CIA Plots, Rising Prices, & Weakening Philippine Peso

CIA Plots Rising Prices Weakening Philippine Peso - CIA Plots, Rising Prices, & Weakening Philippine Peso

I like to read the news. Four online newspapers from the Philippines are daily perused along with a cup of Good Day coffee. Slap some Peter Pan Creamy style peanut butter on two slices of Gardenia wheat bread, and I’m happy as a hog in mud. “CIA Plots, Rising Prices, & Weakening Philippine Peso” are the topics for today’s musings. Hold on conspiracy theorists and tweak that aluminum-foil antenna on your head. We’re in for a bumpy ride in the Philippines, Pilgrims.

Mutineer Senator Hides Out in the Senate

I love reading JoJo Robles opinion pieces from The Manila Times. Robles’ latest offering dealt with the motive behind the impending arrest of Senator Antonio Trillanes IV.

While in the military, Trillanes led two failed coup d’état’s against the Philippine government. The 2003 Oakwood Mutiny and the 2007 Manila Peninsula siege. He was put in the slammer but despite his imprisonment, was able to get elected Senator.

This is the Philippines.

In 2010, then President B.S. Aquino, a political ally of Trillanes, gave the mutineer amnesty. Several days ago, current President Duterte revoked Trillanes’ amnesty and ordered his arrest. As this post goes to publication, Trillanes has been hiding out in the Senate to try and avoid arrest.

CIA Plot to Oust Duterte?

Sources close to military and national security authorities told Robles that Duterte recently discovered a CIA plot. The scheme, supposedly backed by the US Central Intelligence Agency, was to forcibly take over the government in Manila.

Among the chief plotters, these sources said, was Trillanes.

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Trillanes photo credit: philstar

After the discovery of the plot, according to these sources, Duterte dispatched National Security Adviser Hermogenes Esperon Jr. to CIA headquarters in Langley, Virginia.

Esperon told American intelligence officials to back off from the Philippines because Duterte had already learned of Trillanes’ plot.

Frankly, I wouldn’t put anything past the CIA.

The Inflation Surge

Recently I ran a post regarding runaway inflation in the Philippines. While watching the evening news on CNN Philippines, an economics professor from the University of the Philippines opined that inflation in September 2018 may even hit 7.0%. The professor labeled the current inflation as “hyper-inflation.”

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Troubling news, indeed, but to add to my concerns, I read that our region of the Philippines, Western Visayas, already hit over 7% inflation in August.

Philippine Peso Almost Hits 54-1 Mark

Nevertheless, I have good “good news” and “bad news.” While inflation in the Philippines is climbing at an alarming rate, the inflation is helping to weaken the Philippine peso against the U.S. dollar.

The Philippine peso reached the 53.98 to 1 exchange rate against the greenback, an almost 13-year-low.

CIA Plots, Rising Prices, & Weakening Philippine Peso

There’s a lot of turmoil going on in the Philippines right now, but I’m not too concerned. In Guimaras, the island province we call home, life in our sleepy “Mayberry” paradise goes on. We’re pretty isolated from the chaos of national politics. Our biggest worries are not running over any carabao crap on our newly-repaired road.

carabao at wonder farms guimaras

Our new domestic helper is working out great.

Everyone is healthy. My Alzheimer’s-inflicted father-in-law can even occasionally remember my wife’s real name now.  He hasn’t been able to do that in years.

Our eight canines are healthy and happy.

I haven’t pissed off my asawa in a while (you married guys know what I’m talking about.)

“Marco,” the obnoxious son of the Vice-President on FPJ’s Ang Probinsyano was killed off a few weeks ago. How I hated the stupid-looking “man-bun” that guy had.

Now if only Cignal satellite would bump off that boring and unwatchable RJ TV from their line-up.

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Nevertheless, life is good in the province.

Author: The Kano

POST AUTHOR: "THE KANO." Dave DeWall, "The Kano", is the Publisher & Editor-in-Chief of "Philippines Plus" in publication since August 2009. He is also the CEO of Lizard Poop Productions and author of the best-selling guide book "The Philippines Expat Advisor." Dave moved to the Philippines in July 2009 from Central Illinois with his lovely wife of over 19 years, "The Sainted Patient Wife." The couple reside in a rural province in Western Visayas, Guimaras. The small island province is said to have the sweetest mangoes in the world. They do not have any children but are the proud owners of eight active canines, including a Belgian Shepherd called "Killer" "Killer" has bitten five people in the last two years along with one goat and a carabao. "Killer" doesn't like strangers. Or goats. Or carabaos.