Daily Archives: August 2

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2004: The Philippines on the Verge of a Collapse

To Fly The Flag

To Fly The Flag

The Philippines stands on the precipice of an unraveling. Experts from the University of the Philippines School of Economics confirm a dire warning earlier issued by the chief of the London-based Standard Chartered Bank – the Philippines is going by the way of Argentina, that is, it is a ticking time bomb, precipitating towards an economic collapse.

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