OFW Filipino Heroes

Friday, February 24, 2017

Senator Leila de Lima Arrested for Accusation of Orchestrating a Drug-trafficking ring for 5 years During her Term as Justice Minister

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Senator Leila de Lima with her political party supporters inside her office before the arrest  

Senator Leila de Lima Arrested for Accusation of Orchestrating a drug-trafficking ring for 5 years

Senator Leila de Lima a staunch critic of President Rodrigo Duterte's war on drugs has been arrested by law enforcement agents after charges were filed in court alleging that she received money from drug dealers inside the Bilibid, the country's largest prisoner’s compound.

Senator Leila de Lima is accused of orchestrating a drug-trafficking ring when she was justice secretary during the 2010-2015 administration of Benigno Aquino.

"The truth will come out and I will achieve justice. I am innocent," she told reporters shortly before law enforcers escorted her away from her office on Friday.

De Lima, her former driver. lover and bodyguard and a former national prison official were ordered to be arrested by a local court on Thursday after a judge found merit in criminal charges filed by the Department of Justice last week.

De Lima has denied the charges, calling herself a victim of political persecution and saying that she has long prepared herself to be the first "political prisoner" under the Duterte administration.

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Senator Leila de Lima Arrested and heading the Police office with police escort 

"While the issuance of the warrant of arrest is questionable, I do not have any plans to evade it," she said, calling the order premature as the court has yet to hear the response from her lawyers.

She slept in her Senate office overnight then gave herself up to armed officers in flak jackets who put her in a van and drove into morning rush-hour traffic apparently towards police headquarters.

Duterte, 71, won a presidential election last year after promising during the campaign to eradicate drugs in society by killing tens of thousands of people.

Since his inauguration on June 30, an anti-drug drive has seen more than 7,000 people killed over suspected drug links - with about 60 percent of the deaths carried out by unknown assassins.

De Lima has previously called for foreign intervention to put an end to the "state-inspired" extrajudicial murders, which she said have been instigated by Duterte since his election to power.

De Lima also led a series of Senate investigations over allegations that police officers were involved in the killings, and that hired killers were operating under orders from police.

Aries Arugay, associate professor of political science at the University of the Philippines-Diliman, told Al Jazeera that the senator will use her detention to highlight the president's controversial policies.  

"Senator de Lima has been taunting the Duterte administration to arrest her for months. She boldly says she is its fiercest critic … What is happening right now is she is really using this as her platform for her own politics," Aurgay said.

'Shame on you'
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Senator Leila de Lima  taking her mugshot at the police office

Meanwhile, De Lima's detractors were jubilant over the news of her arrest.

Blogger and Movie and Television Review and Classification Board Member Mocha Uson, who is a "diehard" supporter of Duterte, said once the charges are proven, no one will stand with De Lima.

Meanwhile, political analyst and fervent Duterte supporter Sass Sasot, criticized De Lima for her rancorous reaction to the arrest warrant. I miss the time when Gloria was arrested.

"Naka upo lang si madame, enduring everything, dignity in silence. Itong si Leila kulang na lang bumuga ng apoy."

Finally, former Sen. Jinggoy Estrada — who is currently facing plunder charges filed by then-Justice Secretary De Lima in relation to alleged misuse of his "pork barrel" fund — slammed De Lima for not surrendering directly to authorities.


"We surrendered even before the warrant of arrest was served. We went to Crame immediately. Can't you do the same? Shame on you," Estrada said in a Facebook post. - With report from CNN and Aljazeera

Sunday, February 19, 2017

Why Krugman’s “Bitcoin is Antisocial and Impractical” Argument is Flawed

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Paul Krugman, “economist” and University of New York professor, Photo: The Coin Telegraph

Over the past few years, Paul Krugman, “economist” and University of New York professor, continuously criticized Bitcoin and its decentralized nature, describing it as an anti-social network because it does not depend on a state-owned or controlled money supply.

To start with, Bitcoin can be perceived as an abstract financial and technological concept within the traditional frame of Economics and Finance. The Bitcoin network represents the potential of peer-to-peer and open financial networks that eliminate the necessity of the third party institutions or governing entities in order to efficiently facilitate payments between users in a practical ecosystem.

Conventional “economists” such as Krugman have been introduced to state-owned, controlled and manipulated currencies, assets and stores of value for an immense period of time that they often struggle to understand the necessity of digital currencies like Bitcoin.

In his blog he writes:
“At the end of 2013, I wrote a post titled “Bitcoin is evil,” riffing off Charlie Stross’s “Why I want Bitcoin to die in a fire.” Charlie and I both keyed in on the obvious ideological agenda: Bitcoin fever was and is intimately tied up with libertarian anti-government fantasies.”

“Bitcoin is antisocial” because “it is not state-owned” - wait, what?

The “Bitcoin is antisocial” argument has been the core of Krugman’s criticisms against the cryptocurrency. Ironically, however, Bitcoin has demonstrated the highest level of user freedom, as it relies on a peer-to-peer protocol as its foundation.

Another ridiculous statement of Krugman that he frequently pushes in mainstream media outlets such as the New York Times, for example, is that “Bitcoin is not state-owned,” which misleads users and investors on the primary purpose of Bitcoin. Basically, he says that Bitcoin was created to weaken the global banking system.

Well, seriously? In 2009, Bitcoin was introduced with the sole purpose of providing financial freedom, sovereignty and independence to users. So far, it has succeeded in offering an unprecedented level of financial freedom to the general population, proving that financial networks can exist without the involvement of governments and the existence of authority.

Governments abuse the power over the cash-based monetary system

Bitcoin serves as evidence that peer-to-peer networks can exist and that users are responsible enough to lead a peer-to-peer protocol in a civilized manner.

The global financial system utilizes cash as its basis. Banking systems and financial services are deployed on top of the monetary framework, offering digitalized methods of transacting cash. The role of the government within a cash-based monetary system is to provide enough supply of physical cash to support the economy.

Governments have abused this power over the cash-based monetary system to print fiat money at their demand. Termed as “quantitative easing,” central banks print a certain amount of cash and distribute that among banks. While governments claim that this new set of printed money ends up at the bottom of the economy, in actuality, billions of dollars created on an annual basis are sprinkled on top of the economy for top-tier organizations and financial institutions.

Bitcoin has proved that a state-owned money supply is redundant and unnecessary. In a social network, a peer-to-peer protocol like Bitcoin, each individual plays a role in maintaining an autonomous financial network.
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Paul Krugman, “economist” and University of New York professor is wrong.  Illustration: The Coin Telegraph

Source: - The Coin Telegraph 


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