SM Prime reports P6.4 B profit for first 9 months

economy. how is our economy.. should i say monetary economy.. let us be objective and see the foundation of this issue so that we can clearly grasp the solution.

the ultimate solution is to paralyse and dissolve this system of monetary economy. but the solution should begin from all of us.. for we all allow ourselves to be MATERIALISTICALLY CONDITIONED by this system and blindly continues to patronize this corrupt system. first and foremost, the system where workers compete to get the best possible pay he can get while employer constantly reduce costs to maximize profit. WE ARE ALL PATRONIZING THIS NEVER-ENDING COMPETITION FOR MONEY, where social concern is always second to monetary concern. Equality has no place in a system based on competition.

one of our primary goal should be TO EXPOSE AND STOP SUPPORTING THOSE CORRUPT ARM OF THIS SYSTEM. then our mature and intelligent citizens of the nations should join their hands in forming the alternative system which will serve our best interest on global level.

to illustrate how corrupt our global monetary system:

if you have 1 million dollars and put it into a CD, say sample at 2% interest, you are going to generate $20,000 a year simply for that deposit. You are making money off of money itself… paper being made from other paper … nothing more – no invention – no contribution to society – no nothing.

that being denoted, if you are a lower to middle class person, who is limited in funds, and must get interest based loans to buy your home or use credit cards, then you are paying interest to the bank, which the bank is then using, in theory, to pay the person’s return with the 2% CD! Not only is this equation outrageously offensive due to the use of usury (interest) to ‘steal from the poor and give to the rich’, but it also PERPETUATES CLASS STRATIFICATION by its very design, keeping the lower classes poor, under the constant burden of debt, while keeping the upper classes rich, with the means to turn excess money into more money, with no labor.

we need to shift from money-based economy to a resource-based economy. one of our primary goal should be TO EXPOSE AND STOP SUPPORTING THOSE CORRUPT ARM OF THIS SYSTEM. then our mature and intelligent citizens of the nations should join their hands in forming the alternative system which will serve our best interest on global level.

While SM enjoys its increases in profits, noting that “profits” is already an indication that it has recovered its costs, its entry-level employees SUFFER from being underpaid.

Ang SM… magaling sa pagpapayaman, pero walang concern sa mga employees nila (special mention na ang security guard na namatay dahil sa pamamaril sa loob ng isang mall nila).