Inflation, soaring prices making lives 'difficult' for Filipinos
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- čas přidán 7. 09. 2024
- The Philippines is battling record inflation.
President Ferdinand Marcos Jr says it is out of control.
Al Jazeera's Barnaby Lo reports from Manila, the Philippines.
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#News #Philippines #Filipino #inflation #Prices #Family #Food
Instead of trying to predict whether or not we’re going into more recession and keep losing your money, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every quarter according to Bloomberg.
That’s crazy, I’m just doing everything wrong with my portfolio, 25% of my portfolio is in the red and I really don’t know how long I can stomach the losses. I’m beginning to reach a breaking point.
I do feel your pain mate, I’d suggest you look into passive index fund investing and learn some more. For me,I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets,Up 200k so far and pretty sure I'm ready for whatever comes
@@hushbash2989 Having an expert is essential for portfolio diversification. My advisor is "ELEANOR ANNETTE ECKHAUS” who is easily searchable and has extensive knowledge of the financial markets.
Thank you for sharing; I will need all the help I can get because I recently sold some of my assets in order to invest in the stock market.
This seems like the worst investing period. Started investing recently when the market prices were a bit high, today I am more than 60% down! Hopefully, the markets will go back up.
You should have used a Robo-investing platform or copy-traded Karen Marie Emma or any other regulated expert. As a complete beginner myself, I have made over $30K in less than 5 months with her.
@@richardyepesdiego5702 Most of the experts here on YT and lg copytrade her. That is how they make enormous profits from the seemingly unknown market.
@@kellyhoang1483 People underate the importance of a financial advisor and Business analytics...what you do with your money is more important than the money you get...unwise investments has rendered a lot of people, celebrities inclusive bankrupt.
@@kellyhoang1483 Lol. I am one of them... Started last year in all honesty, wish I had known about her earlier.
@@hollandhoff975 sure fnancial-advisors are outperforming the market and raising good returns but some are charging much, seeing that their services are currently in high demand more than ever....seems more like taxing to me.
Solusyon ng mga pinoy: Mag anak.
Very good Al Jazeera now allover World 🌎 👏 👌 👍 😀 🙌 🌎
Good reporting !
Ask yourself this question every day to know if you need to buy or consume onion : "Will I die today if I don't buy or eat my meals with onion?"
Only YOU can tell if you will be SLAVE to the need for onion. It's time to look for alternative food source that are affordable and healthy.
Aren't onions healthy though? You said "that are affordable and healthy", it sounds like you are implying that onions aren't healthy, so you should have added in "also" in between "and" and "healthy"
Sending love to Filipinos suffering from this inflation from the USA. My struggles are small in comparison, but I'm having difficulty finding even dishwashing and janitorial jobs here in Tacoma, WA!
Found a place to live with roommates and paid the full 6-month lease upfront.
That's part 1 of 2 of my "War Strategy of Success" if you will.
Best of luck to you
Good luck to you sir !
nah get your own place bruh, stand strong on your own📌
6 kids, if you're financially struggling, why breed so much
It's boring here, cheap way to have some fun.
Poor Philippines getting poor and poor each day.
Using onion powder in place of onions will help I suppose !
Useful
Pick your difficulty :
Easy, Medium, Hard, Asian, Filipino
Filipino is not that hard. Try Brazilian or burundi difficulty.
@@req15722 Brazil is doing better than the Philippines.
Many countries are suffering from the same problem but who will solve i have solution NASA should invest money on these poor people instead going to other planet.
@Soldier427 what they have got till now after investing trillions of no use
Solving poverty is governments Duties and Responsibility, there are lots of threats in space as you would imagine, the first mission of space exploration is to find habitable planets for us to terraform, that's a really expensive and even trillions are not even enough now. But with continuous advancement humanity will find hope in another planet if we continue to persevere.
Why not the US military? They can just lend a itty bit of their billions of dollars instead of NASA, which sets ups weather satellites too which are really helpful if you need to be alerted about an incoming storm
If you see pioneering new technology as not important, innovation will suffer and if that happened like 4 decades ago, you won't have the device you used to post this comment
Agreed, and there are many more valuable resources they can utilize instead of spending them on nonsense.
Marcos out of touch. He needs to eat and walk with the masses
Now he is the president he's not only out of touch he is out of reach too ,he has a luxurious lifestyle from start dont expect from marcos jr that he will act or try to socialize with the masses
@@josepanicucci8591 You probably know the word USER NAME , the name use to spoof some people , and to determine some poser such like you
He's not only out of touch, but also often out of the country. He kowtowed to China recently, and then will hang out in Davos soon. What a nice presidency!
@@unggoyalbert9469 Yet people there worship him like a prophet
state visits to watch f1 racings
Wow rice
unity lang spat na
Wala Kasi unity sa mga kakampon
Is there a minimum wage in philippines? Salamat
$12 or less a day depending on the city in the Philippines
@@thinkforyourself9334 TY
its all over the globe.. inflation hits hard not only in the Philippines
Yes but having onions worth more than the daily average wage is to much .
@@darren5971 yeah that onion prices is insanity.
Phil Government should focus more on family planning.
AND THEY HAVE THE NERVE TO SHOW OFF SAYING THEY ARE BETTER THAN OTHER COUNTRIES.
Thank you Joe Biden!!!
But many buying new cars, houses etc..
because those who benefit from this inflation, is those at the top. the transportation is one of the main problems in the Philippines, with that being said, they ought to think that buying cars would be practical than face the amidst of road traffics and transportation errors.
Why blame PBBM the problem of high cost of locally produced onions? And why would the local vegetable farmers ask the government to provide them with cold storage facilities?
Economics is the social science that studies the production, distribution, and consumption of goods and services, and analyzes the choices that individuals, businesses, governments, and nations make to allocate resources.
The law of demand in Economics states that "a thing is worth whatever someone is willing to pay for it, not by deceiving the people, but by adding value to the thing." If onions were bought from the local farmers at a price of Php8 per kilo, how is it that vegetable retailers are selling it at Php700 per kilo? It means that they can even raise the price to Php1,000 per kilo for as long as there are people who are willing to pay for its price. That's preposterous!
Meanwhile, PBBM, just like any state leader with soundness of judgment and business acumen and as the sitting Agriculture Department Secretary, took it upon himself the responsibility of steering the skyrocketing price of onions. Yes, he made a very difficult choice when he recently ordered the importation of onion, which some people perceive as hurting the livelihood of local onion farmers.
Onion is one of the factors of production. As an example of raw material, it contributes to food and income security for producers and all the players in the supply chain. However, if you raise the price of onion as well as the price of other raw materials, that's a sure way to trigger inflation.
If the local vegetable farmers ask from the government for capital resources such as factories, machineries, and chemicals, I might as well ask the same thing for my own business.
As an entrepreneur, I started small, slowly but surely. As the saying goes, "Slow and steady wins the race." I take financial risks to create a product or service that people will buy, but not at the expense of hurting both the pockets of the suppliers and consumers by making a large profit. By doing so, again, it could trigger inflation.
PBBM reserves the right to remain in his post as Agriculture Department Secretary in the interest of the Filipinos and residents in the Philippines, and up to him if and when he could confirm another appointee who can do an equally great job.
Inflation occurs when prices rise because of supply constraints that increase the cost of producing goods and offering services, or because consumers spend their excess cash faster than producers can increase production.
If you really want to fight inflation, don't patronize products and services that are UNREASONABLY expensive, especially if they are UNRECEIPTED!!! Increased labor supply, capital supply, productivity, and personal savings can help reduce inflationary pressures.
The breathtaking stupidity of the lockdowns is insane
Is it stupid that less people die?
@@MrIdK-sn6yfaccording to him, yes
We're more interested about the migrant workers who died in Qatar preparing for world cup than this overly sensationalized situation in the Philippines.
We're more interested in the slaves in Africa than the overly sensationalazed air balloon from China over the US
And plus, starvation isn't an exaggeration especially when it's happening all over a country
But i guess the fact its in Asia and not in the US makes it non appealing
Filipinos deserve who they voted and whatever they are experiencing now.😂
No one deserves to go without or starve though .
😞
President Ferdinand Marcos Jr. is certainly doing his best to alleviate poverty in the Philippines. We put our trust in him. All his efforts will surely come to fruition in time. ❤🇵🇭
What actions is he doing to alleviate poverty? Is his agriculture secretary also doing anything to solve those high food prices?
BIG LOL!
@@julm7744 you didn't include the 20 pesos per kilo of rice that he promise to 31 millions who voted for him
Poverty is the product of Pilipino arrogance to reality...Corruption is the brother of poverty. PH is not the 1st country to combat poverty..Every G7 nation the open secret formula to combat poverty...Control population growth and realistic economic growth shall follow.. hindi puro balita o statistics lang...Every commodities or service follows law of demand and supply..The more population the more demand. Like electric. Rice..etc. Therefore price goes up..Paano macocontrol ng Pilipino ang population growth kung ang paniniwala ng marami ay ang anak o dami ng anak ay blessings from GOD. Previous attempts by government to promote family planning was futile because of chruch.. Under other countries...pinasa ang simbahan. Other like US made a clear separation between chruch and state.. Sa pinas. May separation nga...wala naman clear boundaries line.. Nakikialam ang simbahan. . lalalo mga politico pag election...Si Sisa at pinas ay iisa...parehong baliw mula pa panahon ng kastila hanggang ngayon...the Philippines is the first and only Christian country in South East Asia but known to its neighboring countries as THE SICK MAN OF ASIA...Rizal was the first to point this as...SISA.
@@julm7744
Can you please provide some actual proof of this ??
because all we (those of us with actual objective eyes and brains ) are seeing is quite the opposite .
Go ahead; we are waiting …
Mag tamin kayo ng vegetables sa bahay nyoo😅 thats it
KARMA
AND THEY HAVE THE NERVE TO SHOW OFF SAYING THEY ARE BETTER THAN OTHER COUNTRIES.
Your country probably isn't so great either.
@@kokoxriyu9074 Not as worst as Philippine, your country is the Poorest in Southeast Asian.
@@kokoxriyu9074 Not as worst as Philippine, your country is the Poorest in Southeast Asian.
@@kokoxriyu9074 Not as worst as Philippine, your country is the Poorest in Southeast Asian.
@@kokoxriyu9074 Not as worst as Philippine, your country is the Poorest in Southeast Asian.
KARMA
KARMA