Pyramid
scheme is almost always a scam
What is surprising is that Filipinos still buy the pyramid scheme as a fool proof
system for earning oodles of money. Despite years of proof that many had fallen
victims of a Ponsi scam. But that is the tragedy of the whole thing. Built
on lawyers or agents, it is only those on the top of the heap who usually earn
the astronomical interests or earnings the scheme promises. Thus, they are impelled
by the prospects of vast return that spur them to undertake sales that only expand
the field of victims on the lower rung of the l adder. Well, it seems that, in
the end, most of the victims tend to remedy the situation by pleading that they,
too, were also victims of the scam and by claiming that they were just enticed
to do commercial transactions in the belief that the system was a fool proof way
to earning good money. And, in short, they are victims themselves. The
funny thing is that there are hundreds of angry investors of the Performance Investments
Products Corp. who are claiming that they, too are the victims of PIPC's Singaporean
President Michael Liew. So what's new? Only the hunt for Liew. And that
seems to be a fruitless search for the missing business mogul who disappeared
with as much as $250 million of investors' money. * * *
The government is now caught in a quandary. How to serve the arrest warrants
against the 130 guerillas in Basilan purportedly involved in the ambush and beheading
of 10 Marine personnel. Gen. Hermogenes Esperon, AFP chief, assured that
the military is going to help the PNP serve the arrest warrants should the Basilan
court issue it. It is very unlikely that the PNP could implement the arrest of
the 35, much less for the 130. True, there are several battalions of troops
now in Basilan. But arresting the wanted men, if ever they are deemed by the RTC
as such, will prove problematic. Well, one can only hope that the move
will not lead to an all-out war in Basilan. This is something that we can ill
afford at this stage. * * * While all of us are
looking around for the next presidential contestant, perhaps it is time that we
Pinoys, look at Tony Meloto of Negros Occidental as the next potential presidential
candidate. Of course, that may not convince the majority. After all, Tony
Meloto is no politician nor is he backed by a political party. But what he has
done so far is something that promises to galvanize the country into a widespread
revolution and reform movement. We don't have to count the number of homes
Meloto and Gawad Kalinga had put up for poor Filipinos, more important is that
he had instilled in them the values of self-help and hard work which helped them
overcome their long accepted poverty. This is what we need. Our ability
to revive the values our fathers used to treasure. It's nothing sort of miraculous
the dismantling of the squatters mentality and its replacement by our ideals of
self-help and what hard work and deprivation as well as pride can transform communities
into beehive of productivity. This is what the country needs today.
Meloto does not have the charisma of a movie star, nor is his language as eloquent
as the rantings of politicos who can snatch out of pure air beautiful phrases.
All he and members of the Couples for Christ can come up with are the
homespun ideas on how we can change our lives and transform communities from dirt
and squalor to one where people learn to love one another and care for each other.
That, after all, is what a country means. Perhaps, it is about
time that we change our outlook and try to find out whether we can change our
country's political future.* back
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