her husband’s. There’s no denying that despite being adopted, Grace is the legal daughter and Lovi also gets her share as the biological daughter of FPJ. Roces chose forgiveness. So, that made their unconventional family intact.
More than Wealth
Grace and Lovi plus the rest of the family members just didn’t get a fair share of inheritance from Roces but also the bond that they will always be family. Great love is certainly better than wealth in this regard. That’s what everyone needs.
[VIDEO]: Marcos Jr. claims ‘fake news involved’ in ill-gotten wealth, estate tax cases
Wealth of Information vs. Misinformation
Ill-gotten wealth, estate taxes and other accusations have a lot of fake news in them, said BBM. The fact that they claimed facts are not really facts, he added. He suggests to live the case with the lawyers because some politicians are not familiar with them or refused to be familiar with them.
Bongbong Marcos also said that whatever the court orders, he will do. Look at the tax evasion accusation for example. Many lawyers and accountants resorted to social media to explain that BBM’s case was not tax evasion. The withholding tax of a government employee is withheld by the government itself. So, as a public servant, Marcos just can’t evade paying his income tax.
Wealth of Information
The wealth of information online is the work of real and passionate people. Trolls cannot be identified. But Marcos’s defenses online normally come from knowledgeable bloggers. They post betting on their reputation. So, there’s definitely no troll who can blog. Some biased mainstream media just cannot accept that the public believes them more than them. So, BBM wins this race for true information.
[VIDEO]: Comelec debate: Bets tackle tax issue of no-show Marcos
Ill-Gotten Wealth or Collect P203-B in Estate Taxes?
Bongbong Marcos was right not to attend the Comelec debate. Despite being unable to defend himself from criticisms over his family’s alleged nonpayment of the said P203-B in estate taxes, his rivals Leni, Ping, Isko, and Ka Leody talked like they are experts in the subject. But comments show that their views are conflicting with their own ill-gotten wealth accusation.
Logical Question from a Political Analyst
Professor Antonio Contrras said to Leni, Ping, Isko and Ka Leody: If you insist that the government should collect the estate tax of the deceased Marcos Sr. which you claim to be a whopping 203 billion pesos, then are you admitting that most of his wealth is not ill-gotten?
An estate tax attaches only to legitimately owned estate that can be passed on to their heirs and not to ill-gotten ones which are forfeited in favor of government. Besides, no one can compel the Marcoses to pay for them if they do not want to claim them.
[VIDEO]: Enrique Zobel’s Testimony on the Marcos Wealth
Zobel’s Testimony on the Marcos Wealth
Enrique Zobel comes from a prominent Ayala family in the Philippines. He died on May 17, 2004. He’s a Spanish-born industrialist and philanthropist. His testimony on the Marcos wealth during a Blue Ribbon Committee hearing was found in a Newsflash. It happened during the Senate Blue Ribbon Committee Meeting.
Purpose of the Wealth in Gold Deposit Certificates
Zobel saw the folder that contains Ferdinand E. Marcos’ US$35 billion gold certificates. The incident took place in the hospital. So, it is now worth around US$100 billion. There’s no question on the details of his testimony on the reality of Marcos Wealth. He also disclosed President Marcos’ great purpose for this wealth. The late president allegedly has around 100 Billion Dollars reserves for humanity.
Accumulating the Wealth Since World War 2
Marcos explained to him that he has been accumulating this wealth since World War 2. Zobel advised him to set up a trust fund with the Filipino people as beneficiaries. Marcos’ intention was for the Philippines to have gold reserves for a credit facility necessary for the country’s development. Enhancing the armed forces, and housing projects were on the priority list. Therefore, no corruption cases can nail him down.
[VIDEO]: ‘It’s a mixed bag’: Analyst on track records of Marcos-Duterte senatorial slate
I’ll Gotten Wealth Propaganda
It is a fact that the yellow contender for president, Leni Robredo was the highest mainstream media advertiser in 2016. They have to repeat the black media propaganda against Bongbong Marcos for Robredo to have a chance in 2022. The alleged ill-gotten wealth of the Marcoses is one of them. No respect at all to the more than 30 years of court trials with no final convictions. Here’s how to spot biased news outlets.
Son of the Late Dictator
Any newscasters who call Bongbong Marcos the son of the late dictator have either no clue about the Philippine Constitution or are just following the orders of their bosses to character assassinate Marcos. A democratic country can never have a dictator because he is voted by the people. The late President Ferdinand Marcos had no absolute power as a ruler and never used force during his reign.
Disregarding More than 30 Years of Trials
The reporters of these biased news outlets may have to act innocent. Disregarding what they knew of the trials of the century that led PCGG to nowhere. There’s also no mention of the evidence shown by former first lady Imelda Marcos. They must be in line with their candidate’s stand who talks about the Tallano Gold just to dig up the said propaganda.
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